MARKETS ON THURSDAY: Indices end lower, Nifty below 10,700; IT stocks fall

Benchmark indices declined on Thursday, dragged down by IT and pharma stocks

9:17 AM

Top Sensex gainers and losers

9:15 AM

Markets at Open

At 9:16 am, the S&P BSE Sensex was trading at 35,153, down 23 points while the broader Nifty50 index was ruling at 10,706, down 11 points

9:01 AM

Markets at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	35,126.86	-49.56	-0.14
S&P BSE SENSEX 50	11,247.81	+30.45	+0.27
S&P BSE SENSEX Next 50	34,454.91	+2.83	+0.01
S&P BSE 100	11,134.26	+25.60	+0.23
S&P BSE Bharat 22 Index	3,600.95	+18.32	+0.51

(Source: BSE)

8:52 AM

Top trading ideas for today's trade: Buy Bajaj Finserv, HDFC

Stock: BAJAJ FINSERV

Reco.: Buy

CMP : Rs 5,436

 

Fresh breakout from the 6 months consolidation indicates the ongoing secular upmove to remain intact. The continuation pattern on the daily scale indicates an initial target upto 5940, trading longs could be participated with a stop below 5300. READ MORE

8:51 AM

Today's picks: From ITC to HCL Technologies to watch on Thursday

 

ITC 

Current price: Rs 287

Target price: Rs 292
 

Keep a stop at Rs 284 and go long. Add to the position between Rs 290 and Rs 291 Book profits at Rs 292. READ MORE

8:47 AM

Nifty outlook and top trading ideas from Prabhudas Lilladher for today

Nifty after making a high of 10784 precisely at the resistance level & gave in to profit booking with volatility index getting in momentum, now implies market is likely to show fatigue at these levels with not ruling out a good corrective move. The support for the day is seen at 10660 while resistance is seen at 10770. Market now awaits the Fed meet outcome. READ MORE

8:44 AM

Fed holds interest rates steady, says inflation targets will be sustained

The Federal Reserve held interest rates steady on Wednesday and expressed confidence that a recent rise in inflation to near the U.S. central bank's target would be sustained, leaving it on track to raise borrowing costs in June.

 

The Fed's rate-setting committee also downplayed a recent slowdown in economic and job growth, saying that activity had been expanding at a moderate rate and job gains, on average, had been strong in recent months. READ MORE

File photo of US Federal Reserve. Photo: Shutterstock

8:42 AM

Markets on Wednesday

 

S&P BSE Sensex	35,176.42		0.05%
Nifty 50	10,718.05		-0.20%
S&P BSE 200	4,699.01		-0.52%
Nifty 500	9,444.50		-0.55%
S&P BSE Mid-Cap	16,813.60		-1.17%
S&P BSE Small-Cap	18,189.56		-1.15%

8:40 AM

SGX Nifty

The SGX Nifty was at 10,712, down 0.42 per cent from the previous close.

8:36 AM

Asian Markets

Asian shares were subdued on Thursday ahead of anxiously-awaited Sino-US trade talks, while the US dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes this year.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan was all but flat, while South Korean stocks eased 0.31 per cent. Japan’s Nikkei was closed for a holiday.

8:34 AM

Wall Street

US stocks fell on Wednesday as potential US restrictions on Chinese telecom companies reinforced investor concerns about worsening trade relations between the United States and China.

 

The Dow Jones Industrial Average fell 174.07 points (0.72 per cent) to 23,924.98, the S&P 500 lost 19.13 points (0.72 per cent) to 2,635.67 and the Nasdaq Composite dropped 29.81 points (0.42 per cent) to 7,100.90.

8:32 AM

Good Morning!

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