9:25 a.m.: The Sensex jumped over 200 points in the
opening deals to hit high of 28,290 and the Nifty advanced above its
crucial psychological level of 8,550 tracking buying across the board.
Buying was visible across sectors. Metal stocks were on the buyers' radar. The BSE metal index advanced 1.6 per cent. IT, FMCG, realty, capital goods and power stocks were also witnessing buying interest.
9:12 a.m.: Market analyst Rajat Bose recommends buy on Voltas with stop loss at Rs 314 for target of Rs 330-332
9:08 a.m.: The Sensex jumps 66 points to 28,138 and Nifty advances 32 points to 8,549 levels in the pre-market session.
9:05 a.m.: Nifty is likely to trade in a range between 8,550-8,575 on the higher side while on the downside Nifty has support at 8,450, says market analyst Rajat Bose.
9:00 a.m.: Rupee opens lower at 63.90 per dollar against Tuesday's close of 63.75.
8:15 a.m.: Below are the stocks which will be in focus today:
Bharti Airtel: Bharti Airtel is likely to witness a positive opening in trades today after the company post the market hours reported that its net profit jumped 40 per cent to Rs 1,554 crore compared to Rs 1,109 crore during the same period last financial year.
The results were better than what the analysts had anticipated. Analysts on average expected the company, which operates in 20 countries across Asia and Africa, to post earnings of Rs 1,355 crore, according to Thomson Reuters data.
Shares of Adani group will be in focus today after Australia's Federal court on Wednesday overturned government environmental approval for the Carmichael coal mine under construction in the Australian outback by Indian conglomerate Adani Mining.
Hexaware Technologies: Hexaware Technologies posted better than expected Q1 numbers post the market hours yesterday. The company's revenues exceeded expectations as USD revenues jumped 5.6 per cent. BPO business grew at 14.9 per cent (QoQ) and IMS saw a growth of 17.4 per cent sequentially.
Nestle: Nestle will be in focus today as FSSAI approved lab found Maggi in compliance with safety standards. The lab tested five samples sent by Goa FDA.
Tata Steel: According to Reuters, Tata Steel has spun out its long products unit making items such as plates, sections and wire rods into a standalone business to better pursue strategic options, after the reported withdrawal of Klesch Group from talks to buy the division.
Torrent Power: Torrent Power's first quarter income came in at Rs 3,063.11 crore compared to Rs 2,629 crore. Its net profit jumped over 100 per cent to Rs 173.4 crore from Rs 86.2 crore.
JK Tyres: JK Tyres sales came in at Rs 1,760 crore compared to Rs 1,854 crore. While, its net profit jumped 113 per cent to Rs 118.12 crore from Rs 55.4 crore.
7:55 a.m.: The Sensex and Nifty are likely to witness flat opening in trades today tracking subdued of Nifty futures on the Singapore Stock Exchange. The Nifty on the Singapore Exchange also known as the SGX Nifty was up 0.13 per cent or 11 points at 8,547.
Meanwhile, other Asian markets were trading mostly higher. The Nikkei was up 0.8 per cent, Hang Seng advanced 0.6 per cent while Shanghai Composite declined 0.5 per cent.
Overnight, Wall Street ended lower on Tuesday for a third straight session as investors worried about a rise in interest rates while Apple's shares hit their lowest in over six months.
The iPhone maker's shares fell 3.21 per cent to $114.64, firmly below their 200-day daily moving average, a key technical level closely watched by traders. The stock was the biggest drag on the three major U.S. indexes.
The Dow Jones industrial average fell 0.27 per cent to end at 17,550.69 and the S&P 500 lost 0.22 per cent to 2,093.32. The Nasdaq Composite dropped 0.19 per cent finish at 5,105.55.
Buying was visible across sectors. Metal stocks were on the buyers' radar. The BSE metal index advanced 1.6 per cent. IT, FMCG, realty, capital goods and power stocks were also witnessing buying interest.
9:12 a.m.: Market analyst Rajat Bose recommends buy on Voltas with stop loss at Rs 314 for target of Rs 330-332
9:08 a.m.: The Sensex jumps 66 points to 28,138 and Nifty advances 32 points to 8,549 levels in the pre-market session.
9:05 a.m.: Nifty is likely to trade in a range between 8,550-8,575 on the higher side while on the downside Nifty has support at 8,450, says market analyst Rajat Bose.
9:00 a.m.: Rupee opens lower at 63.90 per dollar against Tuesday's close of 63.75.
8:15 a.m.: Below are the stocks which will be in focus today:
Bharti Airtel: Bharti Airtel is likely to witness a positive opening in trades today after the company post the market hours reported that its net profit jumped 40 per cent to Rs 1,554 crore compared to Rs 1,109 crore during the same period last financial year.
The results were better than what the analysts had anticipated. Analysts on average expected the company, which operates in 20 countries across Asia and Africa, to post earnings of Rs 1,355 crore, according to Thomson Reuters data.
Shares of Adani group will be in focus today after Australia's Federal court on Wednesday overturned government environmental approval for the Carmichael coal mine under construction in the Australian outback by Indian conglomerate Adani Mining.
Hexaware Technologies: Hexaware Technologies posted better than expected Q1 numbers post the market hours yesterday. The company's revenues exceeded expectations as USD revenues jumped 5.6 per cent. BPO business grew at 14.9 per cent (QoQ) and IMS saw a growth of 17.4 per cent sequentially.
Nestle: Nestle will be in focus today as FSSAI approved lab found Maggi in compliance with safety standards. The lab tested five samples sent by Goa FDA.
Tata Steel: According to Reuters, Tata Steel has spun out its long products unit making items such as plates, sections and wire rods into a standalone business to better pursue strategic options, after the reported withdrawal of Klesch Group from talks to buy the division.
Torrent Power: Torrent Power's first quarter income came in at Rs 3,063.11 crore compared to Rs 2,629 crore. Its net profit jumped over 100 per cent to Rs 173.4 crore from Rs 86.2 crore.
JK Tyres: JK Tyres sales came in at Rs 1,760 crore compared to Rs 1,854 crore. While, its net profit jumped 113 per cent to Rs 118.12 crore from Rs 55.4 crore.
7:55 a.m.: The Sensex and Nifty are likely to witness flat opening in trades today tracking subdued of Nifty futures on the Singapore Stock Exchange. The Nifty on the Singapore Exchange also known as the SGX Nifty was up 0.13 per cent or 11 points at 8,547.
Meanwhile, other Asian markets were trading mostly higher. The Nikkei was up 0.8 per cent, Hang Seng advanced 0.6 per cent while Shanghai Composite declined 0.5 per cent.
Overnight, Wall Street ended lower on Tuesday for a third straight session as investors worried about a rise in interest rates while Apple's shares hit their lowest in over six months.
The iPhone maker's shares fell 3.21 per cent to $114.64, firmly below their 200-day daily moving average, a key technical level closely watched by traders. The stock was the biggest drag on the three major U.S. indexes.
The Dow Jones industrial average fell 0.27 per cent to end at 17,550.69 and the S&P 500 lost 0.22 per cent to 2,093.32. The Nasdaq Composite dropped 0.19 per cent finish at 5,105.55.
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