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Tuesday, February 26, 2019

Geopolitical tensions drag Nifty below 10,800 at open, Sensex falls 200 pts; banks under pressure

Market Opens: The geopolitical tension on Indo-Pak border has pulled the Nifty below 10,800 in the opening trade, while Sensex is down over 200 points.
The Sensex is down 241.49 points at 35971.89, while Nifty is down 81.60 points at 10798.50. 
About 171 shares have advanced, 780 shares declined, and 41 shares are unchanged. 
Top gainers are Bharti Infratel, Asian Paints and HCL Tech, while losers include Yes Bank, SBI, Indiabulls Housing, JSW Steel, Hero Moto, ONGC, ICICI Bank, Hindalco, Vedanta, Bajaj Fiance and Rain Industries, Jet Airways and Spicejet.
Rupee Opens: The Indian rupee slipped in the early trade on Tuesday. It opened lower by 28 paise at 71.26 per dollar versus previous close 70.98.

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Opening Bell


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Monday, February 25, 2019

International Market Update (25 Feb 2019)


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Positive start for indices with Sensex up over 100 pts; Adani Ports falls 4%

Market Opens: It is positive start for the benchmark indices on Monday with Sensex is trading around 36,000 level.
At 09:18 hrs IST, the Sensex is up 124.38 points at 35995.86, while Nifty up 27.00 points at 10818.70. About 600 shares have advanced, 226 shares declined, and 43 shares are unchanged. 
Indiabulls Housing, JSW Steel, Yes Bank, Maruti Suzuki, Hero Moto, Tech Mahindra, Tata Steel, DLF, Sobha, Oberoi realty, Sunteck Realty, GVK Power, Reliance Capital, Godrej Properties are among major gainers on the indices, while losers are Adani Port, Mindtree, Jet Airways, IIFL Holding and Motilal Oswal.
Rupee Opens: The Indian rupee gained in the early trade on Monday. It opened higher by 12 paise at 71.02 per dollar versus previous close 71.14.
Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-positive-start-for-indices-with-sensex-up-over-100-pts-adani-ports-falls-4-3577531.html

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Opening Bell


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Saturday, February 23, 2019

PM Modi sees India as $10-trillion economy with countless startups


Prime Minister Narendra Modi on Sunday laid out his vision for making India a USD 10-trillion economy, and the third-largest in the world, saying he wants the nation to have countless startups, and be a global leader in electric vehicles.
Speaking at the Global Business Summit here, he said his government inherited an economy in complete policy paralysis, plagued by runaway inflation and rising current account deficit.
Reforms in the last four and half years have changed the picture. "Change is clearly visible today," he said.
BJP-led NDA rule witnessed highest post-liberalisation growth rate of 7.4 percent, and lowest inflation of less than 4.5 percent, he said adding that reforms like goods and services tax (GST) have laid solid foundation for higher gross domestic product (GDP) growth.

Source:https://www.moneycontrol.com/news/business/economy/pm-modi-sees-india-as-10-trillion-economy-with-countless-startups-3574701.html

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Friday, February 22, 2019

Closing Bell: Sensex, Nifty end a rangebound session flat; metal stocks outperform


Market Close: Benchmark indices ended flat on Friday after trading in narrow range throughout the day.
The Sensex was down 26.87 points at 35871.48, while Nifty was up 1.80 points at 10791.70. About 1602 shares have advanced, 906 shares declined, and 148 shares are unchanged. 
IOC, HPCL, JSW Steel, Vedanta and Yes Bank were the top gainers on the Nifty, while losers include Kotak Mahindra Bank, GAIL, HDFC Bank, Reliance Industries and Cipla.
Among the sectors, except energy and bank all other sectoral indices ended in green.
Source:https://www.moneycontrol.com/news/business/markets/sensex-nifty-end-a-rangebound-session-flat-metal-stocks-outperform-3570331.html

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Closing Bell: Sensex ends 192 pts lower, Nifty below 11,600 even as RBI cuts rate

Market at close:  Benchmark indices ended lower but off day's low after Reserve Bank of India (RBI) slashed repo rate by 25 bps to 6...