Stock Cash Live Market News

The Sensex touched 27000 for first time after October last year.The Sensex is up 141.64 points or 0.5 percent at 26984.78, and the Nifty is up 36.20 points or 0.4 percent at 8255.15. About 1096 shares have advanced, 452 shares declined, and 58 shares are unchanged. For more trading tips visit www.marketmagnify.com/stock-cash-tips.php and give a missed call on @ 7879-88-11-22

       The market extended uptrend in early trade Friday, tracking positive global cues. The Nifty reclaimed 8250 level for the first time since October 26, 2015, aided by banking & financials, auto and select technology stocks.
       The 30-share BSE Sensex rose 134.09 points to 26977.23 and the 50-share NSE Nifty climbed 35.15 points to 8254.10.
The Indian rupee opened higher by 6 paise at 67.23 per dollar today against previous close of 67.29.
            Oil prices rose despite world's top oil producers failing to set a cap on production in the OPEC meet yesterday, Brent crude prices were up 22 cents at USD 49.94 per barrel.

      Indian drug industry will see moderation in growth due to slowing of business in the US market with reduction in the number of large size drugs going off patent, increased competition and generic adoption reaching saturation levels, ICRA said. The Indian drug firms have registered strong growth over last decade driven mainly by the US market.

          After the recent rally, the Indian market is now trading at roughly 16.5 times one-year forward earning, which is slightly higher than the 10-year mean, says Surendra Goyal, Head of Research at Citi in a note to clients. The brokerage has raised its Sensex target to 28,800 from 27000 earlier. The revised target implies 16 times estimated earnings for 2017-18.

Live Share Market News

The market bounced back with moderate gains amid mixed global cues on Wednesday. The Sensex rose 53.49 points to 26721.45 and the Nifty advanced 20.70 points to 8180.80. For more information visit www.marketmagnify.com/stock-cash-tips.php

         Benchmarks also reacted positively to better-than-expected GDP data at 7.9 percent for the fourth quarter FY16 and five-year high of 7.6 percent for full year.
       Axis Bank, ITC, M&M, BPCL and Tata Power were early gainers while Tata Motors, ICICI Bank, NTPC and SBI declined.
         Asian markets were mixed with Hang Seng higher by 0.06 percent, the Nikkei 225 down 0.69 percent and the Shanghai Composite trading flat.
          Microsoft sells 1500 patents to Xiaomi to start partnership

The deal, announced on Wednesday, also includes a patent cross-licensing arrangement and a commitment by Xiaomi to install copies of Microsoft software, including Office and Skype, on its phones and tablets.
          ICICI, L&T, BPCL, HUL, Tata Motors to outperform: Credit Suisse

Outperforms include ICICI Bank, L&T, BPCL, HUL, Tata Motors, Shriram Transport and underperforms include SBI, Bharti Airtel & BHEL," Neelkanth Mishra of Credit Suisse says .

Closing News: Stock Market Slips

3:30 pm Market shutting: The Sensex finished down 127.97 points at 25101.73, and the Nifty slipped 40.45 points at 7706.55. Around 785 shares have progressed, 1777 stocks declined, and 119 stocks are unaltered. 

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List of top gainers: HDFC twins, NTPC,  Sun Pharma and Infosys  while Tata Motors, Adani Ports, Tata Steel, Hindalco and BHEL were Losers in the Sensex.

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Nifty ends at 7510 | Stock Cash Market Closing Updates

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After heavy selling, the market ended lower the Sensex was down 143.01 points or 0.6 percent at 24682.03, and the Nifty slippped 53.55 points or 0.7 percent at 7510.30. About 938 shares have advanced, 1850 shares declined, and 160 shares were unchanged.  

 

Hindalco, Axis Bank, TCS, Tata Steel and SBI were top losers and gainers were NTPC, M&M, Wipro, Adani Ports and HUL.