Nifty slips below 8950 level; Idea top Nifty gainer

Nifty closed at 8939.50 levels, up by 12.60 points or 0.14%. Sensex closed at 28892.97 levels, up by 28.26 points or 0.10%.
 
There were 699 advances, 941 declines and 273 unchanged stocks on NSE, reflecting negative undertone floating in the market.
 
Idea was the top Nifty gainer whereas Grasim was the topNifty loser in Thursday’s trading session.
 
Idea and Bharti Airtel contributed the most to the BSE Telecom index’s gains. BSE Telecom index closed at 1306.93 levels, up by 23.35 points or 1.82%.
 
Idea closed at Rs 119.80 per share, up by Rs 7.20 per share or 6.39%. Bharti Airtel closed at Rs 366.40 per share, up by Rs 5.40 per share or 1.5%. Airtel touched its fresh 52-week high of Rs 401 per share, up by
Rs 40 per share or 11.1%.
 
Bharti Airtel entered into a definitive agreement to acquire Telenor India. The proposed acquisition will include transfer of all Telenor India’s assets and customers, further augmenting Airtel’s overall customer base and network. It will also enable Airtel to further bolster its strong spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band.
 
As a part of the agreement, Airtel will acquire Telenor India’s running operation in seven circles- Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP East and West and Assam. These circles represent a high population concentration and therefore offer high potential for growth.
 
IT giants, TCS and Infosys lifted the BSE Information Technology index on Thursday. BSE IT index closed at 10378.56 levels, up by 173.89 points or 1.7%.
 
TCS closed at Rs 2481.80 per share, up by Rs 70.3 per share or 2.91%.

Infosys closed at Rs 1008.85 per share, up by Rs 18.8 per share or 1.88%.
 
Reliance Industries Limited touched its fresh 52-week high of Rs 1222 per share, up by Rs 14.50 per share or 1.20% in the morning hours on Thursday, but slipped in further trade, witnessing profit booking. The stock closed in red at Rs 1186.80 per share, down by Rs 20.70 per share or 1.71%.

Opening Bell - Nifty firmly opens above 8950 level; Bharti Airtel up by more than 10%

At 9:15 AM, the BSE Sensex opened higher by 62.96 points at 28927.67, while the Nifty50 opened higher by 29.5 points at the 8956.40 mark.
 
There are 860 advances, 545 declines and 466 unchanged stocks on NSE reflecting positive undertone in the market.
 
Idea is the top Nifty gainer and Bharti Infratel is the top Nifty loser in the morning hours on Thursday. Idea is trading at Rs 116.20 per share, up by 3.20%. Bharti Infratel is trading at Rs 298 per share, down by 0.91%.

The rupee opened flat at 66.96 per dollar.
 
Bharti Airtel, India’s largest telecommunication services provider has entered into a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor India Communications Private Limited which is subject to requisite regulatory approvals.
 
Bharti Airtel is trading at Rs 398.95 per share up by 10.86%.
 
For the day, stiff resistance for Nifty50 is positioned around levels of 8,960-8,970. On the downside, supports are seen at 8,880 and 8,820.
 
The US stocks finished mostly lower on Wednesday, but that did not stop the Dow Jones Industrial Average to log its best record-setting streak in the last three decades. The Dow Jones gained 32.60 points. Meanwhile, the S&P 500 Index shed 2.58 points and the Nasdaq Composite Index slipped 5.32 points. Stocks pared earlier gains as Federal Reserve minutes implied that the central bank is comfortable with raising interest rates “fairly soon”.
 
On Thursday, Asian shares are trading in the negative terrain as Federal Reserve minutes showed that “many” Fed officials expressed support for raising interest rates “fairly soon” if the economy stayed on course or strengthened. Japan’s Nikkei 225 slipped 71 points, Hang Seng dropped 149 points and Shanghai shed 8 points.
 

Live Stock Market Updates - Nifty hovers around 8950, Sensex up over 150 points, SJVN tanks over 6%The Cabinet has approved SJVN’s proposal to invest Rs 5723 crore in Nepal. However the stock does not seem to react positively to this news and has tanked by 6.06% in Wednesday’s trade. Reliance Industries builds on its early gains and is up by more than 10% even as the broader market slips into red. BSE Realty index buzzing with major stocks in the index trading in green. Godrej Properties contributes nearly 40% to the uplifting of the sectoral index. DLF is up by 0.83%, Sobha is up by 0.73%, Prestige is up by 0.54% and Phoenix is up by 0.52%. Whereas, Unitech is down by 0.51% and HDIL is down by 0.38%. At 1 PM, the S&P BSE Sensex is trading at 28906.67 up 146.45 points, while NSE Nifty is trading at 8939.95 up 31.95 points. A total of 50 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading down 0.14% at 13545.75, whereas BSE Small-cap Index is trading down 0.14% at 13632.28. Some buying activity is seen in Energy, Finance, Auto and Bankex whereas, Healthcare, IT and Capital Goods are showing weakness on BSE. Reliance, Axis Bank, Coal India, Intratel and Tata Motors DVR are among the gainers, whereas Grasim, Infosys, Ambuja Cement, NTPC and TCS are losing on the NSE. The INDIA VIX is up 1.33% at 13.71.

The Cabinet has approved SJVN’s proposal to invest Rs 5723 crore in Nepal. However the stock does not seem to react positively to this news and has tanked by 6.06% in Wednesday’s trade.
 
Reliance Industries builds on its early gains and is up by more than 10% even as the broader market slips into red.
 
BSE Realty index buzzing with major stocks in the index trading in green. Godrej Properties contributes nearly 40% to the uplifting of the sectoral index.
 
DLF is up by 0.83%, Sobha is up by 0.73%, Prestige is up by 0.54% and Phoenix is up by 0.52%.
 
Whereas, Unitech is down by 0.51% and HDIL is down by 0.38%.
 
At 1 PM, the S&P BSE Sensex is trading at 28906.67 up 146.45 points, while NSE Nifty is trading at 8939.95 up 31.95 points. A total of 50 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.14% at 13545.75, whereas BSE Small-cap Index is trading down 0.14% at 13632.28.
 
Some buying activity is seen in Energy, Finance, Auto and Bankex whereas, Healthcare, IT and Capital Goods are showing weakness on BSE.
 
Reliance, Axis Bank, Coal India, Intratel and Tata Motors DVR are among the gainers, whereas Grasim, Infosys, Ambuja Cement, NTPC and TCS are losing on the NSE.
 
The INDIA VIX is up 1.33% at 13.71.

Opening Bell - Nifty opens firmly above 8900 level; Reliance up by more than 3%

At 9:15 AM, the BSE Sensex opened higher by 60.81 points at 28822.40, while the Nifty50 opened higher by 19.7 points at the 8927.55 mark.
 
There are 915 advances, 699 declines and 97 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.
 
PowerGrid is the top Nifty gainer while Idea Cellular is the top Nifty loser. PowerGrid is trading at Rs 208.40 per share, up by 1.09% whereas Idea Cellular is trading at Rs 107.75 per share, down 0.55%.

Reliance Industries Limited is trading at Rs 1123.65 per share, up by 3.26%. 
The rupee opened lower at 66.95 per dollar.
 
The level of 8,968 is a crucial level as it’s a previous intermediate top that was formed on September 7, 2016, while on the downside, if the 8,880 level is breached, it is likely to test level of 8,820, which is a major support level.
 
The US stocks closed in positive territory on Tuesday. Three major indices in the American markets closed at record highs. NASDAQ closed higher by 27.37 points or 0.47%; Dow Jones closed higher by 118.95 points or 0.58%; and S&P 500 closed higher by 14.22 points or 0.6%.
 
The Asian stocks were trading on mixed note, despite strong overnight cues from the US as investors await the minutes of the latest Federal Reserve meeting. Japan’s Nikkei 225 dropped 32 points as strength in the yen weighed on exporters. Hong Kong’s Hang Seng is trading higher by 200 points and Shanghai Composite is trading flat.

Live Stock Market Updates: Nifty down by 12 points; Broader markets outperform the major indices

There are 954 advances, 647 declines and 307 unchanged stocks on NSE reflecting positive sentiments floating in the market.
 
BSE Small-cap stocks are buzzing on Tuesday. Kirloskar Electric Company Ltd is trading at Rs 41.10 per share, up by Rs 1.85 per share or 4.71%. Madhucon Projects Ltd. is trading at Rs 47.50 per share, up by Rs 2.65 per share or 5.91%. Kirloskar Brothers Ltd., is trading at Rs 238 per share, up by Rs 12.95 per share or 5.75%.
 
India Cements Ltd., is trading at Rs 171.40 per share, up by Rs 8.65 per share or 5.31%. Eros International Media Ltd. is trading at Rs 216.60 per share, up by Rs 12.85 per share or 6.31%.
 
At 1:00 PM, the S&P BSE Sensex is trading at 28614.26 down 47.32 points, while NSE Nifty is trading at 8867.05 down 12.15 points. A total of 58 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 0.44% at 13573.51, while BSE Small-cap Index is trading up 0.44% at 13649.96.
 
Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while FMCG, Information Technology and Telecom are showing weakness on BSE.
 
Axis Bank, Tech Mahindra, BPCL, HCL Tech, Hindalco and Tata Steel are among the gainers, whereas Infratel, Bharti Airtel, ITC, Ambuja Cement and Tata Power are losing sheen on NSE.
 
The INDIA VIX is up 0.55% at 13.68.

Live Stock Market Updates: Nifty trades flat close to 8900, Wockhardt witness profit booking

Nifty Metal index is buzzing in the morning hours with gains of 1.19%. Jindal Steel and Power Limited is on the top position in Nifty Metal index. The stock is trading at Rs 105.85 per share, up by Rs 5.70 per share or 5.69%.
 
Other Metal stocks like National Aluminium Company Limited, Welspun Corp Limited and Bhushan Steel Limited are trading with gains of more than 3%.
 
Wockhardt Limited is witnessing profit booking with decline in its open interest by 1.55% and decline in share price by 0.46%.
 
At 10:00 AM, the S&P BSE Sensex is trading at 28680.75 up 19.17 points, while NSE Nifty is trading at 8889 up 9.80 points. A total of 42 stocks registered a fresh 52-week high in trade today, while 7 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.56% at 13590.00, while BSE Small-cap Index is trading up 0.54% at 13662.53.
 
Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while FMCG, Telecom are showing weakness on BSE.
 
BPCL, HCL Tech, Tech Mahindra, Hindalco and Tata Steel are among the gainers, whereas Bharti Airtel, Infratel, ITC, Ambuja Cement and Zee Entertainment Enterprises are losing sheen on NSE in the first trading hour.
 
The INDIA VIX is up 4.15% at 14.17.

Opening Bell - Nifty opens firmly above 8850 level; Infosys top Nifty gainer

At 9:15 AM,, the BSE Sensex opened higher by 55.12 points at 28716.70, while the Nifty50 opened higher by 11.55 points at the 8890.75 mark.
 
Infosys is the top Nifty gainer whereas UltraTech Cement is the top Nifty loser in the morning hours on Tuesday’s trading session. Infosys is trading at Rs 1021.85 per share up by 1.15%. UltraTech Cement is trading at Rs 3740 per share down by 0.44%.
 
There are 863 advances, 502 declines and 414 unchanged stocks on NSE in the morning hours reflecting strong positive undertone floating in the market.
 
The rupee opened at 66.92 per dollar up by 9 paise.
 
The US markets will open today after President’s Day holiday on Monday.
 
On Tuesday, Asian shares are trading with positive sentiments. Yhe Japan’s Nikkei 225 surged 85 point as weaker yen supported exporters in Japan. Hang Seng index gained 34 points and Shanghai Composite rose 9 points.
 
The European markets closed with mixed sentiments. FTSE 100 closed flat with slight negative bias. German DAX closed with gains of 70.60 points. CAC 40 of France closed lower by 2.59 points.
 
The crude oil rose above $53 a barrel on optimism over the effectiveness of production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and other oil producing nations against increasing US supply.

Live Stock Market Updates: Nifty trading close to 8850; Jindal Steel touched its fresh 52-week high

Sun Pharma Advanced Research Company Ltd. is the top gainer in the BSE Small-cap select index trading at Rs 325 per share, up by Rs 15.15 per share or 4.99%.
 
Tata Steel is contributing the most to the BSE Metal index gains. The index is trading at 11785.03 levels, up by 171.28 points or 1.47%.
 
Jindal Steel is the top gainer in the BSE Metal index trading at Rs 100.60 per share, up by Rs 7.65 per share or 8.23%. The stock traded on its fresh 52-week high of Rs 101.70 per share, up by Rs 8.75 per share or 9.41%.
 
Adani Enterprises Limited is trading at Rs 98.80 per share, up by Rs 5.10 per share or 5.44%.
 
 
At 12:00 PM, the S&P BSE Sensex is trading at 28539.41 up 70.66 points, while NSE Nifty is trading at 8844.45 up 22.75 points. A total of 40 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.68% at 13514.14, while BSE Small-cap Index is trading up 0.78% at 13573.18.
 
All the sectoral indices on BSE are trading in positive territory.
 
Idea, Bharti Airtel, GAIL, TCS and Tata Steel are among the gainers, whereas Hindalco, M&M, Yes Bank, Bosch Ltd. and Tech Mahindra are losing sheen on NSE.
 
The INDIA VIX is up 1.2% at 13.59.

Opening Bell - Markets open flat; Idea top Nifty gainer,HDFC Bank top Nifty loser

At 9:15 AM, the BSE Sensex opened higher by 13.16 points at 28481.91, while the Nifty50 opened lower by 3.15 points at the 8818.55 mark.
 
There are 815 advances, 530 declines and 441 unchanged stocks on NSE reflecting positive sentiments floating in the market.
 
Idea is the top Nifty gainer trading at Rs 110.25 per share, up by 4.11% whereas HDFC Bank is the top Nifty loser trading at Rs 1363.05 per share, down by 1.02% in Monday’s trading session.
 
The level of 8700 for Nifty is a crucial support level and, on the upside, the level of 8830 and 8890 are major roadblocks for the index.
 
The rupee opened at 67.06 per dollar.
 
The Asian markets are trading mixed on Monday. Japanese Nikkei 225 is trading lower by 27.32 points, Hang Seng is trading higher by 91.44 points, Shanghai Composite index is trading higher by 17.98 points and SGX Nifty is trading higher by 12.5 points.
 
The American stocks finished higher on Friday as the Dow Jones Industrial extended its streak of record closes to the seventh session. The Dow Jones Industrial Average increased 4.28 points to finish at 20,624.05. The S&P 500 index edged up 3.94 points and the Nasdaq Composite Index rose 23.68 points.
 
FTSE 100 closed higher by 22.04 points, CAC 40 of France closed loser by 31.88 points and German DAX closed lower by 0.22 points.

Nifty holds crucial level of 8800; HDFC Bank was the star performer

Nifty closed at 8821.70 levels, up by 43.70 points or 0.50%; while Sensex closed at 28468.75 levels, up by 167.48 points or 0.59%.
 
There were 866 advances, 757 declines and 292 unchanged stocks on NSE, reflecting the strong positive sentiments floating in the market.
 
HDFC Bank Limited was the top performer in the morning hours on Friday. The stock opened at Rs 1445 per share, up by Rs 117.1 per share or 8.81%. It touched a high of Rs 1454 per share, up by Rs 126.10 per share or 9.49%.  However, the stock managed to close at Rs 1375 per share, up by Rs 47.10 per share or 3.55%.
 
HDFC Bank Limited pushed the Bank Nifty up to an all-time high of 21042.35 levels, gaining 798.65 points or 3.94%.
 
Axis Bank bucked the trend in banking space, and closed down by 0.81%. SBI, PNB and BoB closed in negative territory, down in the range of 0.60% to 0.80%.
 
ICICI Bank closed up by 1.70%. IndusInd Bank closed up by 1.16%.
 
Nifty Pharma index was the top gainer among the sectoral indices. The index closed at 10605.95 levels, up by 198.20 points or 1.9%.
 
Zydus has received final approval from the USFDA for Fluconazole Tablets USP and Clobetasol Propionate Spray. The stock touched its fresh 52 week high of Rs 460.75 per share, up by Rs 31.25 per share or 7.27%.
 
BSE Metal index closed in red, down by 0.67%. BSE IT index closed down by 1.10%. BSE Telecom index closed down by 0.33%. BSE Auto Index closed down by 0.20%.
 
Broader markets closed in positive territory. BSE Mid-cap index closed at 13422.89 levels, up by 70.30 points or 0.53%. BSE Small-cap index closed at 13467.64 levels, up by 53.69 points or 0.40%.