F&O Expiry: Sensex falls 344 pts, Nifty at 10,125; Bharti Airtel slips 6%

Among the sectoral indices, the Nifty Bank index fell 1 per cent led by fall in the share prices of YES Bank, HDFC Bank and State Bank of India (SBI).

9:16 AM

Market at open

 

At 9:15 AM, the S&P BSE Sensex was trading at 33,732, down 301 points while the broader Nifty50 was ruling at 10,134, down 90 points.

9:01 AM

Market pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,079.29	+45.33	+0.13
S&P BSE SENSEX 50	10,696.49	-7.37	-0.07
S&P BSE SENSEX Next 50	30,201.30	+44.06	+0.15
S&P BSE 100	10,460.41	-2.28	-0.02
S&P BSE Bharat 22 Index	3,331.55	+4.27	+0.13

9:00 AM

Rupee opening

Rupee opens weak at 73.29/$ vs its previous close of 73.16 per dollar

8:55 AM

Top trading ideas by Tradebulls Securities

 

Stock: M&M

Reco.: BUY

CMP: Rs 736

 

Occurrence of a Spike / Pinbar formation on the weekly scale seems to have concluded the ongoing decline in the in the stock. While the trend strength indicator elevating from its oversold zone agurs well for strong pullback move. The recent development of a positive divergence on the RSI is indicating a firm bullish trend to be evolved soon. Momentum /Aggressive longs could be considered above 780 while passive positions could be initiated now with a stop loss below 710 for a target upto 825. Read more

8:50 AM

Today's picks

 

Coal India

Current price: Rs 277

Target price: Rs 271

 

Keep a stop at Rs 280 and go short. Add to the position between Rs 272 and Rs 274. Book profits at Rs 271.

 

HPCL

Current price: Rs 233

Target price: Rs 227

 

Keep a stop at Rs 236 and go short. Add to the position between Rs 228 and Rs 229. Book profits at Rs 227. Read more

8:45 AM

Nifty outlook by Tradebulls Securities

 

Nifty have been hovering around the 10200 zone as it witnessed a smart recovery again from the lows of 10100-10130 zone. A sustained move above 10260 should trigger a strong short covering rally which could see an extension towards the recent bearish gap area around 10430. On the daily scale the index is yet to witness a firm reversal candlestick formation which could compliment the setup but the RSI divergence as compared to the 11th OCT 2018 low of 10138 looks assuring. Click here to read more

8:40 AM

Rupee jumps 41 paise, closes at three-week high of 73.16 against dollar

 

The rupee strengthened by 41 paise to close at more than three-week high of 73.16 against the US currency Wednesday as global crude oil prices eased and domestic equity markets staged a smart rebound. Forex dealers said softening crude oil prices supported the rupee's upward movement.

8:35 AM

Oil prices fall 1% amid global stock market slump

 

Oil prices fell by around one per cent on Thursday, coming under pressure from sharp selloffs in global stock markets, with US stocks posting the biggest daily decline since 2011 to wipe out the year’s gains.

 

Front-month Brent crude oil futures were at $75.42 a barrel, 75 cents, or 1 per cent, below their last close. US West Texas Intermediate (WTI) crude futures were at $66.23 a barrel, 59 cents, or 0.9 per cent, below their last settlement.

8:30 AM

SGX Nifty

 

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 97 points or 0.95 per cent. Nifty futures were trading around 10,140- level on the Singaporean Exchange.

8:25 AM

Asian shares slump as Wall Street erases all of 2018 gains

 

Asian shares dived on Thursday as hundreds of billions of dollars hemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.

 

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7 per cent. Japan's Nikkei slumped more than 3 per cent to hit a six-month trough and Australian shares skidded about 2 per cent to a more than one-year low. Tokyo's Topix index tumbled 3 per cent, evaporating $155 billion in market value in the first 15 minutes of trading.

8:20 AM

Dow tumbles more than 600 points, wipes out 2018 gains

 

US stocks finished a punishing session sharply lower Wednesday, with major indices sinking more than two per cent and the Dow and S&P 500 tumbling and wiping out all the 2018 gains.

The Dow Jones Industrial Average lost 2.4 per cent to close at 24,583.42, a single day loss of more than 600 points. The tech-rich Nasdaq Composite Index plummeted 4.4 per cent to finish at 7,108.40, posting its worst day since 2011, while the broad-based S&P 500 sank 3.1 per cent to 2,656.15.

8:15 AM

Good morning!

 

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