Monday Stock Market down, Sensex Nifty Falls in Morning Session

stock market downKey indices opened marginally higher in the opening trade on Monday, but quickly turned negative zone, with BSE Sensex falling more than 100 points and NSE Nifty below 10,450.

PSU bank stocks continued to trade lower in the second week after PNB disclosed a Rs. 11,400 crore fraud wearing away about Rs. 9,000 crore in market cap in three days. The stock of Gitanjali Gems also plunged about 10 percent in the morning.

Shares Bank of Baroda, Syndicate Bank, Indian Bank, SBI, IDBI Bank, Bank of India, PNB, Union Bank of India, Canara Bank, Allahabad Bank and Uco Bank were also down in banking stocks.

Shares of Tata Steel Limited fell over 4 percent followed by a drop in shares of Adani Ports, Mahindra and Mahindra, Hindustan Unilever and L&T.

Bench mark Nifty50 was trading down 39.70 points to 10,412.60 while BSE Sensex down by 211.46 point to 33,889.

Nifty Gainers & Losers: Infratel (+1.11%), Vedanta (+0.86%) Ambuja (+0.70%), GAIL (+0.68%) and UltraTech Cement (+0.52%), were the top gainers on Nifty50.

Tata Steel (-4.24%), Indiabulls (-1.94%) Zee (-1.97%), Bharti Airtel (-1.76%), and Tech Mahindra (-1.75%) were the top losers in today’s trade, at the time of this writing.

Sensex open higher, nifty scales 11,148 HDFC, Maruti Suzuki, Reliance rally

sensex high todayKey benchmark indices were trading on a positive note on Monday with key Sensex and Nifty making new all-time peak ahead of Indian Economic Survey 2018 being presented today, later hours. The first the Budget Session of Parliament is set to start today, January 29, and will run until February 9.

The BSE Sensex zoomed 300.68 points to 36,351.12 and the NSE Nifty 50 climbed 78.30 points to 11,147.95. Shares of Maruti Suzuki, HDFC,  Reliance Industries, HDFC Bank, TCS and L&T rallied the most that led a major uplift to the Sensex. 

Shares HDFC and Tech Mahindra will be closely watched ahead of their respective Q3 results which are expected to announce later today.

Shares of Tata Consultancy Services, Maruti Suzuki, Larsen & Toubro, HDFC, HDFC Bank, and Infosys were lifting Sensex and Nifty to hit record highs levels, while shares of Bharti Airtel, ONGC and Dr. Reddy are declined.

Shares of Avenue Supermarkets rose 5% after the company on Friday posted a 65.77% jump in its net profit.

L&T crossed Rs. 2 trillion market capitalization first time after its shares zoomed over 13% so far this year.

Live Market Update: Nifty slips near 11,100; HDFC, ONGC, GAIL rise

SEBI Registered stock advisory companyKey benchmark indices on Wednesday were trading nearly flat in early trade on Wednesday, with Nifty touching a new rise of 11,110 and fall under 11000 marks.

The BSE Sensex was up 20.61 points at 36,160.59. The NSE Nifty index was down 0.40 points at 11,083.30 in the later hours. The broader markets were also trading near flat as the BSE Mid-Cap and Small-Cap Index fell 0.50 percent each.

Indiabulls HF shares were down 1 percent today as the company reported a 55.4 percent rise in its consolidated net profit for the December quarter.

Shares of HDFC, ONGC and GAIL India gained the most in the morning, whereas Bharti Airtel, ICICI Bank, and Hindalco Industries lost the most

Shares of L&T Tech rose 7.5 percent after the company reported a net profit of Rs. 126 crore in Dec quarter.

Shares of United Spirits Ltd fell 5.7 percent to Rs. 3,535.90 after the company reported lower earnings.

On NSE Nifty-50, shares of GAIL India, HDFC, HCL Tech, TCS and ITC were the top gainers while Airtel, Hindalco, Tata Motors, ICICI Bank and Adani Ports were the top losers.

Weekly Market Watch: Sensex posts biggest weekly rise in a year

Stock markets on the week ended Friday, 19 January 2018, posted their 7th consecutive weekly longest winning flash since February 2012 led by strong report strong earnings of the companies. The Sensex gained 2.7 percent by 919 points during the week, clocking the biggest weekly jump in a year, helped by govt’s move to slash additional borrowing and expectations of higher FDI in the banking sectors.

The BSE Sensex jumped 0.7% with 251 points to 35,511.58, while the NSE Nifty added 0.72% with 77.70 points to 10,894.7 a new all-time peaks for both the indices. The Nifty gained 304 points, or 2.85%. The broader market, underperformed with the BSE-500 index gaining only 0.62 percent.

As per Bloomberg estimates, Nifty company profits for Oct – Dec are expected to rise an average of 17% from a year earlier, greater than the 13% growth in the previous quarter.

The government this week slashed levies ahead of the February 1 budget presentation.

Bank stocks extended gains from Thursday on report that India is considering allowing foreign investors to own larger stakes in them.

Banking stocks kept in focus amid reports that the govt is considering raising the foreign investment upper limit in private banks to 100% and in public sector lenders to 49%.

Sensex opens higher for 6th straight day, shares of coal India rise

Sensex Nifty up Benchmark indices gained in the Wednesday morning trade for the sixth consecutive day with Sensex and Nifty hitting all-new lifetime highs led by domestic institutional investors buying ahead of Q3 earnings by blue chips. BSE Sensex traded up by 18.87 points to 34,462, while the NSE Nifty edged down 1.35 points to close at 10,638.35 in the later morning hours.

Shares of Coal India, ONGC, Bharti Airtel, Sun Pharma, ITC and Reliance Industries were the top gainers among the Sensex stocks.

Shares of Coal India Ltd rose over 1 percent extending Tuesday’s gain after the company hiked non-coking coal prices.

Other stocks which also spiked in the opening trades include ONGC, Sun Pharma, Bharti Airtel, Reliance, Adani Ports whereas Asian Paints, Wipro, Tata Steel, IndusInd Bank and HDFC lost up to 1 percent.

Shares of Infosys Limited rose 0.8 percent after the company said it has signed a pact with the U.S Internal Revenue Services.

Among the sectoral indices of NSE, 6 indices out of 11 were trading in green with Nifty Pharma and Nifty Realty index leading the charge while Nifty Auto and Nifty Bank shed up to 0.3 percent.