Share Market: Flat opening seen in the stock market, market debut of these four companies including Devyani Int today

By Shivani Reddy On Aug 16, 2021

If we look at 9.45 in the morning, then the Sensex was trading at the level of 55,370.47 with a fall of 66.82 points or 0.12%. At the same time, there was a decline of 26.05 points or 0.16% in Nifty and the index was at the level of 16,503.05.

Devyani International, Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles are debuting in the stock market today. These companies had brought their IPOs last week. Devyani International is being discussed the most in this. The company was subscribed 117 times more times to the IPO.

With the opening of the market, about 1011 shares registered an increase and 1107 shares fell. 14 shares of BSE were open in green mark. The biggest gain was recorded in Tata Steel, M&M, Bajaj Finserv, ITC and NTPC. At the same time, the biggest fall is PowerGrid. Tech Mahindra, Bajaj Auto, Maruti and Kotak remained in the bank.

If we talk about the Asian markets, then the SGX Nifty had lost 40 points in the morning and the index was recorded at 16,488. At the same time, there was a decline of 0.2 percent on MSCI. There was a rise of 0.3 in the Chinese market. Japan’s Nikkei was down 1.8%.

Investors’ eyes will be on the global trend this week

Regarding the trading of this week, market analysts say that after the financial results of most companies for the June quarter are out, the eyes of the stock market investors will now be on the global trend. In the absence of major activity in the week with fewer trading days due to holidays, mainly the global trend will guide the market. The stock market will be closed on Thursday on the occasion of Muharram.

Swastik Investment Ltd. Head of Research, Santosh Meena said that on the domestic front, the inflation data based on the Wholesale Price Index will be released on Monday. Apart from this, the market will also be watching the trend of foreign institutional investors and the dollar index. Vinod Nair, Head of Research, Geojit Financial Services said, “Positive economic data indicates economic revival. The market is likely to remain bullish in the long run. However, a decline in the short term cannot be ruled out.

Last week, the 30-share BSE Sensex rose 1,159.57 points, or 2.13 per cent. On Friday, the standard index crossed the 55 thousand mark for the first time and reached the highest level of 55,487.79 points.