Sensex ends 130 pts lower, Nifty a tad above 10100; PSU banks, realty fall

All that happened in the market today

9:18 AM

Sectoral Indices

9:16 AM

Top gainers and losers 

9:15 AM

Market at Open

At 9:15 am, the S&P BSE Sensex was trading at 33,188, up 52 points while the broader Nifty50 index was ruling at 10,167, up 12 points

9:02 AM

Market at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	33,305.66	+169.48	+0.51
S&P BSE SENSEX 50	10,665.51	+45.23	+0.43
S&P BSE SENSEX Next 50	32,898.96	-7.67	-0.02
S&P BSE 100	10,571.23	+39.39	+0.37
S&P BSE Bharat 22 Index	3,473.00	+5.70	+0.16

(Source: BSE)

9:00 AM

Today's picks: From NTPC to Tata Motors, hot stocks to watch on Thursday

NTPC

Current price: Rs 170

Target price: Rs 174
 

Keep a stop at Rs 168 and go long. Add to the position between Rs 172 and Rs 173. Book profits at Rs 174. CLICK HERE TO READ MORE

8:57 AM

Trading strategies for volatile banking space

Given turmoil in the banking sector, traders will be looking to profit from price swings, as well as trying to hedge high volatility. Every listed bank has highly liquid stocks, and most are available in F&O (futures and options) segment. Typically, a hedger will be looking to use an index like the Nifty or the Bank Nifty to offset volatile bank stock exposures. READ MORE

8:53 AM

Top stocks to watch

BUY ASHOKA BUILDCON

CMP : Rs 246.65

TARGET : Rs 270

STOP LOSS : Rs 232
 

The stock has made a higher bottom formation pattern in the daily chart taking support at the 200 DMA which was at Rs 206 levels and has recovered gradually to indicate strength and has potential to rise further in the coming days. The stock has been currently maintaining at the significant moving average of 34 WMA which is at around Rs 225 levels and with the RSI showing a trend reversal has supported in our view of a positive bias.

With good volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 270 keeping a stop loss of Rs 232.

CLICK HERE TO READ MORE

8:50 AM

Nifty outlook for the day

Nifty has been oscillating between the levels of 10,050-10,250. Market players await the Fed outcome and we anticipate some volatility in the market. Since Nifty could not sustain above the 200 DMA level, the bias has turned negative. The support for the day is seen at 10,090 while the resistance would be at 10,210 levels.

8:49 AM

US Fed raises key interest rate by 0.25%, sees two more hikes in 2018

 

The Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, signaling growing confidence US tax cuts and government spending will boost the economy and inflation and lead to more aggressive future tightening.

 

In its first policy meeting under new Fed chief Jerome Powell, the US central bank indicated that inflation should finally move higher after years below its 2% target and that the economy had recently gained momentum. READ MORE

8:49 AM

Markets on Wednesday

 

S&P BSE Sensex	33,136.18		0.42%
Nifty 50	10,155.25		0.31%
S&P BSE 200	4,443.94		0.33%
Nifty 500	8,949.10		0.32%
S&P BSE Mid-Cap	16,031.70		0.22%
S&P BSE Small-Cap	17,244.42		0.31%

8:48 AM

SGX Nifty

The SGX Nifty was at 10,186, up 0.07% from the previous close.

8:42 AM

Asian Shares

Worries about a potential trade war between China and the United States kept gains in Asian shares in check.

 

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent, with South Korea's Kospi hitting six-week high, while Japan's Nikkei gained 0.2 per cent in early trade.

8:36 AM

Wall Street

The US stocks ended slightly lower on Wednesday, with major indexes giving up gains in choppy trade after the Federal Reserve raised US interest rates, while a strong gain in the energy space helped limit losses.

 

The Dow Jones Industrial Average fell 44.96 points, or 0.18 per cent, to end at 24,682.31, the S&P 500 lost 5.01 points, or 0.18 per cent, to 2,711.93 and the Nasdaq Composite dropped 19.02 points, or 0.26 per cent, to 7,345.29.

8:33 AM

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