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Sensex ends flat, Nifty fails to hold 10,450 ahead of Q3 earnings season

All that happened in the market today

Image SI Reporter New Delhi
Nifty

Source: NSE

9:20 AM

Markets at open
 
At 9:18 am, the S&P BSE Sensex was trading at 33,895, up 83 points, while the broader Nifty50 was ruling at 10,466, up 24 points.

 
S&P BSE Sensex 33,929.61 Up 0.35%
 
Nifty 50 10,486.00 Up 0.42%
 
S&P BSE 200 4,655.71 Up 0.29%
 
Nifty 500 9,417.85 Up 0.00%
 
S&P BSE Mid-Cap 17,755.32 Up 0.17%
 
S&P BSE Small-Cap 19,209.74 Up 0.27%

9:10 AM

Oil hits highest since mid-2015, then dips
 
Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and US production soared to the highest in more than four decades.
 
It was the first time since January 2014 that the two crude oil benchmarks opened the year above $60 per barrel, buoyed by large anti-government rallies in Iran and ongoing supply cuts led by Opec and Russia. READ MORE

Oil hits highest since mid-2015, then dips

9:07 AM

Nifty view by Prabhudas Lilladher
 
Nifty has yet again closed above 10,400 levels now keeping in mind there is a crucial support at 10,370 for Nifty. Market witnesses a very stock specific movement with mid cap sector too showing signs of corrective move. The support for the day is seen at 10,380 while resistance is seen at 10,490. READ MORE
9:03 AM

Stocks in news
 
1) Apar Industries: Signs joint venture pact with PPS Motors
 
2) Orbit Exports: To consider buy-back of shares on Jan. 5
 
3) Reliance Industries: Commissions refinery off-gas cracker at Jamnagar
 
4) Titan: 3Q jewelry retail growth healthy, in line with co. view
9:02 AM

Technical calls
 
BUY TATA MOTORS 
     
CMP: Rs 439.30       
TARGET: Rs 470       
STOP LOSS: Rs 420
 
9:01 AM

Today's picks
 
Devangshu Datta on Nifty, Bank Nifty, Tata Motors, Indiabulls Housing Finance, HPCL
 
8:59 AM

Wall Street update

US stocks rose in the first session of the new year and the Nasdaq closed above 7,000 for the first time on Tuesday as investors were optimistic that 2018 will bring more gains for the market.
 
The Dow Jones Industrial Average rose 104.79 points, or 0.42 percent, to 24,824.01, the S&P 500 gained 22.18 points, or 0.83 percent, to 2,695.79 and the Nasdaq Composite added 103.51 points, or 1.5 percent, to 7,006.90.
8:58 AM

Asian markets
 
Asian markets were eying all-time top. MSCI’s index of Asia-Pacific shares outside Japan rose 0.4 percent, having jumped 1.4 percent on Tuesday in its best performance since last March. The index is creeping ever closer to the all-time peak of 591.50 reached in late 2007.
 
Chinese blue chips gained for the fourth session running, while Japan's Nikkei was closed for holidays.
8:57 AM

Nifty outlook by HDFC Securities
 
Nifty has been consolidating in the range of 10,400-10,550 for last 10 sessions. Primary trend is still bullish with higher tops and higher bottoms. Previous top on the daily chart is placed at 10,329, which is likely to act as a short term support.  Recent Top formed at 10,545 would remain as a strong resistance. We expect nifty to remain in to consolidation till it breaks the consolidation range of 10,300-10,550 on the either side. However, stock specific bullish trend is likely to continue. READ MORE
8:56 AM

Technical picks by HDFC Securities
 
Buy TATA POWER
 
CMP: Rs 99.70
Stop Loss: Rs 95
Target: Rs 110
 
8:47 AM

Singapore Nifty
 
At 8:46 am, the SGX Nifty was trading at 10,484, up 15 points or 0.15%, indicating higher opening for the markets.
8:47 AM

Good Morning!

Welcome to Business Standard's market liveblog. 
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First Published: Jan 03 2018 | 3:30 PM IST