EntMnt Xclusive Stock Market Updates & Discussions

Technoglitch

Core Member
The Sensex and the Nifty were trading marginally higher as participants cut down risky bets in view of the January derivatives expiry amid a lacklustre trend in the global markets.

Domestic sentiment was also hit as the rupee hit a fresh 29-month low of 68.19 in early trade.

At 1.40 p.m., the 30-share BSE index Sensex was up 25.98 points or 0.11 per cent at 24,518.37 and the 50-share NSE index Nifty was up 11.25 points or 0.15 per cent at 7,449.

Among BSE sectoral indices, FMCG index gained the most by 1.37 per cent, followed by power 0.85 per cent, healthcare 0.76 per cent and oil & gas 0.63 per cent. On the other hand, capital goods index was down 0.78 per cent, followed by realty 0.65 per cent, TECk 0.33 per cent and consumer durables 0.2 per cent.

Top five Sensex gainers were M&M (+2.42%), HUL (+2.21%), ITC (+2.18%), Dr Reddy's (+1.66%) and Sun Pharma (+1.36%),while the major losers were Bharti Airtel (-1.68%), L&T (-1.65%), Adani Ports (-1.56%), BHEL (-1.33%) and HDFC (-1.33%).

Early trade

The 30-share barometer fell 91.87 points or 0.37 per cent to 24,400.52 in early trade. The gauge had gained 530.18 points in the previous straight three sessions.

The NSE Nifty too declined 28.15 points or 0.37 per cent to 7,409.60.

Today being the last trading session of the January futures and options expiry, winding-up of positions and profit-booking in select stocks took their toll.

Global markets

European shares were seen opening lower on Thursday after a choppy session in Asia and overnight losses at Wall Street with some traders saying the Federal Reserve was less dovish than expected following its anticipated decision to leave interest rates unchanged.

Asian shares pushed back into the black on Thursday as investors dipped their toes back into equities and demand for safe haven assets such as the yen and sovereign bonds faded.

After starting weaker, MSCI’s broadest index of Asia-Pacific shares outside Japan swung 0.4 per cent firmer in very choppy trade.

Wall Street stocks and the dollar fell on Wednesday as the Federal Reserve held US interest rates unchanged, as expected, and said it was closely monitoring global economic and financial developments

Sensex trading flat; FMCG, power stocks major gainers | Business Line
 

Technoglitch

Core Member
The benchmark BSE Sensex rallied about 154 points to 24,623.56 in early session on Friday on fresh buying push from investors as the February derivatives series was off to a solid start amid positive Asian cues.

The 30-share Sensex, which lost 22.82 points in the previous choppy session, recouped 153.99 points, or 0.62 per cent, at 24,623.56.

Except banking, all sectoral indices of BSE led by consumer durables, metal and oil and gas were in the positive zone, rising by up to 1.85 per cent.

The NSE Nifty jumped 54.35 points, or 0.73 per cent, to 7,479.

Brokers said build-up of bets following the beginning of the February futures and options (F&O) series led to the rebound.

A firming trend at other Asian markets led by Japan after the Bank of Japan surprised markets by announcing a negative interest rate policy buoyed sentiment here too, they said.

However, shares of ICICI Bank and Maruti Suzuki fell 3.86 per cent 1.72 per cent, respectively, dragged down by muted third quarter earnings announced after trading hours yesterday.

Japan’s Nikkei climbed 3.21 per cent, Shanghai Composite rose 2 per cent while Hong Kong’s Hang Seng was up 2.05 per cent in early trade.

The US markets ended 0.79 per cent higher in yesterday’s trade on higher oil prices and strong corporate earnings.


Sensex soars as February F&O series takes off in style - The Hindu
 

Technoglitch

Core Member
The Sensex and the Nifty were trading near flat as investors remained cautious ahead of RBI monetary policy review on Tuesday.

At 1.20 p.m., the 30-share BSE index Sensex was up 38.54 points or 0.15 per cent at 24,909.23 and the 50-share NSE index Nifty was up 13 points or 0.17 per cent at 7,576.55.

Among BSE sectoral indices, capital goods index was up 1.09 per cent, followed by FMCG 0.84 per cent, TECk 0.74 per cent and IT 0.71 per cent. On the other hand, banking index fell the most by 0.85 per cent, followed by PSU 0.51 per cent, power 0.23 per cent and auto 0.22 per cent.

Top five Sensex gainers were Adani Ports (+3.53%), Cipla (+2.8%), Asian Paints (+2.03%), L&T (+1.81%) and HDFC Bank (+1.6%), while the major losers were ICICI Bank (-3.74%), Maruti (-3.65%), State Bank of India (-3.17%), Axis Bank (-2.24%) and HUL (-1.52%).

A report by SMC Global said: "Asian stocks climbed and Japanese bond yields tumbled as the impact of the Bank of Japan's surprise stimulus move continued to be felt across financial markets. US stocks closed more than 2 per cent on Friday, the last trading day of January, after the Bank of Japan unexpectedly adopted a negative interest rate policy for the first time. US economic growth saw a notable slowdown in the last three months of 2015, according to a report released by the Commerce Department. The report said real gross domestic product increased by 0.7 per cent in the fourth quarter compared to the 2.0 per cent growth reported for the third quarter. Economists had expected GDP to rise by about 0.8 per cent."

Foreign portfolio investors (FPIs) bought shares worth Rs. 571.70 crores last Friday, as per provisional data released by the stock exchanges.

European equity futures rose on Monday, buoyed by gains in most Asian markets although further signs of economic weakness in China and a fall in oil prices were set to keep markets under pressure.

Futures for the Euro STOXX 50, Germany's DAX, France's CAC and Britain's FTSE were all up by 0.1-0.5 percent.

Asian stocks started a new month on a cautious note on Monday, with the Bank of Japan's surprise policy easing sparking some buying, although Chinese shares fell.

Chinese shares stumbled lower on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite from the economic drift that has dogged markets for months.

Sensex down 68 points as traders remain wary of RBI monetary policy | Business Line
 
Top