- The market has opened lower as counting continues for Assembly elections in five states.
- The Sensex is down 42.46 points or 0.2 percent at 25662.15, and the Nifty down 18.45 points or 0.2 points at 7851.70. About 311 shares have advanced, 169 shares declined, and 38 shares are unchanged.
- Lupin, Tata Motors, Dr Reddy's, NTPC and Sun Pharma are top gainers while ONGC, Asian Paints, Maruti, HDFC and SBI are losers in the Sensex.
- First Trade: Nifty Bank 16699.90 -0.17%: BSE Bank Index 19019.92 -0.20%
- First Trade: Nifty Midcap 100 13210.30 +0.09%: BSE Small Cap 11178.95 +0.09%
- First Trade: Nifty 7854.70 -0.20%: Sensex 25711.76 +0.03%
- Rupee At Over 2-mth Low: Dollar-Rupee 67.1900 +0.2200
- Election results from the five states that have begun counting today won't greatly impact the big picture policy, says Gautam Chhaochharia of UBS.
19 May 2016
Sensex, Nifty open flat as assembly elections counting underway
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17 May 2016
The market has opened strong with the Nifty hitting 7900 cheering results of the exit polls. The 50-share index is up 46.05 points or 0.6 percent at 7906.80. The Sensex is up 147.05 points or 0.6 percent at 25800.28. About 550 shares have advanced, 166 shares declined, and 27 shares are unchanged. For More information visit www.capitalheight.com/about.php
ONGC, Axis Bank, ICICI Bank, HDFC and Bharti Airtel are top gainers while Tata Motors, Bajaj Auto and Asian Paints are losers in the Sensex.
The Indian rupee opened marginally higher by 6 paise at 66.74 per dollar against previous close of 66.80.
Asian markets advanced as energy plays rallied after rising oil prices spurred a banner session on Wall Street. Japan's benchmark Nikkei 225 index tacked on 0.70 percent, likely boosted in part by a slightly weaker yen. The US dollar was fetching 109.03 yen at 8:06 a.m. SIN/HK time, up from levels as low as around 108.50 yen in the previous session.The Dow Jones industrial average rose 175.39 points, or 1 percent, to 17,710.71, the S&P 500 gained 20.05 points, or 0.98 percent, to 2,066.66 and the Nasdaq Composite added 57.78 points, or 1.22 percent, to 4,775.46.
Modi magic! Sensex, Nifty jump 6-9% in 2 yrs but midcaps up 44%
In the one year-period, from May 16 2014 the Sensex gained 15 percent while the Nifty climbed 16 percent. However, the indices fell off the cliff soon as Modi's magic began to dwindle in the year BJP formed government with Narendra Modi as the Prime Minister.
Overall, if the exit polls are accurate, then the state election results could marginally improve the BJP’s seat tally in the Upper House, but the government will need to continue to build a consensus to push through legislative reforms in the Upper House, says Nomura
13 May 2016
The market has opened lower Friday. The Sensex is down 59.70 points or 0.2 percent at 25730.52, and the Nifty is down 35.30 points or 0.4 percent at 7865.10. About 247 shares have advanced, 292 shares declined, and 46 shares are unchanged. For More Information Visit
Tata Motors, Wipro, Bajaj Auto, Asian Paints and HUL are top gainers while Dr Reddy's Labs, Tata Steel, BHEL, NTPC and L&T are losers in the Sensex.
The Indian rupee slipped in the early trade. It has opened lower by 16 paise at 66.78 per dollar against previous close of 66.62.
Ashutosh Raina of HDFC Bank said, "The global risk-off coupled with weak IIP and CPI numbers are expected to weigh on Indian markets." The dollar gained against the yen after Japan's Central Bank governor said there was more room to ease monetary policy if needed. Yen fell to a two week low pressured by speculation that the Bank Of Japan could expand its monetary stimulus as soon as next month.