MARKETS LIVE: Sensex up 150 pts, Nifty regains 9800 on positive global cues

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SI Reporter  |  New Delhi 

markets, stocks, sensex, nifty, bse, nse

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
 
CLICK HERE FOR CIRCULAR

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. READ MORE

stock

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. READ MORE

9:35 AM Nifty Realty leading sectoral gainer 

realty
Source: NSE

9:28 AM Sensex heatmap at open 

heatmap
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
 
CLICK HERE FOR DETAILS 

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
 
CLICK HERE FOR MORE

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
 
CLICK HERE FOR MORE

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

MARKETS LIVE: Sensex up 150 pts, Nifty regains 9800 on positive global cues

Catch all live market action here

Catch all live market action here
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. 
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Business Standard
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