Sensex ends above 35,000 for first time, Nifty hits 10,800; banks, IT lead

9:35 AM

Nifty IT up over 1.5%

9:24 AM

Sectoral Trends

9:21 AM

Top Sensex gainers and losers

Source: BSE

9:09 AM

Top trading ideas by Prabhudas Lilladher

 

BUY IDBI BANK

CMP : 62.90

TARGET : 68

STOP LOSS : 60

 

The stock has more or less made a higher bottom formation pattern in the daily chart taking good support at the 50 DMA and 200 DMA which lies at around 60 -61 levels. The positive candle now formed indicates a positive bias with the RSI showing a trend reversal to signal a buy and has made the chart look attractive for an upward move. With the volume participation on the rise, we recommend a buy in this stock for an upside target of 68 keeping a stop loss of 60.

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9:04 AM

Nifty outlook by Prabhudas Lilladher

 

Market continues to surge high with Nifty having its support level now elevated to 10,580, & Bank Nifty having its support at 25,700. Mid-cap sector has surely come in overbought on daily chart with RSI now making efforts to show signs of trend reversal whereby we maintain a cautious view & book profits. The support for the day is seen at 10,680 while resistance is seen at 10,780.

8:59 AM

Barbeque Nation gets Sebi’s nod for IPO

 

Casual dining chain Barbeque Nation Hospitality has received markets regulator Securities and Exchange Board of India’s (Sebi) approval to raise an estimated Rs700 crore through initial public offering (IPO).

 

Barbeque Nation Hospitality’s IPO comprises fresh issue of shares worth Rs200 crore and an offer for sale of up to 6,179,000 equity shares, according to the draft red herring prospectus. READ MORE

8:52 AM

Oil hovers near 3-year high

 

Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a “red flag” due to surging US production.

 

Brent crude futures last traded 29 cents higher at $70.16, having risen to a high of $70.37 a barrel earlier in the session.

8:48 AM

Diesel prices at record Rs 61.74/L, petrol crosses Rs 71/L

 

Diesel prices have touched a record high of Rs 61.74 per litre and petrol prices have crossed Rs 71 as international oil rates continue to rally. Petrol price rose to Rs 71.18 per litre in Delhi on Monday, the highest since August 2014, according to daily fuel price list of state-owned oil firms.

8:41 AM

India's trade deficit widens to $14.88 bn in Dec

 

India's December trade deficit widened to its highest in more than three years as higher import bills for gold and crude oil weighed on rising exports, government data showed on Monday.

 

The trade deficit widened to $14.88 billion last month from $13.83 billion in November, data from the Ministry of Commerce and Industry showed.

8:38 AM

SGX Nifty

 

Trends on SGX Nifty indicate a flat opening for the broader index in India, a rise of 6.5 points or 0.06%

8:37 AM

Asian shares slip 

 

Asian shares slumped on Tuesday, as miners were pressured by weaker Chinese iron ore prices, while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2% in early trade. US markets were closed for a public holiday on Monday.

 

Australian shares slipped 0.5%.

8:36 AM

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