Sensex closes slightly up by 39 points at 28329.7; Venky's and RPP Infra zooms up by 20%

The day started with gains of 26.5 points for Nifty; and with gains of 59.3 points for Sensex. Nifty and Sensex tumbled in the afternoon session to lose 44.95 points and 137.74 points respectively. However, the market recovered in the closing hours. Nifty closed at 8778.4 levels, up by 9.35 points and Sensex closed at 28329.7 levels, up by 39.78 points. 
There were 793 advances, 845 declines and 273 unchanged stocks on NSE, reflecting mixed feelings floating in the market.
 
Broader markets have shown some positive bias till afternoon hours but slipped thereafter. However, they recovered in the closing hours. BSE Mid-cap index closed at 13506.61 levels, up by 31.63 points or 0.23%. BSE Small-cap index closed at 13582.89 levels, up by 25.29 points or 0.19%.
 
Nifty Media index was the star performer of the day. The index touched the high of 3035.40 levels, up by 2.26%. The index closed at 3022.90 levels, up by 1.84%.
 
Sun TV was the top gainer in the Nifty Media index. The stock closed at Rs 736.5 per share, up by
Rs 31.55 per share or 4.48%. DEN Networks Limited was on the second position, closing at Rs 87.50 per share, up by Rs 3.10 per share or 3.67%.
 
Bank stocks were seen to be under pressure. 10 stocks from Nifty PSU Bank stocks declined out of a total of 11 stocks. Union Bank closed at Rs 152.95 per share, down by Rs 13.60 per share or 8.17%.
 

BSE Telecom index in focus; TTML up by 9.45%.

BSE Telecom index is trading at 1285.81 levels, up by 10.09 points or 0.79%, outperforming the major indices in the market.
 
Bharti Infratel and Bharti Airtel are contributing most to the index gains.
 
Bharti Infratel is trading at Rs 314.85 per share, up by 1.53%. Bharti Airtel is trading at Rs 354.40 per share, up by 0.45%.
 
Tata Teleservices (Maharashtra) Ltd., is the top gainer in the index, trading at Rs 6.95 per share, up by 9.45%. American Tower Company (ATC) has bought majority stake in VIOM Networks, and Tata Teleservices will exit VIOM if deal goes through. Tata Group holds 32% in VIOM Networks through Tata Teleservices. ATC is planning to buy out completely the 32% stake of the Tata Group.
 

Tata Communications is trading at Rs 780.4 per share, up by 2.68%.

Live Stock Market Updates - Nifty trades in red; Hindalco is down by 2.72%.

Broader markets opened in green in Thursday’s trading session. BSE Metal index is trading at 11643.63 levels and is down by 164.28 points or 1.39%.

While, Hindalco is down by 2.72%, National Aluminium is down by 2.58%, Tata Steel is down by 2.16%, Vedanta Steel is down by 1.35% and JSW Steel is down by 1.08%.
 
Tata Steel, Hindalco and Vedanta Steel is contributing most to the index losses and dragging the index down.
 
At 11 AM, the S&P BSE Sensex is trading at 28217.44 down 70.48 points, while NSE Nifty is trading at 8743.85 down 25.10 points. A total of 53 stocks registered a fresh 52-week high in trade today, while 4 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.31% at 13433.71, whereas BSE Small-cap Index is trading up 0.08% at 13547.06.
 
Some buying activity is seen in Energy, FMCG, Finance and Healthcare indices, while Consumer Durables and Metal indices are showing weakness on BSE.
 
Power Grid, Aurobindo Pharma, Kotak Mahindra Bank, Tech Mahindra, and Hero MotoCorp are among the gainers, whereas Bank of Baroda, Cipla, BHEL, Hindalco and Coal India are losing sheen on NSE.
 
The INDIA VIX is up 1.80% at 13.59.

Opening Bell - Markets react positively to RBI's neutral Monetary Policy Stance; Nifty up by nearly 30 points

At 9:15 AM, the BSE Sensex opened higher by 59.3 points at 28349.22, while the Nifty50 opened higher by 26.5 points at the 8795.55 mark.
 
The rupee opened at 67.04 per dollar, up by 15 paise.
 
The zone of 8680-8710 is likely to act as a strong support zone in the short term, whereas on the upside, the immediate hurdle is seen around levels of 8810-8825. If Nifty sustains above these levels, its likely to test the level of 8890.
 
In sixth bi-monthly monetary policy, RBI kept the repo rate unchanged at 6.25%, reverse repo rate at 5.75% and MSF rate 6.75%.
 
The Asian markets are trading in green except Nikkei 225. Nikkei 225 is trading down by 49.44 points. Shanghai Composite is trading higher by 11.51 points, SGX Nifty is trading higher by 7.5 points.
 
FTSE 100 closed higher by 2.6 points; CAC 40 of France closed higher by 12.13 points while German DAX closed lower by 6.06 points.
 
The Nasdaq rose 8.24 points and the Dow fell 35.95 points. The S&P 500 index edged up 1.59 points.

Bankex free fall as RBI kept the rates unchanged.

The Bse Bankex which represents the 10 banking stocks has fallen sharp as the RBI has kept the repo rate unchanged at 6.25%.
 
All the 10 stocks are trading in the index are trading in red. The Bankex has fallen by 190 points.
 
HDFC Bank, Federal Bank, Yes Bank, SBI, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Bank of Baroda and PNB which represent the index have lost in the range of 0.49 to 3.26%.
 
PNB is the highest loser in the index and has fallen by 3.26%. Sensex on the other hand, has fallen by nearly 200 points.  

RBI keeps repo rate unchanged at 6.25%.

RBI’s sixth bimonthly monetary policy review keeps repo rate unchanged at 6.25%.

MSF and Bank rate kept unchanged at 6.75%.

FY17 GVA seen at 6.9% FY18 GVA seen at 7.4% with rick evenly balanced.  CPI seen below 5%.Consequently, the reverse repo rate under the LAF remains unchanged at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.

 
The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving consumer price index (CPI) inflation at 5% by Q4 of 2016-17 and the medium-term target of 4% within a band of +/- 2%, while supporting growth.

Repo rate is the rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds.
 
Sensex is trading at 28160.10 levels down by nearly 200 points or 0.62%. Nifty is trading at 8741.15 levels down by nearly 50 points.

Live Stock Market Updates: Markets are trading cautious; Titan zooms by 8.8%.

There are almost 180 firms that are going to announce their Q3 results. Hero MotoCorp, NTPC, Cipla, Bharat Forge, Tata Chemicals, United Breweries and City Union Bank are some of the companies that would be in focus on Wednesday’s trading session.
 
Titan Company Ltd is trading at Rs 428 per share, up by 8.8%. PC Jewellers is trading at Rs 392 per share, up by 3.65%. Both these stocks are contributing the most in the BSE Consumer Durables index gains.
 
Bank stocks are trading cautious ahead of RBI’s monetary policy. Nifty PSU Bank index and Nifty Private Bank index are trading in negative territory by 0.12% and 0.3% respectively.
 
At 10:00 AM, the S&P BSE Sensex is trading at 28334.97 down by 0.19 points, while NSE Nifty is trading at 8771.35 up 3.05 points. A total of XX stocks registered a fresh 52-week high in trade today, while XX stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.52% at 13476.87, whereas BSE Small-cap Index is trading up 0.32% at 13571.98.
 

Opening Bell - Markets opens cautious ahead of RBI's monetary policy review

At 9:15 AM, the BSE Sensex opened higher by 50.92 points at 28386.08, while the Nifty50 opened higher by 6.25 points at the 8774.55 mark.
 
The rupee opened higher at 67.38 per dollar as against previous close of 67.41 per dollar.
 
There are 950 advances, 451 declines and 463 unchanged stocks on NSE reflecting positive bias floating in the market.
 
There are almost 180 firms that are going to announce their Q3 results. Hero MotoCorp, NTPC, Cipla, Bharat Forge, Tata Chemicals, United Breweries and City Union Bank are some of the companies that would be in focus on Wednesday’s trading session.
 
All eyes would be on the outcome of the Reserve Bank of India’s policy review, which will be announced at 2:30 p.m. today. The monetary policy committee headed by the RBI governor is expected to cut interest rates by 25 basis points, according to a poll of economists conducted by BloombergQuint.
 
The European markets closed on February 7 with mixed feelings. FTSE 100 closed at 7186.22 levels gaining 0.2%, CAC 40 of France closed at 4754.47 levels, down by 23.61 points or 0.5%, German DAX closed at 11549.44 levels, up by 39.6 points or 0.34%.
 
Nikkei 225 is trading higher by 8.59 points, Shanghai composite index is trading lower by 14 points, SGX Nifty is trading at 8805.50 levels, up by 6 points or 0.07%.

Nifty tests 8750; Capital Goods stocks outperform

Nifty was trading in negative territory for whole day and closed in red at 8768.30 levels, down by 32.75 points or 0.37%. Sensex closed at 28335.16 levels, down by 104.12 points or 0.37%.
 
Heavy electrical equipment manufacturer, Bharat Heavy Electricals Ltd., has surged to Rs 154.9 per share, up by Rs 10.9 per share or 7.56% after announcement of its standalone financial results for the quarter ended on December 31, 2016. The stock witnessed an upward movement in closing hours of Tuesday’s trading session. BHEL secured the top position in the bunch of Nifty 50 stocks.
 
Larsen & Toubro Ltd., is the top gainer in the Sensex, closing at Rs 1502 per share, up by Rs 17.05 per share or 1.15%.
 
Auto stocks like Bajaj-Auto, Tata Motors, Hero MotoCorp and M&M remained weak throughout the day, eventually dragging the Sensex down.
 
Nifty Bank closed at 20327.25 levels, down by 44.35 points or 0.22%. Bank stocks remained calm with some positive bias ahead of RBI’s monetary policy.
 
Tata Motors Ltd., closed at Rs 507.15 per share, down by 3.46%.
 
BSE IT closed in green along with BSE Consumer Durables and BSE Capital Goods. Firstsource Solutions Ltd., was the top gainer in the BSE IT index. The stock closed at Rs 43.4 per share, up by Rs 3.85 per share or 9.73%.
 
BSE Metal and BSE Realty closed in red showing weakness.
 

Live Stock Market Updates - Markets under pressure; Crompton Greaves up by 2.08%.

he INDIA VIX is up 1.34% at 13.58. S&P BSE Sensex is trading at 28,383 down 55.45 points, while NSE Nifty is trading at 8781.70 down 19.20 points. A total of 75 stocks registered a fresh 52-week high in trade today, while 8 stocks touched a new 52-week low on the NSE.

Hexaware Technologies surged 3.51% owing to its Q4CY16 results for the quarter ended on December 31, 2016. Also, LG Balakrishnan & Bros fell over 5% as the company announced its Q3 results in Tuesday’s trading session.
 
BSE Consumer Durables is gaining grounds and is up by 0.53%. Crompton Greaves is contributing around 68% alone to the sector index gains. Other stocks in the index are trading in green. Titan is up by 0.88%, Rajesh Export is up by 0.77%.

These small-cap stocks are gaining grounds, IGPL is up by 10.8% , Corporation Bank is up by 10.54%, Sunil Hitech is up by 9%, Unitech is up by 8%, Polymed is up by 8%, ICRA is up by 7% and Amtek auto is up by 6%.
 
Whereas, Banco India is down by 8%, Prakash Industries is down by 5.15%, Ester Industries is down by 4.90% and Aegis Logistics is down by 4.44%
 
At 12 PM, the S&P BSE Sensex is trading at 28,383 down 55.45 points, while NSE Nifty is trading at 8781.70 down 19.20 points. A total of 75 stocks registered a fresh 52-week high in trade today, while 8 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.22% at 13461.10, whereas BSE Small-cap Index is trading up 0.37% at 13589.26.