If you are reading this, chances are theSensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. That’s probably the reason why you are on this page, where we try to capture every action — big or small — from the listed universe of India Inc; be itlargecap, midcap or smallcap. Plus, we keep you up-to-date on anything that may move your market.
Stay with us to stay updated!
@10.53 AM: Fresh Call writing was seen at strike prices 8,100 (7.04 contracts added) and 8,200 (1.8 contracts added), which will act as key resistance for Nifty50. Put unwinding at strike prices 8,100, 8,200, 8,300 and 8,500 has reflected a bearish undertone in the absence of any meaningful Put writing. It looks like the Put writers are covering their positions. Read more
@10.35 AM: Shares of Deepak Fertilisers surged over 7 per cent after the Ministry of Chemical and Fertilizers agreed to release Rs 485 crore of subsidies to the company. The Department of Fertilisers has been withholding subsidies worth Rs 785 crore, the company said in a regulatory filing. The stock has gained a per cent in the year so far. Live chart here
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@10.10 AM: When analysts put so much emphasis on earnings growth for the market to show strength, they have a point. Data collated by ETMarkets.com showed that whenever there has been double-digit growth in earnings, the Sensex has rallied nearly 20 to 77 per cent in four out of six times. The bulls can’t stay away from D-Street for long: Here is why
@9.55 AM: Bharti Airtel (down 0.85 per cent), HDFC Bank (down 0.47 per cent), Bajaj Auto (down 0.45 per cent), and NTPC (down 0.4 per cent) are top Sensex losers.
@9.40 AM: GAIL (up 1.7 per cent), SBI (up 1.3 per cent), ICICI Bank (up 1.2 per cent) and Adani Ports (up 1.2 per cent) are major Sensex gainers.
@9.30 AM: 34 out of 51 Nifty50 stocks advance in trade.
@9.25 AM: The S&P bse Midcap Index is up 0.28 per cent and BSE S&P Smallcap Index is trading 0.50 per cent higher.
OPENING BELL: Sensex, Nifty50 flat ahead of Fed meet; PNB, SBI, DLF surge 2% each; KPIT slips 5%. Read more
@9.00 AM: Pre-open session: Sensex opens 83 points higher, Nifty50 at 8,145 level
@8.55 AM: Market outlook: The domestic equity indices are likely to open on a weak note on Tuesday, following an overnight steep fall in US stocks ahead of the two-day Fed policy review and amid rising chances of a possible vote in favour of Brexit next week.
Meanwhile, Nifty50 futures on the Singapore Stock Exchange were trading 16 points lower at 8,112.50, also indicating a negative opening for the domestic market.
@8.45 AM: This is what is happening in Asia ….
@8.35 AM: And here’s what happened in the US markets:
Meanwhile, this is what happened in the European markets:
@8.30 AM: And in the financial markets yesterday…
Rupee down : Extending losses against the US dollar for the third day, the rupee plunged by 38 paise yesterday to hit one-week low of 67.14 on persistent demand for the American currency from banks and importers in view of sharp fall in domestic equities.
Bonds down: Government bonds (G-Secs) declined following selling pressure from banks and corporates banks. The 7.59% G-Secs maturing in 2026 fell to Rs 100.43 from Rs 100.6550 previously, while its yield rose to 7.52% from 7.49%. The 7.88% G-Secs maturing in 2030 dipped to Rs 100.7050 from Rs 100.9150, while its yield gained to 7.79% from 7.77%. The 7.59% G-Secs maturing in 2029 dropped to Rs 98.76 as against Rs 99.0250, while its yield climbed to 7.74% from 7.71%. The 8.27% G-Secs maturing in 2020, the 7.68% G-Secs maturing in 2023 and the 7.35% G-Secs maturing in 2024 were also quoted lower to Rs 103.1675, Rs 100.25 and Rs 98.27, respectively.
Call rates up: The overnight call money rates ended higher at 6.50 per cent from last Friday’s closing level of 6.00 after moving in a range of 6.60 per cent and 6.20 per cent.
Liquidity: The Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 2945 crore in 5-bids at the overnight repo auction at a fixed rate of 6.50 per cent, this evening. While it sold securities worth Rs 17699 crore from 64-bids at the 3-day reverse repo auction at a fixed rate of 6.00 per cent as on June 10.
@8.25 AM: Here goes a recap of how Sensex ended yesterday….
@8.20 AM: Here are all small and big stories that might affect your market today:
► PI inflation for May ticked higher to hit a 21-month high, touching 5.79 per cent from 5.39 per cent, data released later on Monday showed.
► Microsoft shocked the tech and financial world overnight by announcing a $26.2 billion acquisition of LinkedIn, which is $7 billion more than what Facebook had paid for WhatsApp.
► The stressed banking counter would be breathing easy on Dalal Street this morning after the Reserve Bank of India on Monday relaxed guidelines for restructuring large stressed loans, allowing banks to manage bad loans more effectively.
► At its 27th Web Developers Conference, Apple released its flagship mobile software, iOS’ 10th version.
► Crude oil glut, that is. Opec, the cartel of oil exporting countries, that controls 40 per cent of world’s oil believes the oil market will find its right balance in the second half of the year as disruptions in Canada and Nigeria weigh in.
► Speed trading or algorithmic trading is about to change forever, if Sebi has its way. Accused of being biased towards some algorithmic traders, Sebi is set to come out with fresh guidelines on issues like speed breakers, restricting tick-by-tick data and bunching of orders.
@8.15 AM: And here are some Buy/Sell ideas to begin your trading day…