Sensex, Nifty fail to live up to euphoria, end flat; Idea rallies 6%
Will the optimism prevailing in the market lift the Nifty50 past the 10,000 mark today? Or will investors develop cold feet on mixed cues from global markets and the Fed meeting that begins later in the day? Watch this space as we bring you LIVE updates of the proceedings from Dalal Street.
1 New Update
03:56:20 PM IST, 25 July 2017
CLOSING BELL: SENSEX, NIFTY FAIL TO LIVE UP TO EUPHORIA
Market ends flat. Sensex closed 17 points down at 32,228.27, while Nifty was 2 points down at 9,964.55 at day’s end. Idea rallies 6%, Apollo Tyres 5%; Lupin slips 2%.
03:22:19 PM IST, 25 July 2017
NIFTY50 FAILING TO HOLD ABOVE 10K: 5 FACTORS SPOILING THE PARTY
The Nifty50 hitting the magic number of 10,000 surely speaks volumes for buoyant market sentiment, but it does not guarantee that your investments would remain in-the-money going forward. But at such dizzying heights without the necessary props, the Nifty50 is at risk of falling like nine pins at the drop of a hat. And what could possibly play party pooper on Dalal Street.
03:00:44 PM IST, 25 July 2017
ASIAN PAINTS Q1 NET PROFIT SLIPS 20% YOY TO RS 441 CR
Paint manufacturer Asian Paints on Tuesday reported 20.23 per cent Year-on-Year fall in consolidated net profit at Rs 440.74 crore for the quarter ended June 30, 2017 against Rs 552.56 crore in the corresponding quarter last year.
02:38:02 PM IST, 25 July 2017
STOCKS THAT SURGED UP TO 20% TODAY
Shares of Parsvnath Developers (19.80 per cent), Gujarat NRE Coke (19.05 per cent), Esab India (13.96 per cent) and Aurionpro Solutions (12.43 per cent) zoomed up to 20 per cent in Tuesday's trade on NSE, despite the bourses turned cautious in the afternoon session.
01:14:03 PM IST, 25 July 2017
IRDAI ASKS LIC TO CUT STAKE IN ITC WITHIN 2 YEARS
Insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) has asked Life Insurance Corporation (LIC) to reduce its shareholdings to 15 per cent in the listed companies over the next two years, according to reports.
12:44:43 PM IST, 25 July 2017
NIFTY AUTO INDEX SLIPS; EICHER MOTORS, MARUTI TOP LOSERS
Shares of Eicher Motors (down 1.53 per cent), Tata Motors (down 1.52 per cent), Motherson Sumi Systems (down 0.48 per cent), Maruti Suzuki India (down 0.42 per cent), TVS Motor Company (down 0.39 per cent) and Bharat Forge (down 0.29 per cent) were trading as losers, dragging the Nifty Auto index 42 points down at 10,926.
12:15:08 PM IST, 25 July 2017
HERO MOTOCORP GAINS ON DOUBLE-DIGIT GROWTH EXPECTATIONS
Shares of Hero MotoCorp gained in Tuesday's trade ahead of the company's financial results for the June quarter. According to experts, the two-wheeler major will report double-digit growth in the bottom-line figures. Shares of the company advanced 1.28 per cent to Rs 3,738.50 on BSE. The stock opened at 3,715 and touched an intraday high and low of Rs 3,747 and Rs 3,715 till noon.
11:56:40 AM IST, 25 July 2017
MACD SHOWS 80 STOCKS ARE READY TO RALLY
While analysts see high likelihood of the market remaining choppy at such dizzying height, momentum indicator Moving Average Convergence Divergence, or MACD, showed as many as 81 stocks on BSE have witnessed an upward crossover or bullish crossover, indicating that they are poised for an upward journey.
11:41:37 AM IST, 25 July 2017
OVER 45 STOCKS HIT FRESH 52-WEEK HIGH TODAY
Over 45 stocks including JP Power, Shree Renuka Sugars, Weizmann Forex, Aditya Birla Money, Eastern Silk, Paramount Comm, Dynacons Sys, Jaypee Infra, Bharti Infratel, Vindhya Telelink, Indiabulls Housing Finance, Saregama India, Videocon and Godrej Consumer hit their fresh 52-week high on NSE in Tuesday's trade.
11:15:12 AM IST, 25 July 2017
NIFTY BANK HITS RECORD HIGH
10:33:32 AM IST, 25 July 2017
INDIABULLS HOUSING FINANCE HITS FRESH 52-WEEK HIGH POST Q1 RESULTS
Shares of Indiabulls Housing Finance advanced over 2 per cent and hit their fresh 52-week high of Rs 1,191.65 in early trade on Tuesday after the mortgage lender on Monday posted a 25 per cent rise in the June quarter net at Rs 788.2 crore, supported by higher loan growth, reduction in cost of funds and the cost-to-income ratio.
10:09:29 AM IST, 25 July 2017
SALASAR TECHNO LISTS AT 140% PREMIUM TO ISSUE PRICE
The stock has been admitted to dealings on the exchange in the list of ‘T’ group of securities. The company, which is into steel fabrication and infrastructure solutions, had received a huge response for its IPO, with the issue getting 273 times subscription.
09:56:03 AM IST, 25 July 2017
PROFIT TAKING ON D-STREET: SENSEX, NIFTY TURNS NEGATIVE
09:55:20 AM IST, 25 July 2017
IDEA, ICICI BANK, SBI AMONG TOP STOCKS BUZZING IN TRADE
Idea Cellular (number of shares traded: 0.71 crore) was the most active stock in terms of volume on NSE in Tuesday's early trade. Other stocks that were most active in terms of volume included ICICI Bank (0.24 crore), Ashok Leyland (0.15 crore), State Bank of India (0.12 crore), Ambuja Cements (0.10 crore), Vedanta (0.09 crore), Reliance Industries (0.09 crore) and ITC (0.08 crore).
09:36:59 AM IST, 25 July 2017
THE TIMELINE
09:29:40 AM IST, 25 July 2017
NIFTY MOVES FROM 9,000 TO 10,000 IN 92 TRADING SESSIONS (4 MONTHS)
09:25:04 AM IST, 25 July 2017
OPENING BELL: NIFTY HITS 10K; SEVEN FACTORS DRIVING THE INDEX
The day is here! Nifty50 has hit the much-awaited 10,000 mark or the five-digit level for the first time in its 21-year history. What now remains to be seen is if the benchmark is able to hold on to the magical number.
09:15:22 AM IST, 25 July 2017
PRE-OPEN SESSION: SENSEX RISES 50 PTS
Nifty crosses 10,000-mark, Sensex up 50 points.
08:18:50 AM IST, 25 July 2017
SIGNAL FROM SINGAPORE
Nifty50 futures on the Singapore Stock Exchange were trading 10.50 points, or 0.11 per cent, higher at 9,973.50, indicating a positive start for NSE Nifty index.
08:17:49 AM IST, 25 July 2017
NIFTY TECHNICAL CHARTS
The Nifty made a Bullish Candle pattern on the daily chart and it’s a matter of time before the index hits the five-digit mark, say analysts. “The index now has to continue to hold above 9,928 to witness a rally towards 10,000, and possibly 10,100. On the downside, supports are seen at 9,880, and then 9,850 level,” said Chandan Taparia of Motilal Oswal Securities.
08:17:04 AM IST, 25 July 2017
KEY EARNINGS TO WATCH OUT FOR
Telecom major Bharti Airtel is expected to reported a 78 per cent YoY drop in June quarter net profit at Rs 322.60 crore. Axis Bank may report a 19 per cent drop in profit at Rs 1266.10 crore, while Asian Paints is seen reporting a 3.52 per cent rise in profit at Rs 553.87 crore.
08:16:23 AM IST, 25 July 2017
FED POLICY REVIEW BEGINS TODAY
The two-day policy review of the US Federal Reserve will begin later today. Last week, both the Bank of Japan (BOJ) and the European Central Bank (ECB) maintained their overall accommodative stance, as the long-awaited return of inflationary pressure remains elusive.
08:16:00 AM IST, 25 July 2017
OPEC TO CUT OIL PRODUCTION
Opec moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices. Opec has agreed with several non-Opec producers, led by Russia, to cut oil output by a combined 1.8 million barrels per day (bpd) from January 2017 until the end of March 2018.
08:14:46 AM IST, 25 July 2017
MOODY'S RAISES CONCERNS OVER PSBs
The rating agency said that despite receiving Rs 50,000 crore in capital injections under the Indradhanush plan, PSBs remain undercapitalised and burdened by bad debts. “The Indradhanush plan will only provide Rs 20,000 crore of additional capital in the two financial years up to March 2019, which falls short of the amount still required for banks to address solvency challenges and recapitalise themselves,” it noted.
08:13:41 AM IST, 25 July 2017
DOLLAR INDEX INCHES UP
The dollar index, which tracks the greenback against a basket of trade-weighted peers, rose 0.1 percent to 94.078 on Tuesday, after earlier revisiting its lowest level since June 2016 on Monday, Reuters reported.
08:13:22 AM IST, 25 July 2017
ASIAN MARKETS AWAIT FED CUES
MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early trade, with a number of markets looking for fresh impetus after hitting multi-year highs in recent weeks. Japan’s Nikkei rose 0.3 percent and Australian stocks jumped 0.35 percent, making up some of Monday's 0.6 percent slide. South Korea’s KOSPI was little changed.
08:12:30 AM IST, 25 July 2017
US STOCKS CLOSED MIXED
The Dow Jones Industrial Average index declined 66.9 points, or 0.31 per cent, in overnight trade to close at 21,513. The S&P500 index fell 2.63 points, or 0.11 per cent, to 2,469. The Nasdaq Composite index rose 23.05 points, or 0.36 per cent, to 6,410.
08:11:26 AM IST, 25 July 2017
SENSEX ON MONDAY
Buoyed by positive sentiments, the S&P BSE Sensex added 217 points to settle at a fresh closing high of 32,246, with telecom major Bharti Airtel (up 2.15 per cent) being the top gainer and Dr Reddy's (down 2.44 per cent) the worst laggard. NSE’s Nifty50 gained 51 points to end the session at 9,966, just 34 points shy of the historic 10,000 mark. As many as 29 index constituents ended in the green and 22 in the red.
08:09:22 AM IST, 25 July 2017
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