Sensex closed 267.35 points up @ Live Market Update

The BSE Sensex and NSE Nifty advanced one per cent on Thursday on account of firm global markets as crude oil extended gains on hopes that big producers will cap output, improving investor sentiment for riskier assets.
Sensex closed 267.35 points up at 23649.22, while Nifty50 index settled 83.30 points up at 7,191.75.
In the 50-share index, Dr Reddy’s Lab, Hindalco, Cairn India, ONGC and Hero MotoCorp gained between 3.60 per cent and 4.45 per cent. On the other hand, Maruti Asian Paints, BHEL, Reliance Industries and Axis Bank slid between 1.45 per cent and 2.80 per cent.
Sensex was trading 234 points up at 23,616. Nifty was up 71.95 points at 7,180. Britannia Industries is planning to invest Rs 900 crore in setting up fresh manufacturing and research and development facilities over the next two years. Shares of Britannia were trading 3.22 per cent up at Rs 2,735.10.

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Nifty Technical Overview

LIVE: Sensex surges over 300 points on global cues, Nifty above 7,200; Jindal Steel gains

Sensex opened 154.60 points up at 23,536.47 on account of firm global markets. Nifty opened 68.95 points up at 7,177.40.

Indian Rupee Update

The rupee recovered from a 30-month low by rising 13 paise to 68.34 against the dollar at the

Interbank Foreign Exchange in early trade today on fresh selling of the US currency by banks and exporters. Sensex was up 337 points at 23,719. Nifty was up 98.35 points at 7,206.

Nifty Technical Overview:

Nifty futures opened with positive note but witnessed volatile movement and ended with positive bias in daily charts. Selling pressure seems to be there for coming sessions. If it sustains above the level of 7150 then upside movement may come otherwise downside movement will continue.

Bank Nifty Technical Overview:

Bank Nifty futures opened with positive note and witnessed volatile movement in range of 14500-14100 for the entire day. Bank Nifty future formed red candle in daily chart. If it sustain above the level of 14500 then upside movement may come otherwise downside will continue.

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Today Indian Market Overview

Sensex ends 362 points down, Nifty settles below 7,050; banking stocks plunge

Benchmark indices BSE Sensex and NSE Nifty plunged over 1 per cent on Tuesday on account of selling in frontline blue chip stocks.

Benchmark indices BSE Sensex and NSE Nifty plunged over 1 per cent on Tuesday on account of selling in frontline blue chip stocks. The sentiments were also affected after exports shrank for the 14th month in a row to 13.6 per cent in January.

Sensex closed 362.15 points down at 23,191.97, while Nifty settled 114.70 points down at 7,048.25.

Sensex was down 333 points at 23,220. Punj Lloyd, the diversified engineering, procurement and construction conglomerate has bagged oil & gas EPC orders worth Rs 2,070 crore from Oman Oil Refineries and Petroleum Industries Company (Orpic) and Oman Gas Company (OGC) which are owned by the Government of the Sultanate of Oman and Oman Oil Company SAOC. The scope of work for the contracts includes the construction of a 14’ dia, 300 km natural gas liquid (NGL) pipeline and a 32’ dia, 301 km gas pipeline. Shares of Punj Lloyd were trading 1.12 per cent up at Rs 22.55.

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Live: Sensex opens over 100 points up @ Indian Market overview

Live: Sensex opens over 100 points up, Nifty tests 7,200; Opto Circuits, Cairn India gain

The BSE Sensex and NSE Nifty opened in green on Tuesday on account of firm Asian markets. Sensex opened 134.49 points up at 23,688.61, while Nifty opened 38.30 points up at 7,201.25.

United Breweries (Holdings) has received a letter from Punjab National Bank (PNB) on February 15, 2016, whereby the bank has declared the company as a ‘Willful Defaulter’. The company is in consultation with its legal counsels to challenge the decision by taking appropriate legal action that may be required in this regard. Shares of United Breweries were trading 6.39 per cent down at Rs 21.25. Sensex was up 12.56 points at 23,566.

Opto Circuits shares were trading 14.46 per cent up at Rs 11 in the early trade. Opto Circuits reported net profit of Rs 6.39 crore for the quarter ended December 2015 against net loss of Rs 178.83 crore in the same quarter last year. Sensex was up 63.34 points at 23,617.

The 30-share index Sensex opened 134.49 points up at 23,688.61, while the 50-share index Nifty opened 38.30 points up at 7,201.25. Heidelberg Cement India has successfully commissioned the Waste Heat Recovery based Power Generation Plant at its Narsingarh Plant in Damoh, Madhya Pradesh on February 15, 2016. The Power Plant will utilise the waste heat generated by the clinkerisation lines at Narsingarh Plant. Shares of Heidelberg Cement were up by over 1 per cent in the early deals. 

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Live Share Market Update By Capitalheight

Sensex slides for 3rd straight session, ends 262 points down, Nifty50 settles at 7,221; banking stocks fall

The BSE Sensex and NSE Nifty fell for the third straight session on Wednesday on rising concerns over a spike in bad loans of public sector banks amid global sell-off. Sensex closed 262 points down at 23,758.90, while Nifty settled 76.80 points down at 7221.40.

Meanwhile, amid increasing global headwinds, Crisil Research in its report has said that Indian economy is expected to grow at 7.9 per cent in the fiscal year 2016-17, lower than earlier forecast of 8.1 per cent and higher from 7.6 per cent expected in the current fiscal, if supported by a normal monsoon. According to the report, growth in the next fiscal will find mild support from improved transmission of the RBI’s policy rate cuts and the implementation of the salary and pension revisions recommended by the One Rank One Pension Scheme and the Seventh Pay Commission.

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Live Nifty Future Market Trend

Nifty breaches 7250, Sensex weak; banks drag, Tata Motors falls Tata Motors, ICICI Bank, Dr Reddy's Labs, Lupin and ONGC are major losers while Infosys, Hindalco, HDFC Bank, HUL and Maruti are top gainers.

INDIAN MARKET OVERVIEW

Last-hour Global jitters and low interest from institutional investors push further pressure on Indian market. Flows were muted and there was a lack of buying interest from institutional investors throughout the day. Nifty future down 68 points at 7325.

The 30-share BSE Sensex plunged 266 points at 24020. The market breadth was weak as about 779 shares advanced against 1831 declining shares on the BSE.

Punjab National Bank has posted disappointing December quarter with higher provisions and asset quality further worsening. Its net profit has fallen 93.4 percent to Rs 51 crore in October-December quarter from Rs 775 crore in corresponding quarter last fiscal.

Dr Reddy's consolidated net profit was up marginally at Rs 579 crore in December quarter compared to Rs 574.5 crore in year-ago period. The company had to bear a forex loss of Rs 29.8 crore. During the period, total income was up 3.2 percent at Rs 3968 crore against Rs 3843 crore year-on-year

Nifty Technical Overview:
Nifty futures opened with negative note and witnessed consolidated movement for the entire and sustained below the level of 7350 for the entire day. Tomorrow if it manages to sustain below this level then downside movement is expected below the level of 7290 and can test 7250-7200.

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