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SENSEX - 28452.17    0.00 NIFTY - 8786.20    0.00  
 

Live Market commentary

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Live Markets Commentary

Sify Editors @ 4:10 PM
Sensex gains 109 points, posts new 52-week closing high

The Indian stock market ended on a bright note on Wednesday, extending previous two sessions' strong gains. The gains were not as pronounced as they were on the previous session, but still the fact that the market stayed firm right through the session despite mixed global cues suggests investors are quite optimistic about the outlook for the economy.

The BSE benchmark Sensex and the Nifty50 of the National Stock Exchange hit their best levels since July 2015 and April 2015, respectively. The Sensex ended up 109.16 points or 0.39% at 28,452.17, while the Nifty50 closed at 8786.20, up 41.85 points or 0.48%.

In the forex market, the rupee was trading around 67.00 against the U.S. dollar, up marginally from its previous close of 67.03 a dollar.

Sify Editors @ 3:40 PM
Key Indian stock indices closed higher on Wednesday, extending recent gains, amid optimism about economic growth.

Expectations on the reforms front and fairly positive global cues kept the mood bullish.

The Sensex and the Nifty50 hit their best levels since July 2015 and April 2015, respectively.

The Sensex ended up 109.16 points or 0.39% at 28,452.17.

The Nifty50 closed at 8786.20, up 41.85 points or 0.48%.

Bank and capital goods stocks were the major gainers in the session.

A few stocks from telecom, automobile, consumer durables, oil and power sectors edged higher.

Realty and metal stocks traded weak.

Healthcare, IT and FMCG stocks turned in a mixed performance.

Midcap and smallcap stocks were mostly subdued.

The market breadth was even.

Sify Editors @ 3:05 PM
Sensex set for another strong close


With the mood remaining positive, the Indian stock market is set for another bright close. After a good spell in positive territory, the market has pared some gains now, with investors taking profits at several counters.

Global cues are a bit mixed now, with European markets somewhat subdued in opening trades.

The Sensex is now up 116 points or 0.41% at 28,459.01. The Nifty50 is up 41.75 points or 0.48% at 8786.10.

Sify Editors @ 2:55 PM
Hold Jain Irrigation Systems with a stop loss at Rs 45 for short term. Long term investors can buy on dips.

Sify Editors @ 2:35 PM
The infrastructure space is likely to see some upside in the near to medium term following the government panel clearing bidding for several highway projects. Stay tuned to counters like Larsen & Toubro, Gammon, Sadbhav Engineering and IRB Infrastructure.

Sify Editors @ 2:15 PM
Sensex up 177 points as buying resumes

Thanks to resumption of buying in some blue chip stocks, including a few heavyweights, the market has moved higher this afternoon, after having retreated and pared some gains in late morning trades.

The Sensex is now up 176.55 points or 0.62% at 28,519.56. The Nifty50 is up 70 points or 0.8% at 8814.40.

Sify Editors @ 1:55 PM
Buy PSU bank stocks if looking for long term gains. Buy them in small lots on dips.

Sify Editors @ 1:35 PM
Sensex, Nifty remain in positive territory; UltraTech hits new high


Though a few front line stocks have shed some early gains due to profit taking, the key indices Sensex and the Nifty50 remain in positive territory in late morning trade today, thanks to fairly steady buying at several counters.

Meanwhile, investors are awaiting data on June quarter GDP and the fiscal deficit figures for July 2016.

Tata Motors is trading 3.2% up, extending recent gains, thanks to better than expected revenues in the June quarter on th back of strong JLR revenue. Tata Motor DVR is up 2.5%.

The Sensex is now up 88 points or 0.3% at 28,431.00. The Nifty50 of the National Stock Exchange is up about 39 points or 0.45% at 8783.30.

Hero Motocorp is up 2% and Bajaj Auto is gaining 1%, while Maruti Suzuki and Mahindra & Mahindra are modestly higher.

Lupin is gaining 1.3%. Larsen & Toubro, Asian Paints, ICICI Bank, Sun Pharmaceutical Industries, Dr Reddy's Laboratories, State Bank of India and HDFC Bank are up 0.5% - 1%.

Sify Editors @ 1:15 PM
Nalco
is likely to find some support around Rs 40. Hold with a stop loss at that level.

Sify Editors @ 12:55 PM
Buy M&M Financial Services. Incras exposure at declines.

Sify Editors @ 12:35 PM
Stay invested in SRF. Fresh buying can be considered at declines.

Sify Editors @ 12:20 PM
Though a few front line stocks have shed some early gains due to profit taking, the key indices Sensex and the Nifty50 remain in positive territory in late morning trade today, thanks to fairly steady buying at several counters.

Meanwhile, investors are awaiting data on June quarter GDP and the fiscal deficit figures for July 2016. 

Tata Motors is trading 3.2% up, extending recent gains, thanks to better than expected revenues in the June quarter on th back of strong JLR revenue. Tata Motor DVR is up 2.5%.

The Sensex is now up 88 points or 0.3% at 28,431.00. The Nifty50 of the National Stock Exchange is up about 39 points or 0.45% at 8783.30.

Sify Editors @ 11:50 AM
Buy Oriental Bank of Commerce for the target price of Rs 133.

Sify Editors @ 11:30 AM
Buy Infosys and HCL Technologies for medium term. Add at declines.

Sify Editors @ 11:05 AM
Buy ICICI Bank for medium term. Keep adding small quantities at declines.

Sify Editors @ 10:50 AM
RBL Bank makes impressive debut

RBL Bank, after its highly successful initial public offering, has made a strong debut on the bourses, with investors thronging the counter this morning.

The stock is trading at Rs 284.00, up almost 27% from the issue price of Rs 225. On the National Stock Exchange, the RBL Bank counter has clocked a volume of over 34 million shares so far in the session.

RBL's IPO was the first in almost eleven years from a private bank. In 2005, Yes Bank had come out with its public offering.

The issue from RBL Bank with a price band of Rs 224 - 225, was oversubscribed nearly 70 times, with the qualified institutional buyers portion getting subscribed 85.08 times. While non-institutional investors category was oversubscribed 198 times, the retail investors portion got subscribed 5.70 times. The issue size was Rs 1200 crore.

The history of the bank dates back to 1943 - it was started then as Ratnakar Bank. Prior to the issue, the bank raised Rs 364 crore from 28 anchor investors by issuing shares at the upper price band of Rs 225.

Sify Editors @ 10:30 AM
Buy Karnataka Bank for the target price of Rs 160.

Sify Editors @ 10:10 AM
Buy Kotak Mahindra Bank for the target price of Rs 825.

Sify Editors @ 9:50 AM
Sensex pares some gains after rising more than 130 points

Despite weak global cues, the Indian stock market is trading higher Wednesday morning, extending previous session's gains, with investors betting on hopes the economy will see fairly sustained growth in the coming quarters.

Meanwhile, the market is awaiting data on GDP for the April - June quarter and the report on India's fiscal deficit in July.

The BSE benchmark Sensex, which rose to 28,474.38, is currently up 87.33 points or 0.31% at 28,430.34, The Nifty50 of the National Stock Exchange is up 40 points or 0.45% at 8784.35, slightly off a high of 8791.05 it touched a little while ago.

In the forex market, the rupee opened at 67.08 against the U.S. dollar, down 6 paise from its previous close of 67.02 a dollar.

 

volume toppers bse

Share
Company Name Current
Price
Previous
Close
Welspun India Ltd. 48.85 46.75
Hindustan Constructi 27.50 22.95
Jaiprakash Associate 11.66 11.27
Punj Lloyd Ltd. 23.15 20.75

volume toppers nse

Share
Company Name Current
Price
Previous
Close
Axis Bank Ltd. 596.85 591.15
Jaiprakash Associate 11.65 11.25
Hindustan Constructi 27.50 22.95
Welspun India Ltd. 48.70 46.65
Bullion Rates Share
Cities Gold (10g) Silver (1Kg)
Chennai Rs. 31422.46 Rs. 45460.00
Mumbai Rs. 32780.75 Rs. 45460.00
Delhi Rs. 32085.56 Rs. 45460.00
Kolkata Rs. 32491.98 Rs. 45460.00
Kerala Rs. 31122.99 Rs. 45460.00
Buy/Sell Advice Share
Source Company Action
Firstcall Grasim Industries Buy
ICICIDirect NTPC Buy
ICICIDirect Cipla Buy
ICICIDirect ACC Sell

monthly gainers bse

Share
Company Name Current
Price
Change %
Pearl Agriculture Lt 133.00 91.38
Medicamen Biotech Lt 176.50 89.46
Jyoti Resins Ltd. 98.85 86.39
Dwarikesh Sugar Indu 243.40 85.44

monthly losers bse

Share
Company Name Current
Price
Change %
Welspun India Ltd. 48.85 -1639.92
Tree House Education 32.85 -1162.56
Sarla Polyester Ltd. 61.00 -925.74
SMS Pharmaceuticals 90.30 -597.12

monthly gainers nse

Share
Company Name Current
Price
Change %
Uniply Industries Lt 243.65 97.19
Cambridge Technology 128.20 92.94
Allsec Technologies 266.50 92.18
Mangalam Drugs and O 166.90 90.44

monthly losers nse

Share
Company Name Current
Price
Change %
Tree House Education 32.90 -1416.11
Adani Enterprises Lt 72.80 -809.96
Kotak Gold Exchange 277.65 -798.76
Welspun India Ltd. 48.70 -635.93

Bse top gainers

Share
Company Name Current Change
Manappuram Finance L 85.40 148.62
Florence Investech L 680.00 100.24
Cholamandalam Invest 1162.50 80.29
Bajaj Finance Ltd. 11020.00 77.96

Bse top losers

Share
Company Name Current Change
Max India Ltd. 154.65 -72.61
IL&FS Engineering & 49.50 -26.01
Welspun Corp Ltd. 81.50 -23.55
MBL Infrastructures 77.70 -19.98

Nse top gainers

Share
Company Name Current Change
Bajaj Finance Ltd. 11011.10 1169.51
Maruti Suzuki India 5053.65 842.58
Cholamandalam Invest 1159.50 537.61
APL Apollo Tubes Ltd 972.50 509.91

Nse top losers

Share
Company Name Current Change
Hubtown Ltd. 94.05 -89.38
Max India Ltd. 154.60 -72.65
TV18 Broadcast Ltd. 42.15 -52.83
Jindal Stainless Ltd 23.50 -39.12
Forex Rates Share
Currency INR
British Pound 103.36
US Dollar 61.99
Euro 84.82
Japanese Yen 0.60
Singapore Dollar 47.17