GIVE MISS CALL ON :- +91 99774 99927

Sensex rebounds 150 pts, Nifty opens above 9600; Tata Steel up 2%;

hqdefault (1)

Sensex rebounds 150 pts, Nifty opens above 9600; Tata Steel up 2%;

Indian Indices:

Equity benchmarks started off the week on a positive note after seeing consolidation in previous two weeks, backed by positive Asian cues. The market breadth was strong as about three shares advanced for every share falling on the BSE. The BSE Sensex opened at 31,168 up by 112 points, while the Nifty50 opened up by 38 points at 9,626 mark. Nifty50 index has immediate support placed around the level of 9,550 and if it holds below this level, further corrections up to the level of 9,520 is likely. On the upside, Nifty50 may face resistance around the levels of 9,640-9,650 and if it holds above 9,640-9,650, it may extend its upmove up to the level of 9,700.

Jayant Agro, Indian Hotels, Hume Pipe, Ujjivan Financial and Cadila Healthcare gained 2-4 percent while Amtek Auto, Videocon Industries and Lanco Infratech fell 4-6 percent. Dredging Corporation surged 4 percent on stake sale buzz while Hathway Cable gained 7 percent ahead of its subsidiary IPO launch. Bajaj Auto is the top Nifty gainer and Infosys is the top Nifty loser in the morning hours. Bajaj Auto is trading at Rs 2862.15 per share up by 1.86% whereas Infosys is trading at Rs 934.30 per share, down by 0.63%.

The 30-share BSE Sensex was up 126.50 points at 31,182.90 and the 50-share NSE Nifty rose 33.70 points to 9,621.75 while the broader markets gained half a percent. There are 973 advances, 392 declines and 446 unchanged stocks on NSE reflecting some positive bias floating in the market.

Global Market:

Asian markets mixed: Stock markets in the rest of Asia traded mixed this morning, as investors geared up for the Brexit negotiations between the UK and the European Union, and reports of fresh terror attacks in London and Mali.

The US stocks closed mixed on Friday. The Dow closed at record levels while the Nasdaq closed lower. The Dow Jones Industrial Average finished up 24 points at a record 21,384. The Nasdaq Composite Index closed down 14 points at 6,152. The S&P 500 index finished at 2,433.

Major Headlines of the day:

  • Dr Reddy’s Labs’ Form 483 issued with one observation by US FDA at Srikakulam plant (SEZ) unit I
  • Asian Paints-Enters share purchase agreement with Ansa Coatings International, Agreement to divest entire stake in Lewis Berger (overseas holdings)
  • Bharat Financial assigns pool of receivables of an aggregate value of Rs 539.67 crore to one of the largest public sector banks on a direct assignment basis

Trend in FII flows: The FIIs were net buyers of Rs -764.48 the cash segment on Friday while the DIIs were net sellers of Rs 890.91 as per the provisional figures.

Securities in Ban For Trade Date 19-JUN-2017:











Commodity Market TipsMCX Copper TipsMCX TipsCrude oil tipsNifty Options Tips,Stock Market LiveFinancial Advisory Company in IndoreStock Advisory Company in Indore

CapitalStars Provides 2 Days Free Trial To Our Client…

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

Leave a Reply

Your email address will not be published. Required fields are marked *


Ouch! There was a server error.
Retry »

Sending message...


CapitalStars FORUM