Sensex, Nifty fall over 1% on Indo-Myanmar border tension; banks drag

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9:20 AM

Markets at open 

At 9:18 am, the S&P BSE Sensex was trading at 31,634, up 34 points, while the broader Nifty50 was ruling at 9,876, up 4 points. 

9:12 AM

Stocks in news

 

ICICI Lombard, YES Bank, Coal India, Reliance Power, Reliance Securities, Divi's Labs, Dr Reddy's, Aurobindo Pharma and Den Networks 

9:09 AM

Nifty outlook by Angel Broking

 

The kind of activity that we saw yesterday provides a lot of credence to the 9,800 mark. This was evident as the expiry factor came into picture and it seems the Nifty is reluctant to slip below this support level in the current expiry.

 

The overall trend remains weak but we believe that the index is likely to consolidate in a range of 9,800-9,950 before resuming its corrective move. For the coming session, 9,890-9,950 would be seen as a resistance zone.

9:06 AM

Pre-open trade

At 9:05 am, the S&P BSE Sensex was trading 178 points higher at 31,778, while the Nifty50 was ruling at 9,923, up 52 points. 

9:03 AM

Rupee opens stronger

 

Rupee appreciated by 10 paise to 65.35 against Tuesday's closing on 65.45 against dollar. 

8:58 AM

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8:56 AM

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8:54 AM

Nifty outlook by HDFC Securities

 

Next support for the Nifty is seen at around its 100-DMA, which is placed around 9,730. Previous bottom on the daily chart is seen at 9,685, which can also act as a support. Primary trend of the Nifty is bullish, but short term trend has turned negative. It would be advisable for traders not to initiate aggressive longs unless Nifty surpasses the resistance of 10,000. 

8:52 AM

Rollovers

 

Market-wide rollover of September F&O contracts came in at 37% till Tuesday, which was in line with the average rollovers of 36% seen in last three series. Nifty rollovers stood at 31% and were also in line with the average rollovers of last three months. 

8:50 AM

Asian markets

Asian stocks hovered near multi-week lows as tensions in the Korean peninsula remain elevated. MSCI’s broadest index of Asia-Pacific shares outside Japan was off 0.1% at three-week lows following bellicose statements by Trump and North Korean leader Kim Jong Un. 

 

Even a softer yen could not stop Japan's Nikkei slipping 0.5%, while Australia's main index eased 0.1%. Hong Kong's Hang Seng index gained 0.4%, while China's Shanghai Composite remained little changed. 

8:47 AM

Wall Street on Tuesday

The S&P 500 ended flat on Tuesday and the Nasdaq posted modest gains as technology shares bounced from sharp losses in the prior session and comments from Fed Chair Janet Yellen boosted expectations of a December rate hike.

 

The Dow Jones Industrial Average fell 10.05 points, or 0.05% to 22,286.04, the S&P 500 gained 0.23 points, or 0.01% to 2,496.89 and the Nasdaq Composite added 9.57 points, or 0.15% to 6,380.16.

8:40 AM

Singapore Nifty

 

At 8:40 am, SGX Nifty was trading at 9,899, up 43 points or 0.43%.

8:40 AM

Good Morning!

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