Sensex ends lacklustre session 29 points down; broader indices outperform

Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others

8:56 AM

Nifty in consolidation mode; short-term trend bullish, says Vinay Rajani

The NSE Nifty fell the second consecutive session to close at 17,362. This can be considered as a consolidation in an overall bullish trend. The Nifty is still maintaining its level above its 5, 10 and 20 days EMA, which indicates bullish trend for short term. Support for the Nifty is seen at 17,050 levels and traders can hold longs with that as a Stop Loss.  READ MORE

 

8:52 AM

Eicher Motors, Zee Ent: Trading ideas by Ajit Mishra of Religare Broking

Eicher Motors Limited

Recommendation: Buy

 

We are seeing a mixed trend within the auto space and Eicher Motors has recently witnessed a breakout from a consolidation range of Rs 2,500-2750.READ MORE

 

8:43 AM

Both FIIs and DIIs were net sellers on Tuesday

8:34 AM

BSE bulk deal data for Tuesday

Read in detail here

8:32 AM

Bulk deal on NSE on Tuesday

Click here for detail

8:30 AM

SGX Nifty signals a positive start

>> At 8:30 AM, the SGX Nifty was at 17,417.50 levels, up 48.25 points.

8:26 AM

Oil prices steady

Crude oil steadied after a two-day decline. The international benchmark Brent crude futures were below the flatline, at $71.66 per barrel. US crude futures advanced 0.16 per cent to $68.46 per barrel

8:24 AM

Asian shares on edge in choppy trading

Asian shares hovered just off six-week highs on Wednesday, as a more risk-averse mood spread into the market from the US overnight due to worries about slowing growth that hurt equities. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.13% having posted gains, if sometimes small, for 11 of the last 12 sessions.

 

Japan’s Nikkei reversed early losses and was last 0.42% higher after revised gross domestic product growth figures beat expectations for the world’s third-biggest economy. Most other moves were muted in early trading. Australia slipped 0.32%, Chinese blue chips fell 0.04%, and the Hong Kong benchmark gained 0.12%.

 

Source: Reuters

 

8:21 AM

US stocks fall amid concern recovery has peaked

US shares had slipped on concerns that the country's economy may be starting to slow following the weaker-than-expected jobs data on Friday evening after which markets were closed for a long weekend. The Dow Jones Industrial Average and S&P 500 fell 0.76% and 0.34%, respectively, while the Nasdaq Composite climbed 0.07% to another record close as investors switched out of cyclicals into blue-chip tech stocks.

 

Source: Reuters

8:16 AM

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