After closing at record highs in Monday’s trade the benchmarks indices opened lower on Tuesday, with the Nifty trading below 11,300 mark and Sensex below 37,400. The Sensex is down 100.14 points at 37394.26, and the Nifty down 27.30 points at 11292.20. About 459 shares have advanced, 379 shares declined, and 65 shares are unchanged. Axis Bank, Tech Mahindra, ONGC, Lupin, Power Grid, Dr Reddy’s Laboratories are up 0.5-1 percent, while HDFC, ICICI Bank, Adani Port, L&T, Tata Steel are among the major losers. Avenue Supermarts gained 3 percent after reporting stellar June quarter numbers.
Shares of Avenue Supermarts, the operator of D-Mart, rose over 4 percent on Tuesday morning as investors cheered the firm’s results for June quarter. Idea Cellular declines 5% as CLSA downgrades to sell, cut target to Rs 51. slipped nearly 10 percent in morning trade to hit a fresh 52-week low of 905.20 on the BSE after the operator of low-cost carrier IndiGo, has reported a massive 96.6 percent fall in first-quarter net profit, dented by higher fuel prices and the adverse impact of forex.
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Benchmark indices started off Friday’s trade mildly lower despite most Asian stocks traded in the green. The 30-share BSE Sensex was down 59.51 points at 35,089.61 and the 50-share NSE Nifty fell 17.90 points to 10,664.80. Sun Pharma, Bajaj Finance, Bajaj Auto, Tech Mahindra, Yes Bank, Eicher Motors, ONGC, Coal India, Lupin, Vedanta and Power Grid were early gainers. IOC, HPCL, BPCL, Wipro, Indiabulls Housing Finance, Cipla, UltraTech Cement, ICICI Bank and Asian Paints were under pressure. » Read more
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Equities have begun the day on a good note, with the Sensex rising over 100 points, while the Nifty managed to open above 10,650-mark. The Sensex is up 143.63 points at 34857.23, while the Nifty is up 56.20 points at 10674.00. The market breadth is positive as 333 shares advanced, against a decline of 171 shares declined, while 54 shares were unchanged. Among stocks, Axis Bank took a hit of 3 percent in the first few minutes, after the bank reported dismal set of numbers for the March quarter as provisions trebled. Meanwhile, IDBI Bank is also trading lower by 4 percent after its ex-CMD has been booked in a fraud case. Meanwhile, global markets were trading higher on the back of positive handover from US. Asian shares edged higher on Friday, after US equities were buoyed by solid quarterly earnings and a rebound in technology stocks, while the euro languished near three-month lows after the European Central Bank kept interest rates unchanged. » Read more
Benchmark indices opened flat on Thursday, the expiry day for April derivative contracts. The 30-share BSE Sensex was up 46.40 points at 34,547.67 and the 50-share NSE Nifty rose 5.40 points to 10,575.90. Yes Bank gained half a percent and Axis Bank was down 0.75 percent ahead of earnings later in the day. NIIT, M&M Financial, DHFL, Mindtree, Parag Milk Foods, Biocon, Rallis India and Tata Elxsi gained up to 3 percent. ICICI Lombard, Jindal Stainless, Reliance Naval and PC Jeweller slipped up to 9 percent. » Read more