27 April Thursday Sensex, Nifty trade lower, Markets snap 3-day rally ahead of F&O expiry

The benchmark indices on Thursday opening were trading lower on negative global cues. At 10.15 am, the BSE Sensex, was trading down 63.43 points or 0.21% at 30,069.92. The NSE Nifty was trading down 15.35 points or 0.16% at 9,336.50. In the broader market, the BSE Mid-cap index added 0.7% and the BSE Small-cap index added 0.08% each. 

The market is expected to be volatile as traders roll over positions in F&O segment from the near month April 2017 series to May 2017 series. The near month April 2017 derivatives contract ceases today, 27 April 2017. 

Some buying trend is observed in Healthcare, IT and Automobiles indices, while Telecom, Energy, Bankex and Finance indices are showing weakness on BSE. Infosys Ltd, Tata Motors, Cipla, Kotak Bank and are among the majors, whereas ICICI Bank, Axis Bank, HDFC Bank and Lupin are losing splendor on the NSE. 

Meanwhile, the rupee cherished by 6 pais

e to 64.05 at open against its previous day’s close of 64.11. The domestic currency had made stronger to 63.93 a dollar, its highest since August 2015 in intraday trade yesterday.

Sensex Opens Strong; Nifty hits 8,800, 06 Monday Stock Market Update

Indian share markets  have opened on Monday on a strong note on expectations of a rate-cut by RBI in its policy meeting on Wednesday. At 10:15 am, the BSE Sensex was trading at 28,432, up 191 points, while the broader Nifty50 was ruling at 8,800, up 60 points. The market breadth was strong.

In the broader market, BSE Midcap and BSE Smallcap indices were trading at their respective record highs. On the global front, strong trade in Asian markets also added to the gains.  

About 1468 shares advanced against  412 declining shares on the BSE. Hero Motocorp, Tata Motors, ICICI Bank, SBI, Lupin, Grasim and were early gainers while M&M and ACC were losers.

05 Jan 2017 Thursday- Tata Motors jumped after strong JLR sales in Dec

Tata Motors picks up the pace 2.9% to Rs 500.5 on BSE after the company's British luxury unit Jaguar Land Rover (JLR) reported a 30% high in retail sales in US in December 2016. JLR, on 4th 2017, announced its US retail sales for the month of December 2016. The company’s US sales marked 30% high to 12,573 units in De 2016 over Dec 2015. Land Rover sales declined 2 percent to 8,279 units in December 2016 over December 2015. 

Meanwhile, the S&P BSE Sensex was up 210 points or 0.79 percent at 26,843 at 1.15 pm, today. On the BSE, 3.03 lakh shares have been traded so far as against the average daily volumes (ADV) of 5.40 lakh shares in the past one quarter. Sun Pharma gained 2 percent after the Company declared successful Phase 3 confirmatory clinical trial results for Seciera for the treatment of dry eye disease.  

In Global outlook, Asian stocks edged higher strengthened by a firm Wall Street. Further, MSCI's broadest index of Asia-Pacific stocks outside Japan gained 0.2 percent for the eighth consecutive session of profits. China's Shanghai Composite was higher 0.1 percent while Hong Kong's Hang Seng added 1.1 percent, and Japan's Nikkei bucked the trend to lose 0.3 percent.

Sensex up 235 Pts, Nifty hits 1871 levels, Elite Investment Research

Oil prices edged up in early Asian trade on Friday despite unexpected US crude inventory build. Oil prices will gradually rise towards USD 60 per barrel by the end of 2017, As per report showed on Thursday. 

Meantime, The rupee added 16 paise at 67.94 against the US dollar today as exporters and banks intensified selling of the US currency amid a firm domestic equity market. 

The Indian benchmark BSE Sensex advanced by 235 points, or 0.89%, at 26,600 at 12.30 pm, today. Nifty hit its 1871 level, up by 0.83%. Looking to Indian market scenario, it may see ranged trade amid thin volumes. Investors will be eagerly watching for any government notice as Prime Minister Narendra Modi's 50-day demonetisation deadline draws to a close today.

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.