LIVE MARKET UPDATE

Thursday 24 December 2015

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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."

Wednesday 23 December 2015

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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.

Tuesday 22 December 2015

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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.

Monday 21 December 2015

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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.