MARKET WRAP: Sensex falls 181 pts; IndusInd Bank slips 7%, RIL dips 3.5%

In key stocks, RIL fell 3.5 per cent to Rs 1,063.20 on the NSE, Asian Paints slipped 3.1 per cent to Rs 1,196.90 and Dewan Housing Finance Corporation (DHFL) declined 11.1 per cent to Rs 187.00.

9:20 AM

Sectoral trend on NSE

9:19 AM

Opening gainers and losers on BSE Sensex

9:16 AM

Market at open

 

At 9:15 AM, the S&P BSE Sensex was trading at 34,609, up 293 points while the broader Nifty50 was ruling at 10,392, up 89 points.

9:01 AM

Market pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,689.24	+373.61	+1.09
S&P BSE SENSEX 50	10,876.32	+101.31	+0.94
S&P BSE SENSEX Next 50	30,618.28	+208.26	+0.68
S&P BSE 100	10,629.97	+95.04	+0.90
S&P BSE Bharat 22 Index	3,353.76	+28.71	+0.86

9:01 AM

Rupee check

Rupee opens at 73.30/$ vs its previous close of 73.32 per dollar

8:55 AM

Top trading ideas by Prabhudas Lilladher

 

BUY HINDUSTAN UNILEVER

CMP: Rs 1,578.40

TARGET: Rs 1,720

STOP LOSS: Rs 1,480

 

The stock has taken support near the significant 200DMA moving average which lies near 1515 levels and has witnessed a bounce back to indicate strength and the revival is anticipated to continue still further upside. The chart looks attractive and with the indicators looking favourable and with good consistent volume activity witnessed, we recommend a buy in this stock for an upside target of 1720 keeping a stop loss of 1480. Read more

8:50 AM

Nifty outlook by Prabhudas Lilladher

 

The downslide continues with also the weekly trend being down since 6 weeks in Nifty & Bank Nifty since 7 weeks. Still indicators also show more scope of downside though in between bounce cannot be ruled out. The support for the week is seen at 33350/10000 while resistance is seen at 35100/10550. Bank Nifty would have a range of 24150-25860. Among the Nifty 50 stocks over 90% weightage is on corrective which confirms the weakness. Read more

8:45 AM

Nifty outlook by Devang Shah

 

Short-term outlook for the market remains positive till Nifty trades above 10138 levels and expecting targets in the range of 10800-11100 levels in short term. Medium term outlook for the market remains positive till Nifty trades above 9951 levels and expecting targets in the range of 12500-12800 levels. Click here to read more

8:40 AM

Oil check

Oil prices were stable on Monday, supported by supply concerns ahead of the start of US sanctions against Iran’s crude exports, but held back by rising drilling activity in the United States.

 

Front-month Brent crude oil futures were trading at $79.74 a barrel, 4 cents below their last close at the end of last week. US West Texas Intermediate (WTI) crude futures were at $69.07 a barrel, 5 cents below their last settlement.

8:35 AM

Rupee jumps 29 paise against US dollar to 73.32

 

The rupee recovered early losses and finally settled 29 paise higher at 73.32 against the US dollar on Friday, amid a weakening greenback.

8:30 AM

SGX Nifty

 

Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a loss of 11.5 points or 0.11 per cent. Nifty futures were trading around 10,313- level on the Singaporean Exchange.

8:25 AM

Asian markets

Asian share markets pared early losses on Monday as Chinese stocks swung higher for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan turned around to edge up 0.2 per cent. Japan’s Nikkei was off 0.2 per cent, after being down over 1 per cent earlier, as were South Korean stocks.

8:20 AM

S&P falls on interest rate, trade concerns

 

The US benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth. Shares of Procter & Gamble jumped 8.8 per cent after the consumer goods company reported a surprise rise in first-quarter sales. The climb in Procter & Gamble shares lifted the Dow and helped advance the S&P 500 consumer staples index 2.3 per cent.

 

The Dow Jones Industrial Average rose 64.89 points, or 0.26 per cent, to 25,444.34, the S&P 500 lost 1 point, or 0.04 per cent, to 2,767.78 and the Nasdaq Composite dropped 36.11 points, or 0.48 per cent, to 7,449.03.

8:15 AM

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