 "Sensex holds 25,500; Bharti Airtel, Coal India down 3%")
Benchmark indices continue to maintain positive trend amid volatility led by buying amongst realty, pharma and auto.
At 1420 hrs, the Bombay Stock Exchange’s 30- share index, the Sensex, was at 25541 - up 0.27% while National Stock Exchange’s index, the Nifty-50 was at 7,639 - up 0.13%.
Volatility was observed as key benchmark indices alternately swung between positive and negative zone.
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Meanwhile, the government is set to release Consumer Price Index (CPI) for the month of May and Index of Industrial Production (IIP) for the month of April today after market hours.
On the other hand, the broader markets outperformed indices as - BSE Mid cap and Small cap indices both surged above 0.40%.
The market breath at the BSE was positive with 1715 advances and 1264 declines.
RUPEE
The Indian rupee is trading at 59.33/34 versus its close of 59.27/28 in the absence of any fresh domestic triggers with traders watching the domestic stock market for cues on foreign fund flows.Traders expect the pair to trade in a range of 59.20 to 59.45 for the day.
The Indian rupee is trading at 59.33/34 versus its close of 59.27/28 in the absence of any fresh domestic triggers with traders watching the domestic stock market for cues on foreign fund flows.Traders expect the pair to trade in a range of 59.20 to 59.45 for the day.
As per provisional data from the stock exchanges, foreign portfolio investors (FPIs) sold shares worth a net Rs 313.40 crore on Wednesday, 11 June 2014.
ASIAN MARKETS
Asian shares slipped on Thursday after a retreat on Wall Street and escalating violence in Iraq delivered a one-two punch to risk appetite, which in turn kept oil prices near three-month highs.
Asian shares slipped on Thursday after a retreat on Wall Street and escalating violence in Iraq delivered a one-two punch to risk appetite, which in turn kept oil prices near three-month highs.
Japan's Nikkei share average led the pull back, falling 0.7% while MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.3%.
Back home, BSE Healthcare Index was the top gainer among the sectoral indices, up 0.9% followed by Realty, Auto, FMCG and the information technology (IT) indices.
The top Sensex gainer, Hindalco, moved up 3.29% followed by HDFC Bank, Sun Pharma and HDFC that gained over 2%, while the top loser was Bharti Airtel - down more than 3% followed by Coal India, Axis Bank, BHEL, ICICI Bank.
BUZZING STOCKS
Infosys has declined by 0.5% in volatile trade after the company selected after the board has appointed former SAP executive Vishal Sikka as the Chief Executive Officer and Managing Director (CEO & MD) of the company. Sikka will take over from August 1, 2014.
Infosys has declined by 0.5% in volatile trade after the company selected after the board has appointed former SAP executive Vishal Sikka as the Chief Executive Officer and Managing Director (CEO & MD) of the company. Sikka will take over from August 1, 2014.
Shares of Bharti Airtel has slumped by 3% after Credit Suisse downgrades the stock to "underperform" from "neutral" and reduces the target price to 265 rupees from 275 rupees, citing competition from rival Rel Jio's, a unit of Reliance Industries.
Axis Bank turns ex-dividend today for dividend of Rs 20 per share for the year ended 31 March 2014 (FY 2014).
Among other shares, Edelweiss Financial Services is locked in upper circuit of 10% at Rs 59.95 on BSE after a multiple block deals executed in the counter on BSE and NSE.
KEC International has moved higher by 3% to Rs 127 after the company announced winning new orders of Rs 1,209 crore in its transmission and distribution and cable businesses.