Nifty closes above 9080, Sensex down 40 points, Idea rallies over 10%

    Nifty closed at 9084 levels, down by 2 points or 0.02%. Sensex closed at 29398 levels, down by 44 points or 0.15%.
 
There were 846 advances, 783 declines and 294 unchanged stocks on NSE, reflecting bearish undertone floating in the market.
 
Idea was the top Nifty gainer whereas, TCS was the top Nifty loser in Wednesday’s trading session.
 
The BSE Mid-cap Index closed up 1% at 13700 whereas, BSE Small-cap Index closed up 0.6% at 13858.

IT stocks under performed broader markets and was the top losing index on the BSE on Wednesday.
 
Infosys contributed nearly 50% to the BSE IT index downfall dragging the index to its lows. The stock closed at Rs 1011 per share up by Rs 23 per share or 2.2%.

Among the Telecom stocks Idea was the top buzzing stock in morning trade and was up by nearly 10%. The stock closed at Rs 113 per share up by Rs 10 per share or 9.9%.
 
Tyre stock, MRF was gaining ground in lunch hours closing at Rs 57100 per share up by Rs 4 per share or 7.7%.

Wipro bags 12 year contract from NHS Scotland

On Tuesday, Wipro, an IT firm announced that the company has bagged a 12 year contract from NHS Scotland. The contract is to build a next generation Enterprise Master Patient Index (eMPI) solution.
 
The Information Technology giant is partnering with NextGate to enable the eMPI solution in Scotland.
 
The Enterprise Master Patient Index (eMPI) solution will help NHS Scotland to transition from its legacy Community Health Index System (CHI) to offer efficient, cost-effective, paperless and patient friendly services in Scotland.
 
Usage of the eMPI solution technology, and modernising of CHI will help to deliver highest quality of healthcare in a cost-efficient and effective way to the people of Scotland.
 
National Health Board of Scotland’s work includes the reduction of health inequalities and improving of the health condition.

 Wipro Ltd is currently trading at Rs 497.15, down by Rs 3.3 or 0.66% from its previous closing of Rs 500.45 on the BSE.

The stock is currently trading above its 200 DMA.

Live Stock Market Updates: Nifty hovers around 9090; MRF up by 9%

MRF Limited is the top gainer in the bunch of BSE Mid-cap index. The stock is trading up by 9% at Rs 57758 per share.
 
Arvind Smart Spaces Limited is the top gainer in the bunch of BSE Small-cap index. The stock is trading up by 14.5% at Rs 82.7 per share.
 
There are 914 advances, 681 declines and 324 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
At 1 PM, the S&P BSE Sensex is trading at 29422 down 19 points, while NSE Nifty is trading at 9092 up 5 points. A total of 42 stocks registered a fresh 52-week high in trade today, while 24 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 1.03% at 13696, while BSE Small-cap Index is trading up 0.7% at 13861.
 
Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while Information Technology are showing weakness on BSE.
 
Idea, Bank of Baroda, Grasim, Aurobindo Pharma, Adani Ports and Reliance Industries Limited are among the gainers, whereas TCS, Infosys, Hindustan Unilever, HCL Tech and Bharti Airtelare losing sheen on NSE.
 
The INDIA VIX is down 0.04% at 12.4.

Opening Bell - Markets opens flat; Tech Mahindra top Nifty gainer

At 9:15 AM, the BSE Sensex opened higher by 9 points at 29452, while the Nifty50 opened flat at the 9086 mark.
 
Tech Mahindra is the top Nifty gainer and Bosch Limited is the top Nifty loser. Tech Mahindra is trading at Rs 484.15 per share, up by 0.9%. Bosch is trading at Rs 22400 per share, down by 0.85%.
 
There are 866 advances, 488 declines and 457 unchanged stocks on NSE reflecting strong positive bias floating in the market.
 
Immediate resistance stands at the level of 9,120 and then next resistance stands at levels of 9,230. On the downside, major support for the index is placed around levels of 9,000, and as long as the level of 9,000 is intact, the trend will be in favour of bulls. 
 
The rupee opened at one year high of 65.76 per dollar.
 
The U.S. investors were cautious ahead of Federal Reserve’s monetary policy meet.
 
The Dow Jones Industrial Average slid 44 points to finish at 20837. The S&P 500 index declined by 8 points to close at 2365; and the Nasdaq Composite Index declined by 18 points to end at 5856.
 
Asian stocks are trading lower on Wednesday. Japan’s Nikkei 225 shed 62 points, Hong Kong’s Hang Seng dropped 120 points and the Shanghai Composite slipped 3 points.
 
The SGX Nifty, which was trading at 9,118, up by 17 points or 0.19 per cent, signalled a flattish opening.