Sensex, Nifty were trading flat, PSU bank stocks fell, auto shares gain

sensex nifty down India stock markets have opened Wednesday on a flattish note. The BSE Sensex is trading lower by 19.65 points at 33,817.05 while the NSE Nifty is trading lower by 4.95 points at 10,458.25 in later morning hours.

Sectorally, Stocks of automobile and energy witnessing maximum buying interest, while banking sector & FMCG stocks opened the day in red. Shares of Maruti Suzuki India Ltd touched Rs. 10,000-mark. After opening at Rs. 9970 against the previous close of Rs 9804.50, the scrip crossed an intraday peak of 10,000 and a low of Rs 9,864.35.

Shares of Religare Enterprises Ltd rose 5 percent to Rs73.15 after Edelweiss announced it will take in Religare’s securities operations.

Shares of Reliance Communications (RCom) rose 5.7 percent to Rs. 13.50, after the group of bond-holders of RCom has hired advisers after the company defaulted on its dollar-denominated notes earlier.

PSU Banks including. PNB, Indian Overseas Bank, Syndicate Bank, sbi among other fell in the early hours.
Bitcoin prices declined near 10% to less than USD 17,000 on Tuesday, while The Indian rupee is trading at 64.12 to the US dollar.

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.

Stock Market News : Sensex, Nifty cut initial gains ahead of WPI inflation data

stock market up Sensex and Nifty opened a slight higher on Thursday as the US Fed Reserve overnight raised interest rates by 25 bps. The BSE Sensex trades up by 11.78 points at 33,064.82, while the NSE Nifty-50 rose 6.30 points to 10,199.25 in late morning hours.

Shares of Mahindra and Mahindra, DR Reddy’s Lab, Infosys, Asian Paints, ONGC, Lupin were the major gainers on Sensex today, rising up to 1.43% while Tata Consultancy Service, HDFC, Kotak Mahindra Bank, Hindustan Unilever Limited, lost up to 1.17%.

The index heavyweights like HDFC, TCS, ICICI Bank and Kotak Mahindra Bank contributed the mainly to the Sensex losses, while Infosys & HDFC Bank helped to reduce the losses.

Shares of Tata Communications Limited rose 5 percent to Rs. 730 after the it has approved proposal to demerge around 773 acres surplus land of govt through special purpose vehicle company Hemisphere Properties Limited.

The rupee rose against the US dollar; it opened at 64.32 per dollar and was trading at 64.28 a dollar, up 0.24 percent from its last close of 64.44.

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.