MARKET WRAP: Indices settle at record high led by L&T, Infosys, HDFC

Among sectoral indices, the Nifty Metal index settled 3% higher led by a sharp rise in the shares of Hindalco Industries and Jindal Steel & Power.

9:21 AM

BSE Sensex gainers and losers

9:17 AM

Market at open

 

At 9:16 AM, the S&P BSE Sensex was trading at 36,817, up 98 points while the broader Nifty50 was ruling at 11,114, up 29 points.

 

9:01 AM

Markets at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	36,882.41	+163.81	+0.45
S&P BSE SENSEX 50	11,658.66	+61.00	+0.53
S&P BSE SENSEX Next 50	31,963.12	+27.83	+0.09
S&P BSE 100	11,350.97	+52.27	+0.46
S&P BSE Bharat 22 Index	3,392.18	+22.01	+0.65

(Source: BSE)

8:56 AM

Commodity watch: Oil prices fall as oversupply concerns weigh

Oil prices extended losses on Tuesday as attention shifted to the risk of oversupply, with market participants shrugging off escalating tensions between the United States and Iran.

 

Brent crude oil was down 10 cents, or 0.14 percent, at $72.96 a barrel by 0037 GMT, after settling down 1 cent on Monday. U.S. crude was down 9 cents, or 0.13 percent, at $67.80 a barrel. The contract fell 37 cents the previous day READ MORE

8:55 AM

Global markets China's bond yields jump, yuan falls on policy stimulus bets

Chinese government bond yields jumped and the offshore yuan hit its weakest level in more than a year on Tuesday after China's cabinet said it would pursue a more vigorous fiscal policy and as traders bet on further easing in monetary conditions READ MORE HERE

8:50 AM

Top trading ideas by Anand Rathi Research: Buy Sterlite, Aurobindo Pharma

SUN PHARMACEUTICAL INDUSTRIES: BUY

TARGET: Rs 590

STOP LOSS: Rs 545

 

The stock has provided a breakout from the falling trend line resistance with a buy crossover in its momentum indicator MACD on the hourly charts. With this breakout, the stock seems to have completed a wave 4 correction and wave 5 up seems to have ensued, hence we recommend buying this stock for the target of 590 with a stop loss of 545 READ MORE HERE

8:48 AM

Kotak Securities on Arvind

We believe that Arvind being a major player in branded apparel business and having long history in textiles business would be benefited by rising disposable income, growth in retail sector and increasing preference towards branded apparels. We believe that the demerger of branded apparel and engineering business would unlock value of each of the businesses post listing. We initiate coverage on the stock with BUY recommendation and SOTP based target price of Rs 500

8:45 AM

UBS on real estate sector

RERA implementation has been slow and awareness is much lower than we had expected. This may imply that demand may take longer to recover, but favourable supply-side dynamics are already visible. The top 10 developers are gaining share strongly in both launches and sales. Despite 7% outperformance, we believe our preferred property stocks are not pricing in the accelerated market-share gains ahead. Reiterate Buy on Godrej, Oberoi, and Prestige

8:41 AM

Today's picks: From Bajaj Auto to ITC, hot stocks to watch on Tuesday

ITC 

Current price: Rs 284

Target price: Rs 288

 

Keep a stop at Rs 282 and go long. Add to the position between Rs 286 and Rs 287. Book profits at Rs 288 READ MORE

8:40 AM

Investment in P-notes plunges to more than 9-year low of Rs 836.88 bn

Investments through participatory notes into Indian capital markets plunged to more than nine-year low of Rs 836.88 billion at June-end amid stringent norms put in place by the watchdog Sebi to check misuse of these instruments READ MORE

8:39 AM

MUST READ Sebi probes sharp fall in the midcap stocks amid unfair trade allegations

The market regulator Securities and Exchange Board of India (Sebi) has begun a preliminary investigation into the crash in share prices of small- and mid-cap companies in recent months. Sources say the regulator is probing the abrupt price movement in close to 70 stocks, following red flags raised by its surveillance system CLICK HERE FOR MORE

8:37 AM

Stock ideas for today: ICICI Bank, Jindal Steel and Power

BUY ICICI BANK CMP : 275.55 TARGET : 299 STOP LOSS : 260

 

The stock has been maintaining a good base at around 258-260 levels and almost has made a double bottom formation pattern in the daily chart and currently has indicated a positive candle to signify strength and has potential to rise further in the coming days. READ MORE HERE

8:35 AM

Markets on Monday

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	36,718.60	+222.23	+0.61
S&P BSE SENSEX 50	11,597.66	+68.21	+0.59
S&P BSE SENSEX Next 50	31,935.29	+558.73	+1.78
S&P BSE 100	11,298.70	+85.39	+0.76
S&P BSE Bharat 22 Index	3,370.17	+41.82	+1.26

8:34 AM

SGX Nifty

The SGX Nifty was at 11,097, slightly down by 0.02 per cent from the previous close.

8:32 AM

Asian Markets

Shanghai shares seemed to get a boost from news Beijing would adopt a more "vigorous" fiscal policy, including company tax cuts. Chinese blue chips rose 1.6 per cent to a one-month high, while MSCI's broadest index of Asia-Pacific shares outside Japan added 0.47 per cent. Japan's Nikkei edged up 0.5 per cent even as a disappointing reading on local factory activity suggested the threat of a trade war was starting to bite.