Opening Bell – Markets open flat


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 0.12% as geopolitical tensions weighed, although the index was off lows touched earlier in the session. Greater China markets were moderately lower. Hong Kong's Hang Seng Index was off 0.16% in early trade. Shanghai Composite edged down 0.03% and the Shenzhen Composite lost 0.27%.


Comments

Post a Comment

Popular posts from this blog

Top stocks in focus today: SBI, L&T, Bharat Fin, ONGC, Infosys, HDFC

Image
Ashok Leyland: Is looking at investing 4-5 bln rupees in its electric vehicle business over the next three to five years, Managing director Vinod Dasari said. Au Small Finance Bank: Has signed a three-year pact with Small Industries Development Bank of India to fund term  loan  proposals worth 2.5-20.0 mln rupees related to micro, small and medium enterprises. Bajaj Hindusthan Sugar: Board has approved the conversion of its  loan s from lenders into optionally convertible debentures or optionally convertible preference shares, under the Reserve Bank of India's scheme for sustainable structuring of stressed assets. Bharti Airtel: LPG subsidy recipients who had Airtel Payments Bank accounts were not getting their share of subsidy for the past few weeks, according to the Ministry of Petroleum and Natural Gas. Cadila Healthcare: Has received an approval from the US Food and Drug Administration to market Tamoxifen Citrate tablets USP in 10-mg, 20-mg strength. Cl
Read more

Live Stock Market Updates - Nifty, Sensex close to their morning highs; United Spirits gains by 16%

Image
Nifty and Sensex trading close to their morning highs as Pharma, FMCG and Auto Index pose strong gains. Pharma stocks up by 2.5%, lead by strong gains of Sun Pharma, Cipla, and Aurobindo Pharma, while Tata Motors lead the Auto Index. At 12:49 PM, the S&P BSE Sensex is trading at 33,276, up by 128 points, while NSE Nifty is trading at 10,355, up by 12 points. The BSE Mid-cap Index is trading up by 0.6% at 16,432 whereas BSE Small-cap Index is trading up by 0.58% at 17,356. Adani Ports, Sun Pharma, ITC, Bajaj Finance and Tata Motors are among the gainers, whereas YES Bank, Infratel, Bharti Airtel, Indian Oil and HPCL are losing steam on NSE. Some buying seen in Basic Materials, Healthcare, Industrials, Auto, Utilities, and Capital Goods,  while Energy, Telecom, Bank, and Oil & Gas sectors show weakness on the BSE. The INDIA VIX is down by 2.1% at 11.37. Out of 1,972 stocks traded on the NSE, 1,007 advanced, 633 declined, and 332 remained unchanged tod
Read more

Sensex, Nifty trade weak ahead of Gujarat exit polls; TCS, Wipro top losers

Image
Benchmark indices mildly recover after sharp fall, as investors eagerly awaited exit polls results later today after the end of second phase of Gujarat Assembly elections. The Sensex languished below the 33,000 level after skidding below that level in mid-morning trade. At 1:28 PM, the BSE Sensex was trading at 33,050, slipping 3 points, while the broader Nifty50 index was trading at 10,181, down 12 points. The selling pressure was broad-based, as the BSE Midcap Index fell 0.29% and the BSE Smallcap Index declined 0.28%. On the economy front, India's inflation based on the wholesale price index, stood at 3.93% for the month of November 2017, as compared to 3.59% for the previous month and 1.82% during the corresponding month of the previous year. Power, Consumer Durables, Utilities, IT and Industrial Index were the top losers on the BSE, while Pharma, Oil and Gas, Energy, Auto and Telecom were the top gainers. Capital goods stocks declined. BEML (-1.42%), Siemens (-1.18%), T
Read more