Sharemasterindia.com 11:36 a.m.: Shares of Kansai Nerolac Paints and Brigade
Enterprises gained as much as 8 per cent and 18 per cent each
respectively after both the companies struck a land deal.
11:30 a.m.: IT stocks were among the worst hit in trades so far. The CNX IT index slipped 0.7 per cent; TCS, Cyient, Tech Mahindra, Wipro, HCL Technologies and Infosys were among the top losers.
11:00 a.m.: The markets were trading in a narrow range in the late morning deals. The Sensex moved in a range of 192 points and the Nifty touched intraday high of 8,356.45 and low of 8,298.95.
10:55 a.m.: Anil Manghnanii of Modern Shares an Stock Brokers told NDTV that, the money is flowing into new stocks, traditional movers like ICICI Bank, SBI and ITC have not done much in the current 400 point rally.
10:38 a.m.: Anil Manghnani of Modern Shares and Stock Brokers told NDTV that from the longer term trend initial damage has been done and there is a good possibility for now that the 9,100 top is in well in place and it can be re-tested but it will take time.
10:30 a.m.: The Sensex was up 58 points at 27,703 and the Nifty jumped 22 points. Buying was visible in FMCG, pharma and realty stocks.
9:57 a.m.: Anil Manghnani of Modern Shares and Stock Brokers told NDTV that for markets to move higher money from current levels, money from the mid-cap stocks have to move into large-cap names.
9:50 a.m.: IT stocks also face the heat of selling pressure. The BSE IT index was down 0.4 per cent; Wipro, HCL Technologies, TCS, OFSS, Infosys, Mindtree, Just Dial and Tech Mahindra were among the losers.
9:42 a.m.: From the banking space, Punjab National Bank was the top loser, the stock fell 1.2 per cent to Rs 135. Canara Bank, Bank of India, Axis Bank, Federal Bank, ICICI Bank and Bank of Baroda were also among the laggards.
9:36 a.m.: The broader markets were trading on a flat note; the BSE mid-cap index advanced 0.4 per cent and the small-cap index jumped 0.3 per cent. From the mid-cap space, Godrej Consumer Products, Marico, Sun TV Network, Glenmark, Ashok Leyland and Britannia Industries were among the top mid-cap gainers.
9:29 a.m.: After gaining nearly 100 points, the Sensex turned negative flat in the first 15 minutes of trade. The Sensex was down 40 points at 27,605 and the Nifty slipped 8 points to 8,310.
Selling pressure creeped in banking, energy and IT stocks. The Bank Nifty was top sectoral loser, down 0.2 per cent.
Punjab National Bank, Tata Motors, NTPC, Hindalco, TCS, Mahindra & Mahindra, Infosys, State Bank of India and ICICI Bank were weighing upon the Nifty.
9:17 a.m.: The Indian markets have opened on a flat note; the Sensex was up 90 points at 27,735 and Nifty jumped 28 points to 8,346.
Buying was seen in FMCG, capital goods, realty, metal and select banking stocks.
From the Nifty-50 basket of stocks, 42 stocks were advancing while 8 were declining.
Coal India was the top Nifty gainer, up 1.5 per cent at Rs 413.85. Morgan Stanley has maintained its 'overweight' rating on the stock for target price of Rs 530 per share.
Kotak Mahindra Bank, HUL, Vedanta, Asian Paints, Larsen & Toubro, HDFC, Yes Bank and Bank of Baroda were also among the gainers.
9:08 a.m.: The Sensex slipped 18 points to 27,627 and the Nifty was down 1 point at 8,317 in the pre-market session.
9:06 a.m.: S V Prasad of Chime Consulting told NDTV that India's macro-economic fundamentals are on a strong wicket and European Union could announce a bigger stimulus.
9:00 a.m.: Rupee opens higher at 63.75 per dollar against Monday's close of 63.84.
8:57 a.m.: The SGX Nifty was down 0.24 per cent or 20 points at 8,300 levels.
8:45 a.m.: Morgan Stanley has maintained its 'overweight' outlook on Coal India for target price of Rs 530 per share. Morgan Stanley says that Coal India is transforming into a new company and looks much better positioned for growth. Morgan Stanley is convinced about its volume growth and pricing power and expects 31 per cent CAGR in EBITDA over FY2015-18
11:30 a.m.: IT stocks were among the worst hit in trades so far. The CNX IT index slipped 0.7 per cent; TCS, Cyient, Tech Mahindra, Wipro, HCL Technologies and Infosys were among the top losers.
11:00 a.m.: The markets were trading in a narrow range in the late morning deals. The Sensex moved in a range of 192 points and the Nifty touched intraday high of 8,356.45 and low of 8,298.95.
10:55 a.m.: Anil Manghnanii of Modern Shares an Stock Brokers told NDTV that, the money is flowing into new stocks, traditional movers like ICICI Bank, SBI and ITC have not done much in the current 400 point rally.
10:38 a.m.: Anil Manghnani of Modern Shares and Stock Brokers told NDTV that from the longer term trend initial damage has been done and there is a good possibility for now that the 9,100 top is in well in place and it can be re-tested but it will take time.
10:30 a.m.: The Sensex was up 58 points at 27,703 and the Nifty jumped 22 points. Buying was visible in FMCG, pharma and realty stocks.
9:57 a.m.: Anil Manghnani of Modern Shares and Stock Brokers told NDTV that for markets to move higher money from current levels, money from the mid-cap stocks have to move into large-cap names.
9:50 a.m.: IT stocks also face the heat of selling pressure. The BSE IT index was down 0.4 per cent; Wipro, HCL Technologies, TCS, OFSS, Infosys, Mindtree, Just Dial and Tech Mahindra were among the losers.
9:42 a.m.: From the banking space, Punjab National Bank was the top loser, the stock fell 1.2 per cent to Rs 135. Canara Bank, Bank of India, Axis Bank, Federal Bank, ICICI Bank and Bank of Baroda were also among the laggards.
9:36 a.m.: The broader markets were trading on a flat note; the BSE mid-cap index advanced 0.4 per cent and the small-cap index jumped 0.3 per cent. From the mid-cap space, Godrej Consumer Products, Marico, Sun TV Network, Glenmark, Ashok Leyland and Britannia Industries were among the top mid-cap gainers.
9:29 a.m.: After gaining nearly 100 points, the Sensex turned negative flat in the first 15 minutes of trade. The Sensex was down 40 points at 27,605 and the Nifty slipped 8 points to 8,310.
Selling pressure creeped in banking, energy and IT stocks. The Bank Nifty was top sectoral loser, down 0.2 per cent.
Punjab National Bank, Tata Motors, NTPC, Hindalco, TCS, Mahindra & Mahindra, Infosys, State Bank of India and ICICI Bank were weighing upon the Nifty.
9:17 a.m.: The Indian markets have opened on a flat note; the Sensex was up 90 points at 27,735 and Nifty jumped 28 points to 8,346.
Buying was seen in FMCG, capital goods, realty, metal and select banking stocks.
From the Nifty-50 basket of stocks, 42 stocks were advancing while 8 were declining.
Coal India was the top Nifty gainer, up 1.5 per cent at Rs 413.85. Morgan Stanley has maintained its 'overweight' rating on the stock for target price of Rs 530 per share.
Kotak Mahindra Bank, HUL, Vedanta, Asian Paints, Larsen & Toubro, HDFC, Yes Bank and Bank of Baroda were also among the gainers.
9:08 a.m.: The Sensex slipped 18 points to 27,627 and the Nifty was down 1 point at 8,317 in the pre-market session.
9:06 a.m.: S V Prasad of Chime Consulting told NDTV that India's macro-economic fundamentals are on a strong wicket and European Union could announce a bigger stimulus.
9:00 a.m.: Rupee opens higher at 63.75 per dollar against Monday's close of 63.84.
8:57 a.m.: The SGX Nifty was down 0.24 per cent or 20 points at 8,300 levels.
8:45 a.m.: Morgan Stanley has maintained its 'overweight' outlook on Coal India for target price of Rs 530 per share. Morgan Stanley says that Coal India is transforming into a new company and looks much better positioned for growth. Morgan Stanley is convinced about its volume growth and pricing power and expects 31 per cent CAGR in EBITDA over FY2015-18
