9:25 a.m.: The Sensex advanced over 250 points to 27,965 and Nifty rose 61 points to 8,489 on the back of broad-based buying.
Buying was visible across the board. Metal, realty, auto, power and banking stocks were witnessing buying interest. The respective indices jumped 0.5-1 per cent each.
The broader markets were broadly in-line with the benchmark indices. The BSE mid-cap and small-cap indices were up 0.6 per cent each.
From the Nifty-50 basket of stocks, 43 stocks were advancing while 7 were declining.
HCL Technologies was the top Nifty gainer, up 1.8 per cent at Rs 976. ICICI Bank was up 1.6 per cent at Rs 295 ahead of results. Coal India, Mahindra & Mahindra, Hero MotoCorp, Dr Reddy's Labs, State Bank of India, Cairn India and Tata Motors were also up over 1 per cent each.
On the other hand, Kotak Mahindra Bank was the top Nifty loser, down 3 per cent at Rs 695 after the bank reported weaker than expected first quarter earnings post the market hours yesterday. Punjab National Bank, BPCL, Bank of Baroda and NMDC were also among the notable laggards.
9:15 a.m.: Sensex jumps over 150 points to 27,882; Nifty moves above 8,450.
9:14 a.m.: Rohit Shrivastava of Sharelkhan says that Nifty faces resistance around 8,520 levels.
9:13 a.m.: Prashasta Seth of India Infoline says that earnings season has broadly in-line with estimates.
9:10 a.m.: Sensex jumps 109 points to 27,814 and Nifty advances 34 points to 8,456 in the pre-market session.
9:00 a.m.: Rupee opens lower at 64.10 per dollar against Thursday's close of 64.04.
8:35 a.m.: Below is the earnings preview for the companies reporting their first quarter numbers today:
ICICI Bank: India's largest private sector lender will report its first quarter numbers later in the day. Analysts polled by NDTV expect the bank to post net interest income of Rs 5,140 crore compared to Rs 4,491 crore during the same period last year. Net profit is expected to come in at Rs 2,931 crore against Rs 2,655 crore last fiscal. Loan growth expected to remain moderate at 14 per cent YoY and gross non-performing assets are expected at 4 per cent against 3.8 per cent of total advances in the previous quarter.
Larsen & Toubro: Larsen & Toubro is expected to post profit of Rs 832 crore on sales of Rs 11,159 crore. Order Inflow is expected at below Rs 30,000 crore. Market participants would watch out for outlook on net working capital and pick up in engineering and construction execution.
8:20 a.m.: Below are the stocks which will be in focus today:
Kotak Mahindra Bank: Kotak Mahindra Bank shares will be in focus today as the private sector lender reported first quarter numbers which were below the Street estimates. Kotak Mahindra Bank reported 55 per cent fall in the net profit net profit to Rs 190 crore. Its provisioning for bad loans jumped to Rs 310 crore in the first quarter of FY16.
Greaves Cotton: Greaves Cotton reported strong set of first quarter numbers. Its net profit jumped 50.87 per cent to Rs 43.3 crore.
HCC: HCC shares are likely to witness selling pressure as its net profit fell 70 per cent to Rs 72.3 crore. Its results were below what the Street had anticipated.
J M Financial: J M Financial posted strong set of Q1 numbers post the market hours yesterday. Its profit jumped 24 per cent to Rs 72.3 crore.
Ashoka Buildcon: Ashoka Buildcon reported strong first quarter numbers. Its first quarter net profit jumped 37 per cent to Rs 46.5 crore.
Ambuja Cement, Adani Entertainment, Tata Chemical and Tata Sponge will go ex-dividend today.
Reliance Industries: RIL will be in focus today as Reliance Jio plans to raise Rs 3,500 crore via debt.
8:10 a.m.: Foreign institutional investors (FIIs) sold shares worth Rs 170.6 crore on Thursday while the domestic institutional investors purchased shares worth Rs 499 crore.
7:55 a.m.: The Sensex and Nifty are likely to open on a flat note with a positive bias as indicated by the Nifty futures traded on the Singapore Exchange. Nifty traded on the Singapore Exchange also known as the SGX Nifty was up 0.17 per cent or 14 points at 8,487.
Meanwhile, other Asian markets were trading subdued note as Investors kept a wary eye on China, where stocks dropped on Thursday after state media reported that banks were investigating their equities exposure in the wake of the recent dramatic rout there.
Hang Seng was up 0.45 per cent and Japan's Nikkei was up 0.03 per cent. While, China's SHanghai Composite slipped 0.7 per cent and Shanghai Shenzen index was down 0.09 per cent.
Overnight, Wall Street ended flat on Thursday as investors digested ho-hum corporate earnings and new data showed that the economy grew more quickly in the second quarter.
U.S. economic growth accelerated in the June quarter as solid consumer spending offset a drag from weak business spending on equipment, suggesting steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.
The Dow Jones industrial average ended 0.03 per cent weaker at 17,745.98, while the S&P 500 was unchanged at 2,108.63. The Nasdaq Composite added 0.33 per cent to 5,128.79.
Buying was visible across the board. Metal, realty, auto, power and banking stocks were witnessing buying interest. The respective indices jumped 0.5-1 per cent each.
The broader markets were broadly in-line with the benchmark indices. The BSE mid-cap and small-cap indices were up 0.6 per cent each.
From the Nifty-50 basket of stocks, 43 stocks were advancing while 7 were declining.
HCL Technologies was the top Nifty gainer, up 1.8 per cent at Rs 976. ICICI Bank was up 1.6 per cent at Rs 295 ahead of results. Coal India, Mahindra & Mahindra, Hero MotoCorp, Dr Reddy's Labs, State Bank of India, Cairn India and Tata Motors were also up over 1 per cent each.
On the other hand, Kotak Mahindra Bank was the top Nifty loser, down 3 per cent at Rs 695 after the bank reported weaker than expected first quarter earnings post the market hours yesterday. Punjab National Bank, BPCL, Bank of Baroda and NMDC were also among the notable laggards.
9:15 a.m.: Sensex jumps over 150 points to 27,882; Nifty moves above 8,450.
9:14 a.m.: Rohit Shrivastava of Sharelkhan says that Nifty faces resistance around 8,520 levels.
9:13 a.m.: Prashasta Seth of India Infoline says that earnings season has broadly in-line with estimates.
9:10 a.m.: Sensex jumps 109 points to 27,814 and Nifty advances 34 points to 8,456 in the pre-market session.
9:00 a.m.: Rupee opens lower at 64.10 per dollar against Thursday's close of 64.04.
8:35 a.m.: Below is the earnings preview for the companies reporting their first quarter numbers today:
ICICI Bank: India's largest private sector lender will report its first quarter numbers later in the day. Analysts polled by NDTV expect the bank to post net interest income of Rs 5,140 crore compared to Rs 4,491 crore during the same period last year. Net profit is expected to come in at Rs 2,931 crore against Rs 2,655 crore last fiscal. Loan growth expected to remain moderate at 14 per cent YoY and gross non-performing assets are expected at 4 per cent against 3.8 per cent of total advances in the previous quarter.
Larsen & Toubro: Larsen & Toubro is expected to post profit of Rs 832 crore on sales of Rs 11,159 crore. Order Inflow is expected at below Rs 30,000 crore. Market participants would watch out for outlook on net working capital and pick up in engineering and construction execution.
8:20 a.m.: Below are the stocks which will be in focus today:
Kotak Mahindra Bank: Kotak Mahindra Bank shares will be in focus today as the private sector lender reported first quarter numbers which were below the Street estimates. Kotak Mahindra Bank reported 55 per cent fall in the net profit net profit to Rs 190 crore. Its provisioning for bad loans jumped to Rs 310 crore in the first quarter of FY16.
Greaves Cotton: Greaves Cotton reported strong set of first quarter numbers. Its net profit jumped 50.87 per cent to Rs 43.3 crore.
HCC: HCC shares are likely to witness selling pressure as its net profit fell 70 per cent to Rs 72.3 crore. Its results were below what the Street had anticipated.
J M Financial: J M Financial posted strong set of Q1 numbers post the market hours yesterday. Its profit jumped 24 per cent to Rs 72.3 crore.
Ashoka Buildcon: Ashoka Buildcon reported strong first quarter numbers. Its first quarter net profit jumped 37 per cent to Rs 46.5 crore.
Ambuja Cement, Adani Entertainment, Tata Chemical and Tata Sponge will go ex-dividend today.
Reliance Industries: RIL will be in focus today as Reliance Jio plans to raise Rs 3,500 crore via debt.
8:10 a.m.: Foreign institutional investors (FIIs) sold shares worth Rs 170.6 crore on Thursday while the domestic institutional investors purchased shares worth Rs 499 crore.
7:55 a.m.: The Sensex and Nifty are likely to open on a flat note with a positive bias as indicated by the Nifty futures traded on the Singapore Exchange. Nifty traded on the Singapore Exchange also known as the SGX Nifty was up 0.17 per cent or 14 points at 8,487.
Meanwhile, other Asian markets were trading subdued note as Investors kept a wary eye on China, where stocks dropped on Thursday after state media reported that banks were investigating their equities exposure in the wake of the recent dramatic rout there.
Hang Seng was up 0.45 per cent and Japan's Nikkei was up 0.03 per cent. While, China's SHanghai Composite slipped 0.7 per cent and Shanghai Shenzen index was down 0.09 per cent.
Overnight, Wall Street ended flat on Thursday as investors digested ho-hum corporate earnings and new data showed that the economy grew more quickly in the second quarter.
U.S. economic growth accelerated in the June quarter as solid consumer spending offset a drag from weak business spending on equipment, suggesting steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.
The Dow Jones industrial average ended 0.03 per cent weaker at 17,745.98, while the S&P 500 was unchanged at 2,108.63. The Nasdaq Composite added 0.33 per cent to 5,128.79.
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