Tag: Nifty50

Gold up on safe-haven demand

Gold up on safe-haven demand

10/08/2017 17:34

Gold futures were trading in the green in the domestic market on Thursday due to the safe haven demand triggered by the rising tension in the Korean peninsula.

At the MCX, gold futures for October 2017 contract is trading at Rs 29079 per 10 grams, up by 0.81 per cent, after opening at Rs 28900, against a previous close of Rs 28844. It touched the intra-day high of Rs 29084 (at 17:32 hours).

Copper futures rise on pickup in spot demand

Copper futures rise on pickup in spot demand

11/07/2017 14:08

Copper futures were trading higher during the afternoon trade in the domestic market on Tuesday amid pick-up in demand at domestic spot market.

Analysts said pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures here but weak trend in overseas markets capped the gains.

At the MCX, copper futures for August 2017 contract is trading at Rs 380.40 per kg, up by 0.30 per cent, after opening at Rs 378.80, against a previous close of Rs 379.25. It touched the intra-day high of Rs 381.25 (at 14:15 hours).

Markets trade flat; metal, healthcare stocks up

05/07/2017 13:27

Indian equity benchmarks were trading in a narrow range with positive bias during the afternoon session on Wednesday led by buying activity mainly in the metal and healthcare sector stocks.

At 1:03 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 31,214.86 up by 5.07 points or 0.02 per cent while the NSE Nifty was at 9,624.05 up by 10.75 points or 0.11 per cent.

Besides, investors keenly eyed the June quarter corporate earnings that will begin next week.

The top gainers of the BSE Sensex pack were Lupin Ltd. (Rs. 1076.55,+3.10%), Mahindra & Mahindra Ltd. (Rs. 1385.65,+2.28%), Reliance Industries Ltd. (Rs. 1441.45,+1.32%), Asian Paints Ltd. (Rs. 1120.60,+1.07%), Dr. Reddy’s Laboratories Ltd. (Rs. 2657.00,+1.01%), among others.

Major show spoilers were ITC Ltd. (Rs. 332.20,-1.45%), Infosys Ltd. (Rs. 949.55,-1.14%), Bharti Airtel Ltd. (Rs. 375.70,-0.95%), Housing Development Finance Corporation Ltd. (Rs. 1628.05,-0.75%), Wipro Ltd. (Rs. 258.00,-0.73%), among others.

The market breadth, indicating the overall strength of the market, was positive. On BSE, out of the total 2725 shares traded, 1628 advanced while 954 shares declined and 143 remained unchanged.

On the global front, Asian markets were green, however, caution prevailed as Independence Day celebrations in the US kept trading activity muted and geopolitical tensions continue to heat up.

Nickel futures keep head above water

Nickel futures keep head above water

03/07/2017 17:11

Nickel futures were trading higher during evening trade in the domestic market on Monday as investors and speculators extended their bets in the industrial metal on surging demand from alloy-makers at domestic markets.

The prices of metal also rose on global cues as the market fretted about shortages, dwindling stocks and expectations of strong demand from top consumer China.

At the MCX, nickel futures for July 2017 contract is trading at Rs 611.50 per kg, up by 0.74 per cent, after opening at Rs 608.30, against a previous close of Rs 607. It touched the intra-day high of Rs 612.60 (at 17:07 hours).

Markets remain under pressure; L&T, Tata Motors shares dip

The key domestic benchmark indices were trading in a negative terrain in the morning trading session amid weakness in Asian stocks as markets remained under pressure.

On the corporate front, Central Depository Services (CDSL) shares debuted with 68 percent gains on the National Stock Exchange. The share price opened at Rs 250 against the issue price of Rs 149.The bumper listing was on expected lines as the issue had overwhelming response, oversubscribing 170 times. HDFC also remained in focus on the news that HDFC Life, one of the country’s leading private sector life insurance companies, will decide on the initial public offering (IPO) in its Board meeting in July.

At 10:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 30750.94 down by 106.58 points or by 0.35 per cent, while the NSE Nifty was at 9466.2 points, trading lower by 37.9 points or by 0.4 per cent.

The BSE Sensex touched an intraday high of 30824.97 and an intraday low of 30680.66 while the NSE Nifty touched an intraday high of 9478.9 and an intraday low of 9448.75

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 550.00,+2.14 per cent), ITC Ltd. (Rs. 315.40,+1.28 per cent), Power Grid Corporation of India Ltd. (Rs. 210.00,+1.03 per cent), Dr. Reddy’s Laboratories Ltd. (Rs. 2670.00,+0.89 per cent), Cipla Ltd. (Rs. 549.15,+0.81 per cent), among others.

Meanwhile, Larsen & Toubro Ltd. (Rs. 1670.20,-1.89 per cent), Tata Motors Ltd. (Rs. 265.50,-1.28 per cent), Bharti Airtel Ltd. (Rs. 377.80,-1.25 per cent), Housing Development Finance Corporation Ltd. (Rs. 1612.00,-1.23 per cent), ICICI Bank Ltd. (Rs. 290.35,-1.14 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2048 shares traded, 858 shares advanced, 1081 shares declined while 109 were unchanged.

On the global front, Asian stocks were trading lower today despite China manufacturing activity beating expectations as select tech shares around the region sold off, while the Wall Street closed lower in the previous trading session as S&P 500 and the Dow industrials suffered losses largely weighed down by technology stocks.


30/06/2017 10:22

Post Session: Sensex slips 180 pts to close below 31K; rate sensitive stocks drag

Weighed down by sharp losses in rate sensitive realty and bank stocks, the Indian equities ended lower for the second straight session on Tuesday, tracking mixed cues from Asian market. On the sectoral front, banking stocks emerged as top losers after rating agency raised concerns over mounting loan-loss provisioning and said that banks will have to sacrifice nearly 60 per cent of the value of the loans extended to the 12 indebted companies recognized by the RBI. Reacting to the news, index heavyweights, PNB, Bank of Baroda, SBI, Axis Bank and Federal Bank, fell between 4.5 per cent to 2 per cent.

The 30-share barometer SENSEX closed at 30958.25, down by 179.96 points or by 0.58 per cent, and then NSE Nifty ended at 9511.4, down by 63.55 points or by 0.66 per cent.

In line with benchmark indices, the broader markets witnessed sharp selling with BSE MIDCAP falling 114.93 points, or by 0.79 per cent to settle at 14468.88, while the BSE SMLCAP ended at 15141.08, down by 240.82 points or by 1.57 per cent.

During the day’s trade, Sensex touched an intraday high of 31294.96 and intraday low of 30847.08, while the NSE Nifty touched intraday high of 9615.4 and intraday low of 9473.45.

The top losers of the BSE Sensex pack were State Bank of India (Rs. 279.40,-3.27%), Axis Bank Ltd. (Rs. 492.80,-2.34%), Infosys Ltd. (Rs. 926.35,-1.80%), Asian Paints Ltd. (Rs. 1134.00,-1.73%), Bajaj Auto Ltd. (Rs. 2779.20,-1.61%), among others.

On the flip side, Bharti Airtel Ltd. (Rs. 371.80,+1.61%), Oil And Natural Gas Corporation Ltd. (Rs. 159.95,+1.23%), Hero MotoCorp Ltd. (Rs. 3695.95,+0.97%), Tata Steel Ltd. (Rs. 510.45,+0.60%), Adani Ports & Special Economic Zone Ltd. (Rs. 367.25,+0.56%), were among the top gainers on the BSE.

On the sectoral front, all the indices ended bleeding in red, barring consumer durables, while rate sensitive bank and realty stocks emerged as top losers, falling as much as 1.45 per cent and 1.4 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2967, shares advanced were 808 while 1979 shares declined and 180 were unchanged.


27/06/2017 16:07

Post Session: Sensex, Nifty end flat in choppy trade; oil&gas, realty stocks drag

The Indian equities ended flat in a volatile trading session on Thursday, tracking mixed cues from Asian market, weighed down by sharp selling in oil and gas and realty stocks. The BSE Sensex opened higher today and surged 211 points to hit an all-time high of 31,522.87, but pared all the gains to close flat at 31,290, as investors pressed sell button in the final hour of the trade amid weak European cues.

The 30-share barometer SENSEX closed at 31290.74, up by 7.1 points or by 0.02 per cent, while the NSE Nifty ended at 9630, down by 3.6 points or by 0.04 per cent.

Early today, the benchmark indices witnessed surge in buying activity after capital market regulator Sebi eased takeover norms for restructuring listed companies with stressed assets, a move which will further boost fight against bad loan.

During the day’s trade, Sensex touched an intraday high of 31522.87 and intraday low of 31255.63, while the NSE Nifty touched intraday high of 9698.85 and intraday low of 9617.75.

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 538.70,+2.03%), State Bank of India (Rs. 294.55,+1.50%), Housing Development Finance Corporation Ltd. (Rs. 1650.35,+1.41%), Reliance Industries Ltd. (Rs. 1433.15,+1.06%), Bajaj Auto Ltd. (Rs. 2850.00,+1.02%), among others.

On the flip side, Oil And Natural Gas Corporation Ltd. (Rs. 160.50,-2.82%), Hindustan Unilever Ltd. (Rs. 1094.25,-2.62%), Lupin Ltd. (Rs. 1066.95,-2.49%), Power Grid Corporation of India Ltd. (Rs. 201.60,-2.11%), Dr. Reddy’s Laboratories Ltd. (Rs. 2629.45,-2.05%), were among the top losers on the BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3009, shares advanced were 1215 while 1620 shares declined and 174 were unchanged.


22/06/2017 16:05

Cardamom futures slip 2.29% on sluggish demand

Cardamom futures slip 2.29% on sluggish demand

20/06/2017 17:17

Cardamom futures fell over 2 per cent during evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the agri-commodity on plunge in physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downward trend in the domestic cardamom prices. At the MCX, cardamom futures for July 2017 contract is trading at Rs 1047 per kg, down by 2.29 per cent, after opening at Rs 1103.60, against a previous close of Rs 1071.50. It touched the intra-day low of Rs 1039 (at 17:17 hours).

Post Session: Sensex, Nifty end flat in choppy trade; IT, pharma stocks drag

16/06/2017 16:24

The Indian equities ended tad lower in choppy trade on Friday, undermining firm cues from Asian peers, as investors digested the US Federal rates hike, while reports that the Bank of England came close to raise U.K. interest rates also left traders jittery. Most of the Asian markets closed higher as the Bank of Japan maintained status quo in its latest policy review. IT, Teck and pharma stocks witnessed selling pressure amid concerns over earnings outlook. IT bellwether Infosys dipped over 1 per cent after the company announced that Sandeep Dadlani, the head of Americas and global head of manufacturing and retail, has resigned from his post.

The 30-share barometer SENSEX closed at 31056.4, down by 19.33 points or by 0.06 per cent, and the NSE Nifty ended at 9588.05, up by 10 points or by 0.1 per cent.

During the day’s trade, Sensex touched an intraday high of 31182.73 and intraday low of 31017.18, while the NSE Nifty touched intraday high of 9615.85 and intraday low of 9565.5.

The top losers of the BSE Sensex pack were Lupin Ltd. (Rs. 1131.00,-4.40%), Sun Pharmaceutical Industries Ltd. (Rs. 529.15,-2.78%), Wipro Ltd. (Rs. 254.95,-2.24%), Cipla Ltd. (Rs. 537.05,-2.20%), Infosys Ltd. (Rs. 940.50,-1.24%), among others.

On the flip side, Tata Motors Ltd. (Rs. 455.50,+1.57%), ITC Ltd. (Rs. 306.30,+1.46%), Adani Ports & Special Economic Zone Ltd. (Rs. 362.65,+0.67%), State Bank of India (Rs. 285.85,+0.63%), NTPC Ltd. (Rs. 160.25,+0.53%), were among the top gainers on the BSE.

Among the sectors, healthcare and IT stocks emerged as top losers, falling as much as 1.52 per cent and 0.83 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 2994, shares advanced were 1427 while 1400 shares declined and 167 were unchanged.

Farmers ask Govt to roll back 5% GST on raw tobacco

13/06/2017 15:46

A farmers’ association has asked the government to roll back 5 per cent GST on raw tobacco and exempt it from the tax bracket like any other agricultural crop, reported PTI.

Fearing drop in prices of tobacco leaves and raw tobacco post GST, tobacco farmers across Andhra Pradesh have stalled auctions in all platforms, said the Federation of All India Farmer Associations (FAIFA) in a statement.

Terming the tax rate on tobacco “unrealistic”, farmers said it will severely endanger their livelihoods and asked the government to do away with it in the upcoming GST-Review meeting on June 18.

“Farmers from different auction platforms in the Southern Black Soil (SBS) region decided not to bring our produce to the market to protest 5 per cent GST on tobacco leaves and 28 per cent on unmanufactured tobacco,” said FAIFA Vice President Gadde Seshagiri Rao.

According to FAIFA, raw tobacco and un-manufactured tobacco were exempted from the central excise from the time of Charan Singh government considering their difficulties.

The association has requested to “maintain status quo” in this regard by treating tobacco “on par with other agricultural crops”.

FAIFA claims to represent farmers of commercial crops from Andhra Pradesh, Telangana, Karnataka, Gujarat etc.