Sensex, Nifty choppy

The S&P BSE Sensex is trading at 26671.60 up 20.85 points, while NSE Nifty is trading at 8,221 down 1.80 points.

The November data highlighted an eleventh consecutive monthly improvement in manufacturing conditions across India, with the headline seasonally adjusted Nikkei India Manufacturing Purchasing Managers’ Index (PMI) registering 52.3. However, down from October’s 22-month high of 54.4, the latest reading pointed to a modest upturn overall.

At 11:10 AM, the S&P BSE Sensex is trading at 26671.60 up 20.85 points, while NSE Nifty is trading at 8,221 down 1.80 points. A total of 20 stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 0.37% at 12452.83, whereas BSE Small-cap Index is trading down 0.02% at 12326.82.

Some buying activity is seen in pharma and FMCG, while Banking, Metal, Auto, Oil & Gas are showing weakness on BSE.

GAIL, Eicher Motors, ONGC, InfraTel, Lupin, Cipla, Reliance are among the gainers, whereas BPCL, Asian Paints, Tata Motors, ICICI Bank, PowerGrid are losing sheen on BSE.

The INDIA VIX is down 1.45% at 16.6050. Out of 1,877 stocks traded on the NSE, 840 declined, 691 advanced and 346 remained unchanged today.

Nifty settles above 8,200 mark

Out of 1,800 stocks traded on the NSE, 447 declined, 1,095 advanced and 338 remained unchanged today. The INDIA VIX is down 0.48% at 17.6225.

The Indian equity market extended gains for a fourth straight day tracking positive global market setup, with an advance in automakers offsetting losses in select metal stocks and also on continued buying by domestic institutional investors amid expectations of positive GDP data to be released later in the day.

At 2:05 PM, the S&P BSE Sensex is trading at 26,474 up 80 points, while NSE Nifty is trading at 8,190 up 48 points. Out of 1,800 stocks traded on the NSE, 447 declined, 1,095 advanced and 338 remained unchanged today.

A total of 20 stocks registered a fresh 52-week high in trade today, while eight stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.50% at 12,429, whereas BSE Small-cap Index is trading up 1% at 12,295.

Ambuja Cement, Grasim, ACC, ICICI Bank, Adani Ports, Maruti are among the gainers, whereas Idea, Infratel, BPCL, Hindalco, ITC are losing sheen on NSE.

Buying activity is seen in Banking, Healthcare, Consumer Durables, Auto, Capital Goods sectors while Metal, Telecom, Oil & Gas, FMCG, Energy sectors are showing weakness on BSE.

The INDIA VIX is down 0.48% at 17.6225.

Idea Cellular fell 3%.  Axiata is looking to sell its 20% stake in Idea Cellular as the Malaysian company believes the Indian telecom provider's valuation will remain subdued for at least the next three years given the likelihood of a pricing onslaught stemming from the entry of Reliance Jio Infocomm, as per media report.

Tata Power gained 1.2%. Tata Power posted a consolidated net profit of Rs 336 crore for the quarter ended on September 30, 2016. It had posted a consolidated net loss of Rs 96 crore in the corresponding quarter last year.

Welspun Corp jumps 15.8% on the BSE. The company experienced a spurt in volumes by more than 13.51 times.

IDFC Bank  tanked 4% on the BSE. According to TV reports, 4.3 crore shares have changed hands in a single block deal.

GVK Power & Infrastructure slipped 1% after the company has posted a net loss of Rs 13 crore for the quarter ended September 30, 2016 as compared to net loss of Rs 8.1 crore for the quarter ended September 30, 2015.

National Fertilizer gained 1.5%. The company reported an 11% decline in net profit at Rs 46.5 crore for the quarter ended September 30. Its net profit had stood at Rs 52 crore in the year-ago period.

HCC advanced 1.2%. Hindustan Construction Company said its board would consider issuance of equity shares as well as optionally convertible debentures to lenders under the scheme for sustainable structuring of stressed assets.

Lupin is trading flat on the BSE. The pharma company has received approval from the US health regulator to market its Armodafinil tablets, indicated to improve wakefulness, in the American market.

Vivimed Labs zoomed 8.5% The company on Wednesday said the US health regulator has completed the inspection of its manufacturing facility in Alathur. The company's 'Finished Dosage Form' manufacturing facility has had a favourable outcome post its US Food and Drug Administration (USFDA) inspection.

Quess Corp slipped 1.7%.  Quess Corp is acquiring the facility management and catering businesses of Manipal Integrated Services. The purchase will help strengthen its market position in integrated facility management, the company said.

UCO Bank inched up 1%. The bank has raised Rs 270.59 crore by issuing over 7 crore shares to LIC on preferential basis. “Bank has issued and allotted 7,17,00,000 shares of Rs 10 each to LIC at an issue price of Rs 37.74 per share, including a premium of Rs 27.74 on preferential basis," it said in a regulatory filing.

Punj Lloyd gained 2%. The company will announce its Q2 numbers today. 

The Indian rupee opened lower by two paise at 68.67/$ against the previous close of 68.65/$.

Asian markets opened mixed as oil weakness saw exporters fall while importers saw rise in indices. Overnight the US indices rallied with the tech heavy Nasdaq hitting fresh 52 week highs as risk on trade returns with any fall being an opportunity to buy.

A boost in prices could resurrect not just energy stocks but many other asset classes. US GDP numbers came in at 3.2pc in the September quarter raising hopes of a rate hike next month.

In India, September quarter domestic GDP growth will be in focus; the impact of demonetisation will be known only next quarter. The fiscal deficit numbers and infrastructure output data are also on tap today. Fitch Ratings has cut the GDP growth forecast for FY17 to 6.9 pc from 7.4 pc, citing the demonetisation effect.

Sensex surges 259 points

The Sensex and Nifty ended higher for a fourth consecutive session as banks rallied after the central bank allowed lenders to include old 500 and 1,000 rupee notes as part of their cash balance, making it easier to meet cash
reserve ratio requirements.
But indexes still posted their biggest fall since February as the sentiment was dented by fears about the economic fallout from the country's demonetisation drive and on heavy foreign selling.

The BSE index rose 258.80 points or 0.98 per cent to 26,652.81, but was down 4.61 per cent this month.

The broader NSE index ended up 82.35 points or 1.01 per cent at 8,224.50, but fell 4.79 per cent for the month.

Among BSE sectoral indices, consumer durables index gained the most by 2.46 per cent, followed by banking 2.2 per cent, capital goods 1.57 per cent and infrastructure 1.19 per cent.

Top five Sensex gainers were ICICI Bank (+3.62%), Maruti (+3.39%), SBI (+2.15%), L&T (+2.07%) and HDFC Bank (+1.74%), while the major losers were Lupin (-0.91%), GAIL (-0.74%), Cipla (-0.45%), Reliance (-0.31%) and Coal India (-0.1%).

US GDP growth

The election of Donald Trump as the US President has sparked flows from emerging markets to the United States. Data on Tuesday showed the US economy grew faster than initially thought in the third quarter, notching its best performance in two years.

FII selling

Foreign investors have sold a net $2.46 billion in Indian shares so far this month, their biggest monthly sales since August 2015, according to data compiled by NewsRise Financial.

But worries about demonetisation are starting to subside. HSBC has cut its target for the BSE index to 30,500 from 32,400 by the end of 2017, but said it remained “overweight” on Indian stocks.

“We believe the cash situation will return to something approaching pre-demonetisation levels over the next four-six weeks,” HSBC said in a note.

“Once the cash crunch is over, we should see growth in financial inclusion, digital payments and banking liquidity as parts of the shadow economy move into the mainstream, boosting growth.”

A report by SMC Global said: "Asian stocks edged higher today reflecting upbeat US growth news, while oil steadied after a sharp drop as OPEC struggled to agree on a production cut. US stocks closed higher on Tuesday with the Nasdaq touching a record, but the market failed to make much headway as oil futures slumped ahead of a key meeting of major crude producers. US consumer confidence index surged to 107.1 in October from an upwardly revised 100.8 in October. Economists had been expecting the index to climb to 101.0 from the 98.6 originally reported for the previous month. With the bigger than expected increase, the consumer confidence index reached its highest level since hitting 111.9 in July of 2007."

India stocks higher at close of trade; Nifty 50 up 0.19%

Investing.com – India stocks were higher after the close on Tuesday, as gains in the Auto, Consumer Durables and Green Energy sectors led shares higher.
At the close in NSE, the Nifty 50 rose 0.19%, while the BSE Sensex 30 index climbed 0.17%.

The best performers of the session on the Nifty 50 were Eicher Motors Ltd. (NS:EICH), which rose 5.18% or 1046.25 points to trade at 21260.15 at the close. Meanwhile, Idea Cellular Ltd (NS:IDEA) added 4.88% or 3.70 points to end at 79.50 and Bosch Ltd (NS:BOSH) was up 4.50% or 872.45 points to 20280.00 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 1.74% or 3.10 points to trade at 175.55 at the close. AXIS Bank Ltd. (NS:AXBK) declined 1.52% or 7.20 points to end at 465.70 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was down 1.25% or 8.95 points to 706.20.
The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 3.96% to 5090.85, Asian Paints Ltd. (BO:ASPN) which was up 2.17% to settle at 958.40 and Bharti Airtel Ltd (BO:BRTI) which gained 2.11% to close at 324.20.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 1.59% to 465.30 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 1.05% to settle at 706.30 and ITC Ltd (BO:ITC) which was down 0.99% to 231.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 951 to 531 and 46 ended unchanged; on the Bombay Stock Exchange, 1545 rose and 1009 declined, while 192 ended unchanged.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 1.92% to 17.7075.
Gold for December delivery was down 0.40% or 4.80 to $1186.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.87% or 0.88 to hit $46.20 a barrel, while the February Brent oil contract fell 1.85% or 0.91 to trade at $48.30 a barrel.
USD/INR was up 0.12% to 68.660, while EUR/INR fell 0.06% to 72.7470.
The US Dollar Index was up 0.19% at 101.40.

Footsie lower as commodity stocks

The Footsie remained weak at lunchtime, weighed by falls from heavyweight commodity stocks as oil prices fell on caution ahead of tomorrow’s key Opec meeting in Vienna, with banks also lower ahead of UK stress test results.
Around mid session, the FTSE 100 index was down 41.0 points, or 0.6 per cent at 6,758.4, just off the day’s low of 6,745.41, and well below an early peak of 6,800.91.
US stock index futures pointed to little change at the open today in New York as traders suggested that the post-presidential election rally could have run its course, with uncertainty ahead of the Opec meeting a depressant.

Oil prices were lower today, reversing some of yesterday’s afternoon rally as doubts remain that the producer cartel will be able to hammer out a meaningful output cut agreement, which is aimed at reining in a global supply overhang and propping up prices. Brent crude fell 1.3 per cent to $47.60 a barrel.
US investors will also have a raft of economic data to digest today, including another reading for US GDP growth, as well as speeches from a number of Federal Reserve officials.

asper Lawler, Market Analyst at CMC Markets, said: ‘Later on data is expected to show US GDP grew at 3.0 per cent y/y in Q3, up from 2.9 per cent in the prior reading.
‘The US economy has had a stop-start year, but the most recent Q3 data showed signs of an upswing. This next revision should provide confirmation, adding fuel to the belief that US rates could rise next year.’
European markets, however, managed to tick higher, with Germany’s Dax 30 index up 0.1 per cent, and France’s CAC 40 index ahead 0.6 per cent.
Meanwhile Italy’s MIB rallied 1.0per cent higher after sharp falls yesterday, thanks to some bargain hunting, as sentiment around next weekend’s crucial constitutional referendum in the country ebbed and flowed.

Jasper Lawler, Market Analyst at CMC Markets, said: ‘Later on data is expected to show US GDP grew at 3.0 per cent y/y in Q3, up from 2.9 per cent in the prior reading.
‘The US economy has had a stop-start year, but the most recent Q3 data showed signs of an upswing. This next revision should provide confirmation, adding fuel to the belief that US rates could rise next year.’
European markets, however, managed to tick higher, with Germany’s Dax 30 index up 0.1 per cent, and France’s CAC 40 index ahead 0.6 per cent.
Meanwhile Italy’s MIB rallied 1.0per cent higher after sharp falls yesterday, thanks to some bargain hunting, as sentiment around next weekend’s crucial constitutional referendum in the country ebbed and flowed.

On currency markets, the pound pushed higher at lunchtime, adding 0.6 per cent against the dollar at $1.2482, and also gaining 0.6 per cent versus the euro at €1.1776.
Today’s UK data proved fairly upbeat, with Bank of England lending numbers showing mortgage approvals and total levels of consumer credit rose more than expected in October.
Meanwhile a report released overnight showed that British consumer morale edged up this month, bolstered by a strong labour market, despite rising concern about household finances.
Among equities, falls by commodity stocks remained the main drag on the FTSE 100 as oil and metal prices retreated after a rally yesterday, with silver miner Fresnillo dropping 2.9 per cent, or 37p at 1,241p, and copper miner Antofagasta losing 2.9 per cent, or 21.0p to 707.5p, while energy giant BP shed 1.6 per cent, or 7.1p at 445.2p.
Banking stocks were also struggling again ahead of UK stress test results tomorrow and amid concerns over Italy's referendum vote on constitutional reforms which could precipitate a collapse in the Italian banking sector.

AirAsia India saw its loss marginally narrow to Rs. 62.18crore in the latest quarter, from Rs. 63.14 crore in the year-ago period.New Delhi: Malaysia's AirAsia Berhad has pumped in additional funds worth Rs. 115 crore in AirAsia India, which reported a net loss of Rs. 62 crore in the latest September quarter. In AirAsia India, which started operations in June 2014, the Malaysian carrier holds 49 per cent stake while the remaining 51 per cent is with the Tatas. Announcing its earnings for the three months ended September 2016 to the Malaysian stock exchange today, AirAsia Berhad said it has increased investments in the Indian joint venture airline. "In the current quarter, AirAsia Berhad through its wholly-owned subsidiary AirAsia Investment Ltd subscribed to 1,14,905,000 shares of Rs. 10 each aggregating Rs. 1,149,050,000 equivalent to RM71.1 million. This has increased total investment in AirAsia India...," the Malaysian airline said in a filing.AirAsia India saw its loss marginally narrow to Rs. 62.18 crore in the latest quarter, from Rs. 63.14 crore in the year- ago period. However, revenues rose to 31 per cent Rs. 175.11 crore in the three months ended September. It stood at Rs. 132.95 crore in the same period a year ago. During the quarter under review, the number of people carried by AirAsia India rose 42 per cent with a unit passenger revenue of Rs. 2,976. Ancillary income per passenger was at Rs. 409 while the load factor was at 88 per cent for the local carrier, the filing said. "In India, the forecast load factor for the third quarter of 2016 is at 84 per cent. For the remaining quarter of 2016, AirAsia India will remain focused on building a footprint in the Indian domestic market with the introduction of new routes and frequency increases," the filing said. Earlier this month, AirAsia India CEO Amar Abrol had said the airline will continue to make investments and expand fleet size to 10 in the current financial year ending March 2017. AirAsia India came into focus recently after ousted Tata Group chairman Cyrus Mistry alleged fraudulent transactions of Rs. 22 crore at the carrier.

 AirAsia Invests Rs. 115 Crore More In AirAsia IndiAirAsia India saw its loss marginally narrow to Rs. 62.18crore in the latest quarter, from Rs. 63.14 crore in the year-ago period.New Delhi: Malaysia's AirAsia Berhad has pumped in additional funds worth Rs. 115 crore in AirAsia

India, which reported a net loss of Rs. 62 crore in the latest September quarter.

AirAsia India, which started operations in June 2014, the Malaysian carrier holds 49 per cent stake while the remaining 51 per cent is with the Tatas.

Announcing its earnings for the three months ended September 2016 to the Malaysian stock exchange today, AirAsia Berhad said it has increased investments in the Indian joint venture airline.  

"In the current quarter, AirAsia Berhad through its wholly-owned subsidiary AirAsia Investment Ltd subscribed to 1,14,905,000 shares of Rs. 10 each aggregating Rs. 1,149,050,000 equivalent to RM71.1 million. This has increased total investment in AirAsia India...," the Malaysian airline said in a filing.AirAsia India saw its loss marginally narrow to Rs. 62.18 crore in the latest quarter, from Rs. 63.14 crore in the year- ago period.

However, revenues rose to 31 per cent Rs. 175.11 crore in the three months ended September. It stood at Rs. 132.95 crore in the same period a year ago.

During the quarter under review, the number of people carried by AirAsia India rose 42 per cent with a unit passenger revenue of Rs. 2,976. Ancillary income per passenger was at Rs. 409 while the load factor was at 88 per cent for the local carrier, the filing said.

"In India, the forecast load factor for the third quarter of 2016 is at 84 per cent. For the remaining quarter of 2016, AirAsia India will remain focused on building a footprint in the Indian domestic market with the introduction of new routes and frequency increases," the filing said.

Earlier this month, AirAsia India CEO Amar Abrol had said the airline will continue to make investments and expand fleet size to 10 in the current financial year ending March 2017.

AirAsia India came into focus recently after ousted Tata Group chairman Cyrus Mistry alleged fraudulent transactions of Rs. 22 crore at the carrier.

Sensex snaps two-day winning spell, falls 192 points

Sensex closes lower by 191.64 points, or 0.74%, to 25,860.17, while the Nifty 50 of NSE falls 67.8 points, or 0.84%, to 7965.50Mumbai: Snapping its two-day rising trend, the Sensex slumped 192 points to finish below the 26,000-level due to profit-booking on the last day of November contracts and a fragile rupee, which hit record low against the dollar. The rupee plunged to a fresh life-time low of 68.86 (intra-day) against the greenback, surpassing its previous low of 68.85 tested on 28 August 2013.

It ended the day at 68.73, down 17 paise, amid reports of the RBI selling dollars to stem the slide. The Sensex resumed slightly lower at 26,049.14 and dropped further to 25,810.97 before ending at 25,860.17, showing a loss of 191.64 points or 0.74 %. The index had gained 286.67 points or 1.11% in the previous two days. The NSE 50-share Nifty too dropped by 67.80 points or 0.84% to close below the crucial 8,000-level to 7,965.50.

It had gained 104.20 points or 1.31% in two days. “Continued weakness in rupee against dollar, last hour of expiry square-off and the disruptions in Rajya Sabha debate over demonetisation dragged the market,” said Vinod Nair, head of research, Geojit BNP Paribas Financial Services.

Participants offloaded their long bets in futures and options (F&O) segment instead of carrying them forward to the next series for December. Foreign funds sold shares net Rs1,023.12 crore on Wednesday, as per provisional figures issued by the stock exchanges.

Investors fear that upbeat US economic data has strengthened the case for a rate hike in the US, sparking capital outflows from emerging markets. The US stock market will remain closed on Thursday on account of Thanksgiving holiday. Globally, Hong Kong’s Hang Seng fell 0.30%, while Japan’s Nikkei rose 0.94 %. Shanghai Composite Index gained 0.02 %. European shares too were trading mixed, with London’s FTSE falling 0.14 %, while Paris CAC-30 gaining 0.15% in early deals.

Frankfurt’s DAX was up 0.05%.

Sensex below 26K, down 150 points

Live Stock Market Updates - Sensex below 26K, down 150 points

ADANI PORTS, ONGC, NTPC, COAL INDIA are among the gainers while MARUTI, HUL, ITC and HDFC BANK are among the top losers early in the morning trade.The Sensex pared gains after rallying as much as 120 points in morning trade on Monday, led by losses in HDFC, Infosys, TCS, TCS, and Maruti Suzuki. The domestic market fluctuating between gains and losses as energy producers advanced while automakers and lenders declined.

The Nifty50 reclaiming 8,100 mark but immediately turned volatile ahead of expiry of November futures & options contracts due on Thursday.At 9.20 am, the S&P BSE Sensex is trading at 26148 down 2.30 points, while NSE Nifty is trading at 8,050 down 24 points.

The BSE Mid-cap Index is trading up 0.18% at 12094, whereas BSE Small-cap Index is trading up 0.24% at 11897.

ADANI PORTS, ONGC, NTPC, COAL INDIA are among the gainers while MARUTI, HUL, ITC and HDFC BANK are among the top losers early in the morning trade.

Some of the buying sectors were Telecom, Oil & Gas and Metals. On the hand, Banking, Auto, Finance, FMCG and Pharma were the sectors on the losing side.

The INDIA VIX is up 1.54% at 18.0800.

Out of 1863 stocks traded on the NSE, 789 declined, 645 advanced and 429 remained unchanged today.
A total of three stocks registered a fresh 52-week high in trade today, while 25 stocks touched a new 52-week low on the NSE.

Bombay Stock Exchange

Bombay Stock Exchange opens regional office in Shimla

The centre will facilitate query handling, redressal of grievances against trading members and arbitration mechanism.New Delhi: Leading stock exchange BSE today opened its regional investor service centre in Shimla as part of its efforts to expand its operations and in line with SEBI's directives. With the opening of the new service centre, the exchange now has presence in 24 cities across the country.

The centre will facilitate query handling, redressal of grievances against trading members and arbitration mechanism.

"The investors can approach the services centre to enhance their awareness regarding the capital market and in particular the working of the stock exchanges," BSE said in a notice.

"The services centre will also play a pivotal role in enhancing and maintaining investors faith and confidence by resolving their grievances," it added.

The Securities and Exchange Board of India (SEBI) in July 2013 had asked bourses to increase the number of investor service centres, with a view to extending reach of arbitration facilities to the investors.

Among other, BSE centres are available in Mumbai, Delhi, Chennai, Bengaluru, Goa, Guwahati Bhubaneswar Kochi and Dehradun.  

Sensex crashes 740 points

Sensex crashes 740 points, Nifty tanks below 8,300 

The benchmark BSE Sensex crashed 740 points and the NSE index Nifty nosedive below 8,300 level as emerging market shares and currencies slumped as investors feared higher US interest rates under incoming President Donald Trump will spark capital outflows.

Higher US interest rates could make emerging markets less attractive for global investors, sparking outflows and hitting currencies such as the rupee.

The partially convertible rupee was at 67.0400 per dollar versus its previous close of 66.6250. It fell as low as 67.2000, its lowest since August 29, earlier in the day.

At 3.20 p.m., the 30-share BSE index Sensex was down 687.76 points or 2.5 per cent at 26,829.92 and the 50-share NSE index Nifty was down 226.20 points or 2.65 per cent at 8,299.55.

All BSE sectoral indices were trading in the red. Among them, realty index plunged the most by 4.41 per cent, consumer durables 4.31 per cent, auto 4.16 per cent and FMCG 2.82 per cent.

Major Sensex losers were Adani Ports (-6.11%), M&M (-5.03%), Tata Motors (-5.00%), Asian Paints (-4.85%) and ICICI Bank (-4.73%), while the only gainer was Sun Pharma (+4.06%).

“The larger cause of worry is with the currency. In global markets, some of the currencies are getting hit very badly against the dollar, resulting in significant amount of economic damage to those countries,” said Deven Choksey, managing director at KR Choksey Securities.

The Nifty bank index dropped as much as 1.41 per cent, after a four-session winning streak on the back of hopes that India's unexpected push to withdraw larger banknotes from circulation would lead to a surge in lenders' cash positions.

ICICI Bank Ltd and Yes Bank Ltd were among the biggest percentage losers on the index.

The Nifty IT index fell 2.51 per cent, heading for its biggest weekly fall since mid-February, on worries about what Trump's election would meant for the export-dependent sector.

Sensex rises 265 points during afternoon

Sensex rises 265 points during afternoon, Nifty up by 93 points
The market on Thursday opened on a positive note with BSE Sensex up 260 points or 1 percent above previous close, while Nifty was also in the green.
The Sensex on Wednesday recovered over 265 points as banking stocks rallied on expectations of increase in deposits after the higher value notes withdrawal by the Centre and also Republican Donald Trump winning the US election.
Sensex closed at 27,517.68, up 265.15 points, or 0.97 per cent, During Intra-day, it shuttled between 27,743.46 and 27,457.05.
Nifty ended the day at 8,525.75, a gain of 93.75 points, or 1.11 per cent after swinging between 8,598.45 and 8,510.70.
Stocks like PNB, Bank of India, SBI, Bank of Baroda, Yes Bank, Canara Bank, Federal Bank ICICI Bank, Axis Bank and HDFC Bank were the big gainers of the day.
The BSE small-cap rose 1.75 per cent and the mid-cap up 1.65 per cent.

Sensex ends 265 points up

Sensex ends 265 points up

The BSE benchmark Sensex, which zoomed nearly 500 points to 27,743.46 in late morning trades, ended the day at 27,517.68, recording a gain of 265.15 points or 0.97%. The Nifty50 of the National Stock Exchange ended up 93.75 points or 1.11% at 8525.75, after touching a high of 8598.45 intraday. In the forex market, the rupee rose to a two-month high of 66.34 against the U.S. dollar, before retreating to around 66.40 a dollar, still up 0.05% from its previous close of 66.44. Metal stocks were the star performers today. Mirroring heavy buying in that space, the BSE Metal index rose more than 6%. Bank stocks were in demand, and with top stocks in the banking space surging higher, the BSE Bankex ended 3.63% up. Realty and cement stocks, which were the most prominent losers in the previous session, moved up sharply today and despite retreating from higher levels during the later part of the day, settled with notable gains. Telecom, capital goods, power, oil and healthcare stocks too trended higher, while information technology, consumer discretionary and automobile stocks ended on a mixed note. Several stocks from midcap and smallcap sections rallied sharply. Among Sensex stocks, Tata Steel spurted 9.3%, State Bank of India surged up 8.5%, Cipla gained nearly 7% despite reporting a decline in second quarter earnings, Coal India gained nearly 5% and Power Grid Corporation (on strong results) gained 4.4%. ICICI Bank, Axis Bank and Adani Ports gained 3.7% - 4%. Bharti Airtel, ONGC, HDFC Bank and Larsen & Toubro also rose sharply. Asian Paints declined 3.5%. Hero Motocorp, Lupin, HDFC, Infosys, Bajaj Auto, Maruti Suzuki and Mahindra & Mahindra ended lower by 1% - 3%. Nifty stocks Bank of Baroda (9.3%), Hindalco (8.7%), Bharti Infratel (6.7%), Yes Bank (5.8%),  Aurobindo Pharma (4.5%) and Tata Power (4%) ended with handsome gains. Grasim Industries, Tech Mahindra, UltraTech Cement, BHEL, HCL Technologies, IndusInd Bank, ACC and Idea Cellular also ended on a firm note. Bank of India rallied sharply and ended with a hefty gain of 13% on turnaround results. Motherson Sumi Systems, Manappuram Finance, Caplin Point, JK Tyre, Rane Holdings, Power Grid Corporation and Bodal Chemicals also climbed up on strong results. The market breadth was very strong. Out of 2882 stocks traded on BSE, 2029 stocks moved up. 721 stocks declined and 132 stocks ended flat.

Sensex jumps over 390 points

Live: Sensex jumps over 390 points; Asian Paints stocks fall 1.76%

Shares of India’s third largest bank by market capitalization, ICICI Bank, rose as much as 6.02% to Rs298.40 —the highest since August 2015
The 30-share Sensex is trading 394.01 points up, or 1.45%, at 27,646.54 from its previous close. The Nifty50 of National Stock Exchange (NSE) rises 133.7 points, or 1.59%, to 8,565.70 points

Bank stocks rose sharply by up to 9.5% on Thursday after the government’s decision to withdraw Rs500 and Rs1,000 currency notes from circulation in a bid to curb black money and terror funding. Shares of Bank of Baroda jumped 9.56%, followed by Punjab National Bank (9.19%) and SBI (8.73 %) on BSE. Shares of India’s third largest bank by market capitalization, ICICI Bank, rose as much as 6.02% to Rs298.40, highest since August 2015. Banks have been ordered to remain open on the weekend as well as function late till 9pm for three days beginning Thursday to deal with the huge rush.

2.30pm: India’s benchmark 30-share Sensex is trading 394.01 points up, or 1.45%, at 27,646.54. The Nifty50 of National Stock Exchange (NSE) rises 133.7 points, or 1.59%, to 8,565.70 points

1.50pm: India’s benchmark 30-share Sensex is trading 455.68 points up, or 1.67%, at 27,708.21 from its previous close. The Nifty50 of National Stock Exchange (NSE) rises 145 points, or 1.72%, to 8,577 points.

1.00pm: Hindalco Industries rose 7% to Rs173.75. Rating firm CLSA has added the company’s stock into the former’s portfolio as it sees US infrastructure spend boost.

12.40pm: India’s benchmark 30-share Sensex index is trading 473.22 points up, or 1.74%, at 27,725.75. The Nifty 50 of National Stock Exchange (NSE) rises 162.65 points, or 1.93%, to 8,594.65 point

Live Stock Market Updates

Live Stock Market Updates - Sensex rallies over 350 points
The BSE Mid-cap Index is trading up 2% at 12,976 whereas BSE Small-cap Index is trading up 2.58% at 13,025. Out of 1,852 stocks traded on the NSE, 158 declined, 1,362 advanced and 368 remained unchanged today.the S&P BSE Sensex is trading at 27,624, up 371 points, while NSE Nifty is trading at 8,545 up 114 points. The BSE Mid-cap Index is trading up 2% at 12,976 whereas BSE Small-cap Index is trading up 2.58% at 13,025.

Tata Steel, Cipla, SBI, Bharti Airtel and Sun Pharma are among the gainers, whereas Infosys, Godrej Properties, Redington and Prestige estates are losing sheen on BSE.

All the BSE sectoral indices were trading in the positive territory. Some buying activity is seen in metal, telecom, auto, banking, basic materials and pharma sectors.

The INDIA VIX is down 10.28% at 14.9100. Out of 1,852 stocks traded on the NSE, 158 declined, 1,362 advanced and 368 remained unchanged today.

A total of 18 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.The rupee opened lower at 66.39/$ as against the previous close of 66.42/$.

Asian markets opened deep in the green as oversold indices saw short covering coupled with fresh buying as the Dow Jones index touched new highs. This after huge intraday swings with US futures hitting lows of -800 points at one time. Bond yields on the US 10 year paper hit over 2% as optimism on growth with infra spending rising saw the yields near 9 month highs.         

The markets have been roiled for some time ever since the chances of a Trump victory surfaced though major bets remained on Hillary who eventually had to concede defeat. For now, Trump’s acceptance speech suggests he has indeed left the campaign ‘trumpisms’ aside and is set to usher in a new world order. The US markets may not have saluted his victory on Wednesday but he is known to be a friend of Wall Street.

Bonds and Gold which saw some smart up move failed to maintain their gains. Banks in India are stepping up activity to help cope with disruption caused by the withdrawal of Rs 500 and Rs 100 currency notes. While a lot of people are finding ways and means to change their high value notes, expectations are that earnings recovery could be pushed a few quarters further.

Live Stock Market Updates

Live Stock Market Updates-Sensex falls over 300 points

The BSE Sensex ended with a loss of 339 points at 27,253. The BSE Sensex opened at 26,251, touched an intra-day high of 27,397 and low of 25,905.

Closing Bell:

Finally, the BSE Sensex ended with a loss of 339  points at 27,253. The BSE Sensex opened at 26,251, touched an intra-day high of 27,397 and low of 25,905.

The NSE Nifty closed with a loss of 112 points at 8,432. The NSE Nifty opened at 8,068, hitting a high of 8,476 and low of 8,002.

Live Market:
There is selling pressure seen in the Indian stock market.  Donald Trump elected as US President.   

The Indian stock market crashed on opening on Wednesday morning, with the Sensex sinking over 1,600 points while the Nifty slumped to near 8,000 levels. 

The Nifty cracked over 400 points but bounced back from its crucial support level of 8,000. The fall in the index was weighed down by losses in realty, power, oil & gas, metal, consumer durable, and banking stocks.