Closing Bell: Indices end on a flat note after rangebound trade; Nifty above 10,800, Bharti Airtel up 5%

Market at close: Benchmark indices ended positive but remained flat throughout the day with Nifty close just above 10,800 mark.

At the end, Sensex was up 33.29 points at 35962.93, while Nifty was up 14 points at 10805.50. About 1249 shares have advanced, 1287 shares declined, and 145 shares are unchanged. 

Bharti Airtel, Yes Bank, ONGC, NTPC and Asian Paints are the top gainers on the Sensex, while losers are HDFC, Wipro, L&T, Adani Ports and Bajaj Auto.

Among sectors, except pharma and metal all other sectoral indices ended in green, while midcap and smallcap stocks ended flat.

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Nifty ends rangebound session above 10,800, gains 1% in week

Benchmark indices closed rangebound session on a flat note Friday despite weakness in global peers due to growth concerns in world's largest economy China. Overall it was a consolidation day after the rally seen in previous three consecutive sessions.

The 30-share BSE ended with a positive bias but failed to hold on to 36,000 levels, rising 33.29 points to 35,962.93.

The 50-share NSE Nifty closed above 10,800 levels for the first time since December 4, up 14 points at 10,805.50.

For the week, the Sensex gained 0.8 percent and the Nifty rallied a percent.

The consolidation was on expected lines especially after three-day rally which discounted elections results and RBI governor news, experts said, adding the market could continue to get supported by stable oil prices and rupee with rate cut hope.

"Weakening rupee and decline in yield influenced investors to stay sideline," Vinod Nair, Head of Research, Geojit Financial Services told Moneycontrol.

He said inflation remained on a softening path while industrial activity is picking up which will provide support to the market.

Wholesale inflation fell to a three-month low of 4.64 percent in November 2018 from 5.28 percent in previous month, dragged by decline in prices of food articles and some easing in rates of petro products.

On the global front, growth concerns in Chinese economy dragged Asian and European markets to a negative terrain. China's Shanghai Composite, Hong Kong's Hang Seng, Japan's Nikkei and South Korea's Kospi closed lower by 1-2 percent after Chinese economic data missed expectations which raised worries about headwinds facing the economy.

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Nifty falls after 3-day rally; November WPI eases to 4.64%

Rupee Update: Indian rupee is trading marginally lower at 71.72 per dollar against Thursday's close 71.68 per dollar.

Asian Markets Under Pressure

Asian markets fell, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table.

There was also some unease after the head of the European Central Bank raised concerns about the growth outlook for the eurozone owing to issues within and outside the bloc.

Japan's Nikkei, Hong Kong's Hang Seng and South Korea's Kospi were down over a percent while China's Shanghai Composite slipped half a percent.

Market Update

Benchmark indices continued to consolidate in morning, which was on expected lines said technical analysts.

The 30-share BSE Sensex rose 14.52 points to 35,944.16 and the 50-share NSE Nifty gained 1.50 points at 10,793.

The market breadth was in favour of bulls as about 780 shares advanced against 661 declining shares on the BSE.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-falls-after-3-day-rally-november-wpi-eases-to-4-64-3289111.html

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Opening Bell

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Closing Bell: Sensex ends 150 pts higher, Nifty below 10,800; auto, bank stocks top gainers

Market at close: Benchmark indices ended the volatile session on positive note on Thursday with Nifty ended below 10,800 level.

The Sensex was up 150.57 points or 0.42% at 35929.64, while Nifty was up 53.90 points or 0.50% at 10791.50. About 1470 shares have advanced, 1055 shares declined, and 135 shares are unchanged. 

Wipro, Kotak Mahindra Bank, Infosys, Maruti Suzuki and Tata Motors are the top gainers on the Sensex, while Yes Bank, Sun Pharma, TCS, Tata Steel and Coal India are among major losers.

Source:https://www.moneycontrol.com/news/business/markets/closing-bell-sensex-ends-150-pts-higher-nifty-below-10800-auto-bank-stocks-top-gainers-3285011.html

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MCX SUPPORT & RESISTANCE LEVELS

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Nifty above 10,800, Sensex gains over 200 pts; rate cut hope lifts banks, NBFCs

  

Nifty Reclaims 10,800 Levels:

Benchmark indices rallied sharply in opening on Thursday, continuing uptrend for third straight session after retail inflation and IIP data.

The Sensex rose 233.07 points to 36,012.14 and the Nifty gained 68.30 points at 10,805.90. 

SBI, Vedanta, JSW Steel, Indiabulls Housing Finance, Yes Bank, HUL, Maruti Suzuki, HPCL and Bajaj Finserv were early gainers.

UPl, Kotak Mahindra Bank, Tech Mahindra, Lupin, Sun Pharma and Cipla were under pressure.

Nifty Midcap gained 116 points and Nifty Bank rallied 176 points.

Bandhan Bank, Indian Bank, Bank of India, Edelweiss Financial, Corporation Bank, ICICI Prudential Life, AU Small Finance Bank, Jet Airways and InterGlobe Aviation, MTNL, SpiceJet and Titagarh Wagons were early gainers among broader space.

Rupee Extends Gains

The rupee appreciated by 45 paise to 71.56 in morning after the new RBI governor Shaktikanta Das took charge and stressed on the need of a consultative approach to tackle pressing economic issues.

Forex traders said a higher opening of domestic equity markets and weakening of the US dollar against some currencies overseas boosted the local unit.

"The new RBI governor's first speech confirms our initial impression that he is likely to be more communicative and consultative in his approach, which is a positive," Japanese financial services major Nomura said in a research note. Source: PTI

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-nifty-above-10800-sensex-gains-over-200-pts-rate-cut-hope-lifts-banks-nbfcs-3285011.html

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