Indices end at record high: Sensex up 286 pts, Nifty ends above 10950

All that happened in the markets today

9:29 AM

Earnings Impact: Wipro

9:26 AM

Sectoral Trend

9:21 AM

Sensex top gainers and losers

9:19 AM

Markets at open

At 9:17 am, the S&P BSE Sensex was trading at 35,605, up 93 points while the broader Nifty50 index was ruling at 10,903 up 8 points

9:13 AM

Key trading ideas by Devang Shah

 

M&M- BUY

CLOSE – Rs 764 

TARGET – Rs 782/800

 

AXIS BANK-BUY 

CLOSE – Rs 590 

TARGET – Rs 625

Click here for more

9:07 AM

Nifty outlook by Devang Shah

 

Short-term outlook for the market remains positive till Nifty trades above 10,490 levels and expecting target of 10,950-11,000 levels in short term. Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and expecting targets in the range of 12000-12200 levels in medium term.

 

10,700-11,000 levels is strong support & resistance levels respectively based on option open interest data so far for expiry next week. Market will remain volatile ahead of expiry & budget event next month. Any kind of short term correction or consolidation is buying opportunity for medium to long term Investment perspectives till medium term reverses.

9:02 AM

Few trading ideas by Prabhudas Lilladher:

 

BUY BIOCON

CMP: Rs 569.35

TARGET: Rs 615

STOP LOSS: Rs 540

 

The stock has been consolidating for quite some time at around 540 levels and now has given a breakout above that range and indicates a positive bias with potential and strength to scale further in the coming days. It has also closed above the significant moving average of 34WMA. Click here for more

8:59 AM

Nifty outlook by Prabhudas Lilladher:

 

The trend of the market has been intact as in spite of all the choppiness Nifty has held on to the support levels with many stocks continuing to make new highs, also Bank Nifty continuing to make new high approaching 27,000 levels. The support for the week is seen at 10,700 while the resistance would be at 11,060 levels. Being the expiry week of the F&O segment, we can anticipate volatility.

8:53 AM

Q3 earnings off to a good start; combined net profit of 130 firms up 16.5%

 

The third-quarter (Q3) earnings season has started on a positive note for Corporate India, with the combined net profit of 130 early bird companies up 16.5 per cent on a year-on-year (YoY) basis, growing at the fastest pace in the last seven quarters.

 

Combined net sales were up 12.6 per cent YoY during the October-December 2017 quarter, growing at the fastest pace in the last three quarters. READ MORE

8:49 AM

Jio, petrochemicals power RIL's Q3 show, net profit rises 25% to Rs 94.2 bn

 

Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported a 25.1 per cent rise in net profit for the October-December 2017 quarter with higher profitability in petrochemicals and its telecom venture Jio reporting its first profit of Rs 5.04 billion.

 

The Mukesh Ambani-led conglomerate, at a consolidated level, posted a net profit of Rs 94.23 billion during the quarter under review, as against Rs 75.33 billion during the quarter ended December 2016.

 

The consolidated net revenue of the company increased by 25.7 per cent during the third quarter of 2017 to Rs 998.10 billion, as against Rs 794.08 billion during the corresponding period in 2016. READ MORE

8:44 AM

Apollo Micro Systems to debut on bourses today

 

Apollo Micro Systems will debut on the bourses on Monday. The issue price for its initial public offer was Rs 275 per share. Shares of the company will be listed on NSE and BSE. Aryaman Financial Services was the book running lead manager to the offer.

8:40 AM

Budgetary support for Indian Railways to be cut by 27% in FY18

 

The Union government has cut budgetary support to the Indian Railways by Rs 150 billion for the financial year 2017-18.

 

Hence, the national transporter is set to rely on borrowings, asset monetisation, and internal generation so that it does not fall short of the capital expenditure (capex) target of Rs 1.31 trillion for the fiscal year. Union Finance Minister Arun Jaitley had earmarked gross budgetary support (GBS) of Rs 550 billion for the railways but, faced with a revenue squeeze, various departments have been told that government support will have to be reduced. READ MORE

8:37 AM

Budget 2018 may not be populist, indicates PM Modi

 

Prime Minister Narendra Modi indicated that the upcoming Budget will not be a populist one and it's a myth that the common ma n expects "freebies and sops" from the government.

8:37 AM

US government shutdown begins as spending bill fails in Senate

 

The US government shut down at midnight on Friday after Democrats and Republicans, locked in a bitter dispute over immigration and border security, failed to agree on a last-minute deal to fund its operations.

 

In a late-night session, senators blocked a bill to extend government funding through February 16. The bill needed 60 votes in the 100-member Senate but only 50 supported it,

8:35 AM

SGX Nifty

 

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