MARKET WRAP: Sensex rises for 4th straight day, gains 232 pts led by banks

Among the sectoral indices, the Nifty FMCG index rose 1.01 per cent led by gains in ITC and Dabur India. The Nifty Bank index too rose 0.77 per cent led by Axis Bank, HDFC Bank and ICICI Bank.

8:49 AM

Infosys, NMDC, Kridhan Infra and IndusInd Bank among top stocks to watch

Positive Asian cues and Nifty futures on the Singapore Exchange (SGX) indicate firm opening for the domestic stock on Wednesday. At 08:38 am, the Nifty futures on SGX traded 82 points or 0.76 per cent higher at 10,919.50.

 

Here's a look at the top stocks that may remain in focus today

8:42 AM

Today's picks: From Coal India to UPL, hot stocks to watch on Wednesday

UPL 

Current price: Rs 752

Target price: Rs 740

 

Keep a stop at Rs 759 and go short. Add to the position between Rs 742 and Rs 745. Book profits at Rs 740.

 

Coal India 

Current price: Rs 233

Target price: Rs 237

 

Keep a stop at Rs 231 and go long. Add to the position between Rs 235 and Rs 236. Book profits at Rs 237. Click here for more

8:38 AM

Rupee check

The rupee on Tuesday plunged by 53 paise to close at 70.21 against the US dollar amid renewed concerns over widening of current account deficit following constant rise in global crude oil prices.

 

8:35 AM

Oil check

 

US crude oil prices on Wednesday rose above $50 per barrel for the first time in 2019 on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown.

 

US West Texas Intermediate (WTI) crude oil futures were at $50.14 per barrel, up 36 cents, or 0.7 per cent from their last settlement. International Brent crude futures had yet to trade.

8:32 AM

SGX Nifty

 

The Nifty futures on the Singapore Exchange (SGX) were trading at 10,922.50, up 85 points or 0.78 per cent in early trade.

8:30 AM

Asian shares edge up on US-China trade optimism, oil climbs

Asian shares inched up on Wednesday, supported by optimism the United States and China can strike a trade deal to avoid an all-out confrontation that will severely disrupt the global economy. 

Japan's Nikkei rose 0.9 per cent while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.3 per cent.

 

8:27 AM

Apple, Facebook propel Wall Street to three-week peak; Dow jumps 1%

The S&P 500 jumped to a three-week high on Tuesday, led by Apple, Amazon, Facebook and industrial shares on bets that the United States and China would strike a deal to end their trade war. 

The Dow Jones Industrial Average jumped 1.09 per cent to end at 23,787.45 points, while the S&P 500 gained 0.97 per cent to 2,574.41. The Nasdaq Composite added 1.08 per cent to 6,897.00.

 

 

8:22 AM

Good morning

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