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Showing posts from September, 2017

Sensex, Nifty50 off to a cautious start ahead of September F&O expiry

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Marketwide rollovers stood at 56 per cent till Wednesday, which was in line with the average rollover of 56 per cent seen in last three series.  NEW DELHI: Benchmark indices opened on a cautious note on Thursday ahead of the expiry of September series futures and options contracts later in the day. Global cues were firm but a persistent weakness in rupee weighed on market sentiment.  At 9.23 am, the BSE Sensex was trading 6 points, or 0.02 per cent, lower at 31,153. The index was down nearly 50 points in morning trade.  The Nifty50 was ruling at 9,726.70, down 9.05 points, or 0.09 per cent. The midcap and smallcap indices were trading flat.  Marketwide rollovers stood at 56 per cent till Wednesday, which was in line with the average rollover of 56 per cent seen in last three series. Nifty rollovers at 46 per cent were slightly lower than 46 per cent, the average for last three month rollovers.  "Short roll aggression from the domestic arbitrageurs coupl
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NEW DELHI: Losses in Just Dial, MindTree BSE -2.41% , Tata Elxsi BSE -2.00% , Infosys BSE -0.86% and Wipro BSE -0.57% dragged Nifty IT index to settle in the negative zone on Wednesday.  Only Tata Consultancy Services BSE 0.62% , Oracle Financial Services Software BSE 0.44% (OFSS) and Tech Mahindra BSE 0.89% settled in the green, out of total 10 components on Wednesday.  The IT index was the only sectoral gainer during the afternoon trading session, but gave up gains at the fag-end of the session, extending its losses for a fourth consecutive session.  Wednesday's trading session was marked by a steep fall in equity benchmarks Sensex and Nifty. Sensex tanked nearly 500 points intraday whereas Nifty50 touched 9,735.  Nifty closed at 1.5-month low at 9,735.75, while Sensex ended near 3-month low at 31,159.81.  To Get Free Trail Missed call @8817002233 Mail Us - starindiamarket@gmail.com Visit - https://www.starindiaresearch.com

Sensex, Nifty off to a cautious start; Maruti, TCS top gainers

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N EW DELHI: Benchmark indices opened on a positive note on Wednesday, as the rupee stabilised following a two-day of battering. Global cues were mixed with Asian markets seeing a marginal drop in the morning trade after US Fed Chair Janet Yellen said that the Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation.  At 9.25 am, the BSE Sensex was trading 76.44 points, or 0.24 per cent, higher at 31,676, The Nifty50 was ruling at 9,884  up 12.75 points, or 0.13 per cent. The midcap and smallcap indices rose up to 1 per cent.   The rupee on Wednesday opened 9 paise up at 64.36 against dollar on account of selling of the greenback by banks and exporters. A consistent fall in rupee generally triggers foreign outflows from stock market.  Data showed market-wide rollover of September F&O contracts stood at 37 per cent till Tuesday, which was in line with the average rollovers of 36 per cent seen in last three series.

Sensex, Nifty start on a cautious note; Asian Paints, HUL top losers

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NEW DELHI: Domestic equity markets opened on a cautious note on Tuesday following weak global cues. The BSE Sensex was trading 6.60 points, or 0.02 per cent down at 31620.03 in opening trade, while NSE Nifty index was down 2.35 points at 9870.25.  Half of the stocks in the Nifty index were trading in red with Asian Paints BSE -1.74 % falling the most 1.09 per cent, followed by UltraTech BSE -0.74 % Cements (down 0.95 per cent), HDFC Bank BSE -0.33 % (down 0.69 per cent), Zee Entertainment BSE -0.15 % (down 0.65 per cent) and State Bank of India BSE -0.29 % (down 0.60 per cent).  On the other hand, ONGC BSE 3.13 %, Indiabulls Housing Finance, Power Grid BSE 0.55 % , Hero MotoCorp BSE 0.91 % and Tata Motors BSE 0.81 % were up between 0.90 per cent and 2.20 per cent in early trade.  Markets are like to be volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month September 2017 series to October 2017 ser

Market Now: Tata Power, SBI most active stocks in terms of volume

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Power Grid was the top Sensex  gainer with 1 per cent gain.  NEW DELHI: Shares of Tata Power BSE 1.06 % (number of shares traded: 0.15 crore), State Bank of India BSE -2.02 % (0.14 crore) and Vedanta BSE -1.56 % (0.12 crore) were trading as the most active stocks in terms of volume on NSE in Monday's early trade.  Ashok Leyland (0.10 crore), Axis Bank BSE -2.47 % (0.10 crore), DLF (0.10 crore), Hindalco Industries BSE -1.86 % (0.09 crore), ICICI Bank BSE 0.29 % (0.09 crore), ITC BSE -0.24 % (0.09 crore), Tata Steel BSE -3.27 % (0.08 crore), Tata Motors BSE -0.49 % (0.08 crore) and Bank of Baroda BSE -1.59 % (0.07 crore) were also in the league.  Domestic equity markets extended their losses for the fifth straight session on Monday following weak global cues. The BSE Sensex lost 266 points and NSE Nifty index breached the psychological level of 9,900 soon after opening.  At 09.37 hours, Nifty50 index was trading 91 points down at 9,873, while S

Sensex, Nifty start on a positive note; RIL surges 3%; telecom stocks slip

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The midcap and smallcap indices edged up to 0.3 per cent higher. NEW DELHI : Benchmark indices on Wednesday opened on a flat to positive ahead of kick start of US Federal Reserve two-day policy review later in the day.  At 9.36 am, the BSE Sensex was trading 54 points, or 0.17 per cent, higher at 32,456.37, The Nifty50 was ruling at 10,155, up 7.45 points, or 0.07 per cent. The midcap and smallcap indices edged up to 0.3 per cent higher.  The US Federal Reserve will conclude its two-day policy review later in the day. The US central bank is likely to take steps toward policy normalisation.  Meanwhile, on Tuesday, US President Donald Trump escalated his standoff with North Korea over its nuclear challenge on Tuesday, threatening to “totally destroy” the country of 26 million people and mocking its leader, Kim Jong Un, as a 'rocket man', Reuters reported.  Telecom stocks fell up to 5 per cent TRAI more than halved the interconnect usage charge (IUC) from

Sensex, Nifty turn choppy ahead of Fed meet; Tata Motors rallies 4%

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The BSE Sensex was trading 9.71 points, or 0.03 per cent, higher at 32,443.47  NEW DELHI : Benchmark indices on Tuesday opened on record high level, only to turn choppy ahead of the US Federal Reserve two-day policy review meet  At 9.36 am, the BSE Sensex was trading 9.71 points, or 0.03 per cent, higher at 32,443.47, The Nifty50 hit a fresh record high of 10,178.95, before turning flat. The index was ruling at 10,153. The midcap and smallcap indices edged up to 0.2 per cent higher.  "All eyes are on two-day Federal Reserve monetary policy meeting that will begin on Tuesday. Continued inflow in domestic funds, benign interest rate environment, stable currency coupled with favorable global cues is driving markets higher,” said Sanjeev Zarbade of Kotak Securities.  Tata Group of companies including Tata Motors BSE 4.33 % , Tata Global Beverages BSE 1.50 % and Tata Chemicals BSE 0.54 % hogged limelight in Tuesday’s trade on account of multiple block deals in e

Market Live: Nifty, Midcap open at record high; Sensex up 175 pts on global cues

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Nifty Midcap was up 0.8 percent. Among midcaps, Goa Carbon, Bombay Dyeing, Graphite India, HEG, Speciality Restaurants, Jubilant Foodworks, Cadila Healthcare, ICICI Prudential and TVS Electronics gained up to 10 percent. Equity benchmarks started off the week on a strong note as the Nifty50 and Midcap opened at fresh record highs while the Nifty Bank soared over 25,000 level, tracking global cues. The 30-share BSE Sensex was up 175.72 points at 32,448.33 and the 50-share NSE Nifty rose 63.20 points to 10,148.60. About four shares advanced for every share falling on the BSE. Nifty Midcap was up 0.8 percent. Among midcaps, Goa Carbon, Bombay Dyeing, Graphite India, HEG, Speciality Restaurants, Jubilant Foodworks, Cadila Healthcare, ICICI Prudential and TVS Electronics gained up to 10 percent. To Get Free Trial Missed call @8817002233 Mail Us = starindiamarket@gmail.com visit =     https://www.starindiaresearch.com/services.php