Sensex tumbles 363 pts, Nifty below 11,600 on Trump's trade threat to China
All that happened in the markets today
 "MARKETS LIVE: Sensex opens 400 pts lower, Nifty Bank, Auto down 1% each")
8:58 AM
NEWS ALERT | China central bank to cut reserve requirements for some banks: Reuters
- China’s central bank said on Monday it will cut the reserve requirement ratios (RRRs) for small and medium-sized banks effective from May 15, in a targeted policy measure to help support companies struggling amid an economic slowdown.
- The reduction will release about 280 billion yuan ($41.23 billion) in long-term funding.
- The reduction will release about 280 billion yuan ($41.23 billion) in long-term funding.
8:56 AM
NEWS ALERT | China April services sector expands further on strong export sales: Caixin PMI
Activity in China’s services sector further improved in April, with export sales rising at a record pace, Reuters reported. Although the longer-term outlook for new orders stayed subdued due to global economic uncertainties, the Caixin/Markit services purchasing managers’ index (PMI) climbed to 54.5, the highest since January 2018 and slightly up from 54.4 in March.
8:53 AM
Asian markets slip on reports of crack in US-China trade deal
CNBC TV18 reported that China is considering to pull out of trade talks scheduled on May 8.
(Image source: Reuters)
(Image source: Reuters)
8:49 AM
FII/FPI & DII trading activity on NSE, BSE and MSEI
8:47 AM
It's wild, wild May for Indian stock markets during Lok Sabha elections
The popular stock market adage ‘sell in May and go away’ hasn’t really worked in the context of the Indian markets. The average return for the month of May since 2011 has been 1 per cent for both the Nifty and the Sensex, rendering the adage inconclusive. READ MORE
8:45 AM
Bulk deals on NSE as on Friday
For the full list, click here
|
| AKG | AKG Exim Limited | MULTIPLEX BUILDERS PRIVATE LIMITED | SELL | 60,000 | 36.00 | - |
|---|---|---|---|---|---|---|---|
|
| AKG | AKG Exim Limited | PIYUSH CHANDRAKANT RATHI | BUY | 92,000 | 35.89 | - |
|
| DHFL | Dewan Housing Fin Corp | CROSSLAND TRADING CO | BUY | 24,11,709 | 136.74 | - |
|
| DHFL | Dewan Housing Fin Corp | CROSSLAND TRADING CO | SELL | 24,11,709 | 136.86 | - |
|
| DHFL | Dewan Housing Fin Corp | TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED | BUY | 20,88,300 | 136.75 | - |
|
| DHFL | Dewan Housing Fin Corp | TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED | SELL | 20,88,300 | 136.84 | - |
|
| HISARMETAL | Hisar Metal Ind. Limited | ARPIT JAIN HUF | BUY | 37,500 | 59.65 | - |
|
| HISARMETAL | Hisar Metal Ind. Limited | ARPIT JAIN HUF | SELL | 38,500 | 59.51 | - |
|
| ITDCEM | ITD Cementation India Lim | FRANKLYN TEMPLETON MUTUAL FUND A/C FRANKLIN INDIA FOCUSED E | BUY | 12,50,000 | 122.00 | - |
|
| JETAIRWAYS | Jet Airways (India) Ltd. | TOWER RESEARCH CAPITAL MARKETS INDIA PRIVATE LIMITED | BUY | 37,18,208 | 131.15 | - |
8:43 AM
Sustaining the premium price tag may be difficult for IT stocks
Pain in the IT sector was once again palpable when Cognizant Technology Solutions sharply cut its revenue and margin guidance for the calendar year (CY) 2019 on Thursday. Even some big Indian IT players have lowered their FY20 guidance. READ MORE
8:42 AM
Stocks to watch
Earnings today: Bharti Airtel Limited, Bharat Bijlee Limited, Chennai Petroleum Corporation Limited, Firstsource Solutions Limited, ICICI Bank Limited, Mahindra CIE Automotive Limited, MARICO Limited, Navin Flourine International Limited
Hindustan Unilever: The FMCG major has reported a 13.84 per cent rise in net profit to Rs 1,538 crore for the quarter ended March 31, helped by improvement in margins and volume growth.
L&T Technology Services (LTTS) posted about 21 per cent rise in consolidated net profit to Rs 191.5 crore for the fourth quarter of 2018-19, helped by broad-based growth across industry segments.
Vodafone Idea has signed multi-million dollar IT deal with IBM
Cadila Healthcare: The US FDA has issued 14 observations for the firm's Moraiya facility
Indiabulls Housing Finance: The company's board has approved the merger of IHFL alongwith subsidiary Indiabulls Commerical Credit into and with the Lakshmi Vilas Bank
Canara Bank: ICRA has downgraded ratings of Additional Tier-I bonds to AA- from AA with stable outlook
YES Bank: Icra has downgraded Yes Bank's tier-I and tier-II bonds and infrastructure debt on deterioration in the credit quality of large ticket borrowers.
YES Bank: Icra has downgraded Yes Bank's tier-I and tier-II bonds and infrastructure debt on deterioration in the credit quality of large ticket borrowers.
8:41 AM
Street signs: NSE shares in demand, betting on PSU space, and more
NSE shares in demand If the National Stock Exchange (NSE) stock was listed, its shares would have gained following the Securities and Exchange Board of India (Sebi) order in the co-location (colo) case, says market experts. “The colo case was a major overhang. READ MORE
8:38 AM
Tariffs on $200 bn of Chinese imports will rise from 10% to 25%: Trump
US President Donald Trump announced Sunday that the United States would raise tariffs on $200 billion of Chinese goods to 25 per cent this week, because trade talks are moving "too slowly".
Trump's action came as a major Chinese delegation is expected to arrive Wednesday in Washington for the latest round of talks to end the trade war between the world's two biggest economies -- a round billed as the last one and possibly leading to a deal to end the conflict. READ MORE
8:36 AM
Nifty outlook and top trading calls by Angel Broking
No major movement in the truncated week, 11700 defended successfully
After an extended weekend, our markets had a sluggish opening on Tuesday as there was no major trigger on the domestic as well as global front. Brent crude cooled off a bit but our markets had already discounted it while closing on previous Friday.
During the initial hour, all of a sudden, index took a nosedive and in the process, we once again slipped below the key support of 11,700. Fortunately for us, quite similar to earlier session, we had a good upsurge during the penultimate hour, which pulled the index back into the relatively safer territory. This was followed by two back to back muted sessions to conclude the truncated week tad above the 11,700 mark READ MORE
During the initial hour, all of a sudden, index took a nosedive and in the process, we once again slipped below the key support of 11,700. Fortunately for us, quite similar to earlier session, we had a good upsurge during the penultimate hour, which pulled the index back into the relatively safer territory. This was followed by two back to back muted sessions to conclude the truncated week tad above the 11,700 mark READ MORE
8:35 AM
Short term outlook for markets remain positive; buy JSPL, Raymond
NIFTY
CLOSE- 11,712.25 (03.05. 2019)
Market closed marginally in negative territory on a weekly basis. It consolidated in narrow range for fourth consecutive week and made a high of 11,856.20 levels on Nifty so far in this rally. It consolidated in the range of 11,550-11,800 levels for the entire month of April after sharp surge seen in March. There is a high possibility of wave-III of 5 Extension case in short term towards revised higher levels targets. 11,300 is also another strong support on Nifty for short term. Any kind of decline or consolidation is stock specific buying opportunity till short term reverses. READ MORE
8:33 AM
JSWSTEEL : Bulls have managed to overpower the bears and have given a breakout from its crucial resistance of 300 levels. Now a possibility of an up move towards 330 and higher levels cannot be ruled out. READ MORE
Top trading ideas by Anand Rathi; Buy JSW Steel, Sell McDowell
BUY JSWSTEEL
TGT 330
SL 297
JSWSTEEL : Bulls have managed to overpower the bears and have given a breakout from its crucial resistance of 300 levels. Now a possibility of an up move towards 330 and higher levels cannot be ruled out. READ MORE
8:31 AM
Rupee check
Source: Bloomberg
8:29 AM
Oil check
At 8:27 am, Brent crude futures wwere trading at $69.43 per barrel
Topics :
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 06 2019 | 7:34 AM IST
