Sensex falls for 5th straight day, ends 344 pts down; Nifty breaks 17,000

CLOSING BELL: The Nifty 50 ended below the 17,000-mark for the first time since October 11, 2022. The NSE benchmark has now shed 630 points in the last five trading sessions.

9:30 AM

PNC Infratech declared lowest bidder for one of Bihar's highway projects

The company was declared lowest bidder (L1) in NHAI's highway project to construct six-lane greenfield Varanasi-Ranchi-Kolkata highway from Pachmon village to Anarbansalea village in Bihar on HAM for Rs 1,260 crore.

9:28 AM

Axis Bank up 0.7% as CRISIL Ratings reaffirms 'stable' rating on debt instruments

Ratings agency CRISIL Ratings reaffirmed 'stable' rating on the debt instruments of the private-sector lender. The overall ratings reflect bank's strong capitalisation, strong market position, and comfortable resource profile, said the ratings agency.

9:26 AM

Most oil refiners trade firm amid fall in Brent crude price

>> Brent crude has been trading below $80/bbl for three days

9:24 AM

HCC's joint venture bags order for Rs 3,681 crore

HCC, along with a joint venture with Megha Engineering & Infrastructures, bagged Rs 3,681 crore project for construction of a bullet train station. The contract was awarded by National High-Speed Rail Corporation Ltd (NHSRCL) for construction of Bandra Kurla Complex Station of Mumbai-Ahmedabad high-speed.

9:21 AM

Broader markets :: Across-the-board rally sweeps markets

9:20 AM

Sectoral trends :: All indices advance around 1% each

9:19 AM

Sensex Heatmap :: 28 of 30 index constituents rally; Bharti Airtel falls 2%, Titan gains 2%

9:18 AM

Opening Bell :: Nifty atop 17,150 with 46 stocks in green

9:17 AM

Opening Bell :: Bulls drive Sensex over 500 pts higher

9:14 AM

Nifty Outlook :: 'Signs of an unilateral upside is not yet visible'

Signs of an unilateral upside is not yet visible. We would look for a direct rise above 17,240 in order to improve conviction. Alternatively, inability to float above 17,185 after the early positivity, will signal continuation of falls into the 16,930-16,800 region.  

Derivative:

Nifty weekly contract has highest open interest at 17,500 for Calls and 17,000 for Puts, while monthly contracts have highest open interest at 18,000 for Calls and 170,00 for Puts. Highest new OI addition was seen at 17,200 for Calls and 16,800 for Puts in weekly and at 17,200 for Calls and 17,200 for Puts in monthly contracts.

FIIs increased their future index long position holdings by -13.01%, increased future index shorts by 7.78% and in index options by 13.85% in Call longs, 9.79% in Call short, 10.97% in Put longs and 1.39% in Put shorts.  

Views by: Anand James - Chief Market Strategist at Geojit Financial Services.

9:09 AM

Pre-Open Session :: Nifty above 17,150

9:08 AM

Pre-Open Session :: Sensex zooms over 350 pts

9:05 AM

Rupee Opening :: Rupee starts higher at 82.28/$ vs Tuesday's close of 82.49/$

8:59 AM

Stocks to watch: Cipla, Axis Bank, PNC Infratech, RailTel, Glenmark Pharma

Stocks to watch today: From Cipla to Axis Bank, here are top stocks to watch out in Wednesday's trading session. READ MORE

8:56 AM

NCLT approves GAIL's Rs 2,079 cr resolution plan for JBF Petrochemicals

The National Company Law Tribunal (NCLT) has approved the state-owned GAIL's Rs 2,079 crore resolution plan for JBF Petrochemicals, which owed Rs 7,918 crore to a consortium led by IDBI Bank. READ MORE