In overnight trade on Wall Street, US stocks finished sharply higher for a second straight day on Tuesday. Image: Reuters
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 are likely to open at fresh record highs on Wednesday following the post budget rally. Nifty futures were trading 50.50 points or 0.34 per cent up at 14,777.50 on Singaporean Exchange. In the previous session, BSE Sensex rallied by 1197.11 points (2.46%) to close at 49,797.72 whereas, Nifty rallied by 366.65 points (2.57%) to close at 14,647.85. In last two trading session, markets have risen by 7.5 per cent. The six-member monetary policy committee (MPC) headed by RBI Governor Shaktikanta Das is scheduled to meet for three days starting today, February 3. The resolution meeting would be announced on February 5. Besides, foreign institutional investors (FIIs) have made the highest single-day purchase of shares worth Rs 6,181.6 crore since November 27, 2020. Asian peers were trading mixed with the Shanghai composite down 0.63 per cent while the Shenzhen component shed 0.34 per cent. Japan’s Nikkei 225 rose 0.66 per cent. In overnight trade on Wall Street, US stocks finished sharply higher for a second straight day on Tuesday.
The Rs 1153.72-crore Home First Finance Company initial public offer, which saw 26.66 times subscription, is scheduled to make share market debut on Wednesday. The issue had received bids for 41.64 crore shares against 1.56 crore shares on offer. Following a bumper listing of Indigo Paints, analysts see strong listing of Home First Finance Company. The affordable housing firm was seen commanding a strong grey market premium.