Sensex hits record peak at 32,037; Nifty flirts with 9,900; Nalco rallies 9%
1 New Update
03:50:34 PM IST, 13 July 2017
CLOSING BELL: SENSEX HITS RECORD PEAK AT 32,037
Heightened hopes of a policy rate cut by the Reserve Bank of India (RBI) in its upcoming monetary policy in August took benchmark index BSE Sensex above 32,000 for the first time ever. NSE Nifty also hit a fresh record high of 9,897.25 during the trade on Thursday.
03:13:39 PM IST, 13 July 2017
<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">Being in a bull market is being at a marriage party. To be well fed you have to be with the groom (leader) - not the friends & neighbours.</p>— Basant Maheshwari (@BMTheEquityDesk) <a href="https://twitter.com/BMTheEquityDesk/status/885418113507893248">July 13, 2017</a></blockquote>
03:07:11 PM IST, 13 July 2017
MARUTI SUZUKI HITS 52-WEEK HIGH
02:21:33 PM IST, 13 July 2017
NEWLY LISTED STOCKS SURGE UP TO 10% TODAY: WHAT'S DRIVING THEM?
Shares of BSE arm CDSL hit an upper circuit of 10 per cent in Thursday’s trade. Hudco shares were up over 10 per cent. A similar jump was observed on AU Small Finance Bank counter. A steep rally in the debutants on stock exchanges has surprised many, with analysts advising investors to exercise caution ahead.
02:09:16 PM IST, 13 July 2017
THESE STOCKS SURGED OVER 15%
Shares of Spice Mobility (up 19.72 per cent), Bharat Rasayan (up 19.61 per cent), RattanIndia Infra (up 19.54 per cent), Oriental Carbon (up 16.79 per cent) and Excel Crop Care (up 15.13 per cent) surged over 15 per cent in Thursday's trade on NSE.
01:59:22 PM IST, 13 July 2017
EUROPEAN STOCKS RISE AS YELLEN OPTIMISM SPILLS INTO 2ND DAY
European stocks extended a rally driven by bets that the Federal Reserve won’t rush to tighten monetary policy. The Stoxx Europe 600 Index added 0.4 percent at 9:21 a.m. in London, with miners leading gains after better-than-forecast Chinese trade data. The benchmark on Wednesday jumped the most since April.
01:49:00 PM IST, 13 July 2017
CDSL HITS UPPER CIRCUIT
01:33:28 PM IST, 13 July 2017
BONDS GAIN WITH STOCKS ON LOW INFLATION PRINT
While Indian shares surged to a record high on Thursday, with the benchmark BSE index rising above 32,000 for the first time, a sharp drop in consumer inflation rate to its lowest in five years also helped Indian bonds post smart gains.
01:13:49 PM IST, 13 July 2017
MARKET BULLISH; ITC, AXIS BANK AMONG TOP GAINERS
Shares of ITC (up 2.90 per cent) emerged as the top gainer followed by YES Bank (up 1.85 per cent), Indiabulls Housing Finance (up 1.82 per cent), ICICI Bank (up 1.61 per cent), Axis Bank (up 1.36 per cent), Larsen & Toubro (up 1.30 per cent) and HDFC (up 1.25 per cent) on NSE in Thursday's trade.
12:49:15 PM IST, 13 July 2017
REALTY STOCKS RISE ON HOPES OF RATE CUT
Shares of Phoenix Mills (up 16.39 per cent), Delta Corp (up 1.25 per cent), Indiabulls Real Estate (up 0.82 per cent), Godrej Properties (up 0.57 per cent) and DLF (up 0.45 per cent) were steering the Nifty Realty index towards higher trajectory in Thursday's trade.
12:25:11 PM IST, 13 July 2017
OVER 70 STOCKS HIT FRESH 52-WEEK HIGH TODAY
Over 70 stocks, including RattanIndia Infra, Phoenix Mills, Excel Crop Care, Shivam Autotech, KEC Int. Ltd, Mangalam Cement, Mazda Ltd, Spice Mobility, Aditya Birla Money, Housing & Urban Development Corporation and Magnum Ventures hit their fresh 52-week high on NSE in Thursday's trade after the market registered a strong opening backed by positive global cues.
12:11:59 PM IST, 13 July 2017
AUTO STOCKS GAIN; HERO, MARUTI AMONG TOP GAINERS
Shares of Hero MotoCorp (up 0.90 per cent), Maruti Suzuki India (up 0.72 per cent), TVS Motor Company (up 0.72 per cent) and Motherson Sumi Systems (up 0.70 per cent) were trading in green as the Nifty Auto index was trading at 10,920, up 16 points in Thursday's trade.
11:54:21 AM IST, 13 July 2017
SINTEX INDUSTRIES SURGES 14% ON BULK DEALS
Shares of Sintex Industries surged nearly 14 per cent in Thursday's trade after Morgan Stanley bought nearly 36 lakh shares in the company in a bulk deal on Wednesday.
11:17:33 AM IST, 13 July 2017
TCS Q1 EARNINGS TODAY: 5 THINGS TO WATCH OUT FOR
IT major TCS is going to announce its financial results for the quarter ended June 30, 2017 on Thursday post market hours. Usually, the first quarter of fiscal is expected to be a weak one for the IT industry given the wage revisions that may contribute to 70-120 basis points sequential contraction in margins for TCS. However, a rise in visa costs and appreciating rupee are also seen denting the IT firm’s Q1 numbers.
10:46:53 AM IST, 13 July 2017
TCS, INFOSYS AMONG TOP GAINERS IN IT INDEX
Shares of two prominent domestic IT players- Tata Consultancy Services (up 0.45 per cent) and Infosys (up 0.72 per cent), were hogging the limelight in Nifty IT index as both stocks emerged as buyers' favourite in Thursday's trading session. TCS is expected to report 2.5 per cent to 3.5 per cent sequential growth in dollar revenue for the June quarter, with up to 200 basis points contraction in margins on Thursday.
10:31:31 AM IST, 13 July 2017
IDEA CLIMBS 3% AS SEBI EXAMINES OPEN OFFER IN VODAFONE MERGER
Shares of Idea Cellular climbed nearly 3 per cent in Thursday's trade on reports that market watchdog Sebi is examining whether the proposed merger between Vodafone India and the Kumar Mangalam Birla-owned Idea Cellular will trigger an open offer under the takeover rules. Following the development, the stock rose 2.92 per cent to hit a high of Rs 88 on BSE.
10:11:28 AM IST, 13 July 2017
HPCL, ICICI BANK AMONG MOST ACTIVE STOCKS IN TERMS OF VOLUME
Shares of HPCL (number of shares traded: 0.31 crore), ICICI Bank (0.22 crore), ITC (0.16 crore), Idea Cellular (0.14 crore) and PowerGrid (0.12 crore) emerged as the most active stocks in terms of volume in Thursday's early trade.
09:46:36 AM IST, 13 July 2017
MARKET ON A HIGH! WHAT'S FUELLING THIS RALLY?
Asian as well as US markets reacted positively to Fed Chair Janet Yellen’s testimony wherein she indicated that Fed would need to keep raising its benchmark interest rate gradually over next few years, but that rates won’t need to rise to levels seen in the previous cycles.
09:27:30 AM IST, 13 July 2017
OPENING BELL: MARKET AT RECORD HIGH
Benchmark indices on Thursday scaled record high levels as soon as opening bell rang, thanks to dovish comments by US Fed Chair Janet Yellen in her testimony before US congress overnight that hinted at slower-than expected hikes in US interest rate going ahead.
09:03:52 AM IST, 13 July 2017
PRE-OPEN SESSION: SENSEX, NIFTY RALLY; TCS FLAT
Sensex climbs over 150 points, Nifty50 above 9,850; TCS flat ahead of Q1 nos; rupee trades at 66.40 against US dollar.
08:40:41 AM IST, 13 July 2017
CRUDE OIL SLIPS
Oil prices dipped early on Thursday as producer club OPEC said it expected demand for its crude to decline next year as rivals pump more, pointing to a market surplus in 2018 despite efforts to tighten the market. Brent crude futures were at $47.64 per barrel, down 10 cents, or 0.2 percent, from their last close. West Texas Intermediate (WTI) crude futures were at $45.37 per barrel, down 12 cents, or 0.3 percent.
08:40:22 AM IST, 13 July 2017
RUPEE STRONGER ON WEDNESDAY
The rupee on Wednesday recovered by five paise to close at 64.54 against the US currency on fresh dollar selling by banks and exporters. A bearish greenback tone overseas largely aided the rupee recovery. The rupee had fallen six paise on Tuesday.
08:39:59 AM IST, 13 July 2017
NIFTY TECH CHARTS
The Nifty50 formed a small bullish pattern on the daily chart in Wednesday’s session. Analysts said the index needs to take out the 9,830-50 range for any consistent rally, while a fall below the 9,770-50 range could trigger selling in the short term.
08:39:49 AM IST, 13 July 2017
US MARKETS GAINED
In overnight trade, the Dow Jones Industrial Average index jumped 123.07 points, or 0.57 per cent, to close at a record high of 21,532.14, The S&P500 index climbed 17.72 points, or 0.73 percent, to settle at 2,443.25. The Nasdaq Composite index gained 67.87 points, or 1.10 per cent, to 6,261.17.
08:39:36 AM IST, 13 July 2017
ASIAN MARKETS BOUYANT
Asian shares scaled a two-year top on Thursday as investors wagered policy tightening in the United States would be glacial at best, lifting Wall Street to record peaks and lowering bond yields almost everywhere, reports Reuters. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.45 percent to its highest since mid-2015. Japan's Nikkei firmed 0.4 per cent and Australia's main index jumped 1 per cent.
08:39:23 AM IST, 13 July 2017
SIGNAL FROM SINGAPORE
At 6.30 am, Nifty50 futures on the Singapore Stock Exchange were trading 46 points higher at 9,882, indicating a gapup opening for the domestic market.
08:39:10 AM IST, 13 July 2017
SENSEX ON WEDNESDAY
Scaling record highs has become a new normal for the Sensex and Nifty, which hit new record highs for the third consecutive session on Wednesday. The Sensex ended the day 57 points higher at 31,804 with Hindustan Uniliver (up 2.04 per cent), ONGC (up 1.59 per cent), SBI (up 1.34 per cent) aiding the gains. The Nifty50 gained 30 points to end the day at 9,816. Shares of ACC, Infratel, Ambuja Cement surged up to 3 per cent.
08:38:45 AM IST, 13 July 2017
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