Traders rolled over 59.5% November Nifty index futures with next month's series
Here are a few trading ideas from Sacchitanand Uttekar, Equity Technical Analyst of Motilal Oswal Securities
Dow Jones industrial average fell 7.06 points, or 0.04%, to 18,861.63
Trump's victory is also likely to have implications for India's IT and pharmaceuticals sectors
Bad-loan worries came back to haunt the market on Wednesday as the Sensex slid for the second day by plunging 255 points, led by banking stocks after Axis Bank's sharp drop in quarterly profit suggested all is not well on the bad-loan front.Weak global cues following tumbling oil prices and the recent developments involving the Tata group after the ouster of Cyrus Mistry as its chairman cast their shadow, too.The 30-share index cracked below the 28,000-mark and closed at 27,836.5 points, down 255 points, or one per cent. The barometer had lost 88 points in the previous session.The 50-share NSE Nifty settled lower by 76 points, or one per cent, at 8,615. Intra-day, it shuttled between 8,596.6 and 8,657.3.Investors remained cautious as October month series in the derivatives segment is set to expire on Thursday."Unsurprisingly, banks led the fall, and with more banks about to announce results, investors are waiting to see if Axis's numbers can be dismissed as a one-off," said Anand James
Market players say smaller stocks are generally bought by local investors, while overseas investors focus on blue-chips
Metal stocks were back in demand on the bourses, tracking a firm trend in base metals in global market
Trading is expected to remain range-bound in the near term because of various uncertainties, such as Fed rates, US election and corporate earnings season
A 300-point early rally in KSE 100 cushioned the fall that came after news of surgical strikes
Stocks hit a soft patch for the third straight day, as the Sensex succumbed to a slump in European markets as it wiped off early gains and ended lower at 28,224 - an almost one-month low - ahead of the derivatives expiry. The benchmark lost 478.85 points in the previous two sessions. The Nifty managed to close above the 8,700 mark, but was still down 16.65 points at 8,706.40.
The extended first quarter season has kept me buried in sheets of scribbles and expectant extrapolations. This is a sniff of what I have to show for my honest labour.JK Paper: It's high time I saluted this paper company virtually returned from the brink. There was a time, not too many quarters ago, when paper companies had been obituarised. JK Paper kick-started a counter-trend by slashing costs and reporting higher profits. The last quarter was possibly its record quarter - Rs 117 crore of Ebitda (earnings before interest, taxes, depreciation and amortisation) with a near-2.5 per cent interest cover (not quite orgasmic but then you should have seen where the company came from). What I like about the company: a near Rs 3.5-crore decline in interest costs across five quarters even as revenues have risen. M-cap: Rs 900 crore. Annualised Ebitda: Rs 470 crore. If only the interest expense could decline!Akshar Chem: After a number of sleepy successive quarters, this company has done a Lazar
Stocks climbed for a first time in three days, led by gains in mid- and small-sized companies, after a more-than-estimated easing in the nation's main inflation rate revived calls for an interest-rate cut.The BSE 100 Index rose 0.4 per cent, while the S&P BSE Sensex added less than 0.1 per cent after changing direction at least 12 times. The gauges fell the most in almost three months Monday, as global equities slumped amid concern that central banks are preparing to wean markets off unprecedented stimulus."The drop in consumer-price inflation increases the probability of a rate cut, and if the Fed doesn't raise rates at its next meeting, stocks will rebound sharply," Arjun Prajapati, vice-president at Asit C Mehta Investment Interrmediates in Mumbai, said by phone. The Sensex has retreated 2.3 per cent after reaching an 18-month high on Thursday amid a rout in financial markets that's wiped some $2 trillion off the value of global equities over the past week. Volatility soared aft
Equities declined, led by lenders and software as investors refrained from taking fresh bets before Federal Reserve Chair Janet Yellen's speech later Friday.YES Bank fell the most in a month, while State Bank of India and ICICI Bank lost about one per cent each. Wipro and HCL Technologies declined at least 2.4 per cent. Tata Motors, owner of Jaguar Land Rover, rallied the most in two weeks, and tractor maker Mahindra & Mahindra ended a four-day decline.The S&P BSE Sensex and the NSE Nifty 50 Index slid 0.2 per cent at the close after changing direction at least 10 times. The gauges capped their second weekly decline as investors pull back risk before a speech by Yellen that may provide clues on when the US, the world's largest economy, will raise interest rates. Above-average stock valuations also prompting some investors to avoid taking fresh bets, according to Ambit Investment Advisors.Foreign funds have bought a net $5.8 billion of local shares this year, the most in Asia af
The S&P BSE Sensex added 0.4 per cent and a gauge of mid-cap shares jumped one per cent to a fresh all-time high
Gold prices also slipped, hitting a one-week low
Stocks dropped, paring a monthly advance, amid concern that the recent rally may have outpaced the outlook for earnings growth and as most Asian equities decreased after the Bank of Japan's policy decision.ICICI Bank had the steepest fall in more than a month before its earnings, the worst performance on the S&P BSE Sensex. Bharti Airtel decreased the most in two weeks. Larsen & Toubro, the nation's engineering firm, retreated for a second day before its June-quarter results.The Sensex declined 157 points or 0.6 per cent to 28,051.86 at the close, falling from a one-year high reached on Thursday. The gauge has rallied four per cent this month, pushing up its valuations to a 15-month high. That leaves little room for further upside if corporate earnings disappoint, according Taurus Asset Management Co. The 50-share NSE Nifty ended 27.80 points or 0.32 per cent down at 8,638.50."Stocks are not going to go up fast as earnings are not coming along and valuations are stretched," R K
HDFC Bank and Kotak Mahindra Bank slid from records, as bad loans at the country's private lenders increased in the June quarter
Indian stocks rose for a second day, sending at least four companies in the benchmark gauge to a record close, as foreign investors extended their purchases of local shares amid gains in global equities.Coal India Ltd, the world's biggest miner of the fuel, was the top gainer on the S&P BSE Sensex. HDFC Bank Ltd, the most valuable lender, climbed to a record before its quarterly earnings (profit) on Thursday. Power Grid Corp and motorcycle makers Hero MotoCorp Ltd and Bajaj Auto Ltd rallied to all-time highs. Indian Oil Corp, Hindustan Petroleum Corp, and Bharat Petroleum Corp also increased to records.Foreigners have bought $847 million of stocks since July 1, adding to four straight months of inflows that have lifted the Sensex 22 per cent from a low in February amid strong rain after back-to-back droughts and signs of recovery in company earnings (profit).Global equities added more than $4.5 trillion in value in the past three weeks amid expectations policy makers will step up s
Central banks across the globe are continuing to pump in cheap money to support growth
Gati surged 9.5 per cent to a 11-month high and Transport Corp of India rallied to a record