Nifty closes above 9100 for first time; HDFC, Infosys, L&T top contributors to Nifty index gains

Barometer index Nifty closed at it all time high of 9153 levels, up by 68 points or 0.7%. While, Sensex closed at 29586 levels, up by 187 points or 0.6%.  

HDFC, Infosys, L&T were the top contributors to Nifty index gains lifting the it to higher levels.
 
Nifty, Nifty Bank and Nifty Midcap ended at record closing highs on Thursday. whereas, Sensex closed 96 points away from its record closing high of 29682. All the sectoral indices closed in green, Nifty Metal being the top gainer.
 
While, on the NSE advance decline ratio was at 5:2. There were 1149 advances, 482 declines and 288 unchanged stocks on NSE, reflecting bullish undertone floating in the market.
 
Adani Ports was the top Nifty gainer whereas, Bharti Airtel was the top Nifty loser in Thursday’s trading session.
 
The BSE Mid-cap Index closed up 1.5% at 13912 whereas, BSE Small-cap Index closed up 1% at 14006.

APL Apollo Tubes soared over 5% as the company announced partnership with NEXTracker, hitting a 52-week high of Rs 1149.10.
 
Ashoka Buildcon soared over 7% hitting a 52-week high of Rs 199.65 per share. The stocks closed at Rs 196 up by Rs 10 per share or 5%.
 
Pennar Engineeered jumped over 11% as the company bagged order an order worth Rs 152 crore. The stock closed at Rs 130 up by Rs 10 per share or 8%.
 
HCL Tech rallied over 5% as the company is considering buyback of  its shares on March 20. The stocks closed at Rs 53 up by Rs 1 or 2%.

Live Stock Market Updates – Sensex at two-year high, Nifty holds morning gains, Logistics stocks sizzle

Sensex index surged past its two-year high to 29,583.45, up 0.7% or 194.37 points on Thursday’s trade.
 
Share of tech giant HCL Technologies jumped 3% as the company on Wednesday announced is going to consider buyback of its shares.
 
Logistics stocks are gaining ground as the GST Council is likely to endorse additional legislation for implementation of the GST on Thursday.
 
Transport and logistics stocks on the exchanges such as, TCI Express is up by 10.5%, Transport Corp is up by 7.1%, Chartered Logistics is up by 4.7%, Snowman Logistics is up by 3.3%, All Cargo is up by 2.6%, VRL Logistics is up by 2% and Arshiya is up by 2%.
 
At 1 PM, the S&P BSE Sensex is trading at 29536 up 137 points, while NSE Nifty is trading at 9137 up 52 points. A total of 70 stocks registered a fresh 52-week high in trade today, while 25 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 1.1% at 13858, whereas BSE Small-cap Index is trading up 1% at 14001.
 
Some buying activity is seen in FMCG, Finance, Industrials, IT and Auto indices while, Telecom index is showing weakness on BSE.
 
Adani Ports, Tata Steel, HCT Tech, Hindalco, IndusInd Bank and Infosys are among the gainers, whereas Bharti Airtel, Reliance, HDFC Bank and Zeel are losing on the NSE.
 
The INDIA VIX is down 3% at 12.

Opening Bell - Nifty touches all-time high of 9143; HCL Tech top Nifty gainer

At 9:15 AM, the BSE Sensex opened higher by 84 points at 29482, while the Nifty50 opened higher by 45 points at the 9129 mark. Nifty touched its all-time high of 9143 level in the morning hour on Thursday.
 
HCL Technologies is the top Nifty gainer. The stock is trading at Rs 857.3 per share, up by 1.7%.
 
Century Textiles & Industries Limited is trading at Rs 1038 per share, up by 1.8%. Hindalco Industries Limited is trading at Rs 193.4 per share, up by 1.3%.
 
There are 1111 advances, 312 declines and 462 unchanged stocks on NSE reflecting strong positive bias floating in the market.
 
Nifty50 needs to hold above the level of 9,120 to start a fresh up-move towards levels of 9,180-9,230, while on the downside, the level of 9,000 is likely to act as strong support.
 
The rupee opened at its fresh 16-months high of 65.38 per dollar up by 0.4%. The rupee gained 2.1% in the month of march and 3.9% on YTD basis.
 
The US stocks surged higher on Wednesday as the Federal Reserve raised interest rates. The Dow Jones Industrial Average gained 113 points to end at 20,950. The S&P 500 index rose 20 points to finish at 2,385. The Nasdaq Composite Index advanced 43 points to 5,900.
 
The European markets closed higher on Wednesday. FTSE 100 closed higher by 11 points at 7368 level, CAC closed higher by 11 points at 4985 level, German DAX closed higher by 21 points at 12009 levels.
 
SGX Nifty is trading higher by 66 points at 9175 level.

Nifty closes above 9080, Sensex down 40 points, Idea rallies over 10%

    Nifty closed at 9084 levels, down by 2 points or 0.02%. Sensex closed at 29398 levels, down by 44 points or 0.15%.
 
There were 846 advances, 783 declines and 294 unchanged stocks on NSE, reflecting bearish undertone floating in the market.
 
Idea was the top Nifty gainer whereas, TCS was the top Nifty loser in Wednesday’s trading session.
 
The BSE Mid-cap Index closed up 1% at 13700 whereas, BSE Small-cap Index closed up 0.6% at 13858.

IT stocks under performed broader markets and was the top losing index on the BSE on Wednesday.
 
Infosys contributed nearly 50% to the BSE IT index downfall dragging the index to its lows. The stock closed at Rs 1011 per share up by Rs 23 per share or 2.2%.

Among the Telecom stocks Idea was the top buzzing stock in morning trade and was up by nearly 10%. The stock closed at Rs 113 per share up by Rs 10 per share or 9.9%.
 
Tyre stock, MRF was gaining ground in lunch hours closing at Rs 57100 per share up by Rs 4 per share or 7.7%.

Wipro bags 12 year contract from NHS Scotland

On Tuesday, Wipro, an IT firm announced that the company has bagged a 12 year contract from NHS Scotland. The contract is to build a next generation Enterprise Master Patient Index (eMPI) solution.
 
The Information Technology giant is partnering with NextGate to enable the eMPI solution in Scotland.
 
The Enterprise Master Patient Index (eMPI) solution will help NHS Scotland to transition from its legacy Community Health Index System (CHI) to offer efficient, cost-effective, paperless and patient friendly services in Scotland.
 
Usage of the eMPI solution technology, and modernising of CHI will help to deliver highest quality of healthcare in a cost-efficient and effective way to the people of Scotland.
 
National Health Board of Scotland’s work includes the reduction of health inequalities and improving of the health condition.

 Wipro Ltd is currently trading at Rs 497.15, down by Rs 3.3 or 0.66% from its previous closing of Rs 500.45 on the BSE.

The stock is currently trading above its 200 DMA.

Live Stock Market Updates: Nifty hovers around 9090; MRF up by 9%

MRF Limited is the top gainer in the bunch of BSE Mid-cap index. The stock is trading up by 9% at Rs 57758 per share.
 
Arvind Smart Spaces Limited is the top gainer in the bunch of BSE Small-cap index. The stock is trading up by 14.5% at Rs 82.7 per share.
 
There are 914 advances, 681 declines and 324 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
At 1 PM, the S&P BSE Sensex is trading at 29422 down 19 points, while NSE Nifty is trading at 9092 up 5 points. A total of 42 stocks registered a fresh 52-week high in trade today, while 24 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 1.03% at 13696, while BSE Small-cap Index is trading up 0.7% at 13861.
 
Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while Information Technology are showing weakness on BSE.
 
Idea, Bank of Baroda, Grasim, Aurobindo Pharma, Adani Ports and Reliance Industries Limited are among the gainers, whereas TCS, Infosys, Hindustan Unilever, HCL Tech and Bharti Airtelare losing sheen on NSE.
 
The INDIA VIX is down 0.04% at 12.4.

Opening Bell - Markets opens flat; Tech Mahindra top Nifty gainer

At 9:15 AM, the BSE Sensex opened higher by 9 points at 29452, while the Nifty50 opened flat at the 9086 mark.
 
Tech Mahindra is the top Nifty gainer and Bosch Limited is the top Nifty loser. Tech Mahindra is trading at Rs 484.15 per share, up by 0.9%. Bosch is trading at Rs 22400 per share, down by 0.85%.
 
There are 866 advances, 488 declines and 457 unchanged stocks on NSE reflecting strong positive bias floating in the market.
 
Immediate resistance stands at the level of 9,120 and then next resistance stands at levels of 9,230. On the downside, major support for the index is placed around levels of 9,000, and as long as the level of 9,000 is intact, the trend will be in favour of bulls. 
 
The rupee opened at one year high of 65.76 per dollar.
 
The U.S. investors were cautious ahead of Federal Reserve’s monetary policy meet.
 
The Dow Jones Industrial Average slid 44 points to finish at 20837. The S&P 500 index declined by 8 points to close at 2365; and the Nasdaq Composite Index declined by 18 points to end at 5856.
 
Asian stocks are trading lower on Wednesday. Japan’s Nikkei 225 shed 62 points, Hong Kong’s Hang Seng dropped 120 points and the Shanghai Composite slipped 3 points.
 
The SGX Nifty, which was trading at 9,118, up by 17 points or 0.19 per cent, signalled a flattish opening.

Nifty closes above 9080, Sensex up nearly 500 points, VIP India rallies 13%

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   Nifty closed at 9087 levels, up by 152 points or 1.7%. Sensex closed at 29442 levels, up by 496 points or 1.7%.

Benchmark Nifty on Tuesday hit its all-time high of 9122 mark, while Sensex neared its all-time high as the investors cheered an unprecedented win by the BJP and closed at its two year closing high.

There were 1035 advances, 616 declines and 285 unchanged stocks on NSE, reflecting bullish undertone floating in the market.
 
ICICI Bank was the top Nifty gainer whereas, Bosch was the top Nifty loser in Tuesday’s trading session.
 
The BSE Mid-cap Index closed up 1.4% at 13557 whereas, BSE Small-cap Index closed up 1.1% at 13767.
 
Alembic Pharma rallied on bourses and gained over 6% on Friday. The stock closed trading at Rs 623 per share up by Rs 21 or 3.6%.
 
Career Point during Friday’s trade gained over 6% and the stock closed trading at Rs 111 per share up by Rs 0.1 per share or 0.1%.

Live Stock Market Updates: Nifty holds above 9070, CESC rises over 3%

   Power stocks like CESC is up by 3.3%, CG Power is up by 3.3%, Adani Power is up by 3%, Reliance Infra is up by 2.7%, GMR Infra is up by 2.2%, Siemens is up by 2.1% and Reiance Power is up by 1.7% on the BSE.

IT stocks like Aurionrpo Solutions is up by 3.6%, Aptech is up by 3.3%, Ramco Systems is up by 2.3%, Quick Heal is up by 2.2% annd Smart Link is up by 2.11% on the BSE.

Meanwhile other stock in the BSE IT index such as, Lycos is down by 3.7%, ISFT is down by 1.7%, Trigyn is down by 1.1% and HGS is down by 1.2%.

At 1 PM, the S&P BSE Sensex is trading at 29402 up 456 points, while NSE Nifty is trading at 9074 up 140 points. A total of 55 stocks registered a fresh 52-week high in trade today, while 30 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 1.4% at 13557, whereas BSE Small-cap Index is trading up 1.1% at 13756.

Some buying activity is seen in Capital Goods, Bankex, Pharma, Auto, Finanace and Healtcare while Telecom is showing weakness on BSE.

ICICI Bank, LT, Ultratech Cement, Yes Bank and Asian Paints are among the gainers, whereas Bosch, Bharti Airtel, Idea and Sun Parma are losing sheen on NSE .

The INDIA VIX is down 10% at 12.

Rel Cap appoints Devang Mody as CEO of its commercial lending business

          Devang Mody has been appointed as the CEO of the commercial lending business at Reliance Capital Limited. In the past he served as president of consumer business at Bajaj Finance.
 
At Bajaj Finance, he was responsible for the consumer business vertical that included consumer durables and lifestyle finance, cross selling, credit cards and salaried personal loans.
 
He is a Chartered Accountant from ICAI with a Bachelor’s Degree in Commerce from Sydenham College, Mumbai.
 
Reliance Capital Limited touched its intraday high of Rs 562.20 per share, up by nearly 5%.
 
At the time of filing this report the stock was trading at Rs 560 per share, up by Rs 25 per share or 4.6%.
 
Reliance Capital is an Indian diversified financial services holding company, promoted by the Reliance Group.