Sharemasterindia.com 9:50 a.m.: The markets continued to witness buying
interest in morning deals. The Sensex advanced 154 points to 28,352 and
Nifty was up 46 points at 8,570.
9:46 a.m.: Shares of state-run oil marketing companies were witnessing buying interest after the petrol and diesel prices were cut by Rs 2 per litre. Shares of Indian Oil, Hindustan Petroleum and Bharat Petroleum jumped nearly 2 per cent each.
9:40 a.m.: Avinnash Gorakssakar says markets are pricing a 25 basis point rate cut in August policy, even though food inflation has inched up.
9:35 a.m.: Broader markets were in-line with the benchmark indices. The BSE mid-cap and small-cap indices were up 0.5 and 0.6 per cent each respectively. From the mid-cap space, Adani Power was the top mid-cap gainer. The stock jumped 3.4 per cent to Rs 29 after the company said that it bagged three power transmission projects worth Rs 3,666 crore.
IDBI Bank, Container Corp, Tata Chemicals, Castrol India and HPCL were also among the gainers, up 1-2.7 per cent each.
9:32 a.m.: Avinnash Gorakssakar of Precision Investment Services says markets are likely to consolidate around current levels and there will be stock-specific action.
9:25 a.m.: From the Nifty-50 basket of stocks, 39 were advancing while 11 were declining.
Axis Bank, BPCL, Asian Paints, Tata Steel, Yes Bank, Bajaj Auto, HDFC, Coal India, Tata Motors and Sun Pharma were among the gainers up 0.6-2 per cent each.
9:20 a.m.: The markets opened on a positive note tracking broad-based buying. The Sensex jumped over 100 points to move above 28,300 and the Nifty was trading above its crucial psychological level of 8,550, up 30 points.
Buying was visible across most of the sectors. Metal, oil & gas, banking, auto and IT indices were up 0.5-0.6 per cent each.
9:13 a.m.: Gaurav Bissa says large caps are not participating as the midcaps are and this is a worrying sign.
9:08 a.m.: The Sensex jumps 61 points to 28,260 and Nifty up 22 points at 8,546 in the pre-market session.
9:04 a.m.: Avinnash Gorakssakar of Precision Investment says markets will consolidate around current levels and there will be stock-specific action.
9:00 a.m.: Rupee opens lower at 63.51 per dollar against Wednesday's close of 63.41.
8:55 a.m.: Gaurav Bissa, derivatives analyst with LKP Securities says that markets likely to maintain uptrend as long as Nifty holds 8,500.
8:38 a.m.: CLSA has maintained its buy call on HCL Technologies for target price of Rs 1,150 per share. CLSA says that engineering is emerging as a new structural growth driver and company will evolve into a higher-quality business. CLSA expects 16 per cent CAGR over FY15-18 and is the best pick in IT sector
9:46 a.m.: Shares of state-run oil marketing companies were witnessing buying interest after the petrol and diesel prices were cut by Rs 2 per litre. Shares of Indian Oil, Hindustan Petroleum and Bharat Petroleum jumped nearly 2 per cent each.
9:40 a.m.: Avinnash Gorakssakar says markets are pricing a 25 basis point rate cut in August policy, even though food inflation has inched up.
9:35 a.m.: Broader markets were in-line with the benchmark indices. The BSE mid-cap and small-cap indices were up 0.5 and 0.6 per cent each respectively. From the mid-cap space, Adani Power was the top mid-cap gainer. The stock jumped 3.4 per cent to Rs 29 after the company said that it bagged three power transmission projects worth Rs 3,666 crore.
IDBI Bank, Container Corp, Tata Chemicals, Castrol India and HPCL were also among the gainers, up 1-2.7 per cent each.
9:32 a.m.: Avinnash Gorakssakar of Precision Investment Services says markets are likely to consolidate around current levels and there will be stock-specific action.
9:25 a.m.: From the Nifty-50 basket of stocks, 39 were advancing while 11 were declining.
Axis Bank, BPCL, Asian Paints, Tata Steel, Yes Bank, Bajaj Auto, HDFC, Coal India, Tata Motors and Sun Pharma were among the gainers up 0.6-2 per cent each.
9:20 a.m.: The markets opened on a positive note tracking broad-based buying. The Sensex jumped over 100 points to move above 28,300 and the Nifty was trading above its crucial psychological level of 8,550, up 30 points.
Buying was visible across most of the sectors. Metal, oil & gas, banking, auto and IT indices were up 0.5-0.6 per cent each.
9:13 a.m.: Gaurav Bissa says large caps are not participating as the midcaps are and this is a worrying sign.
9:08 a.m.: The Sensex jumps 61 points to 28,260 and Nifty up 22 points at 8,546 in the pre-market session.
9:04 a.m.: Avinnash Gorakssakar of Precision Investment says markets will consolidate around current levels and there will be stock-specific action.
9:00 a.m.: Rupee opens lower at 63.51 per dollar against Wednesday's close of 63.41.
8:55 a.m.: Gaurav Bissa, derivatives analyst with LKP Securities says that markets likely to maintain uptrend as long as Nifty holds 8,500.
8:38 a.m.: CLSA has maintained its buy call on HCL Technologies for target price of Rs 1,150 per share. CLSA says that engineering is emerging as a new structural growth driver and company will evolve into a higher-quality business. CLSA expects 16 per cent CAGR over FY15-18 and is the best pick in IT sector
