Stock Trading - Budget Day After Nearly 850-Point Swing By CapitalHeight

Stock Trading News :- Capital goods and IT indices fell over 2 per cent each. From the capital goods space, BHEL, Kalpatru Power, Mahindra CIE, Larsen & Toubro, Solar Industries and Sterlite Technologies were among the losers.3:13 p.m.: ONGC was the top loser in the Nifty, the stock fell 9.8 per cent to Rs. 194.90 after the government increased oil industries development cess on domestically produced crude oil to 20 per cent from existing Rs. 4,500 million tonnes. Maruti Suzuki, BHEL, Cairn India, Infosys and Axis Bank were also among the losers, down 3-5 per cent each.3:05 p.m.: The market breadth is negative as 1,313 stocks decline while 1,053 stocks advance.2:55 p.m.: The volatile stock markets which recovered in the noon deals were again witnessing selling pressure. The BSE Sensex was down 131 points at 23,023 and Nifty fell 36 points to 6,993.2:41 p.m.: IDBI Bank shares rallied as much as 16.5 per cent to Rs. 64.80 after the finance minister proposed to cut government's stake in the bank in the Union Budget 2016.2:24 p.m.: The stock markets turned flat. The Sensex was up 12 points at 23,166 and Nifty was up 9 points at 7,039.2:09 p.m.: From the metal space, Tata Steel was the top gainer, up 3.86 per cent to Rs. 258. Vedanta, JSW Steel, NMDC, SAIL India, Nalco and Jindal Steel were also among the gainers.

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Stock Nifty News of Budget Announcements By CapitalHeight

Stock Trading News :- 9.30 a.m.: PSU banks gain on expectation of capital infusion from government. NSE's sub-index for PSU banks rose nearly two per cent. SBI, Bank of Baroda, PNB gained between 1-2.5 per cent.9:29 a.m.: From the Nifty-50 basket of stocks, twenty eight were declining whereas twenty two stocks were advancing.BPCL, ITC, GAIL India, Bajaj Auto, Hero MotoCorp, Adani Ports, Cipla, Bosch, plan Cellular and geographical region Uniliver were among the losers, down 1.14-2 per cent every.
On the opposite hand, UltraTech Cement advanced over two per cent to Rs. 2,828 when UltraTech Cement  on Sunday same it had united to shop for Jaiprakash Associates Ltd's cement plants for associate degree enterprise price of Rs. 16,500 crore.State Bank of Republic of India, Hindalco, Dr Reddy's Labs, Vedanta, ONGC and ICICI Bank were additionally among the gainers.
9:17 a.m.: The Sensex and great edged lower in gap trades on weekday sooner than budget announcements for year 2016-17.The Sensex slipped the maximum amount as fifty nine points to hit low of twenty three,095.70 and great declined twenty four points to seven,006.
9:08 a.m.: Sensex advances eighty four points to twenty three,238 and great rises twenty one points to seven,050 within the pre-market session.9:00 a.m.: Rupee opens lower at sixty eight.69 per greenback against Friday's shut of sixty eight.62 sooner than Budget 2016 
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Stock Market Closing Bell Nifty At 7030 Ahead Of Budget By CapitalHeight

Stock Market closing News :- The market has ended higher in the last trading session ahead of Union Budget. The Sensex ended up 178.30 points or 0.8 percent at 23154.30, and the Nifty gained 59.15 points or 0.8 percent at 7029.75. About 1039 shares have advanced, 1435 shares declined, and 176 shares are unchanged. Coal India, SBI, Hindalco, NTPC and L&T were top gainers in the Sensex. Among the losers were Bajaj Auto, Hero, Lupin, Bharti and Wipro. 3:10 pm FDI: Foreign Direct Investment (FDI) into the country increased by 31 percent to USD 24.8 billion during April-November, Economic Survey said today. FDI in April-November 2014 stood at USD 18.9 billion. With a view to liberalise and simplifying the FDI policy and to provide ease of doing business climate in the country, the government has undertaken various reforms, the survey added. It said that FDI inflows have increased into sectors like computer software and hardware, services, trading, automobile industry, construction activities, chemicals and telecommunications. 3:00 pm Market Update: The 30-share BSE Sensex rose 156.57 points or 0.68 percent to 23132.57 and the 50-share NSE Nifty advanced 49.45 points or 0.71 percent to 7020.05. The market breadth continued to be weak as about 1380 shares declined against 988 advancing shares on the BSE. 2:58 pm Kansai Nerolac in news: Kansai Nerolac says promoter bought additional 1.09 crore shares (representing 2.02 percent equity) through open market. They increased their stake to 71.29 percent. The stock gained 1.5 percent.

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Stock Market Opening Bell Nifty May Open in Green By CapitalHeight

Stock Market News :- The Nifty is seen opening in the green on Friday in line with SGX Nifty, which was up 59.50 points at 7071.50 at 7:41 AM. Asian markets opened with strong gains taking a cue from the higher finish on Wall Street. Japan's January core-core consumer price index (CPI) has come in 0.7 percent higher, compared to positive 0.8 percent in December.  Japan’s Nikkei was up 1.16 percent, while Hang Seng was higher by nearly 1.7 percent. Investors’ attention is now focussed on the G20 finance ministers and central bankers meeting in Shanghai to discuss global economic growth concerns. The two-day meeting started off on Friday. US stocks closed higher, extending the previous day's massive intraday reversal as oil prices rose. The major indices rallied into the close with the S&P 500 rising 1 percent to top the 1,950-level many analysts consider a resistance level. Europe markets posted strong gains, as investors cheered on a positive set of corporate earnings. In currency trade, gains in US and European stocks helped the dollar climb against safe-haven currencies. Among other asset classes, crude prices were choppy in trade. Reports indicated that OPEC members and Russia have agreed to meet in March to discuss capping crude production at January levels. Gold prices held. steady at around USD 1230 an ounce

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Stock Market Closing Bell Bank Index Hits 52-Week Low By CapitalHeight

Stock Market News :- Shares of banking shares were under pressure with theNifty Bank index hitting fresh 52-week low of 13,566 on the National Stock Exchange (NSE) in intra-day trade today.

At 03:07 PM, Nifty Bank index was down 1.6% at 13,571 as compared to 0.76% decline in the Nifty 50 index at 6,966.HDFC Bank (Rs 940) and ICICI Bank (Rs 183) from the Nifty Bank index, while Corporation Bank, Dena Bank, Jammu & Kashmir Bank, Karnataka Bank, Karur Vysya Bank and South India Bank have touched their respective 52-week lows during intra-day trade.

State Bank of India, Federal Bank, Bank of India, Yes Bank and Axis Bank were down more than 2% each, while Kotak Mahindra Bank, Punjab National Bank, IndusInd Bank, Bank of Baroda and Canara Bank down 1%-2% on the NSE.Thus far in 2016, Nifty Bank index has underperforming the market by falling 19% as compared to 12% decline in the benchmark index.

Moody's Investors Service says that the credit profiles of Indian public sector banks will worsen, if the government does not revise upwards its capital infusion plan for the banks in the Indian upcoming budget to be presented on 29 February 2016.

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