MARKET WRAP: Indices end flat; SBI gains 4%, Dr Reddy's up 6% post Q4 nos
Markets pared their morning gains to end flat on Tuesday amid weakness in their Asian counterparts
 "Markets, Stocks, BSE, NSE, SENSEX")
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9:18 AM
Sectoral Trend
9:17 AM
Top Sensex gainers and losers
9:16 AM
Markets at Open
At 9:16 am, the BSE Sensex was trading at 34,636, up 21 points while the broader Nifty50 index was ruling at 10,527, up 10 points
At 9:16 am, the BSE Sensex was trading at 34,636, up 21 points while the broader Nifty50 index was ruling at 10,527, up 10 points
9:02 AM
Markets at pre-open
(Source: BSE)
| Index | Current | Pt. Change | % Change |
| S&P BSE SENSEX | 34,536.41 | -79.72 | -0.23 |
| S&P BSE SENSEX 50 | 10,996.38 | -15.00 | -0.14 |
| S&P BSE SENSEX Next 50 | 31,902.82 | -46.29 | -0.14 |
| S&P BSE 100 | 10,795.91 | -14.87 | -0.14 |
| S&P BSE Bharat 22 Index | 3,504.46 | -1.44 | -0.04 |
(Source: BSE)
8:53 AM
Singapore Exchange Ltd (SGX) said on Tuesday the National Stock Exchange of India had applied for an interim injunction in an Indian court on SGX's new derivatives products, but SGX plans to go ahead and list them next month. READ MORE
SGX says to list Indian derivatives despite legal move by Indian bourse
Singapore Exchange Ltd (SGX) said on Tuesday the National Stock Exchange of India had applied for an interim injunction in an Indian court on SGX's new derivatives products, but SGX plans to go ahead and list them next month. READ MORE
8:48 AM
Today's picks: From Sun Pharma to CIL, hot stocks to watch on Tuesday
Sun Pharma
Current price: Rs 444
Target price: Rs 436
Keep a stop at Rs 449 and go short. Add to the position between Rs 438 and Rs 440. Book profits at Rs 436. READ MORE
8:44 AM
Infosys and TCS: Two IT stocks that you can buy today
TCS
TCS has provided a breakout from an ascending triangular pattern, which is a bullish continuation pattern. The momentum indicator MACD is well in buy mode on the hourly charts. The eekly and monthly patterns also indicate bullish momentum since the last couple of weeks. A fresh breakout with a buy confirmation from the momentum increases the probability of an upside. The short term target is Rs 3670. Maintain stop loss at Rs 3468.
Infosys
Infosys, too, has formed a nice symmetrical triangular pattern that is also a continuation pattern. The stock had an uptrend prior to this consolidation, hence a breakout on the upside can’t be ruled out. The minimum target on the upside is Rs 1,275. Maintain a stop loss at Rs 1,140. The momentum indicator is also well into buy mode, which is a bullish sign going forward. READ MORE
8:41 AM
Nifty outlook from Prabhudas Lilladher for today
The Nifty has corrected nearly by 4 per cent from its peak of 10930. The near-term support now occurs at 10440-10500 levels, which would be a retracement of around 50 per cent. A bounce from this level is very likely, failing which we can see a further slide up to 10330, which also coincides with 200DMA. The support for the day is seen at 10450 while resistance is seen at 10570. READ MORE
The Nifty has corrected nearly by 4 per cent from its peak of 10930. The near-term support now occurs at 10440-10500 levels, which would be a retracement of around 50 per cent. A bounce from this level is very likely, failing which we can see a further slide up to 10330, which also coincides with 200DMA. The support for the day is seen at 10450 while resistance is seen at 10570. READ MORE
8:40 AM
Oil prices rise on worries over Venezuelan supply
Oil prices rose on Tuesday amid worries that Venezuela's crude output could drop further following a disputed presidential election in the country and with potential sanctions on the OPEC-member.
Brent crude futures were at $79.37 per barrel, up 15 cents, from their last close. Brent broke through $80 for the first time since November 2014 last week. US West Texas Intermediate (WTI) crude futures were at $72.49 a barrel, up 25 cents from their previous settlement. READ MORE
8:37 AM
Markets on Monday
| S&P BSE Sensex | 34,616.13 | -0.67% | |
| Nifty 50 | 10,516.70 | -0.75% | |
| S&P BSE 200 | 4,554.33 | -0.93% | |
| Nifty 500 | 9,108.70 | -1.09% | |
| S&P BSE Mid-Cap | 15,635.75 | -1.64% | |
| S&P BSE Small-Cap | 16,946.38 | -2.20% | |
8:36 AM
SGX Nifty
The SGX Nifty was at 10,531.50, down 0.10 per cent from the previous close.
The SGX Nifty was at 10,531.50, down 0.10 per cent from the previous close.
8:35 AM
Asian Markets
The dollar hovered near four-month highs on Tuesday on renewed optimism about global growth as the United States and China agreed to drop their tariff threats. While the apparent truce over their trade disagreements bolstered sentiment on Wall Street, it failed to excite stock markets in Asia.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1 per cent, while Japan's Nikkei was barely changed.
8:32 AM
Wall Street
US stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent.
The Dow Jones Industrial Average rose 298.2 points, or 1.21 per cent, to 25,013.29, the S&P 500 gained 20.04 points, or 0.74 per cent, to 2,733.01, and the Nasdaq Composite added 39.70 points, or 0.54 per cent, to 7,394.04.
US stocks rose on Monday and gains in industrials helped propel the Dow to a more than two-month closing high, after a truce between the United States and China calmed fears that a trade war might be imminent.
The Dow Jones Industrial Average rose 298.2 points, or 1.21 per cent, to 25,013.29, the S&P 500 gained 20.04 points, or 0.74 per cent, to 2,733.01, and the Nasdaq Composite added 39.70 points, or 0.54 per cent, to 7,394.04.
8:31 AM
Good Morning!
Welcome to Business Standard's live blog on markets.
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First Published: May 22 2018 | 3:30 PM IST
