Sensex rallies for 3rd day, gains 145 pts; Nifty ends at 16,563; RIL up 1%

The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.

3:51 PM

TECH VIEW :: Rohit Singre, senior technical analyst at LKP Securities

Nifty started a week on a positive note and closed a day at 16,563 with minimal gains forming a small bullish candle on the daily chart. Traders can use the dip to make fresh longs near good support zone. The index has a good support near 16500-16440 levels, but faces resistance near 16600-1650 levels, charts show

3:48 PM

MARKET COMMENT :: Vinod Nair, head of research, Geojit Financial

The domestic market failed to maintain its momentum and traded on a flat note throughout the day as selling was witnessed in the key sectors amidst weakness in global markets. India’s WPI inflation eased for the second consecutive month to 11.16% in July against 12.07% in June as food and crude prices softened. Metals outshined other indices backed by better quarterly earnings. Due to weaker-than-expected Chinese economic data and surge in virus outbreaks, global indices traded under pressure

3:45 PM

Sensex up 145 points

3:44 PM

Nifty ends 34 points higher

3:43 PM

Nifty snapshot

3:42 PM

Sensex heat map

Bajaj Finance, RIL, Tata Steel save the day for markets

3:18 PM

Tata Steel soars 5%, hits new record high post June quarter results

Shares of Tata Steel hit a new record high of Rs 1,532 as they rallied 5 per cent on the BSE in intra-day trade on Tuesday after the company reported a consolidated net profit of Rs 8,907 crore in the June quarter (Q1FY22) as against a loss of Rs 4,416 crore in the corresponding period last year on the back of increased revenue and low base on account of Covid-19’s first wave last year. READ MORE

2:47 PM

With 4.3% returns on average, most PMS schemes beat Nifty in July

July was a good month for PMS schemes, with 252 out of 261 schemes under consideration outperforming the Nifty50. The schemes returned 4.5 per cent on average, better than the 0.3 per cent given by the benchmark. Better performing strategies in July included Right Horizon’s Minerva India Under-served (22.9 per cent), Aequitas Investment Consultancy’s India Opportunities Product (14.9 per cent) and Green Lantern Capital’s Growth Fund (14.6 per cent), the data from PMS Bazaar showed. READ MORE

2:18 PM

Commodity watch: Crude oil

Crude oil prices traded lower on weak demand outlook from China and fast spreading virus infections. Crude oil prices fell for the third day after China factory output and retail sales data disappointed market expectations. China's crude oil processing last month also fell to the lowest on a daily basis since May 2020. 

 

Crude oil prices are expected to trade down for the day with resistance at $69 and support at $65 per barrel. MCX Crude oil August has support at Rs. 4910, resistance at Rs.5060

(Source: HDFC Securities)

2:17 PM

FII trends

DATE	BUY VALUE (rs CR)	SALE VALUE (rs CR)	NET VALUE (rs CR)
12-Aug-2021	6768.43	6478.59	289.84
11-Aug-2021	7348.18	7051.06	297.12
10-Aug-2021	6693.77	6773.92	-80.15
09-Aug-2021	6223.03	5778.10	444.93
06-Aug-2021	6676.76	6518.74	158.02

 
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2:15 PM

Most auto stocks trade weak

Company	LATEST(rs)	CHG(%)
Ashok Leyland	128.50	-1.42
M & M	797.85	2.45
Tata Motors	303.95	-1.03
TVS Motor Co.	535.95	-3.16
Escorts	1271.00	-0.14

2:14 PM

Sensex heat map :: RIL, Bajaj Finance among key gainers

2:13 PM

Market check

1:45 PM

RIL gains nearly 3% on reports of Aramco eyeing stake buy in its O2C biz

Shares of Reliance Industries (RIL) were up nearly 3 per cent at Rs 2,202 on the BSE in intra-day trade on Monday on a report that Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in the company’s oil refining and chemicals (O2C) business. The stock of the Mukesh Ambani-led RIL was trading at its highest level since June 24, 2021. It had hit a record high of Rs 2,368.80 on September 19, 2020. READ MORE

 

1:39 PM

Mid-market view | Gaurav Garg, Head of Research at CapitalVia Global Research

Indian benchmark had a cautious start today with slight negativity in the market around the level of 16500 as there is no major changes in the market. Traders and investors remained cautious as according to a private report India is unlikely to become the 5 trillion economy by 2025 due to the slow down caused by the covid 19 pandemic. Sentiments remain intact and poised towards positivity as the government focuses more on the infrastructure in the coming time which will help the economy reach new heights. Our research suggests that 16350 is an important support level in the short term, if the market sustains above this level, we can expect the market to remain positive and gain momentum, leading to an upside projection till 16700-16750 level.

 

1:18 PM

Q&A | Time to cut weight in mid-, small-cap stocks: Samir Arora

The primary and secondary markets in India have been buzzing with activity for the past few months. Samir Arora, founder and fund manager, Helios Capital, tells in an interview that there is no strong reason to believe that the generally strong equity markets will largely disappoint in the coming few years. READ MORE

Samir Arora, founder and fund manager, Helios Capital

12:52 PM

D-Mart surpasses Axis Bank, L&T in market-cap ranking as stock hit new high

Avenue Supermarts, the owner of D-Mart chain of retail stores, surpassed private sector lender Axis Bank and the construction and engineering giant Larsen & Toubro (L&T) in market capitalisation (market-cap) ranking as the stock of the department stores hit a new high on the BSE in intra-day trade on Monday. At 11:41 am, with market-cap of Rs 2.36 trillion, Avenue Supermarts stood at the number 16th position in the overall market-cap ranking, ahead of L&T (Rs 2.332 trillion) and Axis Bank (Rs 2.334 trillion), the BSE data shows. The fast-moving consumer goods (FMCG) and cigarettes company ITC, with Rs 2.61 trillion market-cap stood ahead of Avenue Supermarts, data shows. READ MORE

12:27 PM

CMS Info Systems files draft papers with Sebi to garner Rs 2,000-cr via IPO

Cash management company CMS Info Systems has filed preliminary papers with markets regulator Sebi to mop up Rs 2,000 crore through its initial share sale offering. The company's initial public offer (IPO) is a pure offer for sale by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia, as per the draft red herring prospectus (DRHP). READ MORE

Photo: Shutterstock

12:05 PM

NEWS ALERT

>> July WPI inflation at 11.16% vs 12.07% MoM

12:00 PM

NEWS ALERT :: Aramco said to be in talks for about 20% stake in Reliance oil arm

>> Aramco said to be in advanced talks on up to $25 bn Reliance deal

 

>> Aramco said to be in talks for all-stock deal for Reliance unit stake

11:46 AM

Vehicle scrappage policy, Ola e-scooter: How to trade key auto stocks now?

Maruti Suzuki India (MARUTI) 

Outlook: Mild weakness; Trades near support levels 

 

The shares of Maruti Suzuki India are trading below both the major moving averages i.e 200-days moving average (DMA) and 200-weekly moving average (WMA) placed at Rs 7,215 and Rs 7,293 levels, respectively. This breakdown shows a negative bias that may lead to a bearish sentiment in the days ahead, if crucial support of Rs 6,758 is broken, which is its 100-WMA. READ MORE

11:36 AM

ALERT :: Sensex at record high!

11:35 AM

Exxaro Tiles makes tepid debut; lists at 5% premium over issue price

Exxaro Tiles has made a quiet debut on the bourses with the shares of the company listing at Rs 126, a 5 per cent premium against issue price of Rs 120 per share on the BSE and the National Stock Exchange (NSE). Post listing, the stock of construction materials company moved higher to Rs 132.30, a 10 per cent gain as against issue price on both the exchanges. At 10:56 am; the stock was trading at Rs 128 on the BSE. A combined 3.2 million equity shares changed hands on the counter on the NSE and BSE. READ MORE

10:49 AM

Windlas Biotech off to a weak start, lists at 5% discount to issue price

Shares of Windlas Biotech (WBL) made a disappointing debut on Monday, as the shares of the company listed at Rs 437, 5 per cent below its issue price of Rs 460 on the National Stock Exchange (NSE). The stock of the pharmaceuticals company, meanwhile, opened at Rs 439 on the BSE. At 10:19, WBL was trading at Rs 431, down 6 per cent against the issue price on the NSE. The stock hit a high of Rs 452 and a low of Rs 405 so far in trade. READ MORE

10:44 AM

Devyani Int'l makes strong debut, lists at 57% premium over issue price

Devyani International made a strong market debut on Monday as its shares listed at Rs 141 on the bourses, a 57 per cent per cent premium over the issue price of Rs 90 per share. At 10:01 am, the stock was trading at Rs 133.80, 49 per cent above its issue price after hitting a low of Rs 130.70 in intra-day trade on the BSE. A combined 47.2 million equity shares changed hands on the counter on the NSE and BSE. READ MORE

10:35 AM

Krsnaa Diagnostics lists at 7% premium over issue price on BSE

Krsnaa Diagnostics (KDL) made a decent debut on the bourses with the shares of the company getting listed at Rs 1,025, a 7.4 per cent premium against issue price of Rs 954 per share on the BSE. On the National Stock Exchange (NSE), the stock of healthcare services company opened at Rs 1,006, a 5.5 per cent higher against its issue price. At 10:07 am; the stock was quoting at Rs 1,085.45, up 14 per cent higher against issue price. READ MORE

10:07 AM

LISTING ALERT :: Windlas Biotech lists at over 4% discount to issue price

10:05 AM

LISTING ALERT :: Devyani lists at Rs 141 on BSE; sees profit booking post debut

9:50 AM

Indicative Listing Price :: Windlas up for a negative start, Devyani up 56%

9:50 AM

Apollo Hospitals rallies 5%, hits new record high on strong Q1 revenue

The healthy revenue growth was mainly driven by hospital segment, which grew 26.2 per cent QoQ to Rs 1,941 crore, while revenue from the pharmacy distribution segment grew 35 per cent QoQ to Rs 1,512 crore. READ MORE