Market Live: Nifty breaks 9700 on F&O

Market Live: Nifty breaks 9700 on F&O expiry day, Sensex mildly lower 

Govt plans to dilute stake in O&G fields: India plans to offer stakes of up to 60 percent in oil and gas fields owned by state energy companies that are already under production to private firms, Reuters said quoting five government and company sources with knowledge of the matter. 

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The government is making the decision after failing to draw investment from global oil majors in new fields. The plan would boost India's domestic oil and gas output and would meet Prime Minister Narendra Modi's target to reduce oil imports by 10 percent by 2022. However, the plan could reduce profits of state-owned companies. 

Technical Outlook: See Nifty support in the range of 9,710-9,755, said Laurence Balanco of CLSA in an interview to CNBC-TV18. He still has a long-term target of 12,000 on Nifty. 

• Nifty at 9,710 is a good buying opportunity. 
• Nifty can attain 10,300 mark by end of current calendar year. 
• He see downside target for the rupee at 62 against the US dollar. 
• Talking about crude, he said for Brent crude USD 58 per barrel looks like the top of its trading range 

Rupee at over 6-month low: The rupee took more blows today as it slipped 16 paise to a fresh six and a half month low of 65.88 against the dollar that gained clout overseas on talk of a US rate hike and the prospect of monetary stimulus pullout

Live Nifty and Sensex 26-Aug-2016

Sensex, Nifty under pressure; Fed chief Yellen's speech eyed  
12:59 pm Market Update: Equity benchmarks remained under pressure as the Sensex was down 77.86 points at 27758.05 and the Nifty down 22.65 points at 8569.55. About 1422 shares declined against 963 advancing shares on the BSE.  

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12:40 pm Europe opens: European stocks opened slightly higher as investors stay sidelined amid continued debate among Federal Reserve officials over the timing of a US rate hike and ahead of a speech by the central bank's chair Janet Yellen later in the day. The pan-European STOXX 600 was up 0.16 percent.

12:35 pm Edelweiss on Mahanagar Gas: The Mumbai Metro Rail Corporation has inked agreements with 4 civil contractors, including J Kumar Infra, for 6 project packages. This will enable the contractors to claim mobilisation advances and start work post the monsoon season, says Edelweiss. This project comprises around 50 percent of the company's order book.

12:20 pm Market Outlook: The sharp rally in the market does cause jitters, given the state of expensive valuations, especially in the midcap space, but overall, markets are moving in the right direction, says Vikas Khemani, President and CEO of Edelweiss Securities.

Live Nifty Sensex Update

LIVE: Sensex jumps over 70 points, Nifty above 8,650; Idea Cellular down, Aurobindo Pharma gains  

9.25 am: Aurobindo Pharma shares were trading 3.71 per cent higher at Rs 763.60. Sensex was up 65.98  points at 28056.19. Nifty was trading 12.45 points up at 8645.05.

9.20 am: Idea Cellular shares were down 3.17 per cent at Rs 97.60. Shares of the Company jumped over 7 per cent on Tuesday after media reports that Idea Cellular is exploring options for strategic deal with Vodafone and the telecom major is talks with Vodafone for potential merger. However, Idea Cellular in a reply to BSE said, “We would like to inform that, the news item is absolutely untrue and preposterous.” 

 9.15 am: Sensex opened 75.04 points up at 28065.25, while Nifty opened 15.90 points up at 8648.50.  

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PRE-OPENING  

The BSE Sensex and NSE Nifty are likely to open lower on Wednesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. At 8 am (IST), SGX Nifty was trading 26.50 points down at 8,627.50. Asian peers were trading mixed in the morning trade. Hang Seng was down by 0.52 per cent at 22878, Shanghai and Nikkei were trading higher by 0.49 per cent and 0.01 per cent, respectively.  

Castrol Ltd, a unit of oil major BP Plc, is selling an up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to a termsheet seen by Reuters. The BP unit is selling shares at between Rs 385 to Rs 415.5 apiece, the termsheet showed. Castrol India shares on Tuesday closed 0.14 per cent down at Rs 417.10.  

Aurobindo Pharma on Tuesday registered a 23.81 per cent increase in consolidated net profit at Rs 584.96 crore for the first quarter ended June 30, 2016 against net profit of Rs 472.45 crore in the corresponding quarter a year ago.

LIVE: Sensex, Nifty Open Flat

LIVE: Sensex, Nifty open flat; Allcargo Logistics, HPCL shares fall 

9.24 am: Allcargo Logistics fell over 5 per cent post Q1 results. The scrip was trading 5.27 per cent down  
at Rs 185 in the early trade.

9.18 am: Shriram EPC shares were trading 10.43 per cent up at Rs 24.35 in the early trade. Sensex was down 26.92 points at 27958, while Nifty was trading 9.95 points down at 8,619.  

9.15 am: Domestic benchmark indices opened on a flat note on Tuesday. Sensex opened 27.02 points up at 28012.56, while Nifty opened 0.80 points, or 0.01 per cent, down at 8,628.35.  

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8.07 am: The BSE Sensex and NSE Nifty are likely to open on a flat note with negative bias on Tuesday tracking Nifty futures on the Singapore Stock Exchange and mixed global cues. At 7.57 am (IST), SGX Nifty was down 10.50 points, or 0.12 per cent, at 8,617. Asian peers, Hang Seng and Nikkei were down by 0.28 per cent and 0.20 per cent, respectively, in the morning trade. However, Shanghai was trading up by 0.43 per cent.  

The 30-share Sensex dipped 91.46 points to 27985.54 on Monday with investors adopting cautious stance after the appointment of Urjit Patel as the next RBI chief, who is very unlikely to cut rates in view of high inflation. NSE Nifty 50 index closed 37.75 points down at 8,629.15.  

Shares of Pfizer and HPCL will remain in focus on Tuesday. Pfizer will pay about $14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine.  

State-owned Hindustan Petroleum Corp (HPCL) on Monday registered a 30 per cent rise in its June quarter net profit to Rs 2,098.38 crore on rise in fuel sales and inventory gains. The oil marketing company posted a net profit of Rs 1614.13 crore in the corresponding quarter a year ago.

Sensex Down Over 100 Points

Sensex Down Over 100 Points; Sun Pharma, Lupin Drag  
11.36 a.m.: Sun Pharma led selloff in pharma stocks, it was down 2.3 per cent at Rs 765.85. The pharma  sub-index of National Stock Exchange was down 1.05 per cent. Lupin , Auro Pharma were the other two big losers in the index. Meanwhile the Sensex was down 136 points at 27,941 and the Nifty traded 46 points lower at 8,621. The rupee was at 67.19, down 13 paise against the dollar.

10.40 a.m.: Sensex fell 134 points to 27,943 after selling intensified in metal and auto shares. The Nifty traded 46 points lower at 8,621. Hindalco, Sun Pharma, Lupin, Bank of Baroda were the prominent losers in the Nifty, down 1.5-2 per cent.  

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10.10 a.m.: Selling in auto, metal and banking shares dragged frontline indices lower. The Sensex was down 65 points at 28,012 while the Nifty50 index traded 25 points lower at 8,642.  

10.05 a.m.: Fortis Malar Hospital shares surged 20 per cent to Rs 68.50 after its parent Fortis Healthcare announced demerger of diagnostic business with itself.

9:30 p.m.: Welspun India slumps 20 per cent after Bloomberg reported that Target Corp is ending all business with the company, "after saying the supplier was sending it phony Egyptian cotton sheets".  

9:25 p.m.: Sensex overcame a weak start to move higher with FMCG and energy stocks edging higher in early trade. Sensex up over 50 points while Nifty rises to 8,685 at day's high. The BSE Sensex and Nifty are likely to open flat on Monday as indicated by SGX Nifty (Nifty futures trading on Singapore Stock Exchange), which was up 11 points at 8,699 as of 8.10 a.m.  

The government on Saturday appointed Urjit Patel, current Deputy Governor at Reserve Bank of India, as the new Governor who will replace outgoing Governor Raghuram Rajan. Mr Patel's appointment as Reserve Bank Governor should lead to a rally in stock markets, said most of the analysts as it signals the continuity of monetary policy, which is focused on curbing inflation.

LIVE: Sensex, Nifty Open Flat

LIVE: Sensex, Nifty open flat; Power Grid, Jain Irrigation hit fresh 52-week high  

10.00 am: Power Grid Corporation hit its fresh 52-week high of Rs 183.10. Shares of the company were trading 2.22 per cent up at Rs 182 on NSE. Sensex was up 14 points at 28,166.  

9.58 am: Meanwhile, Jain Irrigation shares hit their fresh 52-week high of Rs 78.90. The scrip was trading 5.47 per cent up at Rs 78.10 on NSE.  

9.23 am: Sensex was down 13.32 points at 28139. Nifty was trading 6.50 points down at 8665.65. In the 50-share index, ITC, BPCL, Power Grid, YES Bank, State Bank of India were up between 0.79 per cent and 1.33 per cent. On the other hand, Infosys, Tech Mahindra, Tata Motors, Zee Entertainment and TCS slid between 0.83 per cent and 3.12 per cent.  

9.15 am: BSE Sensex opened 37.64 points up at 28190.04, while NSE Nifty opened 1.90 points down at 8,670.25.  

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PRE-MARKETS  

The BSE Sensex and NSE Nifty are likely to open on a flat note with negative bias on Tuesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. At 8.00 am (IST), SGX Nifty was down 5 points, or 0.06 per cent, at 8,711.50.  

Asian peers Nikkei and Shanghai were trading down by 0.29 per cent and 0.08 per cent, respectively, in the morning trade. However, on Wall Street, S&P 500, Dow Jones Industrial Average index and Nasdaq closed at all-time highs on Monday, gaining 0.3 to 0.6 per cent.

Free Nifty Future Tips

LIVE: Sensex surges over 250 points in early trade, Nifty above 8,650; Aditya Birla Nuvo tumbles over 15% 

9.45 am: Grasim Industries was trading 3.11 per cent down at Rs 4397. However, Sensex was up by 284  
points at 28144, while Nifty was trading 74.15 points up at 8,666.30.

9.18 am: The 30-share index advanced further and was trading 173.45 points up at 28033. Nifty was trading 38.95 points up at 8,631. Shares of Aditya Birla Nuvo were trading 19.33 per cent down at Rs 1,263. 

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9.15 am: Benchmark Sensex opened 60.35 points up at 27919.95, while Nifty 50 index opened 13.30 points up at 8605.45.  

PRE-OPENING The BSE Sensex and NSE Nifty are likely to open on flat note with positive bias tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues. At 8.00 am (IST), SGX Nifty was up 4 points, or 0.05 per cent, at 8, 621. Asian peers, Hang Seng, Nikkei and Shanghai were trading higher by 0.58 per cent, 0.76 per cent and 0.20 per cent, respectively.  

The 30-share index Sensex closed 84.72 points higher on Thursday on account of buying in select blue-chip counters amid mixed global cues. Nifty settled 16.85 points up at 8,592.15.

Sensex Rallies over 100 Points, Nifty Crosses 8,700

LIVE: Sensex rallies over 100 points in opening trade, Nifty crosses 8,700 to hit 52-week high; Wockhardt down 11 per cent  

9.32 am: Amara Raja Batteries stocks were trading 1.69 per cent up at Rs 917.15 after it posted a rise of 6.82% in its net profit at Rs 130.66 crore for the quarter ended June 30, 2016 as compared to Rs 122.32 crore for the same quarter in the previous year. Sensex was trading 143.84 points up at 28,222.19, while NSE Nifty was trading 37.40 points up at 8,720.55.  

9.19 am: Sensex was trading 107.60 points up at 28,185.95, while NSE Nifty hit its 52-week high by crossing 8,700. It was trading 25.35 points up at 8,708.50 during the same time. Wockhardt stocks were down 11 per cent  

9.09 am: In pre-markets session, Sensex is trading 103.57 points up at 28,181.92, while NSE Nifty is trading 29.70 points up at 8,712.85.  

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The BSE Sensex and NSE Nifty may open on a firm note on Monday tracking SGX Nifty, an indicator of how domestic markets will start the day. At 7.33 am, SGX Nifty was trading 49.50 points up at 8,752. On Friday, Sensex closed 363.98 points up at 28,078.35, while Nifty50 index settled 132.05 points up at 8,683.15.

Market Weekly :Sensex, Nifty End Flat

Markets weekly: Sensex, Nifty end flat; HCL Tech surges 9%, ICICI Bank falls 6%  

Benchmark indices BSE Sensex and NSE Nifty ended the week flat amid muted global cues. Market participants overlooked the approval of GST Constitutional Amendment Bill in the Rajya Sabha on Wednesday. The widely-tracked Nikkei purchasing managers’ index (PMI) which inched up to 51.8 points in July against 51.7 in the previous month also failed to support market sentiments. For the week ended August 8, the 30-share index Sensex closed 26.49 points up at 28078.35 against 28051.86 on July 29. NSE Nifty index jumped 44.65 points, or 52 per cent to 8683.15 from 8638.50 during the week. The Friday’s rally helped markets to pare all their losses and post gains for the week. Sensex gained 363.98 points on Friday.

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HCL Technologies, Hindalco Industries, Hero MotoCorp, Grasim Industries and Tata Steel gained 8.98 per cent, 7.82 per cent, 7.68 per cent, 7.47 per cent and 7.25 per cent, respectively, and stood among top gainers in the Nifty 50 pack for the week ended August 5. However, ICICI Bank, BHEL, Lupin, Larsen & Toubro and Aurobindo Pharma skid 6.43 per cent, 5.83 per cent, 3.99 per cent and 2.84 per cent in the past five trading sessions.

According to a corporate database Ace Equity, foreign institutional investors (FIIs) stood net buyers in equity segment for the week ended August 5 with gross purchases of Rs 21,370.86 crore and gross sales of Rs 19,630.27 crore, leading to a net inflow of Rs 1,740.59 crore. They stood as net sellers in the debt segment with gross purchases of Rs 4,340.62 crore against gross sales of Rs 6,410.31 crore, resulting in a net outflow of Rs 2,069.69 crore. During the week, Indian rupee appreciated by 22 paise to 66.81 on August 5 from 67.03 on July 29.

Sensex Surges, Nifty above 8,600

Sensex Surges 231 Points, Nifty above 8,600 on Fund Inflows 

Market benchmark sensex rallied over 231 points to 27,945.40 and its counterpart NSE Nifty regained the 8,600-mark in early session today on a fresh spell of buying in select blue-chips by investors amid sustained foreign fund inflows. Besides, a firming trend in rest of Asia after the Bank of England announced a interest rate cut and fresh stimulus package to counter the fallout from Britain's vote to quit the European Union also lifted sentiment here, brokers said.  

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The 30-share index was trading up 231.03 points, or 0.83%, at 27,945.40, with all sectoral indices led by metal, banking, auto, PSU and power staying in the green, rising by up to 1.25%. The gauge had gained 16.86 points in the previous volatile session. The NSE Nifty-50 index was trading higher by 78.15 points, or 0.91%, at 8,629.25. Investors sentiment also got a boost after the long-pending indirect tax reform Goods and Services Tax (GST) Constitutional Amendment bill was passed by Rajya Sabha on Wednesday.  

Meanwhile, Moody's investors Service yesterday said the GST implementation will be positive for the country's economic growth without any significant impact on inflation.Hong Kong's Hang Seng climbed 1.31 per cent while Japan's Nikkei was up 0.28 per cent in early trade today. China's main Shanghai Composite, however, shed 0.20 per cent. The US Dow Jones Industrial Average ended 0.02 per cent lower in yesterday's trade.

Impact of GST in Stock Market

LIVE: GST push! Sensex Rises Over 200 Points in Opening Trade, Nifty above 8,590; Auto Stocks up  

9.31 am: Benchmark indices wiped off opening gains. Sensex was trading 36.06 points down at 27661.45. Nifty was down marginally 0.75 points at 8544.10. In the Nifty 50 pack, Tata Motors, Tata Motors DVR, Sun Pharma, ONGC and Hero MotoCorp was up between 1.16 per cent and 2.84 per cent. On the other hand, Bharti Infratel, Bharti Airtel, Lupin, IndusInd Bank and ICICI Bank were down between 0.86 per cent and 1.69 per cent.  

9.15 am: Sensex opened 202.37 points, or 0.73 per cent up at 27899.88. Nifty was trading 55.10 points, or 0.64 per cent, up at 8,599.95. Auto stocks such as Tata Motors, Hero MotoCorp, Bajaj Auto and Maruti Suzuki were trading higher in the opening trade.  

8.12 am: The BSE Sensex and NSE Nifty are set to open higher on Thursday as the Rajya Sabha approved the much-awaited GST Bill on Wednesday. SGX Nifty was trading 34.50 points up at 8,619 in the morning trade, indicated a positive start of domestic equity markets. According to market experts, the passage of GST will boost country’s GDP by 1.5-2 per cent in coming years.  

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The benchmark Sensex closed 284 points down at 27697.51, while Nifty settled below 8,600-mark on Wednesday. After the passage of GST Bill, stocks of logistics, FMCG (excluding cigarettes and Jewellery), auto, cement, light electricals, multiplexes and retail will remain in focus today.

Nifty Market News: Opening Bell, GST Bill Update

Live: Sensex, Nifty Decline on Weak Global Cues; GST Bill Passage in Rajya Sabha Eyed

Opening Bell 

Indian shares extend losses as weak global cues prompt investors to take some profit off the table,  

while awaiting clearance for the passage of the unified sales tax bill. The S&P BSE Sensex declines 0.5 percent to 27,832; while the NSE Nifty loses 0.4 percent to 8,584. 

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HCL Technologies Soars After Q1 Net Beats Estimates  

The country’s fourth largest IT services provider jumps as much as 8.5 percent after it reports a 5.9 percent profit growth in the April-June quarter, beating the consensus estimate of analysts tracked by Bloomberg.  

The GST Trigger  

The long-pending GST Bill will be tabled today for consideration and passage in Rajya Sabha amidst strong indications that the most important economic reform in the last couple of decades would be supported by Congress and all other major political parties.

IPO Update  

• Dilip Buildcon IPO gets 70 percent demand for shares offered on second day of sale yesterday; offer scheduled to close today  
• S.P. Apparels IPO gets 12 percent demand for shares offered on first day of sale yesterday; offer closes August 4

See Nifty Futures Open at 8675

Indian Market Outlook: 

Nifty after a gap up opening yesterday, saw profit booking. Nifty August Futures is unable to breach
8750 and profit booking is witnessed from these levels since past few trading sessions. Market heavyweights like banks and Reliance Industries have been underperforming since past few trading sessions. Small Cap Index also witnessed profit booking from its all time high of 6172 to below its two days low of 6073 and made a low of 6039 before closing at 6089. FIIs are still net buyers in the Index Futures and the cash segment. This fall should be considered as a buying opportunity with three day low of Nifty at 8619 which will act as an strong support. 

However, for the next big up move spot nifty has to sustain above 8650 for a trading session.

Top five gainers were HSL Tech, TCS, Tata Steel, Hindalco Industries and Grasim Industries.  

Nifty Futures is expected to open at 8675 as per SGX Nifty at 8:30 am IST, which is 7 points below its previous close of 8682. 

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Nifty may Open on Positive Note

Post a flat start, the Nifty remained under pressure throughout the day and finally ended 28 points lower. Nifty futures settled at a premium of 48 points. India VIX fell 1.5 percent to 14.9. 

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FIIs sold Rs 14 crore while DIIs bought Rs 148 crore in the cash segment. FIIs bought Rs 85 crore in index futures and Rs 1393 crore in index options. In stock futures, they sold Rs 866 crore.  

The highest Put base at the 8500 strike with 39 lakh shares while the highest Call base is at the 9000 strike with 47 lakh shares. The 8700 and 8800 Call strikes saw additions of 3.6 and 2.9 lakh shares respectively, while the 8600 and 8700 Put strikes saw additions of 2.8 and 3.2 lakh shares, respectively.

Nifty Future: The Nifty is likely to open positive on the back of strong global cues. Buy Nifty in the range of 8685-8695 for targets of 8725-8745, stop loss: 8670.  

Bank Nifty Future: Apart from a few midcap banks, all major banks remained under pressure throughout the day. However, the index continued to remain firm above the sizeable Call base of 19000. We feel dips in the index should be utilised to create fresh long positions. Buy Bank Nifty in the range of 18880-18930, targets: 19050-19150 stop loss: 18790.

Nifty 50 August Futures

Nifty 50 August Futures (8,686) 

The August month Nifty Index futures started the session on a marginally positive note at 8,708, up slightly from its previous close at 8,701. After recording an intraday high at 8,744.7, the contract began to decline, experiencing selling pressure. The contract has breached a key immediate support at 8,700 and registered an intraday low at 8,668.  

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Currently, the contract trades at around 8,686 levels, which is still at a 40 points premium to the Nifty 50 Index, which is trading at 8,646. Traders with a short-term perspective should tread with caution as long as the contract trades above 8,670. An emphatic fall below this level can strengthen the bearish momentum and pull the contract down to 8,650 and then to 8,630 levels. In that case traders can initiate fresh short positions while maintaining a stop-loss at 8,680 levels.  

On the other hand, a strong rally beyond 8,700 will reinforce the uptrend and push the contract higher to 8,725 and then to 8,745 levels.

Nifty Future Trading Tips Today And Trends by Capitalheight

MUMBAI: National Stock Exchange (NSE) today rebranded two of its indices - Nifty Midcap 100 and Nifty Smallcap 100 - which will be effective from the next fiscal.

The bourse said the indices will be known as Nifty Free Float Midcap 100 and Nifty Free Float Smallcap 100 from April 1, 2016.

The five new indices - Nifty Midcap 150, Nifty Smallcap 250, Nifty Full Midcap 100, Nifty Smallcap 50, Nifty Full Smallcap 100 - would be published from the next financial year (April 1, 2016). 

CH GOOD MORNING NIFTY TREND: CONSOLIDATE NIFTY SPOT LEVELS SUPP 1: 7556 SUPP 2: 7450 RES 1: 7740 RES 2: 7870 CH BANK NIFTY TREND -CONSOLIDATE BANK NIFTY FUTURE LEVELS SUPP 1: 15540 SUPP 2: 15220 RES 1: 15990 RES 2: 16230 CH WORLD MARKET ALERT HANG SENG -4 NIKKEI -24 SHANGHAI 0 DOWJONES 19 NASDAQ -4 SGX NIFTY -7.

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Nifty Trading Tips Today & Trends By CapitalHeight

Nifty may open up; Asia mixed oil up before US contract expiry.

Asia markets were trading mixed after US equities squeezed out gains overnight. The Nikkei 225 was up 1.94 percent despite having been under pressure in recent weeks due to the yen’s strength against the USD. The Hang Seng gained 0.23 percent while the Shanghai Composite was off 0.33 percent. 

The SGX Nifty, trading 9.00 points up at 7720.00 at 7.38 AM, on Tuesday indicates a marginally positive opening for the 50-share Nifty.

Asian markets were trading mixed after US equities squeezed out gains overnight. 

The Nikkei 225 was up 1.94 percent despite having been under pressure in recent weeks due to the yen’s strength against the USD. The Hang Seng gained 0.23 percent while the Shanghai Composite was off 0.33 percent. 

CH GOOD MORNING NIFTY TREND: BULLISH NIFTY SPOT LEVELS SUPP 1: 7620 SUPP 2: 7515 RES 1: 7750 RES 2: 7870 CH BANK NIFTY TREND -BULLISH BANK NIFTY FUTURE LEVELS SUPP 1: 15720 SUPP 2: 15340 RES 1: 15990 RES 2: 16230

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Nifty Market Trend Analysis & News by CapitalHeight

 The market may open sharply higher tracking firmness in Asian stocks. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could jump 88.50 points at the opening bell. The market has opened higher on Fed's move. The Sensex is up 230.07 points or 0.9 percent at 24912.55 and the Nifty is up 70.40 points or 0.9 percent at 7569.15. About 616 shares have advanced, 124 shares declined, and 19 shares are unchanged.

Nifty Market Trend for Today-

NIFTY TREND: CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 7415; SUPP 2: 7350

RES 1: 7580; RES 2: 7635

CH BANK NIFTY TREND -BULLISH

BANK NIFTY FUTURE LEVELS

SUPP 1: 15350; SUPP 2: 15080

RES 1: 15860; RES 2: 16180

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