If you are reading this, chances are theSensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. That’s probably the reason why you are on this page, where we try to capture every action — big or small — from the listed universe of India Inc; be it largecap, midcap or smallcap. Plus, we keep you up-to-date on anything that may move your market.
Read on to stay updated!
@3.13 PM: As much as 88 stocks on the BSE rallied to their fresh 52-week high on a volatile trading day. Microfinance lender such as Equitas, Ujjivan Financial Services, SKS Microfinance, and M&M Financial Services rallied to their fresh 52-week high on the BSE. Lot of investor interest has started to build up in most of the MFIs on the backdrop of strong balance sheet, stable asset quality, credit growth and competent management.
@3.01 PM: Sensex enters negative territory. SBI, Lupin, BHEL, Airtel are among top losers dragging the index.
@2.48 PM: After moving in a range for the past 12-18 months, the long wait of investors might be coming to an end as Nifty50 has comfortably broken past key resistance levels and is on track to hit new record highs over the next 12 months or so. The bulls are building the momentum, which is pushing the domestic market to a fresh record high. The index has seen a strong upward move of over 500 points from its recent low of 7,715 mark. Five technical charts which show Nifty50 heading for a new record
@2.10 PM: Axis Bank, ICICI Bank, Infosys, HUL, M&M, Tata Motors are among top contributors to the rise in Sensex.
@1.38 PM: Market@2016 high: DII-heavy stocks make merry, retail bets prove wrong: Better-than-expected earnings, strong economic data and lesser obstacles on the global front have triggered healthy domestic inflows, fuelling many DII-driven stocks this calendar. But most stocks with high retail participation are yet to wipe out their year-to-date losses, data compiled by ETMarkets.com on the BSE200 companies showed. Click to read more
@1.16 PM: All but three sectoral indices in the green. Private banks lead rally on Nifty.
@12.57 PM: Alternative investment funds (AIFs) have made cumulative investments in excess of Rs 18,200 crore till the end of March quarter, data available with Sebi website showed. This shows a 29.97 per cent jump over the Rs 14,000-odd crore investment that these private funds had made at the end of December quarter. Read more
@12.39 PM: At a time when most investors are recommending cyclical stocks to their clients to ride the India growth story, some analysts feel they might be missing out on the pharma stocks, which are available at attractive valuations. Pharma can be a contra bet; 5 stocks global brokerages are positive on
@12.16 PM: Meanwhile, Neo Corp, Noble Polymers, Sawaca Business, Avon Organics, Sang Froid Labs (India) are among top stocks that have hit their respective 52-week lows so far today. Live chart here
@12.01 PM: Jyoti Resins, Dharani Sugars, Ujjivan Financial Services, Anant Raj, Kiri Industries, IIFL Holdings are among top stocks that have hit their respective 52-week highs so far today. Live chart here
@11.46 AM: Nifty50 which closed above its crucial resistance level of 8,200 for the first time since October could well rally another 200 points towards its next crucial resistance level of 8,400 before supply pressure could trickle in, options data showed. Stock specific action is likely to continue the momentum in the market remains strong which is a positive sign for the bulls. Top ten stocks with a long build up include names like Bajaj Finance, Yes Bank, HDFC Bank, ICICI Bank, Canara Bank, SBI, IndusInd Bank, M&M, Reliance Capital etc. Read more
@11.24 AM: Citigroup Global Markets has raised its March 2017 target for the S&P BSE Sensex to 28,800 points from 27,000 points stating that it remains constructive on the market due to encouraging macro economic data and recovery in earnings.
@11.07 AM: The $2 trillion economy witnessed accelerated GDP growth at 7.9 per cent last quarter. Strong GDP data, at least on paper, reaffirmed the view that growth has bottomed out and the era of higher growth rate has just begun. The 7.9 per cent GDP growth rate is still the highest in the world. It means better days ahead for the domestic equity market if this growth rate can be sustained over the next few years. Healthy macroeconomic parameters are vital signs that can give strength to the equity market. Read more
@10.49 AM: Shares of agri-chemicals and fertiliser companies jumped up to 7 per cent in trade on Tuesday after the Met department said there were zero chances of drought this year. Bhagirradha Chemicals jumped 5.77 per cent to Rs 143 on BSE. Pashak climbed 3.58 per cent to Rs 694. Sharda Crop, Monsanto India, Insecticides India and Rallis India gained 3.46 per cent, 2.53 per cent, 2.10 per cent and 1.84 per cent, respectively.
@10.24 AM: Shares of NMDC climbed over 5 per cent in trade after the mining company informed stocks exchanges that it will consider a proposal of buyback of company’s shares when its board of directors meet next week. In a regulatory filing to BSE, the country’s largest iron ore miner said, “A meeting of the board of directors of the company will be held on June 7, 2016, inter alia, to consider the proposal for Buy Back of the fully paid-up equity shares of the Company of face value of Rs. 1 each.” The stock rose 5.26 per cent to hit a high of Rs 91 on BSE. Live chart here
@10.08 AM: Shares of Idea Cellular plunged over 8 per cent in morning trade after the counter witnessed 3.5 per cent of the company’s equity changing hands in five block deals. According to ET Now, the stock saw 12.7 crore shares changing hands in early trade today. A report in leading newspaper had on Thursday suggested that private equity firm Providence Equity Partners was looking to sell almost half of its stake in the telecom operator amounting to $209 million or about Rs 1,400 crore. Live chart here
@9.40 AM: Axis Bank, Bajaj Auto, Hero MotoCorp, Coal India, Tata Steel are among top gainers on BSE Sensex, while Airtel, Sun Pharma, DRL ar among the top losers at this hour.
@9.30 AM: The S&P BSE Midcap Index was up 0.68 per cent and BSE S&P Smallcap Index was trading 0.45 per cent higher.
OPENING BELL: Sensex surges over 100 points; Nifty50 tops 8,250; MMTC rallies 7%; Idea down 5%.
@9.00 AM: Pre-open session: Sensex down 0.10%; Nifty50 0.39%.
@8.55 AM: The domestic equity indices are likely to open on a positive note on Friday, tracking overnight rise in US equities, as investors digest the outcome of the European Central Bank (ECB) policy review meeting and the failure of the Opec nations to reach a consensus on capping crude output. Read more
Meanwhile, Nifty50 futures on the Singapore Stock Exchange were trading 30.50 points higher at 8,264.50, also indicating a positive opening for the domestic market.
@8.50 AM: This is what is happening in Asia ….
@8.35 AM: And here’s what happened in the US markets:
Meanwhile, this is what happened in the European markets:
@8.30 AM: And in financial markets yesterday:
Rupee up: The rupee made a smart recovery against the US currency after falling three day straights and ended 16 paise higher at 67.29 on fresh bouts of dollar selling by banks and exporters.
Call rates up : The overnight call money rates ended higher at 6.20% from Wednesday’s level of 6.03% at the money market owing to good demand from borrowing banks amid tight liquidity in the banking system. It commenced higher at 6.45% and moved in a range of 6.45% and 6.05%.
Bonds rebound: Government bonds (G-Secs) rebounded on renewed buying support from banks and corporates. The 7.88 percent G-Secs maturing in 2030 gained to Rs 100.91 from Rs 100.87 previously, while its yield held stable at 7.77%. The 7.59% G-Secs maturing in 2026 edged up to Rs 100.69 from Rs 100.6850, while its yield ruled steady to 7.49%. The 7.59% G-Secs maturing in 2029 rose to Rs 99.1075 from Rs 99.05, while its yield softened to 7.70% from 7.71%. The 7.68% G-Secs maturing in 2023, the 7.72% G-Secs maturing in 2025 and the 8.27% G-Secs maturing in 2020 were also quoted higher to Rs 100.4375, Rs 100.38 and Rs 103.1450, respectively.
Liquidity: The Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 2703 crore in 5-bids at the overnight repo operation at a fixed rate of 6.50 per cent as on today, while it sold securities worth Rs 11,259 crore from 39-bids at the reverse repo operation at a fixed rate of 6.00 per cent as on June 01.
@8.25 AM: Here goes a recap of how Sensex ended yesterday….
@8.20 AM: Here are all small and big stories that might affect your market today:
► As has become synonymous with the oil cartel, the Organisation of Petroleum Exporting Countries (Opec) disappointed yet again at its latest meeting in Vienna on Thursday. The cartel decided against curtailing production while representing a sanguine market overall.
► The legendary fund manager sees smallcap stocks providing an opportunity to capture India’s growth story and has put $600 million of his $2 billion India holdings in smallcap stocks.
► One of the world’s biggest investment banks, Goldman Sachs, has downgraded its outlook on the yuan from “more cautious” to outright “negative”.
@8.15 AM: And here are some tech picks to begin your trading day…
@8.00AM: Good morning, dear reader!
Here’s something to kickstart your trading day…