Sensex turns volatile; TCS, Infy slip 2% on visa woes

NEW DELHI: The S&P BSE Sensex is trading in a narrow range today following a sharp fall in the preceding session.

The 50-share Nifty index slipped below its crucial psychological support level of 7950.

During its 41st annual general meeting (AGM), Mukesh Ambani said that Reliance Jio will commence its commercal operations from December 2015. Stock of Reliance Industries traded 0.65 per cent higher after gaining as much as 1.2 per cent in trade today.

Markets @ 3:00

Sensex: 26,430, up 59 points; Nifty: 7,983, up 18 points

Top Gainers

BAJAJ AUTO (3.6%), TATA POWER (3.3%), ICICI BANK (2.4%), HDFC (2.1%), CIPLA (1.5%)

Top Losers

TCS (-2.9%), WIPRO (-2.6%), TATA MOTORS (-2.3%), HINDALCO (-1.9%), VEDANTA LTD (-1.8%)

BUZZING STOCKS:

PVR gained over 4 per cent in intraday trade as board of directors approved issue of 5 million shares for Rs 350 crore.

Infosys fell 2 per cent in intraday trade.

TCS cracked more than 2 per cent on reports of US probe on H1-B visa violations.

RILpared some losses after hitting intraday high of 1.2 per cent.

Essar Oil up 15.5 per cent.

Novartis plunged 14 per cent in intraday trade over de-listing buzz. Read here

ABG Shipyard gained over 10 per cent in intraday trade on stake sales report. Read here

Orchid Chemicals surged over 6 per cent in intraday trade after getting USFDA approval for Alzheimer's drug .

WHAT TOP EXPERTS SAY:

China govt has capital markets at core of its reforms unlike India: Bank Julius Baer

JPMorgan raises target on L&T to Rs 1,835 from Rs 1,715, maintains 'Neutral'

30% stock fall from 2015 peak has improved risk-reward ratio: HSBC on Suzlon

CS raises target of ApolloHospitals to Rs 1,100 from Rs 1,020, maintains 'Neutral'

Nifty likely to test 7,830 in 2-3 trading sessions: Mitesh Thacker, Technical Analyst, miteshthacker.com. Read here

Markets pricing in sub-par monsoon; positives yet to pencil in: Prakash Diwan, Director,Altamount Cap Management. Read here

Exercise caution on Page Industries: Deepak Shenoy, Founder, Capital Mind Read here

Don't expect oil prices to rise above $100/bbl anytime soon; BPCL, IOC may see rerating: Prakash Diwan, Director - Altamount Capital Management. Read here

Right time to enter into IT stocks: Prakash Diwan, Director - Altamount Capital Management. Read here

M&A candidate Karnataka Bank looks undervalued: Prakash Diwan, Director - Altamount Capital Management. Read here

MARKETS THROUGH THE DAY

Markets @ 2:00

Sensex: 26,353, up 17 points; Nifty: 7,955, up 10 points

Top Gainers

BAJAJ AUTO (3.3%), TATA POWER (3.1%), HDFC (2.0%), ICICI BANK (1.6%), RELIANCE IND. (1.5%)

Top Losers

WIPRO (-2.8%), VEDANTA LTD (-2.5%), TATA MOTORS (-2.2%), HINDALCO (-1.9%), TCS (-1.9%)

Markets @ 1:10

Sensex: 26,391, up 20 points; Nifty: 7,968, up 2 points

Top Gainers

BAJAJ AUTO (3.6%), TATA POWER (3.1%), HDFC (2.3%), CIPLA (1.7%), RELIANCE IND. (1.5%)

Top Losers

TATA MOTORS (-2.6%), VEDANTA LTD (-2.1%), HINDALCO (-2.0%), WIPRO (-1.9%), TCS (-1.4%)
Markets @ 12:00

Sensex: 26,476, up 106 points; Nifty: 7,991, down 26 points

Top Gainers

BAJAJ AUTO (2.6%), TATA POWER (2.4%), HDFC (1.6%), CIPLA (1.2%), BHEL (1.0%)

Top Losers

HINDALCO (-2.3%), TATA MOTORS (-2.1%), VEDANTA LTD (-2.0%), L&T (-1.0%), COAL INDIA (-0.8%)

Markets @ 11:00

Sensex: 26,396, up 25 points; Nifty: 7,967, down 2 points

Top Gainers

TATA POWER (1.9%), BAJAJ AUTO (1.5%), RELIANCE IND. (1.1%), BHEL (1.0%), HDFC (1.0%)

Top Losers

VEDANTA LTD (-2.1%), HINDALCO (-1.8%), TATA MOTORS (-1.1%), COAL INDIA (-0.9%), SUN PHARMA (-0.8%)

Markets @ 10:00

Sensex: 26,411, up 40 points; Nifty: 7,971, down 7 points

Top Gainers

RELIANCE IND. (1.2%), BHEL (0.8%), TATA POWER (0.6%), INFOSYS LTD (0.6%), TCS (0.6%)

Top Losers

VEDANTA LTD (-2.2%), TATA MOTORS (-1.8%), COAL INDIA (-1.2%), HINDALCO (-1.1%), SUN PHARMA (-0.9%)