Benchmark indices opened on a positive note on Monday.
At 09:16 am, the S&P BSE Sensex was trading over 200 points higher at 37,580 levels while NSE's Nifty50 index was hovering around 11,100 levels, up over 60 points.
Among individual stocks, Sun Pharma, Vedanta and L&T were the top gainers with over 2 per cent gains while Power Grid and ONGC were the biggest laggards.
In the broader market, the S&P BSE MidCap was trading over 64 points or 0.48 per cent higher at 13,555 levels while the S&P BSE SmallCap was ruling at 12,643, up 59 points or 0.47 per cent.
On the sectoral front, all the indices on NSE were trading in the green.
GLOBAL CUES
Asian stocks rose on Monday as hopes of more stimulus from central banks around the world and steps being taken by major economies such as Germany and China soothed investors’ fears of a sharp global economic slump. In the commodities market, oil prices rose following a weekend attack on a Saudi oil facility by Yemeni separatists, but recession worries capped gains.
(With inputs from Reuters)
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09:42 AM
Dabur rises 1%
09:40 AM
Crisil trades 1.6% lower
09:37 AM
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09:36 AM
RBL Bank rises 3%
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09:34 AM
Nifty PSU Bank index slips in red
09:33 AM
Market check | Sensex gives up gains
09:32 AM
Nifty outlook | Ashish Nanda, Kotak Securities
Previous week was dominated by Reliance industries and helped indices from falling below previous lowest levels. Almost all Nifty 50 stocks have declared their number first quarterly numbers and they were below estimates. Domestic developments are missing and global cues are highly uncertain, in such environment we should not biased to any specific view. Pessimism is increasing on the street along with cash levels, which is precursor to bottoming formation. Even auto companies have started recovering from lower levels on week on week basis. It may be too early to say but it would be an opportunity to invest in few large companies with a long term view. For the week focus should be on Banks, Auto and Metal companies. Avoid pharmaceuticals and Technology companies for trading. Nifty would remain in the range of 10,900 and 11,200. Expect technical price break out above 11,200.
(Ashish Nanda is EVP & Business Head - PCG, Commodities and Currency Business, Kotak securities)
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Market check
09:24 AM
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Westlife Development gains nearly 5%
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ICRA trades over 3% higher
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Sun Pharma trades 1.5% higher
09:21 AM
DHFL adds 2% during morning deals
09:20 AM
InterGlobe Aviation trades nearly 3% higher
09:20 AM
M&M trades flat with negative bias
09:19 AM
Ujjivan Financial Services under pressure
09:18 AM
Sectoral trends at NSE during Opening trade
09:17 AM
Top gainers and losers on S&P BSE Sensex during Opening trade
09:17 AM
Market at Open
09:16 AM
Market at Open
09:13 AM
Govt speaking to banks about stimulus package for economy: SBI chairman
The government is speaking to banks as it considers a stimulus package to revive India's economy that has hurt credit demand in its slump, said Rajnish Kumar, chairman of State Bank of India (SBI), in Kolkata on Sunday.
"Hopefully, with increased government spending, monsoons and festive season we will see credit demand. Last year we saw nearly 14 per cent credit growth at SBI, and this year we expect at least 12-14 per cent credit growth,” he said. READ MORE
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Intra-day futures recommendation by ICICI Securities
09:11 AM
M&M lays off 1,500 temporary workers, seeks govt stimulus for industry
Indian auto major Mahindra & Mahindra has made a case for a fiscal stimulus package from the government for the automobile sector to tide over an unprecedented slump in sales and arrest job losses.
The company's Managing Director Pawan Goenka told reporters here that the auto maker has retrenched about 1,500 temporary workers since April 1 this year, adding that if the slowdown continues it will be forced to lay off more employees. READ MORE
09:03 AM
Top gainers and losers on S&P BSE Sensex during Pre-open
At 09:16 am, the S&P BSE Sensex was trading over 200 points higher at 37,580 levels while NSE's Nifty50 index was hovering around 11,100 levels, up over 60 points.
Among individual stocks, Sun Pharma, Vedanta and L&T were the top gainers with over 2 per cent gains while Power Grid and ONGC were the biggest laggards.
In the broader market, the S&P BSE MidCap was trading over 64 points or 0.48 per cent higher at 13,555 levels while the S&P BSE SmallCap was ruling at 12,643, up 59 points or 0.47 per cent.
On the sectoral front, all the indices on NSE were trading in the green.
GLOBAL CUES
Asian stocks rose on Monday as hopes of more stimulus from central banks around the world and steps being taken by major economies such as Germany and China soothed investors’ fears of a sharp global economic slump. In the commodities market, oil prices rose following a weekend attack on a Saudi oil facility by Yemeni separatists, but recession worries capped gains.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
09:42 AM
Dabur rises 1%
09:40 AM
Crisil trades 1.6% lower
09:37 AM
NEWS ALERT | Axis Bank cuts lending rates by 5-10 bps
09:36 AM
RBL Bank rises 3%
09:35 AM
Dr Reddy's Lab gains over 2%
09:34 AM
Nifty PSU Bank index slips in red
09:33 AM
Market check | Sensex gives up gains
09:32 AM
Nifty outlook | Ashish Nanda, Kotak Securities
Previous week was dominated by Reliance industries and helped indices from falling below previous lowest levels. Almost all Nifty 50 stocks have declared their number first quarterly numbers and they were below estimates. Domestic developments are missing and global cues are highly uncertain, in such environment we should not biased to any specific view. Pessimism is increasing on the street along with cash levels, which is precursor to bottoming formation. Even auto companies have started recovering from lower levels on week on week basis. It may be too early to say but it would be an opportunity to invest in few large companies with a long term view. For the week focus should be on Banks, Auto and Metal companies. Avoid pharmaceuticals and Technology companies for trading. Nifty would remain in the range of 10,900 and 11,200. Expect technical price break out above 11,200.
(Ashish Nanda is EVP & Business Head - PCG, Commodities and Currency Business, Kotak securities)
09:30 AM
Walchandnagar Industries trades 1% higher
09:28 AM
Momentum picks by ICICI Securities
09:28 AM
Oracle Financial Services Software top gainer among the IT pack
09:27 AM
Sundaram Clayton up 1%
09:26 AM
Brigade Enterprises hits 52-week high; up 7%
09:25 AM
Market check
09:24 AM
Broader Market Check
09:23 AM
Westlife Development gains nearly 5%
09:23 AM
ICRA trades over 3% higher
09:22 AM
Sun Pharma trades 1.5% higher
09:21 AM
DHFL adds 2% during morning deals
09:20 AM
InterGlobe Aviation trades nearly 3% higher
09:20 AM
M&M trades flat with negative bias
09:19 AM
Ujjivan Financial Services under pressure
09:18 AM
Sectoral trends at NSE during Opening trade
09:17 AM
Top gainers and losers on S&P BSE Sensex during Opening trade
09:17 AM
Market at Open
09:16 AM
Market at Open
09:13 AM
Govt speaking to banks about stimulus package for economy: SBI chairman
The government is speaking to banks as it considers a stimulus package to revive India's economy that has hurt credit demand in its slump, said Rajnish Kumar, chairman of State Bank of India (SBI), in Kolkata on Sunday.
"Hopefully, with increased government spending, monsoons and festive season we will see credit demand. Last year we saw nearly 14 per cent credit growth at SBI, and this year we expect at least 12-14 per cent credit growth,” he said. READ MORE
Rajnish Kumar, SBI Chairman
09:13 AM
Intra-day futures recommendation by ICICI Securities
09:11 AM
M&M lays off 1,500 temporary workers, seeks govt stimulus for industry
Indian auto major Mahindra & Mahindra has made a case for a fiscal stimulus package from the government for the automobile sector to tide over an unprecedented slump in sales and arrest job losses.
The company's Managing Director Pawan Goenka told reporters here that the auto maker has retrenched about 1,500 temporary workers since April 1 this year, adding that if the slowdown continues it will be forced to lay off more employees. READ MORE
09:03 AM
Top gainers and losers on S&P BSE Sensex during Pre-open
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