Nifty Continue To Move Higher This Week After Another Bumper Day for Burger King

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Nifty Continue To Move Higher This Week After Another Bumper Day for Burger King

By Aditya Raghunath -- The last 5-7 trading sessions have witnessed a sporadic pattern with Indian markets. They either open lower or drop in the red around mid-day and then the last 30-60 minutes witness harried buying as the markets end in the green.

Today was no different as the Nifty and BSE Sensex saw profit booking until 2 PM before markets made a sharp rally and ended with very modest gains. Nifty was up 0.07% and BSE Sensex 30 ended up 0.02%. Bajaj Finance (NS: BJFN ) closed up 5.13% while Bajaj FinServ gained 4.18% today. Eicher Motors (NS: EICH ) ended up 3.1%.

Subscribers who were lucky to have gotten allotted Burger King India Ltd (NS: BURG ) shares had another bumper day with shares rising up 20% to Rs 162. Burger King shares are now up 170% from their issue price of Rs 60.

Nifty Auto ended up 0.62% while Bank Nifty was down 0.18% today. HDFC Bank (NS: HDBK ), however, bucked the trend to gain 1.48% at day’s close. Crude oil continues to hold strong over $47.

Other big news

The U.S. Food and Drug Administration will release its analysis of data from the stage 3 trial of Moderna’s Covid-19 vaccine, a preliminary step toward the granting of emergency use authorization, which may come by the end of the week.

The European Union added to Big Tech’s regulatory woes, publishing a draft regulation on digital services and markets with provisions allowing it to break up companies if they repeatedly offend.

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  • Saravanan Jayapal @Saravanan Jayapal
    Making good money in this bull run. Thanks to FIIs buying.
    Like 1
  • krishna kumar @krishna kumar
    don't know the direction continually forming doji
    Like 0
  • Rakesh Prasad @Rakesh Prasad
    Nifty just taking a breath before long run to 14000.
    Like 0
  • vinod gupta @vinod gupta
    it is so stretched now can break any time ,balloon is ready to burst, be safe and careful
    Like 0
  • narayan mohapatra @narayan mohapatra
    pump the balloon till it became bubble 🤣
    Like 1

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