Nifty closes absolute flat first time since Oct 27, 2016; Sensex down by 27 points; Fertiliser stocks gain

         NSE Nifty closed flat at 9173 levels. Nifty closes without any change for the first time ever since October 27, 2016. BSE Sensex closed at 29,620 levels, down by 26.9 points or 0.09%.
 
Reliance Industries Limited's (RIL's) stock jumped to a 9-year high of Rs 1337.65 per share on the NSE, as the investors are looking forward to the release of data related to total number of subscribers for Jio’s prime membership.
 
RIL stock witnessed sharp surge in closing hours and lifted the Nifty and Sensex from red zone to green zone for few minutes of closing hour.
 
The Bank Nifty index on Friday’s trade discontinued its 3-day gaining streak to close lower by 176 points at 21444 levels.
 
Fertiliser stocks rallied on the bourses in the opening session owing to talks in the market related to the changes to the National Urea Policy by the Cabinet. FACT (Fertiliser and Chemicals Travancore) closed higher by 13% at Rs 41.6 per share, RCF closed higher by 9.4% at Rs 81.75 per share.
 
There were 934 advances, 697 declines and 293 unchanged stocks on NSE, reflecting slightly bullish undertone floating in the market.
 
Reliance industries was the top Nifty gainer whereas, Axis bank was the top Nifty loser in Friday’s trading session.
 
The BSE Mid-cap Index closed up 0.7% at 14096 whereas, BSE Small-cap Index closed up 0.7% at 14433.

Live Stock Market Updates: Nifty subdues on last day of FY17; South Indian Bank up by over 6%

 
        The South Indian Bank Limited is outperforming the Nifty Private Bank index trading higher by over 6% at Rs 21.5 per share.
 
The PSU Bank stocks are rallying as Cabinet meet is likely discuss the issue of rising NPAs in the banking sector.
 
The FMCG heavyweight, ITC Limited is trading in red lower by 1.08% at Rs 279.7 per share dragging the Nifty FMCG down.
 
There are 980 advances, 585 declines and 358 unchanged stocks on NSE reflecting fairly positive bias floating in the market.
 
At 1 PM, the S&P BSE Sensex is trading at 29590 down 56 points, while NSE Nifty is trading at 9162 down 11 points. A total of 90 stocks registered a fresh 52-week high in trade today, while 17 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.7% at 14088, while BSE Small-cap Index is trading up 0.7% at 14430.
 
Some buying activity is seen in Healthcare, Metal, Auto, while FMCG, Information Technology and Telecom are showing weakness on BSE.
 
Hindalco, IOC, BPCL, Tata Steel and Reliance are among the gainers, whereas HDFC Bank, Wipro, Bharti Airtel and HCL Technologies and Cipla are losing sheen on NSE.
 
The INDIA VIX is up 1.37% at 12.3.

Opening Bell - Markets open in red; HDFC Bank down by 1.09%

       At 9:15 AM, the BSE Sensex opened lower by 14 points at 29633, while the Nifty50 opened lower by 14 points at the 9160 mark.
 
HCL Tech is the top Nifty gainer and HDFC Bank is the top Nifty loser in the morning hours on Friday. HCL Tech is trading higher by 1.28% at Rs 887 per share whereas HDFC Bank is trading lower by 1.09% at Rs 1450.15 per share.
 
The level of 9,185 may act as an immediate resistance for Nifty50 and if it holds above 9,185, it may scale up to levels of 9,220 and 9,280. On the flipside, supports are seen around levels of 9,125-9,135.
 
The rupee opened flat at 64.92 per USD.
 
The US stocks closed higher on Thursday after a slightly better-than-expected fourth-quarter GDP data. The Dow Jones Industrial Average finished 69 points up at 20,278. The S&P 500 index closed higher by 7 points at 2,368. The Nasdaq Composite Index climbed 17 points to close at a record 5,914.
 
Meanwhile, crude oil prices surged for a third straight session on Thursday, with crude trading above $50 a barrel on expectations that the Organisation of Petroleum Exporting Countries (OPEC) would extend production cuts beyond June. 
 
Most of the Asian markets are trading in positive territory on Friday. Japan’s Nikkei 225 rose 118 points. Hang Seng is trading lower by 136 points and Shanghai Composite has gained 5 points as China’s factory output climbed to the highest level in almost five years.

Nifty closes at 9170, Sensex up 115 points, HDFC Bank contributes nearly 80% to Bank Nifty gains

NSE Nifty closed at 9173 levels, up by 29 points or 0.3%. BSE Sensex closed at 29,647 levels, up by 115 points or 0.3%. There were 1039 advances, 566 declines and 321 unchanged stocks on NSE, reflecting bullish undertone floating in the market.
 
Adani Ports was the top Nifty gainer whereas, Idea was the top Nifty loser in Thursday’s trading session. Adani Ports closed higher by 6.23% at Rs 341 per share whereas Idea closed lower by 1.8% at Rs 87.3 per share.
 
Benchmark indices Nifty and Sensex witnessed sharp gains as the Lok Sabha cleared the Finance Bill which was introduced by Finance Minister Arun Jaitley.
 
Soon after NSE Nifty hit an intraday high of 9172 and the BSE Sensex hit an intraday high of 29,667 on Thursday’s trade.
 
The BSE Small Cap index surpassed it previous high of 14,239.24 and soared 0.83% to 14,315 during the day. The index has previously touched its high on January 8, 2008 on an intraday basis.
 
Whereas the BSE Mid Cap index hit its record high and was up by 0.49% at 14002 during the day.
 
BSE Mid-cap Index closed up 0.5% at 14001 whereas, BSE Small-cap Index closed up 0 1% at 14340 on Thursday.
 
Kalpataru Power Transmission extended its rally on Thursday on securing orders worth Rs 1200 crore closing at Rs 319 per share up by Rs 10 per share or 3.3%.
 
HDFC Bank contributed nearly 80% to the Bank Nifty gains. The stock closed at Rs 1460 up by Rs 31 or 2.2%. The Bank Nifty closed at 21620 level, up by 1% in Thursday's trading session.

Live Stock Market Updates – Nifty pare gains, Infosys drags BSE IT index down

     The BSE IT index in lunch hours in trading in red with Infosys dragging the index to its day’s lows. Infosys is down by 0.6%.

 
Meanwhile, Ramco Systems is up by 5.9%, Kellton Tech is up by 4%, ISFT is up by 3.3%, Accelya Kale is up by 3.2% and Subex is up by 3.1%
 
At 1 PM, the S&P BSE Sensex is trading at 29,571 up 39 points, while NSE Nifty is trading at 9151 up 7 points. A total of 61 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 0.4% at 13986, whereas BSE Small-cap Index is trading up 0.7% at 14304.
 
Some buying activity is seen in Realty, FMCG, Utilities, Capital Goods, Energy and Oil & Gas, while Telecom indices are showing weakness on BSE.
 
Adani Ports, Hero MotoCorp, SBIN, Kotak bank and IndusInd Bank are among the gainers, whereas Bharti Infratel, Axis Bank, Amubja Cement, Wipro and HCL techare losing on the NSE.
 
The INDIA VIX is down 0.3% at 12.

Opening Bell - Nifty opens flat; Auto stocks trade with mixed sentiments; IndusInd Bank top Nifty gainer

      At 9:15 AM, the BSE Sensex opened higher by 7 points at 29538, while the Nifty50 opened absolute flat at the 9143 mark.
 
IndusInd Bank is the top Nifty gainer and Axis Bank is the top Nifty loser. IndusInd Bank is trading higher by 0.8% at Rs 1410 per share and Axis Bank is trading lower by 1.46% at Rs 496 per share.
 
The Automobile stocks are trading with mixed sentiments. Tata Motors is trading down by 0.8% at Rs 465.3 per share. HeroMoto Corp is trading up by 0.6% at Rs 3244 per share.
 
There are 839 advances, 518 declines and 423 unchanged stocks on NSE reflecting strong positive bias floating in the market.
 
If Nifty manages to cross the hurdle of 9,175, it has the potential to extend its up move up to the level of 9,220. On the downside, immediate support stands at 9,125-9,135 and breach of this support zone may open gates for correction up to the level of 9,070.
 
The Rupee opens higher at 64.87 per US dollar against Wednesday's close of 64.90.
 
The US stocks ended Wednesday’s session mostly higher, with Nasdaq Composite registering its fourth consecutive daily gain. The S&P 500 ended the session in the green. However, bucking the trend, Dow Jones Industrial Average closed with modest losses of 42 points at 20,659.
 
Asian markets are trading subdued on Thursday. Japan’s Nikkei 225 shed 48 points, Hang Seng is trading lower by 82 points and Shanghai Composite is trading with losses of 15 points.

Live Stock Market Updates: Market trades near day’s low; JSW Steel down by 3.7%

         Nifty Metal index has extended its losses at lunch hours trading lower by 75 points at 3047 levels. JSW Steel is the top loser in the index trading lower by 3.7% at Rs 179.8 per share.
 
Other metal stocks like Jindal Steel, Tata Steel, SAIL, Hindalco and Vedanta Limited are also trading lower by up to 3%.
 
At 1 PM, the S&P BSE Sensex is trading at 29195 down 225 points, while NSE Nifty is trading at 9035 up 72 points. A total of 60 stocks registered a fresh 52-week high in trade today, while 24 stocks touched a new 52-week low on the NSE.
 
There are 618 advances, 971 declines and 340 unchanged stocks on NSE reflecting fairly negative bias floating in the market.
 
The BSE Mid-cap Index is trading down 0.3% at 13810, while BSE Small-cap Index is trading lower by 0.13% at 14059.
 
All the sectoral indices on BSE are trading in negative territory except BSE Consumer Durables index index.
 
Bank of Baroda, Bharti Infratel, IndusInd Bank, Infosys and Hindustan Unilever Limited are among the gainers, whereas Idea, Tata Steel, Hindalco, Coal India and Reliance Industries Limited are losing sheen on NSE.
 
The INDIA VIX is up 3.6% at 12.4.

Opening Bell - Markets open in red; Healthcare stocks plunge

At 9:15 AM, the BSE Sensex opened lower by 25 points at 29395, while the Nifty50 opened lower by 14 points at the 9093 mark.
 
ICICI Bank is the top Nifty gainer and Aurobindo Pharma is the top Nifty loser in the morning hours on Monday. ICICI Bank is trading higher by 0.3% at Rs 275 per share whereas Aurobindo Pharma is trading lower by 2.5% at Rs 671 per share.
 
There are 754 advances, 586 declines and 430 unchanged stocks on NSE reflecting fairly positive bias floating in the market.
 
Nifty50 needs to sustain above the level of 9,170 to continue its upward movement. If it does, it is likely to scale up to levels of 9,220-9,300. On the downside, the level of 9,060 is an immediate support for Nifty50 and the next support is placed around the level of 9,000.
 
The rupee opened at 65.28 per dollar higher by 14 paise.
 
The US stocks closed mostly lower, with major indices posting the biggest weekly losses in months, after House Republican pulled a controversial Healthcare bill from consideration as they did not have enough vote to pass the bill. The Dow Jones Industrial Average slid 60 points to 20,597. The S&P index closed 2 points lower at 2,344. The Nasdaq Composite ended with marginal gains of 11 points. 
 
Majority of Asian markets are trading in the negative terrain on Monday. Japan’s Nikkei 225 has declined about 300 points. Hang Seng is trading flat with negative bias and Shanghai Composite has gained 8 points.

Nifty closes above 9100, Sensex above 80 points, Bank of Baroda soars 3%

           NSE Nifty closed at 9105 levels, up by 21 points or 0.2%. BSE Sensex closed at 29,421 levels, up by 89 points or 0.3%.
 
There were 760 advances, 867 declines and 296 unchanged stocks on NSE, reflecting bearish undertone floating in the market.
 
Bank of Baroda was the top Nifty gainer whereas, Grasim was the top Nifty loser in Friday’s trading session.
 
While, BSE Mid-cap Index closed down by 0.03% at 13849 whereas, BSE Small-cap Index closed up 0.3 at 14077.

BSE Bankex is the top gaining index on Friday’s trade. Bank of Baroda is the top gainer in the index, the stock closed at Rs 168 per share up by Rs 6 or 3%.
 

Alankit closed at Rs 21 per share, up by Rs 3 per or 16%.
 
Wabco India closed at Rs 6023 per share, up by Rs 648 or 12%.
 
Star Ferro and Cement closed at Rs 140 per share, up by Rs 13 or 10%.
 
Welspun India closed at Rs 87 per share, up by Rs 6 per share or 8%.

Live Stock Market Updates – Nifty hovers around 9120, Sensex over 115 points, Prestige Estates gains over 2%

            Realty stocks such as, Prestige Estates Projects is up by 2.3%, Unitech is up by 2.1%, Godrej Properties is up by 1.4%, DLF is up by 1,1% and Indiabulls Real Estate is up by 0.6% in the BSE Realty index on Friday’s trade.
 
DLF alone is contributing nearly 50% to the index gains. While some stock in the index such as, Sobha is down by 2.1% and Oberoi Realty is down by 0.7%.
 
At 1 PM, the S&P BSE Sensex is trading at 29,443 up 110 points, while NSE Nifty is trading at 9,116 up 29 points. A total of 62 stocks registered a fresh 52-week high in trade today, while 26 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.3% at 13,895, whereas BSE Small-cap Index is trading up 0.6% at 14,122.
 
Some buying activity is seen in Realty, FMCG, Utilities, Capital Goods and Metal indices, while IT and Oil & Gas indices are showing weakness on BSE.
 
Bank of Baroda, ICICI Bank, State Bank of India, ITC and Axis Bank are among the gainers, whereas Tech Mahindra, ONGC, Tata Motors, Zeel and Grasim are losing on the NSE.
 
The INDIA VIX is down 0.5% at 11.7.