20 June Market Live- Nifty Consolidation, Elite Investment Stock Advisory Company

Live Update- The 30-share Sensex trading up 35.17 points or 0.11% at 31346.74, it was touching a high of 31,392.53 and touch a low of 31,318.87. while the 50-share NSE Nifty index trade gain 10.90 points or 0.11% at 9668.45, it was touched high of 9676.50 and touch a low of 9655.60. 

Nifty index Bank index trading up 12.75 points or 0.05% at 23754.90 and NSE index IT nifty trade high 47.90 points or 0.47% at 10245.80. The BSE Smallcap index up 80.41 or 0.51% at 15734.38 and The BSE Midcap index 75.96 points or 0.51% up at 14893.70. 

Nifty Top Gainers Stocks- Tata power 3.59%, Tata Motors 2.62%, Idea Cellular 1.38%, Infosys 1.34%, Ambuja Cements 1.16%. 

Nifty Top Losers Stocks- Lupin 1.53%, HDFC 0.92%, Eicher Motors 0.69%, Gail 0.68%, TCS 0.56%.

Markets open flat tracking mixed global cues; Nifty above 9300

The benchmark indices opened flat on Tuesday on positive note. At 10.10 am, the BSE Sensex was trading at 29,944.49 up 18.34 points, whereas the NSE Nifty-50 index was ruling at 9,315, up 1.55 points. In the broader market, the BSE Mid-cap and BSE Small-cap gained 0.16% and 0.41% respectively. On Monday, FPIs sold shares of net valued Rs 542.47 crore, against DIIs (Domestic institutional investors) bought shares of Rs 663.33 crore, as per data with BSE. 

Infosys Ltd, Hero-Moto Corp, Axis Bank and Asian Paints gained the most on BSE Sensex, while GAIL India Ltd, Adani Ports, Bajaj Auto and Bharti Airtel, shed the most on the index. 

HUDCO’s IPO to raise Rs 1,224 Cr, was subscribed 63% on the first day of the offer on Monday. The IPO received bids for 12,91,36,800 shares against the total issue volume of 20,40,58,747 shares, as per the NSE data. 

Shares price of Bharti Infratel Ltd, opened up 1.3 percent on the BSE. Meanwhile, its share price was trading down by 0.6 percent ahead of the fourth quarter results to be introduced later in the day.

Indian Stocks markets closed on account of Labour Day- 01 May

On account of Labour Day and Maharashtra Day, Indian markets – Forex, Equity and Commodity – will remain closed today, 1 May 2017. 

The last closing Friday, the benchmark indices settled on lower note, closing Sensex at 29918 down 111 pts, while the NSE Nifty closed at 9304, down 38 pts, since investors booked profits in ITC and HDFC, and posted their robust weekly gain in 6 weeks. The BSE Mid-cap and Small-cap indices outperformed to gain 0.2 percent and 0.6 percent, respectively.  The domestic currency closed at 64.25 compared to its 64.16 close on Thursday, 27 April 2017. The benchmark ten -year bond yield rose two bps to 6.96%. 

Many markets, mostly in Asia and Europe are also closed on account of Labour Day.

24 March Friday Sensex extends gains, Nifty reclaims 9,100

The benchmark indices gained higher in early trade on positive Asian stocks. At 10.15 am, the BSE Sensex, was up 146.91 points or 0.50% at 29,479.07, while the NSE Nifty index was up 38.80 points or 0.43% at 9,125.10. In the broader market, the BSE Midcap and the S&P BSE Smallcap added 0.3% and 0.6%, respectively. 

Investors also struggled with mixed economic data. Filings for unemployment gains rose to a 7-week high, while purchases of new homes improved in February to a 7-month high. 

GST bill is scheduled to be tabled in the Lok Sabha today. The Union Cabinet on Monday gave its permission to four legislations of the much-awaited GST Bill namely the Central, State, Union Territory & Integrated GST, along with the Compensation Bill. 

Asian share markets and S&P 500 futures edged higher as investors dipped a toe back into risk trades after a week of wild swings in sentiment.