Live Stock Market Updates - Nifty hovers around 8950, Sensex up over 150 points, SJVN tanks over 6%The Cabinet has approved SJVN’s proposal to invest Rs 5723 crore in Nepal. However the stock does not seem to react positively to this news and has tanked by 6.06% in Wednesday’s trade. Reliance Industries builds on its early gains and is up by more than 10% even as the broader market slips into red. BSE Realty index buzzing with major stocks in the index trading in green. Godrej Properties contributes nearly 40% to the uplifting of the sectoral index. DLF is up by 0.83%, Sobha is up by 0.73%, Prestige is up by 0.54% and Phoenix is up by 0.52%. Whereas, Unitech is down by 0.51% and HDIL is down by 0.38%. At 1 PM, the S&P BSE Sensex is trading at 28906.67 up 146.45 points, while NSE Nifty is trading at 8939.95 up 31.95 points. A total of 50 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading down 0.14% at 13545.75, whereas BSE Small-cap Index is trading down 0.14% at 13632.28. Some buying activity is seen in Energy, Finance, Auto and Bankex whereas, Healthcare, IT and Capital Goods are showing weakness on BSE. Reliance, Axis Bank, Coal India, Intratel and Tata Motors DVR are among the gainers, whereas Grasim, Infosys, Ambuja Cement, NTPC and TCS are losing on the NSE. The INDIA VIX is up 1.33% at 13.71.

The Cabinet has approved SJVN’s proposal to invest Rs 5723 crore in Nepal. However the stock does not seem to react positively to this news and has tanked by 6.06% in Wednesday’s trade.
 
Reliance Industries builds on its early gains and is up by more than 10% even as the broader market slips into red.
 
BSE Realty index buzzing with major stocks in the index trading in green. Godrej Properties contributes nearly 40% to the uplifting of the sectoral index.
 
DLF is up by 0.83%, Sobha is up by 0.73%, Prestige is up by 0.54% and Phoenix is up by 0.52%.
 
Whereas, Unitech is down by 0.51% and HDIL is down by 0.38%.
 
At 1 PM, the S&P BSE Sensex is trading at 28906.67 up 146.45 points, while NSE Nifty is trading at 8939.95 up 31.95 points. A total of 50 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.14% at 13545.75, whereas BSE Small-cap Index is trading down 0.14% at 13632.28.
 
Some buying activity is seen in Energy, Finance, Auto and Bankex whereas, Healthcare, IT and Capital Goods are showing weakness on BSE.
 
Reliance, Axis Bank, Coal India, Intratel and Tata Motors DVR are among the gainers, whereas Grasim, Infosys, Ambuja Cement, NTPC and TCS are losing on the NSE.
 
The INDIA VIX is up 1.33% at 13.71.

Opening Bell - Nifty opens firmly above 8900 level; Reliance up by more than 3%

At 9:15 AM, the BSE Sensex opened higher by 60.81 points at 28822.40, while the Nifty50 opened higher by 19.7 points at the 8927.55 mark.
 
There are 915 advances, 699 declines and 97 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.
 
PowerGrid is the top Nifty gainer while Idea Cellular is the top Nifty loser. PowerGrid is trading at Rs 208.40 per share, up by 1.09% whereas Idea Cellular is trading at Rs 107.75 per share, down 0.55%.

Reliance Industries Limited is trading at Rs 1123.65 per share, up by 3.26%. 
The rupee opened lower at 66.95 per dollar.
 
The level of 8,968 is a crucial level as it’s a previous intermediate top that was formed on September 7, 2016, while on the downside, if the 8,880 level is breached, it is likely to test level of 8,820, which is a major support level.
 
The US stocks closed in positive territory on Tuesday. Three major indices in the American markets closed at record highs. NASDAQ closed higher by 27.37 points or 0.47%; Dow Jones closed higher by 118.95 points or 0.58%; and S&P 500 closed higher by 14.22 points or 0.6%.
 
The Asian stocks were trading on mixed note, despite strong overnight cues from the US as investors await the minutes of the latest Federal Reserve meeting. Japan’s Nikkei 225 dropped 32 points as strength in the yen weighed on exporters. Hong Kong’s Hang Seng is trading higher by 200 points and Shanghai Composite is trading flat.