But seek first his kingdom and his righteousness, and all these things will be given to you as well. Matthew 6:33

23 Mar 2016



The Sensex and Nifty closed on a positive note in a listless trading session on Wednesday ahead of a long weekend.
The Sensex advanced 7 points to close at 25,338 and Nifty rose 2 points to settle at 7,716.
For the most part of the day, the Indian benchmark indices traded on a weak note on the back of losses in heavyweight stocks such as Reliance Industries, HDFC, HDFC Bank and Lupin.
In the intraday deals, the Sensex touched low of 25,157 and Nifty fell to low of 7,670.
From the Nifty-50 basket of stocks, 24 stocks ended higher while 26 closed lower.
Hindalco, Infosys, Idea Cellular, Tata Steel, Bharti Airtel, Yes Bank and Bajaj Auto were among the gainers. On the other hand, Reliance Industries was the top loser, down 1.8 per cent to close at Rs 1,029. Bank of Baroda, Lupin, Punjab National Bank, HCL Tech and Kotak Mahindra Bank were among the gainers.
Banking, oil & gas, power, realty, FMCG and healthcare indices closed in the red. While, metal, IT, capital goods and auto indices closed higher.
The broader markets slightly outperformed the benchmark indices. The BSE mid-cap and small-cap indices closed 0.24 per cent higher.
The overall market breadth was marginally negative as 1,318 stocks declined while 1,284 advanced on the BSE.
3:28 p.m.: The stock markets turned flat with a negative bias. The Sensex was down 30 points at 25,300 and Nifty was at 7,705, down 10 points.
2:46 p.m.: Nifty is likely to start a new bull run post September 2016 and by December 2017 Nifty can go up to levels of 11,000: Sanjeev Bhasin of IIFL.
2:32 p.m.: Select auto stocks were witnessing buying interest. The BSE Auto index was up 0.5 per cent; Ashok Leyland was the top gainer, up 2 per cent to Rs 105.50. Bajaj Auto, Eicher Motors, Bharat Forge, Motherson Sumi, Bosch and MRF were also among the gainers.
2:16 p.m.: The stock markets continue to reel under a mild selling pressure. The Sensex was down 80 points at 25,250 and Nifty was at 7,697, down 19 points.
1:46 p.m.: Select capital goods stocks were witnessing buying interest. Kalpatru Power, ABB, Bharat Electronics, Mahindra CIE and Siemens were among the gainers from this space.
1:07 p.m.: Shares of Page Industries, maker of popular underwear brand Jockey, fell as much as 10.5 per cent to Rs 10,321 on the National Stock Exchange after the promoters of the company sold stake in the company.
12:27 p.m.: Frontline banking shares continue to face selling pressure. The Bank Nifty was down 0.4 per cent.Bank of Baroda, Punjab National Bank, Bank of India, HDFC Bank, Canara Bank and Axis Bank were among the laggards.
12:00 p.m.: The BSE IT index was down 0.42 per cent; HCL Technologies, Infosys, TCS, Tech Mahindra, Wipro and Mindtree were among the losers.
11:48 a.m.: Metal stocks were witnessing buying interest. The BSE metal index was up 1 per cent; Hindalco, SAIL, Jindal Steel, NALCO, Vedanta, Tata Steel, NMDC, JSW Steel and Hindustan Zinc were among the gainers.
11:24 a.m.: The market breadth remained negative as 1,117 stocks were declining while 1,001 were advancing.
11:15 a.m.: BSE mid-cap index was slipped 0.1 per cent. Page Industries was the top loser from this space, down 8 per cent to Rs 10,640. Blue Dart, Torrent Power, Petronet LNG, Indian Bank, Divis Labs, Union Bank and Emami were also among the losers, down 1-2.3 per cent each.
11:11 a.m.: The stock markets continued to witness selling pressure. The Sensex fell 147 points to 25,184 and Nifty was down 35 points to 7,680.
10:57 a.m.: The stock markets extended losses. The Sensex was down 134 points at 25,196 and Nifty fell 32 points to 7,682.
10:47 a.m.: FMCG shares were witnessing selling pressure. The BSE FMCG index was down 0.55 per cent; ITC, Marico, Tata Global Beverages, Jayshree Tea and Hindustan Uniliver were among the losers, down 1-3 per cent each.
10:33 a.m.: BSE Oil & Gas index was the top sectoral loser, down 0.75 per cent; Cairn India, Reliance Industries, Petronet LNG, HPCL, ONGC and Indian Oil were among the losers, down 0.3-1.7 per cent each.
10:08 a.m.: Shares of Kalpataru Power Transmission surged as much as 9.2 per cent to Rs. 223.70 after the company, post the market hours on Tuesday, announced that it has secured orders worth Rs. 1,320 crore from Power Grid Corp. (Read)

9:55 a.m.: 
9:55 a.m.: 
9:55 a.m.: Selling pressure in HDFC, HDFC Bank, Reliance Industries, ICICI Bank and ITC were exerting pressure on the benchmark indices.
9:50 a.m.: Broad base data points indicate towards recovery in the economy and reasonable monsoons and passage of GST bill will bode well for equities, says Pankaj Murarka, head - equities at Axis AMC.
9:42 a.m.: Market breath was marginally positive as 787 stocks were advancing while 660 were declining.
9:36 a.m.: Banking shares were witnessing selling pressure. The Bank Nifty was down 0.7 per cent at 15,826; Bank of Baroda, Canara Bank, Punjab National Bank, Bank of India, State Bank of India, ICICI Bank and HDFC Bank were among the laggards.
9:33 a.m.: The broader markets were trading on a flat note. The BSE mid-cap index was up 0.05 per cent and the small-cap index was up 0.3 per cent. Tata Communications was the top gainer from the mid-cap space, up 2.6 per cent to Rs 375. United Breweries, Torrent Power, Glenmark, Piramal Enteprises, Mphasis, Neyveli Lignite, Adani Power and NALCO were also among the gainers.
9:22 a.m.: The Sensex and Nifty edged lower in the opening trades today owing to a selling in banking, pharma and IT stocks.
The Sensex fell as much as 100 points to 25,230 and Nifty declined 21 points to 7,693.
From the Nifty-50 basket of stocks, 24 were advancing while 26 were declining.
HDFC, Sun Pharma, Punjab National Bank, State Bank of India, Reliance Industries, ICICI Bank, Axis Bank, Kotak Mahindra Bank and HDFC Bank were among the losers, down 0.6-1 per cent each.
8:30 a.m.: The Sensex and Nifty are likely to open on a flat note tracking listless trading of Nifty futures on the Singapore Stock Exchange amid subdued global cues.
The Singapore Nifty or commonly known as the SGX Nifty was up 0.05 per cent or 4 points at 7,728.
Meanwhile, Asian shares consolidated their gains on Wednesday, shaking off earlier losses following attacks on the airport and rush-hour metro train in Brussels as investors look to a brightening global economic picture.
China's Shanghai Composite was down 0.04 per cent and Hong Kong's Hang Seng slipped 0.28 per cent and Japan's Nikkei surged was down 0.04 per cent
Overnight, Wall Street closed slightly lower on Tuesday, inching back from an initial selloff that followed deadly attacks in Brussels, as declines in consumer and telecom stocks offset a jump in healthcare shares.
The Dow Jones industrial average closed down 41.3 points, or 0.23 per cent, to 17,582.57, the S&P 500 lost 1.8 points, or 0.09 per cent, to 2,049.8 and the Nasdaq Composite added 12.79 points, or 0.27 per cent, to 4,821.66.
Back home, foreign institutional investors (FIIs) continued to buy shares in the Indian stock markets. The FIIs bought shares worth Rs 1,095.44 crore while domestic institutional investors sold shares worth Rs 930.37 crore on Monday.

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