Nifty ends flat after hitting historic 10k mark; Nifty Bank at record high

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9:00 AM

Nifty Outlook by Chandan Taparia of MOSL

 

Nifty index managed to surpass previous high of 9,928 and made a new lifetime high of 9,982. It gave a consolidation breakout of last seven trading sessions and closed with the gains of around 50 points. It made a Bullish Candle at new high territory and is just shy to test its historical 10,000 mark. Now it has to continue to hold above 9,928 to witness an up move towards 10,000 then 10,100 levels while on the downside supports are seen at 9,880, then 9,850.

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8:58 AM

Top technical calls from Prabhudas Lilladher for today's trade

TATA MOTORS - BUY
   

CMP: Rs 464      

TARGET: Rs 490      

STOP LOSS: Rs 445

ADANI PORTS - BUY     
 

CMP: Rs 388.45    

TARGET: Rs 425   

STOP LOSS: Rs 365

CHAMBAL FERTIZERS - BUY
     

CMP: Rs 134.85     

TARGET: Rs 160       

STOP LOSS: Rs 120

 

 

8:57 AM

Idea Cellular in focus

 

Idea Cellular will be in focus in today's trade after the Competition Commission of India (CCI) approved Idea Cellular's proposed merger with Vodafone on Tuesday. The two had announced the $23-billion deal to create India's leader in the telecom sector.

8:51 AM

The dollar crept up from a 13-month low on Tuesday after stronger-than-expected readings on US factory and services activity 

8:50 AM

Asian peers mixed

MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade, with a number of markets looking for fresh impetus after hitting multi-year highs in recent weeks.

 

Japan's Nikkei rose 0.3% and Australian stocks jumped 0.35%, making up some of Monday's 0.6% slide.

 

South Korea's KOSPI was little changed.

8:49 AM

SGX Nifty

 

The Nifty50 futures on the Singapore Stock Exchange were trading 5 points higher at 9,968 indicating a flat opening for the domestic market.

8:49 AM

US Markets

Overnight on Wall Street, the Nasdaq set a new all-time high as investors bet on solid earnings from technology companies. The S&P 500 and the Dow closed in negative territory, following European stocks , which lost 0.2%.