MARKET WRAP: Sensex ends 19 pts down, Nifty at 10,768; Sun Pharma up 8%

Sun Pharma surged over 8%, while Dr. Reddy ended nearly 5% higher on the BSE.

8:51 AM

Today's picks: From Asian Paints to CIL, hot stocks to watch on Friday

Asian Paints

Current price: Rs 1,290

Target price: Rs 1,310

 

Keep a stop at Rs 1,280 and go long. Add to the position between Rs 1,300 and Rs 1,305. Book profits at Rs 1,310.

 

Coal India

Current price: Rs 289

Target price: Rs 284

 

Keep a stop at Rs 292 and go short. Add to the position between Rs 285 and Rs 286. Book profits at Rs 284. READ MORE

8:47 AM

Technical calls for today by Anand Rathi Research

Buy Indiabulls Housing Finance

Target: Rs 1,272

Stop Loss: Rs 1,179

 

Indiabulls housing Finance seems to have started a wave C bounce back on the daily charts. With higher tops and bottoms now getting formed on the hourly charts the probability of achieving a conservative target of 1272 is quite high. The rise prior to the current one was an impulse i.e. a five waves rising structure, hence the next five waves up are likely from here on. The momentum indicator MACD is also well in buy mode thus favouring the bulls. READ MORE

8:43 AM

Modi govt may cut capex to stick to 3.3% fiscal deficit, says Moody's

 

Moody's Investors Service today said it expects India to stick to the estimated fiscal deficit of 3.3 per cent of GDP and even cut capital expenditure to offset any slippage from the budgeted target.

 

It however said any reduction in the excise duty on petroleum and diesel products in view of high crude oil prices, would exert negative pressure on India's sovereign credit profile. READ MORE

8:38 AM

Markets on Thursday

S&P BSE Sensex	35,463.08		0.81%
Nifty 50	10,768.35		0.78%
S&P BSE 200	4,660.41		0.90%
Nifty 500	9,300.10		1.02%
S&P BSE Mid-Cap	15,955.02		1.40%
S&P BSE Small-Cap	16,790.37		1.96%

8:34 AM

Oil prices rise on ongoing Venezuelan supply trouble

 

Oil prices rose on Friday, driven up as Venezuela struggles to meet its supply obligations and by ongoing voluntary output cuts led by producer cartel OPEC.

 

Brent crude futures were at $77.45 per barrel up 13 cents or 0.2%, from their last close. US West Texas Intermediate crude futures were up 19 cents, or 0.3%, at $66.14 a barrel.

8:28 AM

SGX Nifty

 

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 48 points or 0.45%. Nifty futures were trading around 10,724- level on the Singaporean Exchange.

8:25 AM

Asian shares trade lower

 

Asian stocks drifted lower early on Friday, with major markets in the region recording slight declines after the mixed close on Wall Street. The Nikkei 225 shed 0.11 percent following four straight sessions of gains as banking stocks slipped while consumer stocks edged higher. The broader Topix was little changed.

 

The Kospi edged down by 0.32 per cent as automakers and technology names traded lower, with Samsung Electronics falling 1.19 per cent.

8:20 AM

US markets end mixed as S&P, Nasdaq fall

 

The S&P and Nasdaq fell on Thursday as the technology sector snapped a rally while investors turned to safer bets as they kept an eye on global trade tensions and waited for US and European central bank meetings.

 

The Dow Jones Industrial Average rose 95.02 points, or 0.38%, to 25,241.41, the S&P 500 lost 1.98 points, or 0.07%, to 2,770.37. The Nasdaq Composite dropped 54.17 points, or 0.7%, to 7,635.07 after registering three straight closing record highs in the previous sessions.

8:15 AM

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