If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. Hence this effort to keep you up to date on LIVE market.
ET Online
If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. Hence this effort to keep you up to date on LIVE market.
In this space, ETMarkets.com tracks not just the elite 30 from the Sensex pack, or the fabulous 50 from the Nifty collection, but also showcases the newsmakers and top market movers to help you understand why the market moved the way it did, and what you should read into it. Be it largecap, midcap or smallcap, we spare none! (LIVE tweets@ETMarkets)
@3.15 PM: BSE metals index rises 1.66 per cent, bankex and realty index gain 1.5 per cent, power index up 0.9 per cent, oil & gas index climbs 0.3 per cent.
@3.00 PM: Milind Barve, HDFC AMC: If you are a little aggressive and if you believe that a recovery is going to be faster than slower, you could finish off your investing in six months or one year and if not, you can elongate the period of your investment or entering the market over one to two years.
@2.35 PM: Shares of NTPC surged up to 3 per cent after Life Insurance Corporation increased its stake in the 's largest power producer by 3.90 per cent after buying 32.15 crore shares in the open market. LIC, which had 9.08 per cent stake earlier, hiked its shareholding in the company to 12.98 per cent by buying shares between July 25, 2014, and February 24, 2016, NTPC said in a filing to the BSE.
@2.10 PM: Ritika Mankar Mukherjee, Senior Economist, Ambit Capital: We disagree with not just with the 'level' of the GDP forecast made by the economic survey, but we also disagree with the 'direction of growth' that the survey is implying. This is because we expect GDP growth rate to be the same in 2017 versus 2016 and an acceleration is completely ruled out, given the broken banking system in India and the building stress in the infrastructure sector.
@1.47 PM: BSE Bankex, Metal, Realty, PSU among top sectoral gainers on BSE.
@1.42 PM: All Nifty Bank components in the green. Banking stocks continue to rally after Economic Survey pointed at further need for recapitalisation of public lenders.
@1.35 PM: SBI, Coal India, Axis Bank, L&T, NTPC top gainers on BSE Sensex; Bajaj Auto, Hero MotoCorp, Bharti Airtel top losers.
@1.20 PM: Nifty50 up around 50 points on gains in shares of SBI, Coal India, Vedanta, Axis Bank Cairn India. The advance-decline ratio stood at 31:19.
@1.10 PM: Fertiliser stocks cut gains after Economic Survey 2016 points toward need to rationalise fertiliser subsidy based on input costs.
@1.00 PM: Sensex rallies over 200 points, Nifty50 tests 7,050 as market give thumbs up to Economic Survey 2015-16
@12.55 PM: A total of 158 BSE 500 stocks hit their 52-week lows. The list includes Maruti Suzuki, ICICI Bank, Grasim Ind, ACC and Dish TV, among others.
@12.48 PM: Sensex climbs over 150 points; 19 of 30 index stocks trading in the green
@12.42 PM: Urea to be sold at market prices: large farmers may have to buy urea at market prices, says the economic survey . The survey also points out to the need for reasonable taxation for better-off farmers. “Must bring urea under nutrient-based subsidy program,” the survey adds. Fertiliser stocks are trading higher by 9 per cent on the BSE.
@12.35 PM: Sensex rises over 100 points, Nifty50 reclaims 7,000 mark post Economic Survey announcement
@12.30 PM: Banking stocks rally up to 3% after Economic Survey 2015-16 points further need for recapitalisation of public lenders. According to survey, PSU banks require a capital infusion of Rs 1.80 lakh crore by FY19.
@12.02 PM: Shares of surge over 3 per cent following Rail Budget annoucements. Also, the company has announced that planning to increase its coal production to 1,000 million tonne in the next four years through the use of latest environment-friendly technologies. The estimated production planned by CIL during 2019-20 is 908.10 million tonnes.
@12.00 NOON: Economic Survey tabled. FY17 GDP growth seen between 7-7.75%.
@11.49 AM: Sensex pares initial gains; trades rangebound ahead of Economic Survey. Nifty50 falls below 7,000 mark again.
@11.16 AM: Global markets update:
► Asia shares nudge higher; Nikkei up 0.77 per cent, Hang Seng up 1.37 per cent.
► G20 finance leaders try to calm markets as risk sentiment rises with oil, US data
► Crude oil prices dipas reports of a meeting by oil producers to freeze output failed to convince traders that enough effort was being made to rein in ballooning global oversupply.
@10.55 AM: Rail-linked stocks continue to fall; Texmaco, Kalindee Rail, Titagarh Wagons tank 13 per cent each in morning trade.
@10.33 AM: The banking counters on Dalal Street on Friday cheered the Reserve Bank of India’s latest move to provide some relief on the stressed loan front. BSE Bankex surged up to one per cent. The Nifty PSU Bank index, also, gained 1.26 per cent in morning trade.
Shares of State Bank of India, Axis Bank, IDBI Bank, IndusInd Bank and Bank of Baroda traded higher by as much as 2 per cent.
@10.10 AM: Shares of United Spirits surged 3 per cent after news of liquor Barron Vijay Mallya stepping down as United Spirits chairman rather than resort to a legal battle with Diageo after the parent presented the findings of a board-constituted enquiry to him.
@9.55 AM: HCL Technologies, Adani Ports, L&T, Coal India, Axis Bank top Nifty50 gainers; Hero MotoCorp, Bajaj Auto, IDEA, BPCL, Maruti top losers.
@9.39 AM: Adani Ports (up 2 per cent), L&T (up 1.9 per cent), SBI (up 1.7 per cent), Axis Bank (up 1.4 per cent), and M&M (up 1.4 per cent), were the major Sensex gainers.
ICICI Bank (down 0.4 per cent), and Bharti Airtel (down 0.34 per cent) were the major Sensex gainers.
@9.26 AM: The S&P BSE Midcap Index was up 0.90 per cent and BSE S&P Smallcap Index was trading 0.66 per cent higher.
@9.20 AM: The S&P BSE Sensex surged over 200 points in morning trade ahead of Economic Survey. The rally in the index was led by gains in Infosys, L&T, Sun Pharma, HDFC, and Tata Motors.
The Nifty50 was trading near its crucial level of 7050 supported by gains in power, metal, banks, auto, oil & gas, and realty stocks.
OPENING BELL: Sensex rallies over 200 points, Nifty50 reclaims 7,000 on global cues; Castex Tech surges 10%, SBI 2%
@9.00 AM: The domestic equity benchmark is likely to open on a positive note on Friday, tracking a smart rally in US stocks in overnight trade after Venezuela reaffirmed a mid-March meeting with three other oil producers -- Saudi Arabia, Russia and Qatar -- to stabilise falling crude prices.
@8.50 AM: And this is what is happening in Asian markets….
@8.45 AM: And here's how the US and European markets ended yesterday..
@8.40 AM: Here goes a recap of how Sensex ended yesterday....
@8.20 AM: Here are all small and big stories that might affect your market today:
► The Chief Economic Adviser will present the report card of the country’s economic status and projections for the coming financial year in the background of global weakness.
► The US markets gained for the second time in three days after solid economic data and a 3 per cent rally in crude oil prices ensured an uptick.
► Demand for long-term consumer durables shot up to a 10-month high, providing the much-needed boost to the languishing US manufacturing industry.
► The Reserve Bank of India last evening notified certain changes in its strategic debt restructuring (SDR) regulations to help the banks burdened with stressed loans.
► Economists have warned that the chances of the UK falling into another recession may triple if the country leaves the European Union (EU).
ET Online
Get Unlimited Access to The Economic Times
