Live Stock Market Updates: Markets marginally lower; IT stocks extend loss

Nifty IT index is trading lower by 1.22% at 10570 level. Despite clarification from Infosys regarding pricing cuts news in the IT industry, IT stocks are still trading in red zone.
 
IT giant, TCS is trading at around Rs 2554 per share down by 2.31%. Other IT stocks like JustDial, Tata Elxsi, Mindtree, Infosys, HCL Tech and Wipro are also trading in negative territory.
 
There are 735 advances, 756 declines and 454 unchanged stocks on NSE reflecting flat undertone in the market.
 
At 10 AM, the S&P BSE Sensex is trading at 31252 down 18 points, while NSE Nifty is trading at 9660 down 3 points. A total of 47 stocks registered a fresh 52-week high in trade today, while 18 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.25% at 14837, while BSE Small-cap Index is trading marginally up 0.08% at 15438.
 
Some buying activity is seen in Capital Goods, Finance, Metal, Auto, while Energy, FMCG, IT and Telecom are showing weakness on BSE.
 
Tata Steel, Dr Reddy’s, HDFC, Hindalco and Tata Motors are among the gainers, whereas TCS, Bharti Infratel, Tata Power, Adani Ports and GAIL are losing sheen on NSE in the first trading hour

Opening Bell – Sensex opens above 31300, Nifty opens close to 9700

At 9:15 am the BSE Sensex opened at 31316 up by 45 points, while the Nifty50 opened up by 18 points at 9682 mark.

 
Tata Steel is the top Nifty gainer and ONGC is the top Nifty loser in the morning hours. Tata Steel is trading at Rs 502 per share up by 2.27% whereas ONGC is trading at Rs 170.70 per share, down by 0.78%.
 
There are 930 advances, 459 declines and 513 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The rupee opened at 64.40 per US dollar lower by 7 paise on Thursday. The rupee on Wednesday recovered from early lows to close 10 paise up at nearly three-week high of 64.33 against the dollar after the Reserve Bank lowered its inflation forecast while keeping the policy rates unchanged.
 
The Nifty50 index has respected the support level of 9,630 and now it needs to hold above the level of 9,680 if it were to extend its upward rally towards the levels of 9,710 and 9,735. On the downside, the level of 9,620-9,630, may continue to act as a strong support level and if this support is breached, it is likely to slide down to the level of 9,570.
 
The US stocks showed a lack of direction over the course of the trading session on Wednesday but managed to end the day with modest gains. The Dow Jones Industrial Average rose 37 points to close at 21,174. The S&P 500 index rose 4 points to close at 2,433. The Nasdaq Composite index edge up 22 points to close at 6,297.
 
Most of the Asian shares edge lower in early trade on Thursday. Japan’s Nikkei 225 has been trading unchanged; Hong Kong’s Hang Seng has slipped 23 points, while China’s Shanghai Composite has shed 4 points.

Opening Bell – Markets edge higher ahead of RBI policy announcement

At 9:15 AM, the BSE Sensex opened higher by 62 points at 31252, while the Nifty50 opened higher by 26 points at 9663 mark.

Vedanta is the top Nifty gainer and Dr Reddy’s is the top Nifty loser in the morning hours. 
 
There are 842 advances, 443 declines and 483 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The level of 9,700 is likely to act as a strong barrier for the Nifty50. If it holds above the level of 9,700, a rally is likely up to the level of 9,730. On the downside, the support for Nifty50 index is placed in the region of 9,620-9,630.
 
The rupee opened at 64.49 per US dollar lower by 6 paise. On Tuesday, snapping its four-day winning run, the rupee turned weaker by 7 paise to end at 64.43 against the US dollar amid caution ahead of the outcome of the RBI’s bi-monthly policy review meet on Wednesday.
           
The US stocks ended the Tuesday’s session marginally lower. The Dow Jones Industrial Average dropped 48 points to end at 21,136. The S&P 500 index declined 7 points to close at 2,430. The Nasdaq Composite index slid 21 points to close at 6,275.
 
Asian shares are trading mixed in early trading on Wednesday. Japan’s Nikkei 225 has slipped 44 points, Hong Kong’s Hang Seng has surged 62 points, while China’s Shanghai Composite has gained 21 points.

RBI policy announcement may indicate market direction

Indian equity markets may open on a flattish note on Wednesday, tracking mixed cues from Asian peers. The SGX Nifty, which was trading with gains of 10 points at 9,686, indicated that domestic bourses may open flat.
 
The level of 9,700-9,710 may continue to act as a hurdle for the bulls. However, if Nifty50 holds above this level, it is likely to scale up to the level of 9,750. On the downside, the support for Nifty50 index is placed in the region of 9,620-9,630, and if this support is breached, it is likely to slide down to the level of 9,550.
 
Market participants will keep an eye on the RBI policy due to be announced today.
 
Back home, Indian markets opened the session in positive territory and Nifty scaled to a milestone of 9,700, as it touched a high of 9,709 at the opening bell. But, thereafter, sentiments turned pessimistic and indices closed the day on a negative note as investors and traders resorted to profit-booking at higher levels.
 
The US stocks ended the Tuesday’s session marginally lower. The Dow Jones Industrial Average dropped 48 points to end at 21,136. The S&P 500 index declined 7 points to close at 2,430. The Nasdaq Composite index slid 21 points to close at 6,275.
 
Asian shares are trading mixed in early trading on Wednesday. Japan’s Nikkei 225 has slipped 44 points, Hong Kong’s Hang Seng has surged 62 points, while China’s Shanghai Composite has gained 21 points.

Live Stock Market Updates – Markets slip from record high, IT stocks soar

The Nifty IT Index is gaining ground during the opening sessions and is up by over 1.5%. Tata Elxsi is up by 4%, TCS is up by 3%, HCL Tech is up by 2%, Infosys is up by 1.5% and KPIT is up by 1%.
 
At 10 AM, the S&P BSE Sensex is trading at 31264 down 44 points, while NSE Nifty is trading at 9661 down 13 points. A total of 47 stocks registered a fresh 52-week high in trade today, while 24 stocks touched a new 52-week low on the NSE.
 
There are 585 advances, 898 declines and 456 unchanged stocks on NSE reflecting a positive bias floating in the market.
 
The BSE Mid Cap Index is trading down 0.3% at 14766, while BSE Small Cap Index is trading down 0.2% at 15373.
 
Some buying activity is seen in Information Technology and Bankex, Auto, Oil & Gas, Metal, Healthcare are showing weakness on BSE.
 
TCS, HCL Tech, Infosys, SBI and Tech Mahindra are among the gainers, whereas ITC, Cipla, ONGC, Indiabulls housing Finance and Asian Paints are losing on the NSE.

Markets may open on a flattish note

Indian equity markets may open on a flattish note on Tuesday tracking subdued cues from Asian peers. The SGX Nifty, which was trading with gains of 6 points at 9,700, indicated that domestic bourses may open flat.
 
Nifty50 is likely to face immediate resistance around the levels of 9,700-9,710. If it holds above these levels, a rally up to the level of 9,750 is likely. On the downside, the support for Nifty50 index is placed in the region of 9,620-9,630.
 
Back home, Indian markets continued their winning streak on Monday, with benchmark indices Sensex and Nifty recording fresh record highs, as sentiment got a boost after better-than-expected growth in Indian’s service PMI, Nikkei Purchasing Managers’ Index (PMI) data showed that India’s services sector expanded at the fastest rate in the past four months in May at 52.2. Additionally, gem and jewellery stocks were in the limelight after GST Council fixed GST rate at 3%.
 
The US stocks showed a lack of direction throughout the trading session on Monday. Eventually, the session ended with nominal losses. The Dow Jones Industrial Average slipped 22 points to 21,184. The SP 500 declined 3 points to finish at 2,346. The Nasdaq Composite Index closed lower by 10 points at 6,296.
 
Most of the Asian shares declined marginally in early trade on Tuesday. Japan’s Nikkei 225 has fallen 122 points. Hong Kong’s Hang Seng has advanced 77 points and China’s Shanghai Composite has shed 3 points.

Live Stock Market Updates: Nifty trades marginally higher; Jewellery and Textile stocks gain

Textile stocks and Gems & Jewellery stocks reacted positively to the GST rates in the morning hour on Monday. Titan is the top gainer in Jewellery stocks. It is trading higher by around 11% at Rs 525 per share. PC Jewellers is trading higher by 8.09% at Rs 543.75 per share.
 
Bombay Dyeing is the top gainer in textile stocks. It is trading higher by close to 6% at Rs 74.15 per share.
 
There were 994 advances, 522 declines and 439 unchanged stocks on NSE reflecting fairly positive bias floating in the market.
 
At 10 AM, the S&P BSE Sensex is trading at 31268 down 4 points, while NSE Nifty is trading at 9659 up 5 points. A total of 57 stocks registered a fresh 52-week high in trade today, while 22 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.51% at 14877, whereas BSE Small-cap Index is trading up 0.7% at 15417.
 
Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while FMCG is showing weakness on BSE.
 
Bajaj Auto, Indiabulls Housing Finance, Bharti Infratel, BPCL and Yes Bank are among the gainers, whereas Lupin, Coal India, Wipro, Infosys, HDFC Bank are losing sheen on NSE in the first trading hour.
 

Opening Bell – Nifty, Sensex open on a muted note

At 9:15 AM, the BSE Sensex opened higher by 1 points at 31274, while the Nifty50 opened higher by 3 points at 9656 mark.
 
India Bulls Housing Finance is the top Nifty gainer and Lupin Auto is the top Nifty loser in the morning hours. 
 
There are 953 advances, 445 declines and 502 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The level of 9,700 is likely to act as a strong barrier for the Nifty50. If it holds above the level of 9,700, a rally is likely up to the level of 9,730. On the downside, the support for Nifty50 index is placed in the region of 9,620-9,630.
 
The rupee opened at 64.31 per US dollar higher by 13 paise. On Friday, the rupee rose by 4 paise to a fresh one-week high of 64.44 against the US dollar on sustained selling of the American currency by exporters.
 
The US stocks closed higher on Friday, shrugging off weaker than expected job data. The tech-heavy Nasdaq outperformed its counterparts. The Nasdaq Composite Index advanced 59 points to finish at 6,306. The Dow Jones Industrial Average rose 62 points to close at 21,206. The S&P 500 index gained 9 points to 2,439.
 
Asian markets are trading flat on Monday. Japan’s Nikkei 225 has gained 5 points. Hong Kong’s Hang Seng has advanced 2 points. However, China’s Shanghai Composite has shed 9 points.

Live Stock Market Updates – Nifty trades just below 9650, Sensex above 31200, GMR Infra sizzles

The BSE Metal is the top losing index on Friday’s morning session. It is down 0.4% at 11077.
 
Tata Steel and Vedanta are contributing majorly to the index losses and dragging it to lower levels. Tata Steel is down by 1.8% at Rs 488 per share and Vedanta is also down by 0.8% at Rs 229 per share.
 
Other stocks in the index such as National Aluminium Company is down by 0.8% at Rs 66 per share and Hindalco is down by 0.8% at Rs 195 per share.
 
The Nifty metal index is trading lower on Friday than its previous close. On the NSE, JSW Steel is down by 0.13% at Rs 195 per share, APL Apollo Tubes is down by 0.11% at Rs 1448 per share, Hindustan Zinc is down by 0.06% at Rs 238 per share.
 
Meanwhile, GMR Infrastructure is surging ahead on the BSE. It is up by 14% at Rs 17 per share.
 
At 11 AM, the S&P BSE Sensex is trading at 31243 up 105 points, while NSE Nifty is trading at 9642 up 26 points. A total of 51 stocks registered a fresh 52-week high in trade today, while 32 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.52% at 14772, while BSE Small-cap Index is trading up 0.29% at 15278.
 
Some buying activity is seen in Telecom, Power and Realty indices, while Capital Goods, Oil & Gas and Metal indices are showing weakness on BSE.
 
Bharti Airtel, Cipla, Adani Ports and Hero Motocorp are among the gainers, whereas Tata Steel, Power Grid, Hindalco and Vedanta are losing on the NSE.

Opening Bell – Nifty at record high, opens at 9657

At 9:15 AM, the BSE Sensex opened lower by 68 points at 31205, while the Nifty50 opened lower by 41 points at 9657 mark.
 
Lupin is the top Nifty gainer and Bajaj Auto is the top Nifty loser in the morning hours. 
 
There are 1100 advances, 315 declines and 453 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The levels of 9,645-9,650 are likely to act as a strong barrier for the Nifty50. If it holds above these levels, a rally up to levels of 9,700-9,730 is likely to happen, while on the downside, the support for Nifty50 index is placed at levels of 9,550 and 9,500.
 
The rupee opened at 64.35 per US dollar higher by 13 paise. On Thursday, the rupee strengthened by 3 paise to close at 64.48 a dollar level despite weaker-than-expected GDP numbers.
 
The US stocks closed at record highs on Thursday. The strength on Wall Street came following the release of upbeat economic data, including a report from payroll processor ADP showing a jump in private sector employment in the month of May. The S&P 500 index surged 18 points to finish at 2,430. The Dow Jones Industrial Average advanced 136 points to end at 21,144. The Nasdaq Composite Index rose 48 points to close at 6,247.
 
Most of the Asian markets were trading in the green on Friday. Japan’s Nikkei 225 has surged 242 points, surpassing the 20,000 mark for the first time since 2015. Hong Kong’s Hang Seng has risen 137 points, while China’s Shanghai Composite has shed 6 points.