Ajit Mishra, VP- Research at Religare Broking, sees Sensex at 62,500 and Nifty50 at 18,700 in the run-up to Budget 2022
The Nifty Realty index was trading 1.82 per cent up at 507.0.
In July-September, NMDC posted an over 10 per cent rise in consolidated net profit at Rs 772.53 crore on account of reduced expenses. The company had clocked Rs 701.54 crore net profit in the year-ago quarter.
A total of 2,292 shares changed hands on the counter till 11:01AM (IST)
The global crypto market cap was up by almost 3 per cent to $2.01 trillion mark compared to the last day. However, the total crypto market volume dropped over 13 per cent to $88.53 billion.
Ravi Singh, Vice President and Head of Research, ShareIndia expects gold prices to remain volatile ahead of the US inflation data. "The expectation of an early rate hike may keep a check on the gold rally," he added.
Ceat Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 4667.74 Crore) operating in Tyres sector.
"So we think that the company will survive, and the government is also trying its best to see that it does not default."
Oil prices climbed on Wednesday, extending big gains in the previous session after the U.S. Federal Reserve chief signalled the central bank may raise rates more slowly than expected, which should support oil demand in the near term.
Stocks and commodities rose in relief and the dollar hit a six-week low on Wednesday, after Federal Reserve Chair Jerome Powell sounded less hawkish than expected in testimony to Congress, as he charts a path out of pandemic policy settings.
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