Market Live: Sectors such as banks, IT and energy names have picked up pace, while midcaps too have extended their gains. Among the index gainers are Dr Reddy’s Labs, Sun Pharma, and Lupin, while Tata Steel, Power Grid, and Grasim were the top losers.
Market Check: Indices have extended their gains from the opening minutes, with the Sensex rising over 100 points, while the Nifty is trading well above 10,800-mark.
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The Sensex is up 99.83 points or 0.28% at 35583.30, and the Nifty up 26.20 points or 0.24% at 10813.20. The market breadth is positive as 1109 shares advanced against a decline of 779 shares, while 104 shares were unchanged.
Dr. Reddy’s, TCS and Lupin were the top gainers, while Tata Steel, Maruti Suzuki, and Hindalco lost the most.
Dr. Reddy’s, TCS and Lupin were the top gainers, while Tata Steel, Maruti Suzuki, and Hindalco lost the most.
Shares of Manappuram Finance gained over a percent in the morning trade as investors bet on the stock ahead of its Board Meeting.
The company’s Board will be meeting on June 14 in a bid to consider issuance of non-convertible debentures (NCDs) on a private placement basis.
It was in the news recently after it declared its financial results. The company reported a fall of 9.2 percent in its net profit at Rs 182.17 crore in the last quarter ended March 2018. The company had registered a net profit of Rs 200.58 crore in the same quarter of the preceding fiscal.
The dollar jumped to a 3-week top on Tuesday while Asian shares started cautiously as investors were hopeful of a positive outcome from a highly anticipated US-Korea summit, which could set the stage for ending a nuclear stand-off on the Korean peninsula.
Japan's Nikkei climbed 0.8 percent to the highest in three weeks and South Korean shares added 0.1 percent. Australia's benchmark index was a tad firmer while New Zealand eased 0.3 percent.
That left MSCI's broadest index of Asia-Pacific shares outside Japan a touch softer at 573.31.
Market Opens: Benchmark indices began trading on a mildly higher note, with the Nifty holding 10,800-mark in the opening tick
The Sensex is up 43.18 points or 0.12% at 35526.65, while the Nifty is up 14.50 points or 0.13% at 10801.50. The market breadth is positive as 481 shares advanced, against a decline of 334 shares, while 68 shares were unchanged.
All sectoral indices are trading flat, with maximum gains visible in pharmaceutical names. Midcaps, too, is trading flat; the Nifty Midcap index is up over one-tenth of a percent.
Dr. Reddy’s Labs, Wipro, and IOC were the top gainers, while Tata Steel, Infosys, and UPL have lost the most.
The company’s Board will be meeting on June 14 in a bid to consider issuance of non-convertible debentures (NCDs) on a private placement basis.
It was in the news recently after it declared its financial results. The company reported a fall of 9.2 percent in its net profit at Rs 182.17 crore in the last quarter ended March 2018. The company had registered a net profit of Rs 200.58 crore in the same quarter of the preceding fiscal.
The dollar jumped to a 3-week top on Tuesday while Asian shares started cautiously as investors were hopeful of a positive outcome from a highly anticipated US-Korea summit, which could set the stage for ending a nuclear stand-off on the Korean peninsula.
Japan's Nikkei climbed 0.8 percent to the highest in three weeks and South Korean shares added 0.1 percent. Australia's benchmark index was a tad firmer while New Zealand eased 0.3 percent.
That left MSCI's broadest index of Asia-Pacific shares outside Japan a touch softer at 573.31.
Market Opens: Benchmark indices began trading on a mildly higher note, with the Nifty holding 10,800-mark in the opening tick
The Sensex is up 43.18 points or 0.12% at 35526.65, while the Nifty is up 14.50 points or 0.13% at 10801.50. The market breadth is positive as 481 shares advanced, against a decline of 334 shares, while 68 shares were unchanged.
All sectoral indices are trading flat, with maximum gains visible in pharmaceutical names. Midcaps, too, is trading flat; the Nifty Midcap index is up over one-tenth of a percent.
Dr. Reddy’s Labs, Wipro, and IOC were the top gainers, while Tata Steel, Infosys, and UPL have lost the most.
Rupee Update: The Indian rupee opened marginally lower at 67.45 per dollar on Tuesday versus previous close 67.42.
In the last couple of session, rupee has been consolidating in a narrow range of 64.40 and 64.75 ahead of important inflation and industrial production number. Market participants are cautious ahead of today’s inflation and IIP number; the expectation is that inflation for May could rise to 4.8% compared to rising of 4.5% in the previous month, said Motilal Oswal.
On the other hand, industrial production could rise 5.2% in April compared to growth of 4.4% in the previous month. Today, USD-INR pair is expected to quote in the range of 67.45 and 67.85, it added.
In the last couple of session, rupee has been consolidating in a narrow range of 64.40 and 64.75 ahead of important inflation and industrial production number. Market participants are cautious ahead of today’s inflation and IIP number; the expectation is that inflation for May could rise to 4.8% compared to rising of 4.5% in the previous month, said Motilal Oswal.
On the other hand, industrial production could rise 5.2% in April compared to growth of 4.4% in the previous month. Today, USD-INR pair is expected to quote in the range of 67.45 and 67.85, it added.
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