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Jesus replied: “ ‘Love the Lord your God with all your heart and with all your soul and with all your mind.’ This is the first and greatest commandment. And the second is like it: ‘Love your neighbor as yourself.’ All the Law and the Prophets hang on these two commandments.” Matthew 22:37-40

1 Feb 2016


9:51 a.m.: The market breadth was positive as 1,187 stocks were advancing while 543 were declining.

9:49 a.m.: Yes Bank which advanced 2.37 per cent in the opening deals, slipped into the negative territory owing to some profit-booking after a sharp run-up post the results on Friday. The stock was down 0.11 per cent at Rs 746.

9:42 a.m.: Nifty seems to have made a bottom at 7,241, the level it touched two weeks ago, says Sushil Choksey of Rosy Blue Securities.

9:36 a.m.: DHFL, Petronet LNG, Jain Irrigation Systems, IDBI Bank, SKS Microfinance, Voltas, Godrej Industries, IFCI and Jindal Steel were among the top gainers from the Nifty Mid-Cap 50 basket of stocks, up 1-3.2 per cent each.

9:33 a.m.: The broader markets were outperforming the benchmark indices. The BSE mid-cap index advanced 0.65 per cent and the small-cap index jumped 0.79 per cent.

9:31 a.m.: Bank Nifty was down 0.46 per cent; ICICI Bank was the top loser in the Nifty, the stock fell 2.45 per cent to Rs 227. Canara Bank, State Bank of India, Axis Bank, Punjab National Bank and Kotak Mahindra Bank were among the losers.

9:18 a.m.: The Sensex and Nifty opened on a flat note in trades on Monday after China's manufacturing sector contracted at its fastest pace in almost three-and-a-half years in January, missing market expectations, an official survey showed on Monday.

The Sensex was up 33 points at 24,903 and the 50-share Nifty advanced 10 points to 7,574.

Meanwhile, buying was visible in select capital goods and pharma stocks. On the other hand, selling pressure was seen in banking, metal, oil & gas, power and FMCG stocks.

From the Nifty-50 basket of stocks, 27 stocks were advancing while 23 were declining.

Larsen & Toubro was the top Nifty gainer the stock jumped 3.3 per cent to Rs 1,138 after the company reported robust order inflows during the third quarter of the current financial year.

Grassim Industries, Lupin, Cipla, Bharti Airtel, Sun Pharma and HCL Technologies were also among the gainers, up 1-4.6 per cent each.

On the other hand, selling was visible in GAIL India, ICICI Bank, Vedanta, ONGC, State Bank of India, BPCL and HUL were among the losers, dowm 1-2.5 per cent each.

The Sensex and Nifty are likely to open on higher tracking positive trading of Nifty futures on the Singapore Stock Exchange.

The Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was up 0.65 per cent or 49 points at 7,600.

Meanwhile, Asian markets were trading on a mixed note. Japan's Nikkei advanced 1.7 per cent and South Korea's KOSPI was up 0.2 per cent. On the other hand, Hong Kong's Hang Seng was down 0.3 per cent and China's Shanghai Composite slipped 0.8 per cent.

Wall Street surged over 2 per cent on Friday after the Bank of Japan unexpectedly cut interest rates and Microsoft led a major rally in technology shares, repairing some of the damage to the S&P 500's worst January since 2009.

Slammed by collapsing oil prices that have fed doubts about the health of the global economy, stocks have had a volatile start to the year. At one point last week, the S&P's loss for 2016 reached 11 per cent before recovering to end the month of January down 5 per cent.

The index rose 2.48 per cent on Friday, its strongest day since September.

The Dow Jones industrial average ended 2.47 per cent higher at 16,466.30 while the S&P 500 gained 46.88 points or 2.48 per cent higher to end at 1,940.24.

The Nasdaq Composite surged 2.38 per cent to 4,613.95.

Back home, the foreign institutional investors bought shares worth Rs 571.7 crore while domestic institutional investors purchased shares worth Rs 240 crore on Friday.

Larsen & Toubro will be in focus today, company post the market hours on Friday reported that its quarterly net profit rose nearly a fifth as it won more orders for building roads and power transmission networks although the rise was smaller than expected.

L&T said consolidated net profit in the quarter ended on December 31 rose to Rs 1,035 crore from Rs 867 crore a year earlier.

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