9:17 a.m.: Sensex falls 90 points to 27,840 amid weak global markets; Nifty slips to 8,468.
9:10 a.m.: The Sensex jumped 28 points to 27,959 and Nifty slipped 24 points to 8,471 in the pre-market session.
9:05 a.m.: The Nifty ended 29 points higher on Wednesday tracking a late recovery in the Chinese markets. It hit a high of 8,520.45, while on the down side it hit 8,425.95.
Nirmal Bang Securities in a note said looking at the options spread the broad range for Nifty is likely to be 8,300-8,600 for Thursday. Maximum open interest (outstanding positions) remain in 8,600 strike Nifty calls; on Wednesday, OI in the 8,600 strike rose by 4 per cent to 51.8 lakh shares, indicating that Nifty is likely to face resistance around 8,600.
9:00 a.m.: Rupee opens higher at 65.17/dollar against Wednesday's close of 65.27.
8:59 a.m.: For Indian markets Wednesday was a day of consolidation with the Nifty managing a comfortable close above its 200 day moving average (8461). 8300-8600 stays the range for the Nifty.
8:25 a.m.: Below are the stocks which will be in focus today:
Reserve Bank of India granted "in-principle" Payment Bank licenses to 11 applicants. Companies like Aditya Birla Nuvo, Bharti Airtel, Reliance Industries and Tech Mahindra which got the payment bank license may react to this development.
Sun Pharma: Sun Pharma will be in focus today as the company has received USFDA approval for generic Xenazine. Total sales for Xenazine were $319 million for 12 months ended June 2015. Sun Pharma expects to launch this product in last quarter of 2015.
Lupin: Lupin has got approvals for fenofibrate 160 mg and 54 mg tablets. Total annual revenues expected from drug is about $154 million and the competition in this drug is limited to three generic players.
Crompton Greaves, Oberoi Realty: Reports suggest that Oberoi Realty plans to buy Crompton Greaves' Worli building for over Rs 200 crore.
Jet Airways: Jet Airways has raised bridge rupee loan of about Rs 1,650 crore.
Dredging Corp: Government plans to sell up to 14 lakh shares in company via OFS tomorrow.
8:20 a.m.: Back home, the foreign institutional investors sold shares worth Rs 423.7 crore while the domestic institutional investors purchased shares worth Rs 383 crore on Wednesday.
In the F&O segment, FIIs sold index futures worth Rs 522 crore.
8:00 a.m.: The Sensex and Nifty are likely to witness a gap down opening in trades today tracking weak global cues and negative trading of Nifty futures on the Singapore Exchange. The Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.6 per cent or 53 points at 8,453.
Meanwhile, other Asian markets were also trading with a negative bias on concerns over slowing growth in China. Hong Kong's Hang Seng fell 1.5 per cent, Japan's Nikkei was down 0.6 per cent and China' Shanghai Composite index fell 1.5 per cent.
Overnight, the US stocks also moved lower as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy, driving markets to question the likelihood that the Fed will raise rates next month.
The minutes showed policymakers continued to express broad concerns about lagging inflation and the weak world economy even as the U.S. job market improved further. Market expectations for a Fed hike in September fell from one in two to roughly one in three after the minutes were published.
The Dow Jones industrial average fell 162.61 points, or 0.93 per cent, to 17,348.73, the S&P 500 lost 17.31 points, or 0.83 per cent, to 2,079.61 and the Nasdaq Composite dropped 40.30 points, or 0.8 per cent, to 5,019.05.
9:10 a.m.: The Sensex jumped 28 points to 27,959 and Nifty slipped 24 points to 8,471 in the pre-market session.
9:05 a.m.: The Nifty ended 29 points higher on Wednesday tracking a late recovery in the Chinese markets. It hit a high of 8,520.45, while on the down side it hit 8,425.95.
Nirmal Bang Securities in a note said looking at the options spread the broad range for Nifty is likely to be 8,300-8,600 for Thursday. Maximum open interest (outstanding positions) remain in 8,600 strike Nifty calls; on Wednesday, OI in the 8,600 strike rose by 4 per cent to 51.8 lakh shares, indicating that Nifty is likely to face resistance around 8,600.
9:00 a.m.: Rupee opens higher at 65.17/dollar against Wednesday's close of 65.27.
8:59 a.m.: For Indian markets Wednesday was a day of consolidation with the Nifty managing a comfortable close above its 200 day moving average (8461). 8300-8600 stays the range for the Nifty.
8:25 a.m.: Below are the stocks which will be in focus today:
Reserve Bank of India granted "in-principle" Payment Bank licenses to 11 applicants. Companies like Aditya Birla Nuvo, Bharti Airtel, Reliance Industries and Tech Mahindra which got the payment bank license may react to this development.
Sun Pharma: Sun Pharma will be in focus today as the company has received USFDA approval for generic Xenazine. Total sales for Xenazine were $319 million for 12 months ended June 2015. Sun Pharma expects to launch this product in last quarter of 2015.
Lupin: Lupin has got approvals for fenofibrate 160 mg and 54 mg tablets. Total annual revenues expected from drug is about $154 million and the competition in this drug is limited to three generic players.
Crompton Greaves, Oberoi Realty: Reports suggest that Oberoi Realty plans to buy Crompton Greaves' Worli building for over Rs 200 crore.
Jet Airways: Jet Airways has raised bridge rupee loan of about Rs 1,650 crore.
Dredging Corp: Government plans to sell up to 14 lakh shares in company via OFS tomorrow.
8:20 a.m.: Back home, the foreign institutional investors sold shares worth Rs 423.7 crore while the domestic institutional investors purchased shares worth Rs 383 crore on Wednesday.
In the F&O segment, FIIs sold index futures worth Rs 522 crore.
8:00 a.m.: The Sensex and Nifty are likely to witness a gap down opening in trades today tracking weak global cues and negative trading of Nifty futures on the Singapore Exchange. The Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.6 per cent or 53 points at 8,453.
Meanwhile, other Asian markets were also trading with a negative bias on concerns over slowing growth in China. Hong Kong's Hang Seng fell 1.5 per cent, Japan's Nikkei was down 0.6 per cent and China' Shanghai Composite index fell 1.5 per cent.
Overnight, the US stocks also moved lower as minutes from the latest Federal Reserve meeting highlighted concern over the state of the global economy, driving markets to question the likelihood that the Fed will raise rates next month.
The minutes showed policymakers continued to express broad concerns about lagging inflation and the weak world economy even as the U.S. job market improved further. Market expectations for a Fed hike in September fell from one in two to roughly one in three after the minutes were published.
The Dow Jones industrial average fell 162.61 points, or 0.93 per cent, to 17,348.73, the S&P 500 lost 17.31 points, or 0.83 per cent, to 2,079.61 and the Nasdaq Composite dropped 40.30 points, or 0.8 per cent, to 5,019.05.
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