11:55 a.m.: Nifty 8,600 call option was the most active
options contract on the National Stock Exchange. The premium on the
contract fell 4.45 per cent to Rs 37.55. More than 1.4 lakh shares were
added to the open interest of 5.19 million shares.
11:50 a.m.: Ashok Leyland, State Bank of India, Suzlon Energy, J P Associates, Unitech, Bank of Baroda and Canara Bank were among the most actively traded stocks on the National Stock Exchange.
11:41 a.m.: BSE small-cap index was outperforming the benchmark index, up 0.7 per cent; Signet Industries, Nitin Fire Protection Industries, Tata Coffee, Speciality Restaurants, Zee Media Corporation and Banco Products were among the top gainers from the small-cap space.
11:35 a.m.: Banking, metal, power, realty and healthcare stocks were facing the heat of selling pressure. The respective indices were down 0.1-0.6 per cent each.
11:21 a.m.: Overall breadth was positive as 1,517 stocks were advancing while 824 were declining.
11:10 a.m.: Gujarat Pipavav Port shares surge 7.7 per cent to hit intraday high of Rs 207.50 after Kotak Mahindra International a group company of Kotak Mahindra Group purchased 6.5 million shares of Gujarat Pipavav Port at Rs 197 per share via bulk deal on the NSE.
11:03 a.m.: The markets came off the intraday high levels on the back of selling in blue-chip stocks such as ICICI Bank, ITC, HDFC and Reliance Industries.
The Sensex was up 93 points at 27,972 and the Nifty was up 26 points at 8,503.
10:45 a.m.: The Sensex jumped 143 point to 28,021 and Nifty advanced 43 points to 8,520 on the back of buying in IT stocks.
IT stocks were in high demand today. The BSE IT index rose 2.25 per cent; Infosys was the top gainer from the IT space, up nearly 3 per cent to Rs 1,175. TCS, Wipro, Tech Mahindra and HCL Technologies were also up 1-2.8 per cent each.
10:07 a.m.: Shares of coffee producers surged on Tuesday surged after a report said that the government is weighing allowing foreign direct investment in coffee plantation sector.
Tata Coffee surged 8.5 per cent to Rs 103.75 while CCL Products rose nearly 6 per cent to Rs 244.95. Tata Global Beverages rose 2.7 per cent.
10:04 a.m.: Deutsche Bank has maintained its 'hold' rating on DLF for target price of Rs 150 per share. Deutsche Bank says that it sees balanced risk-reward going ahead and its value unlocking through REITs is a big trigger for the company. However, Deutsche Bank adds that muted new bookings will continue to strain cash flows.
9:37 a.m.: Moody's Investors Service cut its forecast for India's economic growth to around 7 per cent this fiscal year (2015-16) from 7.5 per cent because of lower-than-expected rainfall in the ongoing monsoon season, the ratings agency said on Tuesday.
9:35 a.m.: Kunal Bothra of LKP Securities says that one can buy JSW Steel around Rs 970-972 for target of Rs 1,020 with stop loss at Rs 935 for a period of two weeks.
9:27 a.m.: Kunal Bothra of LKP Securities says that the Nifty has been moving in a range of 300 points since quite some time now and it faces resistance at 8,650 and has support at 8,350.
9:25 a.m.: From the Nifty-50 basket of stocks, 40 were advancing while 10 were declining.
Tata Steel, Vedanta, Infosys, Tech Mahindra and Hindalco were among the gainers on the Nifty.
On the other hand, Punjab National Bank, Bank of Baroda, NMDC, State Bank of India, ICICI Bank, GAIL India and Tata Motors were among the losers.
9:20 a.m.: The markets opened higher in trades today. The Sensex jumped 118 points to 27,996 and the Nifty advanced 31 points to 8,508.
Buying was visible in most of the sectors. IT, metal, capital goods, auto and realty indices advanced 0.7-0.9 per cent each.
The broader markets were also witnessing buying interest. The BSE mid-cap and small-cap indices advanced 0.6 per cent each.
9:09 a.m.: Sensex jumps 71 points to 27,949 and Nifty advances 29 points to 8,506 in the pre-market session.
8:25 a.m.: Below are the stocks which will be in focus today:
Coal India: Coal India held an analysts meet at its headquarter in Kolkata. Coal India management appeared highly focused on achieving its 550 million tonnes volume target for FY16. Coal India has increased supply to non-core sectors under FSA from 60 per cent to 100 per cent from Q2FY16. Price for non-core is 35 per cent higher than power sector.
Mahindra & Mahindra: Auto major Mahindra & Mahindra has received shareholders' approval to raise up to Rs 5,000 crore through issuance of securities on private placement basis in domestic and/or international markets.
In a filing to the BSE, Mahindra & Mahindra (M&M) said its shareholders have approved resolutions, including raising up to Rs 5,000 crore, at its annual general meeting (AGM) held on August 7.
Gujarat Pipavav: Far East India Subcontinent 3 has planned to moved out of Pipavav Port to Mundra Port. Macquire says that worst-case earnings impact would be 9 per cent volume loss and its impact should be known over next 1-2 quarters.
Rubber, Coffee Stocks: Shares of coffee makers such as Tata Coffee, CCL Products etc and rubber companies like Apar Industries, Apcotex Industries etc. will be in focus today as reports suggest that the government is considering allowing foreign direct investment (FDI) in rubber and coffee plantation sectors with an aim to attract more FDI into the country.
Currently, 100 per cent foreign investment is permitted through the government approval route in the tea plantation sector. However, FDI is not allowed in any other plantation sector or activity.
8:15 a.m.: Foreign institutional investors bought shares worth Rs 142.3 crore on and the domestic institutional investors purchased shares worth Rs 183 crore on Monday.
In the F&O segment, the FIIs sold index futures worth Rs 600 crore and also sold stock futures worth Rs 40 crore.
8:05 a.m.: The Sensex and Nifty are likely to open higher as indicated by the Nifty futures traded on the Singapore Stock Exchange. Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was up 0.24 per cent or 20 points at 8,504.
Meanwhile, Asian markets were trading on a mixed note. Hong Kong's Hang Seng advanced 0.3 per cent and Taiwan Weighted added 0.03 per cent. While, Japan's Nikkei fell 0.2 per cent and China's Shanghai Composite index was down 0.8 per cent.
Overnight, US stocks rose on Monday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media.
Housing stocks rose after data showed U.S. homebuilder sentiment rose in August to its highest since a matching reading almost a decade ago.
The Dow Jones industrial average rose 67.78 points, or 0.39 per cent, to 17,545.18, the S&P 500 gained 10.9 points, or 0.52 per cent, to 2,102.44 and the Nasdaq Composite added 43.46 points, or 0.86 per cent, to 5,091.70.
11:50 a.m.: Ashok Leyland, State Bank of India, Suzlon Energy, J P Associates, Unitech, Bank of Baroda and Canara Bank were among the most actively traded stocks on the National Stock Exchange.
11:41 a.m.: BSE small-cap index was outperforming the benchmark index, up 0.7 per cent; Signet Industries, Nitin Fire Protection Industries, Tata Coffee, Speciality Restaurants, Zee Media Corporation and Banco Products were among the top gainers from the small-cap space.
11:35 a.m.: Banking, metal, power, realty and healthcare stocks were facing the heat of selling pressure. The respective indices were down 0.1-0.6 per cent each.
11:21 a.m.: Overall breadth was positive as 1,517 stocks were advancing while 824 were declining.
11:10 a.m.: Gujarat Pipavav Port shares surge 7.7 per cent to hit intraday high of Rs 207.50 after Kotak Mahindra International a group company of Kotak Mahindra Group purchased 6.5 million shares of Gujarat Pipavav Port at Rs 197 per share via bulk deal on the NSE.
11:03 a.m.: The markets came off the intraday high levels on the back of selling in blue-chip stocks such as ICICI Bank, ITC, HDFC and Reliance Industries.
The Sensex was up 93 points at 27,972 and the Nifty was up 26 points at 8,503.
10:45 a.m.: The Sensex jumped 143 point to 28,021 and Nifty advanced 43 points to 8,520 on the back of buying in IT stocks.
IT stocks were in high demand today. The BSE IT index rose 2.25 per cent; Infosys was the top gainer from the IT space, up nearly 3 per cent to Rs 1,175. TCS, Wipro, Tech Mahindra and HCL Technologies were also up 1-2.8 per cent each.
10:07 a.m.: Shares of coffee producers surged on Tuesday surged after a report said that the government is weighing allowing foreign direct investment in coffee plantation sector.
Tata Coffee surged 8.5 per cent to Rs 103.75 while CCL Products rose nearly 6 per cent to Rs 244.95. Tata Global Beverages rose 2.7 per cent.
10:04 a.m.: Deutsche Bank has maintained its 'hold' rating on DLF for target price of Rs 150 per share. Deutsche Bank says that it sees balanced risk-reward going ahead and its value unlocking through REITs is a big trigger for the company. However, Deutsche Bank adds that muted new bookings will continue to strain cash flows.
9:37 a.m.: Moody's Investors Service cut its forecast for India's economic growth to around 7 per cent this fiscal year (2015-16) from 7.5 per cent because of lower-than-expected rainfall in the ongoing monsoon season, the ratings agency said on Tuesday.
9:35 a.m.: Kunal Bothra of LKP Securities says that one can buy JSW Steel around Rs 970-972 for target of Rs 1,020 with stop loss at Rs 935 for a period of two weeks.
9:27 a.m.: Kunal Bothra of LKP Securities says that the Nifty has been moving in a range of 300 points since quite some time now and it faces resistance at 8,650 and has support at 8,350.
9:25 a.m.: From the Nifty-50 basket of stocks, 40 were advancing while 10 were declining.
Tata Steel, Vedanta, Infosys, Tech Mahindra and Hindalco were among the gainers on the Nifty.
On the other hand, Punjab National Bank, Bank of Baroda, NMDC, State Bank of India, ICICI Bank, GAIL India and Tata Motors were among the losers.
9:20 a.m.: The markets opened higher in trades today. The Sensex jumped 118 points to 27,996 and the Nifty advanced 31 points to 8,508.
Buying was visible in most of the sectors. IT, metal, capital goods, auto and realty indices advanced 0.7-0.9 per cent each.
The broader markets were also witnessing buying interest. The BSE mid-cap and small-cap indices advanced 0.6 per cent each.
9:09 a.m.: Sensex jumps 71 points to 27,949 and Nifty advances 29 points to 8,506 in the pre-market session.
8:25 a.m.: Below are the stocks which will be in focus today:
Coal India: Coal India held an analysts meet at its headquarter in Kolkata. Coal India management appeared highly focused on achieving its 550 million tonnes volume target for FY16. Coal India has increased supply to non-core sectors under FSA from 60 per cent to 100 per cent from Q2FY16. Price for non-core is 35 per cent higher than power sector.
Mahindra & Mahindra: Auto major Mahindra & Mahindra has received shareholders' approval to raise up to Rs 5,000 crore through issuance of securities on private placement basis in domestic and/or international markets.
In a filing to the BSE, Mahindra & Mahindra (M&M) said its shareholders have approved resolutions, including raising up to Rs 5,000 crore, at its annual general meeting (AGM) held on August 7.
Gujarat Pipavav: Far East India Subcontinent 3 has planned to moved out of Pipavav Port to Mundra Port. Macquire says that worst-case earnings impact would be 9 per cent volume loss and its impact should be known over next 1-2 quarters.
Rubber, Coffee Stocks: Shares of coffee makers such as Tata Coffee, CCL Products etc and rubber companies like Apar Industries, Apcotex Industries etc. will be in focus today as reports suggest that the government is considering allowing foreign direct investment (FDI) in rubber and coffee plantation sectors with an aim to attract more FDI into the country.
Currently, 100 per cent foreign investment is permitted through the government approval route in the tea plantation sector. However, FDI is not allowed in any other plantation sector or activity.
8:15 a.m.: Foreign institutional investors bought shares worth Rs 142.3 crore on and the domestic institutional investors purchased shares worth Rs 183 crore on Monday.
In the F&O segment, the FIIs sold index futures worth Rs 600 crore and also sold stock futures worth Rs 40 crore.
8:05 a.m.: The Sensex and Nifty are likely to open higher as indicated by the Nifty futures traded on the Singapore Stock Exchange. Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was up 0.24 per cent or 20 points at 8,504.
Meanwhile, Asian markets were trading on a mixed note. Hong Kong's Hang Seng advanced 0.3 per cent and Taiwan Weighted added 0.03 per cent. While, Japan's Nikkei fell 0.2 per cent and China's Shanghai Composite index was down 0.8 per cent.
Overnight, US stocks rose on Monday after strong economic data boosted the housing sector and as investors bought recently battered shares in biotech and media.
Housing stocks rose after data showed U.S. homebuilder sentiment rose in August to its highest since a matching reading almost a decade ago.
The Dow Jones industrial average rose 67.78 points, or 0.39 per cent, to 17,545.18, the S&P 500 gained 10.9 points, or 0.52 per cent, to 2,102.44 and the Nasdaq Composite added 43.46 points, or 0.86 per cent, to 5,091.70.
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