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Sensex Today: Sensex ends 396 points higher, Nifty at 11,573 level on Sept F&O expiry day

BusinessToday.In | 26 September 2019

Sensex Today: Benchmark indices Sensex and Nifty registered sharp recovery on Thursday amid strong gloabl equities and ended 1% higher on September F&O expiry day. While Sensex rallied 396 points higher to close at 38,989, Nifty ended 133 points higher at 11,573 mark. Overall 41 out of 50 scrips on Nifty and 23 out of 30 stocks on Sensex ended the days trade in green. Sectorally, expect IT, all the other indices closed in the bullish territory, with over 4% advance registered in metal sector, followed by 2.5% gains recorded in media, realty and auto stocks and over 1.5% rise in banking scrips.

 

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  • Sensex Today: Sectorally, expect IT, all the other indices closed in the bullish territory, with over 4% advance registered in metal sector, followed by 2.5% gains recorded in media, realty and auto stocks and over 1.5% rise in banking scrips.
  • 09:53 IST

    FII/DII

    Foreign institutional investors (FIIs), who were net sellers for the last few sessions, bought equities worth a net Rs 737.17 crore on Thursday, according to provisional exchange data.

     

  • 09:53 IST: Foreign institutional investors (FIIs), who were net sellers for the last few sessions, bought equities worth a net Rs 737.17 crore on Thursday, according to provisional exchange data.

     

  • 16:06 IST

    Market Wrap: Expert opinion

    Commenting on today's nifty movement, Rohit Singre, Senior Technical Analyst, LKP Securities said," Nifty expired September series at 11571 with gains of nearly 6 percent forming a bullish candle after forming three consecutive red candles in last three expiry hinting bulls are trying taking to take charge from lower end. For coming expiry highest open interest (OI) concentration is placed at 11000 PE followed by 11500 PE and on higher side highest OI is placed at 12000 CE followed by 11700 CE hinting immediate range for coming series is 11500-11700 zone and overall range for OCT series is 11000- 12000 zone as per derivative data. Immediate support for nifty is coming near 11510-11450 zone and resistance is coming near 11625-11680 zone. Nifty bank expired Sep series at 30002 with gains of nearly 10 percent (expiry basis), immediate support for nifty bank is coming near 29850-29650 and resistance  is coming near 30300-30550".
     

  • 16:06 IST: Commenting on today's nifty movement, Rohit Singre, Senior Technical Analyst, LKP Securities said," Nifty expired September series at 11571 with gains of nearly 6 percent forming a bullish candle after forming three consecutive red candles in last three expiry hinting bulls are trying taking to take charge from lower end. For coming expiry highest open interest (OI) concentration is placed at 11000 PE followed by 11500 PE and on higher side highest OI is placed at 12000 CE followed by 11700 CE hinting immediate range for coming series is 11500-11700 zone and overall range for OCT series is 11000- 12000 zone as per derivative data. Immediate support for nifty is coming near 11510-11450 zone and resistance is coming near 11625-11680 zone. Nifty bank expired Sep series at 30002 with gains of nearly 10 percent (expiry basis), immediate support for nifty bank is coming near 29850-29650 and resistance  is coming near 30300-30550".
     

  • 16:05 IST

    Market Wrap: Expert opinion

    Commenting on the market  trend ahead of F&O expiry, Rahul Mishra, AVP (Derivatives) from Emkay Global Financial Services said, “NIFTY started September month around 10800 level and was struggling to cross the 11000 resistance as the initial stimulus from FM could not help improving investor’s sentiments. Country’s economic growth of 5% (lowest in last 6 years) combined with global cues further hit the sentiments and NIFTY gave up all the gains for the year 2019. However, the latest stimulus of slashing the corporate tax was perceived well across the market and the Indian equity benchmarks clocked their biggest intraday move almost in a decade, market recovered ~7-8% in just 6 sessions. With the revised tax rate INDIA has become one of the lowest tax rate region in ASIA. NIFTY is currently trading above 50 and 200 DMA and we believe 11300 will be the support level, 11600 will be good resistance and we may see supply around this level. From derivative point of view, FIIs have doubled their position in Index future during the month so far. The monthly option data suggest that the NIFTY range for the month of October will be 11000-11500, however, 12000 call holds a decent open interest making it the next resistance.”

  • 16:05 IST: Commenting on the market  trend ahead of F&O expiry, Rahul Mishra, AVP (Derivatives) from Emkay Global Financial Services said, “NIFTY started September month around 10800 level and was struggling to cross the 11000 resistance as the initial stimulus from FM could not help improving investor’s sentiments. Country’s economic growth of 5% (lowest in last 6 years) combined with global cues further hit the sentiments and NIFTY gave up all the gains for the year 2019. However, the latest stimulus of slashing the corporate tax was perceived well across the market and the Indian equity benchmarks clocked their biggest intraday move almost in a decade, market recovered ~7-8% in just 6 sessions. With the revised tax rate INDIA has become one of the lowest tax rate region in ASIA. NIFTY is currently trading above 50 and 200 DMA and we believe 11300 will be the support level, 11600 will be good resistance and we may see supply around this level. From derivative point of view, FIIs have doubled their position in Index future during the month so far. The monthly option data suggest that the NIFTY range for the month of October will be 11000-11500, however, 12000 call holds a decent open interest making it the next resistance.”

  • 15:53 IST

    Closing Bell

    Sensex Today: Benchmark indices Sensex and Nifty registered sharp recovery on Thursday amid strong gloabl equities and ended 1% higher on September F&O expiry day. While Sensex rallied 396 points higher to close at 38,989, Nifty ended 133 points higher at 11,573 mark.

    Overall 41 out of 50 scrips on Nifty and 23 out of 30 stocks on Sensex ended the days trade in green.

    Sectorally, expect IT, all the other indices closed in the bullish territory, with over 4% advance registered in metal sector, followed by 2.5% gains recorded in media, realty and auto stocks and over 1.5% rise in banking scrips.

  • 15:53 IST: Sensex Today: Benchmark indices Sensex and Nifty registered sharp recovery on Thursday amid strong gloabl equities and ended 1% higher on September F&O expiry day. While Sensex rallied 396 points higher to close at 38,989, Nifty ended 133 points higher at 11,573 mark.

    Overall 41 out of 50 scrips on Nifty and 23 out of 30 stocks on Sensex ended the days trade in green.

    Sectorally, expect IT, all the other indices closed in the bullish territory, with over 4% advance registered in metal sector, followed by 2.5% gains recorded in media, realty and auto stocks and over 1.5% rise in banking scrips.

  • 14:21 IST

    Axis Bank raises Rs 12,500 crore through QIP, shares rise over 3.5%

    Axis Bank, India's third-largest private-sector lender, announced that the banks' QIP was oversubscribed with the aggregate final transaction size being Rs. 12,500 crores.

    With a trend reversal, the share price of Axis Bank rose 3.55% to touch an intraday high of Rs 719.55 on the BSE, following the announcement. Axis Bank stock trades higher than 5, 20 and 50-day moving averages but lower than 100 and 200-day moving averages. The Axis Bank stock has outperformed the 'banking sector' by 0.45%, that currently trades 1.25% higher.

    "Pursuant to the powers conferred on the Committee by the Board of Directors of the Bank, at its meeting held on 20th July 2019, the Qualified Institutions Placement of the Bank opened pursuant to the resolution passed by the Committee on 19th September 2019, be and is hereby declared as closed today, on 25th September 2019."

    Axis Bank raises Rs 12,500 crore through QIP, shares rise 3.5%

  • 14:21 IST: Axis Bank, India's third-largest private-sector lender, announced that the banks' QIP was oversubscribed with the aggregate final transaction size being Rs. 12,500 crores.

    With a trend reversal, the share price of Axis Bank rose 3.55% to touch an intraday high of Rs 719.55 on the BSE, following the announcement. Axis Bank stock trades higher than 5, 20 and 50-day moving averages but lower than 100 and 200-day moving averages. The Axis Bank stock has outperformed the 'banking sector' by 0.45%, that currently trades 1.25% higher.

    "Pursuant to the powers conferred on the Committee by the Board of Directors of the Bank, at its meeting held on 20th July 2019, the Qualified Institutions Placement of the Bank opened pursuant to the resolution passed by the Committee on 19th September 2019, be and is hereby declared as closed today, on 25th September 2019."

    Axis Bank raises Rs 12,500 crore through QIP, shares rise 3.5%

  • 13:24 IST

    CG Power gets new chairman, stock rises 5%




    Shares of CG Power and Industrial Solutions 5% to hit a six-week high of Rs 16.04.on Wednesday said that its board has appointed a non-executive independent director Ashish Kumar Guha as its chairman.


    "Ashish Kumar Guha, Non Executive Independent Director of the Company was appointed as the Chairman of the Board of Directors of the Company with effect from September 25, 2019," the company said in a BSE filing after its board meeting.

    CG Power shares rise 5% after board appoints new chairman

     

  • 13:24 IST:


    Shares of CG Power and Industrial Solutions 5% to hit a six-week high of Rs 16.04.on Wednesday said that its board has appointed a non-executive independent director Ashish Kumar Guha as its chairman.


    "Ashish Kumar Guha, Non Executive Independent Director of the Company was appointed as the Chairman of the Board of Directors of the Company with effect from September 25, 2019," the company said in a BSE filing after its board meeting.

    CG Power shares rise 5% after board appoints new chairman

     

  • 12:57 IST

    DIL gets NCLT approval for amalgation with Fermenta Biotech


    DIL Ltd, rose over 4% on Thursday's trading session as the company informed the exchanges about getting NCLT approval for the amalgation of Fermenta Biotech with company.

    The stock price of DIL Ltd rose 4.16% to touch an intraday high of Rs 950 on the BSE.

    "The Board of Directors of the Company has dissolved the Operations Committee and constituted the Special Situation Committee (SSC) comprising Mr. Narayan K. Seshadri, Non Executive Independent Director (Chairman of SSC), Mr. Ashish Kumar Guha, Non Executive Independent Director and Mr. Sudhir Mathur, Whole Time Executive Director as members." the filing said.

    The regualtory statement further added that the broad terms of reference of the SSC is to focus on operational improvement, strategic review of international businesses, capital re-structuring including raising capital and dealing with the regulatory bodies.

     

  • 12:57 IST:
    DIL Ltd, rose over 4% on Thursday's trading session as the company informed the exchanges about getting NCLT approval for the amalgation of Fermenta Biotech with company.

    The stock price of DIL Ltd rose 4.16% to touch an intraday high of Rs 950 on the BSE.

    "The Board of Directors of the Company has dissolved the Operations Committee and constituted the Special Situation Committee (SSC) comprising Mr. Narayan K. Seshadri, Non Executive Independent Director (Chairman of SSC), Mr. Ashish Kumar Guha, Non Executive Independent Director and Mr. Sudhir Mathur, Whole Time Executive Director as members." the filing said.

    The regualtory statement further added that the broad terms of reference of the SSC is to focus on operational improvement, strategic review of international businesses, capital re-structuring including raising capital and dealing with the regulatory bodies.

     

  • 12:42 IST

    Sterlite Technologies acquires 100% stake in Impact Data Solutions Group



    The stock price of Sterlite Technologies (STL) rose 4.2% in the early trade to Rs 162 after the company announced that it has acquired a 100 percent stake in European firm Impact Data Solutions Group. The stock has fallen 11.78% in the last 3 days.

    As per company's BSE filing, Sterlite Global Venture (Mauritius) Limited, a wholly owned subsidiary of STL, has entered into definitive agreements to acquire a 100% stake in Impact Data Solutions Group.

    "The Group, made up of Impact Data Solutions Limited, UK and its affiliate company, provides network infrastructure solutions to hyper-scale data centres and colocation providers. As part of the transaction STL has acquired 80% of the shares of the Group in the first tranche and the balance 20% will be acquired over the next few years on an earn out model," the filing added.

    Although by the afternoon trading session, shares of Sterlite Technologies (STL) pared gains to trade 2.5% lower at Rs 152 on BSE.

  • 12:42 IST:

    The stock price of Sterlite Technologies (STL) rose 4.2% in the early trade to Rs 162 after the company announced that it has acquired a 100 percent stake in European firm Impact Data Solutions Group. The stock has fallen 11.78% in the last 3 days.

    As per company's BSE filing, Sterlite Global Venture (Mauritius) Limited, a wholly owned subsidiary of STL, has entered into definitive agreements to acquire a 100% stake in Impact Data Solutions Group.

    "The Group, made up of Impact Data Solutions Limited, UK and its affiliate company, provides network infrastructure solutions to hyper-scale data centres and colocation providers. As part of the transaction STL has acquired 80% of the shares of the Group in the first tranche and the balance 20% will be acquired over the next few years on an earn out model," the filing added.

    Although by the afternoon trading session, shares of Sterlite Technologies (STL) pared gains to trade 2.5% lower at Rs 152 on BSE.

  • 12:34 IST

    Rupee trades at 70.95 vs dollar

    At the interbank foreign exchange the rupee opened at 70.99, then gained further ground and touched a high of 70.90, registering a rise of 14 paise over its previous close. The domestic unit however could not hold on to the gains and was trading at 70.95 against the dollar at 1008 hrs.

    On Wednesday, rupee had settled for the day marginally down by 3 paise at 71.04 against the US dollar.

     

  • 12:34 IST: At the interbank foreign exchange the rupee opened at 70.99, then gained further ground and touched a high of 70.90, registering a rise of 14 paise over its previous close. The domestic unit however could not hold on to the gains and was trading at 70.95 against the dollar at 1008 hrs.

    On Wednesday, rupee had settled for the day marginally down by 3 paise at 71.04 against the US dollar.

     

  • 12:31 IST

    AstraZeneca Pharma stock 4.5% higher

    Share price of AstraZeneca Pharma rose 4.5% intarday to Rs 2,250 on both the bourses on Thurday after the company announced to the exchanges it has received import and market permission in Form 45 (marketing authorization) from the Drugs Controller General of India.

  • 12:31 IST: Share price of AstraZeneca Pharma rose 4.5% intarday to Rs 2,250 on both the bourses on Thurday after the company announced to the exchanges it has received import and market permission in Form 45 (marketing authorization) from the Drugs Controller General of India.

  • 12:28 IST

    YES Bank hits 52- week low despite lender's plan to raise funds

    YES Bank share price fell for the second straight day even after the private lender said it has received strong interest from investors for raising capital. YES Bank stock fell to its fresh 52-week low and was among the top Sensex losers in an otherwise rising market today. The mid cap stock fell up to 5.31% to Rs 50.85 on BSE.

    "The bank has received strong interest from multiple foreign as well as domestic private equity and strategic investors for this capital raise and remains firmly on course to raising growth capital subject to the necessary approvals, " the bank said.

    YES Bank share price falls to fresh 52-week low despite lender's plan to raise funds

  • 12:28 IST:

    YES Bank share price fell for the second straight day even after the private lender said it has received strong interest from investors for raising capital. YES Bank stock fell to its fresh 52-week low and was among the top Sensex losers in an otherwise rising market today. The mid cap stock fell up to 5.31% to Rs 50.85 on BSE.

    "The bank has received strong interest from multiple foreign as well as domestic private equity and strategic investors for this capital raise and remains firmly on course to raising growth capital subject to the necessary approvals, " the bank said.

    YES Bank share price falls to fresh 52-week low despite lender's plan to raise funds

  • 11:19 IST

    IRCTC IPO opens on Sept 30

    IRCTC has set the price band for its initial public offering at Rs 315-320 per share and the government hopes to raise Rs 635 to Rs 645 crore in this price band. The IPO will open for subscription on September 30 and close on October 3.

    The IPO comprises of an offer for sale of 2 crore shares (representing 12.5 per cent of total paid-up equity) by the Ministry of Railways. There would also be an additional employee reservation portion of 1.6 lakh shares, taking the total offer size to 12.6 per cent of total paid-up equity.

    IRCTC IPO: Railway's ticketing arm to get premium valuation on Dalal Street

  • 11:19 IST:

    IRCTC has set the price band for its initial public offering at Rs 315-320 per share and the government hopes to raise Rs 635 to Rs 645 crore in this price band. The IPO will open for subscription on September 30 and close on October 3.

    The IPO comprises of an offer for sale of 2 crore shares (representing 12.5 per cent of total paid-up equity) by the Ministry of Railways. There would also be an additional employee reservation portion of 1.6 lakh shares, taking the total offer size to 12.6 per cent of total paid-up equity.

    IRCTC IPO: Railway's ticketing arm to get premium valuation on Dalal Street

  • 11:13 IST

    NHPC signs MoU with Himachal Pradesh government

    NHPC stock sees a trend reversal after 2 days of fall and gains 2.19% to the day's high of Rs 23.25 on BSE as the company announced today it has signed MoU with Himachal Pradesh government for project worth Rs 4,112 crore.


    Company' sfiling said," NHPC Limited has signed a Memorandum of Understanding (MoU) with Government of Himachal Pradesh on September 25 for execution of 449 MW Dugar HE Project located in Chamba District, Himachal Pradesh." The estimated present day cost of the project is Rs 4,112 cr.

    As per the filing, the project is a run of the river scheme on Chenab River and is estimated to generate 1610 MUs in a 90% dependable year with 95% machine availability.

  • 11:13 IST: NHPC stock sees a trend reversal after 2 days of fall and gains 2.19% to the day's high of Rs 23.25 on BSE as the company announced today it has signed MoU with Himachal Pradesh government for project worth Rs 4,112 crore.


    Company' sfiling said," NHPC Limited has signed a Memorandum of Understanding (MoU) with Government of Himachal Pradesh on September 25 for execution of 449 MW Dugar HE Project located in Chamba District, Himachal Pradesh." The estimated present day cost of the project is Rs 4,112 cr.

    As per the filing, the project is a run of the river scheme on Chenab River and is estimated to generate 1610 MUs in a 90% dependable year with 95% machine availability.

  • 11:02 IST

    GSK Pharma slips 3% after suspension of sale of ranitidine products



    Shares of GlaxoSmithKline Pharmaceuticals fell 3.5% in the early trade on Thursday as the pharmaceutical firm was contacted by regulatory authorities regarding the detection of genotoxic nitrosamine NOMA in ranitidine products.

    "Based on the information received and correspondence with regulatory authorities, GSK made the decision to suspend the release, distribution and supply of all dose forms of ranitidine hydrochloride products to all markets, including India, as a precautionary action pending the outcome of ongoing tests and investigations," GSK Pharma said in the press release submitted to the exchanges, after market hours.
     
    Reacting to the filing, shares of GlaxoSmithKline formed a gap down chart pattern today at the opening bell and started day's trade 1.35% lower at Rs 1,416 apiece, against the last closing price of Rs 1,435.45 on the BSE. Later the stock price fell 3.51% lower to the intraday low of Rs 1,385. The GSK Pharma stock has overall fallen nearly 5% in the last 2 sessions.

    GSK Pharma share price slips over 3% on suspension of sale of ranitidine products

  • 11:02 IST:

    Shares of GlaxoSmithKline Pharmaceuticals fell 3.5% in the early trade on Thursday as the pharmaceutical firm was contacted by regulatory authorities regarding the detection of genotoxic nitrosamine NOMA in ranitidine products.

    "Based on the information received and correspondence with regulatory authorities, GSK made the decision to suspend the release, distribution and supply of all dose forms of ranitidine hydrochloride products to all markets, including India, as a precautionary action pending the outcome of ongoing tests and investigations," GSK Pharma said in the press release submitted to the exchanges, after market hours.
     
    Reacting to the filing, shares of GlaxoSmithKline formed a gap down chart pattern today at the opening bell and started day's trade 1.35% lower at Rs 1,416 apiece, against the last closing price of Rs 1,435.45 on the BSE. Later the stock price fell 3.51% lower to the intraday low of Rs 1,385. The GSK Pharma stock has overall fallen nearly 5% in the last 2 sessions.

    GSK Pharma share price slips over 3% on suspension of sale of ranitidine products

  • 10:36 IST

    Dilip Buildcon bags order from Coal India's subsidiary in MP






    Dilip Buildcon emerges as the lowest bidder for a project by Coal India's subsidiary worth Rs 2,123 cr in M.P.

    Share price of Dilip Biulcon has risen 3.77% intraday to touch an intraday high of Rs 456 on BSE and currently trades 1.65% higher at Rs 446.

  • 10:36 IST:




    Dilip Buildcon emerges as the lowest bidder for a project by Coal India's subsidiary worth Rs 2,123 cr in M.P.

    Share price of Dilip Biulcon has risen 3.77% intraday to touch an intraday high of Rs 456 on BSE and currently trades 1.65% higher at Rs 446.

  • 10:29 IST

    Market Update

    Indian Indices started the day on bullish note, in line with gains in broader Asia.

    According to traders, domestic investors followed cues from global markets that rallied on reports that US President Donald Trump asserted a trade deal with China could happen sooner than expected.

    Further, experts continue to believe that the recent policy announcements are structurally positive for equities.

    The scenario is expected to improve with the monthly derivative settlement and ahead of the much-awaited RBI policy review meet next week, said Gaurav Dua, Sr VP, Head Capital Market Strategy & Investments, Sharekhan by BNP Paribas



     

  • 10:29 IST: Indian Indices started the day on bullish note, in line with gains in broader Asia.

    According to traders, domestic investors followed cues from global markets that rallied on reports that US President Donald Trump asserted a trade deal with China could happen sooner than expected.

    Further, experts continue to believe that the recent policy announcements are structurally positive for equities.

    The scenario is expected to improve with the monthly derivative settlement and ahead of the much-awaited RBI policy review meet next week, said Gaurav Dua, Sr VP, Head Capital Market Strategy & Investments, Sharekhan by BNP Paribas



     

  • 10:28 IST

    Gold rises after initial fall

    Gold prices traded higher in the futures trade on September 26. Earlier the yellow metal had fell sharply in the previous session amid reports of a potential trade deal between world's largest economies US and China.

     

  • 10:28 IST: Gold prices traded higher in the futures trade on September 26. Earlier the yellow metal had fell sharply in the previous session amid reports of a potential trade deal between world's largest economies US and China.

     

  • 10:27 IST

    Global Market Update

    Global markets rallied on reports that US President Donald Trump asserted a trade deal with China could happen sooner than expected.

    Trump said on Wednesday a deal to end a nearly 15-month trade war with China "could happen sooner" than people think, which would remove a huge shadow over the global economic outlook.

    Asian stocks rose on Thursday and MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.13%. Bourses in Hong Kong, Tokyo and Seoul were trading significantly higher in their respective late morning sessions, while Shanghai Composite Index was trading on a negative note.

    Shares on Wall Street ended in the green on Wednesday.

  • 10:27 IST: Global markets rallied on reports that US President Donald Trump asserted a trade deal with China could happen sooner than expected.

    Trump said on Wednesday a deal to end a nearly 15-month trade war with China "could happen sooner" than people think, which would remove a huge shadow over the global economic outlook.

    Asian stocks rose on Thursday and MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.13%. Bourses in Hong Kong, Tokyo and Seoul were trading significantly higher in their respective late morning sessions, while Shanghai Composite Index was trading on a negative note.

    Shares on Wall Street ended in the green on Wednesday.

  • 10:24 IST

    Sector update

    Auto stocks led gains on the NSE Nifty, with the sector’s subindex rising about 1%. India’s biggest auto maker by market cap Maruti Suzuki was up 2.23%. It was followed bu gains in Banking and CPSE scrips.

     

  • 10:24 IST: Auto stocks led gains on the NSE Nifty, with the sector’s subindex rising about 1%. India’s biggest auto maker by market cap Maruti Suzuki was up 2.23%. It was followed bu gains in Banking and CPSE scrips.

     

  • 10:23 IST

    Oil price stable today, petrol/diesel stays unchanged today

    Global oil benchmark Brent crude rose 0.10 per cent to 62.45 per barrel (intra-day). Favourable oil prices also moved marketing companies. Indian Oil Corp rose 2.88%, while Hindustan Petroleum Corp was up 3.8%.

    Petrol and diesel prices remained unchanged at Rs 74.13 per litre and Rs 67.07 per litre today at the national capital.


     

  • 10:23 IST: Global oil benchmark Brent crude rose 0.10 per cent to 62.45 per barrel (intra-day). Favourable oil prices also moved marketing companies. Indian Oil Corp rose 2.88%, while Hindustan Petroleum Corp was up 3.8%.

    Petrol and diesel prices remained unchanged at Rs 74.13 per litre and Rs 67.07 per litre today at the national capital.


     

  • 10:21 IST

    Market viewpoint: Expert opinion



    “After correcting, markets have rebounded aided by the positive global cues,” said Deepak Jasani, head of retail research at HDFC Securities. “However, markets may consolidate, rather than pick a trend in either direction for the next couple of sessions.”

  • 10:21 IST:

    “After correcting, markets have rebounded aided by the positive global cues,” said Deepak Jasani, head of retail research at HDFC Securities. “However, markets may consolidate, rather than pick a trend in either direction for the next couple of sessions.”

  • 10:20 IST

    S&P Sensex gainers/losers


    Top gainers in the Sensex pack in early trade included ICICI Bank, IndusInd Bank, Kotak Bank, L&T, M&M, Bajaj Finance, ONGC, Tata Steel, Maruti, Bharti Airtel, Tech Mahindra and Asian Paints, surging up to 3 per cent.

    On the other hand, Yes Bank, HCL Tech, SBI, Infosys, HDFC, PowerGrid, ITC, Sun Pharma and TCS fell up to 3 per cent.

  • 10:20 IST:
    Top gainers in the Sensex pack in early trade included ICICI Bank, IndusInd Bank, Kotak Bank, L&T, M&M, Bajaj Finance, ONGC, Tata Steel, Maruti, Bharti Airtel, Tech Mahindra and Asian Paints, surging up to 3 per cent.

    On the other hand, Yes Bank, HCL Tech, SBI, Infosys, HDFC, PowerGrid, ITC, Sun Pharma and TCS fell up to 3 per cent.

  • 10:07 IST

    Rupee opens flat




    Rupee, the domestic unit, opened flat at of 71.02 against the dollar compared to yesterday's close of 71.03 per American currency.

  • 10:07 IST:


    Rupee, the domestic unit, opened flat at of 71.02 against the dollar compared to yesterday's close of 71.03 per American currency.

  • 10:04 IST

    Gainers/ Losers



    ICICI Bank (2.72%), IndusInd Bank (2.72%) and Kotak Bank (1.29%) were the top Sensex gainers.

     

    Top Sensex losers were YES Bank (2.89%), HCL Tech (1.19%) and PowerGrid (0.03%).

  • 10:04 IST:

    ICICI Bank (2.72%), IndusInd Bank (2.72%) and Kotak Bank (1.29%) were the top Sensex gainers.

     

    Top Sensex losers were YES Bank (2.89%), HCL Tech (1.19%) and PowerGrid (0.03%).

  • 10:03 IST

    Opening Session

    Sensex Today: Benchmark indices Sensex and Nifty started on a positive note ahead of derivatives expiry today. While Sensex rallied over 350 points to 38,947 in early trade, Nifty climbed 115 points to 11,556. Banking and BSE capital goods stocks led the gains with their indices rising 503 points and 223 points, respectively.Market breadth was positive with 1030 stocks trading higher compared to 449 falling on the BSE. 

  • 10:03 IST: Sensex Today: Benchmark indices Sensex and Nifty started on a positive note ahead of derivatives expiry today. While Sensex rallied over 350 points to 38,947 in early trade, Nifty climbed 115 points to 11,556. Banking and BSE capital goods stocks led the gains with their indices rising 503 points and 223 points, respectively.Market breadth was positive with 1030 stocks trading higher compared to 449 falling on the BSE. 

  • 10:03 IST

    FII/DII

    On a net basis, foreign portfolio investors (FPIs) sold shares worth a net of Rs 342 crore on Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 762.48 crore, provisional data available with BSE showed.

     

  • 10:03 IST: On a net basis, foreign portfolio investors (FPIs) sold shares worth a net of Rs 342 crore on Wednesday, and domestic institutional investors (DIIs) were net sellers to the tune of Rs 762.48 crore, provisional data available with BSE showed.

     

  • 10:03 IST

    Last closing session


    On Wednesday, equity indices fell over 1% a day ahead of F&O expiry, dragged by losses in banking and auto stocks amid negative global cues and foreign fund outflow. While Sensex closed 503 points lower at 38,593, Nifty ended the day's trade at 11,440 mark, declining by 148 points. On the sectoral front, except energy and IT, all other indices ended lower, with major declines recorded in banks, auto, metal, pharma, infra and FMCG. According to traders, domestic equities traded on a weak note tracking negative news from global markets. Meanwhile, domestic investor sentiment was also weighed down after the Asian Development Bank on Wednesday sharply cut India's growth forecast to 6.5 per cent for the current fiscal.

    Sensex Today: Sensex tanks 503 points, Nifty ends at 11,440 mark ahead of F&O expiry
     

  • 10:03 IST:
    On Wednesday, equity indices fell over 1% a day ahead of F&O expiry, dragged by losses in banking and auto stocks amid negative global cues and foreign fund outflow. While Sensex closed 503 points lower at 38,593, Nifty ended the day's trade at 11,440 mark, declining by 148 points. On the sectoral front, except energy and IT, all other indices ended lower, with major declines recorded in banks, auto, metal, pharma, infra and FMCG. According to traders, domestic equities traded on a weak note tracking negative news from global markets. Meanwhile, domestic investor sentiment was also weighed down after the Asian Development Bank on Wednesday sharply cut India's growth forecast to 6.5 per cent for the current fiscal.

    Sensex Today: Sensex tanks 503 points, Nifty ends at 11,440 mark ahead of F&O expiry