Sensex, Nifty open flat with negative bias; Kotak Mahindra Bank falls 4%

Market Opens: Benchmark indices opened flat with negative bias on Friday with Nifty holding above 10,750 level.

At 09:17 hrs IST, the Sensex is down 36.45 points at 35861.90, while Nifty was down 15.10 points at 10774.80. About 400 shares have advanced, 347 shares declined, and 38 shares are unchanged. 

Bajaj Auto, Maruti Suzuki, ICICI Bank, HUL, BPCL, HPCL, IOC, HDFC Bank are the top gainers in the morning, while losers is Kotak Mahindra Bank.

Rupee Opens: The Indian rupee opened flat at 71.25  per dollar on Friday versus previous close 71.25.

Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-nifty-opens-flat-with-negative-bias-kotak-mahindra-bank-falls-4-3570331.html

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com 

Opening Bell

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com 

Nifty forms bullish candle for 2nd day; 10,900 crucial resistance

Bulls remained in control of D-Street for the second consecutive day in a row on Thursday after falling for eight consecutive days in a row and formed a bull candle on the daily charts.

The index is comfortable trading above 100-day moving average as well as 5, and 13-DEMA on the daily charts which is a positive sign for the bulls, but for bulls to regain control, the index has to hold above 10,900 levels, suggest experts.

But, it somebody plans to go long on the index then trading with strict stop losses is a better bet for capital preservation. A trailing stop loss below 10640 should be kept for all long positions, they say.

The touch-and-go moment with 10,800 suggests that there is some pressure at higher levels. The Nifty50 which opened at 10,744 slipped to an intraday low of 10,721 before it bounced back towards 10800. The index hit an intraday high of 10808 before closing at 10,789 up 54 points.

Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-bullish-candle-for-2nd-day-10900-crucial-resistance-3568641.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com

Indices trade flat with a positive bias; TechM approves buyback at Rs 950/sh

Market Opens: It is flat start for the benchmark indices on Thursday with Nifty hovering around 10,750 mark

The Sensex is up 7.59 points at 35763.85, while Nifty is down 5.30 points at 10730.20. About 428 shares have advanced, 333 shares declined, and 42 shares are unchanged. 

Tech Mahindra, Allahabad Bank, ICICI Bank, SBI, Indiabulls Housing, are among major gainers, while losers are Reliance Power, BPCL, HPCL, IOC, Bharti Airtel, Vodafone Ida, TCS and Yes Bank.

Tech Mahindra to BSE: Approved the proposal for buyback by the Company of its own fully paid equity shares of Rs 5 each not exceeding 20,585,000 equity shares. The record date will be March 6, 2019 at an offer price of Rs 950 for an aggregate amount not exceeding Rs 1,956 crore. 

Rupee Opens: The Indian rupee opened marginally higher at 71.07 per dollar on Thursday versus previous close 71.11.

Source:https://www.moneycontrol.com/news/business/markets/market-live-indices-trade-flat-with-a-positive-bias-techm-approves-buyback-at-rs-950sh-3565841.html

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com 

Opening Bell

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com 

Closing Bell: Nifty ends close to 10,750, Sensex up 403 pts; metal, oil stock in focus

Market at close: Indian indices bounced back and broke the 8-day losing streak on Wednesday with Nifty ended near to 10,750 mark helped by metal, IT and oil & gas stocks.

The Sensex was up 403.65 points at 35756.26, while Nifty was up 131.10 points at 10735.50. About 1468 shares have advanced, 1107 shares declined, and 161 shares are unchanged. 

Top gainers include Indiabulls Housing, Vedanta, Tata Steel, Adani Ports and Hindalco Industries, while losers are Zee Entertainment, Hero Motocorp, Dr Reddy’s Labs, HUL and Bajaj Auto.

All the sectoral indices ended in green led by metal, IT, energy, infra, bank, pharma and auto stocks.

Source:https://www.moneycontrol.com/news/business/markets/closing-bell-nifty-ends-close-to-10750-sensex-up-403-pts-metal-oil-stock-in-focus-3560501.html

If you need more information about the Stock Market:

 Visit: http://www.tradeindiaresearch.com 

International Market Update

If you need more information about the Stock Market:

Visit: http://www.tradeindiaresearch.com