Market Live: Sensex off low point, Nifty hovers around 11,100; banks, autos decline.

Among sectors, banks, automobiles, and pharmaceuticals have taken a hit, while metals and IT names are the big gainers.

Market Update Benchmarks are off their low points, with the Sensex trading lower by around 150 points. The Nifty is hovering around 11,100-mark. 

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Among sectors, banks, automobiles, and pharmaceuticals have taken a hit, while metals and IT names are the big gainers. The Nifty Midcap index is down over a percent. 

At 10:24 hrs IST, the Sensex is down 142.55 points or 0.39% at 36699.05, while the Nifty is down 57.20 points or 0.51% at 11085.90. The market breadth is negative as 518 shares advanced, against a decline of 1,554 shares, while 111 shares were unchanged.

Market Update Equity benchmarks have extended their losses, with the Nifty trading below 11,100. The Sensex is down over 200 points.

At 09:54 hrs IST, the Sensex is down 201.43 points or 0.55% at 36640.17, while the Nifty is down 68.60 points or 0.62% at 11074.50. The market breadth is negative as 523 shares advanced, against a decline of 1,319 shares, while 96 shares were unchanged.

Shares of Infosys, Vedanta, and ONGC are the top gainers, while Maruti Suzuki, M&M, Bajaj Finance and Indiabulls Housing have lost the most.

Buzzing stock: Shares of  Usha Martin jumped about 8 percent at open after the company signed an agreement with Tata Steel.

Tata Steel on Saturday said it will acquire Usha Martin's steel unit, but did not specify the deal amount.

Shares of Usha Martin closed in on a 52-week high of Rs 36.40. But the stock cooled off soon after.

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Market opens Equity benchmarks have turned negative after witnessing a mildly higher start. The Nifty is hovering around 11,100, while the Sensex is down around 50 points lower.

The Sensex is down 50.16 points or 0.14% at 36791.44, while the Nifty is down 18.30 points or 0.16% at 11124.80. The market breadth is negative as 465 shares advanced, against a decline of 554 shares, while 70 shares were unchanged.

ONGC, Infosys, Cipla and Tech Mahindra are the top gainers, while Yes Bank, Maruti, and Bajaj Finance are the top losers.

Oil marketing companies are taking a hit on the back of higher crude oil prices. It is also having a resultant impact on aviation stocks.

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Market Live: Nifty hovers around 11,400, Sensex down 400 points; HDFC, RIL, SBI top losers

Global markets are reacting to escalating trade war tensions, while a weak rupee is also weighing on indices.

Market Update: The benchmark indices are trading lower with Nifty hovering around 11,400 marks and Sensex is down 410.48 points at 37,680.16.

About 966 shares have advanced, 1328 shares declined, and 157 shares are unchanged.

HDFC Bank, Reliance Industries, HDFC, Infosys and ITC are the negative contributors to the Sensex.

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 Bank Nifty declines over 1%: The Bank Nifty is taking it on the chin on this Monday morning, falling over a percent. The sharp fall in rupee is weighing on the lender stocks. The index gave up 27,000-mark and is down over 300 points.

Among stocks, Bank of Baroda, State Bank of India, IndusInd Bank, ICICI Bank, and Axis Bank, among others are trading weak. Here is a look at the charts on how the sector has performed so far.

Rupee Update: Forex dealers have said that banks are likely to have placed fresh dollar bets as government steps have failed to lift the rupee, CNBC-TV18 reported, quoting news agency Cogencis.

Selling is intensifying on the market in the first half 20 minutes of trade.

At 09:33 hrs IST, the Sensex is down 351.78 points or 0.92% at 37738.86, while the Nifty is lower by 107.60 points or 0.93% at 11407.60. The market breadth is negative as 607 shares advanced, against a decline of 965 shares, while 102 shares are unchanged.

Wipro, Sun Pharma, and HCL Technologies are the top gainers, while Axis Bank, State Bank of India, Titan and Indiabulls Housing have lost the most.

Global markets are reacting to escalating trade war tensions, while a weak rupee is also weighing on indices.

Market Update: The benchmark indices are trading lower with Nifty hovering around 11,400 marks and Sensex is down 410.48 points at 37,680.16.

About 966 shares have advanced, 1328 shares declined, and 157 shares are unchanged.

HDFC Bank, Reliance Industries, HDFC, Infosys and ITC are the negative contributors to the Sensex.

Bank Nifty declines over 1%: The Bank Nifty is taking it on the chin on this Monday morning, falling over a percent. The sharp fall in rupee is weighing on the lender stocks. The index gave up 27,000-mark and is down over 300 points.

Among stocks, Bank of Baroda, State Bank of India, IndusInd Bank, ICICI Bank, and Axis Bank, among others are trading weak. Here is a look at the charts on how the sector has performed so far.

Rupee Update: Forex dealers have said that banks are likely to have placed fresh dollar bets as government steps have failed to lift the rupee, CNBC-TV18 reported, quoting news agency Cogencis.

Selling is intensifying on the market in the first half 20 minutes of trade.

At 09:33 hrs IST, the Sensex is down 351.78 points or 0.92% at 37738.86, while the Nifty is lower by 107.60 points or 0.93% at 11407.60. The market breadth is negative as 607 shares advanced, against a decline of 965 shares, while 102 shares are unchanged.

Wipro, Sun Pharma, and HCL Technologies are the top gainers, while Axis Bank, State Bank of India, Titan and Indiabulls Housing have lost the most.

IT stocks rally: Shares of information technology stocks are trading in the green as a weaker rupee is making investors bet big on this sector. Mindtree, Tata Elxsi, Wipro, Infosys, and TCS, among others, are soaring amid a weak rupee. The shares are higher by 1-2 percent.

RUPEE FALLS FURTHER: The Indian rupee has extended its losses from its opening levels. The currency fell to 72.67 per US dollar mark in the morning trade as investors may not have been impressed by the government measures announced over the weekend. 

On Friday, the government announced a five-point strategy to arrest the rupee’s slide, after a late evening meeting that the prime minister took with Jaitley and Reserve Bank of India (RBI) Governor Urjit Patel, among others.

The measures include removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June and check the rupee’s fall

Market opens: It’s a gap-down opening on the market on this Monday morning, with the Nifty shedding 90 points in the opening tick. The Sensex is lower by over 200 points.

Weakness in Asian markets along with a further selloff in the rupee, which fell 1 percent, are weighing on the indices.

The Sensex is down 248.84 points or 0.65% at 37841.80, while the Nifty is down 90.20 points or 0.78% at 11425.00. The market breadth is negative as 318 shares advanced, against a decline of 342 shares, while 93 shares were unchanged.

Yes Bank, Tata Motors, Indiabulls Housing and Titan are the top losers, while Wipro, TCS, and HCL Technologies have lost the most. 

Rupee opens The Indian rupee slipped in the early trade on Monday. It opened lower by 67 paise at 72.52 per dollar versus 71.85 Friday.

The government on Friday announced an array of steps, including removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June, and check the rupee’s fall against the dollar.

Navneet Damani of Motilal Oswal Financial Services said, "The recent high is likely to pose short-term resistance to the pair and consolidation within support at Rs 70.80-71.30 and resistance at Rs 72.50-72.90 zone could be expected for the next 1-2 weeks."
 Shares of information technology stocks are trading in the green as a weaker rupee is making investors bet big on this sector. Mindtree, Tata Elxsi, Wipro, Infosys, and TCS, among others, are soaring amid a weak rupee. The shares are higher by 1-2 percent.

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RUPEE FALLS FURTHER: The Indian rupee has extended its losses from its opening levels. The currency fell to 72.67 per US dollar mark in the morning trade as investors may not have been impressed by the government measures announced over the weekend. 

On Friday, the government announced a five-point strategy to arrest the rupee’s slide, after a late evening meeting that the prime minister took with Jaitley and Reserve Bank of India (RBI) Governor Urjit Patel, among others.

The measures include removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June and check the rupee’s fall

Market opens: It’s a gap-down opening on the market on this Monday morning, with the Nifty shedding 90 points in the opening tick. The Sensex is lower by over 200 points.

Weakness in Asian markets along with a further selloff in the rupee, which fell 1 percent, are weighing on the indices.

The Sensex is down 248.84 points or 0.65% at 37841.80, while the Nifty is down 90.20 points or 0.78% at 11425.00. The market breadth is negative as 318 shares advanced, against a decline of 342 shares, while 93 shares were unchanged.

Yes Bank, Tata Motors, Indiabulls Housing and Titan are the top losers, while Wipro, TCS, and HCL Technologies have lost the most. 

Rupee opens The Indian rupee slipped in the early trade on Monday. It opened lower by 67 paise at 72.52 per dollar versus 71.85 Friday.

The government on Friday announced an array of steps, including removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June, and check the rupee’s fall against the dollar.

Navneet Damani of Motilal Oswal Financial Services said, "The recent high is likely to pose short-term resistance to the pair and consolidation within support at Rs 70.80-71.30 and resistance at Rs 72.50-72.90 zone could be expected for the next 1-2 weeks."

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Market Live: D-Street extends losses on weak rupee, Sensex down over 200 points; Nifty breaks 11,500

 Market Live: D-Street extends losses on weak rupee, Sensex down over 200 points; Nifty breaks 11,500

Tepid global market movements along with a weakness in the Indian currency are likely to have weighed on the market.

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Market Update: A sharp selloff in the Indian rupee has dragged equity benchmarks on this Monday morning. The Sensex is down over 200 points, while the Nifty is testing 11,500-mark as well. The Indian currency has seen a steep fall of 59 paise to 72.34 per US dollar. Apart from that, weakness in automobiles, banks, and energy names are weighing on indices.

Midcaps, too, are trading in the red, down 0.25 percent on the Nifty Midcap index. Shares of Axis Bank jumped 5 percent after a successor to Shikha Sharma was announced, while Tata Motors fell 2 percent after its total JLR sales took a hit.

At 10:00 hrs IST, the Sensex is down 235.99 points or 0.61% at 38153.83, while the Nifty is down 77.20 points or 0.67% at 11511.90. The market breadth is narrow as 949 shares advanced, against a decline of 915 shares, while 97 shares were unchanged.

Tata Motors falls 2%: Shares of Tata Motors fell 2 percent on Monday morning as investors reacted to a fall in its Jaguar Land Rover (JLR) sales for August.

The stock touched an intraday high of Rs 276.30 and an intraday low of Rs 272.00.

JLR reported a fall of 4.9 percent (year-on-year) in its August sales at 36,629 units. The company’s retail sales were up 7.7 percent at 11,802 units on a YoY basis. 

Retail sales were up in the UK (64.9%), overseas markets (20.2%) and North America (2.5%), with Europe slightly below last year (3.1%), waiting for last WLTP certifications.

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“The China market remains unsettled following tariff changes and trade tensions (down 38.1%), although the reduction in duty from 25% to 15% is expected to be beneficial over the full year,” the company wrote in an exchange filing. 

Market opens: It’s a red start to the truncated week, with the Sensex shedding over 100 points, while the Nifty fell below 11,600.

Tepid global market movements along with a weakness in the Indian currency are likely to have weight on the market. The Indian currency opened at another record low of 72.18 per US dollar, continuing its bearish move in the past few sessions. 

The Sensex is down 116.02 points or 0.30% at 38273.80, while the Nifty is lower by 25.90 points or 0.22% at 11563.20. The market breadth is narrow as 460 shares advanced, against a decline of 440 shares, while 65 shares were unchanged.

Shares of Axis Bank and Infosys are the top gainers, while Sun Pharma, Kotak Mahindra Bank, and Indiabulls Housing have lost the most. Axis Bank’s shares are higher after it announced a successor to Shikha Sharma. Sun Pharma, meanwhile, is down on reports of fresh inspection by US FDA at its Mohali unit. 

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Market Live: Nifty trades below 11,500, Sensex around 38K; Zee Entertainment top loser

All major sectors are trading in the green, with maximum surge seen among pharmaceuticals, PSU banks and energy names, among others. The Nifty Midcap index is higher around half a percent.

Buzzing: Shares of Bharti Infratel touched the 52-week low of Rs 266, down nearly 2 percent as its consolidated revenue to reduce by Rs 780 crore per annum from the merger of Vodafone-Idea.

On completion of Vodafone-Idea merger Bharti Infratel and Indus Towers, where the company holds 42% equity, have received exit notices, which would result in the exit of 27,447 co-locations for the company on a consolidated basis.

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Buzzing: Shares of Persistent Systems added 5.2 percent as the company acquired Herald Health, a startup created to transform the data overload swamping healthcare professionals into clear and actionable insights.

The enterprise value payable for the acquisition of 100 percent shares of Herald is USD 5.2 million, subject to customary adjustments for working capital.

Market Update: Equity benchmarks have held on to their morning gains, with the Sensex rising over 100 points. The Nifty has maintained trading above 11,500-mark as well.

All major sectors are trading in the green, with maximum surge seen among pharmaceuticals, PSU banks, and energy names, among others. The Nifty Midcap index is higher around half a percent.

Among stocks, Power Grid, Tata Steel, and UltraTech Cement are the top gainers, while ONGC, Vedanta, Zee Entertainment and Hindalco have lost the most. 

The Sensex is up 133.57 points or 0.35% at 38151.88, and the Nifty up 36.20 points or 0.32% at 11513.20. The market breadth is positive as 1,393 shares advanced, against a decline of 729 shares, while 131 shares were unchanged.

Buzzing stock: Shares of Bharat Forge were higher by 3 percent on Thursday morning as investors cheered Credit Suisse’s maintaining outperform rating on the stock with a target of Rs 750.

The stock touched an intraday high of Rs 681.95 and an intraday low of Rs 669.70.

The global research firm highlighted how the macro situation is still favorable amid strong execution by the firm as well.

With the depreciation in rupee, it reckons that companies exporting to developed markets will benefit. It also observed that 60 percent of the revenues come from exports to the US and Europe.

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Market opens: After sluggish moves on Wednesday, the market has made a good start on Thursday morning. The Nifty hit 11,500 in the opening tick. The Sensex is higher by 100 points.

Major sectoral indices are trading in the green, with pharmaceuticals, metals, auto, and FMCG leading the charts, while there is the weakness in IT names. Among broader markets, the Nifty Midcap index is higher by almost a percent.

Among shares, Tata Motors, Coal India, and UltraTech Cement have gained the most, while NTPC, Adani Ports, Zee Entertainment and Bharti Infratel are the top losers. 

The Sensex is up 102.49 points or 0.27% at 38120.80, and the Nifty up 11.60 points or 0.10% at 11488.60. The market breadth is positive as 539 shares advanced, against a decline of 164 shares, while 44 shares were unchanged.

Rupee Opens: The Indian rupee opened higher by 13 paise at 71.62 per dollar on Thursday versus 71.75 Wednesday.

In yesterday's session, the rupee plunged to a record low of 71.96 per dollar before it finishes the day at 71.75, down 19 paise from the Tuesday's closing of 71.56.

The rupee fell for the sixth consecutive day and lost 165 paise in the last six trading sessions.

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Market Live: Sensex marginally off its high point, Nifty manages to hold 11,700; metals extend gains

IT, metals and pharma have extended their gains, while, autos are trading higher too. Energy stocks are seeing some weakness, with the Nifty energy index falling 0.2 percent.

Market Outlook: GDP growth at 8.2 percent for the June quarter is a strong sign but the number itself should not be taken as a strong indicator of growth, Neelkanth Mishra, MD and India economist and strategist, Credit Suisse said in an interview with CNBC-TV18.

If we analyze the June quarter results for companies, most of the results have come off from a weak or a low base highlights Mishra.

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If we remember the period in the run-up to the start of the Goods & Services Tax (GST) regime, there was significant inventory reduction in the economy which led to a fall in industrial growth last year.

Market Update: Shares are marginally off their high points, but the Nifty is managing to hold 11,700. The Sensex is trading above 38,700-mark as well.

The Bank Nifty is trading flat with a negative bias, while all other sectoral indices are trading in the green. IT, metals and pharma have extended their gains, while, autos are trading higher too. Energy stocks are seeing some weakness, with the Nifty energy index falling 0.2 percent. In the broader market, the Nifty Midcap is up around a percent. 

The Sensex is up 79.67 points or 0.21% at 38724.74, and the Nifty up 23.20 points or 0.20% at 11703.70. The market breadth is positive as 1,461 shares advanced, against a decline of 860 shares, while 108 shares are unchanged.

ICICI Bank falls 1.5%: Shares of ICICI Bank fell over 1.5 percent on Monday morning as investors turned wary of reports around Chanda Kochhar and family.

The stock touched an intraday high of Rs 345.00 and an intraday low of Rs 337.30.

The panel headed by Justice BN Srikrishna will examine property dealings undertaken by Chanda Kochhar and her family since she took over as CEO of ICICI Bank.

According to an Economic Times report, the board of ICICI Bank has requested the panel to determine whether the Kochhar family acquired the assets at concessional or rates lower than that prevailing in the market.

The panel will also probe whether sellers of these assets were granted special terms of loans or any other banking privileges with the bank. The report quoted Justice Srikrishna as confirming he is investigating allegations that were raised by a whistle-blower.

Market Update: Gains in IT, pharma and automobiles have helped the market offset losses in banks on Monday morning, with the Nifty continuing to hold 11,700. The Sensex is up over 100 points. Tech stocks are soaring on the back of a huge upmove on Wipro, which is currently up around 6 percent. The rally is spilling over to other IT stocks as well. 

Automobile stocks are also rising as investors are reacting to their monthly sales data for August. Buying counters are also buzzing in the midcaps space, with the Nifty Midcap index extending gains to around half a percent. Other big gainers include Bajaj Auto, and Lupin, while ICICI Bank, Maruti Suzuki and Bajaj Finance have lost the most.

The Sensex is up 127.93 points or 0.33% at 38773.00, while the Nifty is up 29.00 points or 0.25% at 11709.50. The market breadth is positive as 1,115 shares advanced, against a decline of 621 shares, while 100 shares are unchanged.

Market opens: It’s a good start on this Monday morning on D-Street as investors are betting on positive GDP data for the June quarter of this fiscal. The figure rose to 8.2 percent in Q1 of FY19.

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The Sensex is up 149.60 points or 0.39% at 38794.67, while the Nifty is up 36.50 points or 0.31% at 11717.00. The market breadth is positive as 398 shares advanced, against a decline of 112 shares, while 36 shares were unchanged.

Among sectors, banks are trading flat, while pharmaceuticals and IT are the lead gainers among other indices. Metals and infrastructure are also in the green. The Nifty auto is trading higher on the back of auto sales data for August. In the broader markets, the Nifty Midcap index is up over quarter of a percent.

The Indian economy grew 8.2 percent in April-June this year, the highest in two years, amid signs that households are buying more and companies, are adding capacities, shrugging off the disorderly effects of the twin shocks of demonetization and the goods and services tax (GST).

Shares of Wipro are higher by 6 percent after it signed its biggest deal.

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Market Live: Sensex up over 100 points, Nifty manages to stay above 11,700; metals surge

NTPC, Tata Motors, and Hindalco are the top gainers, while Yes Bank, Hero MotoCorp, and Titan continue to be the top losers.

Buzzing: Share price of HIL rose 6 percent as the company completed the acquisition of Germany based Parador Holdings GmbH.

The company through its wholly owned subsidiary, HIL International GmbH, Germany has completed the acquisition of Parador Holdings GmbH after receiving all necessary regulatory approvals including anti-trust approvals from the German Federal Republic.

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The all-cash consideration is being funded by HIL through a combination of Euro debt, INR debt, and internal accruals.

Market Update: Bulls are getting the momentum back in their favor. The Sensex is up over 100 points, while the Nifty is managing comfortably to stay above 11,700.

The Sensex is up 140.60 points or 0.36% at 38834.71, while the Nifty is up 40.10 points or 0.34% at 11732.10. The market breadth is positive as 1,059 shares advanced, against a decline of 1,056 shares, while 133 shares were unchanged.

NTPC, Tata Motors, and Hindalco are the top gainers, while Yes Bank, Hero MotoCorp, and Titan continue to be the top losers.

Market Update: After opening at fresh record highs, equities have erased some of their gains on the back of selling in banks. The Bank Nifty is down one-third of a percent. Weakness in midcaps, too, has weighed on the indices.

The Nifty is now trading just above 11,700-mark. Other sectoral gainers include pharmaceuticals, IT and energy names. Among stocks, shares of Jet Airways rose 3 percent, even as the airline reported a loss of Rs 1,300 crore for the June quarter.

Meanwhile, RIL has hit another milestone, touching Rs 1,300 apiece.

The Sensex is up 80.75 points or 0.21% at 38774.86, while the Nifty is up 24.00 points or 0.21% at 11716.00. The market breadth is narrow as 913 shares advanced, against a decline of 909 shares, while 108 shares were unchanged.

Market Opens: It’s another record high start for the market on Tuesday morning, with the Nifty hitting 11,700 for the first time, while the Sensex rose over 150 points to hit another record high in the opening trade.

The Sensex is up 182.75 points or 0.47% at 38876.86, while the Nifty is up 56.30 points or 0.48% at 11748.30. The market breadth is positive as 602 shares advanced, against a decline of 216 shares, while 47 shares were unchanged.

Among top gainers are Kotak Mahindra Bank, M&M, HDFC, Lupin and Page Industries, while Yes Bank, HPCL, Titan, and BPCL have lost the most.

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Rupee Opens: The Indian rupee opened higher by 14 paise at 70.02 per dollar on Tuesday versus previous close 70.16.

Rupee consolidated in abroad range for the tenth consecutive sessions despite weakness in the dollar against its major crosses. Yesterday, the dollar was weighed down after US and Mexico agreed to overhaul the NAFTA, putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact, said Motilal Oswal.

US president threatened he still could put tariffs on Canadian-made cars if Canada did not join its neighbors and warned he expected concessions on Canada’s dairy protections.

Today, USD-INR pair is expected to quote in the range of 69.80 and 70.20, it added.

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Market Live: Sensex extends gains to 350 points post record high opening, Nifty hits 11,650

Buying counters were buzzing the most among banks as well as metals, along with FMCG, infrastructure, IT and pharmaceuticals, among others. Midcaps, too, added to the gain, with the Nifty Midcap index surging almost a percent.

Market Update: It’s a strong trading day for the market on this Monday morning, with benchmarks clinching fresh record highs. The Sensex is up over 350 points, while the Nifty has hit 11,650 as well.

Buying counters were buzzing the most among banks as well as metals, along with FMCG, infrastructure, IT and pharmaceuticals, among others. Midcaps, too, added to the gain, with the Nifty Midcap index surging almost a percent. Strong global cues are also helping D-Street. 

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At 09:50 hrs IST, the Sensex is up 350.21 points or 0.92% at 38602.01, and the Nifty up 99.30 points or 0.86% at 11656.40. The market breadth is positive as 1,273 shares advanced, against a decline of 512 shares, while 116 shares were unchanged.

Among shares, Future Retail is up 3 percent on a report of Paytm, Google eyeing 7-10% stake in the firm, while RIL is up 1 percent on the buzz of Jio becoming second largest telco by revenue market share.

Market opens: It’s a good start to this Monday morning on D-Street as equities rode on positive global sentiment. The Sensex and Nifty have hit fresh record highs. The 50-share index is also trading above 11,600.

Banks and metals are leading the charts among sectoral indices, while pharmaceuticals, FMCG, and infrastructure are following them. There is strong growth in midcaps seen as well, with the Nifty Midcap gaining around a percent.

The Sensex is up 204.70 points or 0.54% at 38456.50, while the Nifty is up 62.60 points or 0.54% at 11619.70. The market breadth is positive as 447 shares advanced, against a decline of 120 shares, while 61 shares were unchanged.

State Bank of India, Yes Bank, and Hindalco are the top gainers, while Wipro, TCS, and Bharti Infratel have lost the most.

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Rupee opens: The Indian rupee gained in the opening trade on Monday. It has opened higher by 15 paise at 69.76 per dollar versus 69.91 Friday.

On Friday, Rupee rose following weakness in the dollar against its major crosses and ahead of Fed chairman statement at the Jackson Hole Symposium. In the recent past, the rupee has been under pressure primarily on the back of global factors than domestic factors, said Motilal Oswal.

Broad dollar strength has been one of the major factors that led to weakness in major Asian currencies and rupee has been one of the weakest of the pack. Data released by RBI showed FX reserves for the week ended August 24 remained more or less unchanged compared to previous week at USD 400.84 billion.

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Market Live: Sensex up 250 points; Nifty holding above 11,500; Infra up 2%, PSU bank gains

Among sectors, barring IT index all other sectoral indices are trading higher led by metal, bank, energy, infra and pharma. The Nifty Midcap index is also up over half a percent.

Buzzing: Infosys slipped over 3 percent in morning trade on Monday after the company on Saturday announced that its Chief Financial Officer M D Ranganath has stepped down to pursue “professional opportunities in new areas”.

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The stock which rallied by about 40 percent in 2018 came under pressure. The index breached its crucial psychological support at Rs 1400.

At 09:40 hrs Infosys was quoting at Rs 1,395.70, down Rs 35.65, or 2.49 percent on the BSE.

Market opens: Strong start for the D-Street, following positive global cues as Nifty surpassed 11,500 for the first time, while the Sensex is up around 150 points.

Among sectors, barring IT index all other sectoral indices are trading higher led by metal, bank, energy, infra, and pharma. The Nifty Midcap index is also up over half a percent.

At 09:16 hrs IST, the Sensex is up 154.63 points or 0.41% at 38102.51, and the Nifty up 41.40 points or 0.36% at 11512.20. About 688 shares have advanced, 243 shares declined, and 57 shares are unchanged.

Infosys shed 3 percent on CFO resignation, while shares of Yes Bank, RIL, Future Retail are among major gainers. L&T surged 4 percent as a board to consider buyback on August 23.

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Rupee Opens: The Indian rupee gained in the early trade on Monday. It has opened strong at 69.83 per dollar, a gain of 32 paise versus previous close 70.15.

Technically now USD-INR s getting support at 70.1075 and below same could see a test of 69.96 level, and resistance is now likely to be seen at 70.4475, a move above could see prices testing 70.64, according to LKP report.

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Market Live: Banks continue to weigh on Sensex, Nifty; IT gains post rupee’s fall

Banks have continued to be weak along with auto, energy and metal names. Traditional defensives IT and pharma are trading in the green.

Market Update: Banks have continued to be weak along with auto, energy and metal names. Traditional defensives IT and pharma are trading in the green.

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Equity benchmarks have continued to trade in the red on Monday morning. The Sensex is down over 250 points, while the Nifty is hovering around 11,350-mark.

At 10:29 hrs IST, the Sensex is down 261.15 points or 0.69% at 37608.08, and the Nifty down 75.00 points or 0.66% at 11354.50. The market breadth is negative as 721 shares advanced, against a decline of 1,365 shares, while 106 shares were unchanged.

Banks have continued to be weak along with auto, energy and metal names. Traditional defensives IT and pharma are trading in the green. 

Brokerages on HDFC Bank: Shares of HDFC Bank were down around 2 percent on Monday morning, following an abrupt resignation by Deputy MD Paresh Sukthankar last week.

Global research firm Nomura believes that the exit is a small, near-term negative and that the potential MD&CEO candidate could be an outsider now. It also highlighted that the timing of this & notice period of 3 months matches with the change in guard at Axis Bank. It reiterated that the speculation in the market is also pointing towards that. Should this event take place, there could a re-rating on Axis Bank.

Meanwhile, Citi said that some investors could show concern as the development has come around the QIP issue. Puri had indicated in analyst meet in 2018 that external & internal candidates will be considered, the report highlighted.

Macquarie, on the other hand, said that the early resignation has come in as a surprise. At the margin this development is negative, it said, adding that the bank will manage the challenge well. It also believes that Sukthankar will be a good fit for Axis Bank.

Buzzing: Shares of NBCC fell 6.2 percent in the early trade on Monday despite company reported better numbers in the quarter ended June 2018.

The company's Q1 consolidated net profit was up 23.9 percent at Rs 73.2 crore versus Rs 59.1 crore in a year ago period.

Revenue was up 19.1 percent at Rs 1,844 crore versus Rs 1,548.9 crore.

The company has received an order from Central Board of Secondary Education (CBSE) for construction of CBSE, Integrated Office Complex at Sector-23, Dwarka, New Delhi amounting to Rs 150 crore.

Market Opens: Bears took the control on the D-street as the benchmark indices opened lower on Monday morning, with the Nifty trading around 11,350, while the Sensex trading around 37,600.

The Sensex is down 268.42 points at 37600.81, and the Nifty down 73.80 points at 11355.70. About 347 shares have advanced, 846 shares declined, and 71 shares are unchanged.

Nifty Bank down 1 percent as banking stocks were under pressure post the rupee touched a record low of 69.49 in the opening trade on Monday.

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SBI, Vedanta, Indiabulls Housing, Hindalco, UPL, Bharti Airtel, Union Bank, NBCC, Jet Airways, Tata Motors, Nalco are among the major losers on indices, while Dr. Reddy's Lab, Sun Pharma, TCS, Corporation Bank are trading with marginal gains.

Rupee opens at record low: The Indian rupee slipped to a record low as it fell 66 paise in the early trade on Monday.

It has opened at 69.47 per dollar on Monday versus 68.83 Friday.

The dollar-rupee August contract on the NSE was at 68.99 in the previous session. August contract open interest declined 1.86% in the previous day, said ICICIdirect.

We expect the USD-INR to find supports at lower levels. Utilise downsides in the pair to initiate long positions, it added.

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Market Live: Sensex, Nifty give up gains after opening at record high; Adani Ports down 6%

Metal remains the top gainer, while banks, pharma, and energy names are in the red.

Buzzing: Shares of Suven Life Sciences rose 1.6 percent as company secured 1 patent each from Mexico and New Zealand.

The new patents are corresponding to the new chemical entities for the treatment of disorders associated with Neurodegenerative diseases and patents are valid through 2030 and 2036 respectively.

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Market Update: After beginning the day at record highs, shares have given up all of their gains and trading around the flat line. The Nifty has given up 11,400-mark as well. A drag in financials, which were the biggest gainers on Monday, has hit the market on Tuesday morning.

The Sensex is up 9.05 points or 0.02% at 37700.94, while the Nifty is up 2.80 points or 0.02% at 11389.90. The market breadth is positive as 1,078 shares advanced, against a decline of 625 shares, while 94 shares are unchanged.

Among sectoral indices, metal remains the top gainer, while banks, pharma, and energy names have lost the most. The Midcap index too has lost some sheen and is up just around 0.10 percent. Among stocks, shares of Adani Power have fallen 10 percent intraday after the firm’s net loss widened to Rs 825 crore in the June quarter. Metal stocks are up in trade, with gains from Vedanta and Hindalco aiding the rally.

Market Opens: Equity benchmarks have begun the day on a record high note, with the Nifty trading comfortably above 11,400. The Sensex has risen over 100 points.

The Sensex is up 115.50 points or 0.31% at 37807.39, while the Nifty is up 32.00 points or 0.28% at 11419.10. The market breadth is positive as 464 shares advanced, against a decline of 119 shares, while 60 shares are unchanged.

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All sectoral indices are trading in the green, with maximum gain seen in auto names. IT, metals and pharma space is also trading higher. In the broader markets, the Nifty Midcap index is up over one-third of a percent.

Infosys, M&M, Hindalco, and GAIL are the top gainers, while Adani Ports and ICICI Bank have lost the most. 

Rupee opens: The Indian rupee opened marginally lower at 68.91 per dollar on Tuesday versus previous close 68.88.

The dollar-rupee August contract on the NSE was at 69.04 in the previous session. August contract open interest increased almost 6.09% in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

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Market Live: Nifty above 11,300; Sensex up over 250 points; PSU banks, midcap up 1%

All sectoral indices are trading in the green, with gains in pharma, metals, energy and auto names, while midcaps have seen a strong start as well.

Buzzing: Shares of a multiplex chain, PVR, rose around 10 percent on Friday morning as investors bet on the company renewing ticketing arrangement with Bookmyshow and Paytm.

The stock touched an intraday high of Rs 1,211.65 and an intraday low of Rs 1,134.00.

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The company renewed its non-exclusive arrangements with Paytm and Bookmyshow for booking and selling the theatre’s ticketing inventory through a web and app-based platforms for three years.

Market opens: After a weak two sessions, equity benchmarks on Friday morning have started the day on a good note.

At 09:15 hrs IST, the Sensex is up 182.90 points or 0.49% at 37348.06, while the Nifty is up 60.40 points or 0.54% at 11305.10. The market breadth is positive as 451 shares advanced, against a decline of 96 shares, while 41 shares are unchanged.

All sectoral indices are trading in the green, with gains in pharma, metals, energy and auto names, while midcaps have seen a strong start as well. The Nifty Midcap index is up over 0.6 percent.

Rupee Opens: The Indian rupee opened flat at 68.69 per dollar on Friday versus 68.70 yesterday.

The rupee fell sharply following broad strength in the US dollar against its major crosses after the Federal Reserve held rates unchanged but hinted towards gradual rate hike in the coming months. Earlier this week, RBI in its policy statement considered raising rates by 25bps but retained its neutral stance as it aimed to contain inflation while not choking growth, said Motilal Oswal.

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While the RBI marginally trimmed its inflation projections for the current quarter, the central bank said its inflation projections beyond that remain “broadly unchanged. Today, USD-INR pair is expected to quote in the range of 68.50 and 68.90-69.05, it added.

Market at pre-open: Pre-opening trends suggest that the Sensex and Nifty are likely to have the strong start, with the Nifty trading around 11,300-mark.

At 09:01 hrs, the Sensex is up 198.19 points at 37363.35, and the Nifty up 97.80 points at 11342.50.

ONGC, Kotak Mahindra Bank are higher in pre-opening trade.

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Market Live: Sensex maintains downtrend, Nifty below 11,300; autos crack

Nifty Bank was down 0.5 percent led by ICICI Bank, Axis Bank, Yes Bank, SBI. While other losers are Hindalco, Tata Steel, Bajaj Auto, Tata Motors, Maruti Suzuki.

Market Update: Equity benchmarks have maintained their downtrend from the first hour, with the Sensex trading down over 200 points, while the Nifty managed to hover below 11,300-mark. 
 

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At 11:01 hrs IST, the Sensex is down 223.20 points or 0.59% at 37298.42, and the Nifty down 62.70 points or 0.55% at 11283.50. The market breadth is negative as well as 995 shares advanced, against a decline of 1,147 shares, while 107 shares were unchanged.
 

Selling is visible among automobiles as well as energy names, while the pharma index is up around a percent. Midcaps, too, are trading higher by one-tenth of a percent.

Market Update: The benchmark indices extended their fall after lower opening. The Nifty slipped below 11,300 marks and Sensex also down over 200 points trading at 37,269.

Among the sectors, metal, PSU bank and auto are down over 1 percent.

Vedanta, Yes Bank, Tata Steel, Tata Motors, Maruti Suzuki are the top losers on the Sensex.

Market Opens: The benchmark indices have opened lower with Nifty slipped below 11,350 and Sensex down over 100 points. Nifty PSU banks down 1% led by SBI, Syndicate Bank, Allahabad Bank, Canara Bank, Bank of India, Andhra Bank and Bank of Baroda.

The Sensex is down 132.87 points at 37,388, and the Nifty down 36.20 points at 11,310. About 533 shares have advanced, 558 shares declined, and 57 shares are unchanged.

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Nifty Bank was down 0.5 percent led by ICICI Bank, Axis Bank, Yes Bank, SBI. Other losers are Hindalco, Tata Steel, Bajaj Auto, Tata Motors, Maruti Suzuki.

On the other hand, ONGC, Indiabulls Housing Finance, Lupin,  Sun Pharma, Coal India, Bharti Infratel, Infosys, TCS are among the major gainers.

Rupee Opens: The Indian rupee opened higher by 6 paise at 68.37 per dollar on Thursday versus previous close 68.43.

The rupee rose against the US dollar in the latter half of the session after the RBI considered raising rates by 25 bps but retained its neutral stance as it aimed to contain inflation while not choking growth. It’s the second straight meeting that RBI raised rates but retained its stance Neutral. While the RBI marginally trimmed its inflation projections for the current quarter, the central bank said its inflation projections beyond that remain broadly unchanged, said Motilal Oswal.

Today, USD-INR pair is expected to quote in the range of 68.30 and 68.75, it added.

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Market Live: Sensex, Nifty trade in a narrow range ahead of RBI meet; auto stocks take a hit

Barring financial names, all sectoral indices are trading around the flat line, but energy, FMCG and metal names are trading higher.

Market Update: Equity benchmarks are trading with caution ahead of the outcome of RBI’s MPC meeting outcome. The Sensex is around the flat line, while the Nifty is above 11,370-mark.

Midcaps have further extended their gains to over half a percent, while energy, metals, and pharma indices are trading strong. The Nifty auto index is down 0.30 percent following mixed trends on auto sales for July. 

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The Sensex is up 36.75 points or 0.10% at 37643.33, while the Nifty up 22.00 points or 0.19% at 11378.50. The market breadth is positive as 1,307 shares advanced, against a decline of 784 shares, while 124 shares are unchanged.

Bajaj Auto, TCS, HPCL and IOC are top gainers, while Tata Motors, Maruti Suzuki, and Indiabulls Housing have lost the most.

Market Update: After days of strong starts, the market has taken a slight breather today as equity benchmarks have kicked off August on a flat note. Having said that, both Sensex and Nifty have managed to hit record highs in the opening minutes. The 50-share index is trading well above 11,350-mark.

Barring financial names, all sectoral indices are trading around the flat line, but energy, FMCG and metal names are in the green. The midcap index, too, is up over one-third of a percent.

Among stocks, Tata Motors is one of the biggest losers after its Q1 results showed a net loss. The stock is down over 3 percent now. Bajaj Auto is up around 2 percent following healthy sales for July as well. Other gainers include OMCs such as IOC and BPCL on the back of falling crude oil prices.

Market Opens: Equity benchmarks have started the month on a flat note, but the Nifty has hit another record high of 11,371 in the opening minutes. Investors could be watchful of the outcome of RBI MPC’s meeting outcome later in the day 

The Sensex is currently higher by 24.41 points or 0.06% at 37630.99, while the Nifty is up 12.40 points or 0.11% at 11368.90. The market breadth is positive as 372 shares advanced, against a decline of 117 shares, while 57 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains seen among metals, PSU banks as well as energy names. The midcap index is also up over half a percent.

Among global markets, Asian shares rose, following gains on Wall Street, as a report of attempts to renew talks between the United States and China eased trade war fears, but investors will be keeping a close eye on data due today.

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In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade, while Japan's Nikkei stock index gained 0.5 percent. S&P E-mini futures were up a hair at 2818.

Meanwhile, US stocks rebounded, boosted by gains in industrial shares following reports of renewed trade negotiations between the United States and China.

The Dow Jones Industrial Average rose 108.36 points, or 0.43 percent, to 25,415.19, the S&P 500 gained 13.69 points, or 0.49 percent, to 2,816.29 and the Nasdaq Composite added 41.79 points, or 0.55 percent, to 7,671.79.

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Market Live: Sensex extends fall to over 150 points, Nifty around 11,300; midcaps outperform

Among stocks, HDFC twins are dragging the indices lower, while Tech Mahindra is the top gainer on Nifty after its Q1 results

Market Update: Benchmark indices have further extended their fall from its opening levels, with the Sensex declining over 100 points, while the Nifty is also down over one-third of a percent. Midcaps, on the contrary, are outperforming the benchmarks and trading over 0.2 percent higher.

Among stocks, HDFC twins are dragging the indices lower, while Tech Mahindra is the top gainer on Nifty after its Q1 results.

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The Sensex is down 134.17 points or 0.36% at 37360.23, and while the Nifty is down 38.10 points or 0.34% at 11281.40. The market breadth is narrow as 1038 shares advanced, 936 shares declined, while 112 shares are unchanged.
 

Market Opens: After closing at record highs in Monday’s trade the benchmarks indices opened lower on Tuesday, with the Nifty trading below 11,300 marks and Sensex below 37,400.

The Sensex is down 100.14 points at 37394.26, and the Nifty down 27.30 points at 11292.20. About 459 shares have advanced, 379 shares declined, and 65 shares are unchanged.

Axis Bank, Tech Mahindra, ONGC, Lupin, Power Grid, Dr. Reddy's Laboratories are up 0.5-1 percent, while HDFC, ICICI Bank, Adani Port, L&T, Tata Steel are among the major losers.

Avenue Supermarts gained 3 percent after reporting stellar June quarter numbers.

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Rupee opens: The Indian rupee opened marginally lower at 68.70 per dollar on Tuesday against previous close 68.67.

The dollar-rupee August contract on the NSE was at 68.88 in the previous session. August contract open interest increased 3.91% in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

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Market Live: Sensex gains over 150 points after hitting 37K, Nifty at record high; PSU banks surge

Benchmarks hit fresh records following positive momentum in the recent sessions. Sensex has hit a fresh record for 7th time in 11 sessions.

Highlights of the morning

- Sensex hit a fresh record high; hits a key milestone for the 7th time in 11 trading sessions

- Nifty hit its fresh milestone surpassed the earlier level of 11,171 and hit an intraday high of 11,179.40.

- On a year to date basis, Nifty is up 6 percent. It was up 22 percent in the same period of last year.

- It has taken a total of 123 sessions for Nifty to be back at record high figure

Fresh milestones for Sensex, Nifty: Drumrolls are out on D-Street as benchmark indices have hit fresh records on Thursday morning. The Sensex has managed to scale past 37,000 for the first time, while the Nifty has managed to hit a fresh record high, surpassing 11,171 marks. 

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Market opens: Benchmark indices have made a flat start on Thursday morning, with the Sensex hitting a fresh record high, but the Nifty is still a few points away from the fresh record high.

The Sensex is up 43.42 points or 0.12% at 36901.65, while the Nifty is up 9.50 points or 0.09% at 11141.50. The market breadth is positive as 313 shares advanced, against a decline of 131 shares, while 37 shares are unchanged.

Among sectoral indices, PSU banks, FMCG, infra and auto names are trading strong, while weakness is visible in the pharmaceuticals space. The Nifty Midcap index is up over 0.10 percent.

Shares of Larsen & Toubro are up over 1.5 percent after its June quarter numbers, while SBI and Bharti Airtel are trading higher. Sun Pharma, Kotak Mahindra Bank, Bharti Infratel and Tech Mahindra have lost the most. 

In case of global markets, Asian stocks edged higher on Thursday, taking comfort from gains on Wall Street after US President Donald Trump and European Commission President Jean-Claude Juncker agreed to work toward eliminating trade barriers on industrial goods, Reuters reported.

In a news conference following a meeting between the two leaders on Wednesday, Trump said he and Juncker had agreed to work to lower industrial tariffs on both sides and to increase European imports of liquefied natural gas and soybeans from the United States, among other measures.

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The meeting helped to extend a rally in global stocks into its fourth day, as investors took heart from a rare piece of good news amid global concerns over trade.

Meanwhile, US markets closed sharply higher after President Donald Trump managed to get concessions from the European Union to avoid a trade war.

The Dow Jones Industrial Average rose 172.16 points to close at 25,414.10 after falling more than 100 points earlier in the session. The Nasdaq Composite jumped 1.2 percent to an all-time high of 7,932.24.

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Market Live: Sensex off record highs, Nifty holds 11,100; Symphony tanks 19%

Metals have extended their rally from the previous sessions and a strong trade in the midcaps space is also aiding the market.

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Market Update: After hitting a fresh record high in the opening tick, the Sensex is now off the day’ high points. The Nifty, too, failed to hit a fresh record, but is currently trading above 11,100-mark. Among sectors, metals have extended their gains from the previous session, with the Nifty metals index up over 1.5 percent, while PSU banks are trading in the green too.

The Sensex is up 35.89 points or 0.10% at 36860.99, while the Nifty is up 1.50 points or 0.01% at 11135.80. The market breadth is positive as 1157 shares advanced, against a decline of 588 shares, while 104 shares were unchanged.

The Nifty Midcap index is up around 0.40 percent as well. Among stocks, shares of Symphony have tanked 19 percent after the company’s net profit for Q1 fell 49 percent. Asian Paints, too, has fallen over 2 percent after its June quarter performance. Adani Ports, Vedanta, Bajaj Finserv and Indiabulls Housing are the top gainers, while Asian Paints and Airtel have lost the most.

Market Opens: It’s a subdued start to the market on this Wednesday morning, a deviation from the pre-opening rate trends where the larger index hit a fresh record high. Meanwhile, the Sensex has hit a fresh record high as well. The Nifty is well above 11,100, but is a good thirty points away from its record high.

Metals have extended their rally from the previous sessions and a strong trade in the midcaps space is also aiding the market.

The Sensex is up 62.41 points or 0.17% at 36887.51, while the Nifty is up 7.20 points or 0.06% at 11141.50. The market breadth is positive as 389 shares advanced, against a decline of 106 shares, while 60 shares were unchanged.

Shares of Asian Paints are trading over 2.5 percent lower after its June quarter results. Oil marketing companies are taking a hit on the back of rising crude oil price.

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Rupee opens: The Indian rupee opened flat at 68.96 per dollar on Wednesday versus previous close 68.94.

The dollar-rupee July contract on the NSE was at 68.93 in the previous session. July contract open interest declined 2.98 percent in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

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