Sensex rallies over 170 points, Nifty hits at 10,480

share market up Benchmark indices were trading marginally higher on fresh spell of buying after new data indicated to steady growth in the U.S economy. The shares of Tata Motors, L&T and ONGC rose, while the shares of Coal India and Power Grid fell.

The BSE index Sensex was up 178.85 points at 33,935.13 and the NSE index Nifty 50 index was up 42.60 points at 10,482.90 in later morning hours.

Top five Sensex gainers include stocks of ONGC, Maruti, Bharti Airtel, M&M and Tata Motors, while the major losers were Coal India, Hero MotoCorp, Bajaj Auto and IndusInd Bank.

Shares of oil companies such as ONGC rose 2.13%, GAIL India rose 1.09% and Castrol India rose 0.91% were trading up in later morning hours, keeping the BSE Oil and Gas index in the green zone. On the other hand, shares of BPCL (Bharat Petroleum Corporation) down 0.33% during the time. 

The Indian domestic currency rupee on Friday opened little changed versus the U.S dollar. It rupee was trading at 64.05 per dollar, up 0.02 percent from its last day’s close of 64.06. The Ten-year bond yield was at 7.210 percent, compared to its last close of 7.214%.

Sensex jumps 146 points as Modi led BJP won the assembly election in Gujarat & H.P

stock market highKey indices edged higher on Tuesday after Narendra Modi led BJP won the assembly election in Gujarat and Himachal Pradesh. BSE Sensex gained 98.08 points to open at 33,699.76 whereas NSE Nifty jumped 30.65 points to begin at 10,419.40 in late morning hours. Shares of Tata Motors, Hero MotoCorp, Coal India, and ONGC were the top gainers in the early trade. 

Shares of Tata Motors Ltd, Coal India, Hero MotoCorp Ltd, ONGC, Maruti Suzuki, Dr Reddy’s gained up to 1.6% while Infosys, IndusInd Bank, Bharti Airtel, HDFC, Kotak Mahindra Bank lost up to 0.7 percent.

The stock of Bharti Airtel shed 0.97 percent to the day’s low of Rs 521 after it has signed an agreement with Millicom International Cellular S.A. 

Shares of LT Foods Ltd rose 4.3 percent to Rs. 84.55 after the company said its Qualified Institutional placement (QIP) opens with a floor price at Rs. 79.13 per share.

The rupee was trading higher against the U.S dollar and was trading at 64.18 a dollar, up 0.09 percent from its last day’s close of 64.24.

Sensex rise over 350 points as Modi led BJP overcoming Gujarat, Himachal Pradesh in exit polls

gujarat himachal opinion pollSensex, Nifty extended gains for the second day after exit polls released late on Thursday predicting that BJP is expected to win Gujarat & Himachal Pradesh assembly elections.

The BSE Sensex was trading at 33,505.75, up 260 points, while the NSE Nifty50 index was ruling at 10,340.15, up 88 points in later morning Friday. The broader BSE Midcap and BSE Smallcap indices gained 1% each. All sectoral indices on the NSE traded positively led by Nifty Metal, Nifty Infra index that rose near 1.5 percent.

Shares of HDFC Bank rose 2.1% to Rs. 1,876, while HDFC Ltd rose 0.6 percent to Rs. 1,719.55. The HDFC twins said that they consider a fund-raising proposal.

Shares of Vedanta rose 3.3%, HDFC Bank rose 2.6%, Yes Bank surged and GAIL India 1.9% were the major gainers on the Nifty50, among others.

Among 1,977 stocks traded on the NSE, 1,335 shares advanced, 241 shares declined and 401 remained unchanged today. A total of 25 stocks clocked a fresh 52-week high in trade today, while 12 stocks crossed a new 52-week low on the NSE.

Meantime, the Indian rupee rose a fresh 3-month high of 64.12 v/s the dollar in early trade on Friday. It opened 19 paise up at 64.15 versus the dollar on Friday.

Sensex, Nifty open on a flat note due to weak macro-economic data

SENSEX Nifty BUY SELL Sensex & Nifty opened lower tracking Asian cues, as Asian markets were trading lower ahead of U.S Fed Reserve’s policy results later today. The BSE Sensex was trading at 33,17696, down 51 points, while the broader Nifty 50 was ruling at 10,228, up by 12 points in the late morning hours.

GAIL India, Bharti Airtel and ONGC are the top gainers, while ITC, Adani Ports and Vedanta Ltd lost the most both on Sensex and Nifty in the morning hours
Shares of Yes Bank fell 0.24 percent. The bank said it has been allocated 9.40 lakh equity shares under the anchor investor portion to the IPO.

Shares of Bharti Airtel Limited rose 1.8 percent as global private equity firm Warburg Pincus will pick 20 percent equity shares in Bharti Airtel’s DTH arm, while shares of Wipro Ltd rose 0.09 percent at Rs 287.45. 

Oil prices surged in early Asian trade on Wednesday as industry data indicated a considerable drawdown in US. Crude stockpiles, while The Indian rupee opened at 64.52 per dollar and was trading at 64, down 0.25% from its Tuesday’s close of 64.41.

Sensex declines in early trade, SEBI Registered Investment Advisory Company

SEBI registered advisory CompanyKey-Benchmark indices opened on a negative note tracking weak cues Asian equities. Investors were booking profits ahead of the announcement of key economic data later today.
The BSE Sensex fell 44.69 points or 0.13% at 33,411.10, while the NSE Nifty 50 index rose 2.65 points or 0.03% at 10,324.90.

Banking stocks were trading down led by losses in SBI, ICICI Bank and Bank of Baroda.
Shares of Dr. Reddy’s jumped 4.1% after the USFDA cleared the company’s unit-3 in Hyderabad.

Shares of Oil & Natural Gas Corporation rose 1.2 percent after the global crude oil prices hit their highest level since 2015 overnight.

Sectorally, shares of Metal, Media, Pharma and Auto were the top gainers, while shares of FMCG, PSU Bank, and Realty Index were the top losers on the NSE.
Dr.Reddy’s Vedanta, GAIL India, Hindalco and ONGC were the top gainers on the Nifty50.