Market Update:Kotak Mahindra Bank falls 4% : Nifty below 10,800 , Bharat Electronics gains 2%

Kotak Mahindra Bank Falls 5% -  After Block Deals Shares of Kotak Mahindra Bank fell nearly 5 per cent intraday Rs 1,225. About 5.87 crore shares or 3 per cent equity of the Mumbai-based lender changed hands in a block deal, according to Bloomberg data. While the buyers and sellers were not immediately known, quoting two bankers in the know, that ING Group is looking to sell its stake in the private lender. Trading volume was 200 times its 20-day average. The stock advanced 22 per cent in the past 12 months compared to a 6.1 per cent advance in the Sensex. 


Market Opens: Benchmark indices opened flat with a negative bias on Friday with Nifty holding above 10,750 level.
At 09:17 hrs IST, the Sensex is down 36.45 points at 35861.90, while Nifty was down 15.10 points at 10774.80. About 400 shares have advanced, 347 shares declined, and 38 shares are unchanged. 
Bajaj Auto, Maruti Suzuki, ICICI Bank, HUL, BPCL, HPCL, IOC, HDFC Bank are the top gainers in the morning, while losers are Kotak Mahindra Bank.

Rupee Update- The rupee skidded by 11 paise to close at 71.24 against the US dollar Thursday as rising oil prices and a strengthening greenback weighed on the market sentiment.

Oil Update - Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets.
 
Bharat Electronics gains 2%: - Shares rose as much as 2 per cent in early trade after signing an MoU with Nagpur-based JSR Dynamics. "The MoU aims at leveraging the individual design and manufacturing capabilities of BEL and JSR to develop weapons and lightweight cruise missiles," BEL said in a statement.


Share Market | Sensex | Today's Pick | Kotak Mahindra | Rupee | Oil prices | Bharat Electronics

Stocks to buy- Vedanta gains 2%,Sensex, Nifty Open Higher, Infosys Top Gainers

Shares of Vedanta were trading nearly 2 percent higher in the early deals.


Sensex Nifty open Higher -  It is a strong start for the indices on Wednesday with Nifty trading above 10,650 level. At 09:17 hrs IST, the Sensex is up 196.95 points at 35549.56, while Nifty is up 63.50 points at 10,667.90. About 595 shares have advanced, 249 shares declined, and 49 shares are unchanged. All the sectoral indices are trading in green led by realty, energy, metal, infra, pharma, and FMCG.

Top Stocks - Shriram Trasport, ITI, Yes Bank, Indiabulls Housing, Vedanta, Power Grid, Dr. Reddy's Lab, Grasim, Bajaj Finserv, are among major gainers, while losers include Zee Entertainment, Reliance Capital.

Rupee Opens: The Indian rupee opened marginally higher at 71.29 per dollar versus Monday's close 71.34.

OIL PRICES - Oil prices slipped from 2019 highs on Wednesday as rising US supply eroded OPEC cuts. US West Texas Intermediate (WTI) crude oil futures were at $55.84 per barrel at 6:56 am, down 25 cents, or 0.5 percent, from their last settlement.

YES Bank: The private sector lender on Tuesday denied any wrongdoing stating that the ‘zero divergence’ disclosure was done to comply with the listing regulations and to ensure information symmetry.

Kaveri Seed Falls For Fifth Day-  Shares of Kaveri Seed fell for the fifth consecutive trading session. The stock declined as much as 12.3 percent in today’s trade to Rs 368.80. Trading volume was almost 90 times its 20-day average, Bloomberg data showed. The scrip fell 25 percent in the past five days and declined 31 percent in the past 30 days.

Sensex | Bank Nifty | Vedanta Shares | Tops Stocks | Rupee Opens | Yes Bank Shares 

Stocks to Buy :ICICI Bank,Yes Bank, L&T Top Gainers;Sensex, Nifty Trade Higher

Yes Bank shares gained by more than 2% to Rs 218.10, while ICICI Bank shares are up 342.15, to emerge among the top Sensex gainers.



Sensex, Nifty Trade higher: Sensex, Nifty Swing In Open Indian equity benchmarks traded higher after fluctuating between gains and losses in the open. The S&P BSE Sensex Index traded 0.2 per cent higher at 35,570 as of 9:17 a.m. and the NSE Nifty 50 Index traded at 10,658.40, up 0.19 per cent. The market breadth was tilted in favour of buyers. About 755 stocks advanced and 604 shares declined on National Stock 

Gainers include Jet Airways, Ambuja Cements, Dr Reddy's Lab, Sun Pharma, Grasim, JSW Steel, Hindalco, Emami, while losers are Indiabulls Housing, Wipro, HDFC, Adani Port and IDFC.

Market at pre-open: Benchmark indices are mixed in in the pre-opening trading with Nifty holding above 10,600. At 09:02 hrs IST, the Sensex is up 96.03 points or 0.27% at 35594.47, and the Nifty down 13.70 points or 0.13% at 10627.30. Emami, Tata Motors, Yes Bank are trading with marginal gains in the pre-opening session.

Rupee Update: The rupee weakened by 11 paise to end 71.34 against the US dollar on Monday amid firming crude oil prices and persistent foreign fund outflows.

Crude update: Brent crude oil prices eased away from 2019 highs on Tuesday on caution that economic growth may dent fuel demand this year, although supply cuts led by producer cartel OPEC still meant markets were relatively tight.

Shares of Emami were trading around 3 per cent higher in the early trade as the Agarwal and Goenka families - promoters in Emami Ltd - have sold 10 per cent of their stakes for Rs 1,600 crore to pare the debts of other Group companies like Emami Cement, Emami Power and others.


Share Market | Sensex | Nifty Update | Gainers | Yes Bank Shares | Rupee Update | Crude

Market Update:Yes Bank falls 5%:Sensex,Nifty Swing In Open;L&T Extends Gain

Yes Bank shares down 5%- It was the biggest loser among the Sensex stocks. Ashok Chawla, Yes Bank’s non-executive chairman, has stepped down with immediate effect, following his name appearing in Aircel-Maxis controversy. Independent Director Vasant Gujarathi has also quit, citing personal commitments. The bank's board has appointed Uttam Prakash Agarwal as additional director (Independent) for five years, subject to shareholder’s approval.


Rupee weakens against US dollar- The rupee was trading at 71.35 a dollar, down 0.18% from its previous close of 71.23. The currency opened at 71.30 a dollar, touching a high 71.30 and a low 71.40.

Market Opens: It is a flat start for the benchmark indices on Monday with Nifty holding above 10,700 marks. The Sensex is up 38.58 points at 35847.53, while Nifty is up 6.60 points at 10731. About 460 shares have advanced, 395 shares declined, and 52 shares are unchanged. 

Stock To Watch - L&T, Rel Infra, Reliance Capital, Biocon, Tata Steel, Infosys, Vedanta, Dr Reddy's Lab, Tech Mahindra, Wipro, ONGC, are among major gainers, while losers are Yes Bank, Tata Motors, HUL, M&M, UPL and Grasim.

L&T Extends Gain - Shares of the construction company extended gains for the third day and rose as much as 1.3 per cent to Rs 1,259.55. The company’s unit—L&T Construction bagged order for design and construction of a major airport, according to its statement on the exchanges. The order is valued at over Rs 7,000 crore, according to the company’s deal classification.

Oil hits 3-month high: Oil prices rose to their highest levels since November last year on Monday, lifted by OPEC-led supply cuts and US sanctions on Iran and Venezuela.


Share Market | Bank Nifty | Yes Bank Shares | Rupee Update | Oil Prices 


Market News - Sensex, Nifty Open Lower,ONGC jumps 6%

Market Opens: Benchmark indices started on a flat note on Friday with Nifty trading below 10,750 marks. The Sensex is down 32.22 points at 35844.00, while Nifty is down 18.30 points at 10727.70. About 332 shares have advanced, 515 shares declined, and 41 shares are unchanged. 

Shares of  DHFL (Dewan Housing Finance Corporation Limited) slipped 4 per cent in the early trade amid resignation of its CEO Harshil Mehta. In the broader market, S&P BSE MidCap index was trading 74 points, or 0.52 per cent lower at 14,033, while S&P BSE SmallCap index was ruling at 13,334, down 29 points, or 0.22 per cent.
Shares of ONGC jumped as much as 5.5 per cent in early trade after the company reported strong results for the quarter ended December 31, 2018. Shares of the oil and gas explorer rose nearly 6 per cent intraday, the most in over four months, to Rs 140. The stock had declined for five consecutive trading sessions. The scrip was the best performer on Sensex and Nifty. The state-owned company’s operating margin expanded to 59.84 per cent in the three months ended December, compared to 56.41 per cent clocked in the year-ago period.

Stocks in the News- Power Grid, BPCL, L&T, IOC, Axis Bank, ONGC, are among major gainers, while losers are Eveready, JK Tyre, Yes Bank, Nestle, Jet Airways, JSW Steel, UltraTech Cement, Hero Moto, Sun Pharma, HDFC and Vedanta.

Rupee Opens: The Indian rupee opened marginally lower at 71.23 per dollar on Friday versus Thursday's close 71.16.

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Share Market | Bank Nifty | ONGC Shares | Rupee Update