Latest News Today – Sensex, Nifty Trade Flat; RIL, ITC Gain Almost 1% Post


The domestic stock markets are flat in early trading, after rebounding from intra-day lows, on the back of negative global cues. Asian shares struggled to rally on Monday and SGX Nifty had opened in the red. At 9:20 am, the BSE Sensex was trading at 53026.30,  higher by 48.77 points and the NSE Nifty was at 15,872, up 17.70 points.

Asian shares struggled to rally on Monday as super-strong US corporate earnings sucked funds out of emerging markets and into Wall Street, where records were falling almost daily. Japan’s Nikkei bounced 1.6 per cent in early trade, but that was off a seven-month low. South Korea has fared somewhat better thanks to demand for tech stocks, but was little changed on Monday.

Stocks rallied to records on Wall Street on Friday; the Dow Jones closed above the 35,000 level for the first time as the market continued to roar back from its short-lived swoon at the start of the week. The S&P 500 index climbed 1 per cent to top its prior all-time high, set early last week. The Dow rose 0.7 per cent and the Nasdaq composite gained 1 per cent.

Among stocks in the news, Reliance Industries on Friday reported net profit of Rs 12,273 crore in the quarter ended June 30, 2021, marking a decline of 7.25 per cent from the same quarter last year on the back of increase in total expenses. The oil-to-telecom conglomerate’s revenue from operations advanced 58 per cent to Rs 1.44 lakh crore compared with Rs 91,238 crore in the year-ago period.

ICICI Bank reported a 78 per cent rise in net profit to Rs 4,616 crore in the quarter ended June 30, 2021, compared to Rs 2,599 crore in the same quarter a year ago. The country’s leading private sector lender’s provisions – excluding provision for tax – declined sharply as it has changed its policy on non-performing loans in the quarter to make it more conservative.

On the earnings front, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Tata Motors, SBI Life Insurance Company and Vedanta will be among the major companies to declare their Q1 numbers during the day.

On the stock-specific front, ITC has gained more than 1 per cent to Rs 215 top the gainers list on the BSE post its Q1 results. Titan, Sun Pharma and Infosys are the other significant gainers in the Sensex pack.

On the othe hand, SBI, HDFC and Axis Bank have lost almost one per cent on the BSE. Reliance Industries and ICICI Bank have also lost around half a per cent post their Q1 numbers.

The BSE market breadth is strong. Out of 2,836 stocks traded on the BSE, there are 1,643 advancing stocks as against 1,067 declines.



Source link

Tagged : / / / / / / / / / / / / / /

Latest News Today – Sensex, Nifty Turn Flat In Noon Trading;


Wipro has edged lower by 0.1 per cent after reporting best-ever quarterly earnings

The benchmark indices have turned flat, with a negative bias, in noon trading after opening at fresh all-time highs due to selling pressure in information technology and banking shares. At 1:30 pm, the BSE Sensex was trading at 53,085.35, lower by 78.73 points or 0.14 per cent and the NSE Nifty was at 15,905.35, down 14.45 points or 0.11 per cent. The broader markets are however outperforming their largecap peers, with the BSE Midcap index and BSE Smallcap index gaining 0.25 per cent each.

On the stock-specific front, information technology stocks are witnessing profit-booking post their recent gains. HCL Tech, Tech Mahindra and Infosys have shed 1-3 per cent each on the BSE. ICICI Bank, IndusInd Bank and Bajaj Finserv are the other significant losers in the Sensex pack.

Among stocks in the news, Wipro edged lower by 0.1 per cent to Rs 574 after the country’s leading software services company reported its best-ever quarterly earnings in the first quarter of the current financial year. Wipro’s net profit rose 9 per cent sequentially to Rs 3,243 crore from Rs 2,972 crore in the previous quarter.

On the other hand, Bharti Airtel, Tata Steel, Reliance Industries and Ultratech have bucked the sluggish trend to register gains of a per cent each on the BSE.

The BSE market breadth is positive. Out of 3,277 stocks traded on the BSE, there are 1,707 advancing stocks as against 1,421 declines.



Source link

Tagged : / / / / / / / / / / /

Latest News Today – Sensex, Nifty Ends Flat Amid Choppiness


HCL Tech, Tech Mahindra, Infosys, ICICI Bank and Axis Bank shed around a per cent each

The benchmark indices ended marginally lower, after opening at fresh all-time highs, due to mild profit-booking at higher levels triggered by selling pressure in information technology and select financial shares. The BSE Sensex ended at 53,140.06, lower by 18.79 points or 0.04 per cent and the NSE Nifty closed at 15,923.40, down 0.80 points or 0.01 per cent. The broader markets however outperformed the largecap peers, with the BSE Midcap index and BSE Smallcap index gaining 0.5 per cent and 0.4 per cent respectively.

In the currency market, the rupee has inched higher by 3 paise to 74.51 against the dollar. At the interbank foreign exchange, the domestic unit opened at 74.53 against the dollar and then inched higher to 74.51.

Meanwhile, the Zomato IPO has been subscribed 33.45 times thus far. The IPO received bids for 7.19 times in the retail category, 46.25 times in the QIB segment and 26.45 times in the non-institutional category. The IPO closes at 5 pm today.

On the stock-specific front, information technology stocks witnessed profit-booking post recent gains with HCL Tech, Tech Mahindra and Infosys shedding 1-3 per cent each on the BSE. In the financial space, ICICI Bank, IndusInd Bank and Axis Bank shed around a per cent each on the BSE.

On the other hand, Bharti Airtel, Tata Steel, Reliance Industries and Ultratech bucked the sluggish trend to register gains of a per cent each on the BSE.

And Wipro rebounded from day’s lows to end higher by 0.32 per cent at Rs 577.75 after the country’s leading software services company reported its best-ever quarterly earnings in the first quarter of the current financial year. Wipro’s net profit rose 9 per cent sequentially to Rs 3,243 crore from Rs 2,972 crore in the previous quarter.

The BSE market breadth was positive. Out of 3,349 stocks traded on the BSE, there were 1786 advancing stocks as against 1413 declines.



Source link

Tagged : / / / / / / / / / /

Latest News Today – Sensex, Nifty Flat In Noon Trading; Tata Steel, HDFC Top


Bajaj Finserv, IndusInd Bank, Tata Steel and HDFC gained 1-2 per cent each on the BSE

The benchmark indices are subdued in afternoon trading as gains in heavyweights such as Tata Steel and HDFC have been negated by losses in Reliance Industries, M&M and Maruti Suzuki. As of 1:00 pm, the Sensex was at 52,883, up 16 points and the Nifty was at 15,814, down three points. The broader markets, including the BSE Mid- and small-cap indices, were also trading flat in line with their large-cap peers.

In the currency markets, the rupee depreciated 15 paise to 74.70 against the US dollar on Wednesday amid a weak risk appetite in the region. At the interbank foreign exchange, the rupee opened at 74.60 against the dollar and then fell to 74.70.

Foreign institutional investors were net sellers on Tuesday as they offloaded shares worth Rs 543.30 crore, exchange data shows. The equity benchmarks edged lower on Tuesday, with the Sensex ending lower by 19 points at 52,861 and Nifty index declining 16 points to settle at 15,818.

On the stock-specific front, select financial stocks were seeing buying interest. Bajaj Finserv, IndusInd Bank and HDFC gained 1-2 per cent each on the BSE. L&T, Bharti Airtel and Tata Steel were the other significant gainers among the BSE stocks.

On the other hand, Titan, M&M and Reliance Industries had losses of around a per cent each on the BSE.

And Tata Motors rebounded from intra-day lows and was trading flat. Tata Motors shares had crashed as much as 10 per cent before closing with losses of 8 per cent on Tuesday, after luxury carmaker Jaguar Land Rover Automotive issued a profit warning citing the impact of semiconductor chip shortage on vehicle production.

The BSE market breadth was mildly positive. Out of 3,232 stocks traded on the BSE, there were 1,662 advancing stocks as against 1,419 declines.



Source link

Tagged : / / / / / / / / / / / / / / /

Latest News Today – Sensex, Nifty Trade Flat On Subdued Cues from Other


The Indian equity benchmarks little changed on Tuesday owing to weak cues from other Asian markets. Asian markets were trading lower on concerns new coronavirus outbreaks in the region could undercut an economic recovery even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy. Meanwhile, the Sensex declined as much as 78 points and Nifty 50 index briefly fell below its important psychological level of 15,800.

As of 9:20 am, the Sensex advanced 15 points to 52,751 and Nifty was up 11 points at 15,826.

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.11 per cent lower, hovering near recent highs, though momentum has stalled as some countries re-impose lockdowns to contain the spread of the Delta virus variant.

Australian and Japanese shares took the brunt of early losses, with the ASX/200 index down 0.76 per cent and the Nikkei falling 0.91 per cent. The South Korean market was 0.39 per cent lower, and Chinese stocks were also down 1.06 per cent.

However, overnight, global equity markets reached new highs for the second straight session, boosted by US equities, while Treasury bond yields eased and the dollar was little changed as investors awaited jobs data that could sway Federal Reserve monetary policy.

Back home, foreign institutional investors continue to remain sellers in Indian equity markets as they sold shares worth Rs 1,659 crore on Monday while domestic institutional investors bought shares worth Rs 1,277 crore.



Source link

Tagged : / / / / / / / /

Latest News Today – Sensex, Nifty End Flat; IT Shares Gain, Banking Stocks


The Indian equity benchmarks ended Tuesday’s session on a flat note as investors booked profits in banking and financial services shares after a sharp rally in the previous session. However, gains in IT and auto shares provided support to the benchmarks. Earlier in the day, the Sensex surged as much as 483 points to hit record high of 53,057.11 and Nifty 50 index touched an intraday high of 15,895.75 as markets cheered record daily surge in COVID-19 vaccinations on Monday.

The Sensex ended 14 points higher at 52,588 and Nifty 50 index advanced 26 points to close at 15,773.

India administered a record 83 lakh vaccine doses on Monday under a campaign to inoculate all adults for free. Experts have said widespread vaccination remains one of the best tools to avoid the kind of devastation India saw during its second wave of the pandemic.

Six of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Auto index’s over 1 per cent gain. IT and Metal shares also witnessed buying interest.

On the other hand, Nifty Bank, Financial Services, FMCG, Private Bank and Realty indices closed lower.

Mid- and small-cap shares ended on a mixed note as Nifty Midcap 100 index rose 0.1 per cent and Nifty Smallcap 100 index rose 0.5 per cent.

Maruti Suzuki was top Nifty gainer, the stock rose 5.2 per cent to close at Rs 7,257 a day after it undertook car price hikes citing rising input costs.

UPL, Shree Cements, Wipro, SBI Life, Larsen & Toubro, Tata Consumer Products, Divis Labs, Adani Ports, UltraTech Cement, Tata Consultancy Services and Indian Oil were also among the gainers.

On the flipside, Asian Paints, Bajaj Finance, Nestle India, Hindustan Unilever, IndusInd Bank, Tech Mahindra, Kotak Mahindra Bank, Sun Pharma, Bharti Airtel and Reliance Industries were among the losers.

The overall market breadth was positive as 2,026 shares ended higher while 1,212 closed lower on the BSE.



Source link

Tagged : / / / / / / / / / / /

Latest News Today – Yellow Metal Trades Flat, Silver Shows Rise


Gold price today: Yellow metal traded flat as investors wait for US Federal Reserve meeting outcome

Gold prices showed a meagre jump on Wednesday, as on MCX, the yellow metal August futures traded at Rs 48,460 per 10 grams. On the other hand, silver showed a decent jump as its July futures were at Rs 71,475 per kg, showing a jump of Rs 227 over the previous session.

The flat trajectory of gold prices continued for the second day today as investors across the world awaited the result of the US Federal Reserve meeting.

Globally, spot gold was down at $1,861.96 per ounce, after falling to its lowest since May 17 at $1,843.99 on Monday. US gold futures meanwhile eased to $1,863.10.



Source link

Tagged : / / / / / / / / / / / / / / / / / /

Latest News Today – Sensex, Nifty End Flat As Auto, Metal Stocks


The Indian equity benchmarks ended on a flat note on Friday as gains in index heavyweight Reliance Industries, Asian Paints, ITC, Larsen & Toubro and Hindustan Unilever were offset with losses in HDFC Bank, Tata Consultancy Services, Infosys, State Bank of India and HDFC. For most part of the day, the benchmarks traded in a narrow range wherein the Sensex moved in a range of 425 points and Nifty 50 index touched an intraday high of 14,749.65 and low of 14,591.90.

The Sensex ended 42 points or 0.09 per cent higher at 48,733 and Nifty 50 index declined 19 points to close at 14,678.

“Indian indices have shown sturdiness despite the increasing cases however sustainability at higher levels seems difficult if the situation aggravates. In addition, this fear of inflation flourishing in developed markets may continue to trickle down to India and keep our bourses under pressure. Stock specific volatility due to quarterly earnings cannot be ruled out. And going ahead, investors are advised to keep the company’s future guidance in mind before investing in stocks. Nifty50 closed the week at 14,677.8, down by 0.98 per cent,” Nirali Shah, head of equity resear at Samco Securities tld NDTV.

All the 11 sector gauges compiled by the National Stock Exchange, barring the index of FMCG shares ended lower led by the Nifty Metal index’s nearly 4 per cent fall. Metal stock succumbed to profit-booking after staging a strong upmove. Nifty Auto, Media, Pharma, PSU Bank, and Bank indices also fell between 1-2 per cent.

Mid- and small-cap shares also faced selling pressure as Nifty Midcap 100 index dropped 1.7 per cent and Nifty Smallcap 100 index declined 1.5 per cent.

Among the individual shares, Apollo Tyres fell as much as 7.37 per cent to hit an intraday low of Rs 204.70 despite it reported a jump of 268 per cent in net profit in quarter ended March 2021. Apollo Tyres consolidated net profit came in at Rs 289 crore compared with Rs 78 crore in the corresponding period last year. Its sales jumped 39 per cent to Rs 4,927 crore compared with Rs 3,551 crore in the same quarter last year.

Asian Paints was top Nifty gainer, the stock rose 8.44 per cent to close at Rs 2,772 after it reported jump of 81 per cent in standalone net profit for quarter ended March 2021. Asian Paints net profit came in at Rs 820 crore compared with Rs 452 crore during the same quarter last year. Its revenue from operations advanced 46 per cent to Rs 5,671 crore as against 3,879 crore in the corresponding period a year ago.

UPL, ITC, Nestle India, Larsen & Toubro, Hindustan Unilever, Britannia Industries, Power Grid, Reliance Industries, Tata Consumer Products, Cipla and SBI Life rose between 0.6-7 per cent.

On the flipside, Coal India, Tata Steel, Tata Motors, Hindalco, IndusInd Bank, Grasim Industries, Mahindra & Mahindra, Adani Ports, State Bank of India, NTPC, Wipro and Dr Reddy’s Labs were among the losers.

The overall market breadth was negative as 1,688 shares ended lower while 1,401 closed higher on the BSE.



Source link

Tagged : / / / / / / / / / /

Latest News Today – Paring Initial Losses, Rupee Settles Flat To 73.34


Rupee Vs Dollar Today: The rupee settled at 73.34 against the dollar

Paring its early losses, the rupee closed almost flat, up by one paise against the US dollar on Tuesday, May 11, to 73.34 amid a subdued trend in domestic equity markets. At the interbank foreign exchange market, the domestic unit opened lower at 73.47 against the dollar and further declines to the day’s low of 73.53. The local unit later cut losses and closed at 73.34, witnessing a rise of one paisa over its previous close of 73.35 against the American currency. In an early trade session, the rupee fell 18 paise to 73.93 against the dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, declined 0.07 per cent to 90.14. According to forex traders, concerns over the rising COVID-19 cases weighed on investor sentiment.

”USDINR  has appreciated to 73.50  as the virus is causing some strain bringing equities down as also the rupee. However, flows in the pair should continue and every uptick should bring about some good selling. RBI was the only buyer of the pair yesterday and did not allow an appreciation beyond 73.30 of the rupee. Importers to buy around 73.30 and exporters to sell around 73.60 for near term,” said Mr. Anil Kumar Bhansali, Head of Treasury, Finrex.

On the domestic equity market front, the BSE Sensex closed 340.60 points or 0.69 per cent lower at 49,161.81, while the broader NSE Nifty slipped 91.60 points or 0.61 per cent to 14,850.75.

”On Tuesday, due to extremely weak global market conditions, the Benchmark index Nifty / Sensex witnessed selling pressure, the Nifty/ Sensex shed over 90/ 340 points. Today, the index opened with a gap down but post weak opening the index recovered sharply and through the day it was trading between 14800 -14900/48990-49300  price ranges,” said Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities.

According to provisional data, the foreign institutional investors (FIIs) remained net buyers in the capital markets, as they purchased shares worth Rs 583.69 crore on May 10. Brent crude futures, the global oil benchmark, fell 0.66 per cent to $ 67.87 per barrel. 



Source link

Tagged : / / / / / / / / / / / / /

Latest News Today – Sensex, Nifty End Flat; Metal, FMCG Shares Gain, Banks


The Indian equity benchmarks came off intraday low levels to close on a flat note as gains in metal, FMCG and auto shares were offset with losses in banking and financial services shares. The Sensex fell as much as 754 points and Nifty 50 index touched an intraday low of 14,416. Growing calls, including from an industry body, to impose curbs at the national level to rein in the COVID-19 spread dampened investor sentiment, analysts said.

The Sensex ended 64 points lower at 48,719 and Nifty 50 index advanced 3 points to close at 14,634.

A leading industry body on Sunday urged authorities to take the “strongest national steps” and to curtail economic activity to save lives, as the coronavirus continued to sweep the nation and overwhelm its healthcare systems.

Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by Nifty Private Bank index’s over 1 per cent fall. Nifty Bank, PSU Bank, Realty and Media sector gauges also ended lower.

On the other hand, metal index climbed over 2 per cent. FMCG, auto and pharma stocks witnessed buying interest.

Mid- and small-cap shares outperformed their larger peers as Nifty Midcap 100 index rose 0.3 per cent while Nifty Smallcap 100 index climbed 1 per cent.

SBI Life was top gainer in the Nifty 50 basket of shares, the stock rose 5 per cent to close at Rs 979 after its New Business Premium came in at Rs 20,620 crore registering growth of 24 per cent with private market share of 21.9 per cent. Bharti Airtel, Adani Ports, Tata Steel, Maruti Suzuki, Asian Paints, Hindustan Unilever, NTPC, UPL and Hindalco also rose between 1.5-4.5 per cent.

On the flipside, Reliance Industries fell 2 per cent to close at Rs 1,956 after its profit in March quarter missed analyst estimates.

Titan, IndusInd Bank, Bharat Petroleum, Wipro, Kotak Mahindra Bank, Hero MotoCorp, Eicher Motors, ITC and Coal India were among the losers.

The overall market breadth was positive as 1,823 shares ended higher while 1,218 closed lower on the BSE.



Source link

Tagged : / / / / / / / / / / /