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Global markets
Oil prices eased on Tuesday from 3-1/2-year highs hit on worries the United States may be set to pull out of a key nuclear accord with Iran, while robust tech sector gains in Asia helped support world stocks. Read more
Closing bell
Benchmark indices ended marginally up in a choppy trade due to profit-booking by investors despite firm global cues.
The Sensex opened higher at 35,349.85, touched an intraday high of 35,388.87. However, profit-booking by investors ahead of Karnataka elections this week trimmed the gains, with the gauge hitting day’s low of 35,136.01.
It finally ended up 8.18 points or 0.02 per cent at 35,216.32. The index had rallied 292.76 points in the previous session.
Sensex gainers, losers
BSE sectoral indices
Similarly, the Nifty, after hitting a high of 10,758.55, closed at 10,717.80, up just 2.30 points, or 0.02 per cent. It touched an intraday low of 10,689.40.
NSE sectoral indices
According to provisional data, on a net basis, domestic institutional investors had bought shares worth Rs 1,037.23 crore, while foreign portfolio investors sold equities worth Rs 635.24 crore yesterday.
European markets
The pan-European STOXX 600 index was down 0.6 per cent at 0910 GMT, with Italy's FTSE MIB down 2.3 per cent as the chances of an early election grew, reviving worries of political turmoil in the euro zone's third-largest economy. Read more
MF investments
Investors have pumped Rs 1.4 lakh crore into mutual funds in April, driving the industry asset base to a staggering Rs 23.25 lakh crore. More on this
Bullion prices
Gold maintained its upward trend for the third day at the bullion market, rising by Rs 50 to Rs 32,230 per 10 grams. Silver followed suit and edged up by Rs 50 to Rs 40,650 per kg. Read more
Pre-close trade
The Sensex was trading down 5.13 points or 0.01 per cent at 35,203.01 and the Nifty down 2.65 points or 0.02 per cent at 10,712.85.
Analysts say the markets could see some correction before the outcome of elections in the southern state of Karnataka.
“There could be some correction before the election results are known. I expect NSE to be range-bound between 10,500 - 10,800,” said AK Prabhakar, head of research at IDBI Capital.
“However, the market is generally positive and there could be gains in oil marketing companies due to the possibility of fuel prices being hiked after the Karnataka elections.”
Top five Sensex gainers were ICICI Bank, SBI, PowerGrid, Axis Bank and TCS, while the major losers were M&M, L&T, Infosys, IndusInd Bank and YES Bank.
Among BSE sectoral indices, banking, realty and PSU gained the most, while consumer durables, capital goods, TECk and IT succumbed to selling pressure.
Falling Re, rising crude reignite inflation fears
The Narendra Modi government approaches its fourth anniversary on a distinctly inauspicious note, with crude oil prices touching a four-year high and the rupee sinking to below 67 to a dollar. This is likely to lead to higher inflation and a further hardening of interest rates. Click here to read more
Walmart-Flipkart deal
The world’s largest retailer Walmart Inc is close to clinching a deal to buy a majority stake in Flipkart for roughly $15 billion. Click here to read more
Walmart is close to clinching a deal to buy a majority stake in Flipkart.
Aditya Birla SL Pure Value
ABSL Pure Value has delivered splendid 20 per cent annual returns over the past 10 years, placing it on top of the mid-cap fund universe, ahead of even quality names such as IDFC Premier Equity, HDFC Mid-Cap Opportunities and UTI Mid Cap. It has delivered 2-7 percentage points higher than value-focussed funds such as L&T India Value and ICICI Pru Value Discovery over the long term. Read more
Notebook with mutual funds sign on a table. Business concept.
Exide shares extend gains
Shares of Exide Industries Ltd edged higher on Tuesday, after gaining over 5 per cent in the previous session. At 1.50 pm local time, the company shares were trading up by 1.75 per cent at Rs 266.75 on the BSE. More on this
Trump's decision on Iran nuclear deal
US President Donald Trump will announce today whether he will withdraw from the Iran nuclear deal and a senior US official said it was unclear if efforts by European allies to address Trump's concerns would be enough to save the pact. Click here to read more
US President Donald Trump has repeatedly threatened to withdraw from the deal. File Photo
Insolvency regulator shows teeth
Sending a strong signal, insolvency regulator IBBI’s Disciplinary Committee has suspended the registration of an insolvency resolution professional Bhavna Sanjay Ruia for one year for charging an exorbitant fee. Read more
Currency call
Strong dollar, oil keep rupee under pressure
Rupee has decisively declined below the crucial 66.9-67 support zone. This zone (67-66.9) will now act as a strong resistance for the currency. As long as it remains below 67, a fall to 67.4 looks likely in the short term. Read more
The Sensex fell by 181 points from intraday high of 35,389 and was trading flat due to profit-booking by investors ahead of Karnataka elections this week.
At 1.20 pm, the BSE index was down 2.91 points or 0.01 per cent at 35,205.23 and the NSE index down 10.65 points or 0.1 per cent at 10,704.85.
Intraday, the Sensex hit a high of 35,388.87 and a low of 35,136.01. Similarly, the Nifty touched intraday high of 10,742 and a low of 10,706.
Analysts say the markets could see some correction before the outcome of elections in Karnataka.
“There could be some correction before the election results are known. I expect NSE to be range-bound between 10,500-10,800,” said AK Prabhakar, head of research at IDBI Capital.
“However, the market is generally positive and there could be gains in oil marketing companies due to the possibility of fuel prices being hiked after the Karnataka elections.”
Top five Nifty gainers were ICICI Bank, HPCL, BPCL, SBI and Eicher Motors, while the major losers were M&M, IndusInd Bank, L&T, YES Bank and Bajaj Finance.
Go short on India Cements
The outlook for India Cements (₹136.2) is negative. The stock finds immediate support at ₹117 and a close below that level can trigger fresh selling that could drag it to two-digits. More on this
Your stock portfolio
Can Fin Homes in a medium-term downtrend
The stock can find support either at ₹380 or ₹350 levels and reverse higher in the medium term. You can consider averaging at lower levels with a fixed long-term stop-loss at ₹335 levels. Click here to read more
Post-noon trade
The Sensex was trading up by 51.38 points or 0.15 per cent at 35,259.52 and the Nifty up 12.8 points or 0.12 per cent at 10,728.30.
Nifty 50 May Futures (10,745)
Short-term traders with high risk appetite can go long at current levels and also accumulate on dips at 10,735. Stop-loss can be placed at 10,720 for the target of 10,785. Click here to read more
ANB Capital merges with Anarock
Anarock Property Consultants today announced the merger of ANB Capital with itself to start a real estate investment banking advisory service. More on this
Gold futures down
Gold prices softened by 0.11 per cent to Rs 31,433 per 10 grams at the futures trade as participants trimmed positions tracking a weak trend overseas. Read more
ICICI Bank shares rallied on hopes of improvement in asset quality. The stock jumped as much as 7.7 per cent to 311.65, highest since March 1. Click here to read more
Deccan Gold Mines glitters over 17%
Shares of Deccan Gold Mines rallied as much as 17.3 per cent on hopes of a positive verdict from the Supreme Court on Hutti gold mines. Read more
gold-mining
What to watch
ABB India and Mahindra Holidays are among over two dozen companies that will declare their fourth quarter and annual results for the period ended March 2018 today. More on this
What to watch
Veto Switchgears and Cables Ltd has received an order worth ₹25 crore for its new product Vyoma for modular switches. The company shares were trading down by 1.68 per cent at Rs 231.60 on the BSE. Read more
Dollar hovers near 4-month high
The dollar hovered near a four-month high, backed by rising Treasury yields and broadly strong US economic data, leaving its major rivals such as the euro struggling and others, including the Argentine peso down sharply. Read more
Euro's slump on weak euro zone indicators lifts dollar. File Photo
Gold prices edge up
Spot gold rose 0.1 per cent to $1,315.24 per ounce at 0051 GMT. US gold futures for June delivery were up 0.1 per cent at $1,315.80 per ounce. Read more
10.45 am
Domestic indices continued their uptrend for the second straight day due to unabated buying by DIIs amid firm global cues.
The 30-share BSE index Sensex was trading higher by 94.6 points or 0.27 per cent at 35,302.74 and the 50-share NSE index Nifty up 17.35 points or 0.25 per cent at 10,741.80.
Among BSE sectoral indices, bank, realty, oil & gas and healthcare found investors' support, while capital goods, auto, consumer durables and TECk succumbed to selling pressure.
Top five Sensex gainers were ICICI Bank, Axis Bank, TCS, ITC, and Coal India, while the major losers were IndusInd Bank, Infosys, M&M, L&T and Tata Motors.
According to provisional data, domestic institutional investors had bought shares worth Rs 1,037.23 crore, while foreign portfolio investors sold shares worth Rs 635.24 crore yesterday.
PNB Housing Finance Ltd shares fell nearly 7 per cent to Rs 1,280, its biggest daily percentage loss in over 2 months as Carlyle unit is selling stake at a discount. Read more
Crude oil retreates from 3-1/2 year high
Oil prices retreated from 3-1/2 year highs on Tuesday as investors waited on an announcement by President Donald Trump on whether the United States will reimpose sanctions on Iran. Click here to read more
US crude falls below $70 per barrel at one point. File Photo
Rupee hits fresh 15-month low
The rupee weakened by 7 paise to trade at a fresh 15-month low of 67.20 against the US dollar in early trade due to strengthening of the American currency overseas amid sustained foreign capital outflows. Read more
Tech, bank stocks push Nikkei up
The Nikkei gained 0.4 per cent to 22,551.35 points by mid-morning. Takeda Pharmaceutical gained 2 per cent and was the third most traded stock in turnover after trading in negative territory. Read more
The Nikkei shed 0.2 percent to 23,239.73. File Photo
Commodity derivatives trading
BSE will launch trading in the commodity derivatives segment from October 1, and to start with, it will focus on non-agri products. Read more
Asian markets
Asian shares firmed slightly in early trade with technology stocks resilient after generally upbeat earnings despite weakness in the global smartphone market and concerns about more regulation. Read more
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 per cent. File Photo
US stocks end higher
Wall Street climbed on Monday, boosted by Apple's sixth straight day of gains and by a surge in oil prices to their highest since 2014. 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:
₹1979 • HDFC Bank
₹1183 • Infosys
Click here to view the full guide
Today's stock pick
Welspun Enterprises (₹153): Buy
Investors with a short-term view can buy the stock of Welspun Enterprises at current levels. On Monday, the stock surged 7.5 per cent with an above average volume. Read more
Opening bell
The BSE index was up 93.58 points or 0.27 per cent at 35,301.72 and the NSE index up 31.15 points or 0.29 per cent at 10,746.65.
9.05 am
Pre-open trade
The Sensex was up 141.71 points or 0.4 per cent at 35,349.85 and the Nifty up 42.4 points or 0.4 per cent at 10,757.90.
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