Sharemasterindia.com 9:20 a.m.: The Sensex edged higher in the opening deals
on the back of buying interest seen in most of the sectors. The BSE
benchmark jumped 60 points to 28,269 and the Nifty advanced 17 points to
8,539.
Most of the sectors were witnessing buying interest. Banking, metal, consumer durables, auto, FMCG, pharma and capital goods indices were up 0.2-0.7 per cent each.
The broader markets were also witnessing buying interest. The BSE mid-cap and small-cap indices were up 0.6 and 0.7 per cent each respectively.
From the Nifty-50 basket of stocks, 34 stocks were advancing while 16 were declining.
Asian Paints, Bank of Baroda, Tata Steel, Wipro, HDFC, IndusInd Bank, BPCL, Tech Mahindra and Kotak Mahindra Bank were among the gainers on the Nifty.
9:08 a.m.: Sensex jumps 11 points to 28,220 and Nifty gains 3 points to 8,525 in the pre-market session.
9:00 a.m.: Rupee opens higher at 63.30 per dollar against Monday's close of 63.39.
8:55 a.m.: Morgan Stanley has maintained its 'overweight' outlook on Dish TV for target price of Rs 117 per share. Morgan Stanley says that Dish TV forming a joint venture with Siti Cable is positive. Going ahead company's profitability will improve on the back of better average revenues per user and high visibility on content costs
8:40 a.m.: Below are the stock which will be in focus today:
Tata Motors: Tata Motors will be in focus today as Jaguar Land Rover sales jumped 24.5 per cent to 7,244 units in month of June year on year.
SpiceJet: SpiceJet is offering tickets at discounted prices. The company has launched discount scheme 'Red Hot Fares Sale'. Tickets are priced at as low as Rs 1,899 all-inclusive.
L&T Finance Holdings: L&T Finance Holdings will be in focus today as reports suggest that Warburg Pincus is in talks to purchase 25 per cent stake in L&T Finance Holdings. Negotiations are on for the deal price right now. The move seen as Warburg's plan to create a financial services portfolio in India and L&T has offered a price of Rs 83/share.
CMC: CMC will declare its results later in the day. Analysts expect company to post sales of Rs 639 crore and net profit of Rs 72.7 crore.
Power Grid: Power Grid board has approved company's plans to invest Rs 2,247 crore in green energy corridors.
8:25 a.m.: Yesterday Indian markets were among the few markets to end on a positive note. Nifty saw 146 point recovery from the intraday lows and open interest did not see major swings. Meanwhile, Greek PM Tsipras will offer new terms tomorrow and European leaders suggest nothing has changed on their side. Back home, fall in crude oil prices is a big positive for the Indian economy and markets.
8:20 a.m.: The foreign institutional investors (FIIs) purchased Indian shares in cash segment worth Rs 149 crore while the domestic institutional investors (DIIs) sold shares worth Rs 409 crore.
In the derivative segment, the FIIs sold index futures worth Rs 850 crore and also sold stock futures worth Rs 266 crore.
8:10 a.m.: The Indian benchmark indices are likely to witness a flat opening in trades today tracking subdued trading of Nifty and other Asian markets amid ongoing concerns in Greece and highly volatile stock markets in China.
The Nifty which is traded on the Singapore Stock Exchange also known as the SGX Nifty was also indicating a flat start. The SGX Nifty down 0.03 per cent or 2 points at 8,534.
8:05 a.m.: Asian stocks won a reprieve on Tuesday after sharp falls the previous day but investors remained on edge amid uncertainty over Greece's position in the euro and volatility in mainland Chinese equity markets.
Chinese shares dropped almost two percent in early trading, reversing much of gains made on Monday following unprecedented steps to stabilise a plummeting market.
European and U.S. stocks fell on Monday after Greeks voted overwhelmingly to reject more austerity. However, despite the huge uncertainty stemming from the Greek saga, most markets were relatively becalmed following the initial selloffs.
Most of the sectors were witnessing buying interest. Banking, metal, consumer durables, auto, FMCG, pharma and capital goods indices were up 0.2-0.7 per cent each.
The broader markets were also witnessing buying interest. The BSE mid-cap and small-cap indices were up 0.6 and 0.7 per cent each respectively.
From the Nifty-50 basket of stocks, 34 stocks were advancing while 16 were declining.
Asian Paints, Bank of Baroda, Tata Steel, Wipro, HDFC, IndusInd Bank, BPCL, Tech Mahindra and Kotak Mahindra Bank were among the gainers on the Nifty.
9:08 a.m.: Sensex jumps 11 points to 28,220 and Nifty gains 3 points to 8,525 in the pre-market session.
9:00 a.m.: Rupee opens higher at 63.30 per dollar against Monday's close of 63.39.
8:55 a.m.: Morgan Stanley has maintained its 'overweight' outlook on Dish TV for target price of Rs 117 per share. Morgan Stanley says that Dish TV forming a joint venture with Siti Cable is positive. Going ahead company's profitability will improve on the back of better average revenues per user and high visibility on content costs
8:40 a.m.: Below are the stock which will be in focus today:
Tata Motors: Tata Motors will be in focus today as Jaguar Land Rover sales jumped 24.5 per cent to 7,244 units in month of June year on year.
SpiceJet: SpiceJet is offering tickets at discounted prices. The company has launched discount scheme 'Red Hot Fares Sale'. Tickets are priced at as low as Rs 1,899 all-inclusive.
L&T Finance Holdings: L&T Finance Holdings will be in focus today as reports suggest that Warburg Pincus is in talks to purchase 25 per cent stake in L&T Finance Holdings. Negotiations are on for the deal price right now. The move seen as Warburg's plan to create a financial services portfolio in India and L&T has offered a price of Rs 83/share.
CMC: CMC will declare its results later in the day. Analysts expect company to post sales of Rs 639 crore and net profit of Rs 72.7 crore.
Power Grid: Power Grid board has approved company's plans to invest Rs 2,247 crore in green energy corridors.
8:25 a.m.: Yesterday Indian markets were among the few markets to end on a positive note. Nifty saw 146 point recovery from the intraday lows and open interest did not see major swings. Meanwhile, Greek PM Tsipras will offer new terms tomorrow and European leaders suggest nothing has changed on their side. Back home, fall in crude oil prices is a big positive for the Indian economy and markets.
8:20 a.m.: The foreign institutional investors (FIIs) purchased Indian shares in cash segment worth Rs 149 crore while the domestic institutional investors (DIIs) sold shares worth Rs 409 crore.
In the derivative segment, the FIIs sold index futures worth Rs 850 crore and also sold stock futures worth Rs 266 crore.
8:10 a.m.: The Indian benchmark indices are likely to witness a flat opening in trades today tracking subdued trading of Nifty and other Asian markets amid ongoing concerns in Greece and highly volatile stock markets in China.
The Nifty which is traded on the Singapore Stock Exchange also known as the SGX Nifty was also indicating a flat start. The SGX Nifty down 0.03 per cent or 2 points at 8,534.
8:05 a.m.: Asian stocks won a reprieve on Tuesday after sharp falls the previous day but investors remained on edge amid uncertainty over Greece's position in the euro and volatility in mainland Chinese equity markets.
Chinese shares dropped almost two percent in early trading, reversing much of gains made on Monday following unprecedented steps to stabilise a plummeting market.
European and U.S. stocks fell on Monday after Greeks voted overwhelmingly to reject more austerity. However, despite the huge uncertainty stemming from the Greek saga, most markets were relatively becalmed following the initial selloffs.
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