Sensex rises over 190 points

The benchmark BSE Sensex surged over 190 points and the NSE Nifty reclaimed the 8,500-mark on Wednesday as traders continued buying, tracking a firm trend in other Asian bourses following record US markets’ closing. Short-covering of bets, on Wednesday being the last session of January expiry in the derivatives segment, kept the overall tempo up. The 30-share index had gained 341.08 points in the previous two sessions.

Metal, banking, capital goods, FMCG, oil and gas, IT and auto sector stocks were leading the rally, which lifted sentiments. Bucking the trend, shares of telecom major Bharti Airtel plunged 3.27% to Rs 306 on nervous selling after the company yesterday reported over 54% fall in consolidated net profit to Rs503.7 crore for the October-December quarter. Brokers said that the market mood remained buoyant, bolstered by domestic and foreign institutional investors’ buying coupled with a firming trend overseas, especially the US markets which ended on a big high in Wednesday’s trade acknowledging new President Donald Trump’s economic policies.

1.45pm: BSE Sensex trades higher by 196 points, or 0.72%, to 27,572, while the Nifty 50 rises 77 points, or 0.91%, to 8,553. Wockhardt Ltd shares fall over 2.65% to trade at Rs 664.30 against the previous session’s closing of Rs682.40.

Sensex surges 210 points

The benchmark Sensex surged over 200 points due to short-covering by speculators ahead of January monthly derivatives contract expiry.

Domestic sentiment got a boost on optimism ahead of the annual budget to be unveiled next week.

The Supreme Court on Monday rejected a petition to delay the Union Budget, which Finance Minister Arun Jaitley is scheduled to deliver on February 1, dismissing concerns about potential giveaways ahead of critical state polls.

Analysts are hoping for a Budget that delivers some incentives to support an economy that has been hit by India's shock move to ban higher-value banknotes.

“Financials have underperformed for sometime because of concerns on growth and outlook after demonetisation,” said Neeraj Dewan, director at Quantum Securities.

“There can be also be some pre-budget buying happening in the market,” Dewan added.

At 2.20 pm, the 30-share BSE index Sensex was up 210.53 points or 0.78 per cent at 27,327.87 and the 50-share NSE index Nifty was up 65.65 points or 0.78 per cent at 8,457.15.

Among BSE sectoral indices, auto index gained the most by 1.33 per cent, metal 1.29 per cent, power 1.24 per cent and capital goods 1.23 per cent. On the other hand, IT index was down 0.32 per cent and TECk 0.17 per cent.

Top five Sensex gainers were Bajaj Auto (+2.68%), M&M (+2.17%), L&T (+2.01%), Power Grid (+1.92%) and Adani Ports (+1.9%), while the major losers were Bharti Airtel (-0.99%), Infosys (-0.69%), HUL (-0.49%) and Cipla (-0.07%).

Banks were among the gainers, with HDFC Bank up nearly 2 per cent and Kotak Mahindra Bank, which will report earnings on Wednesday, rising 0.80 per cent.

IT stocks however fell, with Infosys Ltd and HCL Technologies Ltd down more than 1 per cent each amid worries US President Donald Trump's protectionist stance would adversely impact global exporters.

Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China's influence in the region rises.

MOIL Ltd fell as much as 3.9 pct to its lowest since January 3 after the manganese ore miner said the government would sell 10 per cent stake in the company.

Early today, HCL Technologies reported a 7.8 per cent rise in consolidated net profit at Rs. 2,070 crore for the third quarter ended December 2016.

Sensex up over 100 points

The benchmark Sensex advanced by over 100 points in morning trade today, building on yesterday’s recovery, as investors and domestic institutions widened their bets amid mixed global cues.

The Nifty opened 15 points up at 8,407 while the Sensex opened 54 points up at 27,171.

Short-covering by speculators ahead of January monthly derivatives contract expiry added to the upward move.

Moreover, encouraging earnings numbers from India’s fourth—largest software services exporter, HCL Technologies, too added to the cheer.

The NSE Nifty also recaptured the 8,400—mark.

The BSE 30—share barometer advanced 106.96 points, or 0.39 per cent, to 27,224.30. The gauge had gained 82.84 points in the previous session at about 10 am.

Sectoral indices led by consumer durables, power, banking, PSU, capital goods and metal stocks were in the green, adding up to 1.28 per cent.

The NSE Nifty went past the 8,400-mark by rising 38.90 points, or 0.46 per cent, to 8,430.40. Volatility was a tad down with the India Vix ruling at 15.7750.

Early today, HCL Technologies reported a 7.8 per cent rise in consolidated net profit at Rs 2,070 crore for the third quarter ended December 2016.

Brokers said increased buying in select stocks coupled with covering—up of outstanding short positions ahead of the January month derivatives expiry had a positive impact.

A mixed trend on other Asian bourses too influenced sentiments, they said.

In the Asian region, Hong Kong’s Hang Seng was up 0.30 per cent, while Shanghai Composite index edged down 0.09 per cent in early trade today. Japan’s Nikkei fell 0.07 per cent.

The US Dow Jones Industrial Average ended lower by 0.14 per cent in yesterday’s trade. PTI KPS DP JM 01240953

A report by IFA Global said "Asian stock markets are trading on a mixed note, with Hang Seng index trading higher by 75 points and Nikkei index is trading lower by 13 points as major global indices remained under pressure post-Trump inauguration speech.US stock markets closed on a negative note, the Dow Jones Industrial Average closed lower by 27 points and Nasdaq index closed lower by 2 points. U.S. equities closed lower as U.S. President Donald Trump's focus on trade protectionism fueled suspicions his administration might seek a competitive advantage through a weaker currency.European stock markets closed in the red, with FTSE closed lower by 47 points and CAC lower by 29 point. European markets ended the day lower following weak global cues.

Sensex slips over 100 points

The INDIA VIX is up 1.10% at 15.19. S&P BSE Sensex is trading at 27198.45 down 110.15 points, while NSE Nifty is trading at 8405.45 down 29.65 points.

the S&P BSE Sensex is trading at 27198.45 down 110.15 points, while NSE Nifty is trading at 8405.45 down 29.65 points. A total of 29 stocks registered a fresh 52-week high in trade today, while 5 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 0.18% at 12763.7, whereas BSE Small-cap Index is trading up 0.06% at 12927.84.

Some buying activity is seen in FMCG and Realty while all other sectors are showing weakness on NSE.

Idea, Cipla, Grasim, GAIL and Yes Bank are among the gainers, whereas Axis Bank, Tata Motors, Adani Port, ICICI Bank and Infratel are losing sheen on NSE in the first trading hour.

The INDIA VIX is up 1.10% at 15.19.

Realty stocks gain in the opening hours. Godrej Properties is the top gainer in the first half hour of trading session on Friday.

Prestige is up by almost 2.70% and is trading at Rs 169.50 per share.

Unitech is up by 1.31% trading at Rs 4.64 per share.

DLF is up by 0.83% trading at Rs 133.30 per share

Godrej Properties is trading at Rs 334.45 per share up by 1.33%.

Tata Motors DVR is down by almost 2.21 % trading at Rs 330 per share. Tata Motors DVR has seen a spurt in OI of almost 15.44%.

Markets open on a positive

Mumbai, Jan 18 (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE after opening at 27,261.76 points, touched a high of 27,333.76 and a low of 27,256.74 points.

On Tuesday, the Sensex closed at 27,235.66 points.

The Sensex is trading at 27,328.63 points, up by 92.97 points or 0.34 per cent.

On the other hand, the broader 51-scrip Nifty at National Stock Exchange (NSE) opened at 8,403.85 points after closing at 8,398.00 points.

The Nifty is trading at 8,425.00 points in the morning.

Sensex closes down 53 points

Sensex eased marginally on Tuesday as oil-to-telecoms conglomerate Reliance Industries Ltd dragged on the market over concerns about spending at its telecom unit that overshadowed better-than-expected third-quarter earnings. The market is expected to move within a range ahead of corporate results and the government budget, analysts said, as more companies gear up to report earnings including Axis Bank and Yes Bank on Thursday. The government will unveil budget on 1 February and investors hope for incentives to support an economy hit by cash shortages after a ban on higher-value banknotes.

“Markets are more or less flat and will be range-bound ahead of quarterly results and the union budget wherein investors will watch out on how the allocation happens,” said Siddharth Purohit, senior research analyst with Angel Broking. Losses were led by Reliance Industries whose shares fell as much as 2.3% to its lowest since 29 December. While Reliance’s telecom unit Jio reported strong subscriber addition, its true potential will only become clear once it starts charging full price, which could still be some quarters away, Jefferies analysts wrote in a note. Among gainers, Tata Consultancy Services and Infosys Ltd reversed Monday’s losses and were up 0.8% and 0.2%, respectively.

3.30pm: BSE energy index falls by 2.11%, BSE oil & gas index decreases by 1.39%, while BSE metal index declines by 1.52%. BSE Sensex closes lower by 52.51 points, or 0.19%, to 27,235.66, while the Nifty 50 falls 14.80 points, or 0.18%, to 8,398.

3.09pm: BSE Sensex trades lower by 48 points, or 0.18%, to 27,240, while the Nifty 50 falls 9 points, or 0.10%, to 8,404. BSE energy index falls 2%, BSE oil & gas index declines 1.35% while BSE metal index falls 1.56%.

2.31pm: BSE Sensex trades lower by 88 points, or 0.32%, to 27,200, while the Nifty 50 falls 28 points, or 0.33%, to 8,385.

1.33pm: BSE Sensex trades lower by 72 points, or 0.26%, to 27,216, while the Nifty 50 falls 16 points, or 0.19%, to 8,396.

Sensex trading flat; consumer durables, FMCG stocks major gainers

The Nifty and the Sensex opened and traded flat to positive following global cues. The Nifty opened 2 points up at 8,415, while the Sensex opened 44 points up at 27,332.

At 10.10 a.m., the 30-share BSE index Sensex was up 22.74 points or 0.08 per cent at 27,310.91 and the 50-share NSE index Nifty was up 8.15 points or 0.1 per cent at 8,420.95.

Barring Nifty Metals, all broader and sectoral indices were trading flat.Volatility was a tad down with the India Vix ruling at 15.0400.

Among BSE sectoral indices, consumer durables index gained the most by 0.79 per cent, followed by FMCG 0.6 per cent, IT 0.56 per cent and banking 0.53 per cent, while metal index was down 0.52 per cent and oil & gas 0.33 per cent.

Top five Sensex gainers were Axis Bank (+1.59%), HUL (+1.35%), Asian Paints (+1.33%), TCS (+1.04%) and NTPC (+0.82%), while the major losers were Reliance (-2.13%), Tata Steel (-1.17%), Lupin (-0.68%), Cipla (-0.67%) and Adani Ports (-0.62%).

A report by IFA Global said: "Asian stock markets are trading on a mixed note, with Hang Seng index trading higher by 96 points and Nikkei index trading lower by 113 points following lack of global cues as US markets remained closed yesterday. On Friday, US stock markets closed on a flat note. The Dow Jones Industrial Average closed lower by 5 points and Nasdaq index closed higher by 26 points. US equities closed almost flat after mixed set of economic data released on Friday. European stock markets closed on a negative note, with FTSE closed lower by 10 points and CAC lower by 40 points. European markets ended the day on a negative note ahead of UK prime minister's speech scheduled today."

Live Stock Market Updates

the S&P BSE Sensex is trading at 27191 down 47 points, while NSE Nifty is trading at 8379 down 21 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 4 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.16% at 12659.06, whereas BSE Small-cap Index is trading up 0.13% at 12706.09.

Some buying activity is seen in Media, Metal, PSU Bank, Realty, while Auto, Bank, Financial Services, FMCG, IT, Pharma, Private Bank are showing weakness on BSE.

Axis Bank, ITC, HDFC, GAIL, Tech Mahindra are among the gainers, whereas Idea, TCS, Hindalco, Infosys, NTPC are losing sheen on NSE in the first trading hour.

The INDIA VIX is flat at 14.3825.

Sensex up 128 points on positive

MUMBAI, JAN 11:  

The benchmark BSE index Sensex was trading above the 27,000-mark and the NSE index Nifty above the 8,300-level on a flurry of buying by retail and domestic investors owing to positive global cues.

However, caution prevailed ahead of macroeconomic data and quarterly earnings from blue-chip companies.

At 10.45 a.m., the 30-share BSE index Sensex was up 127.98 points or 0.48 per cent at 27,027.54 and the 50-share NSE index Nifty was up 45 points or 0.54 per cent at 8,333.60.

Barring IT and TECk, all other BSE sectoral indices were trading in the green. Among them, metal index surged the most by 3.8 per cent, banking 1.29 per cent, capital goods 0.93 per cent and PSU 0.83 per cent. On the other hand, IT index was down 0.39 per cent and TECk 0.19 per cent.

Top five Sensex gainers were Tata Steel (+3.78%), Coal India (+3.41%), Lupin (+1.55%), L&T (+1.19%) and Adani Ports (+1.17%), while the major losers were Bajaj Auto (-0.9%), TCS (-0.88%), Cipla (-0.85%), Hero MotoCorp (-0.46%) and Infosys (-0.37%).

A report by SMC Global said: "India's auto sales saw their biggest monthly fall in 16 years in December due to demonetisation drive. Asian stocks opened higher following a surge in metal stocks after evidence of quickening price growth in China boosted metals and other commodities. Crude oil prices dropped to a one-month low. European stock markets, which had opened broadly lower, closed the day on a firmer note, while Wall Street shares closed mixed. US stocks have risen in the last two months in anticipation of easier fiscal policy based on Trump's campaign promises of increased infrastructure spending and tax cuts. Hiring increased for the month of November in the US, indicating a steady growth in the jobs market, according to data from the US Labor Department. The number of positions waiting to be filled rose 71,000 to 5.52 million which was in line with the forecast of 5.5 million. While hiring increased to 5.22 million from 5.16 million, the rate of hiring remained unchanged at 3.6 per cent."

Sensex closes up 173 points

BSE Sensex closes higher by 173 points, or 0.65, to 26,890, while the Nifty 50 rises 53 points, or 0.64%, to 8,289

Mumbai: Market benchmark Sensex rebounded by over 173 points to finish at 26,899.56 on Tuesday as domestic investors heavily bought into recently battered metal, auto and oil & gas stocks amid a higher opening of the European markets.


Sensex snapped its two-day falling streak, supported by value-buying in select blue-chip stocks amid mixed global cues. The gauge had lost 151.69 points in the previous two sessions ahead of earnings season and macroeconomic numbers due this week amid looming fears of a slowdown in the country’s GDP growth.

Domestic Institutional Investors (DIIs) were net buyers as they bought shares worth Rs96.82 crore, while Foreign Portfolio Investment (FPIs) offloaded shares amounting to Rs325.10 crore, provisional data showed. However, concerns prevailed ahead of earnings season and macroeconomic data, to be released later this week. The BSE benchmark Sensex opened higher at 26,811.63 and hovered in a range of 26,914.95 to 26,804.17 before finishing at 26,899.56, showing a gain of 173.01 points or 0.65%.

Sentiment was, however, subdued ahead of India’s budget, scheduled on 1 February, and caution ahead of key global events such as Donald Trump’s swearing-in as US president later this month. “Markets are consolidating like they have been in the past couple of weeks and are in a very narrow range as they wait for the quarterly results and for Donald Trump to take over as president of the US,” said Dipen Shah, senior vice president, public client group research, Kotak Securities.