Pre-Market: Nifty Seen Opening Lower; Q1 GDP Data Eyed

The 50-share Nifty index is expected to open lower on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index may retest its crucial psychological level of 7,950 in trade today. At 08:00 A.M., Nifty India stock futures in Singapore were trading 47 points lower at 7,972 indicating a gap-down opening on the domestic market. 

Benchmark indices wrapped up the week ended August 28, 2015 in the red zone led by weak global environment. The Sensex was down 3.55 per cent and the Nifty fell 3.59 per cent. Movement of index in near term will depend on further reform initiatives to be taken by the government, monthly auto sale numbers of Auto sector to be announced starting on 1st September 2015 and Q1 GDP data. 

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Nifty Ends Below 8000, Sensex Falls 109 Pts; BHEL Drags 3%

The market ended lower. The Sensex was down 109.29 points or 0.4 percent at 26283.09, and the Nifty slipped 30.65 points or 0.4 percent at 7971.30. About 1171 shares have advanced, 1468 shares declined, and 135 shares are unchanged. Cipla, Dr Reddy's Labs, Lupin, GAIL and Vedanta were top gainers in the Sensex. Among the losers were BHEL, Hindalco, Bharti Airtel, ONGC and ICICI Bank. 

The market continued to be rangebound in afternoon trade with the Nifty hovering around 8000 amid selling pressure. The broader markets also declined marginally. The Sensex declined 130.66 points to 26261.72 and the Nifty fell 36.05 points to 7965.90. About 1025 shares have advanced, 1491 shares declined, and 116 shares are unchanged on the BSE. Infosys, Reliance Industries, ICICI Bank, Bharti Airtel, SBI, Maruti, Bajaj Auto, BHEL, Tata Steel and Hindalco declined 1-3 percent. However, Lupin, Sun Pharma, Dr Reddy's Labs, Cipla, Coal India, GAIL and Wipro gained 1-3 percent.

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Sensex, Nifty Consolidate; Lupin Gains 3%, Bharti Slips 2%

Equity benchmarks continued to consolidate in afternoon trade with the Nifty hovering around 8000 level. The Sensex gained 27.37 points at 26419.75 and the Nifty rose 14 points to 8015.95. About 1143 shares have advanced, 1253 shares declined, and 105 shares are unchanged on the BSE. The Indian rupee extended losses, down 19 paise to 66.33 a dollar.

Equity benchmarks continued to consolidate after a 2-day short covering-led rally. The Sensex gained 4.75 points at 26397.13 and the Nifty rose 7.40 points to 8009.35. Some brokerages turned bearish on Indian equities. Macquarie cut year-end Nifty target to 8,700 from 9,600 to build-in lower earnings post weak Q1. Barclays, too, reduced 12-month Nifty target to 9,642 as it believes earnings recovery elusive. Globally, Asian markets continued to trade mostly lower with Shanghai down more than 2 percent on reports that Beijing may finally halt its controversial market intervention. 

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Sensex, Nifty Recover ; Pharma Supports, HDFC & SBI Rebound

Equity benchmarks recouped early losses. The Sensex rose 16.27 points to 26408.65 and the Nifty advanced 8.10 points to 8010.05. About 1097 shares have advanced, 967 shares declined, and 88 shares are unchanged on the BSE. 

The market continued to see profit booking in morning trade after two-day rally. The Sensex fell 130.82 points to 26261.56 and the Nifty declined 31.20 points to 7970.75, dragged by banking & financials, capital goods and metals stocks. However, pharma stocks bucked the trend.

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Pre-Market: Nifty Likely To Open Higher With A Gap On First Day Of September Series

The 50-share Nifty index is expected to open higher with a 100-point gap on Friday following positive trend seen in other Asian markets. Tracking the momentum, the index may reclaim its crucial psychological level of 8050-8100 in trade on the first day of September series. 

At 08:00 A.M., Nifty India stock futures in Singapore were trading 143 points higher at 8,136 indicating a gap-up opening on the domestic market. The 50-share Nifty index slipped 6.8%, while Sensex plunged 6.7% in August series. On Thursday, the benchmark index staged a strong comeback and jumped 517 points, its biggest single day jump in two weeks, to reclaim the 26,000 mark, while Nifty rose 157 points.

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Sensex Ends 161 Points Up, Nifty Above 8,000, VIX Up Over 7%; ONGC Top Gainer

Continuing its winning streak, the S&P BSE Sensex rose 161.19 points, or 0.61 per cent, to settle the day at 26,392.38. The broader 50-share Nifty barometer gained 53 points, or 0.67 per cent, to close the session at 8,001.95.

17 of the 30 Sensex stocks finished trading with a positive bias. ONGC was the top Sensex gainer, up over 5 per cent. The 30-share pack trimmed its intraday gains after rallying over 450 points in trade today. The Nifty index too pared its gains. The gains on the benchmark indices were capped by losses witnessed in banking and pharma stocks.

The Volatility Index, India VIX, also referred to as the 'fear gauge' surged over 7 per cent in trade today. Overall, the market mood remained positive throughout the day as upbeat US economic growth data calmed sentiment after global markets took a heavy beating earlier in the week.

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Sensex Surges 400 Pts; ONGC Soars 6%, Infosys & Axis Lead

Equity benchmarks maintained uptrend for the second consecutive session. The Sensex rallied 399.57 points or 1.52 percent to 26630.76 and the Nifty climbed 126.35 points or 1.59 percent to 8075.30. The broader markets marginally outperformed benchmarks. The BSE Midcap and Smallcap indices gained over 1.5 percent. Nearly five shares advanced for every share declining on the Bombay Stock Exchange. 

ONGC topped the buying list on Sensex, up nearly 6 percent followed by Infosys, Axis Bank, SBI, NTPC, Bajaj Auto, Cipla, BHEL, Vedanta, GAIL, Hindalco and Tata Steel with 2-4 percent upside.

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Sensex, Nifty Climb Over 1%; Vedanta, Cairn India Zoom 6-7%

The market has maintained its strong uptrend following relief rally across global peers post temporary easing of nervousness in China. The Sensex gained 315.61 points or 1.23 percent at 26030.27 and the Nifty climbed 98.05 points or 1.26 percent to 7889.90, aided by banking & financials, healthcare, oil and metals stocks. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 1.6-1.9 percent. 

About four shares advanced for every share declining on the Bombay Stock Exchange. Vedanta and Cairn India topped the buying list on Sensex, up 6-7 percent followed by HDFC, Infosys, Lupin and Tata Steel with 2.5-3 percent. ICICI Bank, Reliance Industries, SBI, Sun Pharma, Axis Bank and ONGC climbed 1.5-2 percent. However, Tata Motors, BHEL and Bajaj Auto saw selling pressure, down 1.6-3.5 percent.

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Sensex Up 250pts, Nifty Below 7900; Vedanta, HDFC Gain 4-6%

Shares of Bharti Airtel climbed 3 percent following acquisition of New Delhi-based wirless broadband internet service provider. The top telecom operator with operations in 20 countries across Asia and Africa on Wednesday said it has signed a definitive agreement to acquire 100 percent equity stake in Augere Wireless Broadband India that incorporated in 2007. Augere holds 20 MHz of BWA spectrum in Madhya Pradesh and Chhattisgarh circles (MPCG). Upon acquisition, it will become a wholly-owned unit of Airtel, said the company.

The market has opened higher riding high on strong global cues. The Sensex is up 392.57 points or 1.5 percent at 26107.23 and the Nifty is up 127.90 points or 1.6 percent at 7919.75. About 461 shares have advanced, 64 shares declined, and 14 shares are unchanged. ONGC, M&M, Bharti Airtel, Hindalco and Bajaj Auto are top gainers in the Sensex. The Indian rupee gained past 66 a dollar in early trade following rally in global equity markets. The currency appreciated by 20 paise to open at 65.94 per dollar against previous day's closing value of 66.14 a dollar.

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