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.
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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 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.
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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.
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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.
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.
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