MARKET WRAP: Sensex ends 54 points down, Nifty at 11,035; Wipro falls 4%

All that happened in the markets today

9:42 AM

Top losers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
LAK. VILAS BANK	69.70	-3.50	-4.78	53851
WIPRO	259.70	-9.10	-3.39	34133234
I O C L	146.65	-3.90	-2.59	50993
DISH TV	38.05	-0.90	-2.31	66843
STAR CEMENT	97.10	-2.30	-2.31	204

9:35 AM

Nifty IT index is down nearly 1%

9:27 AM

Momentum Picks by ICICI Securities

 

9:23 AM

Shares of Wipro are trading over 3% lower in the early trade

9:22 AM

Sectoral trend on NSE

9:21 AM

Opening gainers and losers on S&P BSE Sensex

9:16 AM

Market at open

At 9:15 AM, the S&P BSE Sensex was trading at 36,636 down 87 points while the broader Nifty50 was ruling at 11,017, down 40.4 points.

9:15 AM

NEWS ALERT | VA TECH WABAG secures order worth Rs 575 crore from Namami Gange

9:03 AM

Market at pre-open

9:01 AM

Rupee opening

Rupee opens at 70.17/$ vs its previous close of 70 against the US dollar

8:51 AM

New headache for Indian biz titans: Harder to get loans by pledging stakes

India’s business titans are facing a worrying new development: in recent weeks, shadow lenders have been cutting them off from a key financing channel. Company founders have long fueled dreams to expand their business empires with loans they get by pledging stakes in their firms. But recent scares have prompted at least two major shadow banks to turn off the faucet in the past month, the longest dry spell in six years, people familiar with the matter say. READ MORE

8:42 AM

Nifty outlook by Anand Rathi

The Nifty has been forming higher tops and bottoms on the daily charts and it has been approaching the upper end of the range i.e. 10,191 levels. On the lower side, it has support at 10,942 which is the previous swing high, hence we recommend to buy Nifty on a positional basis for the above-mentioned target. READ MORE

8:36 AM

Top stocks to track today

Bharti Airtel: Bharti Airtel on Thursday said GIC, formerly known as Government of Singapore Investment Corporation, has committed to subscribing to the company’s rights issue of Rs 25,000 crore. READ MORE

8:30 AM

Derivatives strategy on M&M by HDFC Securities

Buy M&M March 680 call option at Rs 15

Stop loss of Rs 11

Target Rs 23

READ MORE

8:22 AM

Top trading calls by Anand Rathi

JSW STEEL: BUY

TARGET: Rs 320

STOP LOSS: Rs 274

 

The stock has completed a five-wave declining structure and it’s expected to retrace the entire fall by at least 38.2 per cent. The daily momentum indicator has also provided a buy crossover. READ MORE