Bearish patterns on India's NSE index increasing probabilities of declines till 7,200 level.Bearish head-and-shoulder and cross of 50 DMA from above of 200 DMA worries investors.
The 50-share index broke its psychologically important 8,000 level on Thursday for the first time since Oct.21.FIIs remain sellers amid worries a likely weak monsoon may delay key reforms and further rate cuts.The broader index is down nearly 13 percent from its record high hit in March.
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India is expected to release trade data for May between June 8 and June 19. There is no fixed time or date for the data release.India due to release consumer inflation data and factory output.Reserve Bank of India to release weekly foreign exchange reserves and bi-weekly bank credit data.
The market has opened flat on Friday after sharp cut seen yesterday. The Sensex is down 15.84 points at 26355.14 and the Nifty is down 10.15 points at 7955.20. About 383 shares have advanced, 578 shares declined, and 75 shares are unchanged.
Indian data on Friday is expected to paint a grim picture of the economy and could reinforce doubts about the health of the world's fastest growing major economy.
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The S&P BSE Sensex surged as much as 159 points in trade on Thursday.
Power utility company CESC Ltd rises as much as 1.6 pct to over 1-week high.Barclays starts coverage with an "overweight" rating, and a target of 629 rupees.Says current valuations have discounted the coal block deallocation in Sept 2014.Stock trading at 11 times of 1-year forward earnings.
The market gained further on Thursday morning with the Sensex rising 118.08 points to 26958.58 and the Nifty climbing 28.30 points to 8152.75. About 512 shares have advanced, 102 shares declined, and 66 shares are unchanged on the BSE. ICICI Bank, Sun Pharma, Vedanta, Axis Bank, Hero Motocorp and Ambuja Cements gained 1-1.5 percent while Tata Motors, Tata Steel, NTPC, HDFC Bank, GAIL, Cairn India, HCL Technologies, Tech Mahindra and Dr Reddy's Labs were top losers in early trade.
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The markets have opened on a positive note in trades on Wednesday on the back of buying visible across the sectors. The Sensex jumped 239 points to 26,720 and the 50-share Nifty was trading close to its psychological level of 8,100.
Buying was visible across the sectors. Realty, banking, power, capital goods and pharma stocks were among the top performers in the morning deals.India is expected to release trade data for May between June 8-June 19.
There is no fixed time or date for the data release.India's central bank is due to release the current account data for January-March sometime this week.India's central bank to release bi-weekly money supply data during the day.
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After sharp cuts on Monday, the market has opened flat today. The Sensex is down 46.89 points at 26476.20 and the Nifty is down 18.35 points at 8025.80. About 244 shares have advanced, 283 shares declined, and 77 shares are unchanged. Tata Steel, Cipla, ITC, Sun Pharma and Reliance are top gainers in the Sensex. Among the gainers are GAIL, M&M, Vedanta, Hero and Hindalco.
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Indian markets are expected to trade in a range on Tuesday tracking muted trend seen in other Asian markets.
"We have been upholding our downside target for Nifty at 8000 for nearly a month and now it's on verge of testing the same. But, the way markets have slid in last one week, possibility of deeper correction can't be ruled out.
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India is expected to release trade data for May between June 8-June 19. There is no fixed time or date for the data
release.India's central bank is due to release the current account data for January-March sometime this week.
The Reserve Bank of India said banks that decide to recast a company's debt under the so-called "strategic debt
restructuring" (SDR) scheme must hold 51 percent or more of the equity after the debt-for-share conversion.
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The Sensex is down 120.01 points at 26648.48, and the Nifty is down 50.40 points or 0.6 percent at 8064.30. About 596 shares have advanced, 688 shares declined, and 101 shares are unchanged. Sun TV is down 26 percent while Tata Motors, Cipla, BHEL, HDFC and HUL are major laggards in the Sensex.
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The S&P BSE Sensex opened the day at 26,810.98, up 42.49 points. The broader 50-share Nifty opened the session at 8,114.7, down 15.95 points. Sun TV plunged nearly 28% after MHA denied security clearance to 33 channels of the network.
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India central bank to release current account data for the year along with quarterly numbers for current account, balance of payments and capital flows.India due to release trade data for May between June 8 and June 19.
An index of Asian shares slipped on Monday, while the dollar stuck close to a 13-year high against the yen hit after upbeat U.S. employment data raised bets that the U.S. central bank would raise interest rates as early as September.
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The market started its June series on a flat note on Friday. The Sensex gained 13.43 points at 27520.14 and the Nifty rose 1.65 points to 8320.65. About 429 shares have advanced, 206 shares declined, and 74 shares are unchanged on the BSE. Sun Pharma was up 0.8 percent while Mahindra & Mahindra fell 0.9 percent ahead of March quarter earnings today. ICICI Bank, Tata Steel, HDFC, Bharti Airtel, BPCL, UltraTech Cement, Tech Mahindra and Grasim gained 0.6-2 percent.
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The S&P BSE Sensex started on a cautious note in trade on Friday, following muted trend seen in other Asian markets. The index was trading with a negative bias, led by losses in ONGC, Infosys, M&M and BHEL.
The 50-share Nifty index turned choppy after starting on a firm note, weighed down by losses in IT, power, oil & gas and realty stocks.
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India's main BSE share index ended down 0.21 percent at 27,506.71 on Thursday, while the broader NSE index closed down 0.19 percent at 8,319.00, falling for a fourth straight day in a volatile session ahead of the expiry of monthly derivatives contracts while growing concerns over lacklustre corporate earnings also hurt sentiment.
The benchmark five-year swap rate closed steady at 7.11 percent while the one-year rate ended down 1 basis point at 7.48 percent.
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The market started off expiry day on a positive note. The Sensex gained 96.48 points at 27661.14 and the Nifty rose 25.60 points to 8360.20. About 537 shares have advanced, 211 shares declined, and 63 shares are unchanged on the BSE. Tata Motors, ONGC, Infosys, Bharti Airtel, HDFC, Tech Mahindra and BPCL gained 0.7-1.7 percent while GAIL, M&M, Dr Reddys Labs, SBI, Hindalco, HCL Tech and PNB lost 0.4-2 percent.
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The S&P BSE Sensex rose as much as 100.96 points in trade on Thursday ahead of F&O expiry due today. The rise in the index was led by gains in Infosys, HDFC, Tata Motors, ICICI Bank and ONGC.
The 50-share Nifty index also gained over 20 points to reclaim its crucial psychological level of 8350, supported by gains in consumer durable, IT, pharma, auto and oil & gas stocks.
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India tipped to overtake China in Modi's first year despite sluggish feel.FACTBOX-How low can they go? Central bank policy easing in 2015.India cbank to set underwriting fees for Friday's 160 billion rupees bond auction Bank of India chair V.R. Iyer at fourth-quarter earnings conference at 2:15 pm India time.
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The market has opened on a weak note dragged by poor March quarter corporate earnings of key companies. The Sensex is down 138.45 points or 0.5 percent at 27392.96, and the Nifty is down 53.05 points or 0.6 percent at 8286.30.
About 195 shares have advanced, 448 shares declined, and 70 shares are unchanged. Tata Motors tanks 6 percent while Dr Reddy's Labs, Wipro, M&M and Vedanta are major laggrds. BHEL is up 1 percent.Sun Pharma, Bharti Airtel, ITC and ONGC are top gainers in the Sensex.
The S&P BSE Sensex plunged as much as 156 points in trade on Wednesday, led by losses in Tata Motors, HDFC, ICICI Bank, Infosys and M&M.
The 50-share Nifty index plunged over 50 points to break below its crucial psychological support level of 8300, weighed down by losses in IT, auto, realty and consumer durable stocks.
The 30-share index was at 27,373 down 158 points or 0.58 per cent. It touched a high of 27,447.50 and a low of 27,367.19 in trade today.
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Tata Motors net profit down 56 pct as Jaguar Land Rover Chinese sales drop.Indian Prime Minister Narendra Modi urges farmers to boost output, skirts issue of rural distress.India to release money supply, reserve money data.India cbank to auction 91-day and 364-day treasury bills for 150 billion rupees.
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The market has opened flat as the Sensex is down 13.63 points at 27630.25. The Nifty is up 7.40 points at 8377.65. About 274 shares have advanced, 151 shares declined, and 69 shares are unchanged. SBI, Wipro, Vedanta, Hero and GAIL are top gainers in the Sensex. Among the losers are HDFC, BHEL, Axis Bank, NTPC and Sun Pharma.
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