Markets settle at new high, Nifty ends above 10,700;HDFC Group shares rally

All that happened in the market today

9:27 AM

Top Sensex gainers and losers

9:21 AM

Markets at Open

Indices open at new highs with Nifty hitting 10,700 for the first time ever following positive global cues. At 9:17 am, the S&P BSE Sensex was trading at 34,777 up 185 points while the broader Nifty50 index was ruling at 10,727, up 46 points

9:12 AM

Technical calls by Prabhudas Lilladher

 

BUY BHEL

CMP: Rs 102.70

TARGET: Rs 115

STOP LOSS: Rs 95

 

The stock has given a good run after making the bottom at around 88 levels and currently has given a breakout above the previous peak of 101.50 level to signify strength and potential to rally further upward in the coming days. The RSI has been on the rise indicating a strong positive bias so also the MACD which is in a positive trend. With consistent volume participation seen, we recommend a buy in this stock for an upside target of 115 keeping a stop loss of 95.

Click here for more

9:11 AM

Nifty outlook by Prabhudas Lilladher

 

Nifty continues to make new high with trend of all periodicities up & indicators supporting the view, view still continues to be positive with Nifty having its near term support at 10,550. However, the support for the week is seen at 10,500 while resistance is seen at 10,830.

9:02 AM

FPI inflow at Rs 52 billion in Jan so far on earnings optimism

 

Foreign investors have pumped in over Rs 52 billion in the Indian capital markets this month so far on anticipation of recovery in corporate earnings and attractive yields.

 

According to the depositories data, FPIs put in a net amount of Rs 21.72 billion in equities and Rs 30.8 billion in the debt markets during January 1-12 - translating into a net inflow of Rs 52.52 billion.

8:58 AM

New Infosys CEO Salil Parekh starts stint with in-line Q3 numbers

 

Infosys Technologies met Street expectations by reporting 38.3% year-on-year growth in third quarter profits to Rs 51.29 billion, aided by a one-time gain from a US tax reversal. Revenues of the Bengaluru-headquartered company at Rs 177.9 billion grew 6.5%, on the back of improved staff utilisation and higher growth from digital deals, in a traditionally weak quarter ending December 31. Read more

(L-R) Infosys' Chief Operating Officer Pravin Rao, Chief Executive Officer Salil S. Parekh, and Chief Financial Officer Ranganath D. Mavinakere address the media during the announcement of the company's quarterly results at its headquarters in Bengal

8:52 AM

November IIP growth jumps to 17-month high; Dec inflation rises to 5.2%

 

India’s industrial output and headline retail price indices registered the highest growth since July 2016 — among the last crucial set of economic data before the Union Budget 2018-19.

 

The data released on Friday showed that the Index of Industrial Production (IIP), after slowing for two straight months, bounced back in November, rising by 8.4 per cent and signalling that industrial revival was back on track.

 

Meanwhile, the Consumer Price Index (CPI)-based inflation rate for December rose to 5.21 per cent, compared to 4.88 per cent in November and 3.41 per cent in December 2016. Read more

8:44 AM

India to post average GDP growth of 7.3% over 2020-22: Morgan Stanley

 

The Indian economy is expected to witness an average GDP growth of 7.3% over 2020-22, says a Morgan Stanley research report.

 

According to the global financial services major, the structural growth story in India remains strong from a medium term perspective.

 

"The uptick in the private capex cycle, which we anticipate will begin in 2018, will ensure that the economy enters into a sustained and productive growth cycle," Morgan Stanley said in a research note, adding that over 2020-22, it expects the economy to post an average GDP growth of 7.3%.READ MORE

8:39 AM

SGX Nifty

 

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 39.50 points or 0.37 percent. Nifty futures were trading around 10,728-level on the Singaporean Exchange.

8:38 AM

Asian shares hit historic highs

Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the U.S. dollar retreat continued as investors priced in the risk of tighter policies elsewhere in the developed world.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, having finally cleared the former all-time top of 591.50 from late 2007.

 

Australia’s main index firmed 0.2%, while Japan’s Nikkei added 0.3%.

 

Stocks in Hong Kong jumped 0.9% to another record. Investors were optimistic that Chinese gross domestic product data for the December quarter due on Thursday would show growth of at least 6.7% for the world’s second biggest economy.

8:36 AM

Wall Street hits new highs on earnings optimism, data

 

Wall Street continued its rally on Friday with record closing highs as the fourth-quarter earnings season kicked off with solid results from banks and robust retail sales drove investor optimism about economic growth.

 

The Dow Jones Industrial Average rose 228.46 points, or 0.89%, to 25,803.19, the S&P 500 gained 18.68 points, or 0.67%, to 2,786.24 and the Nasdaq Composite added 49.29 points, or 0.68%, to 7,261.06.

8:28 AM

Good Morning!

Welcome to Market's live blog. Catch all live maket action here