Nifty closes below 8900, Sensex down by nearly 70 points, BHEL closed up by 6%

Nifty closed at 8878 levels, down by 18 points or 0.2%. Sensex closed at 28743 levels, down by 69 points or 0.2%.
 
There were 807 advances, 651 declines and 66 unchanged stocks on NSE, reflecting negative undertone floating in the market.
 
BHEL was the top Nifty gainer, whereas BPCL was the top Nifty loser in Tuesday’s trading session.
 
Broader markets outperformed the major indices in Tuesday’s trading session. BSE Mid-cap index closed at 13552 levels, up by 18 points or 0.1%; while BSE Small-cap index closed at 13698 levels, up by 88 points or 0.6%.
 
Economic Affairs Secretary said on Tuesday that all states have agreed and the GST bill will be implemented by July 1. Soon after the announcement major Logistics' stocks were buzzing on bourses. Gati was up by 8.2%, Snowman Logistics was up by 7.2%, VRL Logistics was up by 5.9% and Transport Corporation was up by 5.1%. Gati closed at Rs 129.7 per share, up by Rs 6.3 or 5.1%.
 
Manali Petrochemicals spiked by 12.4% in the BSE Small-cap index as government is likely to levy anti-dumping duties of upto USD 135.4 per tonne on imports of a chemical used in foam making, which comes from Thailand. The stock closed at Rs 41.4 per share, up by Rs 5.9 or 16.7%.    
 
Transformers and Rectifiers India is having a profitable day on the bourses. The stock of the company has zoomed 8% intraday. The stock closed at Rs 399.3 per share, up by Rs 7.3 or 1.8%.    
 
Bajaj Finserv Limited touched its record 52-week high of Rs 4005 per share, up by Rs 183.8 per share or 4.8%. The stock closed at Rs 3976 per share, up by Rs 139.4 or 3.6%.

Opening Bell - Markets open flat with positive bias; Idea top Nifty loser

At 9:15 AM, the BSE Sensex opened higher by 12.31 points at 28825.19 while the Nifty50 opened higher by 2.25 points at the 8898.95 mark.
 
There are 842 advances, 495 declines and 443 unchanged stocks on NSE in the morning hours on Tuesday.
 
Tata Power is the Nifty top gainer while Idea Cellular is the Nifty top loser. Tata Power is trading at Rs 84.20 per share up by 1.81%. Idea Cellular is trading at Rs 110.30 per share, down by 3.71%.
 
The rupee opened at 66.74 per dollar lower by 4 paise.
 
Nifty50 has immediate support placed at 8,880 level, if this support is breached, the next support for Nifty50 is placed at the level of 8820. While on the upside, 8,950 and 8980 are likely to act as an immediate barrier in the short term.
 
The US stocks overcame early weakness to push further into record territory on Monday, with the Dow Industrial posting a 12th straight record close. The Dow Jones Industrial Average gained 15.68 points to finish at record 20,837.44. The S&P 500 advanced 2.39 points to close at a record 2,369.73. The Nasdaq Composite Index gained 16.59 points to close at 5,861.90.
 
On Tuesday, most of the Asian shares edged higher following yet another record finish on the Wall Street overnight after US President Donald Trump promised to spend on infrastructure. Japan’s Nikkei 225 surged 0.65 per cent and the Shanghai Composite gained 0.29 per cent, while Hang Seng is trading flat.