Live stock market: Sensex jumps 500 points, Nifty above 15,100; banks, metals rise

Momentumisers: Here’s why Infosys is constantly progressing and what’s next

Infosys’ share price has gone from Rs 1,240 each to around Rs 1,340 in the past 10 days. The IT security’s uptrend came with a bit of short hedging as open interest is down almost 5% and it is close to the 20 day moving average (DMA), 50 DMA as well. than 100 DMA. If Infosys can maintain the levels of Rs 1,215 to Rs 1,300, it will be interesting to see if the stock can trade higher. Watch the video for more details.

Cement would be a good sector to hang on to, says Swati Kulkarni of UTI AMC

Swati Kulkarni, Executive Vice President and Equity Fund Manager at UTI AMC believes that cement would be a good sector to hold for the next 3-5 years. She said: “The thought process was to look at companies in the cement sector that have been very good in terms of capital efficiency. At this point, North and Central India are likely to be strong in terms of demand. So this sector is also good from a cyclical point of view, especially when you see that private investment could be pushed because of the housing revival. In addition, infrastructure is part of the long-term planning of the government. So in a long-term perspective of about 3 to 5 years, this sector might be a good sector to keep. ” More here

BPCL sells all of its own shares through a block agreement and raises nearly 7,000 cr

Opening bell: Sensex opens 450 more points, Nifty is approaching 15,100; banks, metals rise

Indian indices opened higher on Tuesday, following gains in Asian stocks, which were higher, mainly aided by prospects of a global recovery and the passage of a US $ 1.9 trillion stimulus bill. . Nationally, all sectors saw widespread buying, with banks, financial services and metals providing the most support for indices. At 9:18 am, the Sensex was up 443 points to 50,884 while the Nifty rose 129 points to 15,085. The larger markets were also in line with the benchmarks with the midcap and smallcap indices rising by 0.7% and 0.9%, respectively. On the Nifty50 index, SBI Life, Grasim, UltraTech Cement, HDFC Bank and Hindalco were the main winners while BPCL, IOC, GAIL, UPL and Infosys led the losses.

Gasoline and diesel prices stable for tenth consecutive day

Petroleum marketing companies (WTO) maintained gasoline and diesel prices for the tenth day in a row on Tuesday. As a result, petrol prices in Delhi remained unchanged at Rs 91.17 per liter, while diesel prices maintained their price line of Rs 81.47 per liter in the nation’s capital, according to the Indian. Oil Corporation, the country’s largest fuel retailer. In Mumbai, the price of gasoline remained unchanged at Rs 97.57 per liter on Monday. The cost of diesel was also the same at Rs 88.60 per liter. Gasoline and diesel prices are reviewed daily by oil marketing companies such as Indian Oil, and any revisions are implemented starting at 6 a.m.

Gold prices rebound from 9-month low: expert discusses buying strategies

There are a couple of ways people buy gold, said Nirupama Soundararajan, senior researcher and research director at the Pahle India Foundation on Monday. Speaking in an interview with CNBC-TV18, she said, “There are a couple of ways people buy gold. First, the trigger was some kind of celebration or occasion. Second, buying gold where people save and buy. Third, ad hoc purchases; ad hoc purchases have always been at their lowest and it is probably through channels such as digital that ad hoc purchases occur. “Gold is not something you trade for the short term. Gold has always been a commodity you own for the medium to long term. Historically, the medium term seems like a great time to hold gold, which is anywhere from three to five years, because then you have a more realistic idea of ​​what’s going on in the economy, ”Soundararajan said. For more details, watch the video

Rise in oil prices following expected economic recovery, likely decline in oil stocks

Oil prices rose on Tuesday amid expectations of a global economic recovery after the US Senate approved a $ 1.9 trillion stimulus bill and a likely withdrawal of crude oil inventories in the United States. But a stronger dollar and fears of a disruption in Saudi Arabia’s oil supply after an attack on its oil facilities have subsided to price increases. Brent futures for May rose 32 cents, or 0.5%, to $ 68.56 a barrel at 0125 GMT, while US West Texas Intermediate (WTI) crude for April rose 19 cents , or 0.3%, to $ 65.24. On Monday, the price of Brent crude oil surpassed $ 70 a barrel after Yemen’s Houthi forces fired drones and missiles into the heart of Saudi Arabia’s oil industry, including a Saudi Aramco facility in Ras Tanura, vital for them. oil exports.

The dollar reigns supreme over returns and the recovery advantage

The US dollar held close to a 3.5-month high against its rivals on Tuesday as higher bond yields and expectations of faster economic normalization following the pandemic in the United States put the US currency at an advantage. The dollar index against six major currencies rose 0.1% to 92.469, its highest level since late November, building on its 0.5% gains on Monday. Against the yen, the dollar rose to 109.19 yen, its highest level in nine months, while the euro slipped to $ 1.18355, a low last seen in late November.

First up, here’s a quick look at what happened in the markets on Monday.

Indian indices stagnated on Monday as gains in metals and energy values ​​were capped by losses in financials and the FMCG space. Meanwhile, global stocks also fell as the US Senate’s passage of a $ 1.9 trillion stimulus bill put further pressure on Treasuries and tech stocks with high valuations, increasing inflation nervousness. The Sensex finished 36 points higher at 50,441 while the Nifty rose 18 points to 14,956. The wider markets, however, ended positive for the day with the midcap index up 0 , 3 percent and the smallcap index up 0.5 percent. On the Nifty50 index, UPL, GAIL, L&T, ONGC and SBI Life were the main gainers while IndusInd Bank, Shree Cement, Bajaj Finance, UltraTech Cement and Bajaj Auto led the losses. Among sectors, gains were seen in the energy, metals and information technology sectors, with indexes rising 0.4% to 1% each. Nifty Bank and Nifty Pharma also rose 0.2% each. Meanwhile, Nifty FMCG, Nifty Fin Services and Nifty Auto trailed frontline clues for the day.

Welcome to the CNBC-TV18 Market Live blog

Hello, readers! I’m Pranati Deva from the CNBC-TV18 market office. Welcome to our Market Blog, where we provide continuous live coverage of the latest developments in the stock market, business and economy. We’ll also bring you instant feedback and guests from our stellar lineup of TV guests and editors, researchers and journalists. If you are an investor, we wish you a great trading day. Good luck!