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The Sensex jumped 140.23 points or 0.54 percent to 25978.94 and the Nifty climbed 40.30 points or 0.51 percent to 7901.35. About 1327 shares have advanced, 489 shares declined, and 118 shares are unchanged on the BSE. 9:45 am Buzzing: Shares of SMS Pharmaceuticals climbed 11.8 percent intraday on getting approval from the US health regulator for one its unit in Andhra Pradesh. "SMS has received approval from the US Food and Drug Administration (USFDA) for manufacturing facility (unit 7) located at Kandivalasa village, Pusapatirega Mandal, Vizianagaram distict, Andhra Pradesh," says the Telangana-based pharma company in its filing.
Reliance Industries edges up by 0.85 per cent to Reliance Industries on soft launch of Jio 4G services. Telecom arm of Mukesh Ambani-controlled RIL, Reliance Jio, on Sunday announced the launch of 4G service for its employees under Jio brand name which will be available from Monday.The launch marks the re-entry of Mukesh Ambani in the mobile service business.
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The S&P BSE Sensex started on a strong note on Monday, led by gains in ICICI Bank, RIL, Sun Pharma, Tata Motors, and L&T. The Nifty50 was trading above its crucial psychological level of 7850, supported by gains in auto, banks, capital goods, metal, and oil & gas stocks.Taking its winning streak to eighth trading session, the rupee advanced 11 paise to 66.10 against the US dollar in early trade on Monday, despite mixed cues from other Asian markets.
Recently the RBI governor Raghuram Rajan warned corporate India against taking on too much debt. The problem is indeed serious. Many corporate houses got into trouble during the last few years. They blamed the economic slowdown for their woes. In reality, the root cause of their problems was debt or rather too much of it.
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The market has opened flat on Thursday after a strong rally yesterday. The Sensex is up 44.18 points at 25894.48 and the Nifty gains 8.95 points at 7874.90. About 606 shares have advanced, 135 shares declined, and 41 shares are unchanged. Vedanta, Coal India, ONGC, BHEL and Hindalco are top gainers while Hero MotoCorp, TCS, Maruti, Cipla and Bharti are losers in the Sensex.
Most of the Asian markets were trading higher. Japan's Nikkei was up 0.3 per cent and Hong Kong's Hang Seng advanced 0.57 per cent. On the other hand, China's Shanghai Composite declined 1 per cent.
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The S&P BSE Sensex started on a positive note on Thursday on the last trading day of the week. The market will remain shut on Friday due to a Christmas holiday.The rally in the index was led by gains in Coal India, ICICI Bank, Infosys, HUL, RIL, Bajaj Auto, and Tata Motors.
The government said it was difficult to predict a timeline for the passage of a bill that seeks to harmonise state taxes after lawmakers failed to vote on the measure in the parliament session that ended on Wednesday.Junior finance minister Jayant Sinha said the rollout of the new tax was contingent on the passage of the bill."We will have to see how the legislative calendar develops," he said. "It's very hard to predict how soon that will happen."
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The market has opened strong following positive Asian cues. The Sensex is up 128.89 points or 0.5 percent at 25719.54 and the Nifty is up 44.35 points or 0.6 percent at 7830.45. About 469 shares have advanced, 82 shares declined, and 31 shares are unchanged. Tata Steel, Hindalco, Vedanta, Sun Pharma and GAIL are top gainers in the Sensex.
Buying was visible across the board. Metal stocks were among the top performers in the morning trades, the BSE Metal index advanced 1.6 per cent. Oil & gas, realty, pharma, capital goods, banking and IT indices were also quoting 0.7-1 per cent higher on the bourses.From the Nifty-50 basket of stocks, 47 stocks were gaining while only three were declining.
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The S&P BSE Sensex surged over 200 points in morning trade on Wednesday following positive trend seen in other Asian markets. The rally in the index was led by gains in Infosys, HDFC, RIL, HDFC Bank, and Sun Pharma. The Nifty50 managed to rally over 7,800 in trade supported by gains in realty, power, oil & gas, metal, consumer durable, and banking stocks.
Indian stocks closed lower on Tuesday, weighed down by IT stocks as sentiment turned cautious in a holiday-shortened week.The Nifty fell 0.62 percent, while the benchmark BSE index slipped 0.56 percent.Local markets will be shut on Friday for Christmas.
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The market has opened flat on Tuesday. The Sensex is up 1.03 points at 25736.93 and the Nifty is down 4.80 points at 7829.65. About 441 shares have advanced, 142 shares declined, and 45 shares are unchanged. Sun Pharma, Cipla, Dr Reddy's Labs, Tata Motors and Tata Steel are gainers while Infosys, ICICI Bank, ITC, Coal India and Maruti are losers in the Sensex.
Sun Pharma was among the top Nifty gainers, the stock rebounded from yesterday's fall and was up 1.4 per cent at Rs 765. Idea Cellular, Bosch, Punjab National Bank and HUL were also among the gainers.The broader markets were outperforming the benchmark indices. The BSE mid-cap index advanced 0.4 per cent and the small-cap index jumped 0.23 per cent.
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The S&P BSE Sensex started on a cautious note on Tuesday, following muted trend seen in other Asian markets. The fall in the index was led by losses in Infosys, ITC, RIL, TCS, and HDFC. The Nifty50 was trading above its crucial support level of 7,800, helped by gains in realty, power, capital goods, and consumer durable stocks.
Country’s largest lender State Bank of India (SBI) on Monday said it plans to raise up to Rs 12,000 crore by issuing tier-II bonds on private placement basis. SBI shares were up 0.41 per cent at Rs 231.30 in the early trade. Sensex was down 38.61 points at 25,697.
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The market has kick-started the truncated week in red. The Sensex is down 94.31 points or 0.4 percent at 25424.91 and the Nifty is down 16.30 points or 0.2 percebt at 7745.65. About 356 shares have advanced, 183 shares declined, and 54 shares are unchanged. Sun Pharma is down 6 percent followed by Infosys, Wipro, HUL and Reliance are major losers in the Sensex. Among top gainers are Hindalco, Tata Motors, Bharti Airtel, Hero MotoCorp and Lupin.
Sun Pharmaceutical shares fell as much as 7.5 per cent to Rs 731 after India's biggest drugmaker disclosed that it has received a "warning letter" from US regulator over violation of manufacturing standards at its Halol plant in Gujarat, which is its largest manufacturing faciltiy.
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The S&P BSE Sensex plunged over 100 points in morning trade on Monday, led by losses in Sun Pharma, Infosys, RIL, TCS, HUL, and Wipro. The Nifty50 was trading around its crucial psychological support level of 7750, weighed down by losses in IT, and pharma stocks.Shares of Sun Pharma cracked over 7 per cent in trade after the US drug regulator issued a warning letter to the company's Halol facility. SPARC, the pharma giant's listed subsidiary, also fell by over 5 per cent.
Asian share markets advanced on Monday after a lackluster start, defying a dive on Wall Street, and the price of Brent crude threatened to plumb lows last seen in 2004 on renewed worries over a global oil glut.
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The market has opened lower on Friday after surging yesterday. The Sensex is down 59.71 points at 25744.07 and the Nifty is down 15.45 points at 7828.90. About 326 shares have advanced, 223 shares declined, and 40 shares are unchanged. Bajaj Auto, Vedanta, TCS, M&M and Dr Reddy's Labs are major losers while HDFC, NTPC, Maruti and Hindalco are top gainers in the Sensex.
The BSE Sensex and Nifty had notched their fourth consecutive gain on Wednesday despite US Federal Reserve's historic decision to raise rates for the first time in nearly one decade. Domestic equities got a boost as foreign institutional investors bought shares worth Rs 638 crore in cash markets.
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The S&P BSE Sensex slipped nearly 100 points in morning trade on Friday, led by losses in Infosys, TCS, RIL, Sun Pharma, Bajaj Auto, and L&T.The Nifty50 was trading above its crucial psychological support level of 7,800, supported by gains in realty, and capital goods stocks.
India's stock markets gained over 1 percent on Thursday, marking their biggest single-day gain in about a month after the U.S. Federal Reserve raised interest rates for the first time in nearly a decade and signalled its tightening cycle would be "gradual."The broader Nifty and the benchmark Sensex gained 1.21 percent each, recording their biggest single-day percentage gain since Nov. 19.
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Boosted by strong global cues, the market has opened strong after Federal Reserve has hiked interest rates after nine years. The Nifty is up 45.40 points or 0.6 percent at 7796.30 and the Sensex is up 150.63 points or 0.6 percent at 25645. The 50-share index touched 7800 in early trade. About 822 shares have advanced, 139 shares declined, and 31 shares are unchanged. GAIL, SBI, NTPC, Sun Pharma and Vedanta are top gainers while ONGC, M&M, Coal India, HDFC and HUL are major losers in the Sensex.
FIIs have withdrawn nearly $2.5 billion from domestic markets since November. Now that the actual announcement has come, things are likely to calm down.
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The S&P BSE Sensex surged over 100 points in morning trade on Thursday, tracking Asian markets which were trading higher after US Federal Reserve on expected lines hiked rates by 25-basis-point almost after a decade.The Nifty50 reclaimed its crucial resistance level of 7,800 supported by gains in auto, banks, metals, realty, and power stocks.
It would be the first U.S. rate hike in nearly a decade, signalling the beginning of an end to an expansionary monetary policy that has supplied a tidal wave of liquidity to risk asset markets globally.
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The market has opened in green with eyes on FOMC meeting tonight. The Sensex is up 92.40 points or 0.4 percent at 25412.84, and the Nifty up 24.35 points or 0.3 percent at 7725.25. About 193 shares have advanced, 34 shares declined, and 12 shares are unchanged. M&M, Wipro and Tata Motors are major losers while NTPC, TCS, HDFC twins and Tata Steel.
Wipro on Wednesday said that its December quarter revenue and margins could be lower-than-expected on account of the Chennai floods that led to hundreds of deaths in India's fifth largest city. Wipro - India's third biggest outsourcer - has multiple facilities in Chennai with over 22,000 employees.
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The S&P BSE Sensex climbed over 100 points in early trade on Wednesday ahead of the outcome of US Federal Reserve two-day policy review that concludes later in the day.The rally in the BSE benchmark was led by index heavyweights such as Infosys, HDFC Bank, TCS, RIL, and HDFC.
Indian shares rose on Tuesday led by gains in oil explorers such as Reliance Industries, tracking a rise in crude oil prices after a slump to near 11-year lows in the previous session triggered investors' buying appetite.The broader Nifty ended 0.66 percent higher while the benchmark BSE Sensex ended up 0.68 percent.Reliance Industries' shares advanced 2.2 percent in the session, rising for a fourth straight day.
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The market has opened flat. The Sensex is up 22.40 points or at 25172.75 and the Nifty is up 9.35 points at 7659.40. About 321 shares have advanced, 110 shares declined, and 34 shares are unchanged. Sun Pharma, Hindalco, Tata Steel, Coal India and Maruti are top gainers while Cipla, ICICI Bank, ITC, HDFC Bank and Tata Motors are down in the Sensex.
Sun Pharma was the top Nifty gainer, up 1.4 per cent at Rs 779. Cairn India, Adani Ports, UltraTech Cement, Zee Entertainment, Dr Reddy's Labs and HUL were also among the gainers. On the other hand, Idea Cellular was the top loser, down 1 per cent at Rs 133.50. ICICI Bank, Punjab National Bank, Coal India, Tata Motors, Ambuja Cements and ITC were also among the laggards.
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The S&P BSE Sensex started on a cautious note with a negative bias on Tuesday following muted trend seen in other Asian markets and losses seen in index heavyweights such as ICICI Bank, Tata Motors, ITC, HDFC and TCS. The Nifty50 managed to hold 7,650 level, supported by gains in oil & gas, metal, consumer durables, metal and capital goods stocks.
Indian shares ended higher on Monday after touching a more than three-month low earlier in the session as private banks recovered from recent losses, but sentiment was muted ahead of the U.S. Federal Reserve meeting later this week.The broader Nifty ended 0.52 percent higher after falling as much as 0.78 percent earlier in the day to its lowest level since Sept. 8.
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The market has kickstarted the week lower. This week, the Fed is likely to hike interest rates for the first time in nine years, following strong macro data in the world's largest economy recently. The Sensex is down 170.63 points or 0.7 percent at 24873.80 and the Nifty down 54.75 points or 0.7 percent at 7555.70. About 192 shares have advanced, 335 shares declined, and 66 shares are unchanged. GAIL, Hero MotoCorp, Maruti, HUL and Sun Pharma are top gainers while Tata Motors, TCS, M&M, ONGC and Axis Bank are among losers in the Sensex.
TCS shares are likely to come under pressure after the IT major on Friday said that floods in Chennai are expected to have a "material impact" on TCS' current quarter revenues. However, analysts say that the losses in the shares could be capped as the October-December quarter is usually a weak quarter for the Indian IT players.
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Weakness across Asian markets and a 2 per cent drop in the US market in Friday's trade are likely to weigh in on the domestic sentiment when the equity market resumes trade on Monday.Volatility may surge ahead of the November wholesale and consumer price inflation data scheduled for release later in the day, while some investors may opt for lightening positions ahead of the US Fed Reserve's two-day rate-setting meeting that begins on Tuesday.
Asian stocks fell on Monday and China's yuan hit fresh 4-1/2 year lows as plunging oil prices added to investors' nervousness about riskier assets ahead of an expected U.S. rate rise by the Federal Reserve later in the week.The People's Bank of China (PBOC) on Monday continued guiding the currency lower, setting the yuan/dollar official midpoint at its weakest since July 2011.
The Sensex jumped 140.23 points or 0.54 percent to 25978.94 and the Nifty climbed 40.30 points or 0.51 percent to 7901.35. About 1327 shares have advanced, 489 shares declined, and 118 shares are unchanged on the BSE. 9:45 am Buzzing: Shares of SMS Pharmaceuticals climbed 11.8 percent intraday on getting approval from the US health regulator for one its unit in Andhra Pradesh. "SMS has received approval from the US Food and Drug Administration (USFDA) for manufacturing facility (unit 7) located at Kandivalasa village, Pusapatirega Mandal, Vizianagaram distict, Andhra Pradesh," says the Telangana-based pharma company in its filing. 
