Sensex ends at record high, up 476 pts; Voda Idea gains 3% on govt relief

Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday

8:54 AM

Gail India, Indraprastha Gas have given a fresh breakout, says Ajit Mishra

Apollo Tyres Limited

 

Recommendation: Buy

 

Last Close: Rs 221.05

 

Initiation range: Rs 218-220

 

Target: Rs 234

 

Stop loss: Rs 213

 

We’re seeing noticeable traction in tyre stocks with the rebound in the auto counters. Apollo Tyre has been witnessing a gradual up move after retesting the major support zone of long term moving average (200-EMA). Indications are in the favour of a steady rise from hereon.  READ MORE

 

 

 

 

8:41 AM

Market Ahead Podcast, Sep 15: Top factors that could guide markets today

Economic data points from the American, European, and Chinese economies will be the key driving forces for the markets on Wednesday. In early trading, Asian markets will react to the US inflation data for August, released overnight. The focus will later shift to China and Euro Zone's industrial production data for August and July, respectively. READ MORE

 

8:35 AM

FIIs turn net buyers, while DIIs were net sellers

8:32 AM

BSE bulk deal data for Tuesday

Read in detail here

8:31 AM

Bulk deal on NSE on Tuesday

Click here for detail

8:27 AM

SGX Nifty indicates firm start

>> At 8:25 AM, the SGX Nifty was at 17,423.5 levels, up 36.5 points

8:22 AM

Rupee plunges 18 paise to close at 73.60 against US dollar

Depreciating for the third straight session, the Indian rupee fell 18 paise to close at 73.60 (provisional) against the US dollar on Wednesday, tracking a strong American currency in the overseas market and muted trend in domestic equities.

 

At the interbank foreign exchange market, the local currency opened at 73.48 and dropped to a low of 73.70 in the day trade. The domestic unit finally settled at 73.60 against the greenback, down 18 paise over its previous close.

 

Source: PTI

8:21 AM

Oil prices climb after drawdown in stocks, positive demand outlook

Oil prices climbed on Wednesday after industry data showed a larger than expected drawdown in crude oil stocks in the United States, the world's largest oil consumer, and on expectations that demand will recover as vaccine roll-outs widen. Brent crude oil rose 39 cents, or 0.5%, to $73.99 a barrel by 0133 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 44 cents, or 0.5%, to $70.90 a barrel.

 

Source: Reuters

8:20 AM

Nikkei slips from 3-decade high on profit-taking, Topix sheds over 1%

Japanese shares retreated on Wednesday from three-decade peaks hit in the previous session, as investors took profits after a strong rally over the last two weeks on hopes of a new government and a fresh economic stimulus. The Nikkei average dropped 0.79% to 30,428.74. The broader Topix shed 1.14% to 2,094.80.

 

Hong Kong's Hang Seng led the losses in early Wednesday deals, sliding over 1 per cent. This was followed by Japan's Nikkei (down 0.75 per cent), and Australia's ASX200 (0.4 per cent). On the contrary, South Korea's Kospi was up 0.08 per cent.

 

Source: Reuters

8:19 AM

US markets end lower on Tuesday

On Tuesday, the Dow Jones Industrial Average fell 292.06 points, or 0.8%, to 34,577.57, retreating after it snapped a five-day losing streak on Monday. The S&P 500 lost 0.6% to finish at 4,443.05 and the Nasdaq Composite slipped 0.5% to 15,037.76. The Dow Jone and S&P have now traded in the red for six of the last seven days. September has historically been a down month for the markets. Further, the US Labor Department released data showing a smaller-than-expected rise in inflation for the month of August. 

8:12 AM

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