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, Nifty extend gains, Bharti Airtel, Tata Motors shares gain

Sensex Nifty up Sensex & Nifty opened on a higher note for the second straight day on Friday. The BSE Sensex was up 249.49 points at 33,198.70. The NSE Nifty 50 index was up 83.30 points at 10,250 in later morning hours.

Shares of Tata Motors rose 1.7%, Vedanta up 1.6%), Marut Suzuki up 1.4%, IndusInd Bank rose 1.36% and United Phosphorus Ltd gained 1.3% becoming the top gainers on Nifty50, whereas Infratel, Eicher Motors, Asian Paints, NTPC and Ambuja Cement were the top losers in today’s trade.
Shares of Jet Airways declined about 4% after the company posted a 91 percent fall in its July-September net profit to Rs.50.00 crore.

The shares of Bharti Airtel Limited gained over 7.10 percent to on BSE while it zoomed 7.24 percent to Rs 518.5 on NSE and it settled up 6.5 percent on BSE.

The stock of Bharti Airtel was among the major gainers on Sensex, which rose 1.3 percent after it zoomed more than 6 percent in yesterday’s trade.

The Indian rupee opened little changed against the dollar. It opened at 64.55 per dollar and was trading at 64.58 a dollar, down 0.02% from its Thursday’s close of 64.57.

Strong market breadth; Sensex gains nearly 230 points, Nifty reclaims 10,119

Sensex Nifty rise todaySensex & Nifty extended initial gains and hit new intraday high in morning session, on Thursday. At 10.50 am, the BSE Sensex jumped 236.72 points to hit the day’s high of 32,833.90 while NSE Nifty edged up 74.90 points to mark the day’s high at 10,119.00. Investors mostly felt to get a relief after macro-economic ridden week ended on Wednesday with RBI fifth bi-monthly monetary policy keeping the repo rate unchanged at 6 percent.

Metal mostly rose with Hindustan Copper (up 2.38%), SAIL (up 1.71%), JSW Steel (up 1.40%), Jindal Steel (up 1.36%), Tata Steel (up 1.23%), Bhushan Steel (up 0.98%), nalco (up 0.92%), among others.

All the sectoral stocks of NSE have traded in the green with Nifty Auto, Metal, Realty, and PSU Bank index leading the gains.

Shares of Tata Steel, NTPC, Hero MotoCorp, Maruti, L&T and Bajaj Auto were leading the charge while shares of Wipro, Sun Pharma, and RIL falling a little in the early trades.

The heavyweight shares of State Bank of India, L&T, Maruti Suzuki, ICICI Bank contributed the most to the Sensex gains.

Sensex gains, GDP growth hit a 3-quarter high

GDP Growth Sensex and Nifty recovered on Friday after falling deeply as India’s GDP growth hit a three-quarter high of 6.3% in Jul-September.

The Automobile stocks such as Tata Motors, Maruti Suzuki were among the major gainers on Sensex pack as auto companies announce their vehicle sales growth for the month of November.

The stock of Bharti Airtel lost the most among the Sensex stocks, down 1.2%. Shares of Oil and Natural Gas Corporation , Tata Motors, Larson & Toubro, Maruti Suzuki, ITC, TCS, Hero MotoCorp and Kotak Mahindra Bank gained up to 1.2 percent, while shares of Coal India, Bharti Airtel and HDFC were the major losers.

In Nifty Index, United Phosphorus Ltd, Tata Motors, Bosch, Zee Entertainment, and ONGC gained the most, while Hindalco, Bharti Airtel, Cipla, IOC and Coal India were the top losers.

28 Nov Sensex, Nifty open lower on Tuesday, R-Com shares falls

Sensex Nifty falls Sensex & Nifty started little changed on Tuesday on a flat note with negative bias. At 10.30 am, the BSE Sensex was lower by 15.68 points at 33,708.76, while the NSE Nifty 50 fell 3.30 points to 10,396.25.

Shares of Reliance Communications (RCom) fell 7 percent after China Dev Bank has become the first lender to charge a case against Reliance Communications under the Insolvency & Bankruptcy Code

Shares of Eris Life sciences gain on outperform by 3.5% after brokerage firm Credit Suisse has initiated outperform rating with a price target of Rs. 770 a share.

The Indian rupee followed the stock market trend, dropping 7 paise at 64.57 versus the US dollar in the early trade.

Shares of Maruti Suzuki, Cipla, HDFC, Bajaj Auto, Adani Ports and Axis Bank, were the major gainers today in early hours, rising up to 0.7% while Power Grid, ONGC, ITC, NTPC, ICICI Bank, Asian Paints were laggards up to 1.6%.