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.

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.

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