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Dealers are witnessing a strong rise in enquiries and order booking across segments, say analysts, anticipating strong sales in the festive season. But the shortage of semiconductor chips is hurting the sector.

The Dow Jones Industrial Average fell 8.46 points, or 0.02 per cent, at the open to 35,391.38.

“The uncertainty prevailing around growth is likely to decline. That is a very comfortable message for the government and the RBI. ”

NCDEX SOYDEX is a price based index that tracks the price movement in the futures contracts of its underlying - soybean and refined soy oil on a real-time basis. The weightage of soybean and refined soy oil in the index will be 67.92 percent and 32.08 percent, respectively.

In the international market, gold was trading higher at $1,815 per ounce and silver was flat at $24.16 per ounce.

FPI activity doesn’t indicate exuberance. On the contrary, they appear to be cautious. There is a significant change in FPI investment strategy in recent weeks. They are buying bonds aggressively for the first time in 2021 and persisting with selling in the equity markets.

The funds would be raised on private placement basis in one or more tranches, according to the notice for 52nd Annual General Meeting (AGM) to be held on September 24, 2021.

Nifty50 surpassed the psychologically important 17,000 mark and extended its move to close the day with a decent gain of more than 200 points. It formed a bullish candle and continued its winning streak for the seventh consecutive session.

Analysts said there are no signs of weakness and momentum on the index looks pretty strong, but feel the index could take some breather near the 17,200 level after seven days of relentless buying.

Sharp upswing in two sessions has taken Nifty50 to extreme overbought territory on shorter time frame charts and daily charts, which suggest that bouts of profit booking may be witnessed going ahead.