All-round buying is happening in the stock market. The Sensex and Nifty have gained about 0.20%. Investors are also taking interest in small and medium stocks. Nifty's mid-cap index has a strength of about 0.2%. The small-cap index has gained around 0.80%.
The domestic stock market started strong on the last trading day of the week. The market, which went to a record high on Thursday, is still in enthusiasm. The 30-share Sensex of BSE opened with a gain of 86 points at 53,244 while the 50-share Nifty of NSE gave a strong start of 34 points at 15,958.
The market is getting support from buying in pharma, FMCG and metal stocks. Nifty's pharma index is up to one and a half percent, Nifty IT is under buying pressure. As far as individual stocks are concerned, Sun Pharma, Divi's Lab, Cipla, ITC, Bharti Airtel, RIL, Asian Paint are strong. HCL Tech, Tech Mahindra, ICICI Bank, NTPC, Bajaj Finserv, Eicher Motor, ONGC are under selling pressure.
On Thursday, new records of all-time high were made in the market. The Sensex went to a high of 53,266 while the Nifty reached a high of 15,952. The closing of both the important stock indexes was also at all-time highs. Apart from technology companies, there was buying in real estate and cement stocks due to the favourable environment created in the foreign market and the end of the second wave of corona in the country.
The Sensex has gained 11.5% this year, while it has given a return of 47.50% in one year. Nifty has given a 14% return since January while it has jumped 50% in one year. The mid-cap index has gained 33% this year and 85% in one year. Small caps have given returns of 115% in one year and 46% this year.
The volatility index India VIX declined by 2.54%. The fall in this tells how much Nifty can climb on a yearly basis in the next 30 days. A rise in the India VIX from lower levels indicates increased movement with the market remaining firm.
Today is the last date for submitting applications to buy shares in Zomato's IPO. It got a total subscription of 4.79 times on the second day i.e. on Thursday. Most of the applications came from retail investors. Applications were received for about 4.73 times the number of shares reserved for this category. A retail investor can apply for shares up to Rs 2 lakh.
The IPO of specialty chemical manufacturing company Tatv Chintan is opening for subscription today. The company has raised Rs 150 crore by selling shares to the first anchor investor of the issue. Tattva Chintan has sold 13,85,040 shares at the rate of Rs 1,083 to those investors.
There is a weak trend in the Asian markets.
Japan's Nikkei is down more than one percent.
China's Shanghai Composite is down about 0.2%.
Korea's Kospi is trading up about 0.60%.
Australia's All Ordinary has a slight drop of less than 0.1%.
On Thursday, there was a mixed trend in the US markets. The Dow Jones closed with a gain of 0.15%. Nasdaq closed with a loss of 0.70%. The S&P 500 lost 0.33%. Like America, Europe also saw a sharp decline. Britain's FTSE index fell 1.12%. France's CAC index closed with a weakness of 0.99%. Germany's DAX fell 1.01%.
According to provisional data available on the NSE, on Thursday, July 15, foreign institutional investors (FIIs) sold shares worth a net Rs 264.77 crore. That is, the shares worth more rupees were sold than the number of shares bought. Domestic institutional investors (DIIs) had bought shares worth a net Rs 439.41 crore yesterday.
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