Sensex rallies over 300 points, Nifty50 above 7,800

The S&P BSE Sensex surged over 400 points in morning trade on Thursday tracking positive trend seen in other Asian markets, after minutes from US Federal Reserve suggested that a rate hike is possible in December.

Sensex: 25808.95, up 326 points; Nifty: 7826.20, up 94 points

Top Gainers:

BAJAJ AUTO (3.2%), HDFC(2.7%), INFOSYS (2.5%), VEDANTA (2.4%), ICICI BANKBSE 2.27 % (2.4%)

TopLosers:

DR. REDDYS LAB (3.2%), SUN PHARMA (1.7%), COAL INDIABSE -0.36 % (0.4%)

BUZZINGSTOCKS:

Dr Reddy's Labs cracked over 7 per cent in trade.

Amtek Auto surged over 8 per cent in trade.

Gati was up about 4 per cent in trade.

Shree Renuka Sugars was down over 7 per cent in trade.

Balrampur Chini slumped over 8 per cent in trade.

Reliance Power was down about 2 per cent in trade.

KEC gained about 6 per cent in trade.

Titagarh Wagons surged over 4 per cent in trade.

Eros Media was up over 4 per cent in trade.

Sensex, Nifty consolidate; oil & gas, pharma stocks rally

The market consolidats with the benchmark indices locked in a range. The Sensex is up 56.24 points at 27270.84. The Nifty is up 6.70 points at 8244.85. About 1345 shares have advanced, 817 shares declined, and 113 shares are unchanged.

Oil & gas and pharma stocks are leading while banks, capital goods, metals and autos are struggling. Reliance, Bharti, Sun Pharma, Infosys and Cipla are top gainers in the Sensex. Tata Motors, Tata Steel, ONGC, L&T and ICICI Bank are laggards.
 

Meanwhile,Reserve Bank of India Governor Raghuram Rajan called for stronger multilateral agencies that can steer global coordination in tackling economic and monetary policy issues, adding emerging markets needed to be part of that debate.
 

Raghuram Rajan also called on the International Monetary Fund to be more inclusive and not just driven by the needs of industrialised countries, while noting the agency needed to more closely examine "extreme" policies by global central banks.
 

The RBI governor also urged the need for global "safety nets," while noting one proposal could be foreign exchange swap lines mediated and backed by the IMF.

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Sensex, Nifty continue to struggle; Infosys drags 3%

The market is struggling with the Nifty holding 8100 mark. The 50-shar index is down 30.95 points or 0.4 percent at 8112.65. The Sensex is down 111.72 points or 0.4 percent at 26792.39. About 1183 shares have advanced, 889 shares declined, and 102 shares are unchanged.

Bajaj Auto, Lupin, Coal India, Wipro and BHEL are top gainers while Hindalco, Vedanta, ONGC, Tata Steel and Infosys are major losers in the Sensex.

Gold steadied near a three-month high, as investors pushed back expectations of a Federal Reserve interest rate hike to next year and on a weaker dollar. The Fed was expected to raise US rates for the first time in nearly a decade this year, but recent weak US data, concerns over Chinese growth and volatility in financial markets have prompted markets to shift rate hike views to early 2016.

The US central bank refrained from hiking rates at its last meeting in September. It holds two more policy meets in 2015: on Oct. 27-28, and then in December. Higher rates could dent demand for non-interest-paying bullion, while boosting the dollar. 

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Sensex rallies over 200 points; Nifty tests 7,900 levels

The S&P BSE Sensex was up over 200 points after gaining over 250 points in opening trade on Wednesday following positive trends seen in other Asian markets.

The 50-share Nifty index was testing its crucial resistance level of 7,900.

Among the sectoral indices, the BSE Metal index was the top gainer, up 2.15 per cent. The sentiment on the street was upbeat as seven out of ten BSE stocks traded with gains.

The BSE midcap index was up by 0.85 per cent while the BSe smallcap index was trading higher by a per cent.

HDIL gained about 3 per cent while Blue Star Info cracked by 20 per cent. Hindalco and Tata Steel were higher by 3 per cent each.

Sensex: 25969.37, up 190 points; Nifty: 7886.40, up 43 points

Top Gainers:

TATA STEEL (3.7%), BHARTI AIRTEL (3.0%), HINDALCO (2.9%), HINDUSTAN UNILEVER (2.4%), TATA MOTORS (2.1%)

Top Losers:

AXIS BANK (1.4%), SBI (1.2%0, VEDANTA (1.2%), GAIL (1.1%), TCS (0.5%)

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Sensex down 300 points; Nifty retest 7700 levels

The S&P BSE Sensex plunged over 300 points in trade on Tuesday following Asian markets, which were trading lower on renewed worries about global economic growth.The global investors are back to being cautious with worries related to China and overall growth of the global economy. In such a scenario all eyes are turned towards the Reserve Bank of India (RBI).

Most analysts on Dalal Street expect the RBI to slash policy rates by atleast 25 bps later today, but markets will will cheer if a surprise cut of 50 bps is announced by the RBI, say experts.
The 50-share Nifty index was also trading around its crucial psychological level of 7700, weighed down by losses in Pharma, auto, banks, and metal stocks.

Sensex: 25372.76, down 244 points; Nifty: 7718.35, down 77 points

Top Gainers

BHEL (0.7%), COAL INDIA (0.6%), INFOSYSBSE 0.35 % (0.3%), L&T (0.1%)

Top Losers:

VEDANTA (4.1%), ICICI BANKBSE -1.36 % (3.0%), AXIS BANKBSE -1.37 % (2.9%), BHARTI AIRTELBSE -2.41 % (2.5%), TATA STEEL (2.3%)

Sensex up 500pts, Nifty hits 8050; Bank Nifty at 1-mth high

Equity benchmarks gained more strength in noon trade, majorly led by banking & financials. The Sensex rallied 507.37 points or 1.95 percent to 26471.34 and the Nifty climbed 155.15 points or 1.96 percent to 8054.30.

The BSE Midcap and Smallcap indices gained 1.9 percent and 1.6 percent, respectively. About 1709 shares have advanced against 553 shares declined on the Bombay Stock Exchange.

Axis Bank (5 percent), ICICI Bank (4.1 percent), SBI (3.7 percent) and M&M (3.6 percent) are the top gainers in Nifty. Among the losers are Tata Motors (-1.9 percent), HUL (-0.9 percent), Bharti Airtel (-0.7 percent) and GAIL (-0.6 percent).

Bank Nifty topped the buying list among sectoral indices, up 3.7 percent to 17,588.50, the one-month high. All banks gained between 2 percent and 5 percent.

CRISIL (8 percent), IRB Infra (7 percent), Union Bank (6 percent), IDBI Bank (5 percent) and DLF (5 percent) were the big winners in the midcap space. Other notable gainers included Karnataka Bank (4 percent), Canara Bank (5 percent), GMR Infra (5 percent), Oriental Bank (5 percent) and Amara Raja Batteries (5 percent).

The rupee gained past 66 a dollar. It was quoting at 65.94 to the dollar, up 52 paise over its previous close.

Among key Asian markets Singapore’s Straits Times was up 10 points at 2906, Hong Kong’s Hang Seng was up 59 points at 21914, and China’s Shanghai was up 1 points at 3087. Japan’s Nikkei 225 closed at 18070, down 362 points or 2.0 percent over its previous close, Korea’s KOSPI closed at 1995, up 19 points or 1.0 percent , and Taiwan’s Taiwan Index closed at 8462, up 16 points 

 

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Sensex, Nifty, Midcap under pressure; bank, oil stocks drag

The Indian equity market is down in early trade on the back of a weak handover from US and China. Both the indices are down 1 percent but this is just the market getting hyper, says Samir Arora of Helios Capital.

The market remained under pressure in morning trade with the Sensex falling 370.51 points or 1.44 percent to 25349.07, dragged by banking & financials, auto, oil, capital goods and FMCG stocks. The Nifty continued to hover around 7700, down 118.45 points or 1.51 percent to 7700.15.

The broader markets, too, plunged 1.5 percent as about 1370 shares have declined against 355 shares advanced on the Bombay Stock Exchange.

At the moment, 7500 looks like the Nifty bottom, though one does not know how market will behave in the face of volatility, says market expert Ambareesh Baliga.

At the same time if one sees to 15 percent gains during a bounce, one must book out, says Baliga. "Then sit on cash until there is a crack again." He expects the bull run to be steady after 2-3 months depending on Fed statement.

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Sensex skids over 300 pts, Nifty below 8000; IT stocks up

The market skid further as the Sensex is down 303.87 points or 1.2 percent at 25979.22 and the Nifty slips 97.55 points or 1.2 percent at 7873.75. About 641 shares have advanced, 1576 shares declined, and 84 shares are unchanged.

Axis Bank, HDFC, Bharti Airtel, Hindalco and SBI are among major laggards in the Sensex. Among the gainers are TCS, Infosys, Sun Pharma, NTPC and ONGC.

Auto sales: Maruti Suzuki, the country's largest car maker, has sold 1,17,864 vehicles in August, a growth of 6.4 percent over a year-ago period driven by Ciaz, S-Cross and Alto Automatic but impacted by big fall in compact car sales and lower exports. Overall sales growth was much lower than expected as Nomura estimated 9.2 percent growth year-on-year at 1.21 lakh units. Domestic sales in August grew by 8.6 percent to 1.06 lakh units whereas export declined 11.1 percent to 11,083 units compared to same month last year.

The market continues to be under pressure mostly dragged by banks. The Sensex is down 189.30 points or 0.7 percent at 26093.79 and the Nifty slips 59.30 points or 0.7 percent at 7912. About 666 shares have advanced, 1427 shares declined, and 67 shares are unchanged.

HDFC, Lupin, Axis Bank, Bharti Airtel and Hindalco are among major laggards while IT stocks are up on rising rupee. Sun Pharma, Infosys, TCS, ONGC and NTPC are top gainers in the Sensex.

Oil prices fell 3 percent in Asian trade, with investors covering short positions and taking profits after Brent and US crude soared more than 8 percent in the previous session. Both Brent and US crude prices dropped nearly USD 2 a barrel shortly after trading in Brent started on Tuesday before recovering later in the session.

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Sensex is down 10.32 points at 27821.22 and the Nifty is up

It is a quite start to trade as global markets see sharp cuts. The Sensex is down 10.32 points at 27821.22 and the Nifty is up 0.75 points at 8467.30. About 359 shares have advanced, 207 shares declined, and 34 shares are unchanged. ONGC, Hero, SBI, Tata Steel and Coal India are major laggards while Dr Reddy's Labs, Cipla, Wipro, Infosys and Sun Pharma are top gainers in the Sensex. The Indian rupee has touched a fresh two-year low in early trade. It has opened lower by 10 paise at 65.40 per dollar against Monday's closing value of 65.32 a dollar. The currency market was shut on Tuesday. Ashutosh Raina of HDFC Bank said, "The impact of the Chinese Yuan depreciation is still being felt across global markets. The USD-INR currency pair has been no exception with the pair finally breaching the psychological 65/dollar figure tracking other Asian peers." The dollar rose, getting a lift from data showing US housing starts neared an eight-year peak, which raised expectations that the Fed will raise interest rates as soon as next month. China stocks continued their sell-off following a whopping 6 percent plunge in the previous session, underscoring that it won't be an easy return to good times for the country's equity market. The market plunge yesterday was attributed to traders cutting back on expectations of more stimulus for the economy - on the back of better housing market data – and support for the stock market – after the China Securities Finance Corporation said it would not intervene further in the market unless there was unusual volatility and systemic risk. Tumble in Chinese shares and weak earnings from Walmart pressured US stocks and copper prices saw six year lows. Investors will look to US inflation data and minutes of last month's Federal Reserve monetary policy meeting on Wednesday, as they seek for further clues as to when the Fed will begin raising interest rates. Oil prices fell again after a brief rise in the previous session, as the United States enters the lower demand autumn season and Asia's leading economies slow down. 

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Nifty struggles below 8500; Midcap, Smallcap outperform

Oil prices resumed their decline in Asia as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery fell 63 cents to USD 41.87 a barrel in late-morning trade, the lowest since March 2009. Brent crude for October, a new contract, was down 65 cents to USD 48.54. WTI and Brent's September contract rose in New York on Friday after closing at their lowest level in six and a half years in the prior session. But oil came under renewed pressure in Asia after the latest data showing the number of rigs drilling for US oil increased last week, the sixth rise in seven weeks, analysts said. The news added to fears of a prolonged global surplus as output from the Organization of the Petroleum Exporting Countries and the US remains robust despite the tumbling prices. 10:00 am Market Check The market remained under pressure in morning trade, dragged by profit booking in private banking & financials, technology and oil stocks. The rupee, too, see selling pressure, down 21 paise ot 65.21 a dollar. The Sensex fell 247.64 points or 0.88 percent to 27819.67 and the Nifty declined 62.60 points or 0.73 percent to 8455.95. However, the broader markets outperformed benchmarks, trading flat. Cipla topped the selling list, falling 4 percent on fears that Esomeprazole sales may slow down from Q2FY16 onwards. However, its Q1 numbers were strong, led by Esomeprazole sales. Shares of HDFC declined 1.7 percent. The housing finance company said it would sell 17.95 crore of HDFC Life to Standard Life at Rs 95/share (9 percent equity). Post stake sale in HDFC Life, company’s holding in HDFC Life will be 61.65 percent and Standard Life will hold 35 percent in HDFC Life. Infosys, Reliance Industries, ONGC, Tata Motors and Axis Bank dropped 1-3 percent while PSU banks continued to see buying interest after the government launche revamp plan 'Indradhanush' for PSU banks.

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Nifty index opened up at 8643.95 with +10.45 points

India Indices- On Thursday market day Nifty index opened up at 8643.95 with +10.45 points from the previous day closing at 8633.50 and closed negative at 8589.80. From the opening we saw continuous selling in Nifty Index, Nifty Index opened with day high of 8654.75 and slipped down near closing of the market Nifty Index traded with day low of 8573.80 and closed negative at 8589.80 with -0.51%, -43.70 points down. And the full day Nifty Index traded between 8654.75-8573.80. At the end of the day Nifty futures Loosed -0.51%, -43.90 points down to close at -8604.50 from the previous day closing at 8648.40 with premium of +14.70 points and percent change in open interest of -1.35%.

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Nifty futures opened down at 8025.30 with -5.30 point

Nifty futures tips : Nifty futures opened down at 8025.30 with -5.30 point from the previous day closing at 8030.60. From the opening we saw continuous buying in Nifty, Nifty opened with day low of 8023.80, near closing of the market Nifty traded with day high of 8152.55 and closed positive at 8124.45 with +1.27%, +102.05 points up. And the full day Nifty Index traded between 8152.25-8023.80. At the end of the day Nifty futures Gained +1.11%, +89.25 points up to close at +8119.85 from the previous day closing at 8030.60 with discount of 4.60 points and percent change in open interest of +1.32%.

Nifty futures opened down at 8024.70 with -19.50 point

Nifty Future tips : Nifty futures opened down at 8024.70 with -19.50 point from the previous day closing at 8044.20. From the opening we saw normal buying in Nifty, near 1.30O’clock Nifty traded with day high of 8064.00, but till closing Nifty slipped down and closed negative at 8042.05 with -0.17%, -13.60 points down, with day low of 8001.10. And the full day Nifty Index traded between 8064.00-8001.10. At the end of the day Nifty futures Loosed -0.17%, -13.60 points down to close at -8030.60 from the previous day closing at 8044.20 with premium of 8.20 points and percent change in open interest of +0.81%.

Nifty futures opened down at 8113.00 with -1.25 point

Nifty Future tips : Nifty futures opened down at 8113.00 with -1.25 point from the previous day closing at 8114.25 from the opening we saw continuous selling in Nifty, Nifty opened with day high of 8127.75 and slipped down near closing Nifty traded with day low of 8031.35 and closed negative at 8042.05 with -0.89%, -72.20 points down. And the full day Nifty Index traded between 8127.75-8031.35. At the end of the day Nifty futures Loosed -0.89%, -72.20 points down to close at -8042.05 from the previous day closing at 8114.25 with discount of -2.10 points and percent change in open interest of +5.73%.

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Nifty futures opened down at 8113.90 with -27.70 point

Nifty futures tips : Nifty futures opened down at 8113.90 with -27.70 point from the previous day closing at 8141.60. At the opening we saw buying in Nifty Futures and near 12 O’clock Nifty made a day high of 8200.00 till closing Nifty recovered but closed negative at 8114.25 with -0.34%, -27.35 points down. And the full day Nifty Index traded between 8200.00-8101.60. At the end of the day Nifty futures Loosed -0.34%, -27.35 points down to close at -8114.25 from the previous day closing at 8141.60 with discount of -0.45 points and percent change in open interest of +0.48%.

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Nifty futures opened down at 8204.70 with -20.65

Nifty futures tips : Nifty futures opened down at 8204.70 with -20.65 point from the previous day closing at 8225.35. Nifty Futures opened with day high of 8222.00 and slipped down with continuous selling and closed negative at 8136.35 with -1.08%, -89.00 points down with day low of 8136.35. And the full day Nifty Index traded between 8222.00-8098.70. At the end of the day Nifty futures Loosed -1.08%, -89.00 points down to close at -8136.35 from the previous day closing at 8225.35 with premium of +1.25 points and percent change in open interest of -0.53%.

Nifty futures opened up at 8436.00 with +4.35 point

Nifty futures tips : Nifty futures opened up at 8436.00 with +4.35 point from the previous day closing at 8431.65. Nifty Futures opened up and slipped down with continuous selling and closed negative at 8220.00 with -2.51%, -211.65 points down with day low of 8210.95. And the full day Nifty Index traded between 8438.90-8210.95. At the end of the day Nifty futures Loosed -2.51%, -211.65 points down to close at -8220.00 from the previous day closing at 8431.65 with discount of 16.45 points and percent change in open interest of +3.61%.

Nifty futures opened up at 8324.00 with +5.45 point

Nifty futures tips : Nifty futures opened up at 8324.00 with +5.45 point from the previous day closing at 8318.55 Nifty Futures opened with up with day low of 8308.55 and moved up with continuous buying near closing of the market Nifty Futures traded with day high of 8472.0 and closed positive at 8465.60 with +1.77%, +147.05 points up. And the full day Nifty Index traded between 8472.00-8308.50. At the end of the day Nifty futures Gained +1.77%, +147.05 points up to close at +8465.00 from the previous day closing at 8318.55 with premium of 31.95 points and percent change in open interest of +33.46%.

Bank Nifty –Bank Nifty Index opened up at 18486.40 with +23.90 points from the previous day closing at 18449.20 and closed positive at 18721.35. From the opening we saw continuous buying in Bank Nifty Index, Bank Index opened with day low 18461.45 and moved up with continuous buying near closing of the market Index traded with day high of 18751.20 and closed positive at 18721.35 with +1.48%, +272.15 points up. At the end of the market day Bank Nifty futures Gained +1.51%, +278.75 points up to close at +18770.00 from the previous day closing at 18491.25 with premium of +48.65 points and percent change in open interest of +12.16%.

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Nifty futures opened up at 8348.00 with +16.25 point

Nifty futures tips :  Nifty futures opened up at 8348.00 with +16.25 point from the previous day closing at 8331.75. Nifty Futures opened with down with day high of 8365.50 and slipped down with continuous selling near 12.45 O’clock Nifty Futures traded with day low of 8360.10 and closed negative at 8319.50 with -0.15%, -12.25 points down. And the full day Nifty Index traded between 8365.50-8260.10. At the end of the day Nifty futures Loosed -0.15%, -12.25 points down to close at -8319.50 from the previous day closing at 8331.75 with premium of 0.50 points and percent change in open interest of -9.86%.

Bank Nifty –Bank Nifty Index opened up at 18562.75 with +23.90 points from the previous day closing at 18538.85 and closed negative at 18449.20. From the opening we saw continuous selling in Bank Nifty Index, Bank Index opened with day high 18639.65 and slipped down with continuous selling 1.50 O’clock Index traded with day low of 18381.75 and closed negative at 18449.20 with -0.48%, -89.65 points down. At the end of the market day Bank Nifty futures Loosed -0.32%, -59.85 points down to close at -18453.75 from the previous day closing at 18513.60 with premium of +4.55 points and percent change in open interest of -8.21%.

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Nifty futures opened down at 8294.00 with -43.90 point

Nifty futures tips : Nifty futures opened down at 8294.00 with -43.90 point from the previous day closing at 8337.90. Nifty Futures opened with down with day low of 8272.40 and moved up with continuous buying near closing of the market Nifty Futures traded with day high of 8344.95 and closed positive at 8339.05 with +0.01%, +1.15 points up. And the full day Nifty Index traded between 8344.95-8272.40. At the end of the day Nifty futures Gained +0.01%, +1.15 points up to close at +8339.05 from the previous day closing at 8337.90 with premium of 4.45 points and percent change in open interest of +4.45%.

Bank Nifty Index opened down at 18299.65 with -29.65 points from the previous day closing at 18329.30 and closed positive at 18538.85. From the opening we saw continuous buying in Bank Nifty Index, Bank Index opened with day low of 18236.25 and moved up with continuous buying near closing Bank Index traded with day high of 18561.50 and closed positive at 18538.85 with +1.14%, +209.55 points up. At the end of the market day Bank Nifty futures Gained +1.32%, +240.80 points up to close at +18528.95 from the previous day closing at 18288.15 with discount of 9.90 points and percent change in open interest of +10.25%.

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