Nifty pares gains to end flat, but settles July expiry above 10,000

All that happened in Thursday's trade

3:57 PM

Vinod Nair, Head of Research, Geojit Financial Services

Optimism on earnings growth and dovish tone by US Fed after keeping the key rates on hold energized the market. But volatility emerged towards close on account of expiry and concerns over valuation which influenced investors to book profit. On the other hand, better than expected results from blue-chips will attract investors to large caps as compared to small and mid caps.

3:57 PM

Nifty Bank settles at 24,922 after crossing 25,000-mark for the first time ever.

Source: NSE

3:46 PM

The breadth, indicating the overall health of the market, remained negative. On the BSE, 1,844 shares declined and 880 shares rose. A total of 152 shares were unchanged.

3:45 PM

Top Sensex gainers and losers (Source: BSE)

3:40 PM

Broader markets underperformed. The BSE Midcap and the BSE Smallcap indices slipped 0.5% each. 

3:38 PM

Markets at close

The Sensex ended at its record high of 32,383, up 1 point, while  the Nifty50 closed at 10,020, down 0.1 point. 

3:29 PM

Tata Elxsi hit a 52-week high of Rs 1,767, up 5% on BSE in intra-day trade, after the company’s board recommended 1:1 bonus share. CLICK HERE FOR FULL REPORT

3:24 PM

Dr Reddy's extends losses to slip 3% to Rs 2,620 after 53% fall in Q1 net profit.

3:06 PM

Market check

 

At 3:00 am, the Sensex was trading at 32,406, up 24 points, while the broader Nifty50 was ruling at 10,031, up 11 points.

3:03 PM

Volatility index India VIX down 0.6% to 11

2:28 PM

Earnings impact

Dr Reddy's fell over 1% to Rs 2,648 after the drug major reported 53.2% fall in its consolidated net profit at Rs 59.1 crore for the June quarter versus 126.3 crore reported in the same quarter of the previous fiscal year. The company's consolidated sales rose 2.5% to Rs 3,315 crore against Rs 3,234 crore reported in Q1FY17.

2:03 PM

Earnings impact

HDFC extended gains in the noon deals by rising nearly 6% to Rs 1,726 after the country’s largest mortgage player on Wednesday posted a net profit of Rs 1,556 crore in the June quarter, compared to one of Rs 1,871 crore in April-June 2016. 

1:48 PM

European markets oepned higher after US Fed kept the interest rates unchanged in its policy meeting. Euro Stoxx 50 was up 0.3%, while CAC 40 added 0.4%. FTSE 100 was trading flat with positive bias. 

1:38 PM

Q1 earnings

Maruti Suzuki, country's largest carmaker, reported 4.4% rise in net profit to Rs 1,556 crore for the first quarter ended June 30, 2017. The stock was trading flat at Rs 7,606.

1:30 PM

Indiabulls Real Estate pared gains after climbing over 9% to Rs 244, its highest since October 9, 2009. The gains came after CLSA initiated coverage on the stock with a 'buy' rating, pegging a price target of Rs 282, citing multiple key positives for the company going ahead, reported Reuters. 

1:07 PM

Markets pare some gains

At 1:07 pm, the S&P BSE Sensex was trading at 32,530, up 148 points while the broader Nifty50 index 10,066 up 46 points.

 

Broader markets slip in red ith BSE Midcap and BSE Smallcap indices falling 0.2% and 0.5% respectively.

12:32 PM

Housing Development Finance Corporation (HDFC), YES Bank, HDFC Bank, IndusInd Bank, Maruti Suzuki India and Eicher Motors from the Nifty 50 index hit their respective new highs on the National Stock Exchange (NSE) on Thursday. Click here for detailed report

12:09 PM

YES Bank surged 5% to Rs 1,797, extending its Wednesday’s 6% rally on NSE, after the bank’s gross non-performing assets (GNPAs) has come down by Rs 654 crore in absolute terms and 55 bps QoQ to 0.97% during April-June (Q1FY18) quarter.

11:43 AM

Nifty Bank hits record high

Nifty Bank gains over 300 points to hit record high of 25,011 led by gains in YES Bank, Indusind Bank, HDFC Bank and IDFC Bank

11:28 AM

Maruti Suzuki gains over 1% ahead of June quarter results

10:58 AM

Emkay Global on HCL Tech results

 

We maintain our positive view on HCL Technologies and believe it would continue to deliver sector-leading growth over FY17-20E. We currently have an Accumulate rating on the stock and may review our estimates post the earnings call today

10:50 AM

Nifty hits 10,100 on back of strong earnings optimism, Fed's dovish stance and hope of interest rate cut in the coming RBI policy meet

10:41 AM

Shares of Indiabulls Real Estate rose nearly 9% intraday post its removal from the F&O ban

10:18 AM

At 10:15, the S&P BSE Sensex was trading at 32,586, up 204 points while the broader Nifty50 index 10,091 up 70 points.

 

In broader markets, BSE Midcap and BSE Smallcap indices gained 0.5% and 0.2% respectively.

10:05 AM

HDFC gained 3% on 18% growth in the overall loan book on an Assets Under Management (AUM) basis in Q1.

9:45 AM

All sectoral indices except Nifty Pharma trade in green. Nifty Realty gains the most, up 1.5%, followed by Nifty IT (up 0.9%), Nifty Financial Services (up 0.8%) and Nifty Bank (up 0.8%)

9:27 AM

HCL Tech up 3.7% as company maintains FY18 guidance, reports earnings in line with estimates

9:22 AM

Top gainers and losers on BSE Sensex

Source: BSE

9:18 AM

At 9:17 am the S&P BSE Sensex was trading at 32,512, up 130 points while the broader Nifty50 index 10,068 up 47 points.

In broader markets, BSE Midcap and BSE Smallcap indices were in line with the frontline indices, up 0.5% each.

9:16 AM

Benchmark indices continued the bull run, opening higher on Thursday with Nifty crosiing 10,050-mark and Sensex up over 100 points as US Fed kept the rates steady, softening its stance on inflation that promised to keep US interest rates low for longer.

 

Back home, optimism on corporate earnings also kept the sentiment going ahead of the July F&O Expiry.