Sensex, Nifty trade flat; Tata Steel 2.65% up

The BSE 30-share barometer trades in the green on Wednesday. The gauge had gained 195.64 points in the previous session. Sectoral indices led by capital goods, metal and realty stocks were in the green. The NSE Nifty, too, is trading higher. Brokers said increased buying in select stocks coupled with covering-up of outstanding short positions ahead of the expiry had a positive impact. A firm trend on other Asian bourses following record closing at the US markets too influenced sentiments, they said. 

Sensex, Nifty edge up; L&T leads gains

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1.00pm: The 30-share S&P BSE Sensex is currently trading higher by 52 points, or 0.20%, to 26,013, while the Nifty 50 of the National Stock Exchange (NSE) rises 14 points, or 0.17%, to 8,016. Tata Steel rises 2.65% to Rs388 at 1.05pm.  

12.33pm: DLF Ltd rose 3.24% to Rs 114.60 after huge block deal. Around 1.16 million equity shares of the company changed hands in a block deal. 

12.20pm: The 30-share S&P BSE Sensex is currently trading higher by 12 points, or 0.04%, to 26,972, while the Nifty 50 of the National Stock Exchange (NSE) rises 2.65 points, or 0.03%, to 8,005.  

12.05pm: Healthcare companies are trading higher. Lupin Ltd rose 0.9%, Cipla Ltd rose 0.7%, Sun Pharmaceuticals Industries Ltd 0.5%, and Dr Reddy’s Laboratories Ltd 0.4%.

Commodity Updates 26-Sep-2016

Crude oil prices under pressure ahead of Algiers' talks  

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Crude oil prices will be very sensitive to any shift in consensus regarding a potential co-ordinated output  freeze agreement as OPEC members gather in Algiers this week on the sidelines of an energy conference. The market got carried away last week after rumours that Saudi Arabia and Iran were making progress in agreeing to freeze production, pushing the West Texas Intermediate as high as $46.55 a barrel. However, it did not take long before investors reverse bets as they realised most members were not ready to give up market shares, especially after collapsing price have sent government revenue south. Crude oil prices corrected sharply with the WTI and Brent crude falling roghly 5% on Friday. All oil producers want higher prices to shore up revenue but nobody want to take the cut, it’s a game of chicken.

Most market participants do not expect an agreement at this week OPEC informal meeting. However, prices will remain highly sensitive to any news regarding a potential as it would lay the foundations for a potential agreement at the upcoming official OPEC meeting that will be held on November 30th. Given the market pessimism, the risk is definitely skewed to the upside.

Stock Market Updates 22-Sep-2016

LIVE: Sensex surges over 350 points post US Fed outcome, Nifty above 8,850; ICICI Bank, Hero MotoCorp, SBI gain  

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9.23 am: Barring Wipro (down 0.12 per,cent), rest all other components in the Nifty 50 index were trading in green. Hindalco, Bank of Baroda, YES Bank, Bharti Infratel and ICICI Bank were up 3.58 per cent, 2.65 per cent, 2.52 per cent, 2.46 per cent and 2.45 per cent, respectively.  

9.17 am: Sensex was trading 359.99 points up at 28864.41. Nifty was up 96.20 points at 8873.35.  

9.15 am: The BSE Sensex opened 259.52 points, or 0.91 per cent, up at 28766.94, while Nifty opened 96.20 points up at 8873.35.  

PRE-MARKETS Domestic equity markets are likely to open higher on Thursday after the US Federal Reserve left interest rates unchanged. The BSE Sensex on Wednesday closed 15.78 points down at 28,507, NSE Nifty index settled 1.25 points up at 8777.15.

Stock Market Update 14-Sep-2014

Live Sensex, Nifty: Markets trade flat; Suzlon Energy falls 8.5%  

9:50am: The 30-share S&P BSE Sensex is currently trading lower by 32.14 points, or 0.11%, to 28,321.40, while the Nifty 50 of the National Stock Exchange (NSE) falls 0.10 points to 8,715.50. 

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9:45am: Suzlon Energy Ltd falls 8.5% to Rs.15.80 after the company posted a net loss of Rs.259.97 crore
in June quarter against Rs.1,014.34 crore a year ago. Total income fell 36.81% to Rs.1,668.94 crore. 

9:40am: Retail inflation decelerated sharply to 5.05% in August, while the Index of Industrial Production (IIP) contracted by 2.4% in July, the lowest in eight months. Together, these numbers make a case for another rate cut.  

9:35am: The rupee on Wednesday weakens past the 67 mark and hit a two-week low against the US dollar at 67.02 per dollar, down 0.16% from its previous close of 66.92, tracking the losses in its Asian peers.  

9:30am: Yield on 6.97% 2026 bond, which is the new 10-year debt, is trading at 6.858% from its Monday close of 6.851%. 

9:25am: The dollar rises to ¥102.99 from ¥101.98 late on Tuesday in Asia. The euro falls to $1.1224 from $1.1233.  

9:15am: Crude rises 23 cents to $45.13 a barrel. Brent crude inches up 16 cents to $47.26 a barrel in London.  

9:05am: Japan’s benchmark Nikkei 225 loses 0.2% in morning trading to 16,689.31. Hong Kong’s Hang Seng is flat at 23,223.42, and Australia’s S&P/ASX 200 gains 0.1% to 5,212.50. The Shanghai Composite falls 0.4% to 3,011.55. Shares are lower in Singapore, Indonesia and Taiwan. South Korean markets are closed for a national holiday.  

9:00am: Asian shares mostly sagged in sluggish trading Wednesday on concerns over weaker global growth and uncertainty about the U.S. Federal Reserve’s plans for interest rates.