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.

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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.

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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.

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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. 

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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.

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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.

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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.

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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. 

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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. 

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.
 

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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.

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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.

 

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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.

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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.

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