Stock Market LIVE: GIFT Nifty Hints At Positive Open; BEL, Paras Defence, Muthoot Microfin Shares In Focus

Track live updates on major stock price movements, stock market news, and analysts' views.

The NSE Nifty 50 and BSE Sensex will likely open on a positive note.(Photo credit: Freepik)

Good morning, welcome to NDTV Profit's blog for real-time market coverage. The NSE Nifty 50 and BSE Sensex will likely erase losses from previous session on Wednesday morning. Asia stocks advanced as US data releases increased hopes for a rate cut in December, which will support the benchmark indices. The NSE Nifty 50 will find strong support at 25,500.

Stock Market LIVE: Gold Prices Rises To 1,25,760 Wednesday

Gold prices rose slightly Wednesday morning amid rising hopes for a rate cut in the upcoming policy meeting of the US Federal Reserve. Bullion prices rose 1% to Rs 1,25,760 per 10 grams.

For more details click here.

Stock Market LIVE: Bharti Airtel Shares In Focus As Mittal Family To Offload Rs 7,200-Crore Worth Shares

Shares of telecom giant Bharti Airtel Ltd. are in focus on Wednesday as promoter Mittal family is set to offload equity worth Rs 7,193 crore via large deals in the secondary market.

Indian Continent Investment Ltd., a foreign promoter entity, will float 3.43 crore shares or 0.56% equity at a floor price of Rs 2,096.7 apiece, according to the termsheet. The floor price represents a 3% discount to Tuesday's closing.

Also Read: Bharti Airtel Shares In Focus As Mittal Family To Offload Rs 7,200-Crore Worth Shares

Asia Markets LIVE: Japan's Nikkei 225 And South Korea's KOSPI Rise 2% On Fed Rate Cut Hopes 

Japan's Nikkei 225 and South Korea's KOSPI rose 2% on Wednesday as the US data releases icnreased hopes for a rate cut in December. The Nikkei 225 and KOSPI were trading 2.33% and 1.89% higher, respectively as of 7:39 a.m.

Also Read: US Stock Futures Rise As Mood Brightens, Oil Falls: Markets Wrap

LIVE: GIFT Nifty Hints At Positive Open; BEL, Paras Defence, Muthoot Microfin Shares In Focus

The GIFT Nifty was trading 0.09% or 24.50 points lower at 26,145 as of 7:02 a.m. However, the index is implying that the NSE Nifty 50 index may open 100 points higher.

Traders will keep an eye for India Glycols, Bharat Electronics Ltd., Paras Defence and Space Technologies Ltd., and Muthoot Microfin shares.

The NSE Nifty 50 closed 108.65 points or 0.42% lower at 25,959.5, while the BSE Sensex ended 331.21 points or 0.39% down at 84,900.71 on Monday.

Also Read: Trade Setup For Nov 26: Nifty Support Slips To 25,600 As Index Declines For Third Straight Day

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google