Opening Bell - Nifty firmly opened above 8850 levels; HDFC Bank pushes Bank Nifty to record high

At 9:15 AM, the BSE Sensex opened higher by 369.16 points at 28670.43, while the Nifty50 opened higher by 93.8 points at the 8871.80 mark.
 
The rupee opened at 67.12 per dollar down by 5 paise.
 
There are 955 advances, 398 declines and 426 unchanged stocks on NSE reflecting positive bias in the morning hours on Friday.
 
HDFC Bank is the top Nifty gainer trading at Rs 1440 per share, up by 8.44%. Idea Cellular Ltd is the top Nifty loser trading at Rs 105.50 per share, down by 2.18%.
 
Immediate resistance for Nifty50 is placed at 8820-8830, if sustains over 8820-8830 further rally towards levels of 8890 is likely. On the other side, 8700-8710 is a strong support zone for Nifty50.
 
The European markets closed lower on Thursday. FTSE 100 closed lower by 24.49 points; CAC 40 closed lower by 25.40 points and German DAX closed lower by 36.69 points.
 
The Dow Jones Industrial Average closed at a record for a sixth session in a row. An announcement by President Donald Trump that a new health plan to replace the Affordable Care Act is likely by March ahead of his proposed tax reform also dampened sentiment. NASDAQ composite index closed, down by 4.54 points.
 
The Asian markets are trading with mixed sentiments. Nikkei 225 is trading lower by 138.68 points; Shanghai Composite is trading lower by 11.34 points while SGX Nifty is trading higher by 72 points.

Nifty firmly closed above 8750 levels; Cadila Healthcare up by 22.71%

Nifty  closed at 8778 levels, up by 53.30 points or 0.61%; while Sensex closed at 28301.27 levels, up by 145.71 points or 0.52%.
 
There were 1136 advances, 484 declines and 296 unchanged stocks on NSE, reflecting strong positive bias floating in the market. 37 stocks touched their fresh 52 week high; whereas 19 stocks touched their fresh 52 week low on NSE in Thursday’s trading session.
 
Tata Group stocks traded in green on Thursday.
 
FMCG heavyweight player, ITC Limited closed at Rs 266.30 per share, down by Rs 6.70 per share or 2.60%. The stock contributed the most to the BSE FMCG index’s losses. Though the index was trading in red, Radico  Khaitan is the top gainer in the index, closing at Rs 130 per share, up by Rs 9.70 per share or 8.06%.
 
Other FMCG stocks like KCP Sugar & Industries Corporation Ltd., Dalmia Bharat Sugar and Industries Ltd., Vadilal Industries Ltd., Goodricke Group Ltd., LT Foods Ltd., and Som Distilleries and Breweries Ltd., closed higher by 4%.
 
Broader Markets outperformed the major indices in Thursday’s trading session. BSE Mid-cap index closed at 13352.59 levels, up by 164.77 points or 1.25%. BSE Small-cap index closed at 13413.95 levels, up by 179.13 points or 1.35%.                

Opening Bell - Markets open in green with slight positive bias; TCS is Nifty top gainer; ITC is Nifty top loser

At 9:15 AM, the BSE Sensex opened higher by 68.29 points at 28223.85, while the Nifty50 opened higher by 14.3 points at the 8739 mark.
 
The rupee opened at 66.94 per dollar.
 
There were 843 advances, 509 declines and 439 unchanged stocks on NSE showing slight positive undertone. TCS is the top Nifty gainer while ITC is the top Nifty loser in morning hours.
 
TCS is trading at Rs 2471 per share, up by 2.37%. ITC is trading at Rs 270.35 per share, down by 1.12%.
 
On the upside, immediate resistance is placed around the level of 8750 and major resistance is placed around levels of 8820-8825.

The Asian markets are exhibiting mixed sentiments. Japanese Nikkei 225 is trading lower by 117.31 points or 0.61%. China’s Shanghai Composite index is trading higher by 5.77 points or 0.18%. SGX Nifty is trading higher by 7.50 points or 0.09%.
 
European markets firmly closed in positive territory. FTSE 100 closed higher by 33.85 points or 0.46%. CAC 40 of France closed higher by 29.04 points or 0.59%. German DAX closed higher by 22.12 points or 0.19%.
 
The US stocks closed higher on Wednesday, with major indices not only ending at record levels, but extending their winning streaks to a seventh straight session. Dow Jones Industrial Average gained 106.66 points, S&P 500 rose 11.59 points and the Nasdaq Composite Index gained 36.87 points.

Tata Motors drag Nifty below 8750.

Nifty closed at 8724.70 levels, down by 67.60 points or 0.77%; while Sensex closed at 28155.56 levels down by 183.75 points or 0.65%.
 
There were 317 advances, 1329 declines and 265 unchanged stocks on NSE, reflecting a strong negative undertone. 29 stocks touched their fresh 52 week highs and 21 stocks touched their fresh 52 week lows on NSE in Wednesday’s trading session.
 
Tata Motors' Q3FY17 consolidated results for the quarter ended on December 31, 2016 registered a miss versus street estimates. The stock reacted negatively to the results in Wednesday’s trading session. It was the top loser in the Nifty50 index, closing at Rs 436.70 per share, down by Rs 45.35 per share or 9.41%.
 
Zee Entertainment Enterprises Limited was the top Nifty gainer, closing at Rs 521.20 per share, up by Rs 8.25 per share or 1.61%.
 
Gitanjali Gems and PC Jeweller have fallen drastically, post Q3FY17 results. Gitanjali Gems has fallen by over 7%; whereas the stock of PC Jeweller has cracked over 4%. The stocks of both the companies have cracked due to poor Q3 results.
 
HDFC Bank Limited touched its lifetime high of Rs 1324 per share, up by Rs 12.9 per share or 0.98%.

Broader markets were also showing weakness on Wednesday. BSE Mid-cap index closed at 13187.82 levels, down by 154.77 points or 1.16%; and BSE Small-cap index closed at 13234.82 levels, down by 204.01 points or 1.52%.
 

BSE Bankex: Movers and Shakers.

BSE Bankex index is currently trading in red down by 121.27 points or 0.52% at 23105.20 levels; whereas BSE Sensex is currently trading in red, down by 162.07 points or 0.57%.  
Following are the BSE Bankex's Movers and Shakers: 

HDFC Bank is up by 0.71%, Axis Bank is up by 0.81, State Bank of India is up by 0.28% HDFC Bank on February 15 traded on new 52 week high at Rs 1321.90 per share.
 
Whereas, Federal Bank is down by 2.89%, Punjab National Bank is down by 2.71%, Bank of Baroda is down by 2.07%, ICICI Bank is down by 1.63% and Yes Bank is down by 0.85%.

Punjab National Bank is currently trading at Rs. 140.3, down by Rs. 3.8 or 2.64% from its previous closing of Rs. 144.1 on the BSE.
 
The scrip opened at Rs. 144.35 and has touched a high and low of Rs. 144.6 and Rs. 139.7 respectively. So far 4886459(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 30664.02 crore.
 
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 164.3 on 11-Nov-2016 and a 52 week low of Rs. 69.4 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs. 152.7 and Rs. 140 respectively.
 
The promoters holding in the company stood at 65.01 % while Institutions and Non-Institutions held 28.72 % and 6.27 % respectively.
 
The stock is currently trading above its 100 DMA.

Opening Bell - Markets open flat with slight negative bias; ITC is top Nifty gainer

 At 9:15 AM, the BSE Sensex opened lower by 69.20 points at 28270.11, while the Nifty50 opened lower by 13.35 points at the 8778.95 mark.
 
There are 722 advances, 647 declines and 433 unchanged stocks on NSE in the morning hours on Wednesday reflecting slight positive undertone.
 
The rupee opened flat at 66.92 per dollar.
 
India VIX is trading at 13.35 levels down by 3.26%. FMCG heavyweight, ITC Limited is among the top gainers in Nifty 50 trading at Rs 275 per share up by 1.55%. Tata Motors is the top loser in Nifty 50 trading at Rs 451.75 per share down by 6.29%.
 
Nifty 50 needs to sustain above the levels of 8820-8830 to regain its lost momentum, and if it manages to sustain above levels of 8820-8830, it is likely to scale up to levels of 8890-8950. On the downside, the level of 8700 is an important support for the short term.

 The European markets closed with mixed feelings. FTSE 100 closed lower by 10.36 points; CAC   40 closed higher by 7.63 points; German DAX closed lower by 2.62 points.

 
The American NASDAQ closed higher by 18.61 points. Dow Jones Industrial Average index closed higher by 92.25 points.
 
Japanese Nikkei 225 is trading higher by 234.52 points; China’s Shanghai Composite index is trading lower by 0.54 points; SGX Nifty is trading higher by 22 points.

Major indices snap 4-day rally; Tata Motors drags Nifty

Nifty closed at 8792.30 levels, down by 12.75 points. Sensex closed at 28339.31 levels, down by 12.31 points.
 
There were 535 advances, 1085 declines and 291 unchanged stocks on NSE, reflecting a negative bias floating in the market. There were 60 stocks that touched their fresh 52-week highs and 13 stocks that touched their fresh 52-week lows on NSE.
 
Bharti Airtel was the top gainer in the Nifty50 stocks. The stocks closed at Rs 368.65 per share, up by Rs 10.60 per share or 2.96%. Tata Motors DVR stock was the top loser in the Nifty50 stocks. The stock closed at Rs 288.50 per share, down by Rs 28.45 per share or 8.98%.
 
GAIL was the top gainer in the Sensex stocks. The stock closed at Rs 496 per share, up by Rs 14.80 per share or 3.08%. Tata Motors Ltd., was the top loser in the Sensex stocks which closed at Rs 468.30 per share, down by Rs 37.10 per share or 7.34%.

F&O cues for Bank Nifty.

Nifty Bank index is trading at 20214.20 levels, down by 37.60 points or 0.19%. Bank Nifty futures of February series is trading at 20248.40 levels at a premium of 34.2. It closed at a premium of 33.7 in the previous trading session.
 
Nifty Bank 16-Feb 20500 CE witnessed addition of 2,55,680 contracts in its Open Interest (OI). Nifty Bank 16-Feb 20000 PE witnessed addition of 1,30,640 contracts in its OI.
 
Maximum open interest is seen at strike price of 20500 level, which stands at 7,98,520 contracts for call options. Maximum open interest is seen at strike price of 20000 level, which stands at 5,64,760 contracts for put options.
 
Put call ratio (PCR) for Bank Nifty expiring on February 16, stands at 0.73, wherein a PCR below 1 is generally considered as bearish in nature.

Live Stock Market Updates: Nifty down by 12 points; Eicher Motors is top gainer and BPCL is top loser on NSE

Nifty PSU Bank index is trading flat with slight positive bias. All the other sectors on NSE are trading in negative territory.
 
BSE Auto index is trading in red in early hours of trade. The index is trading at 21994.12 levels, and is down by 168.19 points or 0.76%.
 
Majority of the index constituents are trading in red, driving the index down. Hero MotoCorp is down by 2.08%, Tata Motors is down by 1.60%, Bajaj Auto is down by 1.53%, Ashok Leyland is down by 1.19% and Maruti is down by 0.37%. Tata Motors alone is contributing 35% to the index downfall.

At 10:00 AM, the S&P BSE Sensex is trading at 28328.83 down 22.79 points, while NSE Nifty is trading at 8793.05 down 12 points. A total of 33 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 down 0.33% at 13374.08, whereas BSE Small-cap Index is trading down 0.16% at 13501.47.
 
Some buying activity is seen in Healthcare, Bank and Realty while Oil & Gas, Energy, Finance, Telecom are showing weakness on BSE.
 
Adani Ports, Bank of Baroda, Tech Mahindra, Grasim and ONGC are among the gainers, whereas BPCL, Hero Motocorp, Ambuja Cement, Tata Motors and Zee Entertainment are losing sheen on NSE in the first trading hour.
 
The INDIA VIX is up 0.47% at 13.75.

Opening Bell - Markets open flat with a slight positive bias; Hindalco top gainer in Nifty; ITC top gainer in Sensex

At 9:15 AM, the BSE Sensex opened higher by 34.5 points at 28386.12, while the Nifty50 opened higher by 0.75 points at the 8805.80 mark.

The rupee opened at 66.97 per dollar higher by 5 paise.
 
There are 784 advances, 577 declines and 441 unchanged stocks on NSE in the morning hours on Tuesday.
 
Sun Pharma, Adani Ports, Jindal Steel and Power, Adani Enterprises, SpiceJet, MOIL will report their results today.
 
Sun Pharma is trading at Rs 656.70 per share up by 0.31%. Adani Ports is trading flat at Rs 309.55 per share. Adani Enterprises is trading at Rs 90.90 per share down by 0.87%.
 
Hindalco is the top gainer in Nifty 50 index trading at Rs 187.15 per share up by 1.16%. FMCG heavyweight, ITC Limited is the top gainer in Sensex trading at Rs 272.70 per share up by 0.81%.
 
The levels of 8820-8830 has proved to be a key hurdle for Nifty50 index. A decisive move above this may open gates for levels of 8890-8950. On the downside, the zone of 8710-8720 is the strong support level for Nifty50 Index.

The European markets closed in green on Monday. FTSE 100 closed higher by 20.17 points; CAC 40 closed higher by 59.87 points; German DAX closed higher by 107.46 points.
 
The American NASDAQ closed higher by 29.83 points or 0.52%.  
 
The Asian markets are trading with mixed feelings. Nikkei 225 is trading down by 31.33 points. Shanghai Composite index is trading lower by 6.11 points; SGX Nifty is trading higher by 18.50 points.