Sensex ends 284 points down, Nifty at 10,154; PSU bank index crack over 3%

All that happened in the markets today.

8:57 AM

Chart Check (Image source: Geojit Research)

8:54 AM

News Watch Sugarcane price arrears to farmers at nearly Rs 140 billion

Sugar stocks can be in focus today. According to news reports, sugar mills owed nearly Rs 140 billion to sugarcane farmers at the end of January in the ongoing marketing season, the government said on Tuesday. Sugar marketing year runs from October to September. READ MORE

8:50 AM

Funds bought record Rs 1.3 trillion stocks so far this financial year

Equity fund managers, flush with strong domestic inflows, have invested a record Rs 1.3 trillion in stocks so far this financial year. The tally is more than double that in 2016-17. READ MORE

8:47 AM

Today's picks: From Airtel to HUL, hot stocks to watch on Wednesday

Bharti Airtel
Current price: Rs 413
Target price: Rs 402
Keep a stop at Rs 416 and go short. Add to the position between Rs 404 and Rs 405. Book profits at Rs 402. 

CLICK HERE FOR MORE

8:44 AM

Rich get richer as booming stock markets swell ranks of the ultra-wealthy

 

Stronger global growth and booming stock markets have been great for the super rich. The number of people with more than $50 million of net assets rose 10 percent last year, the fastest pace in at least five years in 2017, according to a report published Wednesday by broker Knight Frank LLP. READ MORE

8:38 AM

Top stocks to look out for

BUY BPCL
CMP: Rs 445.20
TARGET: Rs 490
STOP LOSS: Rs 430

The stock has given a decent correction from the peak of Rs 494 and has made a bottom formation pattern at around Rs 424 levels and currently has regained momentum to indicate strength and potential to cruise further in the coming days.

 

The indicators like RSI has been on the rise to confirm a positive bias while the MACD also has indicated a trend reversal to signal a buy. With good volume participation, we recommend a buy in this stock for an upside target of Rs 490 keeping a stop loss of Rs 430.

CLICK HERE TO READ MORE

8:35 AM

Support for Nifty seen at 10,180, resistance at 10,300: Prabhudas Lilladher

 

Technically, now Nifty has broken the major support level of 10,280 in the daily chart and has opened the new support level of 10,100 which is also more or less where the significant moving average of 200 DMA lies. The pessimism has crept in with the Banking counters looking weak and we anticipate further selloff in the coming days. However, the support for the day is seen at 10,180 while the resistance is seen at 10,300.

8:33 AM

Asian Markets

The MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.25 per cent, while  Japan’s Nikkei retreated 0.2 per cent. South Korea’s KOSPI bucked the trend and rose 0.3 per cent.

8:27 AM

Markets on Tuesday

 

S&P BSE Sensex	33,317.20		-1.27%
Nifty 50	10,249.25		-1.06%
S&P BSE 200	4,479.46		-1.05%
Nifty 500	9,039.80		-1.05%
S&P BSE Mid-Cap	16,167.85		-0.84%
S&P BSE Small-Cap	17,652.32		-1.32%

8:24 AM

Wall Street

The Dow Jones Industrial Average rose 9.36 points, or 0.04 per cent, to close at 24,884.12, the S&P 500 gained 7.18 points, or 0.26 per cent, to 2,728.12 and the Nasdaq Composite added 41.30 points, or 0.56 per cent, to 7,372.01.

8:23 AM

SGX Nifty

The SGX Nifty was at 10,224.50, down 0.07% from the previous close.

8:22 AM

Good morning!

Welcome to Business Standard's live blog on markets.