Markets end at fresh closing highs amid earnings optimism; Airtel, RIL gain

Catch all that happened in the market here

9:34 AM

Nifty Bank hits fresh high; 10 out of 12 constituents were trading in green (Source: NSE)

9:31 AM

Nifty PSU Bank (up 0.7%) was the leading sectoral gainer (Source: NSE)

9:28 AM

Top Sensex gainers and losers (Source: BSE)

gainers1

9:25 AM

Nifty outlook by by Anand James of Geojit Financial Services 

 

Successive triangular patterns supports the 10,300 view, but with oscillators tightly wound, volatility or a minor pull back may be expected, which should render the uptrend healthier. Direct fall below 9,824 could significantly puncture upside potential, and instead draw up the possibilities of 9,400 levels, but favoured view expects downsides to be limited to 9,700 vicinity in a worst-case scenario.

9:23 AM

At 9:20 am, the Sensex was trading at 32,081, up 52 points, while the Nifty50 was ruling at 9,924, up 9 points.

9:18 AM

The Nifty index opens at fresh record high of 9,939. Last time, it hit its lifetime high of 9,928 on July 17.

 

9:16 AM

Oil update

Oil prices gained on Monday after a steep fall the session before, buoyed by expectations that a joint OPEC and non-OPEC meeting later in the day may address rising output in Nigeria and Libya, two OPEC members so far exempt from a push to cut production. London Brent crude for September delivery was up 24 cents at $48.30 a barrel. 

9:13 AM

Shareholders might have cheered the bonus issue announcement by Reliance Industries (RIL) at its annual general meeting (AGM), however, it may not alter the oil-to-telecom conglomerate’s fortunes by much looking at the past. Previous two bonuses— in 1997 and 2009 — by the country’s most valuable company, have failed to fuel any rally in its stock price READ MORE HERE

9:11 AM

Nifty outlook and top stock picks by Devang Shah for today's trade CLICK HERE FOR MORE

9:11 AM

Earnings analysis

The corporate results season for the April-June 2017 quarter has started on an encouraging note, thanks to a better-than-expected performance by industry heavyweights such as Reliance Industries (RIL) and Hindustan Zinc. CLICK HERE FOR THE FULL REPORT 

9:10 AM

Buy Apolllo Hospitals, Emami, says Vaishali Parekh of Prabhudas Lilladher CLICK HERE FOR MORE

9:09 AM

Market outlook for the day

 

Today the markets are likely to open on flat note. All emerging markets are trading mixed. The coming session is likely to witness a range of 9800 on declines and 9980 on advances on the Nifty: SMC Global

9:08 AM

In pre-open trade, the Sensex was trading at 32,090, up 61 points, while the Nifty50 was ruling at 9,933, up 18 points.

9:01 AM

Earnings today

 

HDFC Bank, Ambuja Cements, Zee Entertainment, HUDCO, Indiabulls Realty and Tata Communications are among 37 companies scheduled to report their quarterly numbers during the day. 

9:01 AM

Arihant Capital Markets on Bajaj Auto

 

With good monsoon, low Inflation and lower interest rates management is expecting a good growth and improvement in margin as well as revenue levels. We forecast Bajaj’s domestic and export volumes to recover from Q2 FY18. We have valued the stock at PE of 20(X) to its FY19E EPS of Rs 141 and arrived at fair value of Rs 2820. We have “NEUTRAL” Rating on the stock