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Showing posts from September, 2017

Top losers on September 29

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Nifty closed at 9,788 levels up 19 points or 0.20% and BSE Sensex closed flat at 31,283 levels marginally up by 1 point in Friday's trade. Broader market indices ended in the positive zone wherein BSE Midcap index gained 0.83% at Rs 15,436 level and BSE Small Cap index gained 1.09% at 16,113 levels.  There were 1,077 advances, 569 declines and 317 unchanged stocks on NSE, reflecting a positive undertone floating in the market.  IRB Infrastructure Developers closed at Rs 213.15 per share, lower by 4.37% on BSE on Friday. The stock had hit an intraday high of Rs 218.60 per share and an intraday low of Rs 212.25 per share, trading in negative territory throughout the day. The stock had hit its 52-week high of Rs 272.40 per share on May 3, 2017 and its 52-week low of Rs 177.50 per share on November 23, 2016 on BSE.   Reliance Communications closed at Rs 19.20 per share, lower by 3.52% on BSE. The stock had hit its intraday high of Rs 20.45 per share and an int

Top gainers on Friday

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Nifty closed at 9,788 levels up 19 points or 0.20% and BSE Sensex closed flat at 31,283 levels marginally up by 1 point.  Broader market indices ended Friday’s trade in positive zone wherein BSE Midcap index gained 0.83% at Rs 15,436 level and BSE Small Cap index gained 1.09% at 16,113 levels.  There were 1077 advances, 569 declines and 317 unchanged stocks on NSE reflecting a positive undertone floating in the market.   Bombay Burmah Trading Corp closed at Rs 1287.80 per share, higher by 9% on BSE on Friday. The stock had hit an intraday high of Rs 1180 per share and an intraday low of Rs 1338.45 per share on BSE in Friday’s trade. The stock had hit its 52 week high of Rs 1338.45 per share on BSE on Friday.     Jaiprakash Associates closed at Rs 18 per share, higher by 8.43% on BSE on Friday. The stock had hit its intraday high of Rs 18.45 per share and an intraday low of Rs 16.95 per share on BSE in Friday’s trade. The stock has been in focus for past several

Ganesh Benzoplast hits record high

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The stock of Ganesh Benzoplast was roaring on the bourses as the stock galloped over 19% to hit a record high. It traded at a new 52-week high value of Rs 98 on the BSE during Friday’s trade. The stock witnessed a spurt in volume by more than 3.18 times. Ganesh Benzoplast informed in a BSE filing that it has won a case filed u/s 138 of the Negotiable Instruments Act, 1881, against Pan Asia Industries Limited, for recovery of outstanding dues of Rs 5.50 crore plus interest. The Hon'ble M. M. 33rd Ballard Pier Court passed an order directing Pan Asia Industries Limited ('the defaulter') to pay a sum of Rs 9.00 crore to Ganesh Benzoplast Limited, it added. The stock of Ganesh Benzoplast was trading at Rs 96.50 per share, up by Rs 14.25 or 17.33% as at 1417 hours on Friday, on the BSE. Ganesh Benzoplast is engaged in the manufacture, export and import of a range of specialty chemicals, food preservatives and industrial lubricants. The company also provi

Manpasand Beverages approves 1:1 bonus issue

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Stakeholder Grievance Committee, duly authorised by the board of directors of the Manpasand Beverages at its meeting held on Friday has approved the allotment of 5,72,16,198 equity shares of Rs 10 each as fully paid-up bonus shares in the ratio of 1:1 that is one equity share of Rs 10 each for every one fully paid-up equity share of Rs 10 each held. The record date for the bonus issue is scheduled on September 28, 2017. As a result, total share capital of the company increased to 11,44,32,396 equity shares of Rs 10 each aggregating to Rs 114,43,23,960. The stock of the Manpasand Beverages was trading marginally lower by 0.99% or Rs 4.7 per share at Rs 470 per share. Meanwhile, Nifty was trading higher by 63 points to 9,832 level while Sensex was trading higher by 186 points at 31,469 level. India VIX was lower by 7.02% at 12.24 level. Click Here For Free Trial :

SBI, BoB lower base rates

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The State Bank of India and Bank of Baroda have lowered their base rates. Andhra Bank had earlier lowered the base rates. SBI has cut base rate by 5 basis points to 8.95%, a move that is likely to benefit a substantial number of bank’s borrower. The new rates will be effective from October 1. While the Bank of Baroda has reduced base rate from 9.50% to 9.15%. State Bank of India was trading at Rs 254.40 per share, up by Rs 1.60 or 0.63% as at 1204 hours on Friday, on the BSE. The stock hit an intraday high and low of Rs 255.60 and Rs 253.60, respectively. It attracted a traded volume of 33,18,513 shares and traded value of Rs 8,449.27 lakh on the NSE. Meanwhile, Bank of Baroda was trading at Rs 140.30 per share, up by Rs 1.40 or 1.01%. It hit an intraday high and low of Rs 140.75 and Rs 138.75, respectively. The stock attracted a traded volume of 31,62,019 shares and trade value of Rs 4,414.49 lakh on the NSE.   Click Here For Free Trial :        

Top losers on Thursday

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Nifty ended at 9,768 level, up by 33 points, while Sensex closed at 31,282 level, up by 122 points on Thursday. There were 998 advances, 631 declines and 335 unchanged stocks on NSE. India VIX ended lower by 4.34% at 13.26 level. In the broader markets, BSE Mid-cap index closed at 15,302 level, up by 110 points, while BSE Small-cap index closed at 15,946 level, up by 148 points. Bank Nifty ended at 24,031 level, up by 218 points or 0.92%. Bombay Dyeing closed at Rs 168.45 per share, lower by 4.99% on BSE on Thursday. The stock hit an intraday high of Rs 175.80 per share and an intraday low of Rs 168.45 per share on BSE. The stock also breached its lower circuit Rs 168.45 per share on BSE during Thursday’s trade, for the fourth consecutive trade session.     Future Retail closed at Rs 509 per share, lower by 3.79% on BSE on Thursday. The stock hit an intraday high of Rs 529 per share and an intraday low of Rs 500.20 per share on BSE. The stock had hit its 52 we

Stocks close to their 52-w high on Thursday

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Benchmark index BSE Sensex is trading at 31,115.27, down by 44.54 points or 0.14%; while Nifty is trading at 9711.70, down by 24.05 points or 0.25% on Thursday. Following stocks are close to their 52-week high on the NSE as at 1.05 pm on September 28: - Company Name Last traded price (LTP) (Rs) 52 – W High (Rs) % to 52-W High AIFL 518.30 520.95 0.51 SANGHIIND 98.60 99.40 0.81 RAJESHEXP 802.60 815 1.54 GILLETTE 5469.25 5554 1.55 While the BSE Mid-Cap index is trading up by 0.36% at 15,247.31; and BSE Small-cap Index is trading up by 0.39% at 15,858.71.   Click Here For Free Trial :        

Bharat Electronics turns ex-bonus

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Shares of Bharat Electronics were trading positive after being ex-bonus issue on Thursday. F&O lot size revised to 4,950. Bharat Electronics has approved the proposal for issue of bonus shares to the existing shareholders of the company in the ratio of 1:10. The stock of Bharat Electronics was trading up by 2.36% at Rs 165 per share on BSE at 1011 hours. The stock opened at Rs 166 per share. The stock touched its intraday high and low at Rs 166 and Rs 162.75 per share, respectively. The stock has attracted a total traded volume of 13,68,453 shares and traded value of Rs 13,68,453 lakh on NSE at 1013 hours. Its adjusted 52-week high stood at Rs 181.07 per share as on September 13, 2017 and adjusted 52-week low was at Rs 109.5 per share as on November 9, 2016.  Click Here For Free Trial :

Opening Bell - Markets open slightly higher

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At 09:15 AM, Nifty opened at 9,736 level, up by 1 point while Sensex opened at 31,216 level, up by 57 points. There are 871 advances, 513 declines and 446 unchanged stocks on NSE reflecting mixed sentiments floating in the market. Bharti Airtel is the top Nifty gainer, trading at Rs 388.1 per share, up by 0.56% whereas IOC is the top Nifty loser, trading at Rs 390.6 per share, down by 1.28%. Nifty has support placed around the level of 9,685, and if this support is breached, the next support is seen around 9,630 and 9,600 levels. On the upside, 9,800 is likely to act as a stiff resistance level. Rupee opened at 65.78 per US Dollar. However, it had ended at 65.71 against the dollar, its lowest closing level since March 14. The tech-laden Nasdaq Composite Index outperformed its counterparts as it jumped 73 points to finish at 6,453. The Dow Jones gained 56 points to close at 22,341 and the S&P 500 rose 10 points to end at 2,507.   Asian markets are mostly trad

Crude Oil enters bull market territory, Bullions trade sideways after correction

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Crude Oil broke the important resistance levels of 3,420 and prices rallied up till 3,450 levels after the forecast of US oil inventories unexpectedly declined amid threats from Turkey to cut crude exports from Iraq. Intermediate resistance for Crude Oil can be seen near 3,450 levels, above the mentioned level prices can touch 350 levels. Overall, trend is bullish for prices as Crude is trading well above the 200days SMA. Trend reversal can be seen only below 3,470 levels. Gold prices extended losses from the prior session as sentiments turned negative for the Bullions after hawkish comments from Federal Reserve Chair Janet Yellen boosted expectations of a December rate hike. Intermediate support can be seen near 29,700 and resistance can be seen near 29,950 levels. Trade can be initiated only above or below the mentioned levels.  Click Here For Free Trial :

Markets extend losses as army conducts surgical strike attack at Indo-Mynamar border

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Indian army has conducted a surgical strike at a Naga insurgent camp at Indo-Mynamar border, reported a leading news agency. The army reported that there were no casualties on the Indian side. Nifty index has been slipping in the Wednesday’s trading session. Markets has grappled with the negative sentiments. Nifty index is down by more than 100 points in the second trading half of the Wednesday’s trade. As of 1433 hours, the 50-stocks index has touched intraday low of 9,747 level. BSE Mid-cap index was trading lower by 1.45% at 15,274 level while BSE Small-cap index was trading lower by 1.51% at 15,892 level. Bank Nifty index was trading lower by 1.48% or 358 points to 23,841 level. Among 50 constituents of Nifty, there are 42 declines and 9 advances showing strong negative undertone in the market. India VIX was trading higher by 6.13% at 13.72 level. A year ago, Indian army sneaked across the Line of Control in the night, entered territory under Pakistan’s cont

Cyient falls after block deal

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Cyient Limited traded lower on bourses by 7.78% at Rs 484.80 per share on NSE at 1319 hours post block deal.     The stock has traded 1.4 crore shares worth Rs 654 crore in a block at an average price of Rs 475.15-480.70 per share on the NSE.   Block deal is a single transaction, of a minimum quantity of five lakh shares or a minimum value of Rs 5 crore, between two parties which are mostly institutional players. The transaction happens through a separate trading window.   Meanwhile, the stock on NSE attracted a total traded volume of  1,49,69,754  shares and a traded value of Rs  71,238.07     lakh. The company had hit its intraday high of Rs 531.85 per share and an intraday low of Rs 474 per share on NSE. The company had hit its 52 week high of Rs 564.90 per share on May 2, 2017 and its 52 week low of Rs 405 per share on November 9, 2016 on NSE, respectively.    Cyient Limited, erstwhile Infotech Enterprises Limited, provides software-enabled engineering

Oil prices slip after a steep rally

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Oil prices dipped on Wednesday’s trade after Brent Crude hit a 26 month high during a rally fuelled by Turkey’s threat to cut crude exports from Iraq’s Kurdistan region as well as signs that market rebalancing is accelerating. Brent crude futures fell 79 cents, or 1.3%, to USD 58.23 a barrel by 2:24 p.m. ET (1824 GMT), having earlier hit USD 59.49, the highest since July 2015 and more than 34% above the 2017 low. US crude WTI futures ended Tuesday's trade down 34 cents at USD 51.88 a barrel, after hitting a five-month high of USD 52.43 a barrel. Turkish President Tayyip Erdogan threatened on Monday to cut off the pipeline that carries 500,000-600,000 barrels of crude per day from northern Iraq to the Turkish port of Ceyhan, intensifying pressure on the Kurdish autonomous region over its independence referendum. The US Energy Information Administration said that production from wells in shale formations will rise for a 10th month in a row in October.

Nifty & Sensex end flat on Tuesday

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Nifty ended at 9,871 level, down by 1 point, while Sensex closed at 31,599 level, down by 26 points on Tuesday. The 50-stocks index lost 60 points to touch its intraday low of 9,813. However, the index started recovering in the afternoon hours and managed to end above the important mark of 9,850.     Bulls were dominating the markets in the Tuesday’s trading session. There were 1,029 advances, 622 declines and 315 unchanged stocks on NSE. India VIX ended lower by 1.53% at 13.13 level. HDFC twins, TCS and Hindustan Unilever contributed the most to the weakness of major benchmark indices. In the broader markets, BSE Mid-cap index closed at 15,500 level, up by 67 points while BSE Small-cap index closed at 16,136 level, up by 173 points. Bank Nifty ended at 24,199 level, up by 34 points or 0.14%. Axis Bank was the top gainer in the index closing at Rs 512.7 per share, up by Rs 11 per share or 2.19%. Nifty Realty index was the top gainer among the sect

Vista Pharma submits ANDA to USFDA for cardiac drug

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Vista Pharmaceuticals informed that the company has submitted an Abbreviated New Drug Application (ANDA) to USFDA on September 25, 2017 for a cardiac drug. This project is partnered with a US-based company, said Vista Pharmaceuticals in a BSE filing on Tuesday. The stock of Vista Pharmaceuticals was buzzing on the bourses as it soared nearly 5% intraday. It was trading at Rs 52.55 per share, up by Rs 1.40 or 2.79% as at 1418 hours on Tuesday, on the BSE. The stock hit an intraday high and low of Rs 52.60 and Rs 49.15, respectively. Vista Pharmaceuticals traded on a new 52-week high value of Rs 52.60 during Tuesday’s trade on the BSE. The stock had hit its 52-week low of Rs 15.50 on November 22, 2016, on the BSE. Vista Pharmaceuticals Limited is engaged in manufacturing and selling of pharmaceutical, medical and veterinary preparations. The company also sells the products to its related companies, which are engaged in the manufacture of formulations. Click H

Chennai Petroleum Corporation to set up refinery at Nagapattinam

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The board of directors of Chennai Petroleum Corporation recommended the proposal for setting up a new refinery at an estimated cost of Rs 27,460 crore subject to the approval of board of directors of Indian Oil Corporation Limited (IOCL), the holding company of CPCL. Subsequently, the board of directors of IOCL has accorded in-principle approval for setting up a new 9 million tons per annum (MMTPA) refinery at Cauvery Basin, Nagapattinam at an estimated cost of Rs 27,460 crore and for carrying out pre-project activities. The final approval of the project would be obtained after preparation of Detailed Feasibility Report of the project. Meanwhile, the stock gained 0.63% at Rs 412.05 per share on BSE. The stock on yearly basis has given 35.56% returns and has outperformed BSE Midcap index and BSE Oil & Gas index. The stock on NSE attracted a total traded volume of 1,78,985 shares and a traded value of Rs 740.96 lakh. Chennai Petroleum Corporation Limited (CPC

Opening Bell – Markets open flat

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At 09:15 AM, Nifty opened at 9,875 level, up by 3 points and Sensex opened at 31,685 level, up by 59 points. There are 836 advances, 590 declines and 496 unchanged stocks on NSE reflecting positive sentiments floating in the market. ONGC is the top Nifty gainer, trading at Rs 168.50 per share, up by 2.25% whereas Asian Paints is the top Nifty loser, trading at Rs 1184.65 per share, down by 1.03%. Nifty finds support around 9758 which is the 100 DMA (day moving average) while 9950 will act as strong resistance on the upside. Bank Nifty also finds support around 23850 which is the 100 DMA while 24250 will act as resistance on the upside. On Monday, the Dow Jones industrial average closed 53.50 points lower, or 0.24%, at 22,296.09. Information technology had its worst day since August 17, falling 1.4% as the greatest decliner in the S&P 500, which declined 5.56 points to 2,496.66. Japan's Nikkei 225 sank 0.28%. Across the Korean Strait, the Kospi declined

Visa Steel stock jumps 12%, co to raise FII, NRI invest limit

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Visa Steel announced on Monday that the company will be raising its FII and NRI investment limit, on the back of which the share prices of the company sharply rose by nearly 13% in Monday’s trade.   Visa Steel hit an intraday high of Rs 20.60 per share and an intraday low of Rs 18.30 per share on BSE on Monday. The stock had hit its 52 week high of Rs 30.20 per share on May 4, 2017 and its 52 week high of Rs 14 per share on September 29, 2016 on BSE, respectively. At 1449 hours, Visa Steel was trading at Rs 19.60 per share, higher by 12.97% on BSE on Monday. Meanwhile, S&P BSE Sensex was trading at 31,610.20 level, down by 312.24 points or 0.98% and NSE Nifty 50 was trading at 9,865.45 level, down by 98.95 points or 0.99% at the same time on Monday.   Visa Steel engages in businesses related to mineral, metal and energy. The company manufactures iron and steel products, special steel, ferro chrome and coke.      Click Here For Free Trial :

Stocks close to their 52-w low on Monday

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  Benchmark index BSE Sensex is trading at 31,571.70, down by 350.74 points or 1.10%; while Nifty is trading at 9848.10, down by 116.30 points or 1.17% on Monday. Following stocks are close to their 52-week low on the NSE as at 1.10 pm on September 25: -       Company Name Last traded price (LTP) (Rs) 52 – W low (Rs) % to 52-W Low PSB 45.90 45.80 0.22 RESPONIND 39 38.90 0.26 GEEKAYWIR 33.25 33.10 0.45 PONNIEROD 167 166 0.60 While the BSE Mid-Cap index is trading down by 1.52% at 15,371.91; and BSE Small-cap Index is trading down by 2.23% at 15,930.08.   Click Here For Free Trial :    

Live Stock Market Updates: Markets turn volatile; Nifty off day's low

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Nifty is off from its day’s low of 9,836. However, the index is still trading below 9,890 mark. Nifty Realty index is top loser among the sectoral indices on NSE trading lower by 2.42% at 266.35 level. Unitech Limited is top loser in the index trading at Rs 6.5 per share, down by 6.47%. Other real estate stocks including Indiabulls Real estate, Phoenix, Delta Corporation, HDIL and Prestige are also trading in negative territory, down by up to 4%. Bank Nifty index has also moved up from its day’s low to trade at 24,118 level, down by 1.03%. There are 169 advances, 1,446 declines and 356 unchanged stocks on NSE reflecting strong negative sentiments floating in the market. At 11 AM, the S&P BSE Sensex is trading at 31,690 down by 214 points, while Nifty is trading at 9,879 down by 84 points. A total of 17 stocks registered a fresh 52-week high in trade today, while 47 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading down by 1.86% a

Opening Bell – Markets open in negative terrain

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At 09:15 AM, Nifty opened at 10,094 level, down by 157 points while Sensex opened at 31,986 level, down by 136 points. There are 641 advances, 768 declines and 506 unchanged stocks on NSE reflecting mixed sentiments floating in the market. Tata Power Company is the top Nifty gainer, trading at Rs 81.70 per share, up by 1.62% whereas Lupin is the top Nifty loser, trading at Rs 1002.05 per share, down by 1.22%. Nifty50 has strong support placed in the region of 9,900-9,920, however, breaching this support level may open up for further correction up to levels of 9,850. On the flip side, the level of 10,000-10,040 may act as stiff resistance zone now. The rupee opened at 64.81 per USD. Friday turned out to be a mixed day for the US stocks with Nasdaq and the S&P 500 index logging minor gains.  The Dow Jones Industrial Average ended the session lower by 10 points to 22,350. The Nasdaq Composite Index gained 4 points at 6,427 and the S&P 500 inched up 2 point

Oil prices hover near highest levels

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Oil prices rose on Friday, trading near the highest levels in months as major producers may wait until January before deciding whether to extend their output curbs beyond the first quarter. Russia's energy minister said no decision was expected before January, although other ministers suggested such a decision could be taken before the end of this year. US West Texas Intermediate (WTI) crude futures ended Friday's session 11 cents higher at USD 50.66 per barrel, the highest settle since May 24. The contract was up about 1.5% on the week, marking the third straight weekly gain. International benchmark Brent crude futures rose 38 cents to USD 56.81 a barrel at by 2:18 p.m. ET (1818 GMT). The contract earlier hit USD 56.87, the highest intraday level since March 1. Oil prices have gained more than 15% in the last three months, suggesting output cuts of 1.8 million barrels per day by OPEC and other producers have helped clear the global crude glut. Rising g

Aviation Newsletter - September 18 to September 22, 2017

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The Airports Authority of India (AAI) will undertake new development works at Lucknow, Deoghar, Rajkot and Allahabad airports. The objective is to improve and develop airport infrastructure to meet growing traffic demands, said an Aviation Ministry release. AAI plans to construct new integrated passenger terminal building at Chaudhary Charan Singh International Airport, Lucknow at an estimated cost of Rs 1,230 crore. Passenger traffic at this airport has grown steadily during the last 5 years. The new terminal will be able to handle 4,000 passengers during peak hour and 6.35 million passengers per annum. At Deoghar in Jharkhand, AAI will develop the airport to facilitate joint use for civil operation up to Airbus-320 and DRDO operation up to C-130 type of aircraft. The work will be carried out at an estimated cost of Rs 401.34 crore on fixed cost basis and Rs 427.43 crore on completion cost basis. An MoU was signed between the Government of Jharkhand, DRDO and AA

European stocks end mixed after UK's prime minister speech on Brexit

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Markets in Europe close mixed on Friday’s trade as investors digested a key speech from the UK’s Prime Minister on Brexit. The pan-European Stoxx 600 closed flat, up just 0.05% provisionally, with sectors moving in different directions. The UK's FTSE 100 jumped 0.6% following a speech from Prime Minister May which gave little detail on how she wants a Brexit transition period to work. Sterling fell against the dollar on the speech, potentially boosting revenues at large U.K firms that deal in dollars. In terms of data, French Q2 gross domestic product rose 0.5% from the previous quarter, on higher consumer spending. Corporate profit margins also increased slightly during the three-month period. French flash PMIs (Purchasing Managers' Index) also showed Friday that both services and manufacturing activities increased in August to their highest level since May 2011. Meanwhile, IHS Markit figures for the euro zone showed private businesses growing stronger i

Opening Bell - Markets open lower

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  At 09:15 AM, Nifty opened at 10,094 level, down by 27 points while Sensex opened at 32,339 level, down by points. There are 402 advances, 1047 declines and 469 unchanged stocks on NSE reflecting strong negative sentiments floating in the market. Bharti Infratel is top Nifty gainer, trading at Rs 391.8 per share, up by 1.07% whereas Hindalco is top Nifty loser, trading at Rs 238.7 per share, down by 2.39%. Nifty50 index has support placed in the region of 10,080 and 10,040. On the other hand, further upside is expected once the Nifty index sustains above the levels of 10,175-10,180. The rupee opened at 64.80 per USD. It has been hovering at its lowest level against the US Dollar since April 5. The US stock markets ended lower on Thursday, with the Dow Jones Industrial Average snapping a nine-day winning streak. The Dow Jones closed at 22,359 with loss of 53 points. The S&P 500 shed 8 points to end at 2,501. The tech-heavy Nasdaq Composite Index slip

Top gainers on Thursday

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Nifty ended at 10,121 level, down by 19 points, while Sensex closed at 32,370 level, down by 30 points. There were 576 advances, 1,083 declines and 301 unchanged stocks on NSE, reflecting strong negative sentiments floating in the market.   In the broader markets, BSE Mid-cap index closed at 16,044 level, down by 0.34% while BSE Small-cap index closed at 16,784 level, down by 0.51%. IPCA Laboratories surged over 16% in Thursday ’ s trade. The stock hit an intraday high of Rs 584.90 per share and an intraday low of Rs 495 per share on the BSE.      Dr Reddy’s Laboratories witnessed a sharp upward momentum during Thursday’s trade on the BSE. The stock extended its intraday gains to trade up by over 7%. It also witnessed a spurt in volume by more than 4.15 times. The following is the list of top gainers on Thursday:    Security LTP (Rs) Change % Change IPCA Laboratories 5