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.
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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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.
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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