Global cues, rupee's trajectory, oil price movement, and stock-specific action will influence market direction today even as investors worry about the slowdown in the domestic economy.
The Reserve Bank of India (RBI) on Wednesday made it mandatory for banks to link all their fresh retail loans to an external benchmark, effective October 1 — the central bank’s repo rate being one such benchmark. READ MORE
GLOBAL CUES
Wall Street’s main indexes rebounded on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British lawmakers’ approval of a law to delay Brexit provided relief to investors worried about global growth. The Dow Jones rose 0.91 per cent, the S&P 500 gained 1.08 per cent, and the Nasdaq Composite added 1.3 per cent.
Asian stocks perked up on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.24 per cent, Japan's Nikkei gained 1.09 per cent, and Australian shares increased by 0.33 per cent.
Oil prices rose more than 4 per cent on Wednesday and Brent futures rose $2.44, to settle at $60.70 a barrel.
(With inputs from Reuters)
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Auto Refresh
09:26 AM
Market check
09:25 AM
Hindustan Petroleum gains 1 per cent
09:24 AM
Hubtown rises over4%
09:23 AM
Shankara Building Products trades in the red
09:22 AM
NMDC up over a per cent
09:21 AM
Jet Airways trades flat
09:20 AM
Motherson Sumi System trades over 2% higher
09:20 AM
Wipro gains 0.5%
09:19 AM
Reliance Industries trades in the green
09:18 AM
Sectoral trends at NSE during Opening trade
09:18 AM
Top gainers and losers on S&P BSE Sensex during Opening trade
09:17 AM
Market at Open
09:17 AM
Market at Open
09:03 AM
Market at Pre-open
09:02 AM
Top gainers and losers on S&P BSE Sensex during Pre-open
09:02 AM
Market at Pre-open
09:01 AM
Rupee opening
Rupee opens higher at 71.86/$ vs Wednesday's close of 72.11 against the US dollar
08:53 AM
Jio Fibre launch today: From offers to registration, all you need to know
At the company's Annual General Meeting (AGM) last month, Reliance Industries Chairman and Managing Director Mukesh Ambani announced that JioFibre customers would get free voice calls for life from landline, 100 megabit (mbps) to 1 gigabit per second broadband speed for subscription starting Rs 700 a month and a free HD TV set on commitment to an annual plan. READ MORE
08:49 AM
August Sales Data | JLR US Sales
-- Total units sold at 8,700, down 9.8% YoY
-- Total Jaguar sales at 2,128 unitts, down 13.8% YoY
-- Total Land Rover sales at 6,572 units, down 8.5% YoY
08:44 AM
Wipro secures $300 million worth IT contract from ICICI Bank
IT services company Wipro on Wednesday said it has bagged an IT outsourcing contract worth around $300 million (around Rs 2, 200 crore) from ICICI Bank under which it would provide a comprehensive suite of services to the lender.
As a part of the contract which has a tenure of 7 years, Wipro entered into a business transfer agreement with Vara lnfotech, a Mumbai based company, for an all cash consideration of Rs 321 crore. Vara Infotech currently provides IT services to ICICI Bank, and post acquisition of this business, Wipro will be the new service provider to the lender. READ MORE
08:38 AM
Stocks to watch
Wipro: The IT services company on Wednesday said it has bagged an IT outsourcing contract worth around $300 million (around Rs 2, 200 crore) from ICICI Bank under which it would provide a comprehensive suite of services to the lender.
PNB: Global rating agency Moody's on September 4 upgraded the outlook on Punjab National Bank (PNB), which will merge OBC and United Bank of India with itself, to 'positive' from 'stable'. READ MORE
Markets, Investors, Indices, Stocks
08:33 AM
Analysts bullish on mid-cap IT stocks as valuations turn attractive
Infosys touched a fresh high of Rs 822.30 apiece on the BSE on Wednesday, after foreign brokerage firm UBS maintained a 'buy' rating on the stock with the target price of Rs 850. Thus far in calendar year 2019 (CY19), the stock has gained 23 per cent as against one per cent rise in the S&P BSE Sensex. In fact, the stock has done well since the presentation of the Budget in July – rising nearly 11 per cent at a time when the S&P BSE Sensex has slipped over 8 per cent. READ MORE
Infosys
08:32 AM
NEWS ALERT | Total North America orders for August Class 8 Trucks at 10,414 units, up 6% MoM: CNBC TV18
-- Orders down 80% YoY
08:30 AM
NEWS ALERT | US Dept Of Justice moves to block Aleris acquisition by Hindalco's arm Novelis: CNBC TV18
-- Novelis intends to vigorously defend against DoJ's challenge: Hindalco
-- Company is confident of closing the transaction By Jan 21, 2020
08:28 AM
Decorative paints and footwear stand out amid slowdown, may remain outliers
The pain arising out of the feeble consumption sentiment has, in recent times, spread to discretionary segments ranging from gold and undergarments to stationery, thereby adding to scepticism on their growth prospects. However, segments in the discretionary space such as decorative paints and footwear have weathered the storm and are likely to remain outliers. READ MORE
08:24 AM
Re-categorisation of stocks: Fund managers seek review of new norms
Equity fund managers, who manage assets worth Rs 6 trillion, are seeking a review of the re-categorisation norms introduced by the Securities and Exchange Board of India (Sebi) about two years ago.
Money managers are of the view that some tweaking in the methodology prescribed for classifying a stock as large-, mid- or small-cap will bring about more flexibility in their investment calls and help curb unnecessary churn. READ MORE
08:19 AM
Top FPIs see modest rise in investment value amid sustained volatility
The investment value of top foreign portfolio investors (FPIs) saw a modest rise in the past year amid sustained volatility. The holding of the top 25 FPIs in Indian shares stood at Rs 4.6 trillion as on June 30, 2019, up 16 per cent over the same period last year, according to data from nseinfobase.com. The data has taken into account funds that own more than 1 per cent in Indian stocks. READ MORE
Top FPIs see modest rise in investment value amid sustained volatility
08:17 AM
Top trading ideas by CapitalVia : Buy BPCL, Sell Britannia Futures
Nifty View:
Markets started this week with a massive sell-off due to weaker automobile sales along with weak GDP data. On Wednesday, however, market saw smart recovery from lows and managed to close with marginal gains of 46.80 points at 10,844.70. Niftybank showed more strength with gains of 1.12 percent at 27,123.80. As per option data, huge put writing was witnessed on lower strikes ranging from 10,700 to 10,800 which will act as support for the this truncated weekly expiry. We can witness resistance on higher end at 10,900 and 11,000 as highest OI stand on these strikes. We should keep a positive bias on Nifty and any dip will be an opportunity for the traders keeping 10,750 as a base. READ MORE
08:16 AM
Sebi seeks IndiGo's response to Gangwal's letter over corporate governance
The Securities and Exchange Board of India (Sebi) has sought a response from IndiGo on a fresh letter by the company's co-promoter Rakesh Gangwal regarding corporate governance issues. In a filing to the stock exchanges on Wednesday, InterGlobe Aviation said the markets regulator has sought comments on a letter written by Gangwal on August 30. "The company will provide its response to the Sebi," the filing said. READ MORE
IndiGo co-promoter Rakesh Gangwal
08:10 AM
Sebi urges unified G-sec, corporate bond market to spur economic growth
Ajay Tyagi, chairman, Securities and Exchange Board of India (Sebi) says a unified platform for government and private securities could go a long way in developing the corporate bond market in the country. The Sebi chief says for the economic growth trajectory to move to the next level all means of financing corporate investments need to fire up. READ MORE
Ajay Tyagi, Chairman, SEBI
The Reserve Bank of India (RBI) on Wednesday made it mandatory for banks to link all their fresh retail loans to an external benchmark, effective October 1 — the central bank’s repo rate being one such benchmark. READ MORE
GLOBAL CUES
Wall Street’s main indexes rebounded on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British lawmakers’ approval of a law to delay Brexit provided relief to investors worried about global growth. The Dow Jones rose 0.91 per cent, the S&P 500 gained 1.08 per cent, and the Nasdaq Composite added 1.3 per cent.
Asian stocks perked up on Thursday. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.24 per cent, Japan's Nikkei gained 1.09 per cent, and Australian shares increased by 0.33 per cent.
Oil prices rose more than 4 per cent on Wednesday and Brent futures rose $2.44, to settle at $60.70 a barrel.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
09:26 AM
Market check
09:25 AM
Hindustan Petroleum gains 1 per cent
09:24 AM
Hubtown rises over4%
09:23 AM
Shankara Building Products trades in the red
09:22 AM
NMDC up over a per cent
09:21 AM
Jet Airways trades flat
09:20 AM
Motherson Sumi System trades over 2% higher
09:20 AM
Wipro gains 0.5%
09:19 AM
Reliance Industries trades in the green
09:18 AM
Sectoral trends at NSE during Opening trade
09:18 AM
Top gainers and losers on S&P BSE Sensex during Opening trade
09:17 AM
Market at Open
09:17 AM
Market at Open
09:03 AM
Market at Pre-open
09:02 AM
Top gainers and losers on S&P BSE Sensex during Pre-open
09:02 AM
Market at Pre-open
09:01 AM
Rupee opening
Rupee opens higher at 71.86/$ vs Wednesday's close of 72.11 against the US dollar
08:53 AM
Jio Fibre launch today: From offers to registration, all you need to know
At the company's Annual General Meeting (AGM) last month, Reliance Industries Chairman and Managing Director Mukesh Ambani announced that JioFibre customers would get free voice calls for life from landline, 100 megabit (mbps) to 1 gigabit per second broadband speed for subscription starting Rs 700 a month and a free HD TV set on commitment to an annual plan. READ MORE
08:49 AM
August Sales Data | JLR US Sales
-- Total units sold at 8,700, down 9.8% YoY
-- Total Jaguar sales at 2,128 unitts, down 13.8% YoY
-- Total Land Rover sales at 6,572 units, down 8.5% YoY
08:44 AM
Wipro secures $300 million worth IT contract from ICICI Bank
IT services company Wipro on Wednesday said it has bagged an IT outsourcing contract worth around $300 million (around Rs 2, 200 crore) from ICICI Bank under which it would provide a comprehensive suite of services to the lender.
As a part of the contract which has a tenure of 7 years, Wipro entered into a business transfer agreement with Vara lnfotech, a Mumbai based company, for an all cash consideration of Rs 321 crore. Vara Infotech currently provides IT services to ICICI Bank, and post acquisition of this business, Wipro will be the new service provider to the lender. READ MORE
08:38 AM
Stocks to watch
Wipro: The IT services company on Wednesday said it has bagged an IT outsourcing contract worth around $300 million (around Rs 2, 200 crore) from ICICI Bank under which it would provide a comprehensive suite of services to the lender.
PNB: Global rating agency Moody's on September 4 upgraded the outlook on Punjab National Bank (PNB), which will merge OBC and United Bank of India with itself, to 'positive' from 'stable'. READ MORE
Markets, Investors, Indices, Stocks
08:33 AM
Analysts bullish on mid-cap IT stocks as valuations turn attractive
Infosys touched a fresh high of Rs 822.30 apiece on the BSE on Wednesday, after foreign brokerage firm UBS maintained a 'buy' rating on the stock with the target price of Rs 850. Thus far in calendar year 2019 (CY19), the stock has gained 23 per cent as against one per cent rise in the S&P BSE Sensex. In fact, the stock has done well since the presentation of the Budget in July – rising nearly 11 per cent at a time when the S&P BSE Sensex has slipped over 8 per cent. READ MORE
Infosys
08:32 AM
NEWS ALERT | Total North America orders for August Class 8 Trucks at 10,414 units, up 6% MoM: CNBC TV18
-- Orders down 80% YoY
08:30 AM
NEWS ALERT | US Dept Of Justice moves to block Aleris acquisition by Hindalco's arm Novelis: CNBC TV18
-- Novelis intends to vigorously defend against DoJ's challenge: Hindalco
-- Company is confident of closing the transaction By Jan 21, 2020
08:28 AM
Decorative paints and footwear stand out amid slowdown, may remain outliers
The pain arising out of the feeble consumption sentiment has, in recent times, spread to discretionary segments ranging from gold and undergarments to stationery, thereby adding to scepticism on their growth prospects. However, segments in the discretionary space such as decorative paints and footwear have weathered the storm and are likely to remain outliers. READ MORE
08:24 AM
Re-categorisation of stocks: Fund managers seek review of new norms
Equity fund managers, who manage assets worth Rs 6 trillion, are seeking a review of the re-categorisation norms introduced by the Securities and Exchange Board of India (Sebi) about two years ago.
Money managers are of the view that some tweaking in the methodology prescribed for classifying a stock as large-, mid- or small-cap will bring about more flexibility in their investment calls and help curb unnecessary churn. READ MORE
08:19 AM
Top FPIs see modest rise in investment value amid sustained volatility
The investment value of top foreign portfolio investors (FPIs) saw a modest rise in the past year amid sustained volatility. The holding of the top 25 FPIs in Indian shares stood at Rs 4.6 trillion as on June 30, 2019, up 16 per cent over the same period last year, according to data from nseinfobase.com. The data has taken into account funds that own more than 1 per cent in Indian stocks. READ MORE
Top FPIs see modest rise in investment value amid sustained volatility
08:17 AM
Top trading ideas by CapitalVia : Buy BPCL, Sell Britannia Futures
Nifty View:
Markets started this week with a massive sell-off due to weaker automobile sales along with weak GDP data. On Wednesday, however, market saw smart recovery from lows and managed to close with marginal gains of 46.80 points at 10,844.70. Niftybank showed more strength with gains of 1.12 percent at 27,123.80. As per option data, huge put writing was witnessed on lower strikes ranging from 10,700 to 10,800 which will act as support for the this truncated weekly expiry. We can witness resistance on higher end at 10,900 and 11,000 as highest OI stand on these strikes. We should keep a positive bias on Nifty and any dip will be an opportunity for the traders keeping 10,750 as a base. READ MORE
08:16 AM
Sebi seeks IndiGo's response to Gangwal's letter over corporate governance
The Securities and Exchange Board of India (Sebi) has sought a response from IndiGo on a fresh letter by the company's co-promoter Rakesh Gangwal regarding corporate governance issues. In a filing to the stock exchanges on Wednesday, InterGlobe Aviation said the markets regulator has sought comments on a letter written by Gangwal on August 30. "The company will provide its response to the Sebi," the filing said. READ MORE
IndiGo co-promoter Rakesh Gangwal
08:10 AM
Sebi urges unified G-sec, corporate bond market to spur economic growth
Ajay Tyagi, chairman, Securities and Exchange Board of India (Sebi) says a unified platform for government and private securities could go a long way in developing the corporate bond market in the country. The Sebi chief says for the economic growth trajectory to move to the next level all means of financing corporate investments need to fire up. READ MORE
Ajay Tyagi, Chairman, SEBI
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