Sensex Turns Flat; Infrastructure, Banking Shares Under Pressure
12:50 p.m.: IT stocks turn flat the BSE IT index which was up over a per cent turned flat as it was up only 0.33 per cent; OFSS, KPIT Cummins, Mphasis, Wipro and Eclerx were among the losers.
12:23 p.m.: Infrastructure shares were witnessing selling pressure. The Nifty Infra index was down 1 per cent on the back of weakness in Larsen & Toubro, BHEL, Reliance Infra, NCC and CESC.
12:02 p.m.: Alkem Labs, Petronet LNG, MFSL, Sun TV, Tata Communications, Crisil, Bajaj Finserv, Jindal Steel and Bgarat ELectroncis were among the gainers from the mid-cap space.
11:38 a.m.: Sensex turns flat in late morning trades. The Sensex was up 40 points or 0.16 per cent at 25,805 and Nifty traded 0.32 per cent or 26 points higher at 7,955.
11:20 a.m.: PNB Glits, Vaibhav Global, Stampede Capital, SMS Pharmaceuticals, India Cements, Himadri Speciality Chemical, Global Offshore Services and Saregama India were among the gainers from the small-cap space.
11:08 a.m.: Metal stocks shine in rangebound trade. The BSE metals index was up 2 per cent on the back of buying in Hindalco, Vedanta, Tata Steel, Hindustan Zinc and NMDC.
11:02 a.m.: Selling pressure visible in capital goods and power stocks. The BSE Capital Goods index falls 1.4 per cent on the bank of weakness in Larsen & Toubro, BHEL, Havells, VA Tech Wabag, Suzlon Energy, Reliance Defence and BEML.
10:33 a.m.: IT shares witness good buying interest as rupee weakens against the US dollar. A weak rupee against the US dollar helps in boosting their revenues as most of these companies earn in US dollars. The BSE IT index was up 1 per cent with TCS, Infosys, Tech Mahindra, HCL Technologies, Cyient and NIIT Technologies among the gainers.
10:22 a.m.: BHEL was the top Nifty loser, down 3.5 per cent to Rs 124.35. Bosch Ltd, GAIL India, NTPC, Dr Reddy's Labs, Yes Bank, State Bank of India, Larsen & Toubro, Bharti Airtel and HDFC Bank were also among the losers.
10:13 a.m.: From the Nifty basket of shares, 36 were advancing while 15 were declining. Hindalco was the top gainer from this space, up 6.7 per cent to Rs 163.15. Zee Entertainment, Aurobindo Pharma, Maruti Suzuki, Adani Ports and TCS were also among the gainers.
10:07 a.m.: Selling pressure visible in realty, capital goods, banking and power shares.
9:50 a.m.: The rupee edged lower after opening higher. The currency was trading at 68.17 against the US dollar.
9:45 a.m.: Sugar stocks have seen an uptick today. Vijay Chopra, MD & CEO of Enoch Ventures, shares his trading strategies.
Buy Mawana Sugar with target at 60 and stop-loss of 40
Buy Upper Ganges Sugar with target price of 320 and stop-loss of 280
Buy India Glycol with target of 130 and stop-loss of 110
9:40 a.m.: Sensex pares some early gains up around 100 points while Nifty trades near 7,950.
9:18 a.m.: Indian stock markets moved higher on Tuesday with Sensex rising over 200 points while Nifty edging up above 8,000. Higher Asian markets lifted the sentiment but analysts remain cautious on the near term outlook of Indian markets.
9:12 a.m.: The selloff in the past six sessions has wiped out the gains of the year.
9:10 a.m.: Markets may grind lower and Q3 is likely to be a washout in terms of earnings due to the impact of demonetisation, says Mayuresh Joshi, fund manager at Angel Broking. Q4 earnings also could be impacted, he adds.
9:05 a.m.: The rupee has edged higher to 68.10/dollar against Monday's close of 68.16.
