Sensex hits 40k; dips 1,314 pts from high by close; Nifty holds 11,650

During the day, Sensex and Nifty hit the levels of 40,000 and 12,000, respectively, for the first-ever time

9:19 AM

Market at open

9:18 AM

Market at open | Sensex opens at record high

9:13 AM

NEWS ALERT | Nifty50 hits record high during pre-open session, crosses 11,900

9:07 AM

NEWS ALERT | Sensex rallies over 400 points during pre-open

9:04 AM

Gainers and losers on the BSE at pre-open

9:02 AM

Market at pre-open

9:01 AM

Market at pre-open

9:01 AM

Rupee opening

Rupee opens higher at 69.45/$ vs Wednesday's close of 69.66 against the US dollar

9:01 AM

NEWS ALERT | Indices open higher during pre-open trading session

8:59 AM

COMMENT :: ELECTIONS & MARKETS : Nomura

If exit polls are correct and the NDA returns to power with a majority, then we would expect policy continuity. Rural reflation, infrastructure spending, streamlining of the goods and services tax, direct tax reforms and the consolidation of public sector banks are likely to be the key priorities. Fiscal consolidation is an objective but will be a challenge in the absence of revenue mobilisation or a growth rebound

8:59 AM

Inflation, GDP among slew of tough economic issues awaiting next govt

The contours of the next government, whether it would be a rag-tag coalition or one party-dominated, would become clear on Thursday. Whatever its composition, the coming government will have to look at the dire needs of the economy which has been slowing down, besides rising food inflation and crude prices, problems created by grounding of Jet Airways and the IL&FS crisis and consolidation in the banking sector. READ MORE

8:58 AM

EXPERT COMMENT | Nifty to cross 12,000 today if NDA wins: Amit Gupta,TradingBells

We absolutely believe Nifty will cross 12,000 if NDA manages to secure a majority. However if this doesn’t happen and there is a hung parliament, or UPA comes into power, we can expect to see a huge correction in the markets over the next couple of days. In such a scenario, if Nifty breaches its last week low of 11,050 which also happens to be its current 200 DMA, then we can see further downside movement up to 10,450 where we see the next support.

8:56 AM

As the poll haze clears, check out the top sectors experts are betting on

Apart from election results outcome, other key near-term monitorable include progress of monsoon, trends in rural consumption and events in the debt market READ MORE HERE

8:55 AM

Sebi floats discussion paper to plug gaps in buyback regulations

The Securities and Exchange Board of India (Sebi) on Wednesday floated a discussion paper to plug gaps in the buyback regulations.

 

At present, there is ambiguity on whether stand-alone and consolidated financials should be considered while evaluating various thresholds and conditions for buybacks. A company is permitted to conduct a buyback if its debt-equity ratio doesn’t exceed 2, after repurchase of securities. READ MORE

8:54 AM

MARKET VOICES :: ELECTION & MARKETS

Andrew Holland, CEO, Avendus Capital Alternate Strategies, U R Bhat, MD, Dalton Capital, Nilesh Shah, MD, Kotak Mutual Fund, Krishna Kumar Karwa, MD, Emkay Global, Jitendra Gohil, head of India equity research, Credit Suisse Wealth Management and Madan Sabnavis, chief economist, CARE Ratings will share their views and strategies all through the trading day today