Markets end lower for 5th straight session, Nifty below 9,900; realty drags

Catch all that happened in the market here

10:01 AM

Buzzing stock

 

Oberoi Realty rallied over 7% to Rs 437 after GlaxoSmithKline Pharmaceuticals said its board has approved the sale of around 60 acres of company land in Thane to Oberoi RealtyBSE 6.38 % for Rs 555 crore. 

 

9:43 AM

Top five losers on Nifty

Source: NSE

9:36 AM

Nifty breaks below 9,900

Source: NSE

9:23 AM

Top Sensex losers and gainers 

Source: BSE

9:22 AM

Broader markets underperform

The BSE Midcap and the BSE Smallcap indices shed 0.6% each in early trade. 

9:20 AM

Markets at open 

At 9:20 am, the Sensex was trading at 31,775, down 144 points, while the broader Nifty50 was ruling at 9,922, down 43 points. 

9:13 AM

FIIs on selling spree

 

Foreign investors remained in exit mode as they have pulled out nearly Rs 5,500 crore from stock markets so far this month due to geopolitical concerns and a tendency to take profit.

 

According to the latest depository data, the FPIs withdrew a net Rs 5,492 crore ($855 million) during September 1-22. However, they pumped in Rs 4,430 crore in debt markets during this period. READ MORE

9:08 AM

Pre-open trade

 

At 9:05 am, the Sensex was trading at 31,986, up 64 points, while the broader Nifty50 was trading at 9,961, down 3 points. 

9:06 AM

Nifty outlook by Angel Broking

 

While there could be higher volatility, any pullback moves in the index in this week is likely to restrict the upmove around the resistances of 10,050 and 10,150. On Friday, the index has closed a tad above the support of 9,950, which if breached, could drag the index towards the daily ’89 EMA’ support in near-term which is placed around 9,770.

9:03 AM

Commodity picks

 

Cotton oilcake

 

Prices are expected to decline further towards Rs 1,455 per quintal in the coming days. CLICK HERE FOR MORE

9:02 AM

Trading ideas by Devang Shah

 

Buy Sun Pharma, Maruti Suzuki and Tata Motors. CLICK HERE FOR DETAILS

9:01 AM

Technical picks

BUY Tech Mahindra    

 

CMP: Rs 458.40       

TARGET: Rs 500     

STOP LOSS: Rs 430

 

CLICK HERE FOR MORE TECHNICAL CALLS 

8:59 AM

Fiscal road map, dollar to dictate market direction 

 

Indian markets, which posted their biggest fall in 10 months on Friday, are likely to remain under pressure in the coming days, as investors await more clarity on the country’s fiscal road map from the government. Meanwhile, strengthening of the dollar, escalating tensions between North Korea and the US, a fall in commodity prices are also expected to make global investors wary of risky assets like emerging markets, including India. READ FULL REPORT

8:57 AM

Wall Street on Friday

 

The S&P 500 closed slightly higher on Friday even though Apple was a drag, as worries about Washington’s latest healthcare legislation proposal eased and investors shrugged off concerns about North Korea.

 

The Dow Jones Industrial Average fell 9.64 points, or 0.04% to 22,349.59, the S&P 500 gained 1.62 points, or 0.06% to 2,502.22 and the Nasdaq Composite added 4.23 points, or 0.07% to 6,426.92.

8:56 AM

Asian markets

Asian markets were trading mixed. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.2% higher. Japan's Nikkei rose 0.6%, Australian shares climbed 0.4% and South Korea's KOSPI was flat. China's Shanghai Composite and Hong Kong's Hang Seng bucked the trend to lose 0.5% and 1%, respectively.