Tag: nifty

Crude oil zooms 1.13% on output cut extension hopes

Crude oil zooms 1.13% on output cut extension hopes

22/05/2017 14:27

Crude oil futures jumped over 1 per cent during afternoon trade in the domestic market on Monday as investors and speculators extended their positions in the energy commodity amid expectations that the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, likely to extend production cut until March 2018. Traders are expecting that the output cut extension will be discussed in the meeting of OPEC and its allies in Vienna on Thursday.

According to the media reports, Saudi energy minister Khalid al-Falih will meet with his Iraqi counterpart on Monday to convince others to extend production cuts till March end next year ahead of an OPEC meet.

At the MCX, crude oil futures for June 2017 contract is trading at Rs 3314 per barrel, up by 1.13 per cent, after opening at Rs 3299, against a previous close of Rs 3277. It touched the intra-day high of Rs 3317 (at 13:56 hours).

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Gold rises on weak dollar

Gold rises on weak dollar

18/10/2016 16:53

Gold futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators widened their positions in the precious metal as the US dollar weakened, while rebounding equities capped gains.

Analysts attributed the recovery in gold prices to weakness in US dollar which measures the greenback against a basket of currencies, and strong Asian equities though risk appetite was low as weak US markets prompted investors to stay on the sidelines.

At the MCX, gold futures for December 2016 contract is trading at Rs 29780 per 10 grams, up by 0.25 per cent, after opening at Rs 29750, against a previous close of Rs 29705. It touched the intra-day high of Rs 29810 (at 16:58 hours).

Markets open flat in early trade

17/10/2016 09:25

The key domestic benchmark indices opened flat in the morning trading session tracking negative cues from most markets across Asia as bets that the US Federal Reserve is moving closer to tightening interest rates curbed risk taking appetite.

The focus this week would be on the September quarter earnings from RIL, Wipro, UltraTech Cement, ACC, Hindustan Zinc, HCL Technologies and Cairn India.

The quarterly earnings season has been off to a disappointing start with IT bellwether Infosys being punished for cutting its revenue guidance while TCS disappointed on the revenue front, signalling an uncertain outlook for the country’s IT industry. However, hopes of further policy easing by the RBI in the coming months amid softening inflation may support sentiment at Dalal Street.

At 09:25 AM, the Bombay Stock Exchange bellwether Sensex was at 27692.62 up by 19.02 points or by 0.07 per cent, while the NSE Nifty was at 8576.30 points, trading lower by 7.10 points or by 0.08 per cent.

The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 245.75,+1.61 per cent), NTPC Ltd. (Rs. 147.00,+1.45 per cent), GAIL (India) Ltd. (Rs. 435.00,+1.08 per cent), Infosys Ltd. (Rs. 1036.00,+0.84 per cent), State Bank of India (Rs. 253.90,+0.79 per cent), among others.

Meanwhile, Power Grid Corporation of India Ltd. (Rs. 177.00,-0.23 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 254.00,-0.18 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 1215 shares traded, 822 shares advanced, 335 shares declined while 58 were unchanged.

On the global front, Asian stocks were trading lower today as traders feared a Fed rate hike in the near-term after US retail sales data signaled strength in the world’s biggest economy. US stocks closed higher in the previous trading session helped by better-than-expected earnings from the likes of JP Morgan and Citigroup while worries over a Fed rate hike kept a lid on gains.

RBI sets rupee reference rate at 66.8481 against US dollar

14/10/2016 13:34

The Reserve Bank of India today fixed the reference rate of the rupee at 66.8481 against the US dollar and 73.6867 for the euro.

The corresponding rates were 66.8473 and 73.6657, respectively yesterday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 81.4811 and 64.23 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon.

The SDR-rupee figure will be based on this rate, the statement added.

Post Session: Sensex ends 30 pts higher as inflation eases; broader markets outperform

14/10/2016 15:59

The Indian equities ended tad higher on Friday, helped by strong buying across broader markets, as easing inflation bolstered the case for further interest rate cuts from the Reserve Bank of India, boosting risk taking appetite. Further gains in index heavyweights such as TCS, RIL, Tata Motors, GAIL, ONGC, L&T and Power Grid Corp also gave a lift to market sentiments.

The 30-share BSE SENSEX closed at 27673.6, up by 30.49 points or by 0.11 per cent, and the NSE Nifty ended at 8583.4, up by 10.05 points or by 0.12 per cent.

Early today, India’s wholesale price index (WPI), the price of a representative basket of wholesale goods, eased to 3.57 per cent in September from 3.74 per cent in August, bolstering the case for further interest rate cuts from the Reserve Bank of India.

During the day’s trade, the BSE Sensex touched intraday high of 27763.54 and intraday low of 27548.18, while the NSE Nifty touched intraday high of 8604.45 and intraday low of 8549.8.

The top gainers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 430.35,+4.05%), Larsen & Toubro Ltd. (Rs. 1472.50,+2.51%), Tata Motors Ltd. (Rs. 555.45,+2.05%), Reliance Industries Ltd. (Rs. 1078.20,+1.94%), Power Grid Corporation of India Ltd. (Rs. 177.40,+1.69%), among others.

On the flip side, Infosys Ltd. (Rs. 1027.40,-2.34%), Hindustan Unilever Ltd. (Rs. 841.95,-2.32%), Housing Development Finance Corporation Ltd. (Rs. 1319.20,-1.44%), Lupin Ltd. (Rs. 1464.30,-1.09%), Coal India Ltd. (Rs. 313.05,-0.86%), were among top losers on the BSE.

On the sectoral front, oil&gas and capital goods stocks were among top gainers on BSE, adding as much as 2.2 per cent and 1.56 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3140, shares advanced were 1797 while 1149 shares declined and 194 were unchanged.

On the global front, most of the Asian stocks ended higher after positive China inflation data signaled some strength in the world’s second biggest economy. Shanghai Composite settled with slim gain despite the positive inflation data, Hang Seng rose 0.9 per cent and Nikkei 225 closed 0.5 per cent higher.

Cardamom futures up 1.26% on pickup in demand

Cardamom futures up 1.26% on pickup in demand

14/10/2016 11:26

Cardamom futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices.

At the MCX, cardamom futures for October 2016 contract is trading at Rs 1190 per kg, up by 1.26 per cent, after opening at Rs 1190, against a previous close of Rs 1175.20. It touched the intra-day high of Rs 1190 (at 11:31 hours).

Sensex, Nifty choppy; TECK, CDS stocks weigh

14/10/2016 11:31

The key domestic benchmark indices remained choppy in the late morning trading session after Infosys, India’s second largest software exporter has lowered its revenue guidance (constant currency) for FY17. The company cut its FY17 revenue guidance for second time this year to 8-9 per cent against 10.5-12 forecasted earlier.

At 11:20 hours, the 30-share benchmark index was trading at 27643.76 up by 0.65 points or by 0 per cent while the NSE Nifty was at 8562.25 down by 11.1 points or by 0.13 per cent.

In the choppy trade so-far, Sensex touched intraday high of 27763.54 and intraday low of 27548.18 The NSE Nifty touched intraday high of 8600.2 and intraday low of 8549.8.

The top losers of the BSE Sensex pack were Hindustan Unilever Ltd. (Rs. 841.15,-2.41%), Lupin Ltd. (Rs. 1459.00,-1.45%), Infosys Ltd. (Rs. 1037.15,-1.42%), Bharti Airtel Ltd. (Rs. 303.40,-1.03%), Dr. Reddy’s Laboratories Ltd. (Rs. 3030.65,-0.62%), among others.

The top gainers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 424.60,+2.66%), Oil And Natural Gas Corporation Ltd. (Rs. 277.00,+1.82%), Larsen & Toubro Ltd. (Rs. 1458.20,+1.52%), Tata Motors Ltd. (Rs. 550.55,+1.15%), Cipla Ltd. (Rs. 588.30,+1.11%), among others.

Among the sectors, In BSE, BSETECk index was at 5587.91 down by -30.8 points or by -0.55%. Zee Entertainment Enterprises Ltd. (Rs. 528.60,-3.35%), Just Dial Ltd. (Rs. 447.70,-1.45%), Infosys Ltd. (Rs. 1036.80,-1.45%), Idea Cellular Ltd. (Rs. 74.90,-1.45%), Inox Leisure Ltd. (Rs. 261.00,-1.42%),.

On the flip side, Oil&Gas index was at 12072.33 up by 155.93 points or by 1.31%. Petronet LNG Ltd. (Rs. 396.20,+4.15%), GAIL (India) Ltd. (Rs. 425.00,+2.76%), Oil And Natural Gas Corporation Ltd. (Rs. 277.15,+1.87%), Indian Oil Corporation Ltd. (Rs. 632.55,+1.03%), Reliance Industries Ltd. (Rs. 1066.90,+0.87%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2503, shares advanced were 1504 while 839 shares declined and 160 were unchanged.

On the global front, Asian peers were trading mixed while the US markets despite recovering from the day’s low ended in red in the last session.

Star Delta Transformers executes tripartite agreement

Star Delta Transformers executes tripartite agreement

13/10/2016 15:47

Power & distribution transformers maker Star Delta Transformers Ltd on Thursday said that it has executed the tripartite agreement between System Support Services, the company itself and Link Intime India Pvt Ltd.

In a filing to the Bombay Stock Exchange, Star Delta Transformers said, “The company have executed the tripartite agreement between the existing share transfer agent i.e. System Support Services, company’s self and new share transfer agent i.e. Link Intime India Pvt Ltd.”

Meanwhile, shares of the company closed at Rs 109.20 apiece, down 5.04 per cent, from previous close on BSE.

Lead in reverse gear

Lead in reverse gear

13/10/2016 14:03

Lead futures tumbled during trade in the domestic market on Thursday as investors and speculators exit positions in the industrial metal amid weak physical demand for lead, from battery-makers, in the domestic spot market.

Further, a sharp drop in Chinese exports, which fell by 10 per cent on the year in September 2016 signaled worsening outlook in the economy of the world’s biggest metal consuming nation.

At the MCX, lead futures for October 2016 contract is trading at Rs 134.15 per kg, down by 0.7 per cent, after opening at Rs 135.70, against a previous close of Rs 135.10. It touched the intra-day low of Rs 133.95 (at 13:59 PM).

J&K Bank nosedives 18% ahead of conference call

J&K Bank nosedives 18% ahead of conference call

13/10/2016 13:11

Shares of state-controlled Jammu & Kashmir Bank tumbled over 18 per cent on the Bombay Stock Exchange ahead of the bank’s conference call of chairman & CEO with investors.

In line with benchmark indices, shares of bank declined as much as 18.36 per cent in intra-day to trade at Rs 71.10 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of lender fell 9.67 per cent to Rs 78.45 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,675.54, down 406.85 points, or 1.45 per cent, at 1:15 hours.