Live Stock Market Updates: Market extends morning gain; Nifty chases 10100

Nifty Realty index is the top gainer among sectoral indices in the morning hour. Indiabulls Real Estate is the top gainer in realty segment trading at around Rs 239.05 per share, up by Rs 14.75 per share or 6.58%.
 
Prestige Developers and HDIL are also trading in positive territory, up by over 1%. Other realty stocks like Phoenix, DLF, Oberoi Realty and Sobha Developers are also trading in the green zone.
 
There were 1125 advances, 739 declines and 94 unchanged stocks on BSE reflecting strong positive sentiments floating in the market.
 
At 10 AM, the S&P BSE Sensex is trading at 32597 up 214 points, while NSE Nifty is trading at 10091 up 70 points. A total of 53 stocks registered a fresh 52-week high in trade today, while 12 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.46% at 15409, while BSE Small-cap Index is trading up 0.33% at 16151.
 
Some buying activity is seen in Capital Goods, Metal, Auto, while Healthcare, Telecom and Consumer Durables are showing weakness on BSE.
 
Yes Bank, HCL Technologies, HDFC, Eicher Motors and IndusInd Bank are among the gainers, whereas Bharti Airtel, Sun Pharma, Cipla, Hindalco and Tata Steel are losing sheen on NSE in the first trading hour.
 

Live Stock Market Updates: Nifty trades almost flat

Nifty is trading almost flat after touching record high level at the opening bell. Immediate support level for the index may be placed at 9900 level. Nifty FMCG index is one of the losers among sectoral indices on NSE. FMCG heavyweight, ITC Limited was trading at Rs 292.1 per share, down by 0.39%.
 
Other FMCG stocks viz. United Spirits, United Breweries, Marico, GSK, Jubilant Foods and Hindustan Unilever were also trading in negative territory down by over 0.4%.
 
There were 712 advances, 848 declines and 396 unchanged stocks on NSE reflecting mixed sentiments floating in the market.
 
At 11 AM, the S&P BSE Sensex is trading at 32289 up 43 points, while Nifty is trading at 9973 up 6 points. A total of 47 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.36% at 15280, while BSE Small-cap Index is trading up 0.1% at 16052.
 
Some buying activity is seen in Banks, Telecom and Metal while Oil & Gas, Energy and Healthcare are showing weakness on BSE.
 
Bharti Infratel, Indiabulls Housing Finance, Vedanta, Hero MotoCorp, NTPC are among the gainers, whereas Zee Entertainment, HCL Technologies, Tech Mahindra, Eicher Motors and Tata Motors are losing sheen on NSE.
 

Upward rally to start if Nifty 9,650 breaches

As per the market observers, Nifty has formed an ‘inside bar’ on the daily technical charts. It can continue to trade in the narrow range unless any decisive move takes index outside the range of 9,590-9,650 range.

Nifty closed at 9,637 level up by 24 points and Sensex closed at 31,245 level up by 35 points on Wednesday. The Nifty50 index traded in a narrow range with an intraday low of 9,607 level and intraday high of 9,643 level. However, it ended at a 2-week closing high.

 
Nifty could not cross the immediate resistance level of 9650. As per the market observers, Nifty has formed an ‘inside bar’ on the daily technical charts. It can continue to trade in the narrow range unless any decisive move takes index outside the range of 9,590-9,650 range.
 
Nifty’s 5-day exponential moving average (EMA) and 13-day EMA stood at 9,596 and 9,586 level, respectively. The Nifty50 index now, going forward, may find resistance near levels of 9,650-9,660, and if it sustains above this resistance zone, it may scale up to levels of 9,700-9,710. On the lower end, the level of 9,580 may act as an immediate support level for Nifty50, but if the index fails to hold this support level, it may witness further correction up to levels of 9,550 and 9,530.

Markets may dither on heightened geopolitical concerns

Indian equity markets are likely to open on a soft note on Wednesday, tracking muted cues from SGX Nifty, which was unchanged at 9,625 amid lacklustre trading across Asian markets.
 
The Nifty50 index saw a strong supply around levels of 9,640-9,650 in the previous session and, hence, the zone of 9,640-9,650 may continue to act as a strong resistance zone. On the flip-side, the level of 9,580 may act as an immediate support level for Nifty50, but if the index fails to hold this support level, it may witness further correction up to the levels of 9,550 and 9,530.
 
Back home, Indian markets, after starting the session with moderate gains, pared most of the gains and oscillated within a restricted range for most part of the session. However, in the late hour of trading, some selling was witnessed and markets ended on a flat note with negative bias on Tuesday.
 
American stock exchanges were closed on Tuesday on account of Independence Day holiday.
 
Asian bourses were under pressure in early trade amid heightened geopolitical concerns on Wednesday. Japan’s Nikkei 225 has plunged 121 points; Hong Kong's Hang Seng has slipped 38 points, while China’s Shanghai Composite is trading flat with negative bias.

Investors can trade in CDSL from today

Central Depository Services (CDSL) is to hit the Indian exchanges today. The stock is the first depository to get listed on bourses in the country. The stock's grey market premium is around Rs 90-100 per share, indicating a listing of around Rs 225-250 per share, reported a leading news agency. The issue price for the IPO stood at Rs 149 per share.
 
What can be called as the most popular initial public offering (IPO) of 2017, the BSE promoted CDSL IPO was oversubscribed by 170.16 times. This made it the most subscribed IPO issue of 2017 in the Indian capital markets.
 
The qualified institutional buyers (QIBs) bid 148.71 times, retail individual investors bid 23.83 times and employees segment have received bids for 1.46 times for the Central Depository Services Limited (CDSL) IPO. The demand for the IPO was led by the non-institutional investors, who bid 563.03 times.
 
The objectives of the issue include achieving the benefits of listing the equity shares on NSE and to enhance its visibility and brand image and provide liquidity to its existing shareholders.

Opening Bell – Nifty, Sensex open slightly lower ahead of GST rollout

At 9:15 AM, the BSE Sensex opened higher by 33 points at 30824, while the Nifty50 opened lower by 26 points at 9478 mark.

Bank of Baroda is the top Nifty gainer and Tech Mahindra is the top Nifty loser in the morning hours. 
 
There are 499 advances, 914 declines and 494 unchanged stocks on NSE reflecting a negative bias floating in the market.
 
Now, going forward, Nifty50 has immediate support placed around 9,450, and if it holds below 9,450 it may trigger fresh selling towards the levels of 9,420 and then 9,400, while, on the upside, resistances are seen in the zone of 9,550-9,560.
 
The rupee opened at 64.72 per US dollar depreciated by 9 paise. On Thursday, the rupee closed at a one month low of 64.63 against the US dollar after local equity markets erased all the gains and ended little change ahead of the rollout of good and services tax from 1 July.
 
The US stocks plunged on Thursday, with the S&P 500 and Dow Industrial registering their worst one-day declines since May as the technology sector continued its sell-off. The Dow Jones Industrial Average fell 168 points to 21,287. The S&P 500 index slipped 21 point to 2,420. The Nasdaq Composite Index tumbled 90 points to 6,144.
 
Asian stocks fell in early trade on Friday, following a sell-off in the US market. Japan’s Nikkei 225 has slipped 239 points; Hong Kong’s Hang Seng has lost 286 points, while China’s Shanghai Composite has shed 8 points.

Live Stock Market Updates – Market near day’s high, Nifty struggles below 9600

The BSE Oil & Gas is one of the top gaining indices on Friday. It is up by 1.1% at 13343. ONGC is majorly contributing to the index gains and pulling it to higher level.
 
ONGC is trading higher by 1.5% at Rs 160 per share.
 
Other stocks in the index viz. Indraprastha Gas is up 2.3% at Rs 1061 per share, Bharat Petroleum Corporation is up 1.9% at Rs 628 per share, GAIL is up 1.4% at Rs 361 per share, Hindustan Petroleum Corporation is up 1.0% at Rs 517 per share, Indian Oil Corporation is up 0.8% at Rs 391 per share and Petronet LNG is also up 0.6% at Rs 435 per share.
 
Eris Lifesciences made premium debut on the NSE clocking gains of 1.32% at Rs 611 per share as compared to its issue price of Rs 603 per share. It concluded its initial public offer (IPO) last week and was subscribed 3.29 times in its three-day bidding from June 16-20.
 
The portion set aside for retail investors was oversubscribed 3.51 times and qualified institutional buyers was oversubscribed 4.68 times. The portion reserved for non-institutional investors was subscribed only 45%.
 
SEBI has proposed an expansion of eligible jurisdictions for grant of FPI registration to category I foreign portfolio investors (FPIs) by including countries that have diplomatic tie-ups with India and are FEMA compliant. Besides, the regulator has suggested for rationalising ‘fit and proper’ criteria for FPIs as well as simplifying broad-based requirements for such investors.

Opening Bell – Nifty reconquers 9500, Broader markets outperform benchmarks

At 9:15 AM, the BSE Sensex opened higher by 76 points at 30910, while the Nifty50 opened higher by 31 points at 9522 mark.

Axis Bank is the top Nifty gainer and NTPC is the top Nifty loser in the morning hours. 
 
There are 963 advances, 369 declines and 471 unchanged stocks on NSE reflecting a positive bias floating in the market.
 
Nifty50 index has immediate support placed in the range of 9,450, and if it holds below 9,450, it may trigger fresh selling towards 9,420 and then 9,400 level, while on the upside, resistances are seen at the level of 9,550.
 
The rupee opened at 64.46 per US dollar appreciated by 9 paise. On Wednesday, the rupee weakened further to close with a marginal loss of 2 paise at 64.55 against the American currency in limited trade on the back of stray dollar demand from importers.
 
The US stocks showed a strong move to the upside on Wednesday. The Dow climbed 144 points to 21,455. The Nasdaq advanced 88 points to finish at 6,234 and the S&P 500 jumped 21 points to 2,441.
 
Asian stocks edge higher in early trade on Thursday, following a rebound in the US markets. Japan’s Nikkei 225 has surged 104 points; Hong Kong’s Hang Seng has gained 175 points, while China’s Shanghai Composite has gained 4 points.

Live Stock Market Updates –Nifty reclaims 9550, Markets imbibe bullish mood

The BSE Telecom is the top gaining index in the morning session on Thursday. It is up by 1.3% at 1316.32. Bharti Airtel is contributing majorly to the index gains and pulling it to higher levels.
 
Bharti Airtel  is trading higher by 1.4% at Rs 382.85 per share.
 
Other stocks in the index viz. Reliance Communications is up by 3.1 % at Rs 21.50 per share, ITI is up by 3.3% at Rs 21.45 per share, Aksh Optifibre is up by 2.6% at Rs 17.45 per share, GTL Infrastructure is up by 2.5% at Rs 4.87 per share, OnMobile Global is up by 1.6% at Rs 69.35 per share and Vidhya Telelinks is also trading higher by 2.0% at Rs 768.00 per share.
 
Eris Lifesciences settles at Rs 611 per share in pre-open on NSE as against issue price of Rs 603 per share on its debut.
 
Godrej Industries Ltd proposes to sell shares of its group company Godrej Agrovet to raise up to Rs 400 crore through the initial public offer (IPO). Godrej Agrovet is involved in agri-inputs, animal feeds, dairy and poultry and palm oil manufacturing.
 
At 10 AM, the S&P BSE Sensex is trading at 31,064 up 223 points, while NSE Nifty is trading at 9561up 70 points. A total of 20 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 0.85% at 14,626, while BSE Small-cap Index is trading up 1.26% at 15,352.
 
Sectoral indices in BSE are trading in positive sentiments on Thursday’s intraday trade, wherein Metal, Capital goods and Bankex are the major gainers on Thursday’s trade.  
 
Axis Bank, ACC & Tata Steel are among the gainers whereas Sun Pharmaceuticals Industries, NTPC & Wipro are losing on the NSE.
 
The INDIA VIX is down 4.6% at 11.4.

Opening Bell – Nifty oscillates around 9500, Sensex opens higher by 30 points

At 9:15 am the BSE Sensex opened at 30,988 up by 30 points, while the Nifty50 opened up by 9 points at 9,520 mark.
 
Kotak Mahindra Bank is the top Nifty gainer and Asian Paints is the top Nifty loser in the morning hours. Kotak Mahindra Bank is trading at Rs 981.85 per share up by 0.73% whereas Asian Paints is trading at Rs 1,115.05 per share, down by 1.68%.
 
There are 508 advances, 885 declines and 495 unchanged stocks on NSE reflecting some negative bias floating in the market.
 
The rupee opened at 64.55 per US dollar lower by 2 paise on Wednesday. The Indian rupee closed at 64.53 a dollar, down 0.03% from its Friday’s close of 64.52, on Tuesday, erasing all the morning gains and closed little changed against the US dollar after local equity markets fell nearly 180 points.
  
Nifty50 index has immediate support placed in the range of 9,450, and if it slips below this support zone, the next support is likely to come around the level of 9,400, while on the upside, resistances are seen in the zone of 9,550.
 
The US stocks closed lower on Tuesday. The tech-heavy Nasdaq Composite witnessed a steep drop, tumbling 101 points to finish at 6,147. The Dow Jones Industrial Average fell 99 points to 21,311 and the S&P 500 slid 20 points to 2,419. The weakness on Wall Street came following the International Monetary Fund cutting its outlook for the world’s largest economy.
 
Asian stocks are trading in the negative territory in early trade on Wednesday. Japan’s Nikkei 225 has lost 43 points; Hong Kong’s Hang Seng has slipped 194 points, while China’s Shanghai Composite has shed 10 points.