Benchmark indices opened flat on Thursday after the previous day's huge run up.
At 9:30 AM, the BSE Sensex had inched almost 50 points north to hover around 39,100 levels, with YES Bank, Powergrid, Larsen & Toubro, HCL Tech and HDFC Bank among the top gainers. Maruti Suzuki was trading almost 0.8 per cent lower ahead of the FY19Q4 results later in the day. Nifty, too traded flat with a gain of 17 points, or 0.14 per cent, at 11,743.
Most sectoral indices were trading in the green with the Nifty Realty index being the top gainer, up 0.85 per cent, while the Nifty Private Bank index was up 0.45 per cent.
In broader market, the S&P BSE Midcap index was trading almost 60 points, or 0.39 per cent, up around 15,277, while the S&P BSE Smallcap index had gained 76 points, or 0.51 per cent to trade at 14,922.
The rupee on Thursday slipped four paise to touch the crucial psychological level of 70 against the US dollar. The domestic currency on Wednesday declined by 24 paise to close at 69.86, weighed down by a strong dollar sentiment and high demand for the greenback from importers. READ MORE
GLOBAL MARKETS
Asian shares dipped during early trade on Thursday after a surprise deterioration in German business morale triggered fears of slowing global growth. Bank of Japan (BOJ) is also scheduled to announce its interest rate (monetary policy) decision today.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2 per cent, while Japan’s Nikkei average edged up 0.3 per cent to 22,264.81 points.
During the overnight trade, US indices shrugged off some earnings’ misses but drifted lower at the end of the session.
While Dow Jones Industrial Average ended 59.3 points lower at 26,597.05 level, S&P500 slipped 6.43 points to close at 2,927.25 level. Nasdaq, too, lost 18.81 points to end at 8,102.02 level.
(With inputs from Reuters)
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10:11 AM
Sector Buzz | Sugar stocks gain
Uttar Sugar Mills up over 8%, Dalmia Bharat Sugar and Industries up 6.81% (BSE quotes)
10:07 AM
Syngene International up over 2%
In results announced yesterday for Q4FY19, net profit grew 18.1 per cent YoY to Rs 99.8 crore while revenues grew 30.5 per cent YoY to Rs 533.9 crore.
10:04 AM
Axis Bank up 0.18% ahead of Q4 numbers
09:57 AM
NEWS ALERT | Manoj Raghavan to take over as Tata Elsi's CEO & MD
09:56 AM
Opening losers on S&P BSE Sensex
COMPANY PRICE(RS) CHG(RS) CHG(%) VOLUME
REL. COMM. 1.81 -0.09 -4.74 2880076
JET AIRWAYS 165.40 -5.85 -3.42 332216
M & M FIN. SERV. 421.20 -12.00 -2.77 274172
BHARTI INFRA. 293.90 -8.25 -2.73 62953
SUZLON ENERGY 7.12 -0.15 -2.06 1028038
» More on Top Losers
09:55 AM
Most active stocks by volume
COMPANY PRICE(RS) CHG(RS) CHG(%) VOLUME
REL. COMM. 1.81 -0.09 -4.74 2655545
RELIANCE POWER 8.11 0.37 4.78 1551798
SUZLON ENERGY 7.13 -0.14 -1.93 993205
YES BANK 245.55 6.40 2.68 710927
SPICEJET 129.15 2.90 2.30 704840
» More on Most Active Volume
09:40 AM
NEWS ALERT | SpiceJet to add 5 ex-Jet Airways' 737 planes on Friday, reports CNBC TV18
09:40 AM
YES Bank rises almost 3%
09:38 AM
YES Bank up over 2%
Reports suggest, CEO Ravneet Gill is contemplating to replace entire top leadership
09:37 AM
Titan slips 1.4 pts after touching record high of 1,164
09:34 AM
Nifty indices rally, Bank index up over 100 pts
09:31 AM
Buzzing: ICICI Prudential up over 3%
09:30 AM
M&M Fin down 0.8% after Q4 numbers
09:26 AM
Maruti Suzuki down nearly 1% ahead of Q4 numbers
09:23 AM
HDFC Securities on ACC
We estimate ACC to deliver 13/16% EBITDA/PAT CAGR during CY18-20E. Given ACC’s healthy cash flow and RoE, and its firming up major expansion plans (20% capacity increase by end CY21E/early CY21E), current valuation (of 9.9x CY20E EBITDA, EV/T of USD 130) is inexpensive. We recommend BUY with a TP of Rs 1,900 (11x its Mar-21E EBITDA and 0.5x its CY20E CWIP). Key risks: Roll back in cement prices, surge in energy costs (crude led).
09:23 AM
Bharti Infratel down over 3%
The company declared its Q4 result yesterday and announced a flat net profit of Rs 607.6 crore
09:16 AM
Market open | Nifty opens at 11,722
09:15 AM
Market open | Sensex opens 39,086 vs Wednesday's close of 39,054.68
09:12 AM
NEWS ALERT | Glenmark gets Russian health ministry's nod to market Momate Rhino spray as an over-the-counter product, reports CNBC TV18
09:11 AM
Sectoral trends on NSE during Pre-open
09:06 AM
Top gainers and losers on S&P BSE Sensex during Pre-open trade
09:04 AM
Rupee check
Rupee hits 70/$-mark, opens 13 paise lower against Wednesday's close of 69.87 against the US dollar
Rupee
09:03 AM
Nifty at Pre open
09:02 AM
Sensex at Pre-open
09:01 AM
Momentum picks by ICICI Securities
08:56 AM
NEWS ALERT | Maruti increases price of Baleno RS petrol & diesel variant with immediate effect, reports CNBC TV18
The new ex-showroom price of RS Baleno (petrol) is now Rs 8.88 lakh
08:54 AM
Earnings optimism lifts markets, FPI buys offset concerns over oil prices
The benchmark indices snapped their three-day losing streak, helped by better-than-expected earnings by corporates such as UltraTech cement. In addition, a new record high for the S&P500 — benchmark index for US equities — helped boost investor sentiment towards risky assets.
The Sensex climbed 1.3 per cent, or 490 points, to close at 39,055 on Wednesday, its steepest daily gain in more than six weeks. The Nifty closed at 11,726, up 150 points or 1.3 per cent — its biggest advance since January 31. Short-covering ahead of expiry of the April series derivatives. READ MORE.
08:52 AM
Market outlook by Prabhudas Lilladher
NIFTY VIEW
Market after a brief consolidation & Nifty holding on to a crucial support of 11,550, witnessed a good bounce & moved past the near term resistance of 11,650 to close above 11,700. We may witness further short covering & perhaps buying & participation once again coming from almost all sectors. IT as mentioned continues to be in green. The support for the day is seen at 38,760/11,660 while resistance 39,350/11,790. Bank Nifty would have a range of 29,560-30,180.
08:45 AM
Axis Bank Q4 preview: Analysts see up to 26% jump in PAT QoQ, NIM to improve
Axis Bank, India’s third largest private sector lender is set to announce its fourth quarter (January-March) results for 2018-19 on Thursday. Analysts are expecting a broad-based growth across all segments of the bank on the back of improved asset quality across the financial sector, coupled with improving liquidity and falling interest rates. Moreover, hopes are high from the new managing director and chief executive officer (MD&CEO) Amitabh Chaudhry, a seasoned investment banker, to turn the bank around. READ MORE
Axis Bank
08:37 AM
Maruti Suzuki Q4 preview: Brokerages expect slim revenue growth, profit dip
Maruti Suzuki will release its fourth quarter (January-March) results of the financial year 2018-19 (FY19) on Thursday. Brokerages expect the company to report slim revenue growth due to weak volume and average sale price (ASP) growth -- factors that have plagued the entire auto sector -- and a slip in net profit.
Automobile industry delivered a subdued volume performance in 4QFY19 with single-digit year-on-year (YoY) volume decline across segments led by spill-over effect of muted festive season, which resulted into higher inventory at the beginning of the quarter. Moreover, weak demand led to lower quarterly retail offtake. READ MORE
Maruti Suzuki
08:33 AM
Today's picks: From HDFC to Tata Motors, hot stocks to buy on Thursday
Nifty
Current 11,726 (fut: 11,823),
Target: NA
Stop-long positions at 11,725. Stop-short positions at 11,870. Big moves could go till 11,675, 11925. A long May 30, 11,600p (39), long 11,900c (55) can be offset with short May 02, 11,600p (23), short May 02, 11,900c (15). READ MORE
markets
At 9:30 AM, the BSE Sensex had inched almost 50 points north to hover around 39,100 levels, with YES Bank, Powergrid, Larsen & Toubro, HCL Tech and HDFC Bank among the top gainers. Maruti Suzuki was trading almost 0.8 per cent lower ahead of the FY19Q4 results later in the day. Nifty, too traded flat with a gain of 17 points, or 0.14 per cent, at 11,743.
Most sectoral indices were trading in the green with the Nifty Realty index being the top gainer, up 0.85 per cent, while the Nifty Private Bank index was up 0.45 per cent.
In broader market, the S&P BSE Midcap index was trading almost 60 points, or 0.39 per cent, up around 15,277, while the S&P BSE Smallcap index had gained 76 points, or 0.51 per cent to trade at 14,922.
The rupee on Thursday slipped four paise to touch the crucial psychological level of 70 against the US dollar. The domestic currency on Wednesday declined by 24 paise to close at 69.86, weighed down by a strong dollar sentiment and high demand for the greenback from importers. READ MORE
GLOBAL MARKETS
Asian shares dipped during early trade on Thursday after a surprise deterioration in German business morale triggered fears of slowing global growth. Bank of Japan (BOJ) is also scheduled to announce its interest rate (monetary policy) decision today.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2 per cent, while Japan’s Nikkei average edged up 0.3 per cent to 22,264.81 points.
During the overnight trade, US indices shrugged off some earnings’ misses but drifted lower at the end of the session.
While Dow Jones Industrial Average ended 59.3 points lower at 26,597.05 level, S&P500 slipped 6.43 points to close at 2,927.25 level. Nasdaq, too, lost 18.81 points to end at 8,102.02 level.
(With inputs from Reuters)
CATCH ALL THE LIVE UPDATES
Auto Refresh
10:11 AM
Sector Buzz | Sugar stocks gain
Uttar Sugar Mills up over 8%, Dalmia Bharat Sugar and Industries up 6.81% (BSE quotes)
10:07 AM
Syngene International up over 2%
In results announced yesterday for Q4FY19, net profit grew 18.1 per cent YoY to Rs 99.8 crore while revenues grew 30.5 per cent YoY to Rs 533.9 crore.
10:04 AM
Axis Bank up 0.18% ahead of Q4 numbers
09:57 AM
NEWS ALERT | Manoj Raghavan to take over as Tata Elsi's CEO & MD
09:56 AM
Opening losers on S&P BSE Sensex
COMPANY PRICE(RS) CHG(RS) CHG(%) VOLUME
REL. COMM. 1.81 -0.09 -4.74 2880076
JET AIRWAYS 165.40 -5.85 -3.42 332216
M & M FIN. SERV. 421.20 -12.00 -2.77 274172
BHARTI INFRA. 293.90 -8.25 -2.73 62953
SUZLON ENERGY 7.12 -0.15 -2.06 1028038
» More on Top Losers
09:55 AM
Most active stocks by volume
COMPANY PRICE(RS) CHG(RS) CHG(%) VOLUME
REL. COMM. 1.81 -0.09 -4.74 2655545
RELIANCE POWER 8.11 0.37 4.78 1551798
SUZLON ENERGY 7.13 -0.14 -1.93 993205
YES BANK 245.55 6.40 2.68 710927
SPICEJET 129.15 2.90 2.30 704840
» More on Most Active Volume
09:40 AM
NEWS ALERT | SpiceJet to add 5 ex-Jet Airways' 737 planes on Friday, reports CNBC TV18
09:40 AM
YES Bank rises almost 3%
09:38 AM
YES Bank up over 2%
Reports suggest, CEO Ravneet Gill is contemplating to replace entire top leadership
09:37 AM
Titan slips 1.4 pts after touching record high of 1,164
09:34 AM
Nifty indices rally, Bank index up over 100 pts
09:31 AM
Buzzing: ICICI Prudential up over 3%
09:30 AM
M&M Fin down 0.8% after Q4 numbers
09:26 AM
Maruti Suzuki down nearly 1% ahead of Q4 numbers
09:23 AM
HDFC Securities on ACC
We estimate ACC to deliver 13/16% EBITDA/PAT CAGR during CY18-20E. Given ACC’s healthy cash flow and RoE, and its firming up major expansion plans (20% capacity increase by end CY21E/early CY21E), current valuation (of 9.9x CY20E EBITDA, EV/T of USD 130) is inexpensive. We recommend BUY with a TP of Rs 1,900 (11x its Mar-21E EBITDA and 0.5x its CY20E CWIP). Key risks: Roll back in cement prices, surge in energy costs (crude led).
09:23 AM
Bharti Infratel down over 3%
The company declared its Q4 result yesterday and announced a flat net profit of Rs 607.6 crore
09:16 AM
Market open | Nifty opens at 11,722
09:15 AM
Market open | Sensex opens 39,086 vs Wednesday's close of 39,054.68
09:12 AM
NEWS ALERT | Glenmark gets Russian health ministry's nod to market Momate Rhino spray as an over-the-counter product, reports CNBC TV18
09:11 AM
Sectoral trends on NSE during Pre-open
09:06 AM
Top gainers and losers on S&P BSE Sensex during Pre-open trade
09:04 AM
Rupee check
Rupee hits 70/$-mark, opens 13 paise lower against Wednesday's close of 69.87 against the US dollar
Rupee
09:03 AM
Nifty at Pre open
09:02 AM
Sensex at Pre-open
09:01 AM
Momentum picks by ICICI Securities
08:56 AM
NEWS ALERT | Maruti increases price of Baleno RS petrol & diesel variant with immediate effect, reports CNBC TV18
The new ex-showroom price of RS Baleno (petrol) is now Rs 8.88 lakh
08:54 AM
Earnings optimism lifts markets, FPI buys offset concerns over oil prices
The benchmark indices snapped their three-day losing streak, helped by better-than-expected earnings by corporates such as UltraTech cement. In addition, a new record high for the S&P500 — benchmark index for US equities — helped boost investor sentiment towards risky assets.
The Sensex climbed 1.3 per cent, or 490 points, to close at 39,055 on Wednesday, its steepest daily gain in more than six weeks. The Nifty closed at 11,726, up 150 points or 1.3 per cent — its biggest advance since January 31. Short-covering ahead of expiry of the April series derivatives. READ MORE.
08:52 AM
Market outlook by Prabhudas Lilladher
NIFTY VIEW
Market after a brief consolidation & Nifty holding on to a crucial support of 11,550, witnessed a good bounce & moved past the near term resistance of 11,650 to close above 11,700. We may witness further short covering & perhaps buying & participation once again coming from almost all sectors. IT as mentioned continues to be in green. The support for the day is seen at 38,760/11,660 while resistance 39,350/11,790. Bank Nifty would have a range of 29,560-30,180.
08:45 AM
Axis Bank Q4 preview: Analysts see up to 26% jump in PAT QoQ, NIM to improve
Axis Bank, India’s third largest private sector lender is set to announce its fourth quarter (January-March) results for 2018-19 on Thursday. Analysts are expecting a broad-based growth across all segments of the bank on the back of improved asset quality across the financial sector, coupled with improving liquidity and falling interest rates. Moreover, hopes are high from the new managing director and chief executive officer (MD&CEO) Amitabh Chaudhry, a seasoned investment banker, to turn the bank around. READ MORE
Axis Bank
08:37 AM
Maruti Suzuki Q4 preview: Brokerages expect slim revenue growth, profit dip
Maruti Suzuki will release its fourth quarter (January-March) results of the financial year 2018-19 (FY19) on Thursday. Brokerages expect the company to report slim revenue growth due to weak volume and average sale price (ASP) growth -- factors that have plagued the entire auto sector -- and a slip in net profit.
Automobile industry delivered a subdued volume performance in 4QFY19 with single-digit year-on-year (YoY) volume decline across segments led by spill-over effect of muted festive season, which resulted into higher inventory at the beginning of the quarter. Moreover, weak demand led to lower quarterly retail offtake. READ MORE
Maruti Suzuki
08:33 AM
Today's picks: From HDFC to Tata Motors, hot stocks to buy on Thursday
Nifty
Current 11,726 (fut: 11,823),
Target: NA
Stop-long positions at 11,725. Stop-short positions at 11,870. Big moves could go till 11,675, 11925. A long May 30, 11,600p (39), long 11,900c (55) can be offset with short May 02, 11,600p (23), short May 02, 11,900c (15). READ MORE
markets
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