Sensex ends above 32,500 for the 1st time ever; Nifty near 10,100
The domestic market has a mixed setup amid rising crude oil prices, geopolitical tensions and a mixed set of quarterly earnings numbers on Monday. Watch this space as we bring you LIVE updates of the proceedings from Dalal Street.
1 New Update
04:09:36 PM IST, 31 July 2017
CLOSING BELL: SENSEX ENDS ABOVE 32,500 FOR THE 1ST TIME EVER
BSE Sensex opened at 32,412.20 and touched an intraday high and low of 32,546.50 and 32,324 respectively. Shares of SBI (up 4.41 per cent), Power Grid (4.32 per cent) and Tata Steel (up 3.02 per cent) were the top gainers on the index. On the other hand, Sun Pharma (down 3.59 per cent), Dr Reddy's Laboratories (down 3.41 per cent) and Lupin (down 3.08 per cent) capped gains.
02:56:47 PM IST, 31 July 2017
THESE STOCKS ZOOMED UP TO 20%
Shares of Kanani Industries (up 19.91 per cent), ICSA (India) (up 19.64 per cent), Venus Remedies (up 17.13 per cent) and Nakoda (up 16.67 per cent) zoomed up to 20 per cent on NSE in Monday's trade. Other stocks such as Sujana Metal (up 13.51 per cent), ADF Foods (up 13.44 per cent), Celestial Biolabs (up 11.74 per cent), Nicco Corporation (up 10 per cent) and MVL (up 10 per cent) surged more than 10 per cent.
02:03:32 PM IST, 31 July 2017
BANK STOCKS SURGE POST SBI RATE CUT
Backed by solid performance by stocks such as Bank of Baroda (up 3.44 per cent), State Bank of India (up 3.44 per cent), Punjab National Bank (up 1.76 per cent), Bank of India (up 1.20 per cent) and Union Bank of India (up 0.96 per cent), the Nifty PSU Bank index rose nearly 3 per cent in Monday's trade.
01:32:39 PM IST, 31 July 2017
SIS IPO SUBSCRIBED 14% ON DAY 1
The initial public offering (IPO) of Security and Intelligence Services (SIS), received bids for 14 per cent of the total issue size on Day 1 of bidding process. By 1 pm, the issue had received bids for 7,41,474 shares compared with the total issue size of 53,16,187 shares.
12:53:59 PM IST, 31 July 2017
HSIL GAINS ON EXPANSION PLANS
Shares of sanitaryware manufacturer HSIL advanced in Monday's trade on reports that the company is eyeing over two-fold growth to be Rs 6,000 crore company in the next five years. Following the development, the stock gained 1.12 per cent to Rs 379.50 on BSE.
12:31:33 PM IST, 31 July 2017
PFIZER SHARES FALL ON DECLINE IN Q1 NET PROFIT
Shares of pharmaceuticals firm, Pfizer fell in Monday's trade after the company reported 28.57 per cent decline in net profit at Rs 57.17 crore for the first quarter ended June 30, 2017 due to lower sales.
12:08:34 PM IST, 31 July 2017
BANK STOCKS RALLY POST SBI RATE CUT; NIFTY BANK HITS RECORD HIGH
11:52:32 AM IST, 31 July 2017
<blockquote class="twitter-tweet" data-partner="tweetdeck"><p lang="en" dir="ltr">Shorts running out of areas to hide as PSU Banks start rallying. <br>Pharma seems to be the only place to hide</p>— sandip sabharwal (@sandipsabharwal) <a href="https://twitter.com/sandipsabharwal/status/891905167502831616">July 31, 2017</a></blockquote>
11:30:26 AM IST, 31 July 2017
NEARLY 40 STOCKS HIT FRESH 52-WEEK HIGH
Shares of PG Electroplast, Seamec, Gvk Power & Infrastructure, Avadh Sugar & Energy, Eastern Silk, Zodiac JRD MKJ, Graphite India, Orient Paper, First Winner, Jindal Worldwide, BEML and Prakash Industries were among the 39 stocks that hit their fresh 52-week high on NSE in Monday's trade.
11:04:27 AM IST, 31 July 2017
L&T SHARES SURGE ON 46% INCREASE IN CONSOLIDATED PROFIT
Shares of Larsen & Toubro gained over 3 per cent in Monday after the company on Friday reported a 46 per cent YoY rise in consolidated profit at Rs 893 crore for the June quarter.
10:52:13 AM IST, 31 July 2017
IT INDEX AT DAY'S HIGH LED BY INFOSYS
10:36:41 AM IST, 31 July 2017
PROPOSED SCHEME WITH MAX INDIA, HDFC STANDARD WITHDRAWN
10:26:57 AM IST, 31 July 2017
ONGC, L&T AMONG MOST ACTIVE STOCKS IN TERMS OF VOLUME
Shares of Oil and Natural Gas Corporation (number of shares traded: 0.18 crore) were among the most active stocks in terms of volume on NSE in Monday's early trade. Other stocks following ONGC were ITC (number of shares traded: 0.18 crore), Larsen & Toubro (0.17 crore), LIC Housing Finance (0.17 crore), Infosys (0.16 crore), Ashok Leyland (0.14 crore), Punjab National Bank (0.11 crore) and ICICI Bank (0.11 crore).
10:05:44 AM IST, 31 July 2017
IL&FS SURGES 5% ON WINNING ZOJILA TUNNEL PROJECT BID
Shares of IL&FS Transportation Networks surged over 5 per cent in Monday's trade after reports that the company emerged as the lowest bidder for the project to build the Zojila tunnel that will provide all-year connectivity between Srinagar and Leh. Following the development, the stock gained 5.59 per cent to Rs 94.50 on BSE. It opened at Rs 93.75 and touched an intraday high and low of Rs 97.30 and Rs 93.75 respectively, in the first hour of trade.
09:45:27 AM IST, 31 July 2017
DENA BANK SHARES FALL ON POOR Q1 NUMBERS
Shares of Dena Bank fell nearly 3 per cent in Monday's trade after the bank reported losses in the first quarter of this fiscal year on the back of high loans loss. Following the development, the stock lost 2.80 per cent to Rs 84.90 on BSE. It opened at Rs 82.20 and touched an intraday high and low of Rs 85.40 and Rs 82.20, respectively, in trade so far.
09:18:25 AM IST, 31 July 2017
OPENING BELL: SENSEX, NIFTY50 START ON A CAUTIOUS NOTE
L&T surges 3%; PNB slips 2%, Dr Reddy's 1%.
09:06:50 AM IST, 31 July 2017
PRE-OPEN SESSION: SENSEX UP 50 POINTS, NIFTY NEARS 10,100
Pre-open session: Sensex up over 50 points; Nifty hovers around 10,100; Rupee opens at 64.11 against dollar.
08:13:26 AM IST, 31 July 2017
IPO WATCH: SIS ISSUE OPENS TODAY
Security and Intelligence Services (India), the second largest security service provider in terms of revenues, will kick off its initial public offering (IPO) on Monday. Can it eclipse the success seen by peers TeamLease Services (66 times subscription to its February IPO) and Quess Corp (144 times, June-July 2016?
08:09:24 AM IST, 31 July 2017
GOLD AT 7-WEEK HIGH ON N KOREA NUKE THREAT
Spot gold hit its highest since June 14 at $1,270.98 in early trade and was at $1,269.70 per ounce at 0055 GMT, little changed from Friday. Gold gained about 1.1 per cent last week for a third consecutive weekly gain.
08:06:19 AM IST, 31 July 2017
ASIAN MARKETS IN THE RED
Asian shares dipped on Monday following a lackluster end to last week globally on some earnings disappointments. Investors flocked to the Japanese yen and gold after North Korea conducted another missile test late on Friday.
08:05:15 AM IST, 31 July 2017
SIGNAL FROM SINGAPORE
Nifty50 futures on the Singapore Stock Exchange were trading 9 points lower at 10,026, indicating a flat to negatove opening for the domestic market.
08:04:48 AM IST, 31 July 2017
NIFTY TECHNICAL CHARTS
The index made a Hammer pattern on the daily chart on Friday, suggesting the bulls were not ready to give in the psychological mark so easily. The index, meanwhile, snapped its higher low formation by falling below 9,950 level in intraday trade. Follow up buying could bring more clarity.
08:04:27 AM IST, 31 July 2017
KEY EARNINGS TO WATCH OUT FOR
Aviation firm InterGlobe Aviation, power major Reliance Power, drug maker Torrent Pharma, midcap IT firm Hexaware, FMCG firm GCPL, Agrochemicals firm UPL, boradcaster Music Broadcast and retail company Trent are some of the companies, which will report their quarterly results on Monday.
08:04:14 AM IST, 31 July 2017
ECONOMIC DATA RELEASES TO SET TONE
Data on domestic fiscal deficit for June and numbers on infrasturcture output will be out post market hours on Monday. In euro zone, preliminary CPI numbers and unemployment data will be released.
08:03:46 AM IST, 31 July 2017
FOREX RESERVES HIT FRESH HIGH
India’s foreign exchange reserves rose by $2.2 billion to hit a record high of $391.3 billion during the week ended July 21, the Reserve Bank of India said on Friday.
08:03:22 AM IST, 31 July 2017
CRUDE PRICES ON A RISE
Oil ended its strongest week this year with a surge on Friday, built on receding fears of oversupply, as U.S. crude came within striking distance of $50 a barrel for the first time since the end of May.
08:02:19 AM IST, 31 July 2017
CHINA JULY SERVICES PMI DROPS TO 54.5
The official non-manufacturing Purchasing Managers' Index (PMI) fell to 54.5, from 54.9 in June, but remained well above the 50-point mark that separates growth from contraction on a monthly basis.
08:01:03 AM IST, 31 July 2017
GEOPOLITICAL TENSIONS FLARE UP
A top Russian diplomat on Sunday lambasted the United States Congress for voting to sanction Russia, and warned of retaliation by Moscow, Reuters reported. Meanwhile, the US conducted a successful test of its missile defence system in the Pacific Ocean on Sunday amid growing tensions with North Korea, agencies reported.
08:00:41 AM IST, 31 July 2017
US STOCKS AT RECORD HIGH
On Wall Street, the Dow industrials set a record closing high on Friday, helped by a 7.7 per cent jump in Verizon, following the top US wireless carrier's quarterly earnings. The Dow rose 33.76 points, or 0.15 per cent, to close at 21,830, but the S&P500 lost 3.32 points, or 0.13 per cent, to 2,472. The Nasdaq Composite dropped 7.51 points, or 0.12 percent, to 6,374.
08:00:12 AM IST, 31 July 2017
SENSEX ON FRIDAY
The S&P BSE Sensex snapped its five-day winning streak to close 73 points lower at 32,310 with HDFC (up 3 per cent) being the top gainer and Dr Reddy's (down 6 per cent) the worst laggard. The broader Nifty50 ended in the red, but closed above the crucial 10,000 level. The index ended at 10,014 with 22 components in the green and 29 in the red.
07:59:08 AM IST, 31 July 2017
Good morning, dear reader! Here’s something to kickstart your trading day
