MARKET WRAP: Sensex surges 835 pts, Nifty reclaims 11K; Nifty IT up over 3%

All that happened in the markets today

SI Reporter New Delhi

Representative image

8:45 AM

ALERT :: Nifty rejig effective from today

>> SBI Life Insurance and Divi's Laboratories will enter benchmark index Nifty 50 from September 25

>> Bharti Infratel and Zee Entertainment Enterprises will be dropped from the Nifty 50

>> SBI Life Insurance Company and Divi's Laboratories, NHPC, Page Industries and Shriram Transport Finance Company will be excluded from Nifty Next 50. In their places, Adani Green Energy, Alkem Laboratories, Bharti Infratel, Larsen & Toubro Infotech and Tata Consumer Products will be added in the index.

8:43 AM

Stock recommendations by Anand Rathi

SELL L&TFH | TARGET: 52 | STOP LOSS: 59

The stock has provided breakdown from a double-top formation, which was placed at 59 levels. It is also making a lower top and lower bottom formation on the daily chart. The momentum indicators and oscillators are in the sell mode on the daily as well weekly scales which hints at a further downside pressure in the counter. READ MORE

8:42 AM

Here's a derivative strategy on RBL Bank

Buy RBL Bank Oct 150 Put at Rs 9

Lot Size: 2600

Rationale:

Short build up is seen in the RBL Bank Futures’ where we have seen 2%(Prov) rise in the Open Interest with Price falling by 5%. READ MORE

8:40 AM

Fresh lockdown will affect silver more, says Bhavik Patel of Tradebulls Sec

Silver has witnessed more breakdown compared to gold as fresh lockdown will affect silver as base metal more. Also, return of silver from March till early September was more, so it is correcting more too. Silver volatility is trading at 49, sitting far from the monthly high (60.37) and near to monthly low (42.89). Since 1st Sept, Silver volatility is decreasing. Despite sharp fall in silver prices, silver volatility has jumped just from 43 to 49. READ MORE

8:37 AM

Bulk deals on NSE as on Thursday

Click here for complete list

8:36 AM

Bulk deals on BSE as on Thursday

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8:34 AM

DIIs saw inflow of Rs 188 cr on Thursday

8:32 AM

Rupee check

Source: Reuters

8:30 AM

Oil steady as market eyes coronavirus hit to demand

Oil prices were little changed on Friday but on track for a weekly fall on concerns that a global resurgence of Covid-19 infections will constrain fuel demand, while the likely return of exports from Libya will add to supply.

Brent crude LCOc1 was down 2 cents at $41.92 a barre, while US West Texas Intermediate (WTI) crude CLc1 was 3 cents firmer at $40.34.

(Source: Reuters)

8:28 AM