Bears tighten grip; Sensex slips 400 pts, Nifty holds 15,200; PSBs rally

In the intra-day session, the Sensex and the Nifty indices touched a low of 51,586 and 15,171, respectively.

9:08 AM

Top gainers and losers on S&P BSE Sensex at Pre-open

9:07 AM

Markets at Pre-open

9:06 AM

Markets at Pre-open

9:02 AM

Nifty outlook by HDFC Securities

Nifty has been taking support at its 5-day EMA and holding the short-term trend on the upside. The primary trend of the market is up, but although momentum is diminishing for the last couple of days, as far as Nifty is concerned. However, unless Nifty breaks the near-term support, which is placed at 15,200, traders should continue to hold on to their long positions. Short-term resistance for the Nifty is seen at 15,470-odd levels. READ MORE

8:59 AM

Trading tips by Ajit Mishra of Religare Broking

Lupin Limited
 

Recommendation: Buy

Target: 1150

 

Stop loss: 1050

 

We’re seeing consolidation in the pharma majors and Lupin is trading in line with the trend. It has formed a fresh buying pivot on the daily chart, after hovering in a range of 980-1115 levels. The chart formation and positioning of the confirmation indicators are pointing towards a strong up move ahead. READ MORE

8:55 AM

Stocks to watch: Nestle India, Adani Ports, L&T Finance, Heritage Foods

Adani Ports: The company said it has completed the acquisition of Dighi Port for Rs 705 crore and would invest over Rs 10,000 crore in developing it as an alternate gateway to JNPT.

 

L&T Finance Holdings: The company, last evening, informed exchanged that it has closed its rights issue and raised over Rs 2,998 crore. The rights issue was oversubscribed by approximately 15 per cent, it said in a release. READ MORE

8:52 AM

Bulk deals on the BSE as on Tuesday

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8:48 AM

Bulk deals on the NSE as on Tuesday

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8:44 AM

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

8:39 AM

Rupee check

Source: Bloomberg

8:34 AM

Oil retreats on rising US dollar

>> Oil prices fell in early trade on Wednesday as the U.S. dollar climbed, retreating after a two-day rally that was driven by an Arctic blast curbing output from oil and gas fields in Texas, the country’s biggest oil-producing state.

>> US West Texas Intermediate (WTI) crude futures gave up 33 cents, or 0.6% to $59.72 a barrel, retreating from a 13-month high of A$60.95 hit on Tuesday.

 

>> Brent crude futures dropped 40 cents, or 0.6%, to $62.95 a barrel, coming off three days of gains.

(Source: Reuters)

8:27 AM

SGX Nifty Update

>> At 8:20 am, the index was down 71 points at 15,257 levels.

8:21 AM

Wall Street check

The Wall Street registered a mixed close overnight as the expectation that US policymakers will stick with significant fiscal and monetary stimulus helped drive stocks higher while concerns over rising interest rates weighed on some sectors. The Dow Jones scored another record closing high on Tuesday, climbing 0.2 per cent. The S&P 500 fell 0.06 per cent, and the Nasdaq fell 0.34 per cent.

8:17 AM

Asian market check

The Asian markets witnessed a rather subdued start. Australia’s benchmark ASX 200 index was down 0.6 per cent in early trading, while Japan’s Nikkei and Hong Kong's Hang Seng index fell 0.7 per cent, each.

 

8:07 AM

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