The benchmark indices were trading higher on Friday tracking positive trade in Asian markets, which regained some poise after a tough week in which the gathering risk of a US rate rise dented sentiment.
Back home, the government on Wednesday nudged state-owned companies to spend an additional Rs 25,000 crore as capital expenditure this fiscal year, above the budgeted combined capital spending target of Rs 3.85 lakh crore for the Centre and public sector undertakings (PSUs).
Meanwhile, foreign investors on Thursday offloaded shares worth Rs 5,328 crore, the largest in a single session, while net buying by domestic institutional investors (DIIs) showed a sharp spurt of Rs 5,196 crore, provisional data available with BSE showed.
9:57 AM
Nifty rejig
NSE adds Bajaj Finance, HPCL, UPL in Nifty 50 index from today
9:48 AM
Buzzing stock
Lovable Lingerie surged 14% to Rs 256 on BSE in the early morning trade after the company said its board will meet on Friday, October 6, 2017 to consider the proposal for buyback of equity shares.
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9:40 AM
Markets see largest one-day FII pull-out
Foreign investors on Thursday offloaded shares worth Rs 5,328 crore — the largest in a single session — but the markets managed to end with gains, thanks to support from domestic institutions.
Provisional data from stock exchanges showed foreign institutional investors (FIIs) extended their selling streak for a ninth straight day. Foreign funds pulled out Rs 9,900 crore during the period.
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9:35 AM Nifty Realty leading sectoral gainer
Source: NSE
9:28 AM Sensex heatmap at open
Source: BSE
9:23 AM
Broader markets outperform
The BSE Midcap and the BSE Smallcap indices outperformed to gain 0.7% each.
9:21 AM Markets at open
At 9:20 am, S&P BSE Sensex was trading at 31,377, up 94 points, while the broader Nifty50 was ruling at 9,806, up 37 points.
9:15 AM
Derivative Strategy
Buy South Indian Bank October 27.5 call
CMP: Rs 1.70
Stop loss: Rs 1.
Target: Rs 3.50
Lot size: 33141
9:13 AM
Stocks in news:
NTPC, Sun Pharma, SBI, Bank of Baroda, Reliance Industries, GAIL, DLF, Idea Cellular
9:06 AM
Nifty above 9,800 at pre-open
At 9:05 am, the S&P BSE Sensex was trading at 31,351, up 69 points, while the broader Nifty50 was ruling at 9,822, up 53 points.
9:02 AM
Nifty Outlook by Motilal Oswal Securities
Nifty index managed to hold near its previous swing low support of 9,685 and rebounded towards 9,789 mark. It formed a Hammer candle on the daily chart and closed positive after the seventh consecutive negative sessions. Now if it manages to hold above 9,750-9,777 zones then short term reversal could be seen for an up move towards 9,880 and 9,928 zones while below 9685 fresh weakness could intensify for the further declines.
9:00 AM
Technical calls by Chandan Taparia
COAL INDIA
Reco: BUY
Last Close: Rs 267
Stop Loss: Rs 259
Target: Rs 285
8:58 AM
Nifty outlook by Prabhudas Lilladher
Market has been corrective from 10,178 levels which is around 5% , we may see some bounce from here, but checking the daily charts the ADX is likely to rise with MDI crossover PDI indicating a break of 9,700 would accelerate the fall to lower levels. To think otherwise, we will have to wait for indicators to show signs of reversal. The support for the day is seen at 9,720 while resistance for the day is seen at 9,810.
8:57 AM
Technical calls
FIRSTSOURCE SOLUTIONS: BUY
CMP: Rs 41.75
TARGET: Rs 46
STOP LOSS: Rs 39.50
8:54 AM
Wall Street on Thursday
US stocks rose on Wednesday as gains in financial shares were powered by growing expectations for a December interest rate hike and on hopes President Donald Trump’s administration may be making progress on a tax plan.
The Dow Jones Industrial Average rose 56.39 points, or 0.25% to 22,340.71, the S&P 500 gained 10.2 points, or 0.41% to 2,507.04 and the Nasdaq Composite added 73.10 points, or 1.15% to 6,453.26.
8:52 AM Asian markets
Asian shares tried to regain some poise on Friday after a tough week in which the gathering risk of a US rate rise lifted Treasury yields towards nine-year highs and boosted borrowing costs across the region.
Activity seemed mainly confined to book-squaring for the end of the month and quarter, and moves in markets were modest at best.
MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1%, but was still down a sizable 2.1% for the week so far. Japan's Nikkei was off 0.1% though South Korea managed to recoup 0.4% of gains.
8:50 AM Singapore Nifty
At 9:45 am, SGX Nifty was trading at 9,809, up 14 points or 0.15%.
8:50 AM Good Morning!
Welcome to Business Standard's market liveblog.
First Published: Fri, September 29 2017. 09:29 IST