STOCK MARKET- LIVE: SENSEX EXTENDS GAINS,RISES OVER 150 POINTS.

 

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.

 

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.: 
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.