Nifty eyes 7950, Sensex firm; ITC & Dr Reddy's fall 1%

Free nifty tips - The market continues to see good buying in December series as the Nifty eyes 7950. The 50-share index is up 42.35 points or 0.5 percent at 7926.15. The Sensex is up 127.51 points or 0.5 percent at 26086.14.About 1198 shares have advanced, 596 shares declined, and 139 shares are unchanged.
 

Tata Steel, ICICI Bank, M&M, Axis Bank and Cipla are top gainers while Dr Reddy's Labs, ITC,GAIL, Maruti and Lupin are major losers.
 

Reliance Infrastructure's shares gained 1.4 percent intraday on top of a 3.3 percent rise in previous session. A a media report indicated that the company is in talks with Aditya Birla Group company for stake sale in cement units.
 

"The Aditya Birla Group's cement company, UltraTech Cements, is in talks to take over cement units of the Anil Ambani-owned Reliance Infrastructure," a media report says quoting unnamed sources.
 

Anil Dhirubhai Ambani Group company's cement units are likely to fetch an enterprise valuation of Rs 5,000-5,500 crore, the report adds.

 

Read More - Free nifty tips

Nifty holds 7850, rupee at 2-week low; ITC, Hindalco fall

Free nifty tips - The market is still flat with auto stocks riding high while metals and FMCG are in red. The Sensex is up 14.86 points at 25883.35 and the Nifty is up 6.45 points at 7863. About 1358 shares have advanced, 766 shares declined, and 128 shares are unchanged.

The market continued to consolidate in morning trade due to lack of cues but the broader markets outperformed benchmarks. The BSE Midcap index gained 0.3 percent and Smallcap advanced 0.7 percent.

The 30-share BSE Sensex fell 11.49 points to 25857.00 and the 50-share NSE Nifty rose 0.55 points to 7857.10. The market breadth was positive as about two shares advanced for every share declining on the Bombay Stock Exchange.

Hindalco Industries and Vedanta topped selling list on Sensex, down more than 2 percent followed by ITC, Infosys, Sun Pharma, Cipla and Tata Steel with 0.5-1.6 percent. Hero Motocorp, Bajaj Auto, Wipro, Dr Reddy's Labs and BHEL gained 1-2 percent.

Advanta gained 4 percent but UPL lost 1 percent after the merger deal. UPL is going to merge Advanta with self, says the global generic crop protection, chemicals and seeds company, adding Advanta shareholders will get one equity share and three preference shares for every share held.

Among midcaps, Vakrangee, Godfrey Phillip, Responsive Industries, SpiceJet and HSIL rallied 5-10 percent while Sun Pharma Advanced, Whirlpool, Page Industries, Max India and Bombay Dyeing fell 2-2.5 percent.

Read More - Free nifty tips

Sensex below 27000, down 100 pts; banks drag, Hindalco up

Market Update - Equity benchmarks remained under pressure. The Sensex fell 122.01 points to 26913.84 and the Nifty declined 32.15 points to 8145.25.

About 1141 shares have advanced, 1032 shares declined, and 94 shares are unchanged on the BSE.

Market Check - The market declined marginally in morning trade with the Sensex falling 115.18 points to 26920.67 and the Nifty slipping 30.90 points to 8146.50. Banking & financials dragged the market while metals, technology and pharma stocks gained. The broader markets were also marginally under pressure.

Shares of ITC, ICICI Bank, HDFC Bank, Lupin, Reliance Industries, L&T, Axis Bank and Bharti Airtel were down 0.9-1.8 percent.

Tata Steel, Vedanta and Hindalco Industries topped the buying list on Sensex, up 2-2.7 percent.

Buzzing- Shares of 3i Infotech climbed more than 8 percent intraday after allotting preference shares to DBS Bank as per corporate debt restructuring (CDR) plan.

"Pursuant to terms of master restructuring agreement between CDR lenders and 3i Infotech, the company has allotted 1,69,70,618 equity shares at a conversion price of Rs 19.74 on a preferential basis to DBS Bank on October 7," the IT company said in its filing. Additionally, on October 6, 3i Infotech also allotted 40,016 equity shares against conversion of the FCCBs of principal amount of USD 13,000. 

 

Read More - Free Nifty Tips

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 

 

Read More - Nifty tips.

Nifty eyes 7850, Sensex firm; SBI & Vedanta up 2%, HUL down

The Sensex gained 118.54 points at 25740.71 and the Nifty rose 38.50 points to 7826.60.

About 1476 shares have advanced, 556 shares declined, and 79 shares are unchanged on the BSE.

The market is holding early gains as the Sensex is up 154.10 points or 0.6 percent at 25776.27. The Nifty gains 45.60 points or 0.6 percent at 7833.70. About 1272 shares have advanced, 360 shares declined, and 50 shares are unchanged.

SBI, Vedanta, Axis Bank, Wipro and ONGC are top gainers whule BHEL, HUL,Tata Motors, GAIL and ICICI Bank are among laggards in the Sensex.

Harendra Kumar of Elara Capital believes the market will see a bottoming out in the next one month and one can buy a lot of select stocks in the current market.

He believes the foreign institutional inflows are expected to be positive in the days to come. He suggests buying select midcap stocks in the oil and gas and telecom space form a long-term point of view.

Crude oil prices dipped after news top oil exporter Saudi Arabia sees no need for a summit of producing countries' heads of state to defend prices, partly offsetting the previous session's strong rally on bullish gasoline demand. 

 

Read More - Sensex N Nifty Tips

Sensex, Nifty cool off but steady; IT stocks lead, HUL down

 

The market has cooled off from early gains but is still holding firm. The Sensex is up 308.03 points or 1.2 percent at 25625.90, and the Nifty is up 98.10 points or 1.3 percent at 7786.35. Asian shares surged , with Japan's benchmark Nikkei index reaping monstrous gains, following the positive finish in offshore markets and as investors bet on China to step on the stimulus pedal soon. Nikkei is up over 1000 points.

About 1646 shares have advanced, 444 shares declined, and 69 shares are unchanged.

Vedanta, Hindalco, Tata Steel, Infosys and Maruti are top gainers while GAIL and HUL are down around 1 percent each.

Crude oil prices rose on as Asian stock markets caught a tailwind from a strong performance in the United States and Europe, although fuel markets remained generally dogged by oversupply.

Asian shares gained after upbeat German economic data powered rising US and European markets, and traders said the more upbeat sentiment in Asia had flowed through to oil markets.

However, concerns remained that high global production was being met with a growing slowdown in demand, especially in the United States where the end of the summer driving season means slowing consumption.

Read More - Nifty Updates 

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.

Read More - Nifty N Market tips 

Sensex, Nifty, Midcap climb 1%; Ambuja Cements top gainer

Ambuja Cements topped the buying list on Nifty, up over 4 percent after Nomura upgraded the stock to buy with target price of Rs 253 per share. It believes cement demand growth in non-south regions is likely to be strong.Equity benchmarks continued to see short covering and little bit of value buying as well. The 30-share BSE Sensex gained 263.71 points or 1.04 percent at 25717.27 and the 50-share NSE Nifty climbed 89.60 points or 1.16 percent to 7806.60, led by banking & financials, capital goods, auto and metal stocks.

The BSE Midcap and Smallcap indices rallied too, up over 1.2 percent in noon trade. The market breadth remained positive as about 1600 shares have advanced against 660 shares declined on the Bombay Stock Exchange.

There has been calm across Asia, as China and Hong Kong markets shut today. Japan's Nikkei gained 0.5 percent while Straits Times and Taiwan Weighted rose 0.8 percent each. European markets are likely to open higher ahead of the ECB policy decision due later today.

Investor, Marc Faber said data suggests economic growth in China is worse than 4 percent. He expects volatility in global markets to continue for next 6 months. On India, he said an economic slowdown in China will definitely impact India.

Ambuja Cements topped the buying list on Nifty, up over 4 percent after Nomura upgraded the stock to buy with target price of Rs 253 per share. It believes cement demand growth in non-south regions is likely to be strong.

Read More - Nifty tips

Nifty above 8000 ahead of GDP data, Sensex flat; GAIL up 2%

GAIL, Lupin, Cipla, Sun Pharma and Axis Bank are top gainers while Bharti Airtel, BHEL, Vedanta, Tata Steel and Bajaj Auto are among losers in the Sensex.

The market is flat as the Sensex is up 15.84 points at 26408.22. The Nifty is up 8.10 points at 8010.05. About 1101 shares have advanced, 961 shares declined, and 89 shares are unchanged.

GAIL, Lupin, Cipla, Sun Pharma and Axis Bank are top gainers while Bharti Airtel, BHEL, Vedanta, Tata Steel and Bajaj Auto are among losers in the Sensex.

India's first quarter gross domestic product (GDP) will be released in the evening. It is expected to come in at 7.5 percent versus 6.7 percent in the year-ago period. But economists these days look at the GVA, that is the gross value added, which is expected to fall to 6.7 percent from around 7.4 percent in the first quarter of the previous year.

Oil prices fell in Asia today, coming under pressure as dealers took profits from huge gains in the previous session and tried to gauge the outlook for the US economy and its taste for crude. Oil has been on a roller-coaster ride in recent weeks over fears of a harder-than-expected slowdown in China, the world's top energy importer, at a time when world markets are awash with supplies.

Read More - Nifty Tips

Bank Nifty Index opened up at 18832.45 with-32.55 points

Bank Nifty – Bank Nifty Index opened up at 18832.45 with-32.55 points down from the previous day closing at 18865.00 and closed negative at 18832.45.From the opening we saw continuous selling in Bank Index,Bank Index opened with day high of 18860.75 and slipped down, near closing of the market Bank Index traded with day low of 18613.55 and closed negative at 18635.85 with-1.21%,-229.15 points down. At the end of the market day Bank Nifty futures Loosed -1.15%-218.35 points down to close at -18687.95 from the previous day closing at 18906.30 with premium of 52.10 points and percent change in open interest of +5.09%.
Nifty Futures - Nifty futures opened up at 8598.25 with -5.45 point from the previous day closing at 8603.70.From the opening we saw continuous selling in Nifty Futures, Nifty Futures opened with same day high of 8598.25 and slipped down, near closing of the market Nifty Futures tradedwith day low of 8524.15 and closed negative at 8538.90 with -0.75%, -64.80 points down.And the full day Nifty Index traded between 8598.25-8524.15. 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%. 

Read More - free nifty Tips

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%.

For more info click here :  Nifty Future tips

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%.

For more info click here : Nifty futures tips

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%.

For More Info click here : Nifty futures tips

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%.

For More Information Click Here: Nifty futures tips

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%.

for more info click here : Nifty futures tips