Bull run continues for 3rd day; Sensex ends 254 pts up; IT, metal stks jump

Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.8 per cent higher, followed closely by the Nifty IT index (up 1.6 per cent).

9:04 AM

Top stocks that are likely to be in focus today

Godrej Properties: The company, on Tuesday, launched a qualified institutional placement (QIP) issue to raise up to Rs 3,750 crore through the sale of shares.

 

Vodafone Idea: The telecom operator is in the advance stages of processing order for network capacity expansion in six circles through Chinese telecom gear makers, according to industry sources aware of the development, a PTI report said. READ MORE

9:00 AM

Nifty outlook & stock picks by Vinay Rajani

The Nifty50 index, on Tuesday, managed to close at the highest level in the last three sessions, near the 15,100 levels. Meanwhile, the 8-day, 13-day and 21-day EMAs have converged, which shows the consolidation in the current market trend. However, stock-specific bullish moves are still there in the market. On the index level, traders should remain bullish on Nifty with a stop loss of 14,862. On the upside, Nifty has got resistance at 15,273 and 15,432. READ MORE

8:58 AM

Weekly stock recommendations by Ajit Mishra

Asian Paints Limited

Recommendation: Buy

Target: 2,530

Stop loss: 2,360

Asian Paints has been seeing correction for the last two months, after making a new record high at 2873.45 levels. It has formed a base around the support zone of the medium-term moving average(100 EMA) on the daily chart and likely to see a rebound now. We thus advise creating fresh longs in the mentioned zone. READ MORE

8:54 AM

Bulk deals on the BSE as on Tuesday

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8:50 AM

Bulk deals on the NSE as on Tuesday

Click here for complete list

8:46 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:42 AM

Rupee check

Source: Bloomberg

8:39 AM

Oil prices edge up ahead of US inventories data

>> Oil ticked higher on Wednesday, after falling for two straight sessions, with investors looking ahead to US inventories data due later in the day for pointers on where prices will head next.

>> Brent crude for May rose 15 cents, or 0.2%, to $67.67 a barrel by, while US West Texas Intermediate crude for April was at $64.24 a barrel, up 23 cents, or 0.4%.

(Source: Reuters)

8:33 AM

SGX Nifty Update

>> At 8:32 am, the index was ruling 96 points, or 0.63 per cent, higher at 15,256.

8:29 AM

Wall Street check

On Wall Street, each of the major averages closed higher overnight as falling bond yields eased concerns about surging inflation. Nasdaq gained nearly 4 per cent, giving the tech-heavy index its best day since November 4. The Dow rose 0.1 per cent, and the S&P 500 gained 1.42 per cent.

8:27 AM

Asian markets

Asian stocks were flat to positive in Wednesday's early deals. Hong Kong's Hang Seng index ruled over 1 per cent higher. However, Japan's Nikkei and Australia’s ASX 200 indexes were flat.

8:16 AM

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