Monday, 11 July 2016

Sensex rallies over 450 points; metal, realty gain

The Indian stock markets opened higher on Monday after strong jobs data in the US buoyed markets across the globe. The Nifty hit 8,400 level for the first time high in 11-months since August 2015. The BSE Sensex opened 231.33 points up at 27,358, while NSE Nifty opened 90.15 points up at 8,413.35. At 11:33 AM, the S&P BSE Sensex is trading at 27,591 up 448 points, while NSE Nifty is trading at 8,450 up 126 points. The BSE Mid-cap Index is trading up 1.33% at 12,038, whereas BSE Small-cap Index is trading up 0.95% at 12,090. ...

Friday, 1 July 2016

Sensex, Nifty flex muscles; infra, FMCG, oil stocks rally

The market continues to surge on support from index heavyweights. The Sensex is up 203.84 points or 0.7 percent at 27203.56, and the Nifty up 61.40 points or 0.7 percent at 8349.15.  Dr Reddy's Labs, BHEL, L&T, GAIL and Tata Steel are top gainers while Coal India, TCS, Tata Motors and Maruti are losers in the Sensex.  The market is in a global deflationary environment currently, says Taimur Baig of Deutsche Bank AG. Emerging markets (EMs) are in a sweet spot in this volatility. While the volatility continues in the global...

Thursday, 30 June 2016

Sensex off day's high, Nifty hovers around 8250; HDFC Bank drags

European stocks came under pressure at open, as a rebound seen in UK stocks following the Brexit vote lost steam and a renewed decline in oil prices weighed on sentiment. The pan-European STOXX 600 opened 0.5 percent down, with all sectors falling into negative territory. London's FTSE index was off 0.3 percent around the open, while the UK's domestically focused FTSE 250 index was roughly flat. Meanwhile, the French CAC slipped 0.6 percent while the German DAX fell 0.4 percent. The Sensex rose 152.53 points to 26892.92 and the Nifty gained...

Wednesday, 29 June 2016

LIVE STOCK MARKET UPDATE: NIFTY FUTURE TIPS

Drug firm Suven Life Sciences has been granted a patent from Europe and two product patents from Eurasia for a drug used in the treatment of neuro-degenerative diseases.  In a BSE filing today, Suven Life said it has been granted "one product patent from Europe and two product patents from Eurasia corresponding to New Chemical Entities (NCEs) for treatment of disorders associated with neuro-degenerative diseases". The patents are valid through 2029, 2030 and 2031, respectively, the company added.The market continued to hold its morning gains...

Tuesday, 28 June 2016

Nifty holds 8100, Sensex firm; Lupin gains 2%, Idea surges 4%

The market has maintained its uptrend in noon trade with the Nifty trading above 8100 level amid consolidation, supported by FMCG, infra, pharma and telecom stocks. The Sensex rose 58.53 points to 26461.49 and the Nifty gained 16.60 points at 8111.30. The market breadth remained positive as about two shares advanced for every share declining on Bombay Stock Exchange. Lupin, Hindustan Unilever, Idea Cellular, Eicher Motors and Bharti Infratel...