10:40 a.m.: Shares of property developers outperformed the broader stock markets on Friday, with the sub-index of realty stocks on the Bombay Stock Exchange gaining 3 per cent against 0.5 per cent rise in the broader Sensex.
DLF, India’s biggest listed developer, traded 4 per cent higher, while Mumbai-based Oberoi Realty advanced 3 per cent. Prestige Estates, Phoenix Mills, HDIL, Sobha, Unitech, DB Realty, etc. traded over 2 per cent higher.(Read)
10:34 a.m.: Buying visible across the board. All the sectoral indices were trading higher with BSE realty index leading the sectoral pack, up 2.6 per cent. It was followed by oil & gas, FMCG, banking, power and capital goods indices.
10:06 a.m.: The market breadth was positive as 1,152 stocks were advancing while 491 were declining.
10:00 a.m.: M&M Financial Services was the top gainer from the mid-cap space, up 2.7 per cent to Rs 235. Kansai Nerolac, Marico, Torrent Power, Piramal Enterprises and Oberoi Realty were also among the gainers, up 2-2.4 per cent each.
9:51 a.m.: Expect RBI to cut interest rates in April, says Samir Arora.
9:49 a.m.: Global easing is intact and it is positive for markets, but there will not be a runaway rally, says Samir Arora, fund manager with Helios Capital.
9:45 a.m.: Broader markets were trading in line with the benchmark indices. The BSE mid-cap and small-cap indices were up 0.4 per cent.
9:41 a.m.: Buying emerged across sectors. Oil & gas, capital goods, realty, IT and banking indices advanced 0.5-3 per cent each.
9:37 a.m.: The stock markets moved higher after a choppy start on the back of buying in index heavyweight Reliance Industries, HDFC Bank, Axis Bank and Larsen & Toubro. The Sensex advanced as much as 125 points to 24,749 and Nifty rose 39 points to 7,525.
9:29 a.m.: Selling pressure was visible in select banking, metal and pharma stocks. On the other hand, realty and oil & gas stocks were witnessing some buying interest.
From the Nifty-50 basket of stocks, 29 were advancing while 21 were declining.
BPCL, Adani Ports, Coal India, NTPC, Reliance Industries and Axis Bank were among the gainers. On the other hand, Sun Pharma, ICICI Bank, Power Grid, M&M, Tata Steel, BHEL, Vedanta and Bharti Airtel were among the losers.
9:17 a.m.: The Sensex and Nifty opened on a flat note in trades today tracking subdued global cues after the European Central Bank eased aggressively but suggested it was running out of room to cut interest rates, even if other stimulus options remained.
The Sensex jumped as much as 62 points to 24,685 and the Nifty touched high of 7,505. But the indices soon turned flat with a negative bias.
As of 9:22 a.m., the Sensex was down 9 points at 24,614 and Nifty was at 7,485, down 1 point.
8:10 a.m.: The Sensex and Nifty are likely to open on a flat note tracking subdued trading of Nifty futures on the Singapore Stock Exchange amid weak global cues.
The Nifty futures traded on Singapore Exchange also known as the SGX Nifty was up 0.01 per cent or 0.5 points at 7,488.
Meanwhile, other Asian markets were also trading on a subdued note. China’s Shanghai Composite was down 0.87 per cent, Japan’s Nikkei fell 0.9 per cent and Hong Kong’s Hang Seng was up 0.05 per cent after the European Central Bank eased aggressively but suggested it was running out of room to cut interest rates, even if other stimulus options remained.
Overnight, US stock indexes ended a volatile session little changed on Thursday after the European Central Bank reduced interest rates but ECB chief Mario Draghi confounded investors who expected multiple rate cuts by saying more were unlikely.
The Dow Jones industrial average fell 5.23 points, or 0.03 per cent, to 16,995.13, the S&P 500 gained 0.31 points, or 0.02 per cent, to 1,989.57 and the Nasdaq Composite dropped 12.22 points, or 0.26 per cent, to 4,662.16.
US jobless claims fell more than expected last week to their lowest levels since October, pointing to sustained strength in the labour market that should further dispel fears of a recession.
Back home, foreign institutional investors bought shares worth Rs 1,063.11 crore while domestic institutional investors sold shares worth Rs 598 crore on Thursday.