10:35 AM
Pharma shares extend gain
Shares of pharmaceutical companies were trading higher for the third straight session with Sun Pharmaceutical Company and Divi’s Laboratories gaining more than 10% each.
In the past three trading sessions, the Nifty Pharma index surged 6%, while the S&P BSE Healthcare gained 5% against 1% rise in the benchmark indices.
READ FULL REPORT HERE
Source: NSE
10:23 AM
'Time-bound listing' plan for PSUs fails to take off
The 'time-bound listing' for public sector undertakings (PSUs), announced in this year's Union Budget, isn't being met. A state-owned unit was to list within 165 days after its Initial Public Offer of equity (IPO) got approval by its parent ministry or department and by the department of investment and public asset management (Dipam).
The idea was to help the Centre with its ambitious disinvestment target of over Rs 70,000 crore for the current financial year. However, PSUs have repeatedly missed the schedule set under the guidelines.
READ MORE
10:09 AM
Interglobe Aviation approves price band for QIP at Rs 1,125-1,175 per share
India's InterGlobe Aviation Ltd, which runs the country's top airline IndiGo, will conduct a share sale to institutional investors on Friday that will raise for the company and its founders as much as Rs 3,945 crore ($616 million).
The company set a price range on Wednesday of Rs 1,125 to Rs 1,175 a share for the sale of up to 33.6 million shares, comprising of 22.4 million new shares and 11.2 million existing shares.
The share sale is aimed at helping the company meet minimum public holding rules.
READ MORE
IndiGo
9:56 AM
SIP inflows touch Rs 5,206-cr milestone in August
Mutual fund (MF) investments through the systematic investment plan (SIP) route touched a new high of Rs 5,206 crore in August. A record 700,000 new SIP accounts were also opened during the month, taking the total tally of such accounts to around 16 million.
According to industry experts, the impressive figure indicates that flows into MFs would sustain at record levels.
Nearly half of the new accounts prefer the SIP mode over the traditional lump-sum or one-time investment option. During the start of FY18, the number of SIP accounts stood at 13.5 million.
READ MORE9:42 AM Sectoral trend
Source: NSE
9:32 AM Sun Pharma extends gains
Shares of Sun Pharmaceutical Industries extended yesterday's gains, advanced over 3%, becoming the top gainer on frontline indices. The pharma company rallied on Wednesday after global financial services firm Credit Suisse upgraded the pharma major stock to ‘Outperform’ from ‘Neutral’.
9:27 AM OMCs gain
Oil & Gas index was the top sectoral gainer, up over 1.5% as OMCs recovered from Tuesday's losses after the Oil Minister ruled out government intervention and said the govt would not ask state-run companies to absorb the price rise in petrol and diesel and would stay to market-driven pricing. IOC, BPCL and HPCL gained between 2.5-3.5%.
Source: BSE
9:22 AM Top Sensex gainers and losers on BSE Sensex
Source: BSE
9:20 AM Broader Markets
Broader markets were outperforming the frontline indices with BSE Midcap and BSE Smallcap indices up 0.7% each.
9:19 AM Markets open
Benchmark indices open marginally higher with Nifty reclaiming 10,100 levels on Thursday following Asian peers after focus returned this week to fundamentals from geopolitical risks and natural disasters.
The S&P BSE Sensex was trading at 32,259, up 73 points, while the Nifty50 was ruling at 10,100, up 21 points
9:11 AM
Nifty view from Prabhudas Lilladher
Nifty for now is showing resistance at 10130 levels; however RSI on daily chart shows no sign of fatigue. A decisive move past 10,150 gives us further upside target of 10,250-10,300 levels. The support for the day is seen at 10,030 while resistance is seen at 10,130.
9:07 AM Trading ideas from Prabhudas Lilladher
BUY AUROBINDO PHARMA
CMP: Rs 760
TARGET: Rs 825
STOP LOSS: Rs 735
The stock after a short phase of consolidation has indicated a positive move with a bullish candle pattern in the daily chart and we anticipate further more upward movement in the coming days. The RSI has also indicated a trend reversal recently signaling a buy and maintaining the positive bias. With decent volume participation witnessed, we recommend a buy in this stock for an upside target of Rs 825 keeping a stop loss of Rs 735.
Click for more calls9:04 AM
Technical calls by MOSL
ASHOK LEYLAND - BUY
Last Close: Rs 117
Stop Loss: Rs 112
Target: Rs 126
AXIS BANK - BUY
Last Close: Rs 1,823
Stop Loss: Rs 1,770
Target: Rs 1,920
9:03 AM
Stock recos for today's trade from Tradebulls
BUY: TATA POWER
CMP: Rs 84.80
Stop Loss: Rs 80.30
Target: Rs 98
BUY: DR REDDY'S (DRL)
CMP: Rs 2217
Stop Loss: Rs 2135
9:02 AM
Nifty Outlook by Sacchitanand Uttekar of Tradebulls
Nifty has commenced the week on a strong footing as it opened above the apex (9,950) of the contracting range in which it had oscillated during its past 3 weeks. The broad based participation compliments the setup & the ongoing momentum could see the index scale above its current life high placed around 10,138. The momentum could only be distorted in case 10,030 is breached from hereon on a closing basis and hence serves as a trail stop for trading longs. We expect the index to register fresh life highs near 10,260-10,350 zone soon.
9:01 AM
Oil holds gains, buoyed by hopes for robust demand
Oil prices on Thursday held most of their gains of around 2% from the previous session, buoyed after the International Energy Agency raised its forecast for growth in global oil demand.
London Brent crude for November delivery was down 11 cents at $55.05 a barrel, after settling Wednesday up 89 cents, or 1.6%
8:56 AM
Capacit'e Infra IPO fully subscribed on first day of sale
Indian construction company Capacit'e Infra Projects Ltd's initial public offering, to raise up to Rs 400 crore ($63 million), was fully subscribed on the first day of the sale, stock exchange data showed.
Capacit'e, which builds residential and commercial buildings, is selling new shares in a price range of Rs 245 to Rs 250 apiece in the sale which closes on Friday.
8:55 AM
Matrimony.com IPO oversubscribed 441% on last day
Matrimony.com, the first pure-play Indian matchmaking website to launch a stock market listing, drew heavy demand for its offering, benefiting from the country's booming IPO market.
Matrimony.com's initial public offering of up to Rs 5 billion ($78 million) was subscribed 4.4 times or 441% over as of 7.45 pm (IST) on Wednesday, the last day of sale, with applications for over 12.5 million shares received, against the 2.8 million shares on offer, according to data from the National Stock Exchange.
READ MORE8:53 AM
Sebi asks exchanges to frame new outsourcing policy
The Securities and Exchange Board of India (Sebi) has asked stock exchanges and clearing corporations to prepare a framework for appointing of third-party vendors. The market regulator has directed the so-called market infrastructure institutions to not outsource core and critical operations such as trading information, infrastructure and surveillance.
Industry players say the move will help in better risk management and safeguard the markets and investors from unforeseen risks.
READ FULL REPORT HERE
8:52 AM
Oil Minister rules out intervention on daily fuel price revision
Oil minister Dharmendra Pradhan said the government would not ask state-run companies to absorb the price rise in petrol and diesel and would stay to market-driven pricing.
He ruled out government intervention to disrupt the daily revision in petrol and diesel prices despite Rs 7.3 per litre spike in rates since July, saying the reform will continue.
He added that a shift to the goods and services tax (GST) regime was the only way to have a transparent tax structure on fuel items.
"The government has no business to interfere in the day-to-day affairs of companies. We have linked product prices to the market and will stick to that," said Pradhan.
READ MORE
8:48 AM
SGX Nifty
The Nifty50 futures on the Singapore Stock Exchange were trading 11 points lower at 10090 indicating a flat opening for the domestic market.
8:47 AM Asian Markets
Asian stocks edged down on Thursday, consolidating after touching their highest in a decade, while the dollar held steady before the US inflation report for August is published.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1% after rising to its highest since 2007 the day before.
Japan's Nikkei was effectively flat following its climb to a one-month high on Wednesday.
8:46 AM
Wall Street hits record high
Wall Street edged up to a record high on Wednesday with gains in consumer discretionary and energy stocks helping offset losses in technology heavyweight Apple Inc.
The Dow Jones Industrial Average rose rose 39.32 points, or 0.18%, to 22,158.18 The S&P 500 edged up and gained 1.89 points, or 0.08%, to 2,498.37, and the Nasdaq Composite added 5.91 points, or 0.09%, to 6,460.19.
8:44 AM Good Morning and welcome to market's live blog. Catch all the live market action here
First Published: Thu, September 14 2017. 09:39 IST
AUTO REFRESH ON 
