The market remained under pressure on global weakness after the US President Donald Trump threatened more tariffs on Chinese products. China’s Shanghai Composite dropped 3 percent and Hong Kong’s Hang Seng dipped 2 percent. Dow Jones futures also shed around 300 points, indicating weak opening on Wall Street. The 30-share BSE Sensex fell 189.12 points to 35,359.14 and the 50-share NSE Nifty down 67.40 points at 10,732.50 as IOC, Infosys, Reliance Industries, Vedanta, ICICI Bank and SBI are down 1-3 percent. About two shares declined for every share rising on the BSE. » Read more

Indian market lost momentum after hitting record highs in January. The S&P BSE Sensex is still down over 800 points from its record high of 36,443.98, but the real carnage was seen in the small & midcap space in which stock fell up to 90 percent so far in 2018.Does that mean that the honeymoon period seen in the small and midcaps is over? Well, the fall may not be over but very optimistic on smallcaps because they are not co-related with macros. » Read more

The market is rangebound in morning trade despite weakness in Asian peers due to escalated trade tensions between world’s two largest economies US and China. The Nifty continued to hold 10,800 levels as Brent crude futures extended losses, down 1 percent to trade below $73 a barrel on likely increase in output in the OPEC meeting later in the week. The Sensex gained 16.61 points at 35,638.75 and the Nifty rose 2.50 points to 10,820.20. Oil marketing companies IOC, HPCL and BPCL gained 2-3 percent on falling crude prices while TCS hits fresh record high after the buyback news. » Read more

Benchmark indices opened on a flat note amid mixed trade in Asia ahead of likely US tariffs on select Chinese goods. The Sensex fell 12.28 points to 35,587.54 and the Nifty slipped 1.80 points to 10,806.20. L&T, Reliance Industries, HDFC Bank, BPCL and IOC are under pressure. Dr Reddy’s Labs, TCS, Lupin, ICICI Bank, Titan Company and Maruti Suzuki gained up to 2 percent. Nifty Midcap index is flat. Tata Global, HDFC Standard Life, Venkys, Kesoram Industries, PVR, HOEC, Prestige Estates and LG Balakrishna gained up to 5 percent. SBI Life, Vakrangee, Gitanjali Gems, Avenue Supermarts and Gati fell up to 5 percent. » Read more