RIL, banks drag Sensex 871 pts lower at 49,180, Nifty below 14,550

Weightage-wise, Reliance Industries, ICICI Bank, HDFC Bank, HDFC, Infosys, Axis Bank, ITC, and SBI were responsible for 600 points cut in the Sensex

9:06 AM

Sensex Heatmap | Top gainers & losers in pre-open session

9:04 AM

Nifty in the red in pre-open trade

9:03 AM

Pre-open session: Sensex trades nearly 100 points higher

9:02 AM

Stocks to watch: Anupam Rasayan, Rail Vikas Nigam, Hero MotoCorp, RIL, IFCI

Rail Vikas Nigam: The government will sell up to 15 cent stake in Rail Vikas Nigam through an offer for sale. The offer to sell the government’s 10 per cent stake would open for institutional investors today.

 

Anupam Rasayan: Shares of Anupam Rasayan will debut on bourses today. The IPO was subscribed 44 times and was commanding a premium of 13 per cent in the grey market as of yesterday. READ MORE

9:01 AM

Two stock ideas by Vinay Rajani: Buy Happiest Minds, Godrej Industries

Buy Happiest Minds Tech (Rs 546): | Target Rs 580 | Stop-loss Rs 510

 

Midcap IT stocks have been performing very well for the last couple of months. The stock has been consolidating in a narrow range for the last five consecutive weeks between the weekly closing range of 530 and 540. READ MORE

8:59 AM

Trading idea by Ajit Mishra: Sell April futures of Motherson Sumi

Sell April Futures of Motherson Sumi Systems Limited

Last close: Rs 212.50

Initiation range: Rs 212-214

Target: Rs 197

Stop loss: Rs 221

 

MOTHERSUMI has witnessed a breakdown from a distribution pattern on the daily chart and is likely to test the support zone of the short-term moving average(50 EMA) soon. READ MORE

8:57 AM

BSE bulk deals on Tuesday

Click here to read in detail

8:56 AM

NSE bulk deal data for Tuesday

Read in detail here

8:55 AM

FIIs and DIIs net sellers on Tuesday

8:49 AM

Rupee check

(Source: Bloomberg)

8:48 AM

Oil rises on bargain-hunting but oversupply fears cap gains

Oil prices edged higher on Wednesday as investors looked for bargains following the previous day’s plunge, but gains were capped as pandemic lockdowns in Europe and a build in U.S. crude stocks curbed risk appetite and raised oversupply fears.

Brent crude futures rose 27 cents, or 0.4 per cent, to $61.06 a barrel by 0108 GMT, after tumbling 5.9 per cent and hitting a low of $60.50 the previous day.

(-- via Reuters)

8:46 AM

SGX Nifty update

>> At 8:30 am, the index was trading 80 points down at 14,744 levels.

8:44 AM

Asian markets check

(Source: Reuters)

8:42 AM

Wall Street update

On Wall Street, the Dow Jones fell 0.9 per cent, the S&P 500 lost 0.76 per cent, and the Nasdaq dropped 1.1 per cent as the cost of the US stimulus and infrastructure plans and new pandemic curbs limited investors’ risk appetite.

8:12 AM

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