Friday, July 3, 2015

Sensex Ends Nearly 150 Points Higher on Buying in Banking Stocks

Sharemasterindia.com 3:30 p.m.: The Sensex advanced 145 points to provisionally close at 28,091 and Nifty rose 41 points to settle at 8,486.

3:10 p.m.: The Indian markets continued to trade on a firm note in the late trades. The Sensex was up 121 points at 28,066 and the Nifty jumped 34 points to 8,478 on the back of buying financial stocks.

Bluechip stocks such as HDFC, IndusInd Bank, HDFC Bank, ICICI Bank, State Bank of India and Bank of Baroda were among the top gainers on the Nifty which were supporting the benchmark index.

3:02 p.m.: Morgan Stanley adds Jubilant Foodworks, Havells India, UltraTech Cement and Power Grid to its focus list of stocks. Focus list indicates that these stocks are on Morgan Stanley's buy list.

2:50 p.m.: Jal Irani, oil and gas analyst at Edelweiss Financial Services told NDTV that marketing margins of HPCL and BPCL have improved from Rs 0.71/litre in November 2014 to Rs 1.2/litre now. Further he expects the margins to improve to Rs 1.60/litre in near future. 2:45 p.m.: The European markets were trading with a negative bias. Germany's DAX was down 0.25 per cent, Britain's FTSE100 fell 0.4 per cent and French CAC40 index slipped 0.5 per cent.

2:39 p.m.: Sensex has come off the intraday high levels in late trades, it was up 87 points at 28,033 and the Nifty was at 8,477, 21 points.

2:25 p.m.: BSE metal index fell 1.5 per cent; JSPL, SAIL, JSW Steel, Hindustan Zinc, Vedanta, Tata Steel and Hindalco were among the top losers.

2:19 p.m.: Nifty 8,600 call option was the most active options contract on the National Stock Exchange. The premium on the contract jumped 24 per cent to Rs 75.20. 1.95 lakh shares were added to the open interest of 2.9 million shares.

2:09 p.m.: Bank Nifty was 0.46 per cent; HDFC Bank, Bank of India, IndusInd Bank, Federal Bank, Punjab National Bank and Bank of Baroda were among the top gainers, up 0.2-1.3 per cent each.

1:43 p.m.: Markets analyst Ambareesh Baliga told NDTV that IT stocks will remain under pressure for next two quarters as the IT companies have issued earning warnings. Cross currency headwinds due to turmoil in eurozone will add to worries for these companies, he adds.

Read More: Indian Stock Tips

No comments:

Ace Investment Advisory - Latest News

Subscribe Now: Feed Icon

Share Tips,Nifty Future Tips,BSE,NSE Indian Stock Headline Animator