Sensex ends 107 pts higher; Nifty50 reclaims 9,950; CIL up 3%
While Asian markets are tentative and Monday’s fall affected investor sentiments, the tech setup shows there is no structural damage to the charts and Nifty is poised for a rebound. Watch this space as we bring you LIVE updates of the day's proceedings from Dalal Street.
1 New Update
03:32:33 PM IST, 05 September 2017
CLOSING BELL: SENSEX ENDS 107 PTS HIGHER
BSE Sensex added as many as 107 points or 0.34 per cent to end at 31,809.55 while the 50-share Nifty reclaimed 9,950 mark, closing the day 39 points or 0.40 higher at 9,952.20.
02:59:45 PM IST, 05 September 2017
NIFTY REALTY TOP SECTORAL GAINER; OBEROI REALTY GAINS OVER 6%
Nifty Realty index emerged as the biggest sectoral gainer on NSE in Tuesday's trade so far, with shares of Oberoi Realty (up 6.12 per cent) surging over 6 per cent. Indiabulls Real Estate (up 1.85 per cent), Housing Development and Infrastructure (HDIL) (up 1.52 per cent), DLF (up 1.20 per cent) and Delta Corp (up 1.14 per cent) also gained significantly.
02:31:29 PM IST, 05 September 2017
MARKET AT DAY’S HIGH
Sensex extends gains, jumps nearly 150 points; Nifty50 regains 9,950 level after rising nearly 50 points
01:45:59 PM IST, 05 September 2017
NEARLY 70 STOCKS HIT FRESH 52-WEEK HIGHS TODAY
Nearly 70 stocks, including Bombay Dyeing, Concor, Chambal Fertilizers, Dewan Housing Finance Corporation, Gruh Finance, JM Financial, Page Industries, Phillips Carbon, Raymond and Tata Steel hit fresh 52-week highs on NSE in Tuesday's trade.
01:27:22 PM IST, 05 September 2017
THIS SMALLCAP FIRM SURGED 25% IN 9 SESSIONS; CAN RISE ANOTHER 30%
A smallcap firm Arrow Greentech is buzzing on Dalal Street as the share price of the company has surged 25 per cent in nine trading sessions. Brokerage firm Centrum Wealth has also initiated the coverage of the stock with ‘Buy’ rating. The share price of the company advanced 25 per cent to Rs 687.60 on September 4 from Rs 542.20 on August 22, 2017.
12:35:19 PM IST, 05 September 2017
NIFTY REALTY TOP SECTORAL GAINER; OBEROI REALTY GAINS OVER 6%
Nifty Realty index emerged as the biggest sectoral gainer on NSE in Tuesday's trade so far, with shares of Oberoi Realty (up 6.12 per cent) surging over 6 per cent. Indiabulls Real Estate (up 1.85 per cent), Housing Development and Infrastructure (HDIL) (up 1.52 per cent), DLF (up 1.20 per cent) and Delta Corp (up 1.14 per cent) also gained significantly.
12:17:53 PM IST, 05 September 2017
THESE 100 STOCKS ARE DEFYING MARKET TREND
BSE benchmark Sensex snapped a three-day winning streak on Monday to shed weight amid rising geopolitical concerns. But momentum indicator moving average convergence divergence, or MACD, showed nearly 100 stocks have witnessed upward crossovers, or bullish crossovers, on BSE, indicating that they have begun an upward journey.
12:00:20 PM IST, 05 September 2017
RELIANCE, INFOSYS MOST ACTIVE STOCKS IN TERMS OF VALUE
Shares of Sun TV (Rs 173.54 crore) followed by Reliance Industries (Rs 134.66 crore), Infosys (Rs 91.98 crore) and YES Bank (Rs 83.89 crore) were trading as the most active stocks in terms of value on NSE in Tuesday's trade.
11:14:04 AM IST, 05 September 2017
RELIGARE ENTERPRISES DROPS 2% AS LENDERS MOVE HC OVER PROPOSED DIVESTMENT
Shares of Religare Enterprises fell over 2 per cent in Tuesday's trade amid reports that some investors holding pledged shares of the company have filed a lawsuit in Bombay HC against Malvinder Singh and Shivinder Singh after the company's promoters proposed that the firm pay Rs 500 crore from divestment proceeds to settle a loan given by Axis Bank to a Religare arm. Following the report, the stock fell 2.53 per cent to hit a low of Rs 42.25 on BSE.
10:44:13 AM IST, 05 September 2017
RELIANCE CAPITAL DEMERGES HOUSING FINANCE BIZ, TRADES AT RS 687.40
Shares of Reliance Capital on Tuesday opened at Rs 687.40 ex-date, adjusting for the demerger of its home finance business. The housing finance arm will be listed separately on bourses. Reliance Capital shareholders will get a share of Reliance Home Finance for each share of Reliance Capital held as on Tuesday. The company will still hold 51 per cent stake in RHF.
10:26:44 AM IST, 05 September 2017
SUN TV, BOB MOST ACTIVE STOCKS IN TERMS OF VOLUME
Shares of Sun TV (number of shares traded: 0.15 crore), Bank of Baroda (0.15 crore) and Ashok Leyland (0.14 crore) were trading as the most active stocks in terms of volume on NSE in Tuesday's early trade. Vedanta (0.13 crore), Sun Pharma (0.08 crore), Oil and Natural Gas Corporation (0.08 crore), Infosys (0.08 crore), DLF (0.07 crore) and Sail (0.07 crore) were the other stocks in the pack.
10:14:41 AM IST, 05 September 2017
HOTEL LEELAVENTURE GAINS AS MARIGOLD CAPITAL AGREES TO BUY CHENNAI PROPERTY
The scrip was trading 5.12 per cent up at Rs 24.65. Shares of the company opened at Rs 24.80 and touched a high and low of Rs 25.40 and Rs 24.30, respectively, in trade so far. Benchmark BSE Sensex was up 66 points, or 0.21 per cent, at 31,768 at around the same time.
09:52:45 AM IST, 05 September 2017
KWALITY SHARE PRICE HITS FRESH 52-WEEK LOW; SLIPS ANOTHER 16%
After falling over 25 per cent in the past five trading sessions, shares of Kwality extended their fall for the sixth consecutive trading session on Tuesday. The scrip plunged as much as 16 per cent to its fresh 52-week low of Rs 95.50 in early trade.
09:32:36 AM IST, 05 September 2017
DESPITE MONDAY’S DAMAGE NIFTY TO SHOW POSITIVE BIAS
On Tuesday, we expect a quiet start to the market and in the absence of any negative news flow, the favourable technical conditions are likely to take over and the market is likely to trade with a positive bias. The 9,975 and 10,030 levels will play out as likely resistance on Tuesday. Supports should come in at 9,860 and 9,835 levels.
09:18:49 AM IST, 05 September 2017
OPENING BELL: SENSEX, NIFTY OFF TO A FLAT START
Sensex, Nifty start marginally higher; IGL, Sun TV gain 3% each, RIL up 1%; Kwality tanks 15%.
09:05:37 AM IST, 05 September 2017
PRE-OPEN SESSION: SENSEX UP 70 PTS, NIFTY FLAT
Sensex up over 70 points, Nifty flat; Rupee trades at 64.10 against US dollar.
08:49:23 AM IST, 05 September 2017
SIGNAL FROM SINGAPORE
Nifty50 futures on the Singapore Stock Exchange were trading 28 points, or 0.28 per cent, higher at 9,955, indicating a positive opening for the domestic market.
08:48:15 AM IST, 05 September 2017
NIFTY TECHNICAL CHART
The index made a 'Bearish Engulfing Pattern on the daily chart, hinting at an end to the pullback attempt, say analysts. That said, the pattern should not be studied in isolation. It needs to be seen after study the preceding as well as followup structure.
08:47:56 AM IST, 05 September 2017
INDIA VIX SPIKES MOST IN 9 MONTHS
The local fear gauge, volatility index or India Vix, jumped the most in over nine months on Monday as escalation in geopolitical tensions surrounding North Korea after the country's nuclear test sparked risk-off sentiment across global markets.
08:47:12 AM IST, 05 September 2017
HDFC BANK TOO BIG TO FAIL
India's most valuable lender HDFC Bank has joined SBI and ICICI Bank as domestically systemically important banks (D-SIB) in 2017. Under the D-SIB framework, these banks are required to maintain additional common equity tier-1 capital.
08:46:27 AM IST, 05 September 2017
PNB METLIFE TO LIST ON BOURSES
PNB Metlife may well be the fourth life insurance company to list on stock exchanges as the company looks to raise funds, three people close to the development said. The company could be valued at over Rs 8,000 crore. ICICI Prudential was the first insurer to be publicly listed in September 2016. SBI Life and HDFC Life are in the process of listing by December.
08:43:45 AM IST, 05 September 2017
ASIAN MARKETS TRADING WEAK
Stock markets were under pressure on Tuesday after previous day’s global selloff in the wake of North Korea’s most powerful nuclear test at the weekend, while safe havens such as gold remained firm, Reuters reported. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.05 per cent, having shed 0.8 per cent on the previous day, with South Korea's Kospi was off 0.1 per cent.
08:43:07 AM IST, 05 September 2017
RUPEE ENDED 3 PAISE LOWER ON MONDAY
The rupee reclaimed some lost ground towards the fag end and closed with a marginal 3 paise loss at 64.05 against the dollar on Monday.The Indian rupee plunged to hit an intra-day low of 64.18 against the dollar in knee-jerk reaction but managed to pull back magnificently towards the fag-end.
08:42:49 AM IST, 05 September 2017
TECHNICAL GLITCH HALTS TRADING ON MCX
Trading on India’s commodity exchange MCX was halted for almost an hour on Monday evening because of a technical glitch in the upgraded software version that went live earlier during the trading day, brokers and market sources told ET. MCX and Sebi officials were not available immediately for comment on the hour-long outage that ended at around 7:35 pm. But sources aware of the development confirmed that trading was halted and client orders failed to go through to the exchange.
08:42:38 AM IST, 05 September 2017
US STOCKS SHUT OVERNIGHT ON ACCOUNT OF PUBLIC HOLIDAY
US markets were shut overnight on account of Labor Day. But Dow Jones futures were down 0.24 per cent at 21,928. On Friday, the Dow Jones Industrial Average index rose 39.46 points, or 0.18 per cent, to settle at 21,987.56. The S&P500 index gained 4.9 points, or 0.20 per cent, to end at 2,476.55. The Nasdaq Composite index added 6.67 points, or 0.1 per cent, to close at 6,435.
08:41:30 AM IST, 05 September 2017
SENSEX ON MONDAY
BSE Sensex cracked and lost as many as 190 points or 0.60 per cent to 31,702.25 with shares of Adani Ports (down 2.61 per cent), Bharti Airtel (down 2.21 per cent), Infosys (down 2.04 per cent), Hindustan Unilever (down 1.94 per cent) and Mahindra & Mahindra (down 1.91 per cent) being major drags on the index.
08:27:50 AM IST, 05 September 2017
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