Nifty closes above 8930, Sensex up nearly 20 points, Alembic Pharma gains over 6%

Nifty closed at 8934 levels, up by 7 points or 0.08%. Sensex closed at 28946 levels, up by 17 points or 0.06%.
 
There were 614 advances, 998 declines and 311 unchanged stocks on NSE, reflecting bearish undertone floating in the market.
 
Bosch Limited was the top Nifty gainer whereas, Tech Mahindra was the top Nifty loser in Friday’s trading session.
 
The BSE Mid-cap Index closed down 0.3% at 13353 whereas, BSE Small-cap Index closed down 0.2% at 13588.
IT stocks were rallying on bourses, Infosys alone contributing almost 80% to the BSE IT index gains. Infosys closed at Rs 1021 per share up by Rs 9 per share or 0.9%
 
Alembic Pharma rallied on bourses and gained over 6% on Friday. The stock clos trading at Rs 623 per share up by Rs 21 or 3.6%.
 
Career Point during Friday’s trade gained over 6% and the stock closed trading at Rs 111 per share up by Rs 0.1 per share or 0.1%.

Live Stock Market Updates: Nifty shy of 8950; India Home Loans gains 6%

The board of DCB Bank recently approved fund raising plan by up to Rs 400 through the route of issuing equity shares to Qualified Institutional Buyers (QIBs). The stock traded on its fresh 52-week high of Rs 163.9 per share on Friday.

India Home Loan gains nearly 6% after the announcement of signing of MoU with Surat Urban Development Authority (SUDA).

Career Point spikes over 6% after the announcement of signing of agreement with Ministry of Social Justice and Empowerment (MSJE).

There are 843 advances, 709 declines and 370 unchanged stocks on NSE reflecting some positive bias floating in the market.

At 1 PM, the S&P BSE Sensex is trading at 28982 up 53 points, while NSE Nifty is trading at 8941 up 14 points. A total of 28 stocks registered a fresh 52-week high in trade today, while 23 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading flat at 13405, while BSE Small-cap Index is trading up 0.4% at 13672.

Some buying activity is seen in Information Technology, Auto and Telecom while Oil & Gas, Energy, FMCG, Healthcare are showing weakness on BSE.

Ultratech Cement, Hero MotoCorp, LT, Infosys and Tata Power are among the gainers, whereas Power Grid, Grasim, Hindalco and Tech Mahindra are losing sheen on NSE.

The INDIA VIX is down 4.2% at 13.8.

Opening Bell - Nifty opens above 8950; Kotak Bank top Nifty gainer

At 9:15 AM, the BSE Sensex opened higher by 77 points at 29006, while the Nifty50 opened higher by 26 points at the 8953 mark.
 
Kotak Mahindra Bank is the top Nifty gainer and ONGC is the top Nifty loser on Friday. Kotak Mahindra Bank is trading at Rs 189.3 per share, up by 1.2%. ONGC is trading at Rs 189.3 per share, down by 0.2%.
 
There are 905 advances, 451 declines and 429 unchanged stocks on NSE reflecting strong positive bias floating in the market.
 
Sugar stocks are buzzing in the morning hours on Friday. Rajashree Sugars is up by 3.3%, Rana Sugars is up by 3.3%, DCM Shriram Industries is up by 6%.
 
If Nifty50 sustains below the level of 8,890, it may correct up to the level of 8,860 and if the support of 8,860 level is breached, expect it to test the level of 8,800.
 
On the upside, Nifty50 has multiple resistances in the range of 8,980-9,000. If Nifty50 holds above 9,000 level, it would attempt to move towards the level of 9,119.
 
The rupee opened at 66.69 per dollar higher by 2 paise. 
The US stocks finished marginally higher on Thursday. The Dow Jones Industrial Average advanced 2 points to end at 20,858. The S&P 500 index gained 2 points to close at 2,365. The Nasdaq Composite rose 1 point to finish at 5,839.
 
The Asian stock markets are trading higher on Friday. Japan’s Nikkei 225 has surged higher by 252 points as the yen traded below 115 per dollar. The Hong Kong’s Hang Seng has gained 33 points and Shanghai Composite is trading flat.

Opening Bell - Nifty opens slightly lower; Dr. Reddy's touches fresh 52-W low

At 9:15 AM, the BSE Sensex opened higher by 8 points at 28909, while the Nifty50 opened lower by 10 points at the 8914 mark.
 
BPCL is the top Nifty gainer and GAIL is the top Nifty loser. BPCL is trading at Rs 642.9 per share, up by 0.6%. GAIL is trading at Rs 374 per share, down by 3.8%.

Dr. Reddy's touched its fresh 52-week low of Rs 2750 per share, down by 3.4% in the morning hours on Thursday.
 
There are 516 advances, 1127 declines and 72 unchanged stocks on NSE reflecting strong negative bias floating in the market.
 
Since 21st February 2017, Nifty50 is oscillating in a range of 8,860-8,993. A decisive move on either side will trigger a fresh leg of trending move. However, for the day key support levels to watch out for is 8,890 and next support is placed at levels of 8,860. Whereas, on the upside Nifty50 as multiple resistance in the range of 8,980-9,000.
 
All eyes are on Thursday’s evening’s exit polls from the five states that held Assembly elections - Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur.
 
The rupee opened at 66.81 per dollar lower by 11 paise.
 
The Dow Industrials and S&P 500 closed in negative territory on Wednesday as oil prices dropped and a stronger-than-expected report on private sector employment increased the probability for an interest-rate hike next week.  The Dow Jones Industrial Average declined 69 points to end at 20,856.
 
The S&P 500 Index slipped 5 points to close at 2,363. The Nasdaq Composite rose 4 points to finish at 5,838.
 
Most of the Asian stock markets are trading lower on Thursday. Japan’s Nikkei 225 trading with marginal gains of 25 points, whereas, Hong Kong’s Hang Seng shed 281 points. The Shanghai Composite slipped 21 points.    

Markets remain choppy, MTNL gains, Idea falls steep

Nifty closed at 8924 level, down by 22 points or 0.3%. Sensex closed at 28901 level, down by 98 points or 0.3%.
 
Broader markets shown weakness on Wednesday. BSE Mid-cap index closed at 13428 level, down by 76 points under performing the major indices in the market. BSE small-cap index closed at 13633 levels, down by 42 points.
 
There were 521 advances, 1109 declines and 295 unchanged stocks on NSE reflecting strong negative bias floating in the market.
 
Bosch Limited was the top Nifty gainer and Idea Cellular was the top Nifty loser. Bosch closed at Rs 21900 per share up by 2.5% and Idea Cellular closed at Rs 106 per share down by 2.3%.
 
The highly talked about IPO in the market right now, Avenue Supermarkets IPO got subscribed by 0.6 times till the afternoon on the first day of subscription.
 
Government has asked the concerned ministry to initiate discussions regarding the merger of MTNL and BSNL. The markets celebrated this development. MTNL surged by 18% to touch its fresh 52-week high of Rs 26.5 per share.
 

Live Stock Market Updates: Nifty holds 8900 level; Divi's Laboratories extend gains

Nifty Pharma is the only sector on NSE that is trading in green. Divi’s Laboratories is the biggest contributor to the index gains and is the top gainer in the index.
 
Divi’s Laboratories is trading at Rs 785 per share, up by Rs 30.4 per share or 4%. The stock has extended its morning gains in the afternoon hours.
 
Other Pharma stocks like, Cadila Healthcare, Aurobindo Pharma, Cipla, and Glenmark are also trading in positive territory on Wednesday.
 
Metal stocks are showing weakness trading lower by more than 2%. NMDC is the top loser in Metal stocks trading at Rs 141 per share, down by 4.4%.
 
There are 429 advances, 1150 declines and 346 unchanged stocks on NSE reflecting strong negative bias floating in the market.
 
At 1 PM, the S&P BSE Sensex is trading at 28868 down 131 points, while NSE Nifty is trading at 8905 down 41 points. A total of 40 stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.6% at 13423, while BSE Small-cap Index is trading down 0.4% at 13618.
 
All the sectors are showing weakness on BSE.
 
Yes Bank, Kotak Bank, ACC, Aurobindo Pharma, Eicher Motors and Power Grid are among the gainers, whereas Hindalco, BPCL, HCL Tech, Tata Motors and ONGC are losing sheen on NSE.
 
The INDIA VIX is up 0.7% at 13.9.

Opening Bell - Markets open flat; Kotak Bank top Nifty gainer

At 9:15 AM, the BSE Sensex opened higher by 22 points at 29021, while the Nifty50 opened higher by 1.8 points at 8948 mark.
 
Kotak Bank is the top Nifty gainer and Wipro is the top Nifty loser in the morning hours on Wednesday.  Kotak Bank is trading at Rs 825 per share up by 1% whereas Wipro is trading at Rs 492 per share, down by 0.6%.
 
There are 797 advances, 544 declines and 542 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The rupee opened at 66.62 per dollar.
 
If Nifty50 sustains below the level of 8,925, it may then correct up to the level of 8,860. On the upside, the level of 9,000 is a strong barrier, and if it holds above the 9,000 level, it is likely to scale up to the level of 9,100.
 
The US stocks on Tuesday closed lower on Tuesday. The Dow Jones Industrial Average shed 30 points to end at 20,925. The S&P 500 Index declined 7 points to close at 2,368. The Nasdaq Composite slipped 15 points to finish at 5,834.
 
Asian stock markets are trading lower on Wednesday, tracking weak overnight cues from the Wall Street. Japan’s Nikkei 225 is down 111 points, Hong Kong’s Hang Seng has lost 10 points, while the Shanghai Composite is trading flat. The SGX Nifty, which was trading at 8,970, down by 13 points or 0.14%.

Nifty closes below 8950, Sensex down nearly 50 points, Inox Leisure rallies 14%

Nifty closed at 8946 levels, down by 17 points or 0.2%. Sensex closed at 28986 levels, down  by 61 points or 0.1%.
 
There were 667 advances, 959 declines and 297 unchanged stocks on NSE, reflecting bearish undertone floating in the market.
 
Adani Ports was the top Nifty gainer whereas, Hindalco was the top Nifty loser in Friday’s trading session.
 
The BSE Mid-cap Index closed up 0.1% at 13,503 whereas, BSE Small-cap Index closed up 0.03% at 13,675.

Inox Leisure surged over 14% in closing sessions of Monday’s trade. The stock closed at Rs 266 up by Rs 30 per share or 12%.
 
Eros International soared over 6% on intraday basis and closed at Rs 227 up by Rs 13 per share or 6%.

Live Stock Market Updates - Nifty down almost 60 points, TTML tumbles over 3%

Telecom stocks on Monday’s trade are losing ground and major stocks in the BSE Telecom index are trading in red dragging the index to its lows.
 
Heavyweight stocks, TTML is down by 3.7%, GTL Infra is down by 3.3%, RCom is down by 3.3%, MTNL is down by 1.7% and Bharti Airtel is down by 1.2%.
 
Meanwhile some stocks in the sectoral index are trading in green. HFCL is up by 3.5%, Vindhyatel is up by 1.6%, Stretch is up by 1.2% and Infratel is up by 0.6%.
 
Bharti Airtel is the major contributor to the sectoral index and pulling the index down.
 
At 12 PM, the S&P BSE Sensex is trading at 28990 down 57 points, while NSE Nifty is trading at 8939 down 24 points. A total of 31 stocks registered a fresh 52-week high in trade today, while 9 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.1% at 13502, whereas BSE Small-cap Index is trading down 0.01% at 13669.
 
Some buying activity is seen in Utilities, Capital Goods and Oil & Gas indices while, FMCG, IT, Auto and Metal indices are showing weakness on BSE.
 
The INDIA VIX is up 2.5% at 13.

Opening Bell – Markets open in green with slight positive bias; Bosch top Nifty gainer

At 9:15 AM, the BSE Sensex opened higher by 44 points at 29092, while the Nifty50 opened higher by 14 points at 8977 mark.
 
Bosch is the Nifty top gainer and Lupin is the Nifty top loser in the morning hours on Tuesday. Bosch is trading at Rs 21480 per share higher by 0.54% whereas Lupin is trading at Rs 1470 per share lower by 0.49%.
 
There are 897 advances, 761 declines and 71 unchanged stocks on NSE in the morning hours reflecting some positive bias floating in the market.
 
The rupee opened at 66.77 per dollar higher by 4 paise.
 
Nifty50 has major resistance around the 9000 level, while on the downside, support is seen at the 8,925 level and the next support is placed at level of 8,860.
 
The SGX Nifty, which is trading at 8,971, down by 6 points or 0.07%.
 
The US stocks retreated on Monday with the Dow closing below 21,000 marks as market participants are refraining from taking big positions ahead of the Federal Reserve’s monetary policy meeting next week amid mounting expectation for interest rate hike.
 
The Dow Jones Industrial Average closed at 20,956 with loss of 49 points, while S&P 500 fell 7 points to close at 2,375. The Nasdaq Composite slid 21 points to finish at 5,849.  
 
Asian stocks markets are trading mixed on Tuesday, tracking weak overnight cues from Wall Street. Japan’s Nikkei 225 slipped 24 points, while Hong Kong’s Hang Seng gained 92 points. The Shanghai Composite lost 4 points.