Sensex ends flat, Nifty below 10,100; indices up 1% for the week

Catch all that happened in the market here

10:30 AM

What mutual funds bought and sold in August

India’s equity fund managers went all out buying in August. Backed by robust investor flows, equity mutual funds (MFs) used market weakness as an opportunity to deploy more cash. Power utility NTPC topped the most-bought list. READ MORE HERE

10:16 AM

Wipro nudges higher

 

Wipro rose marginally to Rs 285 after the company announced that it has been awarded a seven year contract by innogy SE, an European energy company, to manage their data center and cloud services.

10:04 AM

FY19 Budget likely on Feb 1

 

The finance ministry on Wednesday issued an official circular to begin the process of drafting the Union Budget for 2018-19. While no date was given as to when Finance Minister Arun Jaitley would table the Budget in Parliament, the document stated the final estimates for schemes and other expenditures should be decided by January 15, 2018. READ MORE

9:52 AM

Tata Sons plans to go private limited

 

In a notice to its shareholders ahead of the annual general meeting (AGM) scheduled for September 21, Tata Sons has sought approval to amend its memorandum of association and articles of association to convert itself from a public limited company to a private limited one. It has also sought to change the name of the company from Tata Sons Limited to Tata Sons Private Limited. READ FULL REPORT HERE

9:44 AM

Buzzing stock 

Auto Parts and Equipment company Asahi India Glass rallied over 3% to Rs 419 after the company clarified to BSE that the news reports claiming that the Japanese promoter is likely to buy a controlling stake in th company are "completely untrue and baseless". 

9:34 AM

Nifty outlook by Angel Broking 

 

The kind of activity we are observing since last couple of days is quite obvious as traders seemed a bit unsure whether the market has the strength to cross record highs or not. Hence, the next round of momentum in the upward direction is possible only after surpassing this hurdle. Until then we are likely to witness similar kind of uncertainty in a range of 10,000-10,138 with slightly higher volatility. 

 

At present, one needs to closely keep a track of these important levels on the index and meanwhile, keep focusing on individual stocks in order to obtain better trading opportunities.

9:27 AM

Sectoral trend 

Among NSE indices, all but Nifty IT was trading in red. 

Source: NSE

9:25 AM

Sensex heatmap at open 

Source: BSE

9:22 AM

Broader markets flat

 

Broader markets remained little changed with the BSE Midcap and the BSE Smallcap indices trading on the flat line.  

9:21 AM

Markets at open 

 

At 9:20 am, the Sensex was trading at 32,205, down 36 points, while the broader Nifty50 was ruling at 10,072, down 14 points. 

9:12 AM

Stocks in news

 

Tata Teleservices, HDFC, Wipro, ICICI Bank, Maruti Suzuki, Sun TV, Tata Steel etc

9:05 AM

Pre-open trade

 

The Sensex was trading at 32,237, down 4 points, while the broader Nifty50 was ruling at 10,058, down 28 points in pre-open trade. 

9:02 AM

Today's picks

 

Devangshu Datta on Nifty, Bank Nifty, Infoys, Mahindra & Mahindra and Vedanta. READ MORE HERE

9:01 AM

Technical calls by Prabhudas Lilladher

 

Buy IDFC Bank, Tata Motors and Adani Ports. CLICK HERE FOR DETAILS 

8:59 AM

Derivative Strategy on IDFC

 

Momentum Indicators and oscillators are Indicating strength in the stock. CLICK HERE FOR DETAILS