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.

Click here To know about the  Best Stock Advisory India

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.

Click here to get Free Commodity Tips

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.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

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. 

Click here To know about the  Best Stock Advisory India

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.

Click here to get Free Commodity Tips

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.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

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.

Click here To know about the  Best Stock Advisory India

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.

Click here to get Free Commodity Tips

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.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex extends gains after hitting record high, Nifty above 11,100; ACC soars 13%

All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names. Midcaps, meanwhile, have opened higher, with the index rising around 0.20 percent.

Market Update: After opening at record high, the Sensex is now up over 150 points, while the Nifty is seen inching towards a fresh milestone as well. Buying in midcaps space has boosted both indices, while a big surge is seen among metals, automobiles and pharmaceutical sectors.

Click here To know about the  Best Stock Advisory India

Financials, too, are trading in the green. Among stocks, shares of Delta Corp and United Spirits are up 1-5 percent on the back of good June quarter results. UltraTech Cement is another gainer, a beneficiary of ACC’s rally, as the stock is up 5 percent.

Buzzing stock: Shares of United Spirits gained around over a percent on Tuesday morning after the company reported 29 percent rise in its net profit to Rs 81.3 crore. 

The stock touched an intraday high of Rs 586.10 and an intraday low of Rs 560.00.

The company had posted a net profit of Rs 62.9 crore in the corresponding quarter last fiscal, Diageo-controlled firm said in a regulatory filing.

Its total income during the quarter under review was at Rs 6,436.6 crore, up from Rs 5,847.7 crore in same quarter last fiscal, it added.

Buzzing Stock: Shares of Delta Corp added 5 percent intraday Tuesday on the back of strong June quarter numbers.

The company's Q1 net profit surged 52 percent to Rs 28.61 crore versus Rs 18.81 crore in the same quarter last fiscal.

Revenue rose 36.7 percent to Rs 109.91 crore versus Rs 80.36 crore.

Market opens: Equity benchmarks have looked to continue their momentum from Monday, with the Sensex opening at a record high, while the Nifty has opened above 11,100.

At 09:15 hrs IST, the Sensex is up 89.00 points or 0.24% at 36807.60, while the Nifty is up 26.10 points or 0.24% at 11110.90. The market breadth is positive as 305 shares have advanced, 116 shares have declined, and 39 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names. Midcaps, meanwhile, have opened higher, with the index rising around 0.20 percent. Shares of ACC are trading higher by 10 percent after the company reported good results for the June quarter.

Rupee opens: The Indian rupee opened lower by 10 paise at 68.96 per dollar on Tuesday versus 68.86 yesterday.

Click here to get Free Commodity Tips
 

Rupee gained in yesterday’s session primarily on back of weakness in the dollar against its major crosses after comments from US President wherein he raised concerns over a stronger dollar and the Federal Reserve’s interest rate increases, said Motilal Oswal.

On the domestic front, no major economic data is expected to be released but movement in the dollar against its major crosses will continue to influence the rupee. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.10, it added.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex off day’s high points, Nifty around 11K; midcaps give up gains

Some selling is seen among major sectoral indices. However, a rally in FMCG stocks based on GST rate cut is holding the market from falling.

Market Update: Benchmarks are off the day’s high points, as some selling is seen among major sectoral indices. However, a rally in FMCG stocks based on GST rate cut is holding the market from falling. 

Click here To know about the  Best Stock Advisory India

The Nifty FMCG index is up around 2 percent. ITC, Asian Paints, and UPL are the top gainers, while Hero MotoCorp and Wipro have lost the most on both indices. 

The Sensex is up 49.26 points or 0.13% at 36545.63, and the Nifty up 22.50 points or 0.20% at 11032.70. The market breadth is positive as 1135 shares advanced, against a decline of 836 shares, while 101 shares are unchanged.

Market Opens: The market has begun the day on a positive note, with the Nifty trading well above 11,000-mark. 

The Sensex is up 70.13 points or 0.19% at 36566.50, while the Nifty is up 28.30 points or 0.26% at 11038.50. The market breadth is narrow as 319 shares advanced, against a decline of 144 shares, while 61 shares are unchanged.

All sectoral indices are trading in the green, with maximum buying seen among FMCG, financials as well as metal stocks. In the broader markets, the midcap index is up around one-tenth of a percent.

Shares of UPL are trading higher by over 3 percent after the company announced an acquisition on Friday.

Click here to get Free Commodity Tips

Rupee opens: The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 68.70 per dollar versus previous close 68.84.

The dollar-rupee July contract on the NSE was at 68.92 in the previous session. July contract open interest declined 1.39 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.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex up 180 pts, Nifty reclaims 11,000; Bajaj Finance gains post Q1

A recovery in midcaps along with a surge in IT space has boosted the market on Friday morning. It had begun on a flat note.

Market Update: Equity benchmarks have maintained their uptrend on Friday afternoon, with the Sensex gaining over 150 points, while the Nifty is hovering around 11,000-mark.

The Sensex is up 156.01 points or 0.43% at 36507.24, while the Nifty is up 49.70 points or 0.45% at 11006.80. The market breadth is negative as 1004 shares advanced, against a decline of 1250 shares, while 153 shares were unchanged.

Click here To know about the  Best Stock Advisory India

Infosys, L&T, Bajaj Finance and Bajaj Finserv are the top gainers, while Bajaj Auto and Vedanta continue to fall. 

IPO Update: The initial public offering (IPO) of TCNS Clothing was subscribed over 2.08 times on Day 3 of bidding so far.

The IPO, to raise Rs 1,125-crore, received bids for 2.29 crore shares against the total issue size of 1.09 crore shares, data available with the NSE as of 11:45 shows.

The portion set aside for qualified institutional buyers (QIBs) was subscribed 7 times, non-institutional investors 0.11 times percent and retail investors at 0.12 times.

The price band for the offer has been fixed at Rs 714-716 per share.
 

Benchmark indices have continued to trade strongly on Friday morning, with the Sensex trading around 150 points higher, while the Nifty has reclaimed 11,000. The IT index has further extended its gains, while pharmaceutical stocks to are trading in the green. Midcaps, too have strengthened, up almost half a percent on the index. Infosys, L&T, Bajaj Finance and Bajaj Finserv are the top gainers, while, Vedanta, ONGC, and BPCL have lost the most.

A recovery in midcaps along with a surge in IT space has boosted the market on Friday morning. It had begun on a flat note. The Sensex is currently higher by over 100 points, while the Nifty was seen inching towards 11,000. The rupee touched a new low of 69.12 to the dollar, which has boosted IT stocks. The Nifty IT index is up over 1 percent at this point.

Along with it, midcaps have recovered from the low points of the day. The Nifty Midcap index is up around one-tenth of a percent. Metals are trading weak, led by losses in Vedanta. The stock is down 2 percent.  Shares of Reliance Industries has hit a fresh record high. The scrip has gained 46 percent in the past one year.

The Sensex is up 132.56 points or 0.36% at 36483.79, while the Nifty is up 32.60 points or 0.30% at 10989.70. The market breadth is negative as 731 shares advanced, against a decline of 762 shares, while 100 shares are unchanged.

Market Opens: It’s a flat start to the market this Friday morning, with the Nifty holding 10,950. The Street could be taking cues from tepid global cues. 

Click here to get Free Commodity Tips
 

The Sensex is up 5.58 points or 0.02% at 36356.81, while the Nifty is down 1.90 points or 0.02% at 10955.20. The market breadth is negative as 243 shares advanced, against a decline of 355 shares, while 61 shares are unchanged.

Sectoral indices are trading mixed, with cuts seen in PSU banks, while the midcap index is trading in the red. The Indian rupee has hit a fresh record low of 69.12 to the dollar.

Among shares, Reliance Industries is at an all-time high. Infosys and Hindalco are the other top index gainers, while Vedanta, Airtel, HPCL, and BPCL are the top losers. 

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: D-Street remains rangebound, Nifty below 11,000; metals rally.

Financials, pharmaceuticals, metals and IT stocks are trading in the red. Shares of Mindtree fell over 6 percent in the morning trade after its profit for Q1 fell 13 percent and its CFO resigned.

Click here To know about the  Best Stock Advisory India

Market Update: Rangebound trades have continued on the market, with the Nifty continuing to hover below 11,000.

The Sensex is up 59.48 points or 0.16% at 36432.92, while the Nifty is down 0.80 points or 0.01% at 10979.70. The market breadth is negative as 757 shares advanced, against a decline of 1,371 shares, while 118 shares were unchanged.

Among sectors, gains are visible among financials and metals, while pharmaceuticals and IT are trading in the red. Midcaps too are trading weak, down over half a percent.

Vedanta, Bharti Airtel, and Titan are the top gainers, while Coal India, HDFC, Bharti Infratel and Hindalco have lost the most.

Market Update: Flat moves have continued on the market on Thursday morning with the Sensex trading in the green, but the Nifty is still below 11,000.

At 10:36 hrs IST, the Sensex is up 47.53 points or 0.13% at 36420.97, while the Nifty down 8.70 points or 0.08% at 10971.80. The market breadth is negative as 648 shares have advanced, 1280 shares have declined, while 92 shares are unchanged.

Vedanta, Bharti Airtel, and Titan are the top gainers, while HDFC, Coal India, HPCL and Bharti Infratel have lost the most. 

After beginning the session on a positive note, equity benchmarks are currently trading off their high points and are trading flat. The Nifty is well below 11,000-mark. Cuts are visible among all sectoral indices, with midcaps contributing the most to indices’ fall. The Nifty Midcap index is down over 1 percent.

Financials, pharmaceuticals, metals and IT stocks are trading in the red.  Shares of Mindtree fell over 6 percent in the morning trade after its profit for Q1 fell 13 percent and its CFO resigned. Slower revenue growth guidance for Q2 could have also weighed on the stock. ONGC is the top gainer on the Sensex, up over 2 percent, after the Cabinet cut the tax burden on the firm.

Rupee update: The Indian rupee slipped in the early trade on Thursday. It has opened lower by 8 paise at 68.70 per dollar versus 68.62 yesterday.

The rupee fell against the US dollar in yesterday’s session following an uptick in global crude oil prices and after the greenback strengthened against its major crosses, said Motilal Oswal.

Following the Fed Chairman testimony, the US dollar rose to the highest level in a year. In his testimony, the Fed Chair said he believed the US economy was on course for years more of steady growth and played down the risks to the US economy of the escalating trade conflict.

Click here to get Free Commodity Tips

Equity benchmarks have begun the day on a positive note, with the Sensex gaining over 100 points, while the Nifty has reclaimed 11,000 in the opening tick.

The Sensex is up 106.61 points or 0.29% at 36480.05, while the Nifty is up 24.40 points or 0.22% at 11004.90. The market breadth is positive as 261 shares advanced, against a decline of 105 shares, while 40 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains seen among metals, and automobiles. Midcaps, meanwhile, are trading absolutely flat.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex cools off after touching record high, Nifty around 11,050; metals weak

The Nifty PSU bank index has extended its correction and is now down over 1 percent, while the Bank Nifty is trading in the green. Metals, too, are witnessing some weakness, down over 1 percent on the index.

Market Update: Benchmark indices have maintained their uptrend in morning trade, with the Sensex rising over 100 points, while the Nifty is above 11,050 as well. The Nifty PSU bank index has extended its correction and is now down over 1 percent, while the Bank Nifty is trading in the green. Metals, too, are witnessing some weakness, down over 1 percent on the index. Midcaps, too, have seen some selling since morning, thereby dragging the indices from opening highs. ONGC, Bajaj Auto, and Indiabulls Housing are the top gainers, while Tata Steel, Airtel, Lupin, and Hindalco have lost the most. Shares of Sintex Industries soared over 9 percent on Wednesday morning as investors cheered its Q1 results.

Click here To know about the  Best Stock Advisory India

Market Update: After opening at a record high, the Sensex is currently off its opening levels, while the Nifty is hovering around 11,050-mark.

Selling in midcaps is likely to have dragged them from the high points; the Nifty midcap index is trading a quarter of a percent lower. Meanwhile, among sectoral indices, PSU banks and metals are seeing some weakness, while IT and energy sectors are trading in the green.

The share price of PNB, IOB, Andhra Bank, Corporation Bank and Allahabad Bank reacted positively on the government capital infusion plan.

IPO Update: Women's apparel maker TCNS Clothing Company raised over Rs 337 crore from the anchor investors, ahead of its initial share-sale tomorrow. The firm sells its products under W, Aurelia, and Wishful brands.

TCNS Clothing has allotted 47,14,210 equity shares to 18 anchor investors at Rs 716 per scrip, garnering Rs 337.54 crore, according to a regulatory filing.

Among the anchor, investors are Goldman Sachs India Ltd, Auburn Ltd, Fidelity Securities Fund Fidelity Blue Chip Growth Fund, DB International Asia Ltd, ICICI Prudential Life Insurance Company Ltd and UBS Principal Capital Asia Ltd.

Market Opens: It’s a strong start to the market on Wednesday morning, with the Sensex hitting a fresh record high, rising 200 points, while the Nifty opened above 11,050-mark.

The Sensex is up 198.95 points or 0.54% at 36718.91, while the Nifty is up 62.50 points or 0.57% at 11070.50. The market breadth is positive as 354 shares have advanced, while 79 shares have declined, and 46 shares are unchanged.

Among sectoral indices, all of them are trading in the green, with strength seen among PSU banks pharmaceuticals, energy, and auto names. In the broader market, midcaps are trading higher as well, up over half a percent on the index.

Click here to get Free Commodity Tips

Rupee update: The Indian rupee opened marginally higher at 68.42 per dollar on Wednesday versus 68.45 yesterday.

Yesterday, rupee broadly consolidated in a range but traded with a slight positive bias despite strength in the dollar against its major crosses. Crude oil came under pressure API after reported a surprise crude oil build of 629,000 barrels of United States crude oil inventories for the week ending July 14 compared to expectations that this week would see a draw in crude oil inventories of 3.62mbpd, said Motilal Oswal.

Crude has been one of the major factors that are supporting the rupee and sustained fall in the same could continue to keep losses capped for the rupee.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex trades in green, Nifty above 10,950; OMCs gain

All sectoral indices, barring IT, are trading in the green. Midcaps are trading strong, with the Nifty Midcap index up almost a percent.

Buzzing: Shares of Sintex Plastics Technology touched a 52-week low of Rs 34.30, down 7 percent on the back of poor June quarter numbers.

Click here To know about the  Best Stock Advisory India

The company's Q1 profit falls 47 percent to Rs 37.53 crore versus Rs 70.56 crore, YoY but turned profitable compared to a loss at Rs 12.49 crore reported in March quarter.

Revenue from operations drops 12.2 percent to Rs 1,325 crore versus Rs 1,509 crore, YoY, but increases 2.5 percent from Rs 1,292.56 crore .

The annual general meeting of the company is scheduled to be held on September 17, 2018.

Market Update: Equity benchmarks continued to trade in the green, with the Nifty hovering above 10,950.

The Sensex is up 60.89 points or 0.17% at 36384.66, while the Nifty is up 23.90 points or 0.22% at 10960.80. The market breadth is narrow as 1003 shares have advanced, 788 shares declined, while 115 shares are unchanged.

After witnessing a flat opening, benchmark indices have extended their gains, with the Sensex trading over 100 points higher, while the Nifty is well above 10,950.

The Sensex is up 107.68 points or 0.30% at 36431.45, while the Nifty is up 40.30 points or 0.37% at 10977.20. The market breadth is positive as 851 shares advanced, against a decline of 543 shares, while 79 shares are unchanged.

Shares of Tata Motors, Tata Steel, HPCL, and GAIL were the top gainers, while HUL and NTPC have lost the most. 

Market Opens: It’s a flat start to the market on Tuesday morning, with the Nifty opening below 10,950-mark.

The Sensex is down 24.41 points or 0.07% at 36299.36, while the Nifty is up 0.30 points or 0.00% at 10937.20. The market breadth is narrow as 260 shares advanced, against a decline of 175 shares, while 46 shares are unchanged.

IT stocks are trading in the red, while other sectoral indices are trading flat with a negative bias. Energy index is trading higher on the back of fall in crude prices.

Shares of Hindustan Unilever is trading flat post its Q1 results. Sun Pharma, Bharti Airtel, HPCL, and IOC are the top gainers, while Vedanta, Axis Bank, and Dr. Reddy’s Labs have lost the most.
 

Click here to get Free Commodity Tips

Rupee opens: The Indian rupee gained in the opening trade on Tuesday. It has opened higher by 18 paise at 68.39 per dollar versus 68.57 yesterday.

The rupee continued to consolidate in a broad range of 68.50 and 69.00(Spot) since the last fourteen sessions despite volatility in global crude and strength in the dollar against its major crosses, said Motilal Oswal.

In the last few sessions, crude oil has been under pressure as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. There are also reports that the US could tap its Strategic Petroleum Reserve, which would add supply to the market. Sharp sell-off in crude oil prices is expected to support the rupee in the intraday session.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex trades lower, Nifty below 11K; Infosys hits record high

Majority of sectoral indices are trading in the red, with maximum cuts seen in pharmaceutical names. The Nifty Midcap index is also trading over half a percent lower.

Market Update: Equity benchmarks continued to trade lower, with the Nifty hovering below 11,000-mark, while the Sensex is down below 36,500.

 

Click here To know about the  Best Stock Advisory India

The Sensex is down 50.40 points or 0.14% at 36491.23, while the Nifty is down 33.10 points or 0.30% at 10985.80. The market breadth is negative as 517 shares advanced, against a decline of 1,429 shares declined, while 110 shares are unchanged.

Infosys and Asian Paints are the top gainers on both indices, while ICICI Bank, Sun Pharma, and Dr. Reddy’s Labs have lost the most. 
 

After witnessing a flat opening, the market has inched lower in the first hour of trade, with the Nifty breaking 11,000-mark it achieved last week.

The Sensex is down 73.57 points or 0.20% at 36468.06, while the Nifty is down 36.10 points or 0.33% at 10982.80. The market breadth is negative as 449 shares advanced, against a decline of 977 shares, while 73 shares were unchanged.

All sectoral indices are trading in the red, with cuts visible among pharmaceutical as well as energy names. Midcaps, too, are trading in the red; the Nifty Midcap is down 1 percent.

Market Opens: Equity benchmarks have begun the day on a flat note, with the Nifty holding 11,000 in the opening trade.

The Sensex is down 27.62 points or 0.08% at 36514.01, while the Nifty is down 17.20 points or 0.16% at 11001.70. The market breadth is narrow as 268 shares advanced, against a decline of 170 shares, while 62 shares were unchanged.

Majority of sectoral indices are trading in the red, with maximum cuts seen in pharmaceutical names. The Nifty Midcap index is also trading over half a percent lower.

Among stocks, shares of PC Jeweller is down 25 percent after the company canceled its buyback issue, while Tata Motors is lower by 4 percent after a Moody’s downgrade.

Rupee Opens: The Indian rupee opened marginally lower at 68.55 per dollar on Monday versus previous close 68.52.

Click here to get Free Commodity Tips

The rupee fell on Friday, ahead of the trade balance number that was released post market hours. India’s trade deficit for June widened to the highest level driven largely by a surge in oil prices, said Motilal Oswal.

Merchandise exports rose 17.57 percent Y-o-Y in June, the trade deficit widened to USD 16.6 billion from USD 14.62 billion in May. Oil imports during April- June 2018-19 were valued at USD 34.64 billion which was 49.44 percent higher as compared to the same period last year. Merchandise exports last month rose to USD 27.7 billion from a year ago, while imports rose 21.31 percent Y-o-Y to USD 44.3 billion.

Data released by the RBI showed India’s FX reserves fell another USD 248 million to USD 405.81 billion for the week ended 6th July suggesting that the central bank continues to intervene to curtail volatility of the currency.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex at record high, gains over 250 pts; Nifty @11K

Market Live: Sensex at record high, gains over 250 pts; Nifty @11K. Positive global cues spill over to Indian markets. Nifty reclaimed 11,000, while the Sensex touched an all-time high mark.

Positive global cues spill over to Indian markets. Nifty reclaimed 11,000, while the Sensex touched an all-time high mark. 

Click here To know about the  Best Stock Advisory India

Market Update: Equity benchmarks have continued to trade strong, with the Sensex rising over 250 points, while the Nifty continues to trade above 11,000-mark.

The Sensex is up 269.49 points or 0.74% at 36535.42, while the Nifty is up 84.30 points or 0.77% at 11032.60. The market breadth is positive as 1,295 shares advanced, against a decline of 548 shares, while 112 shares are unchanged.

Yes Bank, Reliance Industries, HPCL, and BPCL were the top gainers, while Infosys, M&M, and Bharti Infratel lost the most.

Buzzing Stock: Shares of Fortis Healthcare rose 2.7 percent in the opening trade on Thursday as the company to consider fundraising.

A meeting of the board of directors of a company shall be held on July 13 to consider and if thought fit approves raising funds through issue of securities on a preferential allotment basis.

The share touched its 52-week high Rs 171.35 and 52-week low Rs 106.65 on 03 January 2018 and 06 February 2018, respectively.

Buzzing Stock: Shares of HCL Technologies added 1.5 percent in the opening trade on Thursday as the board to consider buyback of shares.

A meeting of the board of directors of the company is scheduled to be held on July 12, 2018, to consider a proposal for buyback of equity shares.
 

Market opens: It’s a green start to the market and the Nifty has managed to reclaim 11,000 in the opening tick. It has achieved the feat for the first time since February 1. The Sensex is touched an all-time high mark as well and is up over 180 points as well.

Click here to get Free Commodity Tips

The Sensex is up 187.13 points or 0.52% at 36,453.06, while the Nifty is up 65.40 points or 0.60% at 11,013.70. The market breadth is positive as 502 shares advanced, against a decline of 139 shares, whereas 41 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains in PSU banks, energy and metal names, while midcaps, too, are trading almost a percent higher.

Rupee opens: The Indian rupee opened flat at 68.76 per dollar on Thursday against previous close 68.77. Rupee consolidated in a narrow range of 68.50 and 69.00(Spot) despite strength in the dollar against its major crosses and volatility in global crude prices. On the domestic front, volatility for the USDINR pair could be confined to a narrow range ahead of inflation and industrial production number that will be released today. The expectation is that inflation could inch higher and that could keep gains capped for the rupee, said Motilal Oswal.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex extends gains, trades above 36,000; Nifty hits 10,900; midcaps trade strong

Market Live: Sensex extends gains, trades above 36,000; Nifty hits 10,900; midcaps trade strong.

Sensex trades over 200 points higher, hitting 36,000 in the opening tick, while the Nifty is now trading above 10,900.

Click here To know about the  Best Stock Advisory India

Market Update: The market has extended its gains, with the Sensex gaining over 200 points, while the Nifty is trading well above 10,-00-mark.

The market breadth is positive as 1223 shares advanced, against a decline of 468 shares, while 80 shares were unchanged.

Reliance Industries, Yes Bank, HCL Technologies and UPL are the top gainers, while Sun Pharma, Kotak Mahindra Bank, and HPCL have lost the most.

 

Market Opens: Equity benchmarks have begun the day on a strong note, with the Sensex conquering 36,000-mark in the opening tick, while the Nifty is just short of 10,900.

At 09:16 hrs IST, the Sensex is up 112.11 points at 36046.83, while the Nifty is up 30.80 points at 10883.70. The market breadth is positive as 480 shares advanced, against a decline of 148 shares, while 46 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains visible among PSU banks. IT, pharmaceuticals and energy indices on the Nifty have followed suit. The Nifty Midcap index is also up around half a percent.

Click here to get Free Commodity Tips

ONGC, State Bank of India, and HCL Tech are the top gainers, while TCS, Asian Paints and Bharti Infratel have lost the most.

Rupee opens: The Indian rupee opened flat at 68.72 per dollar on Tuesday versus 68.72 yesterday.

The dollar-rupee July contract on the NSE was at 68.86 in the previous session. July contract open interest increased 2.40 percent 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

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex up 150 pts, Nifty test 10,800; Varroc Engg, Titan Infosys most active

Market Live: Sensex up 150 pts, Nifty test 10,800; Varroc Engg, Titan Infosys most active. All the sectoral indices are trading positive with auto and energy index up more than 1 percent.

Market Check: The market is trading at day's high with Sensex up more than 150 points and Nifty trading above 10,800.

The Sensex is up 163.99 points at 35,738.54, and the Nifty up 53 points at 10802.80.

All the sectoral indices are trading positive with auto and energy index up more than 1 percent.

Click here To know about the  Best Stock Advisory India

Crude Update: Oil markets opened cautiously lower on Friday ahead of a raft of import tariffs set to be imposed later in the day by the world's two biggest economies, the United States and China.

International Brent crude oil futures were at $77.18 per barrel at 0043 GMT, down 21 cents, or 0.3 percent, from their last close.

US West Texas Intermediate (WTI) crude futures were down 6 cents, or 0.1 percent, at $72.88 per barrel.

Gold Update: Gold prices nudged lower amid a steady dollar on Friday, with investors bracing for any impact on global markets from a deepening trade conflict between the United States and China.

The United States is due to begin collecting tariffs on USD 34 billion in Chinese goods. US jobs data later in the day was in focus as well.

Spot gold had fallen 0.3 percent to USD 1,253.11 an ounce. US gold futures for August delivery were 0.4-percent lower at USD 1,254.10 an ounce.

Gold prices were being weighed down by a steady dollar, said Helen Lau, analyst at Argonaut Securities.

Market Opening: The benchmark indices are marginally lower in the opening trade amid weak Asian markets.

The Sensex is up 24.01 points or 0.07% at 35598.56, and the Nifty up 1.70 points or 0.02% at 10751.50. About 371 shares have advanced, 517 shares declined, and 55 shares are unchanged.

Vedanta, Titan, Hindalco, Tata Steel, UntraTech Cement, ONGC, IndusInd Bank, Maruti Suzuki and HDFC are the major loser in the market.

Infosys, HCL Tech, IOC, TCS, RIL, are the gainers in the market

Sobha gained 3 percent after reporting better sales numbers.

Delta Corp, HEG, Graphte India are trading higher with 1-3 percent gain.

Rupee Update: The Indian rupee opened higher by 7 paise at 68.88 per dollar on Friday versus previous close 68.95.

Click here to get Free Commodity Tips

The rupee closed at record lows in yesterday’s trading session as traders turn cautious of China and US tariff implementation and are expected to open flat against the dollar amid weakness before US tariffs on China take effect and decline in crude oil prices, said Motilal Oswal.

The Trump administration has imposed tariffs on a range of imported goods, including steel and aluminum, to protect domestic industries from what it says is unfair competition from foreign manufacturers. The 25% duty will apply to USD 34 billion worth of Chinese goods, ranging from aircraft to chicken incubators.

The FOMC minutes stated that further gradual increases in the target range for the federal funds rate will be consistent with sustained expansion of economic activity, strong labour market conditions, and inflation near the Committee's symmetric 2% objective over the medium term.

Today, USD-INR pair is expected to trade sideways within narrow range of 68.55-69.20.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex, Nifty rangebound; RIL second largest paraxylene producer in the World

Market Live: Sensex, Nifty rangebound; RIL second largest paraxylene producer in the World.

Among the sector, pharma, banks, FMCG are holding the gains, while auto, metal, IT, infra are trading lower.

Market Update: Benchmark indices continued to consolidate with a negative bias. The Sensex fell 62.25 points to 35,583.15 and the Nifty declined 18.70 points to 10,751.20.

About four shares declined for every three shares rising on the BSE.

Market Check: The market is trading with the marginal loss with Sensex down 70 points at 35576.87, while Nifty trading below 10,750.

Click here To know about the  Best Stock Advisory India

About 943 shares have advanced, 1062 shares declined, and 113 shares are unchanged.

Infosys, Titan Company, Tata Motors, Vedanta and Tata Steel are the negative contributors to the Nifty.

Among the sector, pharma, banks, FMCG are holding the gains, while auto, metal, IT, infra are trading lower.

Crude Update: Oil prices eased after US President Donald Trump sent a tweet urging OPEC to reduce prices for crude.

Brent crude futures were at $77.68 per barrel, down 0.72 percent, from their last close.

US West Texas Intermediate (WTI) crude futures were down 0.38 percent, at $73.86 per barrel.

Trump late on Wednesday said the Organization of Petroleum Exporting Countries (OPEC) producer cartel was driving up fuel prices.

"The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $'s. This must be a two-way street. REDUCE PRICING NOW!" Trump wrote on Twitter. Reuters reported.

Rupee Update: The rupee declined 9 paise to 68.83 against the US dollar, pressured by a lower opening in the domestic stock market.

Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee.

Foreign portfolio investors (FPIs) sold shares worth Rs 284.58 crore yesterday, as per provisional data.

Forex dealers said the rise of euro and yen against the greenback capped the rupee's fall.

Yesterday, the rupee had lost 17 paise at 68.74 against the dollar amid rising crude oil prices and inflationary concerns after MSP hike for Kharif crops by the government, reports PTI.

Market Opening: Benchmark indices are trading flat in opening trade amid weak Asian markets.

The Sensex down 4.94 points at 35640.46, and the Nifty down 1.10 points at 10768.80.

Bajaj Finserv, M&M, Yes Bank, BPCL, Hero Motocorp, UltraTech Cement, HPCL, Dr. Reddy's Labs, Tech Mahindra, and Lupin are early gainers.

Tata Steel, Titan Company, Idea Cellular, Bharti Airtel, Tata Motors and Bajaj Auto are under pressure.

Click here to get Free Commodity Tips

The Nifty Midcap index fell 17 points while Nifty Bank index gained 20 points.

Bharat Forge, Force Motors, Future Lifestyle, Shriram Transport and Biocon gained up to 3 percent while Tata Coffee is under pressure.

Reliance Industries gained more than 1 percent ahead of 41 AGM scheduled to be held today.

Rupee Update: The Indian rupee opened lower by 6 paise at 68.80 per dollar on Thursday against previous close 68.74.

Yesterday rupee fell against the US dollar in the latter half of the session primarily on back of rising in global crude oil prices. Volatility for major currencies including the rupee was low in yesterday’s session as US markets were shut on account of Independence Day holiday, said Motilal Oswal.

On the other hand, global crude oil prices could trade in a wide range keeping most market participants on the edge. Crude has been one of the major factors that led to volatility in most asset classes. Iranian President threatened to disrupt oil shipments from neighboring states if Washington continued to press all countries to stop buying Iranian oil.

Today, USD-INR pair is expected to quote in the range of 68.50 and 69.05, it added.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Nifty hovers around 10,700; traders remain cautious ahead of Q1 earnings

Market Live: Nifty hovers around 10,700; traders remain cautious ahead of Q1 earnings. Asian markets are under pressure amid trade tensions.

Asian markets are under pressure amid trade tensions.
 

Click here To know about the  Best Stock Advisory India

Market Update: The market remained rangebound with the Nifty hovering around 10,700 levels as traders eagerly await June quarter earnings that will start next week.

The Sensex fell 0.47 points to 35,378.13 and the Nifty declined 0.50 points to 10,699.40.

The Nifty Midcap is down third of a percent while the sectoral trend is mixed with Nifty Pharma rising over a percent.

Shares of Shriram Transport Finance tanked around 14 percent as investors turned cautious of a guarantee of Rs 870 crore provided by the firm for its unlisted subsidiary.

Market Update: Benchmark indices continued to be rangebound as traders remain cautious ahead of June quarter earnings season that will begin next week.

The Sensex fell 23.29 points to 35,355.31 and the Nifty slipped 5.70 points to 10,694.20.

Market Opening: Benchmark indices as well as, broader markets are flat in opening trade as investors await June quarter earnings season that will begin next week.

The Sensex rose 38.76 points to 35,417.36 and the Nifty gained 6.80 points at 10,706.70.

Tata Motors, Maruti Suzuki, Tata Steel, Titan Company, Cipla, Lupin, Bajaj Auto, Bajaj Finance, Bajaj Finserv, Power Grid and Reliance Industries are early gainers.

Vedanta, Hindalco Industries, Infosys, HCL Tech and TCS are under pressure.

Nifty Midcap index fell 32 points and Nifty Bank declined 14 points.

Shriram Transport shares plunged 11 percent as the group company provides guarantee against non-convertible debentures.

8K Miles Software, Taj GVK, GVK Power, Graphite India, Kiri Industries and Reliance Communications gained up to 13 percent.

Fortis, Vakrangee, VST Tillers, Tata Coffee and Federal Bank are under pressure.

Click here to get Free Commodity Tips

Rupee Trade: The Indian rupee opened higher by 6 paise at 68.52 per dollar on Wednesday versus previous close 68.58.

The USD-INR pair seems to be losing steam for further up move as the dollar lost some of its gains against its major crosses. Volatility in global crude oil prices continue to remain high as supply constraints from Libya and Canada kept prices supported on lower levels, said Motilal Oswal.

Yesterday, crude rose to the highest level since November 2014 after API inventory showed drawdown of 4.5mbpd. On the domestic front, no major economic data is expected to be released and the rupee could determine its trend from the move in the dollar. Today, USD-INR pair is expected to
quote in the range of 68.50 and 69.05, it added.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex gains strength, Nifty reclaims 10,700; RIL, TCS, Infosys lead

Market Live: Sensex gains strength, Nifty reclaims 10,700; RIL, TCS, Infosys lead. Asian stocks traded lower, with China's Shanghai Composite falling further amid trade tensions.

Asian stocks traded lower, with China's Shanghai Composite falling further amid trade tensions.

Click here To know about the  Best Stock Advisory India

Market Update: The market gained strength with the Sensex rising around 150 points and the Nifty reclaiming 10,700 levels, backed by Reliance Industries, Infosys, TCS and HDFC Bank.

China's Shanghai Composite and Japan's Nikkei recovered from day's low to trade flat. Investors closely monitor trade tensions between world's largest economies US and Beijing.

The 30-share BSE Sensex rose 152.18 points to 35,416.59 and the 50-share NSE Nifty gained 44.80 points at 10,702.10.

Crude Outlook: While raising Brent crude forecast to $85 per barrel for second half of CY18, Morgan Stanley said it sees the lower output from Iran, Libya & Angola going ahead.

The research house has increased its output forecasts for Saudi Arabia

Crude Update: Oil prices climbed after Libya declared force majeure on significant amounts of its supply, but rising overall output from OPEC as well as in the United States was dragging on markets.

Brent crude oil futures were at $77.85 per barrel, up 0.71 percent, from their last close.

US West Texas Intermediate (WTI) crude futures were up 0.88 percent, at $74.58, reports Reuters.

Rupee Trade: The Indian rupee traded lower by 12 paise at 68.91 per dollar on fresh demand for the American currency.

Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47.

Yesterday rupee gained in the first half of the session but came under pressure in the latter half of the session following strength in the dollar against its major crosses and higher global crude oil prices. Yesterday, crude rallied after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets, said Motilal Oswal.

Libya’s National Oil Corporation declared force majeure on loadings from Zueitina and Hariga ports, resulting in total production losses of 850,000 bpd due to the closure of eastern fields and ports. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.30, it added.

 Click here to get Free Commodity Tips

Market Opening: Benchmark indices started off trade on a flat note despite weakness in the Asian peers due to ongoing trade tensions between US and China.

The Sensex fell 33.24 points to 35,231.17 and the Nifty slipped 11.40 points to 10,645.90.

Hero MotoCorp, TCS, Dr. Reddy's Labs, Bajaj Auto and Coal India are early gainers.

Vedanta, Grasim, Bharti Infratel, ICICI Bank, HDFC, Titan Company, Maruti Suzuki, Cipla, Yes Bank, PNB and Bank of Baroda are under pressure.

The Nifty Midcap index fell 54 points.

8K Miles Software, AU Small Finance, Vakrangee, SREI Infra, ICICI Prudential, IDBI Bank, Nalco and Ashok Leyland lost ground. while Strides Shasun, NCC, Tata Power and Jyothy Labs are gainers.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.

Market Live: Sensex falls 300 pts, metals lose shine; Europe falls 1% amid trade tensions

Market Live: Sensex falls 300 pts, metals lose shine; Europe falls 1% amid trade tensions.

All sectoral indices traded in the red except IT. Metals lost shine.

Market Update: The market is off its day's low in the afternoon amid selling pressure in global peers on German politics and trade tensions.

The 30-share BSE Sensex fell 209.76 points to 35,213.72 and the 50-share NSE Nifty declined 76.10 points to 10,638.20.

Click here To know about the  Best Stock Advisory India

The Nifty Bank also fell more than 200 points while the Nifty Midcap dropped over a percent.

HDFC Bank, ITC, L&T, IOC, HDFC and Reliance Industries are top five contributors to the Nifty's fall while IT stocks like TCS and Infosys outperformed.

Oil prices slide on increase in supply: Oil prices fell by more than 1 percent on increase in supply from top exporter Saudi Arabia and as there are some signs of an economic slowdown in Asia which may dent the outlook for demand.

Brent crude oil futures were at $78.30 per barrel, down 1.17 percent, from their last close.

US West Texas Intermediate crude futures were down 0.77 percent, at $73.55 a barrel, after rising more than 8 percent last week.

Europe Update: Shares in Europe opened sharply lower as investors question the stability of the German government and wider trade links between the European Union and the US.

France's CAC, Germany's DAX and Britain's FTSE fell 1 percent each.

Market Update: The market extended losses in afternoon after further sell-off in Asian peers ahead of the implementation of US tariffs on $34 billion of Chinese products later this week.

The Sensex loses around 300 points while China's Shanghai Composite, Japan's Nikkei and South Korea's Kospi fall more than 2%

All sectoral indices traded in the red except IT while the Nifty Midcap index loses over a percent.

Market Opening: Benchmark indices started off the first day of second half of CY18 on a flat note, tracking mixed Asian cues amid ongoing trade tensions.

The 30-share BSE Sensex rose 32.99 points to 35,456.47 and the 50-share NSE Nifty gained 0.80 points at 10,715.10.

Tata Motors, Tata Steel, Maruti Suzuki, HPCL, BPCL, Bajaj Auto, Titan Company, Tech Mahindra and Infosys are early gainers.

Vedanta, Eicher Motors, Coal India, NTPC, GAIL, ITC and Bharti Airtel are early losers.

The Nifty Midcap index gained 20 points while Nifty Bank fell 82 points.

Ashok Leyland, HEG, Graphite India and IDBI Bank gained up to 5 percent.

Nalco, Andhra Bank and Bata India are under pressure.

Click here to get Free Commodity Tips

Rupee Opening: The Indian rupee opened flat at 68.48 per dollar on Monday versus 68.47 Friday.

On Friday, rupee came under pressure in the first half of the sessions but losses for the currency were limited on suspected RBI interventions that curbed any major weakness for the currency and as the dollar weakened against its major crosses, said Motilal Oswal.

On Friday, data released by the RBI showed India’s FX reserves saw further erosion of USD 2.25billion and reserves for the week ended June 22 stands at USD 407.81 billion.

Today in the Asian session global crude oil prices have corrected after US president during the weekend tweeted that he has urged Saudi to increase oil production to keep prices in control. Today, USDINR pair is expected to quote in the range of 68.40 and 68.85, it added.

-------------------------------------------------------------------------------------------------------------------------

For More Information regarding Stock market news updates &  Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.