Market Live: Sensex up over 100 points, Nifty manages to stay above 11,700; metals surge

NTPC, Tata Motors, and Hindalco are the top gainers, while Yes Bank, Hero MotoCorp, and Titan continue to be the top losers.

Buzzing: Share price of HIL rose 6 percent as the company completed the acquisition of Germany based Parador Holdings GmbH.

The company through its wholly owned subsidiary, HIL International GmbH, Germany has completed the acquisition of Parador Holdings GmbH after receiving all necessary regulatory approvals including anti-trust approvals from the German Federal Republic.

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The all-cash consideration is being funded by HIL through a combination of Euro debt, INR debt, and internal accruals.

Market Update: Bulls are getting the momentum back in their favor. The Sensex is up over 100 points, while the Nifty is managing comfortably to stay above 11,700.

The Sensex is up 140.60 points or 0.36% at 38834.71, while the Nifty is up 40.10 points or 0.34% at 11732.10. The market breadth is positive as 1,059 shares advanced, against a decline of 1,056 shares, while 133 shares were unchanged.

NTPC, Tata Motors, and Hindalco are the top gainers, while Yes Bank, Hero MotoCorp, and Titan continue to be the top losers.

Market Update: After opening at fresh record highs, equities have erased some of their gains on the back of selling in banks. The Bank Nifty is down one-third of a percent. Weakness in midcaps, too, has weighed on the indices.

The Nifty is now trading just above 11,700-mark. Other sectoral gainers include pharmaceuticals, IT and energy names. Among stocks, shares of Jet Airways rose 3 percent, even as the airline reported a loss of Rs 1,300 crore for the June quarter.

Meanwhile, RIL has hit another milestone, touching Rs 1,300 apiece.

The Sensex is up 80.75 points or 0.21% at 38774.86, while the Nifty is up 24.00 points or 0.21% at 11716.00. The market breadth is narrow as 913 shares advanced, against a decline of 909 shares, while 108 shares were unchanged.

Market Opens: It’s another record high start for the market on Tuesday morning, with the Nifty hitting 11,700 for the first time, while the Sensex rose over 150 points to hit another record high in the opening trade.

The Sensex is up 182.75 points or 0.47% at 38876.86, while the Nifty is up 56.30 points or 0.48% at 11748.30. The market breadth is positive as 602 shares advanced, against a decline of 216 shares, while 47 shares were unchanged.

Among top gainers are Kotak Mahindra Bank, M&M, HDFC, Lupin and Page Industries, while Yes Bank, HPCL, Titan, and BPCL have lost the most.

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Rupee Opens: The Indian rupee opened higher by 14 paise at 70.02 per dollar on Tuesday versus previous close 70.16.

Rupee consolidated in abroad range for the tenth consecutive sessions despite weakness in the dollar against its major crosses. Yesterday, the dollar was weighed down after US and Mexico agreed to overhaul the NAFTA, putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact, said Motilal Oswal.

US president threatened he still could put tariffs on Canadian-made cars if Canada did not join its neighbors and warned he expected concessions on Canada’s dairy protections.

Today, USD-INR pair is expected to quote in the range of 69.80 and 70.20, it added.

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Market Live: Sensex extends gains to 350 points post record high opening, Nifty hits 11,650

Buying counters were buzzing the most among banks as well as metals, along with FMCG, infrastructure, IT and pharmaceuticals, among others. Midcaps, too, added to the gain, with the Nifty Midcap index surging almost a percent.

Market Update: It’s a strong trading day for the market on this Monday morning, with benchmarks clinching fresh record highs. The Sensex is up over 350 points, while the Nifty has hit 11,650 as well.

Buying counters were buzzing the most among banks as well as metals, along with FMCG, infrastructure, IT and pharmaceuticals, among others. Midcaps, too, added to the gain, with the Nifty Midcap index surging almost a percent. Strong global cues are also helping D-Street. 

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At 09:50 hrs IST, the Sensex is up 350.21 points or 0.92% at 38602.01, and the Nifty up 99.30 points or 0.86% at 11656.40. The market breadth is positive as 1,273 shares advanced, against a decline of 512 shares, while 116 shares were unchanged.

Among shares, Future Retail is up 3 percent on a report of Paytm, Google eyeing 7-10% stake in the firm, while RIL is up 1 percent on the buzz of Jio becoming second largest telco by revenue market share.

Market opens: It’s a good start to this Monday morning on D-Street as equities rode on positive global sentiment. The Sensex and Nifty have hit fresh record highs. The 50-share index is also trading above 11,600.

Banks and metals are leading the charts among sectoral indices, while pharmaceuticals, FMCG, and infrastructure are following them. There is strong growth in midcaps seen as well, with the Nifty Midcap gaining around a percent.

The Sensex is up 204.70 points or 0.54% at 38456.50, while the Nifty is up 62.60 points or 0.54% at 11619.70. The market breadth is positive as 447 shares advanced, against a decline of 120 shares, while 61 shares were unchanged.

State Bank of India, Yes Bank, and Hindalco are the top gainers, while Wipro, TCS, and Bharti Infratel have lost the most.

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Rupee opens: The Indian rupee gained in the opening trade on Monday. It has opened higher by 15 paise at 69.76 per dollar versus 69.91 Friday.

On Friday, Rupee rose following weakness in the dollar against its major crosses and ahead of Fed chairman statement at the Jackson Hole Symposium. In the recent past, the rupee has been under pressure primarily on the back of global factors than domestic factors, said Motilal Oswal.

Broad dollar strength has been one of the major factors that led to weakness in major Asian currencies and rupee has been one of the weakest of the pack. Data released by RBI showed FX reserves for the week ended August 24 remained more or less unchanged compared to previous week at USD 400.84 billion.

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Market Live: Sensex up 250 points; Nifty holding above 11,500; Infra up 2%, PSU bank gains

Among sectors, barring IT index all other sectoral indices are trading higher led by metal, bank, energy, infra and pharma. The Nifty Midcap index is also up over half a percent.

Buzzing: Infosys slipped over 3 percent in morning trade on Monday after the company on Saturday announced that its Chief Financial Officer M D Ranganath has stepped down to pursue “professional opportunities in new areas”.

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The stock which rallied by about 40 percent in 2018 came under pressure. The index breached its crucial psychological support at Rs 1400.

At 09:40 hrs Infosys was quoting at Rs 1,395.70, down Rs 35.65, or 2.49 percent on the BSE.

Market opens: Strong start for the D-Street, following positive global cues as Nifty surpassed 11,500 for the first time, while the Sensex is up around 150 points.

Among sectors, barring IT index all other sectoral indices are trading higher led by metal, bank, energy, infra, and pharma. The Nifty Midcap index is also up over half a percent.

At 09:16 hrs IST, the Sensex is up 154.63 points or 0.41% at 38102.51, and the Nifty up 41.40 points or 0.36% at 11512.20. About 688 shares have advanced, 243 shares declined, and 57 shares are unchanged.

Infosys shed 3 percent on CFO resignation, while shares of Yes Bank, RIL, Future Retail are among major gainers. L&T surged 4 percent as a board to consider buyback on August 23.

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Rupee Opens: The Indian rupee gained in the early trade on Monday. It has opened strong at 69.83 per dollar, a gain of 32 paise versus previous close 70.15.

Technically now USD-INR s getting support at 70.1075 and below same could see a test of 69.96 level, and resistance is now likely to be seen at 70.4475, a move above could see prices testing 70.64, according to LKP report.

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Market Live: Banks continue to weigh on Sensex, Nifty; IT gains post rupee’s fall

Banks have continued to be weak along with auto, energy and metal names. Traditional defensives IT and pharma are trading in the green.

Market Update: Banks have continued to be weak along with auto, energy and metal names. Traditional defensives IT and pharma are trading in the green.

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Equity benchmarks have continued to trade in the red on Monday morning. The Sensex is down over 250 points, while the Nifty is hovering around 11,350-mark.

At 10:29 hrs IST, the Sensex is down 261.15 points or 0.69% at 37608.08, and the Nifty down 75.00 points or 0.66% at 11354.50. The market breadth is negative as 721 shares advanced, against a decline of 1,365 shares, while 106 shares were unchanged.

Banks have continued to be weak along with auto, energy and metal names. Traditional defensives IT and pharma are trading in the green. 

Brokerages on HDFC Bank: Shares of HDFC Bank were down around 2 percent on Monday morning, following an abrupt resignation by Deputy MD Paresh Sukthankar last week.

Global research firm Nomura believes that the exit is a small, near-term negative and that the potential MD&CEO candidate could be an outsider now. It also highlighted that the timing of this & notice period of 3 months matches with the change in guard at Axis Bank. It reiterated that the speculation in the market is also pointing towards that. Should this event take place, there could a re-rating on Axis Bank.

Meanwhile, Citi said that some investors could show concern as the development has come around the QIP issue. Puri had indicated in analyst meet in 2018 that external & internal candidates will be considered, the report highlighted.

Macquarie, on the other hand, said that the early resignation has come in as a surprise. At the margin this development is negative, it said, adding that the bank will manage the challenge well. It also believes that Sukthankar will be a good fit for Axis Bank.

Buzzing: Shares of NBCC fell 6.2 percent in the early trade on Monday despite company reported better numbers in the quarter ended June 2018.

The company's Q1 consolidated net profit was up 23.9 percent at Rs 73.2 crore versus Rs 59.1 crore in a year ago period.

Revenue was up 19.1 percent at Rs 1,844 crore versus Rs 1,548.9 crore.

The company has received an order from Central Board of Secondary Education (CBSE) for construction of CBSE, Integrated Office Complex at Sector-23, Dwarka, New Delhi amounting to Rs 150 crore.

Market Opens: Bears took the control on the D-street as the benchmark indices opened lower on Monday morning, with the Nifty trading around 11,350, while the Sensex trading around 37,600.

The Sensex is down 268.42 points at 37600.81, and the Nifty down 73.80 points at 11355.70. About 347 shares have advanced, 846 shares declined, and 71 shares are unchanged.

Nifty Bank down 1 percent as banking stocks were under pressure post the rupee touched a record low of 69.49 in the opening trade on Monday.

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SBI, Vedanta, Indiabulls Housing, Hindalco, UPL, Bharti Airtel, Union Bank, NBCC, Jet Airways, Tata Motors, Nalco are among the major losers on indices, while Dr. Reddy's Lab, Sun Pharma, TCS, Corporation Bank are trading with marginal gains.

Rupee opens at record low: The Indian rupee slipped to a record low as it fell 66 paise in the early trade on Monday.

It has opened at 69.47 per dollar on Monday versus 68.83 Friday.

The dollar-rupee August contract on the NSE was at 68.99 in the previous session. August contract open interest declined 1.86% 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.

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Market Live: Sensex, Nifty give up gains after opening at record high; Adani Ports down 6%

Metal remains the top gainer, while banks, pharma, and energy names are in the red.

Buzzing: Shares of Suven Life Sciences rose 1.6 percent as company secured 1 patent each from Mexico and New Zealand.

The new patents are corresponding to the new chemical entities for the treatment of disorders associated with Neurodegenerative diseases and patents are valid through 2030 and 2036 respectively.

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Market Update: After beginning the day at record highs, shares have given up all of their gains and trading around the flat line. The Nifty has given up 11,400-mark as well. A drag in financials, which were the biggest gainers on Monday, has hit the market on Tuesday morning.

The Sensex is up 9.05 points or 0.02% at 37700.94, while the Nifty is up 2.80 points or 0.02% at 11389.90. The market breadth is positive as 1,078 shares advanced, against a decline of 625 shares, while 94 shares are unchanged.

Among sectoral indices, metal remains the top gainer, while banks, pharma, and energy names have lost the most. The Midcap index too has lost some sheen and is up just around 0.10 percent. Among stocks, shares of Adani Power have fallen 10 percent intraday after the firm’s net loss widened to Rs 825 crore in the June quarter. Metal stocks are up in trade, with gains from Vedanta and Hindalco aiding the rally.

Market Opens: Equity benchmarks have begun the day on a record high note, with the Nifty trading comfortably above 11,400. The Sensex has risen over 100 points.

The Sensex is up 115.50 points or 0.31% at 37807.39, while the Nifty is up 32.00 points or 0.28% at 11419.10. The market breadth is positive as 464 shares advanced, against a decline of 119 shares, while 60 shares are unchanged.

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All sectoral indices are trading in the green, with maximum gain seen in auto names. IT, metals and pharma space is also trading higher. In the broader markets, the Nifty Midcap index is up over one-third of a percent.

Infosys, M&M, Hindalco, and GAIL are the top gainers, while Adani Ports and ICICI Bank have lost the most. 

Rupee opens: The Indian rupee opened marginally lower at 68.91 per dollar on Tuesday versus previous close 68.88.

The dollar-rupee August contract on the NSE was at 69.04 in the previous session. August contract open interest increased almost 6.09% 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.

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Market Live: Nifty above 11,300; Sensex up over 250 points; PSU banks, midcap up 1%

All sectoral indices are trading in the green, with gains in pharma, metals, energy and auto names, while midcaps have seen a strong start as well.

Buzzing: Shares of a multiplex chain, PVR, rose around 10 percent on Friday morning as investors bet on the company renewing ticketing arrangement with Bookmyshow and Paytm.

The stock touched an intraday high of Rs 1,211.65 and an intraday low of Rs 1,134.00.

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The company renewed its non-exclusive arrangements with Paytm and Bookmyshow for booking and selling the theatre’s ticketing inventory through a web and app-based platforms for three years.

Market opens: After a weak two sessions, equity benchmarks on Friday morning have started the day on a good note.

At 09:15 hrs IST, the Sensex is up 182.90 points or 0.49% at 37348.06, while the Nifty is up 60.40 points or 0.54% at 11305.10. The market breadth is positive as 451 shares advanced, against a decline of 96 shares, while 41 shares are unchanged.

All sectoral indices are trading in the green, with gains in pharma, metals, energy and auto names, while midcaps have seen a strong start as well. The Nifty Midcap index is up over 0.6 percent.

Rupee Opens: The Indian rupee opened flat at 68.69 per dollar on Friday versus 68.70 yesterday.

The rupee fell sharply following broad strength in the US dollar against its major crosses after the Federal Reserve held rates unchanged but hinted towards gradual rate hike in the coming months. Earlier this week, RBI in its policy statement considered raising rates by 25bps but retained its neutral stance as it aimed to contain inflation while not choking growth, said Motilal Oswal.

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While the RBI marginally trimmed its inflation projections for the current quarter, the central bank said its inflation projections beyond that remain “broadly unchanged. Today, USD-INR pair is expected to quote in the range of 68.50 and 68.90-69.05, it added.

Market at pre-open: Pre-opening trends suggest that the Sensex and Nifty are likely to have the strong start, with the Nifty trading around 11,300-mark.

At 09:01 hrs, the Sensex is up 198.19 points at 37363.35, and the Nifty up 97.80 points at 11342.50.

ONGC, Kotak Mahindra Bank are higher in pre-opening trade.

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Market Live: Sensex maintains downtrend, Nifty below 11,300; autos crack

Nifty Bank was down 0.5 percent led by ICICI Bank, Axis Bank, Yes Bank, SBI. While other losers are Hindalco, Tata Steel, Bajaj Auto, Tata Motors, Maruti Suzuki.

Market Update: Equity benchmarks have maintained their downtrend from the first hour, with the Sensex trading down over 200 points, while the Nifty managed to hover below 11,300-mark. 
 

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At 11:01 hrs IST, the Sensex is down 223.20 points or 0.59% at 37298.42, and the Nifty down 62.70 points or 0.55% at 11283.50. The market breadth is negative as well as 995 shares advanced, against a decline of 1,147 shares, while 107 shares were unchanged.
 

Selling is visible among automobiles as well as energy names, while the pharma index is up around a percent. Midcaps, too, are trading higher by one-tenth of a percent.

Market Update: The benchmark indices extended their fall after lower opening. The Nifty slipped below 11,300 marks and Sensex also down over 200 points trading at 37,269.

Among the sectors, metal, PSU bank and auto are down over 1 percent.

Vedanta, Yes Bank, Tata Steel, Tata Motors, Maruti Suzuki are the top losers on the Sensex.

Market Opens: The benchmark indices have opened lower with Nifty slipped below 11,350 and Sensex down over 100 points. Nifty PSU banks down 1% led by SBI, Syndicate Bank, Allahabad Bank, Canara Bank, Bank of India, Andhra Bank and Bank of Baroda.

The Sensex is down 132.87 points at 37,388, and the Nifty down 36.20 points at 11,310. About 533 shares have advanced, 558 shares declined, and 57 shares are unchanged.

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Nifty Bank was down 0.5 percent led by ICICI Bank, Axis Bank, Yes Bank, SBI. Other losers are Hindalco, Tata Steel, Bajaj Auto, Tata Motors, Maruti Suzuki.

On the other hand, ONGC, Indiabulls Housing Finance, Lupin,  Sun Pharma, Coal India, Bharti Infratel, Infosys, TCS are among the major gainers.

Rupee Opens: The Indian rupee opened higher by 6 paise at 68.37 per dollar on Thursday versus previous close 68.43.

The rupee rose against the US dollar in the latter half of the session after the RBI considered raising rates by 25 bps but retained its neutral stance as it aimed to contain inflation while not choking growth. It’s the second straight meeting that RBI raised rates but retained its stance Neutral. While the RBI marginally trimmed its inflation projections for the current quarter, the central bank said its inflation projections beyond that remain broadly unchanged, said Motilal Oswal.

Today, USD-INR pair is expected to quote in the range of 68.30 and 68.75, it added.

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Market Live: Sensex, Nifty trade in a narrow range ahead of RBI meet; auto stocks take a hit

Barring financial names, all sectoral indices are trading around the flat line, but energy, FMCG and metal names are trading higher.

Market Update: Equity benchmarks are trading with caution ahead of the outcome of RBI’s MPC meeting outcome. The Sensex is around the flat line, while the Nifty is above 11,370-mark.

Midcaps have further extended their gains to over half a percent, while energy, metals, and pharma indices are trading strong. The Nifty auto index is down 0.30 percent following mixed trends on auto sales for July. 

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The Sensex is up 36.75 points or 0.10% at 37643.33, while the Nifty up 22.00 points or 0.19% at 11378.50. The market breadth is positive as 1,307 shares advanced, against a decline of 784 shares, while 124 shares are unchanged.

Bajaj Auto, TCS, HPCL and IOC are top gainers, while Tata Motors, Maruti Suzuki, and Indiabulls Housing have lost the most.

Market Update: After days of strong starts, the market has taken a slight breather today as equity benchmarks have kicked off August on a flat note. Having said that, both Sensex and Nifty have managed to hit record highs in the opening minutes. The 50-share index is trading well above 11,350-mark.

Barring financial names, all sectoral indices are trading around the flat line, but energy, FMCG and metal names are in the green. The midcap index, too, is up over one-third of a percent.

Among stocks, Tata Motors is one of the biggest losers after its Q1 results showed a net loss. The stock is down over 3 percent now. Bajaj Auto is up around 2 percent following healthy sales for July as well. Other gainers include OMCs such as IOC and BPCL on the back of falling crude oil prices.

Market Opens: Equity benchmarks have started the month on a flat note, but the Nifty has hit another record high of 11,371 in the opening minutes. Investors could be watchful of the outcome of RBI MPC’s meeting outcome later in the day 

The Sensex is currently higher by 24.41 points or 0.06% at 37630.99, while the Nifty is up 12.40 points or 0.11% at 11368.90. The market breadth is positive as 372 shares advanced, against a decline of 117 shares, while 57 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains seen among metals, PSU banks as well as energy names. The midcap index is also up over half a percent.

Among global markets, Asian shares rose, following gains on Wall Street, as a report of attempts to renew talks between the United States and China eased trade war fears, but investors will be keeping a close eye on data due today.

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In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade, while Japan's Nikkei stock index gained 0.5 percent. S&P E-mini futures were up a hair at 2818.

Meanwhile, US stocks rebounded, boosted by gains in industrial shares following reports of renewed trade negotiations between the United States and China.

The Dow Jones Industrial Average rose 108.36 points, or 0.43 percent, to 25,415.19, the S&P 500 gained 13.69 points, or 0.49 percent, to 2,816.29 and the Nasdaq Composite added 41.79 points, or 0.55 percent, to 7,671.79.

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