Equity, bond, currency markets close today on account of Muharram

On Wednesday, Sensex, Nifty ended down with heavy selling pressure witnessed across sectors.
Equity, currency and bond markets remained closed on Thursday n account of Muharram holiday. Trading will resume on Friday.

On Wednesday, Sensex, Nifty ended down with heavy selling pressure witnessed across sectors. Nifty ended the day 44 points lower at 11,234 levels with broad-based selling pressure witnessed across all sectoral                                                                             indices.
Stocks from the Anil Dhirubhai Ambani Group (ADAG), such as Reliance Infra, Reliance Capital, and Reliance Communications, added heavy open interest, which consisted mainly of short positions. The HDFC twins contributed to ~50% of the fall in Nifty, with both stocks adding fresh short positions. The market breadth ended in favor of the declines with the advance/decline ratio ending at 2/5x.

Meanwhile, Indian rupee closed the yesterday’s session at all time low of 72.98/$, 47 paise down …

Nifty media, FMGC, realty drop the most in Wednesday’s session

Nifty media ended ~2% in the red on Wednesday on a sharp selloff in Den Networks, Zee Entertainment, and Sun TV.
Nifty media ended ~2% in the red on Wednesday on a sharp selloff in Den Networks, Zee Entertainment, and Sun TV. Nifty realty and FMCG indices too ended down over 1%.

Den Networks led the decline in the media index after falling ~4%, followed by Zee Entertainment (down 3%). Sun TV and DB Corp also contributed to the fall by slipping ~2% each.

Meanwhile, Nifty FMCG also witnessed a 1% fall in Wednesday's session. This was led by declines in the shares of Godrej Consumer Products and Jubilant FoodWorks, which dropped ~4% each. Emami and Dabur also kept the index down by declining ~2% each.

Nifty realty, meanwhile, closed 1% down on the back of a 4% drop in Godrej Properties. HDIL also dragged the index in the red by slumping 3%, while shares of Oberoi Realty and Indiabulls Real Estate declined ~2% each.

The major selloff in these three indices led Nifty to close below its key …

Top stocks in focus today: Tata Motors, Bank of Baroda, Mcleod Russel

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Tata Motors-owned Jaguar Land Rover confirmed a cut in its output schedule at the Castle Bromwich plant in the West Midlands region of England.

Government proposed merger of Bank of BarodaDena Bank and Vijaya Bank subject to an approval from the boards of the individual banks.

RBI rejected Bank of Maharashtra’s plea to set-off accumulated losses worth Rs2,543.7cr from its share premium account.

Mcleod Russel will dispose its Assam’s Bargang tea estate to Amgoorie India for Rs59.65cr and Harchurah estate to Goodricke group for Rs31.64cr.

Aurionpro Solutions to provide its cash management platform to Sudan based Bank of Khartoum’s UAE and Bahrain’s branches.

Sterlite Technologies aims 10% global fibre market share by June 2020.

Infosys doubles investment in US-based TidalScale to $3mn.

Avenue Supermarts has issued commercial paper worth Rs70cr.

Capitalstars update : Equity market wrap up 17 Sep 2018

Closing Bell: Monday blues on D-Street! Sensex tanks 500 pts, Nifty ends below 11,400; banks, pharma fall.
Selloff in Asian markets, a weaker rupee, a possible dissatisfaction of investors to rupee’s measures by the government pulled the indices lower. Trade war concerns based on reports that China may face import tariffs on USD 200 billion worth of goods dented sentiment on the D-Street. There was all-round selling among all sectors, with maximum pain visible among pharmaceuticals, banks, automobile and metal names. IT stocks were the biggest gainers as investors cashed in on depreciating rupee.  At the close of market hours, the Sensex was down 505.13 points or 1.33% at 37585.51, while the Nifty was lower by 137.40 points or 1.19% at 11377.80. The market breadth is negative as 1,272 shares advanced, against a decline of 1,448 shares, while 178 shares were unchanged. TCS, Adani Ports, BPCL and HPCL were the top gainers, while Sun Pharma, Tata Motors, and Bajaj Finance have lost the mos…

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Closing Bell: Sensex ends over 370 points higher, Nifty ends above 11,500; midcaps outperform.
There was buying visible across all the sectors, with maximum gains visible among banks, automobiles, metals, and pharmaceuticals as well. Huge gains in the midcaps segment also boosted market sentiment. The Nifty Midcap ended with gains of 2 percent.  At the close of market hours, the Sensex ended up 372.68 points or 0.99% at 38090.64, while the Nifty closed higher by 145.30 points or 1.28% at 11515.20. The market breadth is positive as 1,797 shares advanced, against a decline of 834 shares, while 183 shares were unchanged. Vedanta, Bharti Airtel, Indiabulls Housing and BPCL have gained the most, while Coal India, Infosys and HCL Tech have lost the most. HEADLINES OF THE DAY Bajaj Finserv Ltd spurts 1.78%, rises for third straight session. IL&FS Transportation Networks Ltd leads losers in A group. Nifty FMCG Index rises 2.53%.
The crucial resistance for Nifty spot is now seen at 11550 and above…

Rupee’s sharp recovery helps Sensex end 300 pts higher, Nifty ends at 11,370.

A dramatic recovery in the rupee has helped benchmarks surge to the high points. The Indian currency surpassed the level of 72 per US dollar-mark, leading to a massive buying among investors. The Sensex managed to end over 300 points higher, while the Nifty rose above 11,350-mark. Sharp buying among major sector such as banks, FMCG, infrastructure, metals, and pharmaceuticals led to the upmove on Sensex and the Nifty. The Nifty Midcap index rose over one-third of a percent. The likes of HDFC Bank, Reliance and ITC, among others, rallied and helped the indices have a strong close.  At the close of market hours, the Sensex ended higher by 304.83 points or 0.81% at 37717.96, while the Nifty soared 83.40 points or 0.74% at 11370.90. The market breadth is negative as 1,123 shares advanced, against a decline of 1,503 shares, while 200 shares were unchanged. Power Grid, Adani Ports and ITC were the top gainers, while Axis Bank and Tata Motors lost the most. HEADLINES OF THE DAY Rupee to be in 7…