Market Live: Nifty off its opening high ahead of F&O expiry; HDFC Bank top gainer. Asian stocks recover after easing of Italian political concerns.
Asian stocks recover after easing of Italian political concerns.
Market Update: The market is trading higher ahead of expiry of May derivative contracts, tracking positive move in global peers after easing of Italy political concerns.
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The 30-share BSE Sensex rallied 94.98 points at 35,001.09 and the 50-share NSE Nifty rose 22.60 points to 10,637. About 1,013 shares advanced against 740 declining shares on the BSE.
HDFC Bank, HDFC, Reliance Industries and Infosys support the market while ICICI Bank, SBI, Axis Bank, TCS are under pressure.
HDFC Bank, HDFC, Reliance Industries and Infosys support the market while ICICI Bank, SBI, Axis Bank, TCS are under pressure.
Fuel Price Update: Petrol price was today cut by 7 paise a litre and diesel by 5 paise - the second reduction in as many days on the back of softening international oil rates.
Petrol in Delhi now costs Rs 78.35 a litre, down from Rs 78.42, according to a price notification issued by state-owned oil firms.
Diesel rates have been cut to Rs 69.25 per litre from Rs 69.30.
This is the second reduction in rates coming after a 16 day relentless price hike that followed lifting of a nearly three-week hiatus on price revision just before Karnataka went to polls. Petrol and diesel prices were yesterday cut by 1 paisa a litre each. That reduction followed rates touching an all-time high of Rs 78.43 per litre for petrol and Rs 69.31 for diesel in Delhi on Tuesday, reports PTI.
Rupee Update: The rupee strengthened by 6 paise to 67.37 against the dollar at the Interbank Foreign Exchange ahead of GDP data scheduled to be released later today.
Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies supported the rupee.
Furthermore, expectations of robust GDP growth and a higher opening in the domestic equity market, influenced the rupee uptrend, they added.
Yesterday, the rupee had ended with a solid 43 paise gain against the American currency at 67.43 after traders unwound bullish dollar positions.
Market Opening: Benchmark indices started off the expiry day on a strong note, tracking positive trend in global peers on easing of Italy political concerns.
The 30-share BSE Sensex rallied 141.30 points to 35047.41 and the 50-share NSE Nifty gained 42 points at 10,656.40.
Petrol in Delhi now costs Rs 78.35 a litre, down from Rs 78.42, according to a price notification issued by state-owned oil firms.
Diesel rates have been cut to Rs 69.25 per litre from Rs 69.30.
This is the second reduction in rates coming after a 16 day relentless price hike that followed lifting of a nearly three-week hiatus on price revision just before Karnataka went to polls. Petrol and diesel prices were yesterday cut by 1 paisa a litre each. That reduction followed rates touching an all-time high of Rs 78.43 per litre for petrol and Rs 69.31 for diesel in Delhi on Tuesday, reports PTI.
Rupee Update: The rupee strengthened by 6 paise to 67.37 against the dollar at the Interbank Foreign Exchange ahead of GDP data scheduled to be released later today.
Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies supported the rupee.
Furthermore, expectations of robust GDP growth and a higher opening in the domestic equity market, influenced the rupee uptrend, they added.
Yesterday, the rupee had ended with a solid 43 paise gain against the American currency at 67.43 after traders unwound bullish dollar positions.
Market Opening: Benchmark indices started off the expiry day on a strong note, tracking positive trend in global peers on easing of Italy political concerns.
The 30-share BSE Sensex rallied 141.30 points to 35047.41 and the 50-share NSE Nifty gained 42 points at 10,656.40.
Jubilant Foodworks, Punj Lloyd, Apollo Hospitals, Deepak Fertilisers, Satin Creditcare, KNR Construction, Sadbhav Engineering and Saksoft surged up to 15 percent.
Manpasand Beverages, Vakrangee and V-Guard Industries fell up to 10 percent.
Asia Update: Asian stocks traded higher on easing of Italian political concerns.
Japan's Nikkei 225 rose 0.43 percent and Australia's S&P/ASX 200 advanced 0.41 percent.
In South Korea, the Kospi advanced 0.44 percent while China's Shanghai Composite rose 1 percent and Hong Kong's Hang Seng gained 0.8 percent.
Manpasand Beverages, Vakrangee and V-Guard Industries fell up to 10 percent.
Asia Update: Asian stocks traded higher on easing of Italian political concerns.
Japan's Nikkei 225 rose 0.43 percent and Australia's S&P/ASX 200 advanced 0.41 percent.
In South Korea, the Kospi advanced 0.44 percent while China's Shanghai Composite rose 1 percent and Hong Kong's Hang Seng gained 0.8 percent.
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