Opening Bell - Markets open lower

At 09:15 AM, Nifty opened at 9,886 level, down by 26 points while Sensex opened at 26 level, down by 31,724 points.
 
IOC was top Nifty gainer trading at Rs 9,870 per share, up by 0.61% whereas NTPC was top Nifty loser trading at Rs 167.6 per share, down by 3.29%. There were 477 advances, 924 declines and 504 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.
 
On the broader markets, BSE Mid-cap index was trading at 15,399 level, down by 0.05% while BSE Small-cap index was trading at 15,800 level, down by 0.11%.
 
Nifty50 index after registering up-move for fourth session in a row, now needs to cross major hurdle of 9,930-9,940 and if it does sustain above this resistance zone it may extended its up-move upto levels of 9,980-10,020. On the flip side, the region of 9,870-9,980 is an immediate support level and if this support is breached next support stands at 9,840.

Indian equity markets may open flat with positive bias on Thursday, tracking subdued cues from Asian peers. The SGX Nifty, which was trading with gains of 9 points at 9,864, is hinting a flat start for the day.
 
Nifty50 has resistance placed around the level of 9,900 and the next resistance is placed around the level of 9,950. On the downside, 9,800 is a strong support area, and if this support is breached, the next support stands at 9,750 level.
 
Back home, Wednesday turned out to be a wonderful day for the Indian markets as markets ended higher for the second straight session, helped by strong rally in the last hour of trading session.
 
The US stocks ended with marginal losses on Wednesday as traders reacted to comments by President Donald Trump at a rally in Phoenix, Arizona. The Dow Jones Industrial Average fell 88 points to finish at 21,812. The tech-heavy Nasdaq Composite Index shed 19 points to close at 6,278. The S&P 500 slid 8 points to end at 2,444. 
 
Asian markets are showing mixed trend in early trade on Thursday. Japan’s Nikkei 225 has shed 28 points. Hong Kong’s Hang Seng has gained 94 points and China’s Shanghai Composite has advanced 2 points.

Positive global cues may see markets opening in the green

Indian equity markets are likely to open higher on Wednesday, following the rally on Wall Street overnight and positive sentiment prevailing in the Asian markets. The SGX Nifty, which was trading higher by 30 points at 9,819, is signalling positive start for the day.
 
Now, going forward, Nifty50 has immediate support around the level of 9,730 and major support is placed around the level of 9,685 which is the recent swing low, and if this swing low is breached, then it may head towards the levels of 9,630-9,600. On the other hand, 9,830 and 9,870 will act as stiff resistance levels.
 
Back home, Indian market registered small gains on Tuesday after registering losses in the preceding two trading sessions. The BSE Sensex advanced 33 points to finish at 31,292 while the NSE Nifty climbed 11 points to close at 9,766.

Live Stock Market Updates: Nifty off day's low

Nifty is off its day’s low. ITC and Reliance has been lending support for the Nifty’s up-move from low point of the day. Nifty Pharma is top gaining index among the sectoral indices on NSE. The index is trading at 8,542 level, up by 52 points.
 
Dr Reddy’s is top gainer in the index trading at Rs 1,975.95 per share, up by 2.32%. Lupin and Divi’s Lab are also trading in positive territory higher by more than 1%.
 
At 12 PM, the S&P BSE Sensex is trading at 31,366 up 107 points, while Nifty is trading at 9,795 up 41 points. A total of 15 stocks registered a fresh 52-week high in trade today, while 48 stocks touched a new 52-week low on the NSE.

Apex Frozen Foods’ IPO to open for subscription today

Apex Frozen Foods, a profitable integrated producer & exporter of shelf stable quality aquaculture products with over two decades of experience, announced an Initial Public Offering (IPO) to finance its expansion program.
 
The IPO of up to 87,00,000 equity shares of face value of Rs 10 each for cash at a premium offered through a book-building route at a price-band of Rs 171 – Rs 175 per equity share aggregating Rs 148.77 crore – Rs 152.25 crore.
 
The issue will comprise of fresh issue of 7,250,000 equity shares and an offer for sale of 1,450,000 equity shares by the promoter & promoter group members. The book running lead manager is Karvy Investor Services Limited. The IPO would open for public subscription on 22nd August and close on 24th August with the subscription for anchor investors opening on 21st August 2017. The shares will be listed on NSE and BSE.
 
Apex Frozen Foods Limited proposes to utilise the net proceeds from the fresh Issue towards the setting up a new shrimp processing unit with a proposed capacity of 20,000 MTPA at East Godavari District, Andhra Pradesh and for general corporate purposes.
 
The company’s total revenues grew from Rs 2,554.8 million in fiscal 2013 to Rs 7,096.8 million in fiscal 2017 with a return on net worth of 25.22% in fiscal 2017. The company has a sizeable farming operation spread across 1,337.69 acres of land.

F&O: Nifty may head downwards if breaches 9,685

Benchmark indices, Nifty and Sensex are likely to open with marginal gains on Tuesday on the back of positive start for Asian markets and the SGX Nifty, which was trading at 9,806 with gains of 33 points.
 
Major indices in the market ended near 2-week closing low on Monday. Nifty closed at 9,754 level, down by 83 points while Sensex closed at 31,258 level, down by 265 points. There were 521 advances, 1,161 declines and 287 unchanged stocks on NSE reflecting strong negative sentiments floating in the market. India VIX ended at 14.77 level, up by 1.38%.
 
Now going forward Nifty50 has major support around the level of 9,685 which is the recent swing low and if this swing low is breached then it may head towards levels of 9,630-9,600. On the other hand, 9,800 and 9,850 will not act as a stiff resistance.
 
On the options front, maximum open positions were added in the August series call options at strike level of 9,800. There was maximum call selling at this strike which signals cap to the Nifty’s up-move. On the put side, the same strike price witnessed maximum buying.
 
Nifty futures of August series ended at premium of 10 points. It had ended at premium of 17 points in previous trading session.

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Indian markets may open positive on encouraging cues from global peers

Indian equity markets are poised to open on a positive territory on Tuesday, following positive sentiments prevailing in the Asian markets. The SGX Nifty, which was trading at 9,806 with gains of 33 points, is signifying positive start for the day.
 
Now, going forward, Nifty50 has major support around the level of 9,685 which is the recent swing low, and if this swing low is breached, than it may head towards the levels of 9,630-9,600. On the other hand, 9,800 and 9,850 will act as stiff resistance levels.
 
Back home, Indian market extended their losing streak on Monday on account of weakness in global markets and sharp decline in index heavyweight Infosys, which weighed on the sentiment on the domestic bourses. Sensex dropped 266 points to close at 31,259 and Nifty tumbled 83 points to settle at 9,754.
 
The US stock market indices closed mostly higher on Monday, with the Dow Industrial Average and S&P 500 eking out slight gains. The Dow Jones Industrial Average gained 29 points to 21,704 and the S&P 500 edged up 3 points to 2,428, while the tech-laden Nasdaq Composite Index edged down 3 points to 6,213. 
 
Majority of Asian markets were trading on positive territory at the open on Tuesday. Hong Kong's Hang Seng has risen 260 points, Japan’s Nikkei 225 has advanced 2 points, while China’s Shanghai Composite has lost 11 points.

Nifty Bank snaps two-day losing streak

The Nifty Bank index was gaining during Monday’s trade after witnessing a downward rally in the previous two trading sessions. Axis Bank was the top gainer on the index. The Nifty Bank index was trading at 24,142.85 level, up by 68.40 points or 0.28%.

The stock of Axis Bank was trading at Rs 495.55 per share, up by Rs 5.15 or 1.05% as at 1105 hours. The stock attracted a traded volume of 10,87,863 shares and traded value of Rs 5,382.09 lakh.

Among other banking majors, ICICI Bank was up 1.02% at Rs 296.15, Yes Bank was up 0.71% at Rs 1,732.90, Bank of Baroda was up 0.51% at Rs 147.95, Induslnd Bank was up 0.29% at Rs 1,625.70, Kotak Mahindra Bank was up 0.21% at Rs 985.60.

Meanwhile, State Bank of India, HDFC Bank, Punjab National Bank, IDFC Bank, Canara Bank and Federal Bank were trading in the red zone.

CDSL surges over 6%

Central Depository Services (India) (CDSL) is catching the attention of market participants as the stock was trading at Rs 340.65 per share, with the gains of Rs 19.3 per share or 6.01% as of 1017 hours on Monday.
 
The total traded volume attracted by the stock stands at 22,84,746 shares and traded value of Rs 76.77 crore. The stock touched its intraday high of Rs 343.45 per share, up by Rs 22.1 per share or 6.87%.
 
The only listed company in depositories services, CDSL had listed at Rs 250 per share on June 30, 2017, at a premium of 67.7% as against its issue price of Rs 149 per share. Its IPO issue was oversubscribed by 170 times, which makes it the most subscribed IPO issue of 2017.
 
Meanwhile, Nifty was trading at 9,868 level, up by 31 points while Sensex was trading at 31,581 level, up by 56 points on Monday. There were 1,005 advances, 542 declines and 418 unchanged stocks on NSE reflecting positive undertone in the market.

Live Stock Market Updates: Infy restricts Nifty's upmove; Metal stocks shine

Nifty finds strong support around 9,750 while 9,870 will act as resistance. 
There are 38 advances and 13 declines in Nifty50 index. Infosys downfall has been restricting the upside movement of the benchmark indices
.
 
Nifty Metal index is top gainer among the sectoral indices on NSE in morning hour. The index is trading at 3,437 level, up by 52 points or 1.55%. NMDC is top gainer in the index trading at Rs 123.85 per share, up by Rs 3.1 per share or 2.57%. SAIL was up by 2% at Rs 60.9 per share.
 
Other metal stocks like Vedanta, Tata Steel, Hindalco, National Aluminium Company, Jindal Steel and Welspun Corporation are also trading in positive territory by more than 1%.
 
At 10 AM, the S&P BSE Sensex is trading at 31,629 up 104 points, while Nifty is trading at 9,878 up 40 points. A total of 25 stocks registered a fresh 52-week high in trade today, while 19 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.34% at 15,259, while BSE Small-cap Index is trading up 0.48% at 15,692.
 
Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while Healthcare and IT are showing weakness on BSE.
 
ONGC, Vedanta, BPCL, Tata Steel, Hindalco are among the gainers, whereas Infosys, Cipla, Asian Paints, Sun Pharma and Zee Entertainment are losing sheen on NSE.
 
The INDIA VIX is down 1.73% at 14.31.

Infy to buy back shares worth Rs 13K crore

Infosys has approved a buyback proposal at Rs 1,150 per share. The stock has a face value of Rs 5  per share.
. 
The record date for the buyback will be announced later. The board of the company approved buyback for an amount not exceeding Rs 13,000 crore.
 
The buyback offer size is 20.51% of the total paid-up equity capital and free reserves of the company as per the latest audited balance sheet as on June 30, 2017. The buyback offer will comprise a purchase of up to 113,043,478 equity shares aggregating up to 4.92% of the paid-up equity share capital of the company.
 
Buyback price of Rs 1,150 per share represents a premium of 19.08% and 18.7% over the volume weighted average market price of the equity shares on BSE and NSE respectively, during the three months preceding the date of intimation to the stock exchanges of the board meeting to consider the proposal of the buyback. The buyback price also represents a premium of 24.58% and 24.55% as per the closing price of the stock on BSE and NSE respectively in Friday’s trading session.
 
Infosys ADR had closed at USD 14.79 down by 7.16% in Friday’s trading session. The stock also witnessed selling pressure on the Indian bourses. It closed lower by 9.56% at Rs 923.25 per share on NSE in Friday’s trading session.

Markets likely to open flat amid mixed Asian cues

Indian equity markets are poised to open flat with marginal gains on Monday, tracking mixed cues prevailing in the Asian markets. 
The SGX Nifty, which was trading at 9,858 with minor gain of 10 points, is indicating flat start for the day.

Nifty50 has immediate support placed around the 9,770 level and the next support is placed around the level of 9,700. On the upside, the level of 9,860 will act as an immediate resistance, while the next resistance is seen around the level of 9,900.

Back home, profit-booking was seen in Indian markets on Friday after three days of continuous rally amid weak global cues. Strong sell-off was seen in Infosys after the announcement that the board of directors has accepted the resignation of Vishal Sikka as the Managing Director and CEO with immediate effect. Sensex slipped 271 points to end at 31,525 and the Nifty dropped 67 points to finish at 9,837.

The US stocks ended the last trading session of the week with marginal losses as stocks showed lack of direction. The Dow Jones Industrial Average finished down 76 points at 21,675. The S&P 500 shed 4 points to close at 2,426. The tech-laden Nasdaq Composite Index edged down 5 points to 6,217.

Asian markets were mixed in early trade on Monday. Japan’s Nikkei 225 has shed 87 points, while Hong Kong's Hang Seng has surged 144 points and China’s Shanghai Composite has gained 10 points.

Live Stock Market Updates – Infosys continues to drag Nifty and Sensex

Benchmark indices continue to trade in negative territory. Broader market indices are also showcasing bearish undertone extending losses.
 
Meanwhile, Nifty FMCG index is the only gainer among sectoral indexes on NSE, The index is up 0.83% at 25,723 level
.
 
ITC is the top index gainer and contributing majorly to index gains. The stock is soaring higher by 1.30% at Rs 283.65 per share on NSE.
 
Other stocks in the index viz. Colgate Palmolive is up 1.18% at Rs 1072.20 per share, GlaxoSmithKline Consumer Healthcare is up 1.02% at Rs 5350 per share.
 
On the contrary, United Spirits is down 1.01% at Rs 2575 per share, United Breweries is down 0.73% at Rs 800 per share.
 
At 12 PM, the S&P BSE Sensex is trading at 31,536 down 258 points, while Nifty is trading at 9838 down 65 points. A total of 16 stocks registered a fresh 52-week high in trade today, while 26 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.17% at 15,202, while BSE Small-cap Index is trading down 0.66% at 15,590.
 
Some buying activity is seen in Telecom, Consumer Durables and Energy indices, while Finance, Healthcare and IT indices are showing weakness on BSE.
 
BPCL, Bharti Infratel and Gail are among the gainers, whereas Infosys, Sun Pharma and Zee Entertainment Enterprises are losing on the NSE.
 
The INDIA VIX is up 0.88% at Rs 14.4.

Opening Bell – Markets open lower, Infosys slips over 5%

At 9:15 AM, Nifty opened at 9,865 level, down by 63 points while Sensex opened at 31,729 level, down by 226 points.
 
Bharti Infratel was top Nifty gainer trading at Rs 386.30 per share, up by 1.83% whereas Infosys was top Nifty loser trading at Rs 968.95 per share, down by 5%. India VIX was trading at 14.31 level, down by 0.20%. Bank Nifty index was trading down by 174 points at 24,057 level.
 
On the broader markets, BSE Mid-cap index was trading at 15,158 level, down by 73 points while BSE Small-cap index was trading at 15,602 level, down 92 points.
 
Rupee opened at 64.17 per USD.
 
Infosys was the top nifty loser on the back of the resignation of Vishal Sikka as MD and CEO of Infosys.

US stocks fall sharply on Thursday as heightened concerns about President Donald Trump’s legislative agenda. The Dow Jones Industrial Average tumbled 274 points to close at 21,751, postinf 1-day biggest fall. The Nasdaq Composite Index plummeted 123 points to 6,212. The S&P 500 shed 38 points to 2,430.
 
Asian markets slipped lower in early trade on Friday on back of sell-off in the U.S market. Japan’s Nikkei 225 has decline 216 points.  Hong Kong Hang Seng has tumble 308 points. China’s Shanghai Composite has lost 10 points.