Market snaps 6-days gaining streak; Reliance gain ground

Nifty closed at 8896.70 levels, down by 42.80 points or 0.48%. Sensex closed at 28812.88 levels, down by 80.09 points or 0.28%.
 
Axis Bank Limited closed at Rs 509 per share, down by Rs 18.65 per share or 3.53%. ICICI Bank and Axis Bank were the biggest contributors to the Sensex losses.
 
There were 701 advances, 951 declines and 272 unchanged stocks on NSE, reflecting negative undertone floating in the market.
 
Reliance Industries Limited was the top Nifty gainer, whereas Idea Cellular Limited was the top Nifty loser in Thursday’s trading session.
 
Reliance Industries Limited extended its gains, touching fresh 52-week high of Rs 1256.80 per share, up by Rs 74.05 per share or 6.26%.
 
ONGC may acquire HPCL in Rs 44000 cr deal. HPCL’s current market capitalisation is Rs 57000 cr. ONGC may buy Govt's entire 51.1% stake in HPCL.
 
BSE Mid-cap index closed at 13533.78 levels, up by 1.67 points or 0.01%; while BSE Small-cap index closed at 13609.88 levels, up by 22.10 points or 0.16%.
 

Live Stock Market Updates - Sensex hovers around 28900 mark, Reliance Defense up by 9.06%

Reliance Defence is soaring on intraday basis as Anil Ambani is expected to announce defence business plan later today. The stock zoomed over 9%.
 
BSE Energy stocks buzzing as major stocks in the indices are lifting the index. Reliance is up by 4.81%, Petronet LNG is up by 2.90% and Gulf Petroleum is up by 1.94%.
 
At 1 PM, the S&P BSE Sensex is trading at 28906.40 up 15.05 points, while NSE Nifty is trading at 8926.50 down 12.75 points. A total of 49 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 0.19% at 13557.97, whereas BSE Small-cap Index is trading up 0.26% at 13623.55.
 
Some buying activity is seen in Energy, Healthcare, IT, Utilities, and Consumer Durables whereas, FMCG, Finance, Telecom, and Auto are showing weakness on BSE.
 
Reliance, Aurobindo Pharma, Hindustan Uniliver, Infosys, and Hero Motocorp are among the gainers, whereas Axis Bank, Zeel, Power Grid, Infratel and Eicher Motors are losing on the NSE.
 
The INDIA VIX is up 2.25% at 13.70.

Opening Bell - Nifty opens flat; Aurobindo Pharma & RIL top Nifty gainers

At 9:15 AM, the BSE Sensex opened higher by 17.59 points at 28910.50, while the Nifty50 opened higher by 4.2 points at the 8943.70 mark.
 
Aurobindo Pharma is the Nifty top gainer whereas Idea Cellular Ltd., is the Nifty top loser in the morning hours. Aurobindo Pharma is trading at Rs 673.40 per share up by 1.07%. Idea is trading at Rs 117.50 per share, down by 1.76%. RIL is trading at its 8-year high.
 
The rupee opened at 66.72 per dollar at over 3-months high.
 
The 8,970-9,000 zone is likely to remain a key resistance area in the short term for Nifty50. On the downside, immediate support is placed around the level of 8,880 and if this support is breached next major support is placed around the level of 8,820.
 
The Dow Jones Industrial Average closed higher at 11th consecutive trading session on Friday. The Nasdaq Composite Index gained 0.17%, while the S&P 500 Index rose by 0.15%.
 
The European markets closed in negative territory in Friday's trading session, as weakness in the U.S., a fall in commodities and a slew of underwhelming earnings reports weighed on investor sentiment. FTSE 100 closed lower by 27.67 points, German DAX closed lower by 143.80 points and CAC 40 of France closed lower by 46.05 points.
 
On Monday, Asian shares started the new trading week on a negative note. Japan’s Index Nikkei 225 fell over 1% as the yen strengthened for the fourth session. Hang Seng and Shanghai Composite lost 0.27% and 0.17%, respectively.