5:34 Sify Finance PM: The Nifty rose for a third consecutive session on Friday, hitting its highest in about 1-1/2 weeks, as cash-rich exporters such as Tata Consultancy Services surged on hopes of being better placed to weather any Fed-related volatility.
The 50-share index rose 0.2 percent for the week, its sixth consecutive weekly gain. That was its longest winning run since a more powerful seven-week run between January and end-February 2012.
However, broader gains were limited as investors chose to pare positions in bets related to government's efforts to rein in the country's fiscal deficit, such as Oil and Natural Gas Corp after its recent outperformance.
"While the rally is justified on expectations of reforms, actual on-ground results might take some more time," said Aneesh Srivastava, chief investment officer at IDBI Federal Life Insurance.
The broader Nifty rose 0.08 percent to 8,121.45.
The benchmark BSE Sensex fell 0.08 percent, or 21.79 points, to end at 27,090.42, notching up a weekly gain of 0.11 percent.
Also, both indexes on Friday marked their highest intraday levels since Sept. 9.
3:37 Sify Finance PM: Despite a positive start and a few good spells here and there, the Indian market ended weak on Friday.
Global cues were positive, but investors mostly stayed away on the sidelines.
The Sensex ended at 27,090.42, down 21.79 points or 0.08%.
The Nifty closed at 8114.40, little changed from its previous close.
IT stocks ended on a firm note despite closing off their highs.
Pharma stocks too gave up most of their gains.
Bank, consumer durables and FMCG stocks ended on a mixed note.
Capital goods, oil and automobile stocks declined.
Power and metal stocks also closed weak.
While midcaps were mostly subdued, some smallcap stocks rallied sharply.
The market breadth was slightly negative.
3:21 Sify Finance PM: Buy Mastek (Rs 314) for long term.
Since some correction is likely in the near term, buy in small quantities at declines.
3:08 Sify Finance PM: Buy Tata Global Beverage (Rs 169) for short to medium term.
Keep a stop loss near Rs 150 for short term.
2:51 Sify Finance PM: Despite positive global cues, the Indian stock market is struggling for support today, with investors choosing to take some profits after a sharp upmove in the previous session.
Swinging between gains and losses, the Sensex is now at 27,117.33, up 5.12 points or 0.02% from its previous close. The Nifty is up 17.25 points or 0.21% at 8132.
Capital goods and FMCG stocks are mostly lower. Bank, power, oil and automobile stocks are off their highs, with a few of them trading in negative territory.
Realty stocks have given up their gains. Information technology majors continue to attract buyers. Some key stocks from the healthcare space have posted strong gains.
While midcaps are mostly subdued, some smallcap stocks have rallied sharply. The market breadth is even.
2:48 Sify Finance PM: Hold KEC International (Rs 110) with a stop loss near Rs 102.
Long term investors can consider fresh buying at sharp declines.
1:46 Sify Finance PM: Buy Tata Motors (Rs 523) for medium term.
The stock could give 8% -10% returns over the next few months.
1:25 Sify Finance PM: Buy BHELfor the target prices of Rs 233/235.50/Higher with a stop loss of Rs 226.70: ICICIDirect
1:10 Sify Finance PM: Amid alternate bouts of buying and selling, stocks are swinging between gains and losses on the Indian bourses today, with investors treading somewhat cautiously after Thursday's splendid upmove.
Information technology stocks are up on sustained buying support. Healthcare stocks are the other prominent gainers. Capital goods and realty stocks are weak, while bank, power, oil, metal and automobile stocks are turning in a mixed performance. FMCG stocks are also mixed.
At 27,143.00, the Sensex is now up 30.79 points or 0.13% from its previous close. The Nifty is up 19 points or 0.25% at 8133.75.
12:34 Sify Finance PM: Hold Crompton Greaves with a stop loss at Rs 202 for near term.
Long term investors can consider fresh buying at lower levels.
12:13 Sify Finance PM: Buy Tata Power if willing to wait long term for solid returns.
Take modest exposure at current levels and add more at declines.
11:58 Sify Finance PM: The BSE benchmark Sensex, which very nearly slipped into the red after a positive start this morning, bounced back from lower levels subsequently thanks to some strong buying in information technology stocks and a few blue chips from banking, power and oil sectors.
However, with stocks facing some resistance at higher levels, the index has given up some gains again. At 27,140.47, more than 100 points off the day's high of 27,247.17, the Sensex is now up 28.26 points or 0.13% from its previous close.
The Nifty, which dropped to 8107.80 before rallying to 8160.90, is currently up 16.50 points or 0.2% at 8131.25.
11:14 Sify Finance PM: Hold KPIT Technologies (Rs 167). Add at declines for medium term.
Keep a stop loss near Rs 155 for now.
10:56 Sify Finance PM: Hold Godrej Properties (Rs 244) with a stop loss near Rs 230.
For long term, buy in small quantities at declines.
10:38 Sify Finance PM: Hold Colgate Palmolive (Rs 1640) for medium term gains. Add at declines.
Some upside is likely in the near term as well.
10:19 Sify Finance PM: Support for Nifty is at 8000: Gaba
9:49 Sify Finance PM: The Indian stock market has opened on a firm note this morning, tracking positive global cues.
The overnight gains on Wall Street on some strong economic data and a firm trend in Asian markets this morning have set up a fairly good start for Indian stocks today. Easing worries about the outlook for U.S. interest rates and encouraging signs on trade relations between India and China are aiding sentiment.
The BSE benchmark Sensex, which rose to 27,189.73, is currently up 36.05 points or 0.13% at 27,148.26. The Nifty index of the National Stock Exchange is up 13 points or 0.17% at 8127.75, after rising to 8145.80 in early trades.
9:26 Sify Finance PM: It's a positive start for the Indian stock market this morning, with investors tracking global cues.
Capital goods, power, realty and metal stocks have edged higher.
Automobile and pharma stocks too have opened on a fairly steady note.
The Sensex is up 60.58 points or 0.22% at 27,172.79.
The Nifty is up 21.85 points or 0.23% at 8136.60.
9:20 Sify Finance PM: The Indian stock market is likely to open higher this morning, tracking positive global cues.
Slightly easing concerns about the outlook for U.S. interest rates and encouraging developments on the India - China trade relations are likely to aid sentiment.
Bharti Airtel will be in focus on reports the company will spend nearly Rs 450 crore for merging Airtel Broadband Services with itself.
Cipla said it has signed an agreement with U.S.-based Salix Pharmaceuticals Inc. Cipla has granted Salix exclusive rights under certain patent applications inthe Rifaximin Complexes controlled by it.