Sensex ends at record high, Nifty settles over 10,550 for first time ever

All that happened in the markets today

12:40 PM

Foreign brokerages bullish on Indian markets

 

The wide-based Nifty is expected to touch 11,500 by December this year, while the benchmark BSE Sensex will be at around 37,000, driven by strong earnings growth, said Deutsche Bank in its recently published report. 

 

The brokerage’s bullishness stems from the expectation of double-digit earnings growth and forms the keystone of its positive view on the market in 2018. "Our economists expect gross domestic product (GDP) growth to recover from 6.6 per cent in the current fiscal year to 7.5 per cent and 7.8 per cent over FY19 and FY20, respectively," the report said adding that "we expect Nifty earnings to increase 22 per cent in FY19 and 17 per cent in FY20". READ MORE

12:25 PM

Liquor shares in focus

 

Shares of liquor companies have rallied by up to 18% on BSE in intra-day trade so far after GM Breweries reported a strong results for the third quarter ended December 2017 of current fiscal (Q3FY18).

 

GM Breweries, Pincon Spirit, Associated Alcohols & Breweries, Pioneer Distilleries, Globus Spirits, Empee Distilleries and Tilaknagar Industries were up more than 4% on BSE. United Breweries, United Spirits, Khoday India, Jagatjit Industries and Radico Khaitan up in the range of 1% to 3%, as compared to 0.46% rise in S&P BSE Sensex at 10:29 AM. READ MORE

12:04 PM

Sensex heatmap in noon deals 

Source: BSE

11:41 AM

BSE to start bullion futures

 

The BSE has become the first bourse to come out with a detailed plan on commodities derivatives after the Securities and Exchange Board of India (Sebi) last week approved a proposal allowing universal exchanges.

 

The BSE on Thursday announced free membership for the commodities segment and said trading would be launched in phases, beginning with bullion, followed by base metals, and subsequently crude oil and natural gas. READ FULL STORY

11:23 AM

Markets check 

S&P BSE Sensex	34,131.05		0.48%
Nifty 50	10,548.40		0.41%
S&P BSE 200	4,709.25		0.62%
Nifty 500	9,564.60		0.62%
S&P BSE Mid-Cap	18,073.81		0.71%
S&P BSE Small-Cap	19,717.04		1.03%

10:53 AM

Buzzing stock

Idea Cellular soared 9% to Rs 114 on BSE after the board approved fund raising of up to Rs 3,250 crore through issue of shares to promoter group companies via preferential issue at Rs 99.50 per share.

 

“In the first tranche, the company will raise Rs 3,250 crore by issuing around 326.6 million preferential shares at Rs 99.50 a unit to four entities of the promoter group — Birla TMT Holdings Pvt Ltd, Elaine Investments Pte Ltd (Singapore), Oriana Investments Pte Ltd (Singapore) and Surya Kiran Investments Pte Ltd (Singapore) — subject to regulatory approvals,” Idea Cellular said in a regulatory filing. READ FULL REPORT

10:35 AM

ADAG stocks and magic of debt reduction

 

The Murphy’s Law says “you will always find something in the last place you look”. This was true with Anil Ambani’s group companies when a long-awaited turnaround for the group (Anil Dhirubhai Ambani Group, or ADAG) came from eye of the problems itself — Reliance Communications (RCom).

 

From mid-December last year, when the word was ripe that the group’s telecom arm would finally monetise assets to cut debt, the RCom stock has appreciated almost 182 per cent. READ MORE

10:16 AM

Buzzing stock

 

Varun Beverages has rallied 9% to Rs 750 on BSE in early morning trade after the company and PepsiCo India decided to enter into a strategic partnership for Tropicana.

 

Varun Beverages (VBL), a key player in the beverage industry, on Thursday after market hours announced that it has further deepened its relationship with PepsiCo by entering into a strategic partnership for the larger Tropicana portfolio along with Gatorade and Quaker Value-Added Dairy in territories across North and East India. READ MORE

9:58 AM

Nifty hits 10,550; top five gainers

Source: NSE

9:44 AM

Indices hit record high

S&P BSE Sensex	34,124.11		0.45%
Nifty 50	10,540.50		0.34%
S&P BSE 200	4,706.63		0.56%
Nifty 500	9,550.55		0.47%
S&P BSE Mid-Cap	18,062.36		0.65%
S&P BSE Small-Cap	19,666.79		0.77%

9:33 AM

Sectoral trend 

All but Nifty IT index was trading in green. 

Source: NSE

9:24 AM

Sensex heatmap at open

Source: BSE

9:19 AM

Markets at open

At 9:18 am, the S&P BSE Sensex was trading at 34,057, up 88 points, while the broader Nifty50 was ruling at 10,529, up 24 points.

S&P BSE Sensex	34,021.27		0.15%
Nifty 50	10,543.05		0.36%
S&P BSE 200	4,690.98		0.23%
Nifty 500	9,505.75		0.00%
S&P BSE Mid-Cap	18,008.98		0.35%
S&P BSE Small-Cap	19,572.97		0.29%

9:11 AM

Derivative Strategy on Hindustan Construction

 

We have seen long positions being built in HCC futures on Thursday where we have seen open interest addition of 9% with price rise of 3%. 

 

In the option segment, 42.5 and 45 call added 1.50 lakh(11%) and 2.55 lakh(9%) shares in open interest suggest higher possibility of sharp price from hereon.

 

READ MORE

9:05 AM

Nifty outlook by Prabhudas Lilladher 

 

Nifty after a short consolidation phase has indicated a positive trigger with the RSI showing a trend reversal and also the daily trend has turned up again after 3 days. Now, the peak of 10,550 need to be breached decisively to see a fresh move upward. However, the support for the day is seen at 33,800/10,450 while resistance is seen at 34,160/10,560. READ MORE