Trends On SGX Nifty Indicate A Positive Opening For The Broader Index In India

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 31.5 points gain or 0.25 percent. The Nifty futures were trading around 12,389-level on the Singaporean Exchange.

Oil prices edged lower on Tuesday as receding Middle East tensions took some heat out of the market, with both Tehran and Washington desisting from any further escalation after this month’s clashes. 

Brent crude was down 8 cents, or 0.1%, at $64.12 per barrel by 0124 GMT. US West Texas Intermediate crude futures were down 4 cents, or 0.1%, at $58.04 a barrel.

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The Sensex Is Down 126.08 Points Or 0.30% At 41,500.56, And The Nifty Down 43.70 Points

The Sensex is down 126.08 points or 0.30% at 41,500.56, and the Nifty down 43.70 points or 0.36% at 12,238.50. About 417 shares have advanced, 435 shares declined, and 46 shares are unchanged.

Gail, ONGC, TCS, Infosys, HCL Tech are among major gainers on the Indices, while losers are Zee Ent, BPCL, Vedanta, Asian Paints, Tata Motors and SBI.

The Indian rupee slipped in the early trade on Friday. It opened lower by 12 paise at 71.49 per dollar versus previous close of 71.37.

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Benchmark Indices Are Trading Higher In The Pre-Opening Session

Benchmark indices are trading higher in the pre-opening session with Nifty above 11,900.

The Sensex is up 105.87 points or 0.26% at 40270.90, and the Nifty up 42.40 points or 0.36% at 11933.00.

Sensex is up 144.26 points or 0.36 percent at 40309.29 in the opening trade while the Nifty is up 52.40 points or 0.44 percent at 11943.00. Tata Steel, Vedanta and IndusInd Bank are the top gainers while YES Bank, Tata Motors and Mahindra & Mahindra are the top losers.

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Shares Of HDFC Life Insurance Company Rallied 4.5 Percent

Shares of HDFC Life Insurance Company rallied 4.5 percent to hit a record high of Rs 637.70 intraday on October 30 after more than 5 percent equity exchanged hands through block deals.

The stock has been was one of the biggest gainers in the last one year, showing more than 70 percent return against 16 percent rally in the Nifty.

The private life insurer posted a 7.6 percent year-on-year increase in its September quarter net profit at Rs 308.7 crore, while its premium grew by 10 percent YoY to Rs 7,453.7 crore during the period.

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Asian Share Markets Pushed Higher On Monday As Signs Of Progress

Asian share markets pushed higher on Monday as signs of progress in the Sino-US trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen.

Trends on SGX Nifty indicate a negative opening for the broader index in India. Nifty futures were trading around 11,295-level on the Singaporean Exchange, down 25 points or 0.22 percent, around 0820 hours IST.

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The Sensex Is Down 91.50 Points At 36968.87, While Nifty Is Down 33.40 Points

The Sensex is down 91.50 points at 36968.87, while Nifty is down 33.40 points at 10885.30. About 190 shares have advanced, 366 shares declined, and 23 shares are unchanged.

Yes Bank, Britannia, Dr Reddy's, ITC, Sun Pharma and M&M are some of the gainers in the early trade on the Indices, while losers include LIC Housing, Indiabulls Housing, JSW Steel, Tata Steel, Hindalco, Vedanta, Axis Bank, IndusInd Bank and ICICI Bank.

Among sectors, except pharma and FMCG other indices are trading lower led by the metal, auto, energy, infra and IT.

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Asian Shares Edged Ahead On Thursday After Wall Street Got A Boost

Asian shares edged ahead on Thursday after Wall Street got a boost from strong retail results, while bonds retreated as U.S. policy makers sounded conflicted on whether to cut interest rates as sharply as markets were wagering.

Wall Street's main indexes rose on Wednesday as upbeat earnings from retailers pointed to strength in US consumer demand, and held gains after minutes from last month's Federal Reserve meeting showed policymakers had debated a more aggressive interest rate cut.

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Share Price Of NMDC Rose 4 Percent On August 14 On The Back Of Strong

Share price of NMDC rose 4 percent on August 14 on the back of strong numbers reported by the company in the quarter ended June 2019.

The company's Q1FY20 net profit was up 20.9 percent at Rs 1,179.3 crore against Rs 975.3 crore in a year ago period.

Shares of HDFC Life Insurance Company fell 7.5 percent on August 14 after reports suggested that Standard Life may have sold major stake in the company through block deals.

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Asian Shares Joined A Global Equities Rally And Safe-Haven Government Bonds

Asian shares joined a global equities rally and safe-haven government bonds pulled back on Wednesday, after Washington delayed tariffs on some Chinese imports in much-needed relief for markets gripped by political and economic turmoil.

US stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally.

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Bharat Forge, One Of World's Largest Forging Companies

Bharat Forge, one of world's largest forging companies, started off year on a weak note by reporting a massive 28 percent degrowth in June quarter profit, dragged by subdued demand in domestic market and inventory destocking in export oil & gas business.

Profit declined to Rs 171.92 crore in June quarter, from Rs 238.75 crore in same period last year. Revenue fell 3.55 percent year-on-year to Rs 23,278.56 crore in quarter ended June 2019.

"Q1 FY20 was a challenging quarter with negative demand development in the domestic market across segments, with OEM's focussed on correcting inventory levels across the value chain. 

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Wall Street Lost Ground On Tuesday After A Warning From President Donald Trump

Wall Street lost ground on Tuesday after a warning from President Donald Trump to China amid ongoing trade negotiations pressured technology shares, while investors looked to an expected Federal Reserve interest rate cut at the conclusion of its monetary policy meeting.

Asian shares weakened in early trade on Wednesday, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure.

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The Benchmark Indices Ended On Positive Note On July 26

The benchmark indices ended on positive note on July 26 breaking six consecutive day fall with Nifty finished near 11,300.

At close, the Sensex was up 51.81 points at 37,882.79, while Nifty was up 32.10 points at 11,284.30. About 1296 shares have advanced, 1173 shares declined, and 161 shares are unchanged.

Yes Bank, Bajaj Finance, Bajaj Finserv, Eicher Motors and Hero Motocorp were among major gainers on the Nifty, while losers were Vedanta, IOC, HDFC, Tech Mahindra and Reliance Industries.

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Maruti Suzuki India's June Quarter Standalone Profit Fell Sharply By 27.3 Percent

Maruti Suzuki India's June quarter standalone profit fell sharply by 27.3 percent year-on-year to Rs 1,435.5 crore despite three-fold jump in other income, dragged by lower volumes.

Revenue during the quarter degrew by 12.2 percent to Rs 19,719.8 crore compared to year-ago, with 18 percent YoY fall in sales volumes. The company sold 4.01 lakh units in June quarter.

Other income increased to Rs 836.4 crore in Q1, against Rs 271.8 crore in year-ago period.

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Wall Street’s Main Indexes Fell On Friday Following A Report

Wall Street’s main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.

Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 36 points or 0.31 percent. Nifty futures were trading around 11,393.50-level on the Singaporean Exchange.

Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices.

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KNR Constructions Shares Rallied 4 Percent Intraday After Company Received

KNR Constructions shares rallied 4 percent intraday after company received work order from Navayuga Engineering.

Company in its BSE filing on July 16 said it has received a work order for Rs 847.34 crore from Navayuga Engineering Company Limited, Hyderabad.

The order is on back to back basis for the balance work of 'Palamuru Rangareddy Lift Irrigation Scheme - Package 10 for the formation of Venkatadri Reservoir bund at Vattem, Bijinepally, Nagarkurnool District.

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Mahindra And Mahindra Shares Fell 2 Percent Intraday After Global Brokerage

Mahindra and Mahindra shares fell 2 percent intraday after global brokerage house CLSA downgraded its rating on the stock to sell from underperform, citing weak earnings growth ahead.

The investment firm also slashed its target price to Rs 590 from Rs 690 per share.

Shares of Tinplate Company of India and Tata Metaliks fell nearly 7 percent intraday after weak set of June quarter earnings reported by both companies.

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Sun Pharmaceutical Industries Shares Rallied 4 Percent Intraday

Sun Pharmaceutical Industries shares rallied 4 percent intraday after company received a rare double upgrade from global research house Morgan Stanley.

The brokerage upgraded stock to overweight and raised price target to Rs 505 from Rs 470 per share, implying 24 percent potential upside as it expects revival in earnings FY21 onwards.

Specialty ramp-up, manufacturing rationalisation, cost control and Halol will help FY21 margin, Morgan Stanley said, adding FY20 will be a transitional year followed by year of cost normalisation.

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Asian Markets Are Trading In The Green As Federal Reserve's Jerome Powell

Asian markets are trading in the green as Federal Reserve's Jerome Powell hinted rate cut ahead.

Japan's Nikkei and China's Shanghai Composite gained 0.3 percent each while Hong Kong's Hang Seng and South Korea's Kospi rallied over a percent each.

Religare Enterprises said it would divest entire stake in RFL, a subsidiary, to TCG Advisory Services.

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Today's Market Gainers and Losers

Titan Company plunged 9 percent, followed by UPL, HDFC, Bajaj Finance and Bajaj Finserv which were down 1.5-2.5 percent.

IOC bucked the trend, rising 3.7 percent. BPCL, Coal India, Yes Bank and ONGC were other gainers.

The BSE Sensex slipped 189.05 points to 38,531.52 and the Nifty50 declined 61.50 points to 11,497.10. About two shares declined for every share rising on the BSE.

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The Sensex Is Up 66.64 Points At 39905.89, While Nifty Is Up 22.50 Points At 11939.30

The Sensex is up 66.64 points at 39905.89, while Nifty is up 22.50 points at 11939.30. About 440 shares have advanced, 245 shares declined, and 29 shares are unchanged.

Infosys, TCS, Tech Mahindra, Allahabad Bank, ONGC, Indiabulls Housing, UPL, Eicher Motors, Yes Bank, Axis Bank, Dr Reddy's Lab, Tata Motors and Hero Motocorp are among major gainers on the indices, while losers are Tata Steel, JSW Steel, Hindalco, Titan and Wipro.

Among the sectors, PSU bank led the gainers followed by IT, pharma and auto, while selling seen in the metal index.

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