Sensex, Nifty In Red; Banking, Oil & Gas Stocks Drag

The S&P BSE Sensex is trading at 27,433 down 37 points, while NSE Nifty is trading at 8,278 down 17 points. The BSE Mid-cap Index is trading down 0.32% at 11,103, whereas BSE Small-cap Index is trading down 0.45% at 11,468.

Some buying activity is seen in auto, capital goods, fmcg and IT sectors, while banking, oil & gas,metal, teck, realty and consumer durables sectors are showing weakness on BSE.The India VIX (Volatility) index is up 6.45% to 17.23.

A total of 28 stocks registered a fresh 52-week high in trades today, while 13 stocks touched a new 52-week low on the NSE. Out of 1,752 stocks traded on the NSE, 967 declined and 506 advanced today.

BHEL, Bajaj-Auto,Vedanta, Tata Steel,Maruti Suzuki,Hero MotoCorp, Hindalco, L&T and Tata Motors are among the gainers, whereas Coal India, Bharti Airtel, Lupin, RIL, M&M and HDFC Bank are losing sheen on BSE.

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Pre-Market: Nifty Likely To Join Global Rally On China Rate Cut, Eyes 8,350

Domestic equity benchmarks are likely to see a strong opening after a surprise rate cut by the Chinese central bank propelled European and US stocks higher on Friday and markets in the rest of Asia played catch-up by gaining as much as 1 per cent in trade on Monday morning.

China on Friday cut interest rates by 25 basis points to 4.35 per cent. This was the sixth rate cut by the Chinese central bank since November, 2014.

I do not think markets were expecting the Chinese rate cut on Friday," said Adrian Mowat of JPMorgan. "While there were expectations of further easing in China, the fresh move has taken markets by surprise," he said in an interview with ET Now. At 08:00 am, China's Shanghai Composite was up 0.75 per cent at 3,437.98. Japan's Nikkei rose 1.2 per cent to hit a two-month high. Markets across Hong Kong (up 0.40 per cent), South Korea (0.20 per cent) and Taiwan (0.70 per cent) added up to 0.70 per cent in early trade.

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Sensex, Nifty Rally; Auto, Banking Stocks Gain

The S&P BSE Sensex is trading at 27,547 up 76 points, while NSE Nifty is trading at 8,314 up 19 points. The BSE Mid-cap Index is trading up 0.20% at 11,160, whereas BSE Small-cap Index is trading up 0.31% at 11,519.

All sector are in green except oil and gas is showing weakness on BSE. Vedanta, Tata Steel, Hindalco, Bajaj-Auto, Tata Motors, Maruti Suzuki and Axis Bank are among the gainers, whereas GAIL, Bharti Airtel, Lupin, HDFC Bank and HDFC are losing sheen on BSE.

Central bank moves are appealing to the market for now. Last week, China’s central bank's unexpected move to cut interest rates has cheered markets. Earlier, the European Central Bank indicated the possibility of a further stimulus. And of course, we have the US Fed's rate-setting meeting this week. No hike in interest rates is expected but a Fed meet is reason enough to keep markets on the edge.

US stocks ended higher following strong earnings from Microsoft, Google parent Alphabet and Amazon.The Dow Jones rose 157.81 (0.90 percent) to 17,646.97, while the S&P 500 gained 22.65 (1.10 percent) to 2,075.15. Nasdaq Composite Index stood at 5,031.86, up 111.81 points (2.27 percent). The Government released the draft National Capital Goods Policy that aims to increase the share of capital goods in total value manufacturing from 12% to 20% by 2025.

Tata Steel has reportedly reached an agreement with its Canadian iron ore joint venture (JV) partner New Millennium Iron Corp. to hike its stake to 94 per cent from the current 80 per cent. Ashoka Buildcon Ltd has announced that it has bagged Order worth Rs. 277 crore from NHAI.

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Pre-Market : Nifty To See Strong Opening On ECB Move; May Reclaim 8,300

The domestic equity benchmarks may see a gap-up opening on Friday, as investors are likely to cheer overnight surge in the US stocks after European Central Bank (ECB) pledged to keep stimulus intact beyond 2016, if needed.

At 8 am, Nifty50 stock futures on the Singapore Stock Exchange were trading 0.88 per cent higher at 8,334, indicating a strong opening in the domestic market. No major index heavyweight is scheduled to report earnings for the day. Tracking the momentum, the Nifty index is likely to drift higher and reclaim its crucial psychological level of 8,300 in trade today.

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Sensex, Nifty Remain Strong; Banking, Pharma Stocks Gain

The S&P BSE Sensex is trading at 27,480 up 192 points, while NSE Nifty is trading at 8,296 up 45 points. The BSE Mid-cap Index is trading down 0.01% at 11,166, whereas BSE Small-cap Index is trading up 0.12% at 11,576.

Indian Rupee today opened at 65.77/$ higher by 32 paise in early trade on Friday on fresh selling of the US currency by exporters and banks. On the global front, Global cues are healthy with the Dow gaining 1.87%, S&P 500 adding 1.66% and Nasdaq rising by 1.65%. Wall Street was boosted by better than expected corporate earnings by a couple of firms and among them was McDonald's. Asian markets are also well in the green.

ITC, NTPC, GAIL, ONGC, Coal India and Axis Bank are among the gainers, whereas Bharti Airtel, Wipro, Maruti Suzuki, Vedanta, L&T, Hero MotoCorp and Hindalco are losing sheen on BSE. The INDIA VIX is down 1.78% at 16.32. It hit a high of 16.62 and a low of 14.65. Out of 1,749 stocks traded on the NSE, 658 declined and 801 advanced today. A total of 47 stocks registered a fresh 52-week high in trades today, while 9 stocks touched a new 52-week low on the NSE.

Akzo Nobel India has gained 1.6% at Rs.1,409 on BSE. The company reported a 14.62% increase in its net profit at Rs. 40.98 crore for the second quarter ended September 30, riding on increase in demand.

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Nifty Hovers Around 8,250 Level

The S&P BSE Sensex is trading at 27,381 up 15 points, while NSE Nifty is trading at 8,284 up 9 points. The BSE Mid-cap Index is trading up 0.72% at 11,204, whereas BSE Small-cap Index is trading up 0.64% at 11,659. The India VIX (Volatility) index is up 0.13% to 16.90. Out of 1,744 stocks traded on the NSE, 466 declined and 978 advanced today.

Some buying activity is seen in auto, capital goods, IT, consumer durables, banking and power sectors, while metal and oil&gas sectors are showing weakness on BSE. Reliance Power, Adani Power, Torrent Power, GMR Infra and RattanIndia Power are among the gainers, whereas GATI, Gruh Finance, Cipla, IFCI and Gateway Distriparks are losing sheen on BSE.

Indian Rupee today opened lower by 15 paise at 64.95/$ in early trade on Tuesday. On macroeconomic side, a slew of numbers were released last week, which portrays Indian economic story as a bright spot amid a fragile global economic backdrop. In international markets, US dollar continues to lose ground, as minutes of the recent US FOMC meeting suggests that a rate hike by Federal Reserve this year is very unlikely.

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Sensex, Nifty In Red; Metal, Pharma Stocks Drag

The S&P BSE Sensex is trading at 27,336 down 29 points, while NSE Nifty is trading at 8,252 down 12 points. The BSE Mid-cap Index is trading up 0.77% at 11,210, whereas BSE Small-cap Index is trading up 0.62% at 11,656. The India VIX (Volatility) index is down 0.20% to 16.84. Out of 1,747 stocks traded on the NSE, 611 declined and 881 advanced today.

Some buying activity is seen in auto, IT, power and teck sectors, while metal, pharma and oil&gas sectors are showing weakness on BSE. Tata Motors, TCS, NTPC, Infosys and GAIL are among the gainers, whereas Vedanta, Cipla, M&M, Hindalco and Tata Steel are losing sheen on BSE.

Indian Rupee today opened lower by 15 paise at 64.95/$ in early trade on Tuesday. On macroeconomic side, a slew of numbers were released last week, which portrays Indian economic story as a bright spot amid a fragile global economic backdrop. In international markets, US dollar continues to lose ground, as minutes of the recent US FOMC meeting suggests that a rate hike by Federal Reserve this year is very unlikely.

Shares of Lupin Ltd was trading higher by up by 1% at Rs. 2,088. The Foreign Investment Promotion Board (FIPB) approved 14 foreign direct investment (FDI) proposals of the company.The stock opened higher at Rs. 2,097 as against its previous close of Rs. 2,068.85. It surged to an intra-day high of Rs. 2,100.

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