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Markets live: Sensex trading up 21 points

  • 9.30 am: The BSE Sensex moved up 21 points or 0.07 per cent to 28,407.38 while the NSE Nifty was up 3.80 points at 8,479.55.
  • Trading was muted as investors turned cautious ahead of the expiry of derivates contracts today.
  • The rupee strengthened to 61.80 against the dollar in early trade today at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid sustained foreign capital inflows.
  • 9.15 am: The Sensex was up 2.51 points at 28,388.70 while the Nifty was up 4.40 points at 8,480.15.
  • Pre-open trade: The Indian benchmark indices are likely to be volatile as investors roll over positions on expiry of November contracts.
  • On Wednesday, the Nifty ended up 12.65 points or 0.1 per cent at 8,475.75 while the Sensex gained 48.14 points or 0.2 per cent to 28,386.19.
  • Oil stocks will be in focus ahead of an OPEC meeting later today to discuss the impact of the fall in crude oil prices.
  • Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded.
  • Monte Carlo’s ₹350-cr IPO to open on Dec 3

    Fund raising: Jawahar Oswal (left), Chairman, Monte Carlo Fashions Ltd,
along with Sandeep Jain Executive Director, at a press conference held in
Mumbai on Wednesday to launch company's IPO. - PAUL NORONHA

    Our Bureau

    Branded garment manufacturer Monte Carlo Fashions Ltd is issuing equity shares for public... »

    Indian markets pricing in rate cut, despite wary central bank

    Reuters

    Investors in India's markets are betting that Finance Minister Arun Jaitley will persuade a more... »

    Berger Paints India Ltd (₹372)

    Gurumurthy K, BL Research Bureau

    Investors with a short-term perspective can consider buying the stock of Berger Paints at... »  

    Nippon Life to hike stake in Reliance Capital to 49%

    Anil Ambani, Chairman, Reliance Capital AMC

    PTI

    Japanese financial services giant Nippon will hike its stake in India’s top fund house Reliance... »

    Markets

    Sensex, Nifty rebound in volatile trade; realty in limelight

    Suresh Iyengar

    Sensex gained 48 points after the sharp fall in crude oil prices last night. The benchm... »

    Markets

    Fund mop-up via pref issue drops over 38% in Apr-Oct

    PTI

    Funds mobilisation by listed companies through preferential allotment of shares dropped by 38.5... »

    Markets

    Newsmaker

    Greenply de-merges laminates business

    Rajalakshmi Nirmal, BL Research Bureau

    The stock of Greenply Industries fell 14 per cent on Wednesday, following the de-merger of its l... »

    Markets

    Exim Bank taps Samurai bond market to raise Rs 1,000 cr

    Beena Parmar

    The Export-Import Bank of India (Exim Bank) has issued 10-year bonds in the Japanese bond market... »

    Markets

    ECB outlook lifts European shares

    Reuters

    European shares pushed higher on Wednesday, bolstered by the prospect of more stimulus from the... »

    Markets

    South Korean shares end flat

    Reuters

    South Korean shares drifted sideways on Wednesday after trading across a tight range as market pl... »

    Rupee gains 4 paise against dollar

    PTI

    The rupee strengthened by 4 paise to 61.80 against the dollar in early trade today at the Interbank Foreign Exchange on increased selling of the US currency by exporters and banks amid sustained f... »

    Crude oil extends losses ahead of key OPEC meeting

    PTI

    Oil prices retreated further in Asia today on expectations the OPEC cartel will keep production at present levels despite pressure over falling prices at a key meeting later in the day, analysts s... »

    IIM-A, WGC set up gold think-tank

    Our Bureau

    It may well emerge as one of the top think-tanks for fuelling the engine of the Indian economy. The Indian Institute of Management-Ahmedabad (IIM-A) and the World Gold Council (WGC) on We... »

    Volume dips at Coonoor tea sale

    PS SUNDAR

    A volume of 17.28 lakh kg is being offered for Sale No: 48 of Coonoor Tea Trade Association auction to be held on Thursday and Friday. This is some 37,000 kg less than last week’s offer. Of this,... »

    Rupee edges up to 61.84 vs dollar

    PTI

    The rupee edged up by two paise to close at 61.84 against the greenback on Wednesday on stray dollar selling by exporters. Firm dollar overseas and sustained capital inflow... »

    Berger Paints India Ltd (₹372)

    Gurumurthy K, BL Research Bureau

    Investors with a short-term perspective can consider buying the stock of Berger Paints at current levels. The stock surged about 5 per cent on Wednesday accompanied by strong volumes. It wa... »  

    Weak cues sap rubber

    Our Correspondent

    Spot rubber closed unchanged on Wednesday. The market opened firm but lost the initial gains following the declines in domestic futures and absence of genuine buyers. RSS 4 was fla... »

    Higher inflow crushes castor

    Our Correspondent

    Castor price moved down due to weak export demand and higher arrival. With this, castor futures too decreased on profit-booking. On the NCDEX, castor December contract lost ₹80 to... »

    Monetising data? Organise it first

    Pravin Chandrasekaran

    Much attention has been focused on the subject of data science in the last couple of years. There’s been plenty of activity in the field: universities offering data analytics courses, emergence... »

    Broker's call - Allcargo Logistics

    SBICap SecuritiesAllcargo Logistics (Buy)CMP: ₹327.65Target: ₹361Allcargo Logistics has reported strong second quarter results on the back of robust performance a... »

    Company news

    Gold imports in Sept rises to 95,673 kg

    Greenply de-merges laminates business

    Currency midday update for Nov 26

    FTIL shares spurt on MCX stake sale

    Global cotton trade likely to decline by 11% in 2014-15: ICAC

    India ranks 2nd in Asia with $1.4-bn FII inflows: HSBC

    Technical forex report for Nov 26

    The Nifty call: Go short with a stop-loss at 8,495

    Asia shares edge higher, oil tumbles to 4 year low

    Reuters

    Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as... »

    Diamond traders in Mumbai bank on Segoma Imaging to cut costs

    Suresh P Iyengar

    Sharp rises in cost and slowing demand are forcing diamond traders to adopt technology not only to sell diamond jewellery but also to source rough diamonds.Israel-headquartered Segom... »

    N. Indian buying lends sheen to turmeric

    Our Correspondent

    Spot turmeric prices improved by ₹200 a quintal at Erode markets on Wednesday due to upcountry demand. “Only medium quality turmeric arrived for sale, but those traders who have received some upco... »

    Mixed trend in pepper

    GK Nair

    Pepper prices witnessed a mixed trend on Wednesday with the futures contracts on the regional commodity exchange moving up and the spot prices ruling steady on limited activities. On the IPSTA pla... »

    Brokerage firms maintain ‘buy’ call on ITC stock

    Our Bureau

    A day after cigarettes to consumer goods company ITC’s scrip was sold heavily on news of the Government accepting the Health Ministry recommendation on banning loose cigarettes, the stock... »

    COMMODITY COMMENTARY

    Are Indian castor oil exporters selling the country short?

    After a subdued period of trading well below ₹4,000 a quintal due to inventory overhang, castor seed prices have begun to look up in the last two months, thanks to the improved market outlook. »

    LANGUAGE LAB

    Cash Market

    Gayathri G

    Also called spot or physical market, a cash market is one in which securities or commodities are sold for cash and immediate delivery. Immediate here means one month or less. Foreign exc... »

    Subdued demand pounds pulses

    Our Correspondent

    Tur has been witnessing a downtrend in Indore mandis for the past one week on sluggish demand. Amid rise in arrivals and slack buying support from the millers , tur (Maharashtra) prices we... »
    WEEKLY OUTLOOK

    MCX-Copper: Testing key support levels

    Gurumurthy K

    The copper futures contract traded on the Multi Commodity Exchange (MCX) has tumbled after recording a high of ₹418.2/kg on Friday. However, this fall halted at a key trend line supp... »

    What to Watch

    Roto Pumps turns ex-stock split today

    Shares of Roto Pumps will remain in focus on the bourses from Thursday, as the industrial machinery company has fixed November 27 as the ex-date for stock split. The company proposes to su... »

    Gold slips on weak demand; silver too slumps

    Sensex, Nifty rebound in volatile trade; realty in limelight

    Fund mop-up via pref issue drops over 38% in Apr-Oct

    Exim Bank taps Samurai bond market to raise Rs 1,000 cr

    WGC, IIM-A to set up gold policy centre

    ECB outlook lifts European shares

    South Korea to ease stock market rules to bolster trading

    Nippon Life to hike stake in Reliance Capital to 49%

    New checks to ring-fence markets from defaults, systemic risks

    DATA BANK

    Exchange Rate

    Dollar Spot Forward Rate

    Open-Ended Mutual Funds

    MCX-SX Currency Futures

    NSE Currency Futures

    More Disclosures »

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