Sensex, Nifty settle at record closing highs; Nifty Bank ends above 25,000

All that happened in Monday's trade

9:13 AM

WEB EXCLUSIVE

Any hike in global interest rates to impact India, other EMs, says Rakesh Tarway of Reliance Securities in an interview with Aprajita Sharma READ THE INTERVIEW HERE

9:05 AM

INTERVIEW OF THE DAY

Despite rally there are opportunities in markets, says Manishi Raychaudhuri of BNP Paribas in this exclusive interview READ IT HERE

9:04 AM

Interview of the day

 

Manishi Raychaudhuri, Asia Pacific equity strategist and head of equity research, Asia Pacific, at BNP Paribas, tells Puneet Wadhwa that though he remains overweight, the extent of that position has reduced slightly in the past couple of months, as India’s valuation premium to Asian peers has increased markedly.

Click here for full interview

9:03 AM

Technical check on the markets

Today the markets are likely to open on flat note. All emerging markets are trading mixed. The coming session is likely to witness a range of 9950 (Nifty) on declines and 10100 on advances: SMC Global

8:59 AM

FPIs pump in $4 bn in July

 

Overseas investors have pumped a staggering $4 billion into the Indian capital market this month, primarily due to "better prospects" of economic growth as compared to other emerging markets.

 

The latest inflow follows net infusion of Rs 1.6 lakh crore in the previous five months (February-June). In January, they had pulled out Rs 3,496 crore.

Click here for full report

8:55 AM

SIS IPO to hit bourses today

 

The Security and Intelligence Services (India) Limited is eyeing to raise Rs 3,622.50 million through initial public offering (IPO) to be opened on July 31.

 

The IPO, which will be closed on August 2, offers equity shares of Rs 10. The price band of the offer is fixed from Rs 805 to Rs 815 per equity share. Bids can be made for a minimum of 18 equity shares and in multiplies of 18 equity shares thereafter. Click here for more

8:54 AM

Top trading ideas from Prabhudas Lilladher:

 

BUY RELIANCE INFRA

     

CMP: Rs 526

TARGET: Rs 570       

STOP LOSS: Rs 502

 

BUY MAHINDRA CIE AUTOMOTIVE      

 

CMP: Rs 251.70        

TARGET: Rs 274       

STOP LOSS: Rs  235

 

BUY IRB INFRA  

 

CMP: Rs 225.75        

TARGET: Rs 250      

STOP LOSS: Rs 212

Click here for detailed report

8:52 AM

Oil hits two-month high

 

Oil ended its strongest week this year with a surge on Friday, built on receding fears of oversupply, as US crude came within striking distance of $50 a barrel for the first time since the end of May.

8:50 AM

SGX Nifty

 

The Nifty50 futures on the Singapore Stock Exchange were trading 1 point lower at 10,034 indicating a flat opening for the domestic market.

8:49 AM

Asian Markets

Asian shares were trading mixed on Friday amid negative global cues. Investors remianed on edge investinh mostly in safe havens like gold and Yen after North Korea conducted another missile test late on Friday that it said proved its ability to strike the US mainland. The US responded by flying two bombers over the Korean peninsula on Sunday.

The MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% while Japan's Nikkei was little changed, with a firm yen offsetting data showing the country's industrial output rebounded in June from a decline in May.

 

Australian shares, on the other hand,  advanced 0.2%.

8:47 AM

Wall Street

On Friday, the S&P and Nasdaq closed lower after earnings from companies including Amazon, Exxon Mobil and Starbucks disappointed.But the Dow Jones closed higher and set an intraday record, lifted by Chevron's strong earnings.

The Dow Jones Industrial Average rose 33.76 points, or 0.15%, to 21,830.31, the S&P 500 lost 3.32 points, or 0.13%, to 2,472.1 and the Nasdaq Composite dropped 7.51 points, or 0.12%, to 6,374.68.