Nifty 50 index up today after days of downfall
Market live updates; Sensex up 500 points, Nifty 50 at around 16000, Auto companies outshining, midcap and smallcap doing much better. All the sector indices have seen upside in early Friday trading. Auto, FMCG, capital goods, Oil and gas, healthcare and realty up by about 1 to 3%. Reliance, Titan, Tata Motors, positively contributing to nifty index.
- State bank of India, Tech Mahindra, Eicher motors, Bank of Baroda and some others to announce their Q4 results today.
- Nifty FMCG up by about 2% thanks to Godrej consumer, Radico Khaitan, United spirits.
- IPO of Venus pipes and Tubes subscribed by 5.8 times on third day.
- Delhivery IPO third day subscription reached 27%.
- Patel Engineering gets orders worth 2500 Cr from J&K projects.
- L&T Construction gets orders worth 2500 Cr.
- Nifty Pharma up 1% led by Gland pharma, Torrent pharma, Granules India.
- Siemens reports net profit rise of 2.5%, Rs 340 Cr in Q4.
- BSE Auto up 2%, leaders are Ashok Leyland, Tata Motors, Eicher Motors.
- Gail ready to install Green Hydrogen plant in Guna MP.
- Indian Rupee opening higher at 77.35 against dollar.
- Diesel and Petrol prices steady for over a month.
Indian market indices have been in downfall since many days due to factors such as apparent coal shortage, Russia Ukraine war, rumors on food shortages across the country, fears of inflation. Friday’s rise in indices was a much needed relief to investors and traders.
