Nifty futures were trading 84.50 points or 0.56 per cent higher at 15,242.50 on Singaporean Exchange, indicating a gap-up start for BSE Sensex and Nifty 50 on Monday.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: The trend on SGX Nifty was largely positive, with Nifty futures trading 81 points or 0.53 per cent up at 15,239 on Singaporean Exchange.
The upward march of Sensex and Nifty could continue on Monday as SGX Nifty was up more than 75 points during the early hours of trade.
Ashok Leyland’s (AL) operating performance in Q3FY21 was below consensus estimates as EBITDA margin came in at 5.3%.
Q3FY21, Operating performance in line EIM’s standalone revenue and EBITDA of ~Rs 28bn and Rs 6.6bn, respectively, came broadly in line with our estimates.
A sustainable move above 15260 could pull Nifty towards new upside of 15400-15500 levels in the near term, according to technical analysts.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: On Friday morning, domestic equities could open in the red as SGX Nifty was trading 13 points lower.
Banking and financial services stocks underperformed the benchmarks in calendar year 2020, with Bank Nifty delivering a negative return of 2.8%, against Nifty’s 14.9%.
The Nifty has convincingly reversed the recent downtrend by moving up from a trend line support and convincingly closing above the 50 day SMA last Monday on the back of the Budget.
Domestic equity market benchmarks BSE Sensex and Nifty 50 were likely to see a gap-down start on Thursday as suggested by trends in SGX Nifty