Sensex, Nifty end flat as investors on edge ahead of Q2 earnings season

Catch all that happened in the market today

9:25 AM

Sensex heatmap at open 

Source: BSE

9:22 AM

Broader markets

 

The BSE Midcap and the BSE Smallcap indices outperformed slightly to gain 2% each. 

9:21 AM

Markets at open 

At 9:20 am, the S&P BSE Sensex was trading at 31,807, down 6.38 points, while the broader Nifty50 was ruling at  9,969, down 10 points. 

9:08 AM

Q2 earnings preview 

 

India’s top 50 listed firms, which comprise the benchmark NSE Nifty50 index, are expected to report a mild recovery in earnings during the July-September 2017 quarter, driven by a relatively good show by banks and commodity producers. 

 

However, domestic manufacturers and information technology (IT) exporters are likely to continue in the slow lane due to a combination of the disruption due to the goods and services tax (GST), poor demand, and rise in input costs. READ MORE DETAILS

9:02 AM

Nifty outlook by Prabhudas Lilladher

 

Nifty is now very likely to re-test the previous high as technically we see signs of improvement as RSI has bounced back from oversold and getting into a trend. The support for the week is seen at 9,820 while resistance is seen at 10,130. 

 

CLICK HERE FOR MORE

9:01 AM

Technical calls 

 

DABUR – BUY

CLOSE – Rs 316

TARGET – Rs 325-330 

 

CLICK HERE FOR MORE STOCK PICKS

9:00 AM

Nifty outlook by Devang Shah

 

Short-term outlook for the market remains negative till Nifty trades below 10,095 levels and expecting target of 9,640-9,480 levels in short term. Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and is expecting targets in the range of 12,000-12,200 levels in medium term. READ MORE

8:58 AM

Commodity picks

 

Mustard seed prices at the Jaipur markets were trading at Rs 3,900 a quintal. In the week ahead, prices are expected to head towards Rs 3,940 a quintal. CLICK HERE FOR MORE

 

8:56 AM

Wall Street update

 

The S&P 500 eased on Friday, ending a six-day run of record highs as the first monthly decline in US nonfarm jobs in seven years dampened sentiment and pharmacy shares fell on Amazon competition fears. The Nasdaq ended up for a ninth straight day, however, and set its sixth straight record high close, its longest such streak since seven records in February.

 

The Dow Jones Industrial Average fell 1.72 points, or 0.01% to end at 22,773.67, the S&P 500 lost 2.74 points, or 0.11% to 2,549.33 and the Nasdaq Composite added 4.82 points, or 0.07% to 6,590.18.

8:51 AM

Asian markets

Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country’s service sector did little to dent optimism on global growth.

 

Liquidity was lacking with Japan and South Korea on holiday and a partial holiday in the United States where stocks will be open but bonds will be closed. The Chinese blue-chip CSI300 index rose 1.9% to heights not seen since late 2015, partly in a delayed reaction to a targeted easing by the country’s central bank announced a week ago.

 

Australian stocks still managed to put on 0.7%, while Nikkei futures added 0.1% even though the cash market was shut. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1%, having rebounded by 1.7% last week.

8:49 AM

Singapore Nifty

 

At 8:45 am, SGX Nifty was trading at 9,984, down 35 points or 0.36%.

8:49 AM

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