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Nifty slips below 10,900 mark; Sun Pharma stock declines 10%

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The stock market pared gains post opening due to losses in pharma, media, banking, IT, and FMCG stocks.
Equity benchmark indices opened in positive territory on Friday, tracking positive global cues. However, the market pared gains post opening due to losses in pharma, media, banking, IT, and FMCG stocks.

Reliance Industries stock gained 1% on both the indices after the company posted Q3FY19 numbers and beat the consensus estimates on all fronts. Its revenue grew 55.9% yoy to Rs1,71,336cr against Rs1,09,905cr in Q3FY18.

The Sensex slipped 44 points at 36,330, while the Nifty dropped 24 points at 10,881 levels. The market breadth was negative with 511 shares advancing, 962 shares declining, and 563 remaining unchanged.

ONGCPower Grid, Infratel, NTPC, and Reliance Industries were the top gainers on the Nifty50, while Sun PharmaUltraTechYes Bank, GAIL, Airtel were trading in the red.

Volatility index India VIX rose 2% to 16.58.

The most active stocks were Sun Pharma, Reliance Industries,…

Nifty above 10,900 mark; HDFC, Reliance Industries gain

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On the sectoral front, except the FMCG index, all other indices were trading higher. Pharma, Realty, and Auto indices gained.
Equity benchmark indices opened higher on Thursday’s session, with the Sensex gaining 88 points at 36,409. The Nifty rose 24 points to 10,914 led by HDFC, Reliance Industries, TCS, and M&M.

On the sectoral front, except the FMCG index, all other indices were trading higher. Pharma, Realty, and Auto indices gained.

The market breadth was positive with 906 shares advancing, 546 shares declining, and 585 remaining unchanged.

Indiabulls HF, JSW Steel, Infratel, Grasim, and HDFC were the top gainers on the Nifty50, while Bajaj Auto, UPL, Infosys, Hindalco, and HCL Tech were trading in the red.

Volatility index India VIX is up 0.87% to 16.21.

The most active stocks were Yes Bank, Jet AirwaysReliance IndustriesIndiabulls HF, Infosys, and RCOM.

The Indian rupee strengthened after depreciating in the last four trading sessions. It opened higher at 71.15/$ vs. the previ…

SGX Nifty indicates subdued start for markets

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For today, we expect consolidation in large caps, while the broader market outperforms with mid-caps seeing strong buying.
SGX Nifty is at 10923,  down 20 points. For today, we expect consolidation in large caps, while the broader market outperforms with mid-caps seeing strong buying.

Nifty saw a quiet start turn into the big rally ending up 150 points as heavyweight stocks led the rally. Reliance, Infosys, and HDFC twins saw a huge buying from foreign investors, which saw the sentiment improve dramatically and even the mid-caps joined the party.

Global Markets: Asian indices opened mixed with the Japanese Nikkei trading in the red as profit booking was noticed in early trade after yesterday's superb rally. The Chinese and Hong Kong markets look set to start the New Year with relative outperform after being the huge laggard in 2018. Expect equity to be favored asset class in early 2019 with Asia ex-Japan being the chosen destination.  

US Markets: US indices see another higher day as …

SGX Nifty indicates a positive opening for the Indian markets

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For today, expect pull back in most Asian indices as investors buy equities with valuations cheapest in last 3 years.

SGX Nifty opens at 10,813, up 44 points. For today, expect pull back in most Asian indices as investors buy equities with valuations cheapest in last 3 years.
Nifty saw a weak start & kept getting weaker as the day progressed with Nifty breaking 10700 on the downside. However, local buying & short covering saw the index gain in the last hour to close down 55 points at 10738. Pharma, select private banks & financial services stocks saw value buying, while metals were again the biggest losers.

Global Markets: Asian indices opened in the green led marginally by the Japanese Niikei, which resumed trading after a holiday on Monday and was up 100 points. The trade data from China saw the weakness of trade war spill over as numbers were the weakest in last 5 years. For today, expect pull back in most Asian indices as investors buy equities with valuations cheapest in…

Nifty opens below 10,800 mark; Infosys gains 2.5%

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The market breadth was negative with 991 shares advancing, 519 shares declining, and 542 remaining unchanged.
Equity benchmark indices opened lower for the third consecutive session. Heavy selling pressure was witnessed in HDFCReliance IndustriesITC, and ICICI Bank.

The Sensex was down 167 points at 35,842, while the Nifty down 57 points at 10,738. The market breadth was negative with 991 shares advancing, 519 shares declining, and 542 remaining unchanged.

The Indian rupee opened marginally lower at 70.50/$ against the greenback.

Shares of Infosys gained over 2.5% after the IT company on Friday reported a PAT decline of 12.2% qoq to Rs3,610cr against the median consensus estimate of Rs4,149cr. It approved a Rs8,260cr share buyback, which is the second buyback in less than 13 months' time.

Shares of Avenue Supermarts fell on the back of weak results for the December quarter. The company’s adjusted net profit stood at Rs257cr, up 2.1% yoy and 13.9% qoq.

Infosys, HPCL, IOC, BPCL, and E…