Live Sensex and Nifty coverage: Fortis Healthcare jumps after block trade; Goldman Sachs starts with "buy"

Last Updated: Wed, Aug 23, 2017 10:34 hrs

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Live Markets Commentary:

Sify Editors @ 10:35 AM:

Fortis Healthcare jumps after block trade; Goldman Sachs starts with "buy"

Shares of Fortis Healthcare Ltd rise as much as 6 pct to 150.00 rupees, their biggest intraday pct gain since Aug. 3

Rekha Jhunjhunwala, wife of investor Rakesh Jhunjhunwala, bought 4.5 mln shares worth 605.9 mln rupees ($9.5 mln) on Tuesday - NSE data

Goldman Sachs initiates stock coverage with "buy" rating and a target price of 190 rupees

Stock had shed 21.7 pct this year as of Tuesday's close, compared with the Nifty 500 index's 21.7 pct rise during the same period

Sify Editors @ 10:05 AM:
The Sensex in the Green

The Sensex on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE, after opening at 31,407.47 points, touched a high of 31,440.86 points and a low of 31,383.08 points.

On Tuesday, the Sensex closed at 31,291.85 points.

The Sensex is trading at 31,397.07 points, up by 105.22 points or 0.34 per cent.

Sify Editors @ 9:35 AM:
Will Murthy' address help sinking Infy scrip?

NR Narayana Murthy, the founder and former CEO of Infosys will be addressing investors to assuage their concerns on the raging boardroom vs founder tussle. A significant investor confidence has been wiped out and several thousand crores in market value has already eroded. The stock started the pre-morning session at 9:15 AM at 878.60, but lost quick points by 9:20 AM. By 9:35 the scrip has made a rebound to 882.20 after a brief slump on BSE. It opened to 879.50 at 9:30 AM. 

Sify Editors @ 9:35 AM:
Nifty resistance at 9860-9911, says Gaba 9:30

Nifty market expert Prakash Gaba believes that the technical of 9685 remained under threat. The Nifty traded in the green but traded lower to close flat on Tuesday. 
"I would maintain that 9685 is under threat and only a move about 9860 would negate the down move... The crucial support for the Nifty is at 9685 and the resistance is at 9860-9911." he adds. 
NSE Nifty currently at 9:35 AM is trading 29.95 points up at 9795.50.

Sify Editors @ 9:25 AM:
Positive outlook for trading on Wed

Most brokerage houses suggest that Dow and NASDAQ turned with their best session in months. US Trading session on Tuesday remained positive with Dow advancing 0.9% to 21899 while NASDAQ surging up 1.4% to 6297 and the S&P 500 making a 1% jump to 2452. 
Brokerage house Angel broking believes that the global market cues will drive domestic markets to a positive trading session. 
BSE Sensex ended Tuesday up by 0.11% at 31292 while broader Nifty index edged up 0.11% to finish at 9766.

Sify Editors @ 9:20 AM:
Sensex up 100.97 points in pre-morning, 

Benchmark BSE Sensex was up by 100.97 points, trading to 31392.82. Adani Ports was up by 2%, Bharti Airtel showed a 1.09%, and Hero Motocorp was up by 1.01%. Hindustan Unilever and PowerGrid Corporation were down by 0.55% and 0.36% respectively. 

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