Closing bell
The Sensex closed higher by 165.87 points or 0.48 per cent at 34,616.64 and the Nifty up 29.65 points or 0.28 per cent at 10,614.35.
Sensex gainers, losers
Brokers said the strengthening of rupee, unabated buying by domestic institutional investors and encouraging earnings by blue-chips aided the uptrend. Overseas, Asian markets closed mostly higher even as oil prices crossed $75 a barrel, the highest level since November 2014.
According to provisional data, domestic institutional investors had bought shares worth Rs 387.26 crore, while foreign portfolio investors sold shares worth Rs 259.08 crore yesterday.
Global markets
World stocks steadied after three sessions of losses thanks to strong earnings from the likes of Google and as a rise in US bond yields towards the key 3 per cent level stalled, while oil prices stretched to fresh highs above $75 a barrel. Read more
Bullion prices
Falling for the second straight day, gold prices drifted lower by Rs 85 to Rs 32,225 per 10 grams at the bullion market. Silver also slumped below the Rs 41,000-mark by falling Rs 850 to Rs 40,500 per kg. Read more
LME aluminium
Three-month aluminium on the London Metal Exchange was down 3.2 per cent at $2,222.50 a tonne by 0704 GMT. It touched a low of $2,213 a tonne, its lowest since April 12, and slid by 7.1 per cent on Monday in its biggest one-day drop in eight years. Read more
BSE sectoral indices
NSE sectoral indices
Pre-close trade
The Sensex was trading higher by 224.75 points or 0.65 per cent at 34,675.52 and the Nifty up 47.9 points or 0.45 per cent at 10,632.60. Oil & gas index gained the most by 1.57 per cent, followed by capital goods 0.65 per cent, infrastructure 0.56 per cent and healthcare 0.53 per cent. On the other hand, metal index plunged 1.97 per cent, IT 1.07 per cent and TECk 0.97 per cent.
Top five Sensex gainers were Reliance, YES Bank, ICICI Bank, HDFC and Adani Ports, while the major losers were Wipro, Tata Steel, Infosys, State Bank of India and Tata Motors.
Sensex gainers, losers
Top 10 Nifty gainers
Top 10 Nifty losers
ED attaches DPIL assets
The Enforcement Directorate has attached assets worth Rs 1,122 crore, including wind mills and an under-construction hotel, of Vadodara-based Diamond Power Infrastrucutre in connection with its money laundering probe in a bank fraud case. Read more
The Sensex was trading higher by nearly 150 points on heavy buying in oil & gas and healthcare stocks amid firm global cues.
The BSE index was up 142.15 points or 0.41 per cent at 34,592.92 and the NSE index up 23.6 points or 0.22 per cent at 10,608.30.
Among BSE sectoral indices, oil & gas remained investors' favourite followed by healthcare, auto and banking. On the other hand, metal, IT and TECk stocks succumb to heavy selling pressure.
Financials and pharma stocks also boosted the sentiment, but gains on the NSE index were capped by aluminium producers such as Hindalco Industries Ltd on lower global prices.
Top five Sensex gainers were YES Bank, Reliance, HDFC, ICICI Bank and Dr Reddy's, while the major losers were Wipro, Tata Steel, Infosys, TCS and State Bank of India.
“Metal stocks have corrected as a short-term reaction to global developments,” said Siddhartha Khemka, head of retail research at Motilal Oswal Securities. “It clearly looks like some profit-booking in IT. Interest culminating to price performance can be seen in pharma.”
DCI shares jump 8%
Shares of Dredging Corp of India jumped as much as 7.8 per cent to Rs 672.40, its highest since March 19, as the government is planning to invite bids in a month to sell the company. Read more
Nifty 50 April Futures (10,584)
Fresh long positions can be initiated with a fixed stop-loss on a strong rally above 10,600. The near-term targets are 10,625 and 10,650. Read more
TCS m-cap drops below $100 bn
Shares of Tata Consultancy Services Ltd fell 1 per cent to Rs 3,369.8, and the company’s market capitalisation stayed below the $100-billion mark hit on Monday. Read more
Post noon trade
The Sensex and Nifty were trading higher, with financials and pharma stocks boosting the sentiment, but gains on the NSE index were capped by aluminium producers such as Hindalco Industries Ltd on lower global prices.
At 1.10 pm, the broader NSE index was up 2.55 points or 0.02 per cent at 10,587.25, while the benchmark BSE index was higher by 80.2 points or 0.23 per cent higher at 34,530.97.
“Metal stocks have corrected as a short-term reaction to global developments,” said Siddhartha Khemka, head of retail research at Motilal Oswal Securities. “It clearly looks like some profit-booking in IT. Interest culminating to price performance can be seen in pharma.”
Aluminium prices continued to fall after Washington gave US customers of Russian producer United Company Rusal more time to close out their business with the company and comply with sanctions. The sanctions on Rusal had driven prices of the metal to their highest since mid-2011 recently on fears that the global market could face shortages.
Hindalco plunged as much as 9.3 per cent, its biggest intraday percentage loss since early November 2016. Vedanta Ltd dropped as much as 5.5 per cent, while National Aluminium Co Ltd lost nearly 11 per cent.
The Nifty IT index, which gained 12 per cent this month up to Monday's close, was more than 1 per cent lower. Tata Consultancy Services was down 0.3 per cent, after it hit a market capitalisation of over $100 billion in the previous session.
Financial stocks rose, with YES Bank and ICICI Bank among top percentage gainers on both the indexes. YES Bank climbed over 4 percent, while ICICI Bank was 2 per cent higher. Pharma stocks Lupin Ltd and Dr. Reddy's Laboratories Ltd rose 2 per cent each.
Telecom tower company Bharti Infratel Ltd's shares fell as much as 3.8 per cent after its profit in the March quarter missed analyst estimates. - Reuters
MCX Aluminium
The near-term outlook will remain bullish as long as the contract remains above ₹160. A revisit of ₹178 and ₹179 is likely in the coming days. Read more
Dollar scales 3-month high
The dollar's index against a basket of six major peers rose to as high as 91.076, its strongest since January 12. The dollar index was last steady on the day at 90.929. Read more
Gold prices inched up on Tuesday, but stayed near two-week lows. After falling for the three previous sessions, spot gold had edged up 0.1 per cent to $1,325.81 per ounce by 0417 GMT. Read more
Brent rises to $75.20/bbl
Brent crude oil futures climbed to as high as $75.20 a barrel in early trading on Tuesday, the highest since November 27, 2014. Brent was still at $75 a barrel at 0311 GMT up 29 cents, or 0.4 per cent, from its last close. Read more
Alembic Pharma
USFDA has completed the inspection at Alembic Pharmaceuticals' Panelav facility and has not made any observations. Shares of Alembic Pharma were trading up by 2.71 per cent at Rs 517.60. Read more
Reliance Naval and Engineering
Shares of Reliance Naval and Engineering fell as much as 9 per cent to Rs 24.5, a record low, as auditors have raised concern over the company’s ability to continue as a going concern. Read more
Metal stocks lose shine
Metal stocks plunged as aluminium prices continued their slide. The NSE Metal index dropped as much as 3.3 per cent, its biggest intraday percentage loss since March 23. Read more
Bharti Infratel
Shares of Bharti Infratel fell to over 1-year low due to loss in Q4 tenancies. Read more
Pre-noon trade
Domestic indices continued their uptrend on sustained buying by domestic institutional investors amid firm Asian cues. Encouraging earnings by blue-chip companies also aided the upmove.
The 30-share BSE index Sensex was up 145.40 points or 0.42 per cent at 34,596.17 and the 50-share NSE index Nifty up 18.25 points or 0.17 per cent at 10,602.95.
Among BSE sectoral indices, healthcare was the star-performer followed by oil & gas, infrastructure and realty, while metal index fell the most followed by IT, TECk and power.
Top five Sensex gainers were YES Bank, Reliance, Dr Reddy's, ICICI Bank and Adani Ports, while the major losers were Wipro, Tata Steel, Kotak Bank, Asian Paints and Bharti Airtel.
What to watch
Bharti Airtel, IDFC Bank, GIC are among over two dozen companies will declare their results for the quarter and year-ended March 2018 today. Read more
What to watch
The board of Reliance Home Finance, which meets today to declare Q4 and full-year 2018 results, will also consider fund-raising proposals. Read more
What to watch
Music Broadcast has approved the acquisition of radio business undertaking – ‘Friends 91.9 FM’ - of Ananda Offset Private Ltd on slump sale basis, subject to regulatory approvals. The company shares were trading up by 1.01 per cent at Rs 388.85. Read more
SEBI slaps fine on ABL Bio
SEBI has imposed a total fine of ₹1.5 crore on ABL Biotechnologies and its CMD Kollenmareth Oomman Isaac for indulging in fraudulent plan with regard to subscription of GDRs. Read more
The Sensex was trading higher by nearly 130 points and the Nifty reclaimed 10,600 level in on sustained buying by domestic institutional investors amid firm Asian cues. Encouraging earnings by blue-chip company also added to the uptrend.
At 10.15 am, the Sensex was up 125.04 points or 0.36 per cent at 34,575.81 and the Nifty up 14.9 points or 0.14 per cent at 10,599.60.
Major gainers were YES Bank, ICICI Bank, M&M, HUL, Axis Bank, ITC, RIL, Adani Ports, Maruti Suzuki, Dr Reddy’s, ONGC, Sun Pharma and Bajaj Auto.
On the other hand, shares of Bharti Airtel fell 0.94 per cent and IDFC Bank dropped 0.10 per cent, ahead of their Q4 results scheduled to be announced today.
Sectoral indices, led by realty, FMCG, auto, bankex and consumer durables, were trading in the positive zone with gains of up to 0.93 per cent.
Metal stocks cracked as aluminium prices continued to fall after the US softened its stance on sanctions against Russian metals giant United Company Rusal, leading to a record plunge in aluminum prices.
Nalco, Hindalco, Vedanta and Jindal Steel were among the top losers in the BSE metal index, diving by up to 8 per cent.
Meanwhile, on a net basis, domestic institutional investors had bought shares worth a net Rs 387.26 crore, while foreign portfolio investors sold shares worth Rs 259.08 crore yesterday.
10.15 am
Rupee rebounds by 8 paise to 66.40
The rupee strengthened by 8 paise to 66.40 against the US dollar in early trade at the interbank foreign exchange market today on some dollar selling by exporters and banks. Read more
Asian markets
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2 per cent higher, having hit its lowest level since April 9 following two straight days of declines. Read more
SEBI withdraws defaulter list after dissent
SEBI released an exhaustive list of more than 2,000 entities that had defaulted in penalty payments to the regulator. But the list had to be withdrawn from the website as several companies named in the list raised objections saying they had either cleared their dues or had appealed against the SEBI order to the Securities Appellate Tribunal. Read more
IT stocks on northward march
The outperformance of the Nifty IT index over other sectoral indices and even the benchmark index Nifty 50 continues. It has clocked the highest return of 21 per cent till date in 2018. Read more
Broker's call: HDFC Bank (Buy)
HDFC Bank (Buy)
CMP: ₹1,933.05
Target: ₹2,500
HDFC Bank’s 20.3 per cent y-o-y growth in PAT was in-line with estimates driven by a strong fee income and controlled opex ratios. Read more
Day Trading Guide
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:
₹1933 • HDFC Bank
S1 | S2 | R1 | R2 | COMMENT |
1920 | 1910 | 1945 | 1955 | Initiate fresh short positions with a stiff stop-loss if the stock fails to move beyond ₹1945 levels |
₹1183 • Infosys
S1 | S2 | R1 | R2 | COMMENT |
1172 | 1160 | 1195 | 1210 | Fresh long positions can be initiated with a tight stop-loss only if the stock of Infosys rallies above ₹1195 levels |
Click here to view the full guide
9.15 am
Opening bell
The benchmark BSE Sensex opened higher by 124.36 points at 34,575.13 and the Nifty up by 16.65 points at 10,601.35 against 10,584.70.
9.10 am
Wall Street ends mixed
The Dow Jones Industrial Average fell 14.25 points, or 0.06 per cent, to 24,448.69, the S&P 500 gained 0.15 points, or 0.01 per cent, to 2,670.29 and the Nasdaq Composite dropped 17.53 points, or 0.25 per cent, to 7,128.60. Read more
9.05 am
Today's stock pick
Arvind SmartSpaces (₹191.7): Buy
Investors with a short-term perspective can buy the stock of Arvind SmartSpaces at current levels. The stock has been on a long-term uptrend since taking support at ₹67 in February 2017. Read more