3:26 p.m.: Nifty trading near important resistance levels and
some profit-booking will be visible in the markets, says Ruchit Jain of Angel
Broking.
3:08 p.m.: Yes Bank was the top gainer in the Nifty, up 4 per cent
to Rs 789. Tech Mahindra, Maruti Suzuki, Grasim Industries, Bosch and L&T
were also up 1.9-3.6 per cent each.
3:02 p.m.: Stock markets extended gains in the late noon deals on
the back of buying in capital goods, power, realty and banking share. The
Sensex advanced 119 points to 24,778 and Nifty rose 38 points to 7,523.
2:50 p.m.: The Sensex was up 61 points at 24,720 and Nifty advanced
27 points to 7,512.
2:43 p.m.: Market breadth turned neutral as 1,255 stocks were
declining while 1,213 were advancing.
2:33 p.m.: The BSE mid-cap index also recovered from intraday low
levels. The BSE Mid-cap index was up 0.47 per cent; Crompton Greaves, Page
Industries, SJVN Ltd, Yes Bank, Reliance Infrastructure, Berger Paints, Bajaj
Finance and Indian Bank were among the gainers, up 2.5-7 per cent each.
2:07 p.m.: Realty, capital goods, banking, auto and power indices
were quoting in green up 0.6-1.7 per cent each.
2:05 p.m.: The 50-share Nifty moved above its crucial psychological
level of 7,500. The index advanced 28 points to 7,513.
2:02 p.m.: Sensex recovered from intraday low levels and was up 21
points at 24,681. HDFC Bank, Larsen & Toubro, Reliance Industries, Maruti
Suzuki, Infosys, Axis Bank and Asian Paints were among the top Sensex movers.
1:54 p.m.: The Nifty recovered from the intraday low levels and was
headed towards its crucial psychological level of 7,500 on the back of buying
in banking and capital goods shares. The Nifty was up 5 points at 7,490 and the
Sensex was down 11 points at 24,648.
1:47 p.m.: Buying visible in banking shares. The Bank Nifty was up
0.6 per cent; Yes Bank, Bank of India, Kotak Mahindra Bank, Axis Bank, Punjab
National Bank and IndusInd Bank were also among the gainers.
1:39 p.m.: Container Corp shares subscribed 1.32 times in offer for
sale.
1:27 p.m.: Capital goods stocks were witnessing buying interest.
The BSE capital goods index was up 0.65 per cent; Crompton Greaves was the top
gainer from this space, up 5.8 per cent to Rs 147.70. VE Tech Wabag, L&T,
BHEL, Fab Bearings and Solar Industries were also among the gainers.
1:17 p.m.: The market breadth was negative as 1,282 stocks were
declining while 1,065 were advancing.
1:12 p.m.: Container Corp shares over subscribed in offer for sale
as of 12:56 p.m.
1:04 p.m.: Nifty 7,500 strike price call option was the most active
options contract on the NSE. The premium on the contract rose 6 per cent to Rs
102.85.
12:50 p.m.: The stock markets turned flat with a negative bias. The
Sensex was down 56 points at 24,602 and Nifty slipped 8 points to 7,477.
12:42 p.m.: Tech Mahindra was the top gainer from the Nifty-50
basket of shares, up 3 per cent to Rs 463. Yes Bank, Maruti Suzuki, Kotak
Mahindra Bank, Larsen & Toubro, Axis Bank, UltraTech Cement and ONGC were
also among the gainers.
12:32 p.m.: BSE Realty index was the top sectoral gainer on the
BSE. From the real estate space, Phoenix Mills, Sobha Developers, D B Realty,
NBCC, Unitech, Oberoi Realty and HDIL were among the gainers, up 1.5-5 per cent
each.
12:22 p.m.: Buying visible in select banking, real estate, IT and
capital goods stocks. BSE Bankex which was quoting in red staged a recovery and
jumped 0.1 per cent.
12:18 p.m.: The stock markets came off the intraday low levels in
the noon deals. The Sensex was down 102 points at 24,556 and Nifty was at
7,462, down 23 points.
12:14 p.m.: FMCG stocks were witnessing selling pressure. The BSE
FMCG index was down 1.1 per cent; ITC, Balrampur Chini, KSCL, Ememi, HUL and
United Spirits were among the top losers from this space.
12:00 p.m.: Market breadth remains bearish as 1,310 stocks decline
while 891 advance.
11:44 a.m.: Ashoka Buildcon shares rallied nearly 5 per cent to hit
high of Rs 194 after the company along received letter of acceptance from
National Highways & Infrastructure Development Corporation for two laning
of road in Arunachal Pradesh.
11:30 a.m.: Crompton Greaves shares rallied nearly 9 per cent to Rs
151.80 after the company said sale of its transmission & distribution
(T&D) business outside India to First Reserve International, a US-based
Private Equity Fund, for an enterprise value of 115 million euros.
11:25 a.m.: The metal stocks extended losses on account of
profit-booking. The BSE metal index was down 2.14 per cent; Vedanta was the top
loser from this space, down 5.7 per cent to Rs 85.15. Jindal Steel, Hindalco,
NMDC, SAIL, NALCO and Tata Steel also fell 2.2-5 per cent each.
11:12 a.m.: Mind Tree was the top loser form the small-cap space,
the stock fell 10.3 per cent to Rs 694 after the company issued warning
for its fourth quarter earnings. Tilak Finance, Risa International, Vimal Oil
and Foods, Shrenuj Industries, Fedders Lloyd Corporation and Arrow
Coated Products were also among the losers from this space, down 5.5-9.8 per
cent each.
10:55 a.m.: Container Corp shares subscribed 24 per cent as of
10:45 a.m. on government's offer for sale.
10:50 a.m.: Citi has upgraded Maruti Suzuki to buy for target of Rs
4,200. It says recent correction in share price offers an opportunity and new
models to drive growth for Maruti. (Click here for more brokerage
calls)
10:22 a.m.: Metal stocks were among the worst hit in trade today as
traders rushed to book profits. The BSE Metal Index was down 1.8 per cent;
Vedanta was the top loser from this space, down 4.65 per cent to Rs 86. Jindal
Steel, Hindalco, Tata Steel, SAIL, NMDC, NALCO and JSW Steel were also among
the losers, down 1-4.45 per cent each.
10:16 a.m.: The market breadth was negative as 976 stocks were
declining while 789 were advancing.
9:52 a.m.: Anil Manghnani, director at Modern Shares & Stock
Brokers, expects 7,580 to act as a crucial resistance for Nifty going ahead. If
Nifty manages to cross 7,580, the rally can extend to 7,700- 7,800 levels, he
added. (Watch)
9:48 a.m.: CLSA says that technically Nifty has created short-term
bullish pattern and breakout supports on the upside are till 7,695. It adds
that Nifty at best can rally up to its 200-day moving average.
9:41 a.m.: International brokerage- Creidt Suisse says that it is
turning bullish on Brazil and bearish on India. It says that Indian valuations
are now attracting unjustifiable premiums and India's earnings revisions are
most negative across the emerging markets. It adds that reversal of 5-years of
commodity price weakness will benefit Brazil.
9:34 a.m.: Broader markets were also facing the heat of selling
pressure. The BSE mid-cap index was down 0.33 per cent and the small-cap index
fell 0.60 per cent; from the mid-cap space, Jindal Steel was the top loser,
down 5.6 per cent to Rs 62.50. Container Corp, NALCO, JSW Energy, IDBI Bank,
Blue Dart, Indian Bank, JSW Steel and ABB were also trading in the red, down
1.5-2.6 per cent each.
9:22 a.m.: The Sensex fell over 150 points and Nifty moved below
its crucial psychological level of 7,450 in the opening deals on Wednesday on
the back of broad-based selling pressure amid weak global cues.
At 9:18 a.m., the Sensex was down 153 points at 24,506 and Nifty fell 46 points
to 7,439.
Selling pressure was visible across the sectors. Metal, technology, banking and
capital goods stocks were among the worst hit with the respective indices
falling between 0.6-1.9 per cent each.
From the Nifty-50 basket of stocks, 33 were falling while 17 were gaining.
Vedanta was the top Nifty loser, down 5.6 per cent to Rs 85.30. Hindalco, Tata
Steel, ICICI Bank, Adani Ports and SEZ, Cairn India, Tata Motors, State Bank of
India, Punjab National Bank and ITC were also among the losers, down 1.6-4 per
cent each.
8:00 a.m.: The Sensex and Nifty are set to open on a weak note
tracking subdued trading of Nifty futures on the Singapore Stock Exchange amid
negative global cues.
The Nifty futures traded on the Singapore Exchange also known as the SGX Nifty
was down 0.36 per cent or 27 points at 7,430.
Meanwhile, other Asian markets were also trading with a negative bias. China's
Shanghai Composite and Shanghai Shenzen indices slumped over 2 per cent each.
Hong Kong's Hang Seng was down 0.72 per cent and Japan's Nikkei fell over 1.6
per cent.
Overnight, US stocks ended near the lows of the day on Tuesday as energy shares
tumbled alongside the price of oil and soft Chinese trade data rekindled fears
that the global economy is weaker than anticipated.
The Dow Jones industrial average fell 109.85 points, or 0.64 per cent, to
16,964.1, the S&P 500 lost 22.5 points, or 1.12 per cent, to 1,979.26 and
the Nasdaq Composite dropped 59.43 points, or 1.26 per cent, to 4,648.83.
Back home, foreign institutional investors bought shares worth Rs 775 crore
while domestic institutional investors sold shares worth Rs 1,341.51 crore on
Tuesday.
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