Nifty50 ends above 10,000 for 1st time ever; Sensex scales fresh peak too
Sensex, Nifty and Nifty Bank touched fresh record highs today with Nifty50 ending the session above the magical 10,000 mark for the first time ever. Watch this space as we bring you LIVE updates of the proceedings from Dalal Street.
1 New Update
03:39:49 PM IST, 26 July 2017
CLOSING BELL: NIFTY50 ENDS ABOVE 10,000 FOR 1ST TIME EVER
Shares of Tata Steel (up 2.33 per cent), Sun Pharma (up 2.12 per cent) and ICICI Bank (up 2.11 per cent) were the top gainers on the index while Axis Bank (down 3.07 per cent) and Asian Paints (down 1.43 per cent) capped gains.
03:23:37 PM IST, 26 July 2017
YES BANK HITS FRESH RECORD HIGH POST STOCK SPLIT, Q1 RESULTS
02:42:49 PM IST, 26 July 2017
YES BANK Q1 NET PROFIT JUMPS 32% YOY TO RS 965.52 CRORE
Private sector lender Yes BankBSE 4.82 % on Wednesday reported a profit after tax (PAT) of Rs 965.52 crore for the quarter ended June 30, which was lower than Rs 944 crore estimated in an ETNow poll. The profit for Q1FY18 was higher by 31.93 per cent as against Rs 731.81 crore which was reported in the year ago quarter.
02:50:11 PM IST, 26 July 2017
HDFC Q1 PROFIT DROPS 16.8% TO RS 1,556 CRORE YOY
HDFC, the largest housing finance company, on Wednesday reported a 16.83 per cent YoY drop in net profit to Rs 1,556 crore for the quarter ended June 30, 2017. This was lower than Rs 1,630 crore profit anticipated by analysts in an ET NOW poll.
01:50:02 PM IST, 26 July 2017
PVR POSTS 3.7% RISE IN Q1 PROFIT AT RS 44.40 CRORE
PVR on Wednesday reported a 3.7 per cent YoY rise in net profit at Rs 44.40 crore, which was largely in line with Rs 45 crore estimated by analysts in an ET Now poll. The company had reported Rs 42.80 crore-profit in the corresponding quarter last year.
01:31:05 PM IST, 26 July 2017
FEDERAL BANK SHARES CRACK AFTER MISSING Q1 ESTIMATES
Shares of Federal Bank fell over 5 per cent in Wednesday's trade after the bank failed to meet estimates as provisions for bad loans rose. Following the development, the stock shed 5.42 to Rs 112.60 on BSE. It opened at Rs 119.40 and touched an intraday high and low of Rs 121.45 and Rs 112.50 respectively.
01:11:44 PM IST, 26 July 2017
PRESTIGE ESTATE PROJECTS RALLIES ON EXPANSION PLANS
Shares of Prestige Estates Projects surged over 7 per cent in Wednesday's trade on reports that the company is looking to raise funds by divesting stake across its business verticals, starting with the commercial and retail portfolios.
01:06:54 PM IST, 26 July 2017
STOCKS THAT SURGED UP TO 50% TODAY
Shares of Visesh Infotecnics (up 50 per cent), Spacenet Enterprises (up 25 per cent), GE T&D India (up 20 per cent), Thangamayil Jewellery (up 16.98 per cent) and Austral Coke & Projects (16.67 per cent) saw a steep rise in their share prices on NSE.
12:58:37 PM IST, 26 July 2017
INDIA VIX RISES OVER 4.5%
12:29:27 PM IST, 26 July 2017
CHECK OUT THESE 10 ‘CUP AND HANDLE’ STOCKS
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12:14:31 PM IST, 26 July 2017
NIFTY RECLAIMS 10,000 MARK
12:15:33 PM IST, 26 July 2017
JP ASSOCIATES CONTINUES WINNING STREAK, RALLIES 40% IN A MONTH
Shares of Jaiprakash Associates jumped over 6 per cent in Wednesday's trade, taking its gains this month to over 40 per cent. The stock has been on an upward trend ever since shareholding data showed ace investor Rakesh Jhunjhunwala picked up 2.5 crore shares, or 1 per cent stake, in the company during the June quarter.
12:09:25 PM IST, 26 July 2017
HONDA SIEL POWER SURGES OVER 8%
Shares of Honda Siel Power Products advanced over 8 per cent in morning trade after Old Bridge Capital Management bought 64503 shares in the company at Rs 1347.75 on Tuesday. The scrip had hit a 52-week high of Rs 1750 on November 7, 2016 and 52-low of Rs 1185.30 on August 1, 2016.
12:09:03 PM IST, 26 July 2017
BHARTI AIRTEL SHARES SLIP POST Q1 RESULTS
Shares of Bharti Airtel declined as much as 1.40 per cent in early trade on Wednesday after the telecom major reported its smallest profit in 18 quarters as the price war triggered by newcomer Reliance Jio led to a massive 75 per cent fall in its April-June earnings. The company announced its financial results on Tuesday post market hours.
12:08:43 PM IST, 26 July 2017
50 STOCKS HIT FRESH 52-WEEK HIGH TODAY
Nearly 50 stocks hit their fresh 52-week high on NSE in Wednesday's trade after the bourses saw a cautious start ahead of the July derivatives contract expiry. The pack included stocks such as Deepak Fertilisers, Navin Fluorine, Parsvnath Developers, Alstom India, JP Power, GTL Infra, Uttam Sugar Mills, Eastern Silk, Esab India and Unitech.
12:09:39 PM IST, 26 July 2017
NATIONAL FERTILIZERS CRACKS 7% AS TWO-DAY OFS KICKS OFF
Shares of National Fertilizers (NFL) cracked over 7 per cent in Wednesday’s trade after the government kicked off two-day offer for sale (OFS). The government said it will sell 15 per cent stake in the state-run fertiliser company at a floor price of Rs 72.80, which was at 7.67 per cent discount to Tuesday’s closing price of Rs 78.85.
09:59:26 AM IST, 26 July 2017
NIFTY METAL INDEX AT HIGHEST LEVEL SINCE AUGUST 2014
12:08:24 PM IST, 26 July 2017
RUPEE OPENS 5 PAISE LOWER AGAINST US DOLLAR
The rupee opened 5 paise down 64.43 against dollar on Wednesday on account of buying of American currency by banks and importers. With the FOMC rate outcome later in the day, currency traders preferred to stay on the sidelines and avoided taking any long positions.
09:19:23 AM IST, 26 July 2017
OPENING BELL: SENSEX, NIFTY OFF TO A CAUTIOUS START
Sensex, Nifty start on a cautious note; Vedanta rises 2%; Asian Paints slips 1%.
09:05:22 AM IST, 26 July 2017
PRE-OPEN SESSION
Sensex, Nifty trade flat; Rupee opens at 64.43 against US dollar
08:44:47 AM IST, 26 July 2017
DOLLAR INDEX AT 13-MONTH LOW
The dollar bobbed above a 13-month low against a basket of major currencies on Wednesday, as investors awaited the US Federal Reserve's policy statement for clues on the timing of its next monetary tightening. The dollar index, which measures the greenback's value against a basket of six major currencies, stood at 94.082
08:43:34 AM IST, 26 July 2017
CRUDE OIL PRICES NEAR 8-WEEK HIGH
Brent crude futures rose 32 cents, or 0.6 per cent, to $50.52 a barrel by 0142 GMT, after rallying more than 3 per cent on Tuesday. US West Texas Intermediate futures rose 42 cents, or 0.9 per cent to $48.31 a barrel.
08:42:53 AM IST, 26 July 2017
GLOBAL SPACE TECH's SME IPO BEGINS TODAY
Global Space Technologies' SME initial public offering (IPO) will kick off on Wednesday. The company has t has fixed the price band of Rs.66 per equity shares
08:35:49 AM IST, 26 July 2017
KEY Q1 EARNINGS TO WATCH OUT FOR TODAY
Mortgage lender HDFC and Federal Bank, NBFCs Bharat Financial, Muthoot Finance and L&T Finance, FMCG major Nestle India and a couple of entertainment companies such as PVR and Inox Leisure will announce their quarterly earnings on Wednesday.
08:34:44 AM IST, 26 July 2017
SIGNAL FROM SINGAPORE
Nifty50 futures on the Singapore Stock Exchange were trading 6.50 points higher at 9,979.50, indicating a flat opening for the domestic market.
08:33:25 AM IST, 26 July 2017
NIFTY TECHNICAL CHARTS
The index formed a Bearish Belt Hold pattern on the daily chart and technical analysts believe it may not be a smooth ride for the index from here on. Traders should remain cautious and not to get carried away and wait for a decisive breakout above the 10,000 mark on a closing basis.
08:39:45 AM IST, 26 July 2017
MARKET-WIDE F&O ROLLOVERS AT 37%
Marketwide rollover of F&O contracts stood at 37 per cent till Tuesday, which was a tad lower than the average rollovers of 38 per cent seen on the comparable day, in the last three series. Nifty rollovers stood at 38 per cent, which were lower compared to the average rollovers of 43 per cent in the last three series.
08:30:09 AM IST, 26 July 2017
FED POLICY OUTCOME TODAY
Even as the Nifty50 hit 10,000 mark on Tuesday, concerns kept on lingering over when will the Fed starts winding down its $4.5 trillion balance sheet. Wednesday’s policy outcome may shed some light. Going by the outcome of recent Reuters poll of economists, Fed can chart a direction in September policy review.
08:29:48 AM IST, 26 July 2017
BHARTI AIRTEL IN FOCUS AFTER 75% SLUMP IN Q1 NET
Bharti Airtel’s quarterly net profit slumped 75% to the lowest level in four-and-a-half years as its voice and data businesses continued to suffer from the price war triggered by Reliance Jio Infocomm’s dirt cheap offerings.
08:29:18 AM IST, 26 July 2017
COS MAY HAVE TO INFORM BOURSES ABOUT DEFAULTS
Sebi is planning to make it mandatory for listed companies to inform stock exchanges if they fail to make interest and loan instalment payments on time in order to ensure greater fiscal discipline and keep shareholders better informed.
08:27:06 AM IST, 26 July 2017
JANET YELLEN TO BE RE-ELECTED AS FED CHAIR?
US President Donald Trump named on Tuesday two possible candidates to run the Federal Reserve over the next few years: current Fed Chair Janet Yellen and Trump's economic adviser Gary Cohn, according to an interview with The Wall Street Journal.
08:26:29 AM IST, 26 July 2017
ASIAN MARKETS MIXED
MSCI's broadest index of Asia-Pacific shares outside Japan, rose 0.1 per cent, drawing support after the S&P 500 climbed to an all-time high overnight on well-received results from McDonald's and Caterpillar. South Korea's KOSPI stood little changed and Australian stocks rose 0.9 per cent. Japan's Nikkei added 0.8 percent after the dollar extended an overnight rally against the yen to pull away from seven-week lows.
08:25:59 AM IST, 26 July 2017
US STOCKS HIT RECORD HIGH
The Dow Jones Industrial Average index rose 100.26 points, or 0.47 per cent, to close at 21,613. The S&P500 index advanced 7.17 points, or 0.29 per cent, to 2,477. The Nasdaq Composite index gained 1.37 points, or 0.02 per cent, to 6,412.
08:25:21 AM IST, 26 July 2017
SENSEX ON TUESDAY
It was a day of celebrations for the domestic equity market as Nifty50 claimed the magical 10,000 level for the first time ever. However, the index fell from the dizzying heights and ended on a flat note. The Nifty closed 2 points lower at 9,964.55, while the Sensex ended 17 points down at 32,228.27.
08:22:22 AM IST, 26 July 2017
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