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.

Nifty and Sensex closes at 6-months closing high; Tata Steel top Nifty gainer

Nifty closed at 8,945 levels, up by 6.2 points or 0.8%. Sensex closed at 28,984.49 levels, up by 241 points or 0.8%. Both the indices ended at their six months closing high.
 
Tata Steel was the top Nifty gainer and Idea was the top Nifty loser. Tata Steel closed at Rs 500 per share, up by 3.6%. Idea closed at Rs 112.7 per share, down by 2.7%.
 
Broader markets performed in-line with the major indices in the markets. BSE Mid-cap index closed at 13,569.6 levels, up by 17.3 points or 0.13%. BSE Small-cap index closed at 13,753 levels, up by 62 points or 0.45%.
 
Nifty Metal index, Nifty Mid-cap index and Nifty Small-cap index touched their record highs in Wednesday’s trading session.
 
Eicher Motors closed at Rs 23,670 per share, down by 2%. Escorts closed at Rs 456 per share, up by 1.6%. Ashok Leyland on Wednesday posted its auto sales data for the month of February. The automobile company closed at Rs 89 per share, down by 1.4% while, Mahindra and Mahindra closed at Rs 1,350 per share, up by 3.3%.
 
Amtek Auto closed at Rs 38.7 per share, up by 1.6%. The company will consider the issue of Rs 2.35 crore to two of its promoters namely Amtek Laboratories and Aisa International on a preferential basis. The share will be issued to the promoters at Rs 50 per share, inclusive of premium of Rs 48 per share.
 
Monnet Ispat soared on bourses on Wednesday even as the reports of acquisition of stakes by SAIL in the company emerged. The stock closed at Rs 35.9 per share, up by 6.6%.
 
The leader in the passenger car segment-Maruti Suzuki has also declared its February sales number. The total sales number, which includes the domestic plus exports has increased by 11% in February 2017, as compared to the numbers in February 2016. The stock closed at Rs 5,921 per share, down by Rs 1.85 per share or 0.03%.
 
D-Link subsidiary TeamF1 & Rel Jio is planning to launch fixed line digital services. Its stock surged over 14% and managed to close at Rs 141 per share, up by 14%.
 

Live Stock Market Updates - HDFC, ITC and Infosys lift Nifty above 8950

HDFC, ITC and Infosys are major contributors to the Nifty and lifting it above 8950 mark. HDFC is up by 2.47%, ITC is up by 2.1% and Infosys 1.3%.
 
M&M zooms over 2% as the company posted improved February auto sales.
 
Nifty Midcap 100 index, BSE small cap index, Nifty Metal are trading at  their record highs. 
 
At 3 PM, the S&P BSE Sensex is trading at 29019 up 276 points, while NSE Nifty is trading at 8959 up 80 points. A total of 62 stocks registered a fresh 52-week high in trade today, while 14 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.4 % at 13602, whereas BSE Small-cap Index is trading up 0.6% at 13690.
 
Some buying activity is seen in FMCG, Finance, Healthcare and IT while, Energy, Telecom, and Oil & Gas are showing weakness on BSE.
 
Tata Steel, Hindalco, Dr Reddy, Kotak Mahindra Bank and M&M are among the gainers, whereas NTPC, BPCL, Tata Motors, Eicher Motors, Idea, Gail and BHEL are losing on the NSE.
 
The INDIA VIX is down 2% at 13.

Opening Bell - Nifty above 8900 level; ONGC top Nifty gainer

At 9:15 AM, the BSE Sensex opened higher by 105.7 points at 28849.04, while the Nifty50 opened higher by 24.8 points at 8904.40 mark.
 
There are 942 advances, 414 declines and 427 unchanged stocks on NSE in the morning hours of Wednesday’s trading session.
 
ONGC is the Nifty top gainer and Tech Mahindra is the Nifty top loser in the morning hours. ONGC is trading at Rs 196.40 per share, up by 1.47% whereas Tech Mahindra is trading at Rs 494.40 per share down by 1%.
 
The rupee opened at 66.78 per dollar lower by 9 paise.
 
Nifty50 has support placed at the 8,860 level, and if this support is breached, the next support is placed at the level of 8820. While on the upside, the levels of 8,925 and 8,980 are likely to act as immediate barriers in the short term.
 
The Dow on Tuesday halted its record-setting streak as investors remained cautious ahead of a speech by President Donald Trump. The Dow Jones Industrial Average shed 25 points to close at 20,812.24. The S&P 500 dropped 6.11 points to finish at 2,363.64. The Nasdaq Composite Index fell 36.46 points to end at 5,825.44.
 
On Wednesday, Asian shares edged higher. Japan’s Nikkei 225 surged 0.45%. Hong Kong’s Hang Seng gained 50 points to 23,791 and China’s Shanghai Composite gained 5.71 points to 3,247.44.

Nifty closes below 8900, Sensex down by nearly 70 points, BHEL closed up by 6%

Nifty closed at 8878 levels, down by 18 points or 0.2%. Sensex closed at 28743 levels, down by 69 points or 0.2%.
 
There were 807 advances, 651 declines and 66 unchanged stocks on NSE, reflecting negative undertone floating in the market.
 
BHEL was the top Nifty gainer, whereas BPCL was the top Nifty loser in Tuesday’s trading session.
 
Broader markets outperformed the major indices in Tuesday’s trading session. BSE Mid-cap index closed at 13552 levels, up by 18 points or 0.1%; while BSE Small-cap index closed at 13698 levels, up by 88 points or 0.6%.
 
Economic Affairs Secretary said on Tuesday that all states have agreed and the GST bill will be implemented by July 1. Soon after the announcement major Logistics' stocks were buzzing on bourses. Gati was up by 8.2%, Snowman Logistics was up by 7.2%, VRL Logistics was up by 5.9% and Transport Corporation was up by 5.1%. Gati closed at Rs 129.7 per share, up by Rs 6.3 or 5.1%.
 
Manali Petrochemicals spiked by 12.4% in the BSE Small-cap index as government is likely to levy anti-dumping duties of upto USD 135.4 per tonne on imports of a chemical used in foam making, which comes from Thailand. The stock closed at Rs 41.4 per share, up by Rs 5.9 or 16.7%.    
 
Transformers and Rectifiers India is having a profitable day on the bourses. The stock of the company has zoomed 8% intraday. The stock closed at Rs 399.3 per share, up by Rs 7.3 or 1.8%.    
 
Bajaj Finserv Limited touched its record 52-week high of Rs 4005 per share, up by Rs 183.8 per share or 4.8%. The stock closed at Rs 3976 per share, up by Rs 139.4 or 3.6%.

Opening Bell - Markets open flat with positive bias; Idea top Nifty loser

At 9:15 AM, the BSE Sensex opened higher by 12.31 points at 28825.19 while the Nifty50 opened higher by 2.25 points at the 8898.95 mark.
 
There are 842 advances, 495 declines and 443 unchanged stocks on NSE in the morning hours on Tuesday.
 
Tata Power is the Nifty top gainer while Idea Cellular is the Nifty top loser. Tata Power is trading at Rs 84.20 per share up by 1.81%. Idea Cellular is trading at Rs 110.30 per share, down by 3.71%.
 
The rupee opened at 66.74 per dollar lower by 4 paise.
 
Nifty50 has immediate support placed at 8,880 level, if this support is breached, the next support for Nifty50 is placed at the level of 8820. While on the upside, 8,950 and 8980 are likely to act as an immediate barrier in the short term.
 
The US stocks overcame early weakness to push further into record territory on Monday, with the Dow Industrial posting a 12th straight record close. The Dow Jones Industrial Average gained 15.68 points to finish at record 20,837.44. The S&P 500 advanced 2.39 points to close at a record 2,369.73. The Nasdaq Composite Index gained 16.59 points to close at 5,861.90.
 
On Tuesday, most of the Asian shares edged higher following yet another record finish on the Wall Street overnight after US President Donald Trump promised to spend on infrastructure. Japan’s Nikkei 225 surged 0.65 per cent and the Shanghai Composite gained 0.29 per cent, while Hang Seng is trading flat.

Market snaps 6-days gaining streak; Reliance gain ground

Nifty closed at 8896.70 levels, down by 42.80 points or 0.48%. Sensex closed at 28812.88 levels, down by 80.09 points or 0.28%.
 
Axis Bank Limited closed at Rs 509 per share, down by Rs 18.65 per share or 3.53%. ICICI Bank and Axis Bank were the biggest contributors to the Sensex losses.
 
There were 701 advances, 951 declines and 272 unchanged stocks on NSE, reflecting negative undertone floating in the market.
 
Reliance Industries Limited was the top Nifty gainer, whereas Idea Cellular Limited was the top Nifty loser in Thursday’s trading session.
 
Reliance Industries Limited extended its gains, touching fresh 52-week high of Rs 1256.80 per share, up by Rs 74.05 per share or 6.26%.
 
ONGC may acquire HPCL in Rs 44000 cr deal. HPCL’s current market capitalisation is Rs 57000 cr. ONGC may buy Govt's entire 51.1% stake in HPCL.
 
BSE Mid-cap index closed at 13533.78 levels, up by 1.67 points or 0.01%; while BSE Small-cap index closed at 13609.88 levels, up by 22.10 points or 0.16%.
 

Live Stock Market Updates - Sensex hovers around 28900 mark, Reliance Defense up by 9.06%

Reliance Defence is soaring on intraday basis as Anil Ambani is expected to announce defence business plan later today. The stock zoomed over 9%.
 
BSE Energy stocks buzzing as major stocks in the indices are lifting the index. Reliance is up by 4.81%, Petronet LNG is up by 2.90% and Gulf Petroleum is up by 1.94%.
 
At 1 PM, the S&P BSE Sensex is trading at 28906.40 up 15.05 points, while NSE Nifty is trading at 8926.50 down 12.75 points. A total of 49 stocks registered a fresh 52-week high in trade today, while 19 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.19% at 13557.97, whereas BSE Small-cap Index is trading up 0.26% at 13623.55.
 
Some buying activity is seen in Energy, Healthcare, IT, Utilities, and Consumer Durables whereas, FMCG, Finance, Telecom, and Auto are showing weakness on BSE.
 
Reliance, Aurobindo Pharma, Hindustan Uniliver, Infosys, and Hero Motocorp are among the gainers, whereas Axis Bank, Zeel, Power Grid, Infratel and Eicher Motors are losing on the NSE.
 
The INDIA VIX is up 2.25% at 13.70.

Opening Bell - Nifty opens flat; Aurobindo Pharma & RIL top Nifty gainers

At 9:15 AM, the BSE Sensex opened higher by 17.59 points at 28910.50, while the Nifty50 opened higher by 4.2 points at the 8943.70 mark.
 
Aurobindo Pharma is the Nifty top gainer whereas Idea Cellular Ltd., is the Nifty top loser in the morning hours. Aurobindo Pharma is trading at Rs 673.40 per share up by 1.07%. Idea is trading at Rs 117.50 per share, down by 1.76%. RIL is trading at its 8-year high.
 
The rupee opened at 66.72 per dollar at over 3-months high.
 
The 8,970-9,000 zone is likely to remain a key resistance area in the short term for Nifty50. On the downside, immediate support is placed around the level of 8,880 and if this support is breached next major support is placed around the level of 8,820.
 
The Dow Jones Industrial Average closed higher at 11th consecutive trading session on Friday. The Nasdaq Composite Index gained 0.17%, while the S&P 500 Index rose by 0.15%.
 
The European markets closed in negative territory in Friday's trading session, as weakness in the U.S., a fall in commodities and a slew of underwhelming earnings reports weighed on investor sentiment. FTSE 100 closed lower by 27.67 points, German DAX closed lower by 143.80 points and CAC 40 of France closed lower by 46.05 points.
 
On Monday, Asian shares started the new trading week on a negative note. Japan’s Index Nikkei 225 fell over 1% as the yen strengthened for the fourth session. Hang Seng and Shanghai Composite lost 0.27% and 0.17%, respectively.