Nifty fails to hold above 9,900; BSE Midcap, Smallcap hit fresh highs

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2:14 PM

At 2:10 pm, the Sensex was trading at 31,875, up 164 points, while the broader Nifty50 was ruling at 9,875, up 48 points. 

1:35 PM

A Reuters poll showed that India will reclaim its position as the fastest growing major global economy this year, partly propelled by benefits from GST regime and bolstered by an expected  interest rate cut by RBI in its next policy meeting in August. CLICK HERE FOR FULL REPORT 

1:07 PM

The dollar huddled near multi-month lows on Wednesday as investors wagered any further tightening in the United States would be slow at best, while optimism on China's economy underpinned Asian shares and commodities.

 

The US currency was still smarting after the collapse of the Republicans' push to overhaul healthcare dealt a blow to President Donald Trump's ability to pass promised tax cuts and infrastructure spending.

12:14 PM

Top gainers and losers on BSE Sensex

12:13 PM

Market Check: At 12:10 pm, the S&P BSE Sensex was trading at 31,880, up 169 points while the broader Nifty50 index was ruling at 9,876, up 49 points.

In broader markets, BSE Midcap was up 0.7% while the BSE Smallcap gained 1% 

11:53 AM

Balaji Telefilms hits 9-year high on fund raising plans; zooms 128% in 2017. Click here for full report

11:41 AM

Sasken Technologies fell 3.56% on BSE after its consolidated net profit fell 60.06% to Rs 17.30 crore on 0.07% decrease in net sales to Rs 117.58 crore in Q1 June 2017 over Q4 March 2017.

11:35 AM

Media firm Zee Entertainment Enterprises Ltd (ZEEL) gained over 3% after the firm said on Tuesday that it has acquired the remaining 51% stake in Fly By Wire.

Nifty Media index rose over 1.5% making it one of the top sectoral gainers on NSE. Dish TV, EROS Media, Network 18 and Sun TV also gained between 1-3% n today's trade.

10:59 AM

Commodity alert:

Gold prices held steady on Wednesday, not far from the over two-week highs hit in the previous session, as the dollar crept up from multi-month lows even as fading prospects of a U.S. monetary tightening continued to pressure the greenback.

10:51 AM

ITC gains 1.2% after worst fall in two decades. Is the worst over? 

Here's what brokerages and research houses think

Image via Shutterstock

10:30 AM

Aurobindo Pharma surged 8% to Rs 795 on BSE in intra-day trade after the company announced that it has received final approval from the US Food and Drug Administration (USFDA) to manufacture Sevelamer Carbonate tablets, a kidney disease drug.

10:15 AM

At 10:14 am, the S&P BSE Sensex was trading at 31,835, up 124 points while the Nifty50 index was ruling at 9,863, up 38 points.

In broader markets, the BSE Midcap and BSE Smallcap were trading 0.5% and 0.8% higher respectively.

10:07 AM

All sectoral indices were trading in green led by pharma and realty sectors.

9:32 AM

ONGC fell nearly 1% on proposed merger of ONGC and HPCL. The government is likely to give the control of HPCL to ONGC, which is in agenda for the Cabinet meeting to be held later today.

HPCL, on the other hand, gained 1% in today's trade

9:28 AM

ITC gains

After a 12% fall yesterday on rise in cess for tobacco products, ITC gained over 1% in today's trade on value buying. The stock has fallen over 10% in July so far.