F&O EXPIRY: Sensex tanks 324 points, Maruti dips 2%; Brent hits $75/bbl

All that happened in the markets today

9:16 AM

Market open | Nifty opens at 11,722

9:15 AM

Market open | Sensex opens 39,086 vs Wednesday's close of 39,054.68

9:12 AM

NEWS ALERT | Glenmark gets Russian health ministry's nod to market Momate Rhino spray as an over-the-counter product, reports CNBC TV18

9:11 AM

Sectoral trends on NSE during Pre-open

9:06 AM

Top gainers and losers on S&P BSE Sensex during Pre-open trade

9:04 AM

Rupee check

Rupee hits 70/$-mark, opens 13 paise lower against Wednesday's close of 69.87 against the US dollar

9:03 AM

Nifty at Pre open

9:02 AM

Sensex at Pre-open

9:01 AM

Momentum picks by ICICI Securities

8:56 AM

NEWS ALERT | Maruti increases price of Baleno RS petrol & diesel variant with immediate effect, reports CNBC TV18

The new ex-showroom price of RS Baleno (petrol) is now Rs 8.88 lakh

8:54 AM

Earnings optimism lifts markets, FPI buys offset concerns over oil prices

The benchmark indices snapped their three-day losing streak, helped by better-than-expected earnings by corporates such as UltraTech cement. In addition, a new record high for the S&P500 — benchmark index for US equities — helped boost investor sentiment towards risky assets.

The Sensex climbed 1.3 per cent, or 490 points, to close at 39,055 on Wednesday, its steepest daily gain in more than six weeks. The Nifty closed at 11,726, up 150 points or 1.3 per cent — its biggest advance since January 31. Short-covering ahead of expiry of the April series derivatives. READ MORE.

8:52 AM

Market outlook by Prabhudas Lilladher

NIFTY VIEW

 

Market after a brief consolidation & Nifty holding on to a crucial support of 11,550, witnessed a good bounce & moved past the near term resistance of 11,650 to close above 11,700. We may witness further short covering & perhaps buying & participation once again coming from almost all sectors. IT as mentioned continues to be in green. The support for the day is seen at 38,760/11,660 while resistance 39,350/11,790. Bank Nifty would have a range of 29,560-30,180.

8:45 AM

Axis Bank Q4 preview: Analysts see up to 26% jump in PAT QoQ, NIM to improve

Axis Bank, India’s third largest private sector lender is set to announce its fourth quarter (January-March) results for 2018-19 on Thursday. Analysts are expecting a broad-based growth across all segments of the bank on the back of improved asset quality across the financial sector, coupled with improving liquidity and falling interest rates. Moreover, hopes are high from the new managing director and chief executive officer (MD&CEO) Amitabh Chaudhry, a seasoned investment banker, to turn the bank around. READ MORE

8:37 AM

Maruti Suzuki Q4 preview: Brokerages expect slim revenue growth, profit dip

Maruti Suzuki will release its fourth quarter (January-March) results of the financial year 2018-19 (FY19) on Thursday. Brokerages expect the company to report slim revenue growth due to weak volume and average sale price (ASP) growth -- factors that have plagued the entire auto sector -- and a slip in net profit.

 

Automobile industry delivered a subdued volume performance in 4QFY19 with single-digit year-on-year (YoY) volume decline across segments led by spill-over effect of muted festive season, which resulted into higher inventory at the beginning of the quarter. Moreover, weak demand led to lower quarterly retail offtake. READ MORE

8:33 AM

Today's picks: From HDFC to Tata Motors, hot stocks to buy on Thursday

Nifty

 

Current 11,726 (fut: 11,823),

 

Target: NA

 

Stop-long positions at 11,725. Stop-short positions at 11,870. Big moves could go till 11,675, 11925. A long May 30, 11,600p (39), long 11,900c (55) can be offset with short May 02, 11,600p (23), short May 02, 11,900c (15). READ MORE