Sensex rises 130 points, Nifty above 10,400, Investment Stock Advisory

Sensex rises 130 points, Nifty above 10,400, Investment Stock Advisory:

India’s share market on Tuesday began moderately higher with Sensex and Nifty opening in green, as FPIs continued to liquidate their positions. The benchmark BSE Sensex gained 0.41% to open at 33,913.94 and NSE Nifty added 0.12% to begin at 10,391 in early trade. 

The broader and sectoral indices fell into negative zone in the opening trade with Nifty PSU Bank index losing the most led by the fall in shares of fraud-hit PNB. Shares of Tata Steel, Bharti Airtel, Dr Reddy’s, Axis Bank, TCS, and Infosys emerged as the notable gainers in the early trades whereas shares of Kotak Mahindra Bank, IndusInd Bank, Adani Ports, and SBI fell over 1 percent. 

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Sensex Lower; Nifty slips in red after opening at record high of 9,377

The benchmark indices edged lower in early trade on passive global cues. At 10.15 am, the BSE Sensex was down 135.92 points or 0.45% at 29,990.29, while the NSE Nifty index declined 38.10 points or 0.41% at 9,321.80. The BSE MidCap index down 0.11% and. BSE Small-Cap index rose 0.05%, outperforming the Sensex. 

Coal India Ltd, SBI, ICICI Bank and Asian Paints gained the most on BSE Sensex while Mahindra & Mahindra, ONGC, GAIL India and Tata Steel fell the most on the index. 

The IT major, Infosys Ltd was trading lower by 1.4% at Rs 924.2 per share. The stock is dragging the Nifty index in the morning hours today.  Shares of Wipro Ltd was down 0.09%, after the company declared that it has joined EEA (Enterprise Ethereum Alliance) as a founding member. 

Meanwhile, Oil prices were left behind near 5-month lows today after a aboaut 5% fall in the last session on worries over rising US supply, removing all of the price gains since OPEC's move to control output.

3 March (Monday) Nifty opens fresh record high, Sensex above 140 points

The benchmark indices on Monday edged higher in early trade tracking positive Asian peers. At 10.15 am, the BSE Sensex was up 146.73 points or 0.50% at 29,767.23. The Nifty-50 index was up 34.35 points or 0.38% at 9,208.20. In the broader market, the BSE Midcap and the S&P BSE Smallcap indices added 0.4% and 0.5%, respectively. 

All sectoral indices have opened the day in positive note, except reality stocks. The automobiles sector and banking, and oil & gas sector leading the pack of gainers. The rupee is trading at 64.84 to the US Dollar. 

Reliance Industries Ltd (RIL) extended gains to touch its fresh 52-week high of Rs 1,380 on the BSE after its telecom venture Reliance Jio extended prime membership for users by 15 days. 

In the economic front, the GST Council on Friday cleared rules on the 5 aspects of the new indirect tax rules and tentatively endorsed four sets of norms.

Markets trade flat; Nifty holds 8400, Elite Investment Advisory Services

Indian share markets indices opened on Thursday in red amid mixed cues in Asian markets and investors vigilant on the corporate earnings season continues. At 10:15 am, the BSE Sensex was trading at 27,251, down 0.02% percent, while the broader Nifty50 was ruling at 8,410, down 0.08% percent. Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap rising 0.17% and 0.10% respectively. 

The dollar index progressed by comments from Federal Reserve Chair Janet Yellen. The rupee is trading at 67.94 to the US dollar. Sectoral indices have opened today with oil & gas stocks witnessing maximum buying interest, while realty & banking stocks have opened the day in red.

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Copper slips by the end of the day on 5th Jan 2017, Gold Hits Rs 28K

Indian Copper declined by more than Rs. 380.4 per kg at the end day of Thursday. The prices declined by 0.95% to end the trades just above Rs 380. Coming to the resistances for Copper in coming days, Rs. 385 and 390 looks a difficult zone to breach. 

However, sentiment has been improved by strong manufacturing data from the U.S. and China, which accounts for almost half of global copper consumption estimated at about 22 million tonnes this year. Strong data from the U.S is one cause behind the stronger dollar, which has now been witnessed by traders as a hint of economic strength. 

Meantime, MCX Gold futures closed up about 1 percent at Rs 27,946 per 10 grams after hitting a high of Rs 28000 per 10 grams. Gold rose to its highest peak in one month on Thursday, approaching USD 1180 per ounce levels since the dollar down further below a 14-year peak earlier this week. The precious metal has been rising this year after reaching lower around its 11 month low in December 2016. Dollar index has fallen near 101 levels in Asian trades today.

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IFCI Ltd climbs 12% following NSE files IPO papers with SEBI

The NSE filed draft red herring prospectus with SEBI for its much-awaited IPO and it is expected to be one of the biggest in recent times, with an estimated size of over Rs 10,000 crore. 

IFCI Ltd holds around 3.05 percent shares in the exchange. It is currently trading at Rs 27.6, up by Rs 2.9 or 11.74% from its previous closing of Rs 24.7 on the BSE, effectively on NSE filed its draft prospectus for a Rs 10,000-crore IPO of equity with the SEBI. Earlier today IFCI Ltd breached Upper Circuit of Rs. 27.15. Also, there was considerable spurt in volume by more than 1.52 times in the number of stocks in trading today. 

The scrip opened at Rs 27.15, has touched a high of Rs 27.5 and low of Rs 26.4. So far 21387055 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs 4105.24 crore.

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Gold prices grown higher, supported by Japanese inflation numbers and an deadlock over re-capitalisation of the Italian third largest bank. Nearly all Asian indices showed positive bias from US indices in low volume trade improved sentiment. 

Asia stocks recorded higher on Wednesday, while the dollar firmed against the yen following the release of upbeat US economic data overnight. 

Crude oil prices seized considerable gains on hope of supply tightening once oil-producing nations implement a scheduled output cut.