Tag: trade

Markets open flat in early trade

30/01/2017 09:18

The key domestic benchmark indices opened flat in the morning trading session as investors remained wary over US President Donald Trump’s protectionist policies and uncertainty over GAAR.

The market may see stock specific movement as over 100 companies would release their earnings report today which includes index heavyweights such as, HDFC, Bajaj Auto, Tech Mahindra and Pfizer.

At 09:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 27882.55 up by 0.09 points or by 0.00 per cent, while the NSE Nifty was at 8636.20 points, trading lower by 5.05 points or by 0.06 per cent.

The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 205.95,+0.68 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 644.00,+0.67 per cent), GAIL (India) Ltd. (Rs. 485.00,+0.57 per cent), Larsen & Toubro Ltd. (Rs. 1447.55,+0.55 per cent), ICICI Bank Ltd. (Rs. 273.00,+0.35 per cent), among others.

Meanwhile, Wipro Ltd. (Rs. 462.00,-0.88 per cent), Tata Motors Ltd. (Rs. 540.00,-0.80 per cent), Tata Consultancy Services Ltd. (Rs. 2340.00,-0.77 per cent), Tata Steel Ltd. (Rs. 468.00,-0.27 per cent), ITC Ltd. (Rs. 257.00,-0.19 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 482 shares traded, 278 shares advanced, 146 shares declined while 58 were unchanged.

On the global front, Asian stocks were trading mixed today concerned over the immigration policy of the US President Donald Trump, while the US markets closed mixed in the previous trading session after a lack luster trade, as investors weighed disappointing fourth-quarter data on domestic economic growth and a spate of earnings.

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Markets open higher in early trade

11/01/2017 09:17

The key domestic benchmark indices opened higher in the morning trading session tracking firm cues from fellow Asian peers as investors remained focused to President-elect Donald Trump’s first news conference later in the day.

Investors are also expected to react to the World Bank projection of GDP growth to 7 per cent for FY17 from 7.6 per cent estimated earlier.

Stocks of South Bank, Mpilcorpl, ISFL, Bancoindia and Alpha will remain in focus as they will unveil their third quarter earnings later today.

At 09:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 27003.20 up by 103.64 points or by 0.39 per cent, while the NSE Nifty was at 8323.80 points, trading higher by 35.20 points or by 0.42 per cent.

The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 199.90,+1.01 per cent), Dr. Reddy’s Laboratories Ltd. (Rs. 3075.00,+0.87 per cent), Tata Steel Ltd. (Rs. 434.20,+0.77 per cent), Infosys Ltd. (Rs. 978.00,+0.76 per cent), Axis Bank Ltd. (Rs. 450.55,+0.72 per cent), among others.

Meanwhile, Bajaj Auto Ltd. (Rs. 2700.10,-1.48 per cent), Wipro Ltd. (Rs. 475.00,-0.31 per cent), ITC Ltd. (Rs. 248.25,-0.26 per cent), GAIL (India) Ltd. (Rs. 440.00,-0.15 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 412 shares traded, 315 shares advanced, 73 shares declined while 24 were unchanged.

Markets open lower in early trade

11/11/2016 09:23

The key domestic benchmark indices opened lower in the morning trading session tracking a mixed trend across markets in Asia as investors ponder over what the priorities for the new US President Donald Trump and his administration will be, curbing risk taking appetite.

Shares of Tata Steel, Andhra Bank, Bank of Baroda, Dhanlaxmi Bank, BPCL, Indian Overseas Bank, Jet Airways, M&M and Suzlon Energy will be in focus today as these companies reveal their September quarter earnings.

Traders will also eye the September IIP data today which may offer fresh cues over the health of Asia’s third biggest economy.

At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27243.43 down by 274.25 points or by 1.00 per cent, while the NSE Nifty was at 8442.30 points, trading lower by 83.45 points or by 0.98 per cent.

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 691.00,+3.61 per cent), Infosys Ltd. (Rs. 940.00,+0.15 per cent), Lupin Ltd. (Rs. 1495.00,+0.12 per cent), HDFC Bank Ltd. (Rs. 1277.30,+0.09 per cent), among others.

Meanwhile, Coal India Ltd. (Rs. 325.00,-2.55 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 288.00,-1.94 per cent), ITC Ltd. (Rs. 246.05,-1.89 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 271.20,-1.70 per cent), ICICI Bank Ltd. (Rs. 288.00,-1.56 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 515 shares traded, 173 shares advanced, 304 shares declined while 38 were unchanged.

On the global front, Asian stocks were trading mixed today as traders awaited clarity on the economic policies of the Trump-led US administration amid speculation that the Dodd-Frank Act financial-sector law may be replaced with pro-growth policies, while increased US expenditure may expand the US budget gap and stoke inflation. The US markets were trading higher in the previous trading session with Dow Jones Industrial Average rising to a record high on optimism that a Trump win maybe good for the US economy amid a possible roll back of regulations, increased infrastructure spending and tax cuts for businesses.

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.

Markets open higher in early trade

14/10/2016 09:24

The key domestic benchmark indices opened higher in the morning trading session as easing inflation bolstered the case for further interest rate cuts from the Reserve Bank of India, boosting risk taking appetite.

Retail inflation fell sharply for the second month on the trot, coming in at 4.31 per cent in September 2016, a 13-month low, from 5.05 per cent in August 2016 as food inflation declined sharply. With the RBI’s 5 per cent consumer inflation target for March 2017 looking likely to be met, another rate cut in the near-term could be in the offing.

Shares of TCS may witness some upward momentum as the country’s largest IT software exporter on Thursday in after-market hours posted better-than-expected Q2 earnings.

At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27680.82 up by 37.71 points or by 0.14 per cent, while the NSE Nifty was at 8589.25 points, trading higher by 15.90 points or by 0.19 per cent.

The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 5770.00,+0.80 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 274.00,+0.72 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 744.95,+0.62 per cent), State Bank of India (Rs. 251.25,+0.62 per cent), Axis Bank Ltd. (Rs. 521.50,+0.53 per cent), among others.

Meanwhile, Power Grid Corporation of India Ltd. (Rs. 173.00,-0.83 per cent), Hindustan Unilever Ltd. (Rs. 857.50,-0.52 per cent), GAIL (India) Ltd. (Rs. 413.00,-0.15 per cent), Tata Consultancy Services Ltd. (Rs. 2326.00,-0.11 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 251.60,-0.02 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 871 shares traded, 687 shares advanced, 149 shares declined while 35 were unchanged.

On the global front, Asian stocks were trading higher today after positive China inflation data signaled some strength in the world’s second biggest economy. US stocks closed lower in the previous trading session amid worries that sagging global growth may weigh on the US economy when the Fed is all set to begin tightening monetary policy.

Markets open lower in early trade

13/10/2016 09:23

The key domestic benchmark indices opened lower in the morning trading session as negative cues from most markets in Asia amid speculation of a near-term US Federal Reserve interest rate hike curbed risk taking appetite.

FOMC minutes released on Wednesday showed that several policymakers called for rate tightening relatively soon with improved economic data and fears over an acceleration in inflation also bolstering the case to raise borrowing costs.

The focus today will be on the September consumer inflation data to be released in after-market hours, and which may offer further cues over policy easing by the RBI in the coming months.

At 09:15 AM, the Bombay Stock Exchange bellwether Sensex was at 27862.36 down by 219.98 points or by 0.78 per cent, while the NSE Nifty was at 8642.20 points, trading lower by 66.60 points or by 0.76 per cent.

The top gainers of the BSE Sensex pack were Cipla Ltd. (Rs. 593.50,+2.23 per cent), Asian Paints Ltd. (Rs. 1226.95,+1.24 per cent), Bajaj Auto Ltd. (Rs. 2899.90,+0.87 per cent), Hindustan Unilever Ltd. (Rs. 880.00,+0.45 per cent), Power Grid Corporation of India Ltd. (Rs. 178.50,+0.28 per cent), among others.

Meanwhile, Tata Consultancy Services Ltd. (Rs. 2355.00,-1.05 per cent), Mahindra & Mahindra Ltd. (Rs. 1370.00,-0.59 per cent), Tata Motors Ltd. (Rs. 558.90,-0.57 per cent), Housing Development Finance Corporation Ltd. (Rs. 1385.00,-0.49 per cent), Larsen & Toubro Ltd. (Rs. 1444.80,-0.44 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 636 shares traded, 329 shares advanced, 240 shares declined while 67 were unchanged.

On the global front, Asian stocks were trading lower today as a stronger greenback hit commodity producers while the Fed indicated that a rate hike was probably imminent. . US stocks closed higher in the previous trading session as the Fed indicated that it may undertake interest rate tightening soon but maintain a gradual approach to further rate hikes.

Sensex surges 120 pts in opening; Nifty trades above 8,700

10/10/2016 09:35

The Indian equities belled the day on positive note on Monday as investor optimism over the Q2 quarterly earnings season and improved outlook for Asia’s third biggest economy bolstered risk taking appetite.

At 9:25 AM, the Bombay Stock Exchange bellwether Sensex was at 28184.48, up by 123.34 points or by 0.44 per cent, and the NSE Nifty was at 8730.8, up by 33.2 points or by 0.38 per cent.

In a truncated trading week with markets closed on Tuesday and Wednesday, the focus will be on September quarter earnings from IT giants TCS and Infosys on October 13 and October 14, respectively. The IIP data for August and consumer inflation numbers for September to be released on Monday, will offer further cues over monetary easing by the Reserve Bank of India in the near-term.

On the global front, Asian stocks were trading mixed as traders eyed the second US Presidential debate even as Republican nominee Donald Trump’s chances of getting elected to the office took a severe blow after the surfacing of a 2005 video in which he made degrading comments about women.

In the opening trade, the BSE Sensex touched intraday high of 28216.64 and intraday low of 28143.65, while the NSE Nifty touched intraday high of 8745.8 and intraday low of 8728.7.

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 413.45,+1.73%), Asian Paints Ltd. (Rs. 1204.45,+1.59%), Cipla Ltd. (Rs. 576.10,+1.12%), Mahindra & Mahindra Ltd. (Rs. 1386.85,+0.95%), Coal India Ltd. (Rs. 321.65,+0.78%), among others.

Meanwhile, Bharti Airtel Ltd. (Rs. 317.10,-0.95%), Infosys Ltd. (Rs. 1010.80,-0.18%), were among top losers on BSE.

On the sectoral front, all the thirteen indices were trading in green, with metal and PSU stocks were leading the gain, adding as much as 1.53 per cent and 0.61 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 1538, shares advanced were 1189 while 312 shares declined and 37 were unchanged.

Sensex, Nifty trade flat in lackluster trade; broader market outperform

30/09/2016 14:20

The Indian equities continued their lackluster trade in final hour of day’s trade in absence of any major trigger from domestic or global front, tracking a bearish trend across markets in Asia. However, strong rally across broader markets, with Mid-cap and Small-cap gaining between 1.4 per cent to 1.5 per cent, capped day’s losses.

At 2:10 PM, the Bombay Stock Exchange bellwether Sensex was at 27819.41, down by 8.12 points or by 0.03 per cent, while the NSE Nifty was at 8596.25, up by 5 points or by 0.06 per cent.

Meanwhile, worries over the escalation of tensions between India and Pakistan after Wednesday night’s surgical strikes by the Indian Army in Pakistan Occupied Kashmir may also keep trading sentiment jittery at Dalal Street.

Caution also prevailed ahead of the RBI’s monetary policy review on Tuesday, which will be the first meeting to be chaired by new governor Urjit Patel with investors hoping for a 25 bps interest rate cut amid the recent drop in inflation.

In the day’s trade so far, the BSE Sensex touched intraday high of 27904.04 and intraday low of 27716.78, while the NSE Nifty touched intraday high of 8617.65 and intraday low of 8555.2.

The top losers of the BSE Sensex pack were Cipla Ltd. (Rs. 582.55,-3.05%), Coal India Ltd. (Rs. 320.75,-2.00%), ITC Ltd. (Rs. 242.00,-1.45%), Hindustan Unilever Ltd. (Rs. 867.90,-1.11%), Bharti Airtel Ltd. (Rs. 312.55,-0.94%), among others. Meanwhile, GAIL (India) Ltd. (Rs. 374.25,+3.11%), Mahindra & Mahindra Ltd. (Rs. 1400.00,+2.62%), Oil And Natural Gas Corporation Ltd. (Rs. 255.15,+1.57%), Power Grid Corporation of India Ltd. (Rs. 176.10,+1.44%), Wipro Ltd. (Rs. 478.90,+1.37%), were among top gainers on BSE.

On the sectoral front, all the indices were trading in green, barring FMCG stocks, while realty and oil&gas stocks were leading the gain, adding as much as 2.64 per cent and 1.55 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2826, shares advanced were 1841 while 795 shares declined and 190 were unchanged.

Bullion tad higher in noon trade

Bullion tad higher in noon trade

06/09/2016 13:51

Gold futures were trading with slim gains during noon trade in the domestic market on Tuesday as traders awaited US services data for August which may offer further cues over the health of the world’s biggest economy and help dictate the timing of the next US Federal Reserve interest rate hike.

Below-par US jobs data released on Friday indicated that the US economy wasn’t strong enough for the Fed to hike interest rates this month, bolstering the lure for the yellow metal as a store of value. Employers in the US added 151,000 workers in August, compared to an upwardly revised 275,000 gain in July, against an expected 180,000 increase.

At the MCX, gold futures for October 2016 contract is trading at Rs 30,990 per 10 grams, up by 0.02 per cent, after opening at Rs 30,995, against a previous close of Rs 30,985. It touched the intra-day high of Rs 31,025 (at 13:46 PM).

Aluminium futures slide on muted demand

Aluminium futures slide on muted demand

04/08/2016 17:20

Aluminium futures were trading lower during the evening trade in the domestic market on Thursday as participants cut down their bets followed by a decline in physical demand for aluminium in the domestic spot market.

At the MCX, aluminium futures for August 2016 contract is trading at Rs 109.45 per kg, down by 0.36 per cent, after opening at Rs 109.55, against a previous close of Rs 109.85. It touched the intra-day low of Rs 109.20 (at 17:21 hours).