Sensex tanks 720 pts from day's high, ends 125 pts down; Nifty PSB drops 3%

On the weekly basis, the benchmark indices gained, thus taking their winning run to the fourth straight week

9:18 AM

OPENING BELL :: Sensex hits new high, up 271 points

9:13 AM

Commodity Check

9:08 AM

Sensex Heatmap :: Top gainers & losers in pre-open trade

9:07 AM

Nifty50 above 17,700-level in pre-open session; rises 78.5 points

9:04 AM

Pre-open session :: Sensex gains 252 points or 0.4%

8:54 AM

Stocks to watch: Biocon, Hero Moto, Poonawalla Fin, TVS Motor, bank stocks

Bank stocks: The Union Cabinet approved a government guarantee of up to Rs 30,600 crore for security receipts to be issued by National Asset Reconstruction Company Ltd (NARCL).

 

Biocon: Biocon Biologics, a subsidiary of Biocon, on Thursday said it will offer around 15 per cent stake to Serum Institute Life Sciences at a post-money valuation of about USD 4.9 billion. Serum Institute Life Sciences (SILS) is a subsidiary of Serum Institute of India (SII).  READ MORE

 

8:48 AM

Nandish Shah of HDFC Securities recommends Bull Spread on Torrent Power

Bull spread Strategy on TORRENT POWER

 

Buy TORRENT POWER SEPT 500 CALL at Rs 16.5 & simultaneously sell 520 CALL at Rs 9.5

 

Lot Size 1500

 

READ MORE

8:44 AM

Market Ahead Podcast, Sept 17: Factors that may guide the markets today

On Thursday, the BSE Sensex climbed the 59,000-mark for the first time, hitting a new high of 59,204. The Nifty50, meanwhile, claimed a new lifetime high of 17,645. Going-forward, market watchers are betting on a swift move towards 20,000 for the Nifty and 66,000 for the Sensex in the long-term.  Listen to the podcast here

8:39 AM

Here's why Osho Krishan expects HDFC to reclaim lifetime high soon

BUY HDFC LTD | TARGET: 2970 | STOP LOSS: 2700

 

HDFCLTD is in a secular uptrend and is heading strongly towards the lifetime high zone. On technical parameters, the stock is placed above all its major exponential moving averages indicating inherent strength and is even placed above the mean of the Bollinger band on the daily time frame. The stock has formed a strong bullish candlestick in the last trading session and is expected to surge higher to reclaim its lifetime high zone in the coming future. READ MORE

8:32 AM

FIIs were net buyers; DIIs turn net sellers

8:30 AM

BSE bulk deal data for Thursday

Read in detail here

8:29 AM

Bulk deal on NSE on Thursday

Click here for detail

8:27 AM

SGX Nifty indicates positive opening

>> At 8:25 AM, the SGX Nifty was at 17,692 levels, up by 0.49 per cent

8:24 AM

Rupee edges 2 paise lower at 73.52 against US dollar

The rupee closed marginally lower at 73.52 against the American currency on Thursday, tracking a rebound in the US dollar index. Forex traders said a bullish trend in the domestic equities and sustained foreign fund inflows supported the local unit, but firm crude oil prices and stronger dollar against key currencies weighed on overall sentiment.

 

At the interbank foreign exchange market, the domestic currency opened flat at 73.51, witnessed an intra-day high of 73.34 and a low of 73.52 against the American currency during day trade. The local unit finally settled for the day at 73.52, down 2 paise over its previous close.

 

Source: PTI

8:23 AM

Oil steady as U.S. storm-hit supply returns slowly

Oil prices barely moved on Friday even as more supply came back online in the U.S. Gulf of Mexico following two hurricanes, with benchmark contracts on track to post weekly gains of around 4% as the output recovery is seen lagging demand.

 

Source: Reuters