Market falls in early trade, Nifty near 10,300, Sensex down 1004 Pts

Market falls in early trade, Nifty near 10,300, Sensex down 1004 Pts:

Sensex down Key benchmark indices fell in the opening trades on Tuesday, amid global sell-off in equities with Sensex crashing over 1000 points and Nifty erasing over 330 points. Huge selling pressure erupted in the Indian equities market, as the two key indices BSE Nifty and Sensex opened around 3% lower. Asian shares continue to register selling pressure following Wall Street’s biggest fall since 2011 as investors’ confidence in factors underpinning a bull-run in markets. The BSE Sensex was trading at 33,635 down 1,221 points, while broader Nifty 50 index was ruling at 10,327 down 339 points. Both indices, however, recovered marginally as trade progressed. The heavyweight shares such as HDFC, ICICI Bank, ITC, RIL, L&T, Tata Motors, Infosys, Maruti Suzuki, Axis Bank, State bank of India, Kotak Mahindra Bank, TCS, Yes Bank, IndusInd Bank and Mahindra and Mahindra contributed heavily in the Sensex declines. 

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Sensex flat, Nifty turns negative after registering a high record

The key indices pared gains to turn flat after BSE Sensex and NSE Nifty crossed fresh record high before the RBI meet result due later today.  At 10.35 am, the Sensex, rose up 14.03 points or 0.04% at 32,589.20, while the Nifty50 down 7.15 points at 10,107.50. Markets expect the RBI to cut interest rates at least by 25 base point to 6 percent after inflation slumped to a record low of 1.54%. The market will be on watch whether the central bank will give indication to ease more.

Fertilizers companies’ shares were in limelight, rising up to 15 percent on BSE in intraday trade today. Nagarjuna Fertilisers, Rashtriya Chemicals & Fertilizer, Deepak Fertilizers, and Petrochemicals Corporation were increased more than 4 percent each.

 The RBI monetary policy meeting is scheduled at 2.30 PM today, 2 August 2017. The reverse repo rate under the LAF keep at 6%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.5%.

30 June Live- Nifty opens July series below 9,500, Sensex down 150 Pts

Indian share markets have opened the day marginally lower on mixed global cues. The Sensex fall down 150 points and the Nifty was trading psychological levels of 9450 on the back of under selling pressure amid weak global markets. 

At 11:10 AM, The BSE Sensex was trading down 34.29 points or 0.11% at 30823.23 while the NSE Nifty index was decling 16.20 points or 0.17% at 9487.90. 

Nifty 50-shares, 37 shares trading lower while 14 shares among gainers. The BSE Midcap and Small cap indices were down 0.4-0.5 percent respectively. 

Among selling pressure was seeing mixmium sectors, Banking, realty, Capital goods and auto shares.  

Nifty Top Gainers- Sunpharma 3.75%, Bank of baroda 2.25%, Auropharma 1.86%, ITC 1.73%, Dr.Reddy's 1.63%, Cipla 1.43%, Power Grid 1.27%, TCS 1.15%, BPCL 0.96%. 

Nifty Top Losers- LT 2.27%, IBULHSGFIN 2.25%, Tata Mtrdvr 1.98%, ICICI bank 1.36%, Tata Motors 1.35%, Infratel 1.31%, Tech-mahindra 1.26%, ACC 1.20%, Bajaj Auto 1.08%.

Nifty Struggling below 9650, Tata Motors, ICICI bank were under pressure

Opening update- The Indian Stock market continued to under selling pressure. Sensex Nifty trade negative side in Morning session on Wednesday. with the Nifty struggling below 9650 levels, banking & financial, auto and metals stocks declined. The 30-share Sensex is trading decline 81.77 points or 0.26% at 31215.76 while The 50-share Nifty index trading is down 37.00 points or 0.38% at 9616.50 after privious closing 9,653.50. 

Onliy on Reliance industries continued to supported the market,up 0.64 percent while Tata motors, HDFC, ONGC, Lupin, TCS, ICICI bank, and HDFC bank were under pressure. 

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Nifty Top Gainers- Bank of baroda 1.25%, LT 0.60%, Hindustan Unilever 0.52%, Reliance 0.43%, SBIN 0.29%, Sun pharma 0.23%, ITC 0.23%, Asian paints 0.14%, Bharti Airtel 0.14%, Kotak bank 0.03%. 

Nifty Top Losers- ONGC 2.34%, Cipla 1.98%, BOSCHLTD 1.71%, Hindalco 1.68%, TCS 1.62%, EICHERMOT 1.56%, BPCL 1.47%, Lupin 1.46%, Tata motors 1.41%, VEDL 1.37%.

Live Market- Sensex Nifty remain under pressure, Stock Advisory Company

Live Market- The Indian share market Sensex Nifty remain under pressure amid volatility. Investor specialists processed UK exit poll that appeared there could be a plausibility of hung parliament after Thursday's election. 

The 30-share BSE Sensex is trading down 32.99 points or 0.11% at 31,180.37, it was touching a high of 31,200.59 and low of 31,087.28. The NSE 50-share Nifty index falls 13.10 points or 0.14% at 9634.15, it was touched a high of 9644.10 and touch a low of 9,608.15. 

Maruti (+1.32%), IBULHSGFIN (+1.19%),VEDL (+1.15%), Reliance (+0.63%), Yes bank (+0.50%), HDFC (0.45%), HDFC bank (+0.45%), M&M (+0.34%), ZEEL (+0.31%). Tech-mahindra (-2.63%), GAIL (-2.06%), Infosys (-2.02)%, UltraCeMCo (-1.56%), Adani ports (-1.39%), Wipro (-1.22%), BPCL (-1.18%), Tata power (-1.08%), ONGC (-1.00%), ACC (-0.97%).

30 May Tuesday Sensex hits record high,Nifty trade range bound

The benchmark indices traded with moderate gains in early morning trade after a bit of initial volatility. At 10.30 am, the BSE Sensex was trading up 7.40 points at 31,116.68, while the Nifty-50 index was down 5.60 points at 9,599.30. Hopes of arrival of monsoon in time, aided small gains on the exchanges. 

The S&P BSE Mid-Cap index was up 0.03%, while the BSE Small-Cap index declined 0.28%, underperforming the Sensex. The markets breadth, showing the overall health of the market, were negative. 

On the BSE, there were 1,240 declines against 840 advances and a total of 103 shares were unchanged. 

Aurobindo Pharma adevancd 8 percnet to Rs. 555 after the company reported consolidated net profit of Rs. 532.45 cr, in Q4FY17, down 4.03% from Rs 554.77 cr, a year ago. Cement stocks were mixed. ACC tanked 1.04%, Ambuja Cements fell 0.42% and Shree Cement edged 0.28% lower, while Grasim Industries advanced 1.12% and UltraTech Cement rose 0.13% higher. 

Overseas, Asian stocks registered a mixed trend. U.S stock markets were shut yesterday, 29 May 2017 for the Memorial Day holiday.

Sensex hits record high, Nifty gained 32 points at 9,542

The benchmark indices Sensex and Nifty touched their respective record highs on Friday’s trade of the June series. At 10.15 am, The BSE Sensex rallied near 124.29 points to hit its new high of 30,874, while the broader Nifty-50 gained 32.60 points to touch its fresh high of 9,542.35. In the broader market, the BSE Midcap and the BSE Smallcap indices gained over 1.27 percent each. 

Tata Steel, Hindalco and Asian Paints were the top gainers on Nifty and added up to 2 percent. Nifty FMCG and Nifty Metals were the leading sectoral indices which gained 1 percent each. 

Cipla was the major loser shedding over 3 percent after the company reported a consolidated net loss of Rs 61.79 cr for the Q4FY17. The company had reported net loss of Rs 92.83 Cr, in the corresponding quarter last year. 

Maruti Suzuki hits Rs 7,000 mark first time, the stock gained over 33 percent so far this year. IOC Ltd fell 3 percent to Rs 425.90. It reports that the company’s Q4 profit rose 85% to Rs 3,721 Cr, boosted by higher refinery margins.

24 May Wednesday Sensex, Nifty open higher,Tata Motors shares jump

The benchmark indices on Wednesday were hovering in positive territory in morning trade. At 10.35 am, the BSE Sensex was trading up 104.02 points or 0.34% at 30,469.27, while the Nifty50 index was up trading 24.40 point, or 0.26% at 9,410.55. 

The BSE MidCap index was down 0.16 percent, while the SmallCap index was up 0.16 percent. Both the indices underperformed the Sensex. 

Tata Motors Ltd is mainly contributing to the BSE Auto index gains further moving to higher levels. The stock is the top Nifty gainer and is in focus today. It is up by 3.5 percent on the BSE. The other stock in the sectoral index like Bharat Forge Ltd is up by 1.5 percent, Exide India went up by 0.8 percent, Motherson Sumi is up by 0.5 percent and Bajaj Auto is up by 0.4 percent. 

Eicher Motors is down by 0.6%, MRF is down by 1%, Mahindra and Mahindra is down by 0.2%, HeroMoto Corp is down by 0.1% and Ashok Leyland is down by 0.4%. The rupee opened at 64.91 a dollar and was trading at 64.87, up 0.01 percent from its last close of 64.89. 

COMEX Gold is presently trading around USD 1250 per ounce levels, down 0.30 percent on the day. MCX Gold futures settled flat at Rs 28,800 per 10 grams and may slip in early moves today.

23 May Sensex Nifty open lower, Sun Pharma, Cipla fall, Infosys rise

The benchmark BSE Sensex and NSE Nifty open lower on Tuesday’s opening trade. At 10.30 am, the S&P BSE Sensex was trading down 160.98 points or 0.53% at 30,409.99 while the Nifty-50 index was trading down 52.35 points or 0.55% at 9,385.90. Broader market seen major selling pressure. There were nearly eight losers against each gainer on BSE. 1958 shares declined and 245 shares advanced and a total of 53 shares were unchanged. 

The shares of Hindustan Unilever, Infosys and TCS rise, whereas the shares of Videocon Industries, Sun Pharma, Cipla and Gail fall in opening trade on the BSE. Most metal shares fall, while Telecom shares fell. Tata Teleservices Ltd went down 1.3%, Reliance Communications down 6.88% Idea Cellular fall 1.03% , MTNL shed 4.3% and Bharti Airtel edged lower by 0.08%. 

Meanwhile, price of copper went lower in global commodities markets. Fine Grade Copper for July 2017 delivery was presently down 0.40 percent at 2.585 dollar per pound on the COMEX. 

The Indian rupee opened at 64.65/dollar in the morning hours. It was trading at 64.70, down 0.2 percent from its previous close of 64.55, while Asian currencies have been trading lower. 

The ten-year bond yield was trading at 6.679 percent with reference to its previous close of 6.667 percent. Meantime prices of Gold gained ground with session ending at Rs 28,781 per 10 grams.

Markets scale record high: Sensex up 150 points, Nifty nears 9,450

The key benchmark indices Sensex and Nifty edged higher in early trade, Tuesday, as positive Asian cues boosted sentiment. At 10.15 am, the 30-share Sensex was up 106.02 points or 0.35% at 30,428.14, while the Nifty-50 index was up 24 points or 0.25% at 9,469.40. 

Gains are largely seen in consumer durables, metal and  IT stocks. Tata Steel stock rose 0.76% to Rs 459.20 ahead of its quarter-4 announcing today. 

Telecom sector stocks were hogging the focus with BSE Telecom index rising 2%, as the leading sectoral gainer. Bharti Airtel rose 2 percent as the best performer among Sensex and Nifty stocks, while Bharti Infratel at 2% high gaining the most on the index. 

Oil prices surged 2% to its peak in more than 3 weeks on Monday. Global benchmark Brent crude settled up 98%, or 1.9% at USD 51.82 a barrel, having hit 52.63 dollar, the highest since April 21. Asian markets have been trading mixed following the leap in oil prices.

Sensex, Nifty open higher opening trade on positive macro data

The benchmark indices opened on Monday, 15 May 2017, on a higher note on positive macro data unveiled by the government on Friday. A missile experimentation by North Korea on Sunday also kept traders on verge.

At 10.15 am, the BSE Sensex was trading 122.42 points higher at 30,310.57 while the NSE Nifty-50 index was ruling at 9,438.60, up 37.70 points. Among broader markets, BSE Mid-cap index gained 0.77%, whereas Small-cap was up 0.7% in the early hours of today. The market breadth was a little bit narrow since 1,293 shares were advanced while 692 shares declined, and 97 shares were unaffected.

RIL, Aurobindo Pharma and Infosys Ltd, Cipla Ltd, and Wipro were losing splendor, while Tata Steel, Dr Reddy’s Lab, Grasim, HDFC, ICICI Bank, ONGC and Kotak Mahindra Bank were the major gainers on both the indices in the morning hours.

Many companies are supposed to announce their earnings this week, out of which Vedanta Ltd, JK Tyre, Colgate Palmolive, Bata India and Kajaria Ceramics are a few ones among us, that are scheduled to post their March-quarter earnings today.

The rupee, the domestic currency has opened higher by 18 paise at 64.12 per USD against its last closing of 64.30.

Elite Investment Advisory, Indices trade near flat line in initial trade, Nifty slips below 9,400

The key benchmark indices pared early gains to fall in red on Friday with mixed trend observed in Asian markets after a lackluster day on Wall Street. At 10.15 am, the BSE Sensex was trading at 30,216, down 34 points, while the NSE Nifty-50 index was ruling at 9,406.20, down 16.20 points. In the broader market, the BSE Mid-cap and the BSE Small-cap indices tanked 0.66% and 0.58%, respectively. 

Asian Paints shed 0.3 percent. The company's consolidated net profit reported 10.4% to Rs 462.22 crore on 8.9% rise in revenue from operations to Rs 4,416.23 crore in quarter-4 March 2017 y-o-y. Stocks of Infosys Ltd gained 2 percent to Rs 963. Infosys stock. The stock was the major Sensex gainer. 

Dr Reddy's Lab shed 0.19% ahead of its quarter-4 earnings to be announced today, 12 May 2017. Kotak Mahindra Bank advanced 0.73% to Rs 943.70 after the bank said that its QIP issue of shares opened yesterday, 11 May 2017, fixing its at Rs 913.24 per share of Rs 5 each. 

The India government will announce the new series of IIP and WPI considering 2011-12 the base year, so that economic activities to map more accurately.

Sensex scales near 30,300, Nifty hits 9,440, Metal stocks gained

The benchmark indices edged higher in early trade, hitting a fresh record highs on track of track Asian stocks stability. At 10.18 am, the BSE Sensex was trading up 79.39 points or 0.26% at 30,327.56, while the NSE Nifty-50 index rose 32.65 points or 0.35% at 9,439.95. Realty and metal stocks gained. Broader markets also kept their record highs with BSE Mid-cap index rising up 0.58% and Small-cap trading 0.46% higher. 

Mahindra & Mahindra, Tata Steel, Axis Bank and ICICI Bank gained mostly on BSE Sensex, on the other hand, Hindustan Unilever Ltd, Bharti Airtel, and NTPC were losing sheen. 

Many companies are going to announce their quarter fourth results today including Asian Paints, Gujarat Pipavav, Arvind and Glenmark Pharma. HCL Tech rose after posting stellar Q4 results. 

Meantime, rise in oil prices of more than 3% strengthened by the biggest week drop in U,S inventories so forth this year lifted the global market response, led by the energy stocks. Asian stocks advanced today’s early trade, with a pick up from a record high close on MSCI's global stocks after robust oil price gains buoyed energy stocks globally.

Sensex regains 30,000,Nifty above 9,380, Bharti Airtel flat post Q4

The key indices opened higher on Wednesday, registering decent gains in early trade tracking positive Asian stocks. At 10.15 am, the BSE Sensex was trading up by 255.81 points or 0.85% at 30,189.06. The NSE Nifty-50 index was trading up 69 points or 0.74% at 9,385.85. The Sensex reclaimed the psychological 30K-mark in early trade, with metal stocks and IT leading gains in the morning hours. The broader, BSE Mid-cap & Small-cap indices added 0.87% and 0.82%, respectively. 

Bharti Airtel trimmed all its losses to turn flat after gliding over 2 percent to Rs 337 in the early trade as the company registered a sharp 72% decline in the net profit at Rs 373.4 crore for the Q4 ending on March 2017. 

Auto stocks are buzzing on the exchanges in the morning hours, with Mahindra & Mahindra (M&M) Bajaj Auto and Maruti Suzuki leading the rally. M&M is contributing about 60% to the index gains and lifting it to higher levels, nearly 2%, on the BSE. 

M&M, Hindustan Unilever and Aurbindo Pharma were the major gainers, while UltraTech, Wipro, TCS and Cement lost the most.

Sensex up 100 points, Nifty reclaims 9,050 levels on positive Asian cues.

Benchmark indices edged higher on Thursday’s in early trade on positive Asian stocks. At 10.15 am, the barometer index, the BSE Sensex, was up 100 points or 0.34% at 29,267.71. The Nifty 50 index was up 26.25 points or 0.30% at 9,057.71. 

In the broader market, the S&P BSE Midcap rose 0.68% and the S&P BSE Smallcap indices rose 0.78% each. Overseas, Asian stocks were trading higher focusing on a crucial congressional vote on US healthcare reform later in the day. U.S stocks rebounded yesterday, 22 March 2017 posting strong gains. 

The NSE on Wednesday 22 March 2017 introduced futures and options contracts in 15 individual securities, which will be available for trading from March 31, 2017.

14 March Nifty hits record high; Sensex near 500 points, Elite Investment Advisory

Benchmark indices surged on Tuesday morning trade after the ruling BJP showed an impressive show in recently held assembly elections in 5 states, after announcing the result on Saturday, 11 March 2017. 

At 10:15 am, the BSE Sensex was trading at 29,437.41 up 491.18 points, while the broader Nifty50 was ruling at 9,078 up 144.35 points. The broader market was trading inline with the benchmark indices with BSE Midcap and BSE Smallcap up 1.6% each. All stocks on the indices were trading positively. Mahindra & Mahindra, ICICI Bank, HDFC and ITC were the major contributors on BSE Sensex. 

The BJP won an astonishing 312 out of 403 seats in the assembly elections of India's largest state, Uttar Pradesh, raising hopes of continued political stability. The rupee strengthened up to 66 against US dollar. It closed at 66.61 on Friday and opened today at highest level since April 2016.

03 March Markets open in red, Nifty below 8,900, Elite Investment Advisory Services

Benchmark indices were opened in red in early trade on Friday on weak global cues. At 10:15 am, the BSE Sensex, was down 63.39 points or 0.22% at 28,776.40. The Nifty50 index was currently down 25.20 points or 0.28% at 8,874.55. In broader markets, the BSE Mid-Cap index was currently down 0.26% and the BSE Small-Cap index was currently down 0.03%. The market breadth, indicating the overall health of the market, was negative. On BSE, 695 shares fell, 567 shares rose and a total of 53 shares were unaffected.

Tata Motors, Bharti Airtel, RIL, Axis Bank, Dr Reddy's Labs, Hindalco, Bharti Infratel, Grasim and UltraTech were gainers, whereas Tata Steel, Infosys, ITC, Asian Paints, TCS, Kotak Mahindra Bank, and Bank of Baroda were under pressure. On Goods and Services Tax update, the GST Council is likely to get the power to raise the rate up to 40% for any item in future, without the need for parliamentary approval.

Rupee opens lower by 4 paise against USD | Elite Investment Advisory

In the FOREX market, the rupee was trading lower by 4 paise at 66.96 against US dollar in early trade on Wednesday, due to increased demand for the US currency from importers. The greenback’s gains against other currencies overseas, aided the pressure sentiments on the rupee. On 20 Feb, 2017 the rupee had gained 9 paise to close at 66.92 per dollar in view of strong foreign capital inflows together with a firm equity market. 

Meantime, the U.S dollar index, which gauges the greenback's strength against a trade-weighted basket of 6 major currencies, eased 0.17 percent to 101.28. Back to Indian market, the domestic benchmark BSE Sensex rose 159.47 points, or 0.55%, to 28,921.06, while the Nifty50 index was up 41.35 points or 0.46% at 8,949.20, at 12.20 pm today.