Markets Live: Sensex ends marginally lower as traders remain wary ahead of no-trust motion

Closing bell

The Sensex ended marginally lower by 22.21 points or 0.06 per cent at 36,351.23 and the Nifty down 23.35 points or 0.21 per cent at 10,957.10.

Domestic sentiment was hit as traders were reluctant to make fresh bets ahead of the voting on the no-confidence motion against the NDA Government on Friday. Weakening of rupee to 69.06 against the dollar intraday also weighed on investor sentiment.

After opening higher at 36,509.08, the Sensex hit intraday high of 36,515.58 and a low of 36,279.33. It finally settled at 36,351.23, down 22.21 points, or 0.06 per cent.

The 50-share NSE index Nifty ended 23.35 points, or 0.21 per cent lower at 10,957.10. Intraday, it hovered between 11,006.50 and 10,935.45.

Top five Sensex gainers were Vedanta, YES Bank, ITC, Bharti Airtel and Adani Ports, while the major losers were Kotak Bank, L&T, Hero MotoCorp, Tata Steel and Coal India.

As per provisional data, domestic institutional investors bought shares worth Rs 111.01 crore, while foreign portfolio investors bought shares worth Rs 95.68 crore yesterday.

Bullion prices

Gold prices recovered by Rs 25 to Rs 30,825 per 10 grams at the bullion market. Silver, however, remained under selling pressure and shed another Rs 50 at Rs 39,150 per kg. Read more

MCX lead likely to extend downtrend

Lead futures contract on the Multi Commodity Exchange extended its fall breaking below a key long-term support level of ₹152 per kg last week. The contract has tumbled over 5 per cent in the past week from around ₹153 per kg. It is currently trading at ₹145 per kg. Click here to read more

Should you go for riders in term insurance?

Buying term insurance is a critical part of your financial planning; a must-have product which you must buy irrespective of your income level and risk profile. It makes sure that your loved ones are financially secure when you are not around. Click here to read more

Sensex movers, shakers

Top Nifty gainers, losers

Pre-close trade

The Sensex was trading down by over 80 points and the Nifty below 10,950 as the Narendra Modi Government will face the no-confidence motion brought in by TDP and other Opposition parties on Friday.

The Lok Sabha would take up the debate on Opposition-sponsored no-confidence motion against the Narendra Modi Government brought by the TDP and Opposition parties, with Speaker Sumitra Mahajan admitting the notice.

Click here to read more

The BSE index was down 80.91 points or 0.22 per cent at 36,292.53 and the NSE index down 38 points or 0.35 per cent at 10,942.45.

“The participation is sort of muted with individual portfolios not doing well. Only Nifty-based portfolios are protected ... frustrating investors,” said Deepak Jasani, head of retail research at HDFC Securities.

“They are disappointed their portfolio values do not seem to reflect Nifty's bullishness seen in recent times,” Jasani said.

Forex update

The dollar index versus a basket of six major currencies on Thursday rose 0.3 per cent to 95.344, nearing a 12-month high of 95.531 scaled on June 28. The euro was down 0.3 per cent at $1.1610. Read more

Brent crude drops to $72.50

Oil prices fell after official data showed an unexpected rise in US crude stockpiles, record high US output and increase in production by major oil exporters. Brent was down 40 cents at $72.50 a barrel by 0740 GMT. Read more

Kotak Bank net up 12%

The RBI had mandated the bank to lower the promoter holding to less than 20 per cent by December 2018, and 15 per cent by March 2020

Kotak Mahindra Bank has posted a 12.3 per cent increase in its net profit at Rs 1,024.94 crore for the quarter ended June 30, 2018, with a 130.5 per cent increase in provisioning. The lender shares were trading down 3.64 per cent at Rs 1,351 on the BSE. Read more

LME zinc falls sharply

Three-month zinc on the LME rose as much as 2.1 per cent earlier in the session, but was down 3.6 per cent at $2,507.50 a tonne, as of 0739 GMT. In the previous session, the metal had gained 3.5 per cent, its biggest daily jump in almost a year. Read more

MCX resolves technical glitches

MCX has resolved the technical problem which had led to trading halts for the past few days. MCX and its vendors -- for software, hardware and the operating system -- have carried out a detailed analysis of the log records and observed that the incident occurred due to a low level of transmission control protocol packet. Read more

Zydus Cadila to market arthritis drug

Zydus Cadila has received final approval from the US health regulator for Piroxicam capsules, used for the treatment of osteoarthritis and rheumatoid arthritis. The company shares were trading down by 3.23 per cent at Rs 342.65 on the BSE. Read more

Top NSE gainers, losers

Sensex gainers, losers

BSE sectoral indices

Domestic shares were trading flat ahead of no-confidence motion against Modi Government on Friday. The Lok Sabha would take up the debate on Opposition-sponsored no-confidence motion against the Narendra Modi Government brought by the TDP and Opposition parties, with Speaker Sumitra Mahajan admitting the notice.

Click here to read more

The BSE index was down 0.86 point or 0.00 per cent at 36,372.58 and the NSE index up 24.65 point or 0.22 per cent at 10,955.80.

“The participation is sort of muted with individual portfolios not doing well. Only Nifty-based portfolios are protected ... frustrating investors,” said Deepak Jasani, head of retail research at HDFC Securities.

“They are disappointed their portfolio values do not seem to reflect Nifty's bullishness seen in recent times,” Jasani said.

Nifty mid-cap 50 index fell as much as 1.8 per cent and is down over 13 per cent this year as of last close.

Technicals suggest Nifty has a strong support at 10,929 points whereas 11,046 acts as a strong resistance. The BSE index, which hit a record high on Wednesday, has a strong support at 36,278 and resistance at 36,692.

Mutual Fund Reset

Click here to read Aditya Birla Debt Schemes PDF

RBL Bank net profit jumps 35%

RBL_BANK

RBL Bank has registered 34.76 per cent increase in net profit at Rs 190.04 crore for the quarter ended June 30, 2018, against Rs 141.02 crore a year ago. The lender shares were trading down by 1.36 per cent at Rs 557.25 on the BSE. Read more

DB Corp net profit falls

PO12_FC_DB-Corp+G8KVPU46.3.jpg.jpg

DB Corp has reported a 11.39 per cent decline in consolidated net profit to Rs 97.56 crore for the first quarter of the current fiscal. The company shares were trading up by 3.55 per cent at Rs 262.70 on the NSE. Read more

Sensex movers, shakers

Benchmark indices were trading flat as the Narendra Modi Government will face the no-confidence motion moved by TDP and other Opposition parties on Friday.

The Lok Sabha would take up the debate on Opposition-sponsored no-confidence motion against the Narendra Modi Government brought by the TDP and Opposition parties, with Speaker Sumitra Mahajan admitting the notice.

Click here to read more

The Sensex was trading up 33.8 points or 0.09 per cent at 36,407.24 and the Nifty down 3.75 points or 0.03 per cent at 10,976.70.

Gold, silver futures

Gold futures were up by 0.09 per cent at Rs 30,040 per 10 grams. Silver prices declined by Rs 48 to Rs 38,390 per kg. Read more

Mindtree shares tank nearly 9%

Mindtree shares plunged nearly 9 per cent today as the IT firm has reported a 13 per cent decline in net profit on a sequential basis. After opening the day on a weak note, the stock further plunged 8.61 per cent to Rs 971 on the BSE. On the NSE, the shares tumbled 8.73 per cent to Rs 969. Read more

Nifty 50 July Futures (10,981)

The contract has been broadly range-bound between 10,930 and 11,075 over the last few days. A breakout on either side of this range will decide the next move. Traders can stay out of the market until a clear trend emerges. Click here to read more

Global forex update

The dollar was down 0.1 per cent at 112.71 yen early on Thursday after going as high as 113.14 yen in the previous session, its highest since January 9. Against a basket of six major currencies, the greenback edged down 0.08 per cent to 95.006 after hitting a three-week high of 95.407 on Wednesday. Read more

Benchmark indices continued their uptrend on heavy buying in consumer durables, metal and auto stocks amid firm global cues. However, IT, TECk, healthcare and capital goods succumbed to selling pressure.

The Sensex was trading up 98.98 points or 0.27 per cent at 36,472.42 and the Nifty up 9.2 points or 0.08 per cent at 10,989.65.

Top five Sensex gainers were Vedanta, Bharti Airtel, Tata Motors, M&M and ONGC, while the major losers were HDFC, Coal India, TCS, L&T and Hero MotoCorp.

Traders however remained cautious as the Modi Government will face the no-confidence motion moved by TDP and other Opposition parties on Friday.

ITC Global no more an arm of parent

ITC Global Holdings Pte Ltd, Singapore, which was placed under judicial management, ceased to be a subsidiary of ITC. The company was placed under judicial management in 1996 and was in the process of being wound up. Read more

HDFC IPO

The much-awaited HDFC Mutual Fund initial public offering is off the block when the markets are on a roller-coaster. The country’s second-largest fund house is confident of attracting a huge response from investors. Click here to read more

Bank Nifty

On the put option chain, the In-The-Money Bank Nifty Put 27,000 option contract saw maximum addition of fresh positions. OI jumped by 33.90 per cent. The put option price had ended up 29.75 per cent at Rs 220. Click here to read more

Nikkei hovers at 1-month high

Japan's Nikkei share average was hovering at a one-month high thanks to a softer yen as well as strong demand for energy, mining and chip equipment makers. Read more

5Paise.com rights issue

The board of directors of 5Paisa.com has approved a proposal for a Rs 104-crore rights issue to its existing shareholders in the ratio of one equity share of ₹10 each for every equity share of ₹10 each held in the company, at ₹80 a share. Read more

What to watch

Poddar Housing and Development has acquired a land parcel admeasuring in the aggregate about 5,800 sq mt at Dhayari, Haveli, Pune.  The company shares were trading up 3.2 per cent at Rs 715 on the BSE. Read more

Kotak Bank , ABB and Bajaj Finserv are among a host of most actively tracked companies that will declare their results for the period ended June 2018 today. Read more

Jhunjhunwala ups stake in Jaiprakash Associates

Rakesh Jhunjhunwala has raised his stake in Jaiprakash Associates to 1.98 per cent in the June quarter from 1.19 per cent, according to the shareholding pattern available with the BSE. Jaiprakash Associates' shares were trading down 1.67 per cent at Rs 14.65 on the BSE. Read more

The Sensex retreated from intraday high of 36,516 and was trading marginally lower as investors stayed on the sidelines ahead of the Lok Sabha debate on the no-confidence motion moved by TDP and other Opposition parties against Narendra Modi Government on Friday.

Click here to read more

At 9.45 am, the Sensex was down 41.04 points or 0.11 per cent at 36,332.40 and the Nifty down 25.4 points or 0.23 per cent at 10,955.05.

Top five Sensex gainers were ONGC, Bharti Airtel, HUL, M&M and Adani Ports, while the major losers were Tata Steel, SBI, Sun Pharma, Coal India and HDFC.

Barring auto, consumer durables and infrastructure, all other BSE sectoral indices were trading in the red.

The board of Pharmaids Pharmaceuticals on Wednesday approved a scheme of amalgamation for merger of Emergent Bio Naturals (transferor company) into Pharmaids Pharmaceuticals (transferee company). Read more

EPFO invests Rs 50K cr in ETFs

EPFO has invested Rs 48,946 crore in exchange traded funds till June 30, 2018. The Employees’ Provident Fund Organisation is investing in ETFs based on Nifty 50, Sensex, CPSEs and Bharat 22 indices.  Read more

The 30-share BSE index Sensex opened higher by 93.58 points at 36,467.02 against the previous close of 36,373.44 and the 50-share NSE index up 19.5 points at 10,999.95 against 10,980.45.

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:

₹2176 • HDFC Bank

₹1322 • Infosys

₹268 • ITC

₹160 • ONGC

₹1090 • Reliance Ind.

₹259 • SBI

₹1997 • TCS

10978 • Nifty 50 Futures

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

Click here to read more

Today's stock pick

  DLF (₹170.7): Sell

Investors with a short-term horizon can sell the stock of DLF at current levels. The stock tumbled almost 5 per cent accompanied by an above average volume breaching a key support at ₹180.

Click here to read more

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