MARKETS ON TUESDAY: Nifty ends above 10,600; metal stocks fall; RIL up 4%

Benchmark indices edged up on Tuesday, with financials and pharma stocks boosting sentiment

9:02 AM

Market at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,569.98	+119.21	+0.35
S&P BSE SENSEX 50	11,114.58	+40.92	+0.37
S&P BSE SENSEX Next 50	34,541.75	-19.84	-0.06
S&P BSE 100	11,027.13	+33.12	+0.30
S&P BSE Bharat 22 Index	3,589.52	+17.65	+0.49

(Source: BSE)

8:50 AM

Market borrowings by states decline 5.6% to Rs 3.6 trillion in FY18

Market borrowings by the state government fell by 5.6 per cent in 2017-18 to Rs 3.61 trillion compared with Rs 3.82 trillion in FY17 as the cost of borrowing shot up. Maharashtra borrowed the most at Rs 425 billion which was six per cent higher than what it borrowed in FY17. Next to Maharashtra was Uttar Pradesh (Rs 386 billion) and Tamil Nadu (Rs 360 billion). READ MORE

8:43 AM

Infosys draws up three-year road map to accelerate growth in digital space

On a day when its closest rival Tata Consultancy Services achieved the distinction of becoming the first Indian IT company to cross $100 billion in market cap, top leaders of Infosys led by newly appointed Chief Executive Officer and Managing Director Salil Parekh were busy convincing investors in Mumbai how they are trying to build a company that has put in place all the building blocks to emerge as a leader in the digital space, where most of the client budgets are going today. READ MORE

Infosys

8:39 AM

Nifty outlook and top stock picks by Motilal Oswal Securities

Nifty index formed a higher wave Doji Candle as traded in a wider range of 10,514 to 10,638 level. It witnessed buying interest in morning but it decline in last hour of the session. It witnessed profit booking at higher levels as it got stuck in the grip of option writers ahead of the April derivatives expiry. Now till it remains above 10,480-10,500 zones, it has potential to move towards 10,630 then 10,700 levels. READ MORE

8:35 AM

Today's picks: From Vedenta to Sun Pharma, hot stocks to watch on Tuesday

Vedanta

Current price:Rs 305

Target price:Rs 300

 

Keep a stop at Rs 308 and go short. Add to the position between Rs 301 and Rs 302. Book profits at Rs 300. READ MORE

8:33 AM

Nifty outlook and top trading ideas from Prabhudas Lilladher for today

Nifty has gradually progressed towards 10,600 levels, hence for near-term 10,500 holds to be a crucial support level. The support for the day is seen at 10,530 while resistance is seen at 10,640. READ MORE

8:30 AM

Markets on Monday

 

S&P BSE Sensex	34,450.77		0.10%
Nifty 50	10,584.70		0.20%
S&P BSE 200	4,654.91		0.19%
Nifty 500	9,373.40		0.28%
S&P BSE Mid-Cap	16,881.11		0.49%
S&P BSE Small-Cap	18,274.20		0.53%

8:28 AM

SGX Nifty

The SGX Nifty was at 10,567.50, down 0.19 per cent from the previous close.

8:26 AM

Asian Markets

Asian stocks slipped and the US. dollar advanced on Tuesday, as a deluge of US government debt this week and the specter of inflation and a higher fiscal deficit drove US borrowing costs near four-year highs.

 

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.25 per cent. Japan's Nikkei rose 0.7 per cent thanks to fall in the yen.

8:24 AM

Wall Street

Wall Street ended mixed on Monday as concerns about soft smartphone demand weighed on tech stocks and pulled the Nasdaq lower while earnings optimism protected against deeper losses.

 

The Dow Jones Industrial Average fell 14.25 points (0.06 per cent) to 24,448.69, the S&P 500 gained 0.15 points (0.01 per cent) to 2,670.29, and the Nasdaq Composite dropped 17.53 points (0.25 per cent) to 7,128.60.

8:23 AM

Good Morning!

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