Sensex, Nifty Flat In Early Trade : ONGC, NMDC Lose 3-4%

The Sensex rose 79.41 points to 27586.12 and the Nifty climbed 27.85 points to 8346.85. About 849 shares have advanced, 453 shares declined, and 91 shares are unchanged on the BSE. 09:25am FII View: Neelkanth Mishra, Credit Suisse said while few doubt the medium-term potential of India, the stagnation year to date has been driven by investors worrying about acceleration in earnings cuts, slowing economic momentum in India, rebound in oil price...

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Sensex, Nifty Continue To Struggle : Cipla, M&M Laggards

The market is still under pressure as the Sensex is down 183.57 points or 0.7 percent at 27381.09. The Nifty is down 58.50 points or 0.7 percent at 8276.10. About 1033 shares have advanced, 1327 shares declined, and 162 shares are unchanged. Cipla, M&M, Tata Power, HDFC and Dr Reddy's Labs are major laggards while Tata Motors, Vedanta, Infosys, GAIL and ITC are top gainers in the Sensex. Meanwhile, bankers say the Reserve Bank of India...

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Sensex Falls 150 Pts, Nifty Below 8300, Tata Motors Dips 6%

Finance Minister Arun Jaitley said non performing assets of public sector banks would come down gradually over the next two-three quarters. Asked about what steps were being taken to reduce NPAs, Jaitley, who was here to brief media about achievements of the NDA government in the last one year, said he is working on it. "When we came to power, the ratio of NPAs of public sector banks was 6 percent ". Ideally, it should be 2 to 2.5 percent.  Banks...

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Sensex, Nifty Open Flat, SBI, Wipro, Hero Early Gainers

The market has opened flat as the Sensex is down 13.63 points at 27630.25. The Nifty is up 7.40 points at 8377.65. About 274 shares have advanced, 151 shares declined, and 69 shares are unchanged. SBI, Wipro, Vedanta, Hero and GAIL are top gainers in the Sensex. Among the losers are HDFC, BHEL, Axis Bank, NTPC and Sun Pharma. The Indian rupee has started trade with marginal loss. The currency has opened at 63.60 a dollar, down 4 paise compared...

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Asian Shares Edge Down On US Rate Hike Bets

Asian shares got off to a lacklustre start on Monday, after rising inflation and a hawkish tone from the US Federal Reserve Chair rekindled expectations that the Fed is on track to hike interest rates. Activity was likely to be thin this session, as UK and US markets are shut on Monday for the Spring Bank Holiday and Memorial Day respectively.  European centres such as Germany will be observing the Whit Monday holiday. MSCI's broadest...

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Sensex, Nifty Open In Red, ITC & SBI Fall 2-3%, IT Gains

Private sector electricity producer Tata Power will move out of the stock market benchmark index Sensex and will be replaced by drugmaker Lupin.  Besides, Adani Power would be dropped from the S&P BSE 100 index, while various changes have been made to a host of other BSE indices as well. The S&P BSE-100, an index of the top 100 listed companies in the country, would see Aurobindo Pharma and Tata Motors (DVR) coming in, while...

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Nifty Holds Above 8450, SBI Surges 3%, Wipro & Hero Weak

The market is still up as the Sensex is up 222.43 points or 0.8 percent at 28031.78 and the Nifty is up 57.50 points or 0.7 percent at 8478.50. About 1283 shares have advanced, 1163 shares declined, and 162 shares are unchanged. SBI is up 3 percent while Sun Pharma, HDFC, TCS and ONGC are top gainers in the Sensex.  Among the losers are Bajaj Auto, Wipro, Vedanta, Hindalco and Hero Motocorp. The market capitalisation of shares listed...

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Sensex Rises Over 150 Pts, Nifty Above 8450, Bank, FMCG Up

Leading theme park operator Wonderla Holidays & Resorts reported about 8 percent drop in the March quarter net profit at Rs 6.6 crore on excess tax provision of Rs 3.14 crore pertaining to its Kochi park. "Our bottomline in the quarter was impacted by an excess tax provision of Rs 2 crore towards entertainment tax and service tax disputes with our Kochi park.  While we agreed to part-pay Rs 2 crore towards entertainment tax dispute...

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Sensex, Nifty Firm, SBI Up 3%, ITC Gains 1% Ahead Of Q4 Nos

The Sensex is up 177.87 points or 0.6 percent at 27987.22, and the Nifty is up 45.45 points or 0.5 percent at 8466.45. About 1178 shares have advanced, 856 shares declined, and 128 shares are unchanged. SBI, ITC, ONGC, ICICI Bank and HDFC are top gainers in the Sensex. Among losers in the Sensex Hindalco, Bajaj Auto, Vedanta, Wipro and Hero MotoCorp. The market is maintaining its uptrend in early trade. The Sensex is up 98.12 points or...

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Sensex, Nifty Flat, Axis Bank, Tata Motors Gain 1-2%

Bharat Forge is expecting revenues of USD 100 million from its aerospace vertical over the next 2-3 years, expects a double digit growth in overall revenues this year given strong order book in North America and back home, robust growth in the passenger car segment. Kalyani expects the company’s local operations to generate Rs Rs 7000 crore of revenues by FY17-18, an increase of around 50 percent.  The market is flat as the Sensex is...

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Sensex, Nifty Flat, Tata Steel Dips 4%, SBI & Coal India Up

The best case scenario for Nifty is to consolidate at 8300-8500 range, but there is a probability of it slipping to 7900 levels. Corporate balance sheets continue to remain under pressure and it will be the next big trigger for the market, he adds. According to him, a 25 basis points cut by the Reserve Bank in its June 2 policy is already priced in.  The Sensex is down 28.78 points at 27808.43 and the Nifty is down 15.25 points  at...

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Nifty Hovers Below 8450 : DLF Falls Down 1% Ahead Of Q4 Nos

Entertainment Network India Limited ( ENIL ) reported a good set of Q4 earnings with the profit up 20 percent year-on-year. ENIL is the subsidiary of Times Infotainment Media Limited and operates the radio channel Radio Mirchi 98.3FM. “Likewise, our EBITDA reported at 9.7 percent actually bears the effect of various new costs this time, for instance the corporate social responsibility (CSR) contribution comes in,” he adds. The company saw a...

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Sensex, Nifty Continue To Surge On Bank & IT Stocks Support

The market is firing up as the Sensex is up 178.10 points or 0.6 percent at 27823.63 and the Nifty is up 53.55 points or 0.6 percent at 8419.20. About 1293 shares have advanced, 1277 shares declined, and 184 shares are unchanged.  Tata Power, Wipro, SBI, TCS and HDFC are top gainers while Bajaj Auto, Tata Steel, BHEL, Hindalco and Tata Motors are among laggards in the Sensex.  Meanwhile, Indian Oil Corp (IOC) is seeking a total...

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Dow, S&P Close At Record Highs As Rate-Hike Angst Abates

The Dow Jones industrial average and S&P 500 ended at record highs on Monday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to raise interest rates. The S&P 500 racked up its third straight all-time high close, gaining 6.47 points, or 0.3 percent, to end at 2,129.2 points. The Dow rose 26.32 points, or 0.14 percent, to end at 18,298.88, beating its previous record close of 18,288.63...

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Sensex Rises Over 150 Pts : Asian Paints Up 3%, Hero Weak

The market is maintaining its early gains supported majorly by oil & gas stocks. The Sensex is up 175.25 points or 0.6 percent at 27499.25, and the Nifty is up 55.40 points or 0.7 percent at 8317.75. About 1265 shares have advanced, 469 shares declined, and 113 shares are unchanged. Hindalco, ONGC, GAIL, Dr Reddy's Labs and Bharti Airtel are top gainers in the Sensex. Hero MotoCorp and Coal India are losers. Asian Paints rises 3 percent...

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Nifty Hits 8300, Sensex Strong : ONGC, M&M, Bajaj Auto Gain

The Sensex is up 141.14 points or 0.5 percent at 27465.14 and the Nifty is up 44.10 points or 0.5 percent at 8306.45. About 1060 shares have advanced, 400 shares declined, and 115 shares are unchanged. ONGC, M&M, Bajaj Auto, GAIL and Vedanta are top gainers in the Sensex. Among the losers are Wipro, Hero and HUL. The market has kick-started the week on a positive note. The Sensex is up 79.82 points or at 27403.82 and the Nifty is up 22.90...

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