Market falls in early trade, Nifty near 10,300, Sensex down 1004 Pts

sensex down Sensex down Key benchmark indices fell in the opening trades on Tuesday, amid global sell-off in equities with Sensex crashing over 1000 points and Nifty erasing over 330 points. Huge selling pressure erupted in the Indian equities market, as the two key indices BSE Nifty and Sensex opened around 3% lower.

Asian shares continue to register selling pressure following Wall Street’s biggest fall since 2011 as investors’ confidence in factors underpinning a bull-run in markets.

The BSE Sensex was trading at 33,635 down 1,221 points, while broader Nifty 50 index was ruling at 10,327 down 339 points. Both indices, however, recovered marginally as trade progressed.

The heavyweight shares such as HDFC, ICICI Bank, ITC, RIL, L&T, Tata Motors, Infosys, Maruti Suzuki, Axis Bank, State bank of India, Kotak Mahindra Bank, TCS, Yes Bank, IndusInd Bank and Mahindra and Mahindra contributed heavily in the Sensex declines.

Tata Motors shares fell 6.58% at Rs 370 after its consolidated net profit surged 988.6% to Rs 1214.60 cr, while Hero MotoCorp declined 2.98% at Rs 3,525.60 as the is scheduled to announce results today, 6 Feb 2018.

Meantime Indian rupee fell to a 7-week low against the US dollar on following sell-off in global and local equity markets. The rupee was currency trading at 64.36, down 0.46% from its previous close of 64.07.

Market falls in early trade; Sensex sheds at 390 points, Nifty falls to near 1-month low

sensex downKey benchmark indices extended the losses in early trade on Monday falling below the crucial 35,000-level as investors carried on to book profits. Weakness in global markets also fuelled the sentiments. Heavy selling momentum in banking, auto, capital goods and O&G stocks also pulled the equity indices lower.

The BSE Sensex was down 390 points at 34,676.62, whereas NSE Nifty 50 index declined 106.95 points at 10,653.65 in later morning deals.

Stocks of HDFC, Yes Bank, State Bank of India, Axis Bank, Tata Steel, Bajaj Auto, Larsen & Toubro, Hero MotoCorp, Kotak Bank, Adani Ports emerged as the major losers among the Sensex stocks, skidding up to 4 percent while Bharti Airtel and Tata Motors were the only notable gainers on the index.

IT stocks were also trading higher with HCL Technologies, Mphasis, Infosys Ltd, Tech Mahindra and Wipro at a tune of 3 to 1 percent.

Shares of Bosch and Tata Motors will be in focus ahead of their Q3 earnings. Other major companies which are also announcing their Q3 results include Colgate Palmolive, Cochin Shipyard, Ujjivan Financial Services, Eveready Industries, Hudco, IFCI Ltd.

25 Jan Sensex, Nifty trade lower, PSU banks fall, Maruti Suzuki rise

Indian share markets opened little higher with Sensex and Nifty rising high in opening trade on Thursday but both the key indices soon quickly moved into losses ahead of Future and Option expiry and Q3 earnings of Maruti Suzuki.

BSE Sensex opened the day at 36,208 levels up by 46 points while NSE Nifty started at a high of 11,095 up by 9 points in early trade. Shares of Larsen & Toubro, Sun Pharma, ICICI Bank, Tata Motors, Axis Bank emerged as the top gainers on Sensex today.

In later morning hours, BSE Sensex was trading lower by 65 points to 36,096 levels while the NSE Nifty edged down 13.54 points to 11,072 levels.

Shares of Maruti Suzuki gained 0.4% to Rs. 9463.55 ahead of its Q3 earnings due later in the day, while Shares of PSU banks traded mixed since a profit booking was emerged after yesterday’s surge ahead of FM Arun Jaitley detailing about Rs 2.11 lakh cr, PSU bank recap plan.

Shares of the UCO Bank rose over 6% while the stock of Biocon slipped nearly 5% after the company reported a drop of 46% in the net profit to Rs 92 crore.

Shares of Dr Reddy’s Lab and UPL will be closely watched ahead of their respective Q3 earnings. Other top companies which are also announcing their respective Q3 results include LIC Housing Finance, Ajanta Pharma, Future Jindal Steel & Power, Tata Coffee, L&T Finance Holdings, Avenue Supermarts and Shriram City Union Finance.

Sensex up 114 points, Nifty above 10,720 mark; TCS, Infosys rose

stock market high Key Indices after opening in a flat note in the morning due to weak Asian cues. However, Sensex and Nifty erased their early losses and were trading in the green. The BSE Sensex was up 79.02 points or 0.23 per cent at 34,850.07 and the Nifty was up 10.4 points or 0.1 per cent at 10,710.85 in later hours.

The Sensex helped by a surge in prices of Infosys and TCS which were up by more than 2 percent each. Shares of ICICI Bank, HDFC Bank and Dr Reddy’s Lab were up by more than 1 percent each. Asian Paints, Coal India, Power Grid shares were among the top losers in the Sensex.

GAIL India, Zee Entertainment and Wipro shares registered gains in the Nifty, whereas shares of Kotak Mahindra Bank and Ambuja Cement posted declines. GAIL India’s stock was up over 1% as the company and Russia’s Gazprom have renegotiated their long-term 2.5-mtpa liquefied natural gas supply pact.

Shares of Sun Pharma rose over 1 percent to Rs. 583 after the company announced that it got license to sell the generic version of Linzess in US.

Shares of IPCA Laboratories Limited rose over 1 percent to Rs. 580.50 after the company said it acquired Pisgah Labs in US for USD 9.65 million.

Sensex trades above 34,900, Nifty near 10,760, IT stocks rise

stock market upMarket began on a positive note on Tuesday with key indices opening a little higher as good growth in industrial output and a global shares rally picked up investors’ sentiment. The BSE index Sensex was up 69.80 points at 34,913.31 and the NSE Nifty was up 16 points at 10,757.55 in the morning hours.

Shares of prominent companies such as Tata Consultancy services, Infosys Ltd, Wipro Ltd, HCL Tech and Tech Mahindra inched up in the morning trades.

Shares of Federal Bank fell 3.3 percent to Rs. 110.45 after the bank reported higher gross and net slippages.

Shares of HDFC shed over 1 percent on the back of profit booking after the Company’s share jumped over 7 percent intraday to hit an all-time peak with its M-Cap crossing Rs 3.00 lakh crore yesterday .

Shares of Hindustan Unilever Ltd rose about 1.6 percent to a 52-week high of Rs 1,389 in the morning hours.

Shares of TCS, Wipro, Infosys, Bharti Airtel, and HUL were among the top gainers on BSE Sensex while HDFC, Reliance Industries, Tata Steel, Asian Paints and Power Grid fell upto 1.5 percent with HDFC losing the most.