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, Nifty sluggish post Infosys nos; IT index down

The market is completely flat after the initial euphoria on Infosys results. The Sensex is up 5.53 points at 27085.04 and the Nifty is up 4 points or 0.05 percent at 8193.70. About 1259 shares have advanced, 909 shares declined, and 90 shares are unchanged.
 

Vedanta, Hindalco, Tata Motors, Tata Steel and BHEL are top gainers while Infosys, Cipla, HDFC, Wipro and Lupin are major laggards in the Sensex. IT index is down 1 percent from previous close.

The market is still flat with all focus on Infosys' Q2 results. The Sensex is up 37.11 points at 27116.62 and the Nifty is up 11.20 points at 8200.90. About 1008 shares have advanced, 705 shares declined, and 66 shares are unchanged.


Infosys touched record high at Rs 1219 intraday after September quarter results but soon cooled off. The stock is down 3 percent. Infosys' Q2 profit increased 12 percent to Rs 3,398 crore from Rs 3030 crore on sequential basis. CFO Rajiv Bansal has resigned.
 

Other losers are Cipla, HUL, HDFC and Maruti. Vedanta is up 7 percent while Tata Steel, Hindalco, ONGC and Tata Motors are top gainers.






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Nifty struggles to hit 7850 ahead of expiry; Infosys up

The market is in red on September expiry day with midcaps eeking out a marginal outperformance. The Sensex is down 85.50 points or 0.3 percent at 25737.49 and the Nifty slips 16.55 points or 0.2 percent at 7829.40. About 1279 shares have advanced, 779 shares declined, and 81 shares are unchanged.

Lupin, Infosys, Maruti, Cipla and Bajaj Auto are top gainers while ONGC, Coal India, Tata Steel, L&T and Vedanta are major losers in the Sensex.

Manoj Murlidharan of Religare Securities expects the Nifty to hover near 7886 level at the expiry. He has the stop loss for Nifty at 7764 level. For Bank Nifty, Murlidharan’s call option is 17300 with a sell call at 17500 level.

Asian shares traded mixed, with Japan's Nikkei 225 index lagging behind its regional peers after returning from a three-day national holiday earlier in the week.

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Live Market Updates: Sensex, Nifty slip 1.7%; Bank And OIL.

Cipla and Lupin are only the two Sensex gainers. Tata Steel, Tata Motors, Vedanta, Hindalco and ICICI Bank are major laggards in the Sensex.

The market sees a bit of recovery. The Sensex is down 429.33 points or 1.7 percent at 25335.45 and the Nifty slips 136.60 points or 1.7 percent at 7686.40. About 323 shares have advanced, 1855 shares declined, and 71 shares are unchanged.

Continous heavy selling keep the market wobbly on Friday. The Sensex is down 516.71 points or 2 percent at 25248.07 and the Nifty is down 163.60 points or 2 percent at 7659.40. About 293 shares have advanced, 1809 shares declined, and 56 shares are unchanged.

Cipla and Lupin are only the two Sensex gainers. Tata Steel, Tata Motors, Vedanta, Hindalco and ICICI Bank are major laggards in the Sensex.

Oil prices edged lower in cautious Asian trade today as investors await the release of a US jobs report for August that could determine the Federal Reserve's timetable for hiking interest rates. A rate hike would likely strengthen the greenback, making dollar-priced oil more expensive to holders of weaker currencies, hurting demand and prices. However, Ang said crude retained some support after the European Central Bank (ECB) on Thursday indicated more stimulus could be on its way for the eurozone.

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Sensex, BankNifty, Midcap fall over 3%; Tata Motors down 6%

Shares of Astra Microwave Products gained 1 percent on the back of formation of joint venture (JVC) with Rafael Advanced Defence Systems, Israeli. The company has signed a term sheet for joint production and supply of Tactical Radio Communication systems, Electronic war-fare systems and Signal intelligence systems.

The JVC will operate from Hyderabad and is expected to start business development activities in the first half of 2016. About USD 20 million is expected to be invested in the first two years in the JVC, as per BSE Release. ASTRA and M/s Rafael will own 51:49 in the JVC and will become 50:50 subject to regulatory approvals.
 

Market Update: The Sensex crashed 1,053.64 points or 3.85 percent to 26312.43 and the Nifty plunged 321.10 points or 3.87 percent to 7978.85. About 233 shares have advanced, 1895 shares declined, and 36 shares are unchanged on the BSE.
 

Bank Nifty lost over 900 points. 10:20 am Crude below $40/bbl: Crude prices dived in Asia today, with US oil hovering below the key USD 40 a barrel mark amid deepening concerns about weak Chinese economic growth and global oversupply, analysts said. US benchmark West Texas Intermediate (WTI) for October delivery fell USD 1.04 to USD 39.41 while Brent crude for October eased 91 cents to USD 44.55. WTI extended losses after briefly dipping to USD 39.86 on Friday in New York -- breaking USD 40 for the first time in six years after data showed an increase in US oil rigs despite ample global supplies. "Soft manufacturing data from China and continued increase in weekly rig count led to the sharp sell-off" in oil prices, said Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at consultancy EY. A much weaker-than-expected manufacturing report on Friday also added to concerns energy demand is also waning in China. 

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The Market Continues To Bleed With The Nifty

The market continues to bleed with the Nifty below 8250. The 50-share index is down 120.70 points or 1.4 percent at 8252.05. The Sensex is down 398.86 points or 1.4 percent at 27208.96. About 436 shares have advanced, 1789 shares declined, and 65 shares are unchanged. Midcaps see sharp losses with the likes of Mastek, Motherson Sumi, Central Bank seeing pressure. Vedanta, Tata Motors, Hero MotoCorp, GAIL and SBI are among major losers while Infosys, Sun Pharma, Lupin, TCS and HUL are top gainers. Rupee falls further testing 66 levels. Oil is headed for its eighth straight weekly decline in Asia, as sharp falls in equities added to worries lacklustre global economic growth will hurt energy demand in an oversupplied market. Asian shares fell continuing a global sell-off in equities that hit Wall Street overnight and saw the Dow reach its lowest level this year as concerns about the health of the world economy snowballed. Analysts fear a slowdown in China, the world's second-biggest economy, could drag on global growth and curb energy demand bad news for oil prices at a time when markets are already oversupplied with crude. 10:00

                             Shares of Tata Communications outperformed the equity market, rising 3.5 percent intraday as two big multinational companies are in race to buy the telecommunications and internet service provider's data centre business. "Search engine giant Google Inc and ecommerce behemoth Amazon are among those in talks with the Tata Group to buy the data centre business of Tata Communications in a deal expected to fetch about Rs 4,261.4 crore to Rs 4,589.2 crore ($650-700 million)," said a media report 

 

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Bank Nifty Index opened up at 18659.65

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Bank Nifty Index opened up at 18659.65 with +121.55 points from the previous day closing at 18538.10 and closed positive at 19074.55. From the opening we saw continuous buying in Bank Nifty, Bank Index opened with day low of 18654.85 and near closing of the market Bank Index traded with day high of 19114.45 and at the end of the market Bank Index closed positive at 19074.55 with +2.89%, +536.45 points up. At the end of the market day Bank Nifty futures Gained +2.93%, +547.10 points up to close at +19246.95 from the previous day closing at 18699.85 with premium of +172.40 points and percent change in open interest of +0.97%.

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Nifty index opened up at 8779.00 with +11.75 points

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On Thursday market Nifty index opened up at 8779.00 with +11.75 points from the previous day closing at 8767.25 and closed negative at 8683.85. From the morning we saw continuous selling in Nifty Index, Nifty opened with day high of 8786.05 and slipped down with continuous selling and near 2 O’clock Nifty Index traded with day low of 8669.45 and at the end of the market day Nifty Index closed negative at 8683.85 with -0.95%, -83.40 points down. And the full day Nifty Index traded between 8786.05-8669.45. At the end of the day Nifty futures Loosed -0.95%, -83.70 points down to close at -8683.45 from the previous day closing at 8767.15 with discount of 0.40 points and percent change in open interest of -19.42%.

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Bank Nifty Index opened upward at 18940.45

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Bank Nifty Index opened upward at 18940.45 with +27.05 points from the last day of ending at 18913.40 and ended negative at 18883.80. From the opening we saw constantly buying in Bank Nifty, Bank Index opened with day low-lying of 18737.75 and near 1.30 o'clock Bank Index traded with day maximum of 19022.15 but till ending Bank Index slided downward and ended negative at 18883.80 with -0.16%, -29.60 points downward. At the end of the market day Bank Nifty futures Loosed -0.21%, -40.15 points downward to close at 18866.20 from the last day ending at 18906.35 with discount of 17.60 points and percent change in open interest of +3.60%.

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Bank Nifty Index opened upward at 19199.15

Nifty Future tips

Bank Nifty Index opened upward at 19199.15 with +125.60 points from the last day of ending at 19073.55 and ended negative at 18913.40. From the opening we saw constantly selling in Bank Nifty, Bank Index opened with day maximum of 19219.75 and full day we saw continuous selling in Bank Index and at the end of the market Bank Index ended negative at 18913.40 with -0.84 percent, -160.15 points downward with day low-lying of 18835.35. At the end of the market day Bank Nifty futures Loosed -1.37%, -260.90 points downward to end at 18844.00 from the last day ending at 19104.90 with premium of +69.40 points and percent change in open interest of +7.96%.

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