MARKET WRAP: Sensex rises 159 pts, Nifty ends at 10,686; IT, PSU banks gain

The Nifty IT index settled 1.43 per cent higher led by a rise in the shares of Infosys and Tata Consultancy Services (TCS)

9:22 AM

Tata Steel slips over 1% in early trade

9:19 AM

Sectoral trend on NSE

9:18 AM

Opening gainers and losers in BSE Sensex

9:16 AM

Market at open

 

At 9:15 AM, the S&P BSE Sensex was trading at 35,340, down 14 points while the broader Nifty50 was ruling at 10,621, down 7 points.

9:02 AM

Market at pre-open

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	35,446.72	+92.64	+0.26
S&P BSE SENSEX 50	11,144.98	+32.88	+0.30
S&P BSE SENSEX Next 50	32,102.12	-3.46	-0.01
S&P BSE 100	10,929.94	+27.21	+0.25
S&P BSE Bharat 22 Index	3,461.07	+16.69	+0.48

9:01 AM

Rupee opening

Rupee opens at 70.89/$ vs its previous close of 70.86 per dollar

8:55 AM

Today's picks

 

Larsen & Toubro

Current price: Rs 1,422

Target price: Rs 1,445

 

Keep a stop at Rs 1,405 and go long. Add to the position between Rs 1,435-Rs 1,440. Book profits at Rs 1,445.

 

ONGC

Current price: Rs 147

Target price: Rs 143.5

 

Keep a stop at Rs 149 and go short. Add to the position between Rs 144-145. Book profits at Rs 143.5. Click here to read more

8:50 AM

Sun Pharma, YES Bank and NIIT Tech among top stocks to watch

 

The drug major's wholly-owned subsidiary Sun Pharma Global FZE has agreed to acquire 100 per cent shares of Pola Pharma, Japan, subject to completion of closing conditions, by way of cash consideration of 100 million Japanese Yen (around $1 million). This acquisition would give commercial presence in the dermatology segment in Japan. Read more

8:45 AM

Top trading calls by Anand Rathi

 

APOLLO HOSPITALS: BUY

TARGET: Rs 1,350

STOP LOSS: Rs 1,220

 

The stock has completed the retest of the falling channel and it has reversed from the lower end. The momentum indicator has come into buy mode again which is also a positive sign in the short term as well as medium term. The minimum target on the upside comes to Rs 1,350; hence we can buy this with a stop loss of Rs 1,220. Click here to read more

8:42 AM

Nifty outlook by Prabhudas Lilladher

 

Nifty has taken the near term support of 10480 from where it has given a good bounce above 10600. The RSI on daily chart also shows sign of bounce to continue to progress towards 10650-10700 levels. Bank Nifty too has been well placed keeping 26000 as crucial support. The range for the day is seen at 35080/10570 as support while resistance is seen at 35630/10700. Bank Nifty would have a range of 26080-26650. FMCG continues to show strength & now a bounce is likely from most of the sectors. Read more

8:35 AM

Rupee snaps 7-day winning streak, dips 18 paise at 70.87 against dollar

Snapping its seven-day rising streak, the rupee Monday fell by 18 paise to close at 70.87 against the US dollar amid softening crude oil prices. The domestic currency had gained a healthy 220 paise in the last seven trading sessions. READ MORE

8:30 AM

Oil check

 

Oil managed to regain a little ground after the gut-wrenching slide of recent weeks. Oil prices had climbed nearly 3 per cent on Monday in what was seen as largely a technical correction after weeks of losses.

 

US crude was off 41 cents at $51.22 a barrel, while Brent futures fell 38 cents to $60.10.

 

8:26 AM

SGX Nifty

At 8.25 am, SGX Nifty is trading 48 points, or 0.4 per cent lower at 10,599 levels.

8:20 AM

Asia's mood tested by Trump's tariff threats

 

Asian shares battled to extend a global rebound on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.

Japan's Nikkei managed to edge up 0.4 per cent, but MSCI's broadest index of Asia-Pacific shares outside Japan was all but flat.

8:15 AM

Wall Street check

 

Wall Street bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers. All three indexes posted their biggest percentage gains in nearly three weeks.

The Dow Jones Industrial Average rose 354.29 points, or 1.46 per cent, to 24,640.24, the S&P 500 gained 40.89 points, or 1.55 per cent, to 2,673.45 and the Nasdaq Composite added 142.87 points, or 2.06 per cent, to 7,081.85.