Sensex, Nifty end flat as investors on edge ahead of Q2 earnings season
Catch all that happened in the market today
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adani
1:13 PM
Buzzing stock
Adani Enterprises lost over 4% to Rs 383 in intraday trade after large protests were held across Australia on Saturday against the company’s proposed Carmichael coal mine on environmental concerns.
12:58 PM
Economic growth to top 7% in next two quarters: Urjit Patel
Fostering monetary conditions conducive to economic growth were a constant consideration for Indian policymakers, but would not take priority over achieving the central bank's inflation target, Governor Urjit Patel told a newspaper on Monday. READ MORE
12:34 PM
Markets reeling under problem of plenty?
It seems to be a problem of plenty in the Indian stock market, with foreign portfolio investors and domestic institutions acting almost in tandem in buying all available quality stocks, but the worry is who will be the buyer when these holdings get liquidated to book profit. READ FULL REPORT
12:21 PM
Markets check
At 12:20 am, the S&P BSE Sensex was trading at 31,836, up 22 points, while the broader Nifty50 was ruling at 9,983, up 3 points.
At 12:20 am, the S&P BSE Sensex was trading at 31,836, up 22 points, while the broader Nifty50 was ruling at 9,983, up 3 points.
11:56 AM
Small investors flock to IPOs
Small investors are chasing initial public offerings (IPOs) like never before. Of the past 10 IPOs which have hit the market, five have seen more than a million applications from them. State-owned Cochin Shipyard’s IPO saw nearly two million applications, while the recently concluded one of Godrej Agrovet saw 1.5 million applications in the retail category, meant for investors applying for shares worth up to Rs 2 lakh. READ FULL ANALYSIS HERE
11:36 AM
Buzzing stocks
Shares of pumps manufacturers such as Shakti Pumps (India), Kirloskar Brothers, KSB Pumps and Roto Pumps have rallied by up to 12% on BSE in intra-day trade after the Goods and Service Tax (GST) on pump parts has been reduced from 28% to 18%. READ FULL REPORT
Shares of pumps manufacturers such as Shakti Pumps (India), Kirloskar Brothers, KSB Pumps and Roto Pumps have rallied by up to 12% on BSE in intra-day trade after the Goods and Service Tax (GST) on pump parts has been reduced from 28% to 18%. READ FULL REPORT
11:15 AM
Interview of the day
Amid rising worry over slowing economic growth, Nirmal Jain, chairman of IIFL, the financial services group, said that slowdown for a quarter or two is a small price to pay for the radical reforms implemented, as these would have a strongly positive impact on economic growth over the next five to 10 years. READ FULL INTERVIEW HERE
Nirmal Jain, Chairman, IIFL Group
11:02 AM
Markets check
At 11:00 am, the S&P BSE Sensex was trading at 31,889, up 75 points, while the broader Nifty50 was ruling at 10,001, up 21 points.
At 11:00 am, the S&P BSE Sensex was trading at 31,889, up 75 points, while the broader Nifty50 was ruling at 10,001, up 21 points.
10:45 AM
Buzzing stocks
Shares of jewellery companies were trading higher by up to 9% on BSE in early morning trade on expectation of revival in sales after the government revoked an order that mandated PAN and Aadhaar cards for purchases above Rs 50,000. READ MORE
Shares of jewellery companies were trading higher by up to 9% on BSE in early morning trade on expectation of revival in sales after the government revoked an order that mandated PAN and Aadhaar cards for purchases above Rs 50,000. READ MORE
10:34 AM
Tata Teleservices closure may cost the group dear
With the curtains likely to be drawn on Tata Teleservices soon, the group is staring at some serious challenges — paying debt of over Rs 28,000 crore to banks, deciding the fate of over 6,000 employees and battling the realisation that despite investing over Rs 50,000 crore (based on estimates) through the years, it would be able to recover little. READ FULL REPORT
10:20 AM
Buzzing stock
Sun Pharma Advanced Research (SPARC) has dipped 15% to Rs 332 on BSE in early morning trade after the company said its two pivotal phase III studies of Baclofen GRS for treatment of spasticity in patients with multiple sclerosis did not meet the primary end point in placebo controlled studies. READ MORE
Sun Pharma Advanced Research (SPARC) has dipped 15% to Rs 332 on BSE in early morning trade after the company said its two pivotal phase III studies of Baclofen GRS for treatment of spasticity in patients with multiple sclerosis did not meet the primary end point in placebo controlled studies. READ MORE
10:00 AM
Nifty outlook by Angel Broking
If the Nifty50 manages to continue the positive momentum, then the index could extend the gains upto its resistances of 10,050-10,140. On the flipside, 9,880 is now a crucial support for this week, which if breached, could lead the index to resume the corrective trend to test the recent low.
If the Nifty50 manages to continue the positive momentum, then the index could extend the gains upto its resistances of 10,050-10,140. On the flipside, 9,880 is now a crucial support for this week, which if breached, could lead the index to resume the corrective trend to test the recent low.
9:56 AM
Top five gainers as Nifty50 reclaims 10,000
Source: NSE
9:37 AM
Buzzing stock
Tata Teleservices tanked 15% following news reports that the Tata Teleservices is likely to wind down operations in phases, and has had discussions with the government.
9:28 AM
Sectoral trend
Source: NSE
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First Published: Oct 09 2017 | 3:30 PM IST
