Fag-end selling drags Sensex 163 pts down; mid-caps gain; Voda Idea up 10%

Earlier in the day, the 30-share index scaled mount 56,000 and hit a fresh record high of 56,118. The Nifty50, on the other hand, hit a new high of 16,702

8:53 AM

Top stocks to watch today

HDFC Bank: In a partial relief to HDFC Bank, the Reserve Bank of India has allowed the lender to issue new credit cards, sources in the bank said. In December last year, the banking regulator had directed HDFC Bank not to issue new credit cards and halt all launches of its digital business-generating activities under its programme Digital 2.0. 

 

Canara Bank: The state-run lender opened its QIP on Tuesday to raise up to Rs 2,500 crore and set the floor price of the issue at Rs 155.58 per equity share. READ MORE

8:46 AM

'Nifty can easily cross 17,000 level'

Nifty is in continuation of an uptrend. The IT sector has helped the 50-pack index outperform other indices. Banking and NBFC indices, which have been consolidating, are also expected to perform from hereon. ADX indicator has crossed the DI line on the upside, which indicates high momentum phase for the Nifty and could easily push the index past 17,000 levels soon. Support for the Nifty is seen at 16,350. READ MORE

8:41 AM

Three stock picks by Ajit Mishra of Religare Broking to bet on

Indian Oil Corporation Limited

 

Recommendation: Buy

 

We’re seeing recovery in the energy pack and oil marketing companies (OMCs) are also trading in sync with the move. Among the OMC counters, IOC looks set to resume the uptrend after forming a base above the support zone of medium-term moving average (100 EMA) on the daily chart. We thus recommend creating fresh longs in the mentioned zone. READ MORE

8:34 AM

FII/DII activity on Tuesday

8:30 AM

Rupee check

Source: Bloomberg

8:25 AM

Oil check :: Brent crude back below $70/bbl-mark

8:21 AM

SGX Nifty marginally higher

>> At 8:18 AM, the index was at 16,646, up 43 points.

8:16 AM

Wall Street slides the most in a month

Wall Street's main indexes slid in overnight session, with the S&P 500 logging its biggest one-day percentage fall in about a month, weighed down by a drop in US retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot.

 

Overall, the Dow Jones Industrial Average fell 0.79%, the S&P 500 lost 0.71% and the Nasdaq Composite dropped 0.93%.

8:12 AM

Asian market start higher

Japan’s Topix index added 0.4%, Australia’s S&P/ASX 200 Index was steady, South Korea’s Kospi index increased 0.3% and Hong Kong’s Hang Seng Index rose 0.1%.

8:07 AM

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