After days of positive openings, it is a flat start for equity benchmarks on this Wednesday morning, with the Nifty managing to hold 11,700-mark.
The Sensex is down 11.77 points or 0.03% at 38884.86, while the Nifty is lower by 10.70 points or 0.09% at 11727.80.
The market breadth is positive as 518 shares advanced, 310 shares declined, while 59 shares were unchanged. Banks are trading mixed, as the Bank Nifty is trading lower by one-fifth of a percent, while the PSU bank index is up over half a percent.
The Indian rupee opened higher by 14 paise at 70.02 per dollar on Tuesday versus previous close 70.16.
Rupee consolidated in abroad range for the tenth consecutive sessions despite weakness in the dollar against its major crosses. Yesterday, the dollar was weighed down after US and Mexico agreed overhaul the NAFTA, putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact, said Motilal Oswal.
US president threatened he still could put tariffs on Canadian-made cars if Canada did not join its neighbors and warned he expected concessions on Canada’s dairy protections.
It’s another record high start for the market on Tuesday morning, with the Nifty hitting 11,700 for the first time, while the Sensex rose over 150 points to hit another record high in the opening trade.
The Sensex is up 182.75 points or 0.47% at 38876.86, while the Nifty is up 56.30 points or 0.48% at 11748.30. The market breadth is positive as 602 shares advanced, against a decline of 216 shares, while 47 shares were unchanged.
Among top gainers are Kotak Mahindra Bank, M&M, HDFC, Lupin and Page Industries, while Yes Bank, HPCL, Titan and BPCL have lost the most.
It’s a good start to this Monday morning on D-Street as equities rode on positive global sentiment.
The Sensex and Nifty have hit fresh record highs. The 50-share index is also trading above 11,600.
Banks and metals are leading the charts among sectoral indices, while pharmaceuticals, FMCG and infrastructure are following them. There is strong growth in midcaps seen as well, with the Nifty Midcap gaining around a percent.
Equity benchmarks have marginally extended their gains from the opening minutes, with the Nifty trading around 11,600-mark.
The Sensex is up around 50 points. A sharp recovery in banks as well as metals has helped the market. FMCG and pharmaceuticals are trading in the red. Meanwhile, midcaps are trading in the green, up around quarter of a percent.
The Sensex is up 56.53 points or 0.15% at 38393.29, while the Nifty is up 13.50 points or 0.12% at 11596.30. The market breadth is narrow as 942 shares advanced, against a decline of 740 shares, while 94 shares are unchanged.
It’s another record high start for the market on this Thursday morning, with the Nifty hitting 11,600 for the first time, while the Sensex hit 38,400 in the opening minutes.
At 09:15 hrs IST, the Sensex is up 114.88 points or 0.30% at 38400.63, while the Nifty is up 30.10 points or 0.26% at 11601.00. The market breadth is positive as 471 shares advanced, against a decline of 160 shares, while 49 shares were unchanged.
Among sectoral gainers, pharmaceuticals lead the way, up almost a percent, while IT and FMCG are the other top gainers. Banks, on the other hand, are trading lower. The midcaps space is trading marginally higher.
The Indian rupee recovered sharply from its all-time low to trade at 69.83 to the dollar, up 33 paise in morning on fresh selling of the greenback by exporters and banks ahead of US-China trade talks this week.
Besides, the dollar weakened against other currencies overseas as demand for the safe-currency receded on optimism over a reduction in US-China trade tensions, helping the domestic currency rebound, forex dealers said.
A higher opening in the equity market also supported the rupee's recovery, they said.
Asian markets traded mostly higher today, following positive lead from Wall Street and positive newsflow on US-China trade war front.
Japan's Nikkei jumped over 2 percent followed by Hong Kong's Hang Seng (up 0.5 percent), Australia's ASX 200 (0.2 percent) and South Korea's Kospi (0.37 percent). However, only China's Shanghai Composite traded half a percent lower.
US markets on Thursday ended higher with Dow Jones rising 1.6 percent (the biggest jump since April). S&P 500 gained 0.8 percent and Nasdaq Composite rose 0.42 percent.
On Thursday, rupee opened at record low 70.19 against the US dollar and further slipped to 70.26. It hit 70 to the dollar for the first time on Tuesday, falling 15 paise intraday due to sharp depreciation in Turkish lira.
The rupee has fallen more than 9 percent year-to-date and around 2 percent in August.
Samiran Chakraborty of Citi told CNBC-TV18 that persistent disappointment on the current account deficit (CAD) & weak Emerging markets sentiment opens up the possibility of the dollar-INR heading towards the 72 mark as the 67 to 69 range shifted to a 69 to 72 range.
The Nifty50 index is continuously trading above its short-term upward trend line (trend line drawn from June 28 to July 20 low) which indicates that the index has potential to move higher around 11,495 (life time high level) and 11,588 (upper Bollinger band) with the support around 11,376 (trend line) and 11,310 (20EMA) levels.
The Relative Strength Index (RSI) on the daily chart is 67.76, trading near overbought zone and the daily MACD trading above zero line but just crossed below its signal line, which indicates that the bias could remain sideways in upcoming trading sessions.
Equity benchmarks have continued to trade in the red on Monday morning. The Sensex is down over 250 points, while the Nifty is hovering around 11,350-mark.
At 10:29 hrs IST, the Sensex is down 261.15 points or 0.69% at 37608.08, and the Nifty down 75.00 points or 0.66% at 11354.50. The market breadth is negative as 721 shares advanced, against a decline of 1,365 shares, while 106 shares were unchanged.
Banks have continued to be weak along with auto, energy and metal names. Traditional defensives IT and pharma are trading in the green.
It’s a flat start to the market on this Friday morning, with the Nifty trading around 11,450 in the opening tick, while the Sensex has breached 38,000.
At 09:15 hrs IST, the Sensex was up 6.56 points or 0.02% at 38030.93, while the Nifty was down 6.30 points or 0.05% at 11464.40. The market breadth is positive as 394 shares advanced, against a decline of 176 shares, while 55 shares were unchanged.
Investors are booking profits in banks as well as indulging in fence-sitting ahead of State Bank of India’s results. IT and metal stocks are witnessing some strength, while the midcap index is trading flat with a positive bias.
The Indian rupee gained in the early trade on Thursday. It has opened higher by 14 paise at 68.48 per dollar against previous close 68.62.
Rupee closed almost flat against the US dollar and traded with low volatility as most market participants have been following escalation of ongoing trade war between two major economies, said Motilal Oswal.
Yesterday, Chinese commerce ministry announced that it has decided to impose additional tariffs of 25% on USD 16 billion worth of US imports from fuel and steel products to autos and medical equipment.
The bulls continues their upward momentum as equity benchmarks have start the day on a strong note, with Nifty, Sensex and Nifty Bank opened at record high. Sensex touched 38,000 for the first time, while Nifty is trading around 11,500.
The Sensex is up 117.47 points at 38,005.03, and the Nifty up 27.70 points at 11,477.70. About 671 shares have advanced, 348 shares declined, and 61 shares are unchanged.
All sectoral indices are trading in the green, with maximum gain seen in metal, energy and PSU banks.
Sharp pickup in buying in the past one hour in banks has pushed markets at the high points of the day, with Nifty hitting a fresh record high.
At 11:02 hrs IST, the Sensex is up 153.52 points or 0.41% at 37819.32, and the Nifty up 44.10 points or 0.39% at 11433.60. The market breadth is positive as 1,287 shares advanced, against a decline of 886 shares, while 118 shares are unchanged.
ONGC, Asian Paints and Tata Steel are the top gainers, while Airtel, Infosys, and HPCL have lost the most.
After beginning the day at record highs, shares have given up all of their gains and trading around the flat line.
The Nifty has given up 11,400-mark as well. A drag in financials, which were the biggest gainers on Monday, has hit the market on Tuesday morning.
The Sensex is up 9.05 points or 0.02% at 37700.94, while the Nifty is up 2.80 points or 0.02% at 11389.90. The market breadth is positive as 1,078 shares advanced, against a decline of 625 shares, while 94 shares are unchanged.
Equity benchmarks have begun the day on a record high note, with the Nifty trading comfortably above 11,400. The Sensex has risen over 100 points.
The Sensex is up 115.50 points or 0.31% at 37807.39, while the Nifty is up 32.00 points or 0.28% at 11419.10. The market breadth is positive as 464 shares advanced, againt a decline of 119 shares, while 60 shares are unchanged.
All sectoral indices are trading in the green, with maximum gain seen in auto names. IT, metals and pharma space is also trading higher. In the broader markets, the Nifty Midcap index is up over one third of a percent.
After a weak two sessions, equity benchmarks on Friday morning have started the day on a good note.
At 09:15 hrs IST, the Sensex is up 182.90 points or 0.49% at 37348.06, while the Nifty is up 60.40 points or 0.54% at 11305.10. The market breadth is positive as 451 shares advanced, against a decline of 96 shares, while 41 shares are unchanged.
All sectoral indices are trading in the green, with gains in pharma, metals, energy and auto names, while midcaps have seen a strong start as well. The Nifty Midcap index is up over 0.6 percent.
The Indian rupee opened higher by 6 paise at 68.37 per dollar on Thursday versus previous close 68.43.
Rupee rose against the US dollar in the latter half of the session after the RBI considered raising rates by 25 bps but retained its neutral stance as it aimed to contain inflation while not choking growth. It’s the second straight meeting that RBI raised rates but retained its stance Neutral.
While the RBI marginally trimmed its inflation projections for the current quarter, the central bank said its inflation projections beyond that remain broadly unchanged, said Motilal Oswal.
The benchmark indices have opened lower with Nifty slipped below 11,350 and Sensex down over 100 points. Nifty PSU banks down 1% led by SBI, Syndicate Bank, Allahabad Bank, Canara Bank, Bank of India, Andhra Bank and Bank of Baroda.
The Sensex is down 132.87 points at 37,388, and the Nifty down 36.20 points at 11,310. About 533 shares have advanced, 558 shares declined, and 57 shares are unchanged.
Nifty Bank was down 0.5 percent led by ICICI Bank, Axis Bank, Yes Bank, SBI. Other losers are Hindalco, Tata Steel, Bajaj Auto, Tata Motors, Maruti Suzuki.
Equity benchmarks are trading with caution ahead of the outcome of RBI’s MPC meeting outcome. The Sensex is around the flat line, while the Nifty is above 11,370-mark.
Midcaps have further extended their gains to over half a percent, while energy, metals and pharma indices are trading strong. The Nifty auto index is down 0.30 percent following mixed trends on auto sales for July.
The Sensex is up 36.75 points or 0.10% at 37643.33, while the Nifty up 22.00 points or 0.19% at 11378.50. The market breadth is positive as 1,307 shares advanced, against a decline of 784 shares, while 124 shares are unchanged.