Live Stock Market Updates – Nifty trades flat, Sensex up nearly 15 points

Banking stocks are trading weak on Monday. IndusInd Bank is down by 0.6%, HDFC Bank is down by 0.4%, Federal Bank is down by 0.3%, SBIN is down by 0.3%, PNB is down by 0.2% and Yes Bank is down by 0.05%.
 
Meanwhile, Kotak Bank is up by 0.8%, ICICI Bank is up by 0.5% and Bank of Baroda is up by 0.4%.
 
ICICI Bank is the major contributor to the BSE Bankex gains on Monday’s trade.
 
At 11 AM, the S&P BSE Sensex is trading at 29,474 up 13 points, while NSE Nifty is trading flat at 9150. A total of 67 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 down 0.2% at 14390, while BSE Small-cap Index is trading down 0.3% at 14932.
 
Some buying activity is seen in Energy, Finance, Utilities and Oil & Gas, while Power, Bankex and Auto and Telecom indices are showing weakness on BSE.
 
Dr Reddy’s Lab, IOC, HDFC and Adani Ports are among the gainers, whereas Infratel, Sun Pharma, Hindalco, Ambuja Cement and Asian Paints are losing on the NSE.
 
The INDIA VIX is up 3.5% at 11.

Weak trade on D-Street, Infosys tanks on poor Q4 results

 Benchmark indices NSE Nifty closed at 9150 levels, down by 52 points or 0.5%, whereas the BSE Sensex closed at 29,461 levels, down by 182 points or 0.6%. 
 
While, BSE Mid-cap Index closed up 0.03% at 14350 whereas and the BSE Small-cap Index closed up 0.1% at 14881.
 
There were 787 advances, 856 declines and 308 unchanged stocks on NSE, reflecting fairly bearish undertone floating in the market.
 
IOC was the top Nifty gainer whereas, Hindalco was the top Nifty loser in Thursday’s trading session closing at Rs 422 per share up by 3% and Rs 183 per share down by 5% respectively.
 
All eyes were on the Infosys stock since the company came up with its financial results for the quarter ended on March 31, 2017.
 
Infosys reported standalone results for the quarter, registered a miss versus street estimates. Revenue for the quarter came in 13.4 % lower than the estimated figure of Rs. 17235 crores. Also, net profit for the quarter came in 0.2 % lower than the estimated figure of Rs. 3570 crores.
 
The stock was reeling under pressure throughout the day. The stock closed at Rs 933 per share down by 3.6%.
 
The BSE Metal index was the top losing index on Thursday’s trading session with Vedanta Limited contributing nearly 70% to the index down fall.
 
Vedanta Limited closed at Rs 244 per share down by Rs 14 per share or 5.4%.

Opening Bell – Nifty opens flat with slightly negative bias; Infosys top Nifty gainer

At 9:15 AM, the BSE Sensex opened lower by six points at 29637, while the Nifty50 opened lower by one points at the 9202 mark.
 
Infosys is the top Nifty gainer and Tata Power is the top Nifty loser in the morning hours on Thursday. Infosys is trading higher by 1.5% at Rs 983.9 per share whereas Tata Power is trading lower by 1.23% at Rs 84.5 per share.
 
There are 812 advances, 597 declines and 488 unchanged stocks on NSE reflecting fairly positive bias floating in the market.
 
For Nifty index, the levels of 9,245 and 9,280 may prove as a short-term resistance levels, whereas the level of 9,150 is likely to act as a short term support.
 
The rupee opened at 64.44 per dollar up by 24 paise.
 
The US stocks fell for a second day in a row on Wednesday as lingering geopolitical concerns weighed on investor’s sentiment. The Dow Jones Industrial Average shed 59 points to end at 20,592. The Nasdaq Composite Index slipped 30 points and S&P 500 dropped 9 points. 
 
Asian markets declined on Thursday. Japan’s Nikkei 225 declined for a third session after the yen rose to the strongest in almost five months. Hong Kong’s Hang Seng has slipped 102 points and China’s Shanghai Composite has shed 4 points in morning trade.

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.