MARKET WRAP: Sensex down 356 pts on US recession fears; Jet Airways up 13%

All that happened in markets today

9:36 AM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
INFOSYS	741.00	-1.15	-0.15	1599516
CIPLA	526.00	-0.85	-0.16	1299002
H D F C	1978.80	-5.55	-0.28	660160
HDFC BANK	2269.75	-5.10	-0.22	438983
TCS	2007.00	2.35	0.12	437709

9:35 AM

Interglobe aviation is trading 1% higher

9:33 AM

Nifty PSU Bank index is trading 1.5% lower

9:32 AM

India Cements slips over 2.5%

9:30 AM

Vedanta down 2%

9:29 AM

Rupee opens 11 paise lower against US dollar amid weak global cues

The rupee opened 11 paise lower at 69.06 against the US dollar on Monday. On Friday, the domestic unit declined by 12 paise to close at 68.95 on the rise in demand for the greenback from importers and sell-off in domestic equities. READ MORE

9:21 AM

Sectoral gainers and losers on NSE

9:21 AM

Top gainers and losers on S&P BSE Sensex

9:19 AM

MARKET AT OPEN

At 09:17 am, the S&P BSE Sensex was trading 306 points or 0.80 per cent lower at 37,859 while NSE's Nifty50 index was trading at 11,372.45, down 84 points or 0.74 per cent. 

9:03 AM

Market at pre-open

9:02 AM

Rupee opening

Rupee opens weaker at 69.06/$ vs its previous close of 68.95 against the US dollar

8:56 AM

Short-term outlook for market remains positive: Devang Shah

NALCO – BUY

CLOSE – Rs 54

TARGET – Rs 59/64
 

NALCO consolidated in a thin range during the week. Its weekly momentum indicators are in BUY. It has consolidated above 20-DMA. Risk reward is favorable to BUY at current levels. One can buy with a stop loss of Rs 51 for the target of Rs 59/64 levels in short term. READ MORE

8:54 AM

Commodity Picks

Maize is trading at Rs 2,090 per quintal in Gulabbagh. Prices are expected to trade lower towards Rs 2,050 per quintal on expected arrivals and likely demand rationing at higher price levels. READ MORE

8:52 AM

Stocks to watch

Aster DM Healthcare: According to news reports, HSBC has initiated coverage on the stock with a buy rating and target price of Rs 205.

 

Sadbhav Engineering: Global brokerage firm CLSA has a buy rating on the stock with a target price of Rs 340, as per news reports.

READ MORE

8:51 AM

Nifty Outlook and top trading ideas by Angel Broking

It was more of a week of consolidation for our markets after recent relentless run from lower levels. We started the trading for the week on a positive note and then continued our march higher towards the next psychological junction of 11,500.  READ MORE