Market Live: Sensex recoups losses, Nifty inches towards 10,800; RIL, ICICI Bank dip.
Asian markets are under pressure amid escalated trade tensions between US and China and crude worries.
Market Update: The market recouped its losses to trade higher with the Nifty inching towards 10,800 levels amid consolidation, backed by HDFC, ITC, and TCS. However, more than a percent correction in Reliance Industries and ICICI Bank capped upside.
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The broader markets continue to underperform frontliners, trading lower on weak breadth. About three shares declined for every two shares rising.
The 30-share BSE Sensex gained 89.54 points at 35,559.89 and the 50-share NSE Nifty rose 26.80 points to 10,789.30.
The 30-share BSE Sensex gained 89.54 points at 35,559.89 and the 50-share NSE Nifty rose 26.80 points to 10,789.30.
Buzzing: Shares of Tata Elxsi gained over percent in the morning trade and hit a fresh 52-week high on the BSE on reports that the firm is coming up with a prototype for driverless cars.
According to The Hindu BusinessLine, the firm could be first to come up with a driverless car prototype in the next 6-8 months.
The solution is likely to be implemented by one of the top five auto-makers, Nitin Pai, Senior Vice President told the newspaper.
Its program, Autonomai, “a fully autonomous middleware platform” has been licensed to one of the top five automakers. Currently, the automaker is believed to be testing it in Germany.
The market continued to consolidate amid global weakness on trade tensions between world's largest economies US and China, and also ahead of expiry of June derivative contracts on Thursday.
The 30-share BSE Sensex rose 13.20 points to 35,483.55 and the 50-share NSE Nifty gained 3.50 points at 10,766.
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According to The Hindu BusinessLine, the firm could be first to come up with a driverless car prototype in the next 6-8 months.
The solution is likely to be implemented by one of the top five auto-makers, Nitin Pai, Senior Vice President told the newspaper.
Its program, Autonomai, “a fully autonomous middleware platform” has been licensed to one of the top five automakers. Currently, the automaker is believed to be testing it in Germany.
The market continued to consolidate amid global weakness on trade tensions between world's largest economies US and China, and also ahead of expiry of June derivative contracts on Thursday.
The 30-share BSE Sensex rose 13.20 points to 35,483.55 and the 50-share NSE Nifty gained 3.50 points at 10,766.
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Market Opening: Benchmark indices started off the trade on a negative note, following global weakness due to trade tensions between world's largest economies US and China.
The 30-share BSE Sensex slipped 94.76 points to 35,375.59 and the 50-share NSE Nifty declined 29.00 points to 10,733.50.
Tata Motors, Vedanta, IOC, BPCL, HPCL, Cipla and Dr Reddy's Labs are early losers.
Aurobindo Pharma, Asian Paints, Axis Bank, ITC, Lupin, TCS and Indiabulls Housing gained.
The nifty Midcap index fell 55 points and Nifty Bank lost 95 points.
Voltas, Sun TV Network, PNB Housing Finance and KRBL fell up to 6 percent.
Info Edge and Jet Airways gained more than a percent.
Rupee Opening: The Indian rupee has opened lower at 68.13 against the dollar and fell further to 68.19, down 7 paise from previous settlement.
The 30-share BSE Sensex slipped 94.76 points to 35,375.59 and the 50-share NSE Nifty declined 29.00 points to 10,733.50.
Tata Motors, Vedanta, IOC, BPCL, HPCL, Cipla and Dr Reddy's Labs are early losers.
Aurobindo Pharma, Asian Paints, Axis Bank, ITC, Lupin, TCS and Indiabulls Housing gained.
The nifty Midcap index fell 55 points and Nifty Bank lost 95 points.
Voltas, Sun TV Network, PNB Housing Finance and KRBL fell up to 6 percent.
Info Edge and Jet Airways gained more than a percent.
Rupee Opening: The Indian rupee has opened lower at 68.13 against the dollar and fell further to 68.19, down 7 paise from previous settlement.
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