Sensex, Nifty50 pare most gains, end at record high
1 New Update
03:54:31 PM IST, 11 July 2017
CLOSING BELL: SENSEX, NIFTY50 PARE MOST GAINS
Benchmark indices managed to close at all-time high. Bajaj Auto (up 2.44 per cent), Tata Motors (up2.42 per cent) and infosys (up 1.87 per cent) contributed to gains while Bharti Airtel fell 2.59 per cent on the BSE.
03:15:33 PM IST, 11 July 2017
STOCKS THAT PLUNGED UP TO 20% TODAY
Shares of Religare (down 20 per cent), KSK Energy Ventures (down 6.09 per cent), Lanco Infratech (down 5.00 per cent), Unitech (down 4.94 per cent), Rain Industries (down 4.55 per cent) and JMT Auto (down 4 per cent) plunged over 4 per cent despite an upbeat market, propelled by auto and IT stocks. After a strong start in the early trade, benchmark indices pared most gains.
02:57:51 PM IST, 11 July 2017
STOCKS THAT ROSE OVER 10%
Shares of GTL Infra (up 19 per cent), Housing & Urban Development Corporation (up 12.66 per cent), Alicon Castalloy (up 11.65 per cent) and Uttam Value Steel (up 10 per cent) surged over 10 per cent on NSE in Tuesday's trade. Benchmark indices Nifty50 and Sensex remained firm after hitting all time high at 9,830.05 and 31,885.11 respectively.
02:13:42 PM IST, 11 July 2017
HPCL TURNS EX-BONUS, EX-DIVIDEND TODAY; SHARES DOWN
Shares of oil marketing company Hindustan Petroleum Corporation (HPCL) slipped as much as 1.50 per cent after the stock turned ex-dividend and ex-bonus on Tuesday. The scrip was trading 1.38 per cent down at Rs 337.
01:57:41 PM IST, 11 July 2017
MINERS, BANKS LIFT EUROPEAN SHARES
European shares made modest gains for a second session on Tuesday as strength among miners and banks lent a helping hand. The pan-European STOXX 600 edged up 0.3 percent, in line with euro zone stocks and blue-chips, in muted trading punctuated by early earnings updates and more corporate dealmaking activity.
01:38:11 PM IST, 11 July 2017
TATA MOTORS CONTINUES GAINING ON JLR SALES JUMP
Tata Motors continued its gaining streak for the second consecutive session after the company said on July 8, 2017 that the sales of its British luxury unit Jaguar Land Rover (JLR) rose 11 per cent to 51,591 units in June 2017 over June 2016, driven by healthy China market
01:10:05 PM IST, 11 July 2017
INDUSIND BANK Q1 NET PROFIT JUMPS 27% TO RS 836.5 CRORE
IndusInd Bank on Tuesday reported nearly 27 per cent rise in YoY net profit at Rs 836.5 crore for the June quarter, which was in line with Rs 835 crore projected by analysts in an ET Now poll.
12:56:59 PM IST, 11 July 2017
INFOSYS, RELIANCE INDUSTRIES MOST ACTIVE IN TERMS OF VALUE
Shares of Infosys (Rs 344.33 crore), Tata Motors (Rs 312.45 crore), Reliance Industries (Rs 295.22 crore), TCS (Rs 291.25 crore), Mahindra & Mahindra (Rs 177.75 crore), SBI (Rs 175.96 crore), YES Bank (Rs 167.44 crore), Ashok Leyland (Rs 156.44 crore), Vedanta (Rs 148.29 crore) and Maruti Suzuki (Rs 147.17 crore) figured among the most active stocks in terms of value on NSE.
12:38:34 PM IST, 11 July 2017
MACD SHOWS 100 STOCKS ARE IN MODE TO RALLY
Even as the BSE Sensex soared over 355 points to settle at a new closing high of 31,715 on Monday, momentum indicator Moving Average Convergence Divergence, or MACD, showed some 100 stocks witnessed an upward crossover or bullish crossover, signalling that they have begun an upward journey.
12:21:10 PM IST, 11 July 2017
SINO-INDIA BORDER HEAT FAILS TO MELT D-STREET
While 3,000 troops each from India and China stand eyeball-to-eyeball on the border, and war of words has escalated between the two neighbouring countries, Dalal Street has remained somewhat indifferent to a potential geopolitical risk.
11:54:30 AM IST, 11 July 2017
NIFTY LEAPS 3% IN 8 DAYS BUT THESE STOCKS RALLY UP TO 40%
The bulls appear to have taken charge on Dalal Street, lifting the benchmark Nifty past the psychologically important 9,800 mark for the first time in early trade on Tuesday. The index rallied 300 points, or 3 per cent, from 9,504 on June 29 to 9,800 in just eight sessions.
11:33:59 AM IST, 11 July 2017
TOP GAINERS IN TRADE TODAY
Shares of Tata Motors (up 2.67 per cent), Infosys (up 2.66 per cent), NTPC (up 1.84 per cent), Mahindra & Mahindra (up 1.80 per cent), TCS (up 1.63 per cent), Tech Mahindra (up 1.52 per cent) and Indiabulls Housing Finance (up 1.45 per cent) emerged as top gainers on Nifty50 index in Tuesday's trade.
11:05:29 AM IST, 11 July 2017
TCS TO REPORT Q1 EARNINGS THIS WEEK; HERE’S WHAT D-STREET EXPECTS
TCS will report its first quarter numbers on Thursday, while the second largest IT major Infosys is scheduled to report its first quarter results on Friday. Analysts noted that a weakness US dollar against major currencies could gibe over 50 basis points tailwinds to IT firms’ earnings, which may offset wage hikes and rise in visa cost during the quarter.
11:04:32 AM IST, 11 July 2017
MUTUAL FUNDS SEE RS 16,600-CR OUTFLOW IN JUNE
Investors pulled out nearly Rs 16,600 crore from various mutual fund schemes in June, making it the second consecutive monthly outflow.
10:24:31 AM IST, 11 July 2017
BUY, SELL, HOLD IDEAS BY EXPERTS
10:20:58 AM IST, 11 July 2017
BAJAJ ELECTRICALS CLIMBS 5% AFTER FIRM ACQUIRES SLL SHARES
Shares of Bajaj Electricals advanced over 4 per cent in Tuesday’s trade after the company said it has exercised its right to acquire shares of Starlite Lighting (SLL). Following the development, the stock rose 4.57 per cent to hit a high of Rs 338.60 on BSE. The stock hit a 52-week high of Rs 387.85 in April.
10:00:08 AM IST, 11 July 2017
OVER 35 STOCKS HIT FRESH 52-WEEK HIGH
Shares of Sanwaria Agro, Central Depository Services (India), Aditya Birla Money, Magnum Ventures, First Winner, Pearl Polymers and Goa Carbons were among 36 stocks that hit their fresh 52-week high on NSE in Tuesday's early trade after benchmark Sensex and Nifty started the day on a solid note and hit fresh record high.
09:51:52 AM IST, 11 July 2017
NIFTY50 HITS 9,800 FOR THE FIRST TIME EVER
09:35:49 AM IST, 11 July 2017
RUPEE OPENS 8 PAISE HIGHER AGAINST US DOLLAR AT 64.45
The rupee opened 8 paise higher at 64.45 against dollar on sustained selling of dollars by exporters amid a record rally in domestic equities. According to Angel Broking, USDINR spot is likely to appreciate in Tuesday’s trade. The local currency on Monday settled 7 paise up at 64.53 against the US currency.
09:21:47 AM IST, 11 July 2017
OPENING BELL: SENSEX, NIFTY AT RECORD HIGH
Benchmark indices kicked off the session on Tuesday making fresh all time highs, even as most Asian markets remained largely mixed. The gains were led by index heavyweights Tata Motors, Reliance Industries, SBI and ICICI Bank. The BSE Sensex hit a record high of 31,802.03 in opening trade and, at 9.30 am, it was trading 62.91 points, or 0.20 per cent, higher at 31,778.55. The Nifty 50 could not kiss the 9800 mark, but made a all-time high of 9799.35 in early trade. The index was later trading 23 points, or 0.24 per cent higher at 9,794.50.
09:19:38 AM IST, 11 July 2017
PRE-OPEN SESSION: SENSEX RALLIES 400 POINTS, NIFTY ABOVE 9,800 LEVEL
Sensex rallied over 400 points, but retreated. Nifty50 climbed above 9,800 level. Rupee traded at 64.46 against the US dollar.
08:25:03 AM IST, 11 July 2017
DOLLAR CLIMBS AGAINST PEER CURRENCIES
The dollar's advance against its major peers slowed early on Tuesday as a rise in sovereign bond yields paused, with investors awaiting comments from Federal Reserve Chair Janet Yellen for fresh cues on policy direction. The dollar was 0.1 per cent higher at 114.160 yen following a rise to a two-month high of 114.300 overnight.
09:47:21 AM IST, 11 July 2017
ASIAN SHARES EDGE HIGHER
Asian shares and the dollar cautiously edged higher on Tuesday, as investors awaited testimony from Federal Reserve Chair Janet Yellen for clues on when the central bank would tighten US monetary policy. MSCI's broadest index of Asia-Pacific shares outside Japan edged a few points higher in early trading, with sentiment underpinned by technology-led gains on Wall Street.
08:23:20 AM IST, 11 July 2017
CRUDE OIL RISES
Oil prices edged up early on Tuesday, lifted in part by a strong demand outlook for the coming weeks, but overall market conditions remain weak on the back of ample supplies and a more subdued outlook for long-term demand. Brent crude futures were at $47.13 per barrel, up 25 cents, or 0.5 per cent, from their last close. US WTI crude futures were at $44.64 per barrel, up 24 cents, or 0.5 per cent.
08:23:08 AM IST, 11 July 2017
RUPEE STRONGER ON MONDAY
The Indian rupee on Monday strengthened marginally against the US dollar tracking gains in the local equity and Asian currencies markets. The domestic currency closed at 64.53 a dollar, up 0.09% from its Friday’s close of 64.60. It opened at 64.56 a dollar and touched a high and a low of 64.48 and 64.58 respectively.
08:22:52 AM IST, 11 July 2017
US MARKETS WEAKEN
In overnight trade, the Dow Jones Industrial Average index fell 5.82 points, or 0.03 per cent, to settle at 21,408. The S&P500 index rose 2.25 points, or 0.09 per cent, to 2,427. The Nasdaq Composite index gained 23.31 points, or 0.38 per cent, to 6,176.
08:20:04 AM IST, 11 July 2017
SIGNAL FROM SINGAPORE
At 6.20 am, Nifty50 futures on the Singapore Stock Exchange were trading 8.50 points higher at 9,718, indicating a flat to positive opening for the domestic market.
08:19:44 AM IST, 11 July 2017
SENSEX ON MONDAY
It wasn't a usual Monday morning for domestic markets as technical glitch halted trade for over 3 hours on the National Stock exchange. Despite worries and woes, the Nifty50 claimed its much-awaited record high level at 9,772, up 105 points, while BSE Sensex rallied 355 points to scale a lifetime high of 31,768.
08:19:31 AM IST, 11 July 2017
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