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Closing bell
Domestic indices closed lower, snapping a two-day winning run, due to weak global cues, sustained FII selling and weakening of rupee to a 13-month low of 66.83 against the dollar. Traders were also wary ahead of April month derivatives expiry tomorrow.
The Sensex closed lower by 115.37 points or 0.33 per cent at 34,501.27 and the Nifty ended down by 43.8 points or 0.41 per cent at 10,570.55.
Barring IT, TECk and realty, all other BSE sectoral indices ended in the negative zone.
Top five Sensex gainers were Bharti Airtel, TCS, M&M, Infosys and PowerGrid, while the major losers were Tata Steel, ICICI Bank, ONGC, Dr Reddy's and IndusInd Bank.
Meanwhile, on a net basis, foreign portfolio investors had sold shares worth Rs 680.99 crore, while domestic institutional investors bought shares worth Rs 508.55 crore yesterday.
Global markets
World shares were on their longest losing streak of the year today, as a rise in US bond yields above 3 per cent and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked. Read more
Commodity weekly outlook
The near-term view will remain negative as long as the contract trades below ₹956. A fall to ₹910 or ₹900 is likely in the near term. Read more
Bullion prices
Gold surged by Rs 225 to Rs 32,450 per ten gram as domestic jewellers upped their buying to meet the wedding season demand even as the metal weakened overseas. Read more
The refineries are responding to the problem with technology like tamper-proof ink and microsurface scans.
Decoding annuity options in NPS
The National Pension System has become one of the preferred retirement options in India,With a wide range of investment options and choice of pension fund managers, the NPS helps subscribers accumulate a healthy retirement corpus during their working life. Read more
L&T Infotech
L&T Infotech is an IT company in the $1-billion revenue club that has grown consistently at 3-4 percentage points faster than the industry rate over the past few years. Little wonder then that the stock’s value has almost doubled over the last year. Read more
Sundaram Finance
Over the past year, the value unlocking opportunity from the company’s decision to carve out its non-financial services business into a separate listed entity — Sundaram Finance Holdings Ltd — has also drawn investors. The stock price has gone up by 31 per cent since last February, when the board approved the demerger scheme. Read more
Jute MSP hiked
The government has increased the minimum support price of raw jute by Rs 200 per quintal to Rs 3,700 per quintal for the 2018-19 crop season. Read more
The Sensex plunged nearly 180 points in the mid-session on heavy selling in metal, oil & gas, capital goods and banking stocks. Weak global cues, continued FII selling and the rupee's weakness dampened the domestic sentiment. Also, investors remained wary ahead of April F&O expiry on Thursday.
The BSE index was trading down 177.31 points or 0.51 per cent at 34,439.33 and the Nifty down 63 points or 0.59 per cent at 10,551.35.
Barring IT, TECk and realty, all other BSE sectoral indices were trading in the negative zone.
Top five Sensex gainers were Bharti Airtel, TCS, Coal India, M&M and YES Bank, while the major losers were ICICI Bank, Tata Steel, ONGC, Maruti and L&T.
Meanwhile, on a net basis, foreign portfolio investors had sold shares worth Rs 680.99 crore, while domestic institutional investors bought shares worth Rs 508.55 crore yesterday.
Top 10 Nifty gainers
Top 10 Nifty losers
BSE sectoral indices
Sensex gainers, losers
Domestic shares edged down today, paring gains of nearly 5 per cent this month, as investors booked profits amid weakened global sentiment.
The BSE index was trading down by 51.15 points or 0.15 per cent at 34,565.49 and the NSE index down 23.7 points or 0.22 per cent at 10,590.65.
Brokers said sentiment turned weak on sustained capital outflows by foreign funds amid a weak trend in other Asian markets following overnight weakness at Wall Street after the 10-year treasury yield briefly touched the 3 per cent level for the first time in four years.
Also, investors turned wary ahead of April derivatives expiry tomorrow.
“Global perspective is making investors nervous. Investors are taking profits from the table,” said Saurabh Jain, AVP research at SMC Global Securities.
Asian shares fell as a rise in US bond yields to 3 percent and warnings from bellwether US companies of higher costs drove fears that corporate earnings growth may peak soon.
Airtel to evaluate stake sale in new co
Bharti Airtel today said it will engage with potential investors to evaluate a strategic stake sale in the new tower company, after the merger of Bharti Infratel and Indus Towers is completed. Read more
Videocon approaches NCLT
Debt-ridden Videocon Group today approached the principal Bench of NCLT requesting it to direct all insolvency cases, filed by its lenders against seven group companies at different courts of Mumbai Bench, to be heard together. Read more
Gold falls to $1,329.04/ounce
Spot gold was down 0.1 per cent at $1,329.04 per ounce at 0335 GMT. The yellow metal rose 0.5 per cent on Tuesday to break a three-session losing streak. Read more
GDP growth forecast
Indian economy is expected to witness a cyclical recovery driven by investments as well as consumption, and the average GDP growth is expected to rise to 7.8 per cent in the first half of this year. Read more
Rupee slumps to 13-month low
The rupee weakened to a fresh 13-month low of 66.65 on bouts of month-end dollar demand from importers, volatility in crude prices and rising US bond yields. Read more
Dollar edges up
The dollar inched up, approaching its recent four-month high as the US 10-year bond yield poked above 3 per cent to hit its highest level since early 2014. The dollar index against a basket of six major currencies rose 0.1 per cent to 90.844. Read more
Crude oil remains stable
Brent crude oil futures were at $73.89 per barrel at 0455 GMT, up 3 cents from their last close but around $1.60 below the November-2014 high of $75.47 a barrel reached the previous day. Read more
Manipal Hospitals raises offer
Manipal Hospitals Enterprises Pvt Ltd has raised its offer for rival Fortis Healthcare Ltd for the second time in a month, now valuing Fortis’ hospital business about 4 per cent more than it had earlier. Fortis Healthcare shares were trading up by 0.07 per cent at Rs 151.65. Read more
Pre-noon trade
The Sensex was trading down by nearly 100 points on sustained capital outflows by foreign funds amid a weak trend in other Asian markets. Traders also remained cautious ahead of April derivatives expiry tomorrow.
The BSE index was down 90.13 points or 0.26 per cent at 34,526.51 and the NSE index down 32.05 points or 0.3 per cent at 10,582.30.
Metal index fell the most followed by capital goods, power and oil & gas. On the other hand, IT, TECK and realty remained investors' favourite.
Top five Sensex gainers were Bharti Airtel, Wipro, TCS, Infosys and YES Bank, while the major losers were NTPC, ONGC, Tata Steel, Dr Reddy's and L&T.
Indus Towers, Bharti Infratel merger
Bharti Airtel, Idea Cellular and Vodafone Group have agreed to merge Vodafone’s, Idea Group’s and Providence Equity Partners’ respective shareholdings in Indus Towers into Bharti Infratel creating a combined company that will own 100 per cent of Indus Towers. Read more
11.30 am
Airtel shares jump nearly 5%
Shares of Bharti Airtel jumped as much as 4.71 per cent to 425.40, their highest in nearly a month, as Q4 metrics surprised analysts. Read more
11.15 am
Asian markets
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.7 per cent to its lowest in almost three weeks, with tech-heavy Taiwan shares hitting two-month lows on worries about slowing semi-conductor demand. Read more
What to watch
Wipro and UltraTech Cement are among a dozen companies that will declare their quarter and full-year results for the period ended March 2018 today. Wipro shares were trading up by 1.83 per cent at Rs 182.30. Read more
Wipro says the client insolvency petition is likely to see an impact on profitability at the net income level in the range of 65-75 basis points of the consolidated revenues for the quarter ended March 31, 2018.
10.55 am
Sensex gainers, losers
Rupee weakens to 66.59
The rupee depreciated 21 paise to 66.59 against the US dollar due to strengthening of the dollar against other currencies overseas, rising US bond yields and a surge in global crude oil prices. Read more
The Sensex was trading down by 58.25 points or 0.16 per cent at 34,558.39 and the Nifty down 24 points or 0.23 per cent at 10,590.35.
Brokers said the domestic sentiment turned weak on sustained capital outflows by foreign funds amid a weak trend in other Asian markets following overnight weakness at Wall Street after the 10-year treasury yield briefly touched the 3 per cent level for the first time in four years.
Traders were also cautious ahead of April derivatives expiry due tomorrow.
Meanwhile, on a net basis, foreign portfolio investors had sold shares worth Rs 680.99 crore, while domestic institutional investors bought shares worth Rs 508.55 crore yesterday, provisional data showed.
10.30 am
What to watch
GMR gets ₹1,471-crore refund for Delhi International Airport. The company shares were trading down by 1.43 per cent at Rs 20.65. Read more
What to watch
Shares of JB Chemicals & Pharmaceuticals will remain in focus, as it received revocation order from the pollution control board. The stock was up 1.99 per cent at Rs 312.85 on the BSE. Read more
Dr Reddy’s Laboratories has received an establishment inspection report from the US health regulator following audit of its UK facility. The company shares were trading 0.64 per cent at Rs 2,142,50. Read more
RPP Infra Projects has bagged an ₹83.7-crore order from Kerala Infrastructure and Technology for Education. The company shares were trading down by 1.89 per cent at Rs 270 on the BSE. Read more
STT & 10% LTCG tax
The Central Board of Direct Taxes has embarked on wider consultations on a Union Budget move relating to a 10 per cent long-term capital gains tax on equity shares and units of equity-oriented mutual funds. Read more
BFIL, IndusInd Bank merger
The merger of Bharat Financial Inclusion with IndusInd Bank will take six-nine months for closure. The transaction has already received the approval of Reserve Bank of India and Competition Commission of India. Read more
Day Trading Guide
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1936 • HDFC Bank
₹1153 • Infosys
Click here to view the full guide
9.30 am
Today's stock pick
Advanced Enzyme Technologies (₹248.1)
Investors with a short-term perspective can buy the stock of Advanced Enzyme Technologies at current levels. After a medium-term downtrend from the key resistance level of ₹320, the stock found support at its 52-week low of ₹207 in late March this year. Read more
Broker's call
Prabhudas Lilladher
LIC Housing (Accumulate)
CMP: ₹543
Target: ₹649
Benchmark indices slipped into the negative territory after opening on a flat note. The Sensex fell 42.46 points or 0.12 per cent at 34,574.18 and Nifty shed 17.55 points or 0.17 per cent to 10,596.80.
9.05 am
Pre-open trade
Benchmark indices opened the session on a flat note. The Sensex opened up by23.47 points or 0.07 per cent at 34,593.17 and the Nifty down 1.95 points or 0.02 per cent at 10,612.40.
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