Markets Live: Sensex up more than 200 points at the close

Sensex ends session up more than 200 points

The Sensex was trading at 35,704 points at the close on Wednesday. This represented a gain of 234 points or 0.66 per cent higher on its previous close. The Sensex closed Monday's session at 35,470 points. The NSE Nifty was trading at 10, 729 points near the close on Wednesday. This represented a gain of 66 points or 0.62 per cent higher.

The top gainers in the session were Bharti Airtel,HDFC, HDFC Bank, Larsen & Toubro and Bajaj Auto. The laggards were Sun Pharma, YES Bank, TCS, NTPC, Tata MOtors and Infy.

Sensex top gainers and laggards

Oil rises to $51 after steep slide

Oil edged up to $51 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an OPEC-led effort to tighten supply. Read more

Sensex extends gains

The Sensex extended its upward trend to quote at 35,652.74 points in the afternoon session on Wednesday. This represented a gain of 182 points or 0.51 per cent. The NSE Nifty gained 67 points or 0.64 per cent to trade at 10,731 points.

Sensex up more than 100 points

The Sensex reversed its declining trend to quote at 35,599 at 2.17 pm on Wednesday. This represented a gain of 129 points or 0.37 per cent up. The Nifty was also trading in the green at 10,721 points, up 57 points or 0.54 per cent higher on its previous close.

The top gainers on the Sensex were HDFC, Larsen & Toubro, Bharti Airtel, HDFC Bank and Asian Paints, while the laggards were Sun Pharma, TCS, IndusInd Bank, YES Bank and Tata Motors.

Earlier in the day, the benchmark indices dropped sharply as investors turned jittery over political uncertainty in the US and fears of a global economic slowdown amid heavy sell-off by foreign investors.

The Sensex had fallen 271.92 points, or 0.76 per cent, to 35,470.15 in the previous session on Monday. Financial markets were closed Tuesday on account of Christmas.

Nifty call: Buy on dips with stop-loss at 10,590 levels

Taking cues from the bearish global markets, the Sensex and the Nifty began the session on a negative note. The US markets tumbled almost 3 per cent on Monday and the Asian markets are trading mixed. Read more

Benchmark indices reverse declining trend

The Sensex continued to make up lost ground in the afternoon session on Wednesday. At 1.23 pm, it was quoting at 35,309 points, down 160 points or 0.45 per cent lower. The Nifty was trading at 10,631 points, representing a loss of 32 points or 0.30 per cent.  

Gold hits 6-month high

Gold prices hit a six-month high on Wednesday as concerns over global growth and a partial government shut-down in the US fuelled risk aversion, prompting investors to seek refuge in the metal. Read more

Sensex halts decline

The Sensex halted its morning slide to recover some of losses at mid-session.At 12.20 pm it was quoting at 35,244 points, representing a loss of 225 points or 0.64 per cent lower. The NIfty index was quoting at 10,607 points, down 55 points or 0.52 per cent lower than its previous close.  

Most Asian currencies shaky as growth concerns

Most Asian currencies were little changed on Wednesday as they rolled into the year-end in a shabby state, with global growth risks and political uncertainty in the US leaving little chance of a strong near-term recovery.  Read more

Re strengthens to 69.79

The rupee was trading at 69.79 to the dollar at 11.43 am. It hit a low of 70.06 and a high of 69.75 in the course of trading on Wednesday. The rupee has gained on increased selling of the US currency by exporters and banks. For more

Sensex recoups some losses

The Sensex recovered some lost ground to quote at 35,139 points at 11.30 am. This represented a drop of 330 points or 0.93 per cent on its previous close. The Nifty was quoting at 10,572 points, a drop of 90 points or 0.85 per cent. 

The top gainers on the Sensex were HCL Tech, Asian Paints, ITC and Hero MotoCorp, while the top losers were YES Bank, IndusInd Bank, Sun Pharma, Bajaj Finance and Reliance.

According to reports, investors turned jittery over political uncertainty in the US and fears of a global economic slowdown amid heavy sell-off by foreign investors.

The Sensex had fallen 271.92 points, or 0.76 per cent, to 35,470.15 in the previous session on Monday. Financial markets were closed Tuesday on account of Christmas.

The losses on Dalal Street were led by metal, realty, banking, IT, pharma and auto stocks.

US President Donald Trump Tuesday ruled out an end to the partial government shutdown till the Congress approve funds for building a wall along the Mexican border to prevent entry of illegal immigrants.

Global investors also took cues from Wall Street stocks which plunged for a fourth straight session Monday amid rising doubts over the US economy after Treasury Secretary Steven Mnuchin’s efforts to reassure investors fell flat.

Strike a success: UFBU

The United Forum of Bank Unions (UFBU) on Wednesday said its one-day all-India bank strike on December 26 (today) was a "total success". Read more

Maruti Suzuki recall

Maruti Suzuki India (MSI) on Wednesday said it is recalling 5,900 units of its light commercial vehicle Super Carry to replace faulty fuel filter. Read more

Sensex down 360 points at 35,109

The Sensex recouped some of its losses to trade at 35,109 points in the mid-morning session. This represented a loss of 361 points or 1.02 per cent lower than its previous close. The NSE Nifty was quoting at 10,562 points, down 100 points or 0.95 per cent lower than its previous close.

Re up 19 paise against dollar

The rupee gained 19 paise against the US dollar on Wednesday to trade at 69.95, after increased selling of the US currency by exporters and banks. Read more

Sensex plunges over 400 points

The Sensex extended its early losses to plunge over 400 points on Wednesday morning. It was quoting at 35,046 points at 10.19 am, down 1.19 per cent or 423 points on its previous close. The Nifty was quoting at 10,541 points, representing a loss of 1.14 per cent or 121 points.

All the stocks in the Sensex were in the red, with the top losers being YES Bank (down 3.76%), SUn Pharma (2.52%), Tata Motors (2.50%), Bajaj Finance (2.11%) and IndusInd Bank (down 2.06%).

According to reports, investors turned jittery over political uncertainty in the US and fears of a global economic slowdown amid heavy sell-off by foreign investors.

The Sensex had fallen 271.92 points, or 0.76 per cent, to 35,470.15 in the previous session Monday. Financial markets were closed Tuesday on account of Christmas.

The losses on Dalal Street were led by metal, realty, banking, IT, pharma and auto stocks.

US President Donald Trump Tuesday ruled out an end to the partial government shutdown till the Congress approve funds for building a wall along the Mexican border to prevent entry of illegal immigrants.

Global investors also took cues from Wall Street stocks which plunged for a fourth straight session Monday amid rising doubts over the US economy after Treasury Secretary Steven Mnuchin’s efforts to reassure investors fell flat.

Markets were also unnerved by weekend news reports that US President Donald Trump was weighing whether to fire Federal Reserve Chairman Jerome Powell, accounts that Mnuchin said Trump had denied.

The rupee, meanwhile, gained against the US dollar, and was trading at 69.82 a dollar, up 0.46 per cent from its previous close.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 577.10 crore Monday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 186.14 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong’s Hang Seng was fell 0.40 per cent, Kospi dropped 1.57 per cent and Shanghai Composite Index shed 0.02 per cent; while Japan’s Nikkei was up 0.65 per cent in early trade.

On Wall Street, the Dow Jones Industrial Average index cracked 653.17 points, or 2.91 per cent, to 21,792.20 on Monday.

Sensex extends losses

The Sensex extended its losses to quote at 35,094 points at 10.07 am on Wednesday. This represented a loss of 376 points or 1.06 per cent lower than its previous close. HDFC stock was the only one in the green. The major losers were YES Bank, Sun Pharma, IndusInd Bank, Tata Motors and Kotak Bank.

Dollar under pressure

The dollar was broadly lower on Wednesday, pressured by a cocktail of negative factors including heightened concerns over the partial US government shutdown and tension between the White House and the Federal Reserve. Read more

Rupee trading firmer at 69.79

The rupee was trading at 69.79 to the dollar in the morning session on Wednesday. The last traded price of the Indian unit was 69.9650 to the dollar.

Sensex down 360 points

The Sensex was quoting at 35,110 points at 9.44 am on Wednesday. This represented a drop of 360 points or 1.01 per cent lower than its Monday close. The Nifty was trading at 10,560 points or 102.65 points or 0.96 per cent lower than its previous close.

Day Trading Guide for Dec 26, 2018

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2084 • HDFC Bank

₹649 • Infosys

₹276 • ITC

₹148 • ONGC

₹1090 • Reliance Ind.

₹292 • SBI

₹1915 • TCS

10681 • Nifty 50 Futures

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.

Today's Pick: REC (₹113.7): Buy

Investors with a short-term perspective can buy the stock of REC at current levels. The stock has been on an intermediate-term sideways consolidation phase in a wide band between ₹95 and ₹125 since May this year.  Read more

World stocks under a cloud

Global stock markets headed into the year-end under a heavy cloud after another rout this week as US political uncertainty added to heightened concerns over slowing global economic growth. Read more

Benchmark indices open in the red

The benchmark indices the BSE Sensex and Nifty opened Wednesday’s session in the red. The Sensex opened at 35,289 points, down 180 points on Monday’s close. The market was shut for Christmas on Tuesday. The Nifty opened the session at 10,616 points, down 45 points or 0.44 per cent on its previous close.