STREET UPDATE: Look who moved my market today
If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. Hence this effort to keep you up to date on LIVE market.
In this space, ETMarkets.com tracks not just the elite 30 from the Sensex pack, or the fabulous 50 from the Nifty collection, but also showcases the newsmakers and top market movers to help you understand why the market moved the way it did, and what you should read into it. Be it largecap, midcap or smallcap, we spare none!
Stay put to stay updated!
CLOSING BELL: Sensex tanks 516 points in thumbs-down to RBI; Nifty at 7,603; Adani Ports, SBI, ICICI Bank crack 6% each. Read more
@3.11 PM: Sensex nosedives over 500 points post RBI rate cut; Europe, oil slump hit sentiments; India VIX sees 2% spike.
@2.57 PM: Nifty50 down over 100 points. All but seven components in the red. Adani Ports, ICICI Bank, Hindalco, Tata Motors DVR, SBI top laggards.
@2.31 PM: ICICI Bank, Infosys, Tata Motors, L&T, SBI contributed most to losses in Sensex.
@2.18 PM: BSE Metal, Bankex, Realty, Capital Goods, India Infrastructure, Auto among top sectoral laggards at this hour. Live chart here
@2.00 PM: Sensex falls over 450 points; 28 of 30 index stocks in the red; Adani Ports SEZ, ICICI Bank, Bharti Airtel, SBI and Tata Motors lead Sensex losers.
@1.41 PM: Parag Thakkar, HDFC Securities: Within the largecap space, I am very bullish on Power Grid, Kotak Mahindra Bank, Tata Motors. Of course the CV story Tata Motors, Ashok Leyland and NBFC like Chola, which we have been bullish about since long, are also included. Read more
@1.24 PM: All but one Sensex stocks in the red. Benchmark down 416 points. Adani Ports, ICICI Bank, Bharti Airtel, SBI bleed.
@1.08 PM: ETMarkets.com collated a list of 10 rate-sensitive stocks that are likely to benefit from the rate cut on change in fundamentals and five other stocks which can gain on technical parameters. Read here
@12.50 PM: Sensex slumps 400 points, breaks below 25K, Nifty50 slips below 7,650; banking, realty counters crack 2% each.
@12.23 PM: AF Enterprises, Amrapali Capital, Autoline Industries, Beckons Industries hit their respective 52-week lows. Meanwhile, 52 weeks Entertainment, AksharChem, Avance Technologies, Balaji Amines, BCC Fuba India buck weak market trend, hitting their 52-week highs.
@12.03 PM, Nifty50 slips below 7,650.
@12.02 PM: Sensex tanks 321 points. All but two components in the red. Adani Ports, SBI, ICICI Bank, Airtel top laggards at this hour.
@11.58 AM: All Nifty Bank stocks in the red. ICICI Bank, BoB, Canara Bank top losers.
@11.41 AM: The interest rate-sensitive stocks from the banking, auto and real estate sectors pared losses, but most of them were still trading in the red. The BSE Bankex was trading 0.48 per cent lower at 18,360.79. ICICI Bank was down 1.64 per cent at Rs 234.60. Shares of Kotak Mahindra Bank, SBI, Bank of Baroda and IndusInd Bank fell 1.09 per cent, 0.90 per cent, 0.26 per cent and 0.20 per cent, respectively.
@11.24 AM: Sensex tanks 300 points. All but three Sensex components in the red. Adani Ports, ICICI Bank, Bharti Airtel, SBI, Tata Motors bleed. HUL, Dr. Reddy’s Labs in the green.
@11.13 AM: Some banking stocks pare losses. 6 out of 12 Nifty Bank components in the red.
@11.05 AM: D-Street gives a big thumbs down to rate cut.
@11.00 AM: The Reserve Bank of India cut the repo rate by 25 basis points in its first money policy review of the new financial year on Tuesday. The central bank also lowered the minimum daily cash reserve ratio (CRR) requirement to 90 per cent from 95 per cent but kept the CRR unchanged at 4%.
@10.49 AM: 9 out of 12 Nifty Bank components in the red. ICICI Bank, BoB, Yes Bank, Bank of India, Canara Bank, SBI, Kotak Bank top losers.
@10.36 AM: Footwear stocks saw a bounce after the Delhi government decided to roll back its proposed hike in value added tax proposed earlier in the state Budget. Reacting to the development, scrips of Relaxo Footwear surged 17.96 per cent, Lehar 8.53 per cent and Liberty Shoes 6.42 per cent. Bata India shares rose 1.42 per cent.
@10.17 AM: Shares of oil marketing companies such as Hindustan Petroleum, IndianOil and others surged up to 3 per cent on the BSE, after they hiked petrol and diesel prices with effect from Tuesday.
@10.00 AM: Interest-rate sensitive stocks treaded cautiously in early trade on Tuesday ahead of the much-awaited bimonthly money policy review by the Reserve Bank of India. Banking stocks dropped up to 2 per cent led by ICICI Bank and Bank of Baroda. Real estate and auto stocks too trimmed to 2 per cent as marketmen belive a 25 basis points rate cut was already in the stock prices.
@9.45 AM: HDFC, NTPC, Lupin, Cipla, and Dr Reddy’s Laboratories among major Sensex gainers. Meanwhile, Adani Ports, Bharti Airtel, ICICI Bank, Tata Motors, M&M are among the major Sensex losers.
@9.35 AM: The S&P BSE Midcap Index was down 0.19 per cent and BSE S&P Smallcap Index was trading 0.22 per cent lower.
@9.25 AM: The 30-share index was trading at 25,305, down 101 points or 0.37 per cent. It touched a high of 25,372.44 and a low of 25,245.46 in morning trade.
@9.20 AM: The Nifty50 came under pressure but was still trading above its crucial support level of 7,700. The fall in the index was weighed down by losses in realty, consumer durable, banks, and auto stocks.
OPENING BELL: Sensex slips 150 points, Nifty50 below 7,750 ahead of RBI meet; Relaxo up 10%, ICICI Bank dips 2%. Read more
Pre-open session: Sensex opens 0.07% higher, Nifty50 0.29% up.
@9.00 AM: Market Outlook: The overall short-term setup remains positive as long as the Nifty50 is trading above 7,600, said Siddhartha Khemka, Head of Research, Centrum Wealth.
“The moving average setup and market breadth remain conducive for a further legup in the near term. The next important level to watch out for would be 7,850 and a sustained move beyond the same level can open upsides towards 8,000 in quick time,” said Khemka.
@8.55 AM: Meanwhile, Nifty50 futures on the Singapore Stock Exchange are trading flat at 7,728.
@8.50 AM: This is what is happening in Asia …
@8.45 AM: And here’s what happened in the US markets:
Meanwhile, this is what happened in the European markets:
@8.40 AM : Here goes a recap of how Sensex ended yesterday
@8.30 AM: And here’s a heads-up on what happened in the markets yesterday:
Rupee up: Extending its winning momentum for the sixth straight sessions, the rupee today strengthened by 5 paise to close at 66.21 per dollar on persistent selling of the American currency by banks and exporters amid sustained foreign capital inflows
Fiscal deficit on track: the fiscal deficit for 2015-16 is expected to be within the target of 3.9% of GDP. It further said that the government remains committed to the path of fiscal consolidation.
Bonds positive: Foreign investors continue to remain positive on the Indian government debt as a debt auction on Monday attracted bids of Rs.8,541 crore ($1.3 billion) against securities worth Rs.6,096 crore put on offer. The 7.59 per cent G-secs maturing in 2026 shot-up to Rs 101.2275 compared to Rs 100.8885 previously, while its yield slipped to 7.41 per cent from 7.46 per cent. The 7.59 per cent G-secs maturing in 2029 rose to Rs 99.52 from Rs 99.15, while its yield moved down to 7.65 per cent from 7.69 per cent.
Call rates lower: The overnight call money rates finished sharply lower at 6.75 per cent from last Thursday’s closing value of 12.00 per cent. It opened lower at 6.80 per cent and moved in a narrow range of 7.00 per cent and 6.70 per cent.
Liquidity: Reserve Bank of India (RBI), under the Liquidity Adjustment Facility (LAF), purchased securities worth Rs 165.74 billion in 40-bids at the overnight repo auction at a fixed rate of 6.75 per cent this evening
@8.20 AM: Here are all small and big stories that might affect your market today:
► Oil prices shed more than 2 per cent in overnight trade, which brought Brent to one-month low, as investors doubted if the oil-producing countries can at all freeze output to address a global glut.
► The Kingdom of Saudi Arabia is going through a sea of change after the oil crisis. A $100 billion reform plan has been laid out by the government to support its bulging deficit.
► At an eight-month high of 52.4 in March, the seasonally-adjusted Nikkei India Manufacturing Purchasing Managers’ Index (PMI) pointed to a manufacturing upturn in the economy.
► After notching up its biggest quarterly gain in nearly 30 years during the March quarter, gold held losses from a two-day decline on Tuesday.
@8.15 AM: And here are some Buy/Sell ideas to begin your trading day…
@8.00AM: Good morning, dear reader!
Here’s something to kickstart your trading day…
Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight – Daniel Drew