11:20 a.m.: Aban Offshore -- India's largest offshore drilling services provider -- shares are on fire following the announcement of the Iran nuclear deal. The stock closed 16 per cent higher on Tuesday and was up another 5 per cent today, hitting an intraday high of Rs 338.60.
11:00 a.m.: Adhunik Metaliks shares were locked in upper circuit of 20 per cent at Rs 18.80 after Adhunik Metaliks informed the BSE that Orissa Manganese and Minerals its wholly owned subsidiary has been granted extension of lease for their three manganese ore mines.
10:50 a.m.: NIIT Technologies shares surged for fourth day after the company posted a 35 per cent increase in quarterly net profit during market hours the previous day. The stock jumped 3 per cent to hit intraday high of Rs 478.90.
10:46 a.m.: Samir Arora says 10 per cent earnings growth is not a bad number considering they are coming after a weak environment.
10:40 a.m.: Century Plyboards surges 3.5 per cent to hit intraday high of Rs 197.10 after company's wholly owned subsidiary Century Ply (Singapore) Pte. Ltd. in Singapore incorporated a step-down subsidiary by the name PT Century Ply in Indonesia.
10:35 a.m.: Samir Arora says expect Indian stock markets to return 15 per cent annualized return over next few years.
10:32 a.m.: Prakash Diwan of Altamount Capital Management says Alstom T&D is a good stock to accumulate as it is insulated from day-to-day market volatility due to low liquidity. Government's plan to revive the power sector augurs well for the stock.
10:28 a.m.: Samir Arora, fund manager at Helios Capital tells NDTV that we are 'higher than normal' bullish on Indian markets and the Chinese market turmoil is increasing the attractiveness of Indian stocks.
10:10 a.m.: Shares of Maruti Suzuki on Wednesday rose over 2 per cent to a new life high of Rs 4,138.45, extending its gains to the third day. Brokerage Credit Suisse has increased its target price on Maruti Suzuki to Rs 5100, maintaining its outperforming rating on the stock.
10:00 a.m.: Jindal Steel and Power shares fell 2.4 per cent to hit low of Rs 80.80 after one of its promoter pledged 3.49 per cent stake in the company with Axis Trustee Services Ltd.
In a BSE filing, the steel and power producer said its promoter OPJ Trading Pvt Ltd has pledged 3.49 per cent stake in the firm with Axis Trustee Services Ltd on July 6, 2015.(REad full report)
9:55 a.m.: DLF shares advance 2.2 per cent to Rs 117.10 on reports that the company is in talks with Singapore government's investment arm GIC to raise Rs 3,000 crore by selling its 49 per cent stake in new residential project in Delhi. Deal is likely to be closed by next month.
9:45 a.m.: The Sensex and Nifty are witnessing upward movement as the rating agency Moody's said on Tuesday that the Reserve Bank is likely to cut interest rates in its upcoming monetary policy review next month despite retail inflation surging to an eight-month high in June.
According to Moody's Analytics, the rise in CPI inflation was largely due to base effect.
9:40 a.m.: Most of the stocks on the Nifty were trading higher as 46 stocks were advancing while 4 were declining.
Maruti Suzuki was the top Nifty gainer; the stock advanced 2 per cent to Rs 4,132. Zee Entertainment, Wipro, Mahindra & Mahindra, ONGC, Tata Consultancy Services, Tech Mahindra, Larsen & Toubro and UltraTech Cement were also among the gainers.
9:30 a.m.: Prakash Diwan of Altamount Capital Management says markets have not digested the slew of positive global outcomes and says that Nifty is likely to edge higher to 8,750-8,780 in the short term.
9:25 a.m.: The Sensex rose over 150 points and was firmly trading above its crucial psychological level of 28,000 and the Nifty was trading close to its psychological level of 8,500 on the back of broad-based buying.
Buying was visible across the board. Capital goods, IT, auto, realty and metal stocks were witnessing buying interest.
The broader markets were broadly in-line with the benchmark indices. The BSE mid-cap and small-cap indices advanced 0.4 and 0.6 per cent each.
9:17 a.m.: The Sensex moved above its crucial psychological level of 28,000 in the opening deals on Wednesday. The Sensex advanced 82 points and the Nifty rose 16 points to 8,470.
9:08 a.m.: Sensex jumps 89 points to 28,022 and Nifty gains 9 points to 8,464 in the pre-market session.
9:00 a.m.: Rupee opens higher at 63.36/dollar against Tuesday's close of 63.39.
8:45 a.m.: Market analyst Rajat Bose says Nifty is likely to trade in a broad range of 8,200-8,550; as long as 8,450 is held, there is no reason for concern.
