“Market now looking towards Q2 earnings and the potential of a Fed taper in the next month or so.â€
Reliance led from the front today with the broader markets seeing action across pockets like exchanges and select midcap names. State-run banks, which have heavy exposure to Air India, were sought after ahead of a press conference by the Civil Aviation Ministry.
As of 30-Jun-2021, promoters held 54.8 per cent stake in the company, while FIIs held 24.94 per cent and domestic institutional investors had 9.07 per cent.
A total of 95,694 shares changed hands on the counter till 02:12PM (IST)
“There are large plans around consumer, digital and also in chemicals and export of course. These are three or four sectors in which we are seeing a lot of plans and we hope that towards Q4 and of course next year, we will see a lot of demand coming in. â€
“RBI will manage liquidity, will be careful in inflation and is watching it and will take corrective action on the government’s borrowing programme. â€
​The S&P BSE Information Technology Index has gained more than 48% this year, trouncing the Nasdaq 100’s performance by about 31 percentage points and heading for the biggest annual beat since 2009.
On the technical charts, the 200-day moving average of the stock stood at Rs 81.19.
A total of 6,452 shares changed hands on the counter till 01:31PM (IST)
Nifty50’s one-year and two-year forward PE multiples are the highest among emerging market economies.
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