Nifty gives up 8900; ITC, Sun Pharma & HDFC Bank drags the market

Nifty closed at 8,899 levels, down by 46 points or 0.5%. Sensex closed at 28,840 levels, down by 145 points or 0.5%.
 
Except the Auto sector index, all the other indices closed in negative territory on NSE today.
 
Broader markets shed its gains in the closing hours on Thursday. BSE Mid-cap index closed at 13,378 levels, down by 192 points or 1.41%. BSE Small-cap index closed at 13,574 levels, down by 178 points or 1.3%.
 
There were 422 advances, 1,226 declines and 273 unchanged stocks on NSE, reflecting strong negative bias floating in the market.
 
Tata Motors was the star performer despite the markets facing a weak day. Its stock closed at Rs 461 per share, up by Rs 12 per share or 2.8%. Tata Motors held the BSE Auto index in the positive territory, contributing the most to the index gains.

Live stock market updates - Nifty at day's low, trading close to 8950; MTNL up by nearly 4%

Broader market indices are trading in negative territory. Major indices in the market pared their early gains.
 
Bharat Financial Inclusion Limited is trading at Rs 776 per share, down by Rs 43 per share or 5.2%.
 
Jubilant FoodWorks Limited is trading at Rs 1056 per share, up by Rs 55 per share or 5.46%. The stock came down from its days’ high of Rs 1079 per share.
 
In a fresh development, Mahanagar Telephone Nigam Ltd., received Income Tax Refund from Income Tax Department for the Assessment Year 2006-07, amounting to Rs. 224.43 Crores. The stock witnessed sharp surge by more than 3%.
 
There are 645 advances, 952 declines and 322 unchanged stocks on NSE reflecting negative bias floating in the market.
 
At 1 PM, the S&P BSE Sensex is trading at 29039 up 54 points, while NSE Nifty is trading at 8859 up 14 points. A total of 67 stocks registered a fresh 52-week high in trade today, while 10 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.4% at 13510, whereas BSE Small-cap Index is trading down 0.4% at 13753.
 
Some buying activity is seen in Capital Goods, Metal, Auto, while Telecom, Healthcare and Oil & Gas are showing weakness on BSE.
 
Tata Motors, Ultratech Cement, Bajaj-Auto and Hero MotoCorp are among the gainers, whereas Dr Reddy, Sun Pharma, ITC, Idea and Yes Bank are losing sheen on NSE.
 
The INDIA VIX is down 1.3% at 13.4.

Opening Bell - Nifty and Sensex opens at fresh 52-week highs; Tata Motors DVR top Nifty gainer

At 9:15 AM, the BSE Sensex opened higher by 133 points at 29117, while the Nifty50 opened higher by 37 points at 8982 mark.
 
There are 978 advances, 415 declines and 411 unchanged stocks on NSE reflecting strong positive bias floating in the market.
 
Tata Motors DVR is the top Nifty gainer and Dr Reddy is the top Nifty loser in the morning hours on Thursday. Tata Motors DVR is trading at Rs 279.2 per share, up by 1.7% whereas is trading at Rs 2881 per share, down by 1.5%.
 
The rupee opened at 66.75 per dollar.
 
Nifty50 formed a bullish candle on the daily chart. Now, going forward, Nifty50 has multiple hurdles in the range of 8,980-9,000 and if Nifty50 manages to stay above 9,000 mark, it is likely to scale up to the level of 9100. On the downside, major support is placed around the level of 8,860.
 
The Dow on Wednesday closed above 21,000 for the first time ever, marking one of its quickest runs to such a landmark. The Dow Jones Industrial Average surged over 300 points to close at a record 21,116. The S&P 500 Index rallied 32 points to close at a record 2,396.
 
On Thursday, Asian shares surged higher after Wall Street set new records overnight on growing optimism about global growth and rising bets of a rate hike in the US this month. Japan’s Nikkei 225 gained 1.15%, Hong Kong’s Hang Seng gained 141 points to 23,971 and China’s Shanghai Composite gained 7.27 points to 3,254.