MARKETS LIVE: Sensex reverses losses, Nifty regains 10K; Tata Steel up 2%
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SI Reporter |
New Delhi
Last Updated at October 9, 2017 10:00 IST
10:00 AM Nifty outlook by Angel Broking
If the Nifty50 manages to continue the positive momentum, then the index could extend the gains upto its resistances of 10,050-10,140. On the flipside, 9,880 is now a crucial support for this week, which if breached, could lead the index to resume the corrective trend to test the recent low.
9:56 AM Top five gainers as Nifty50 reclaims 10,000
Source: NSE
9:37 AM
Buzzing stock
Tata Teleservices tanked 15% following news reports that the Tata Teleservices is likely to wind down operations in phases, and has had discussions with the government.
9:28 AM Sectoral trend
Source: NSE
9:25 AM Sensex heatmap at open
Source: BSE
9:22 AM
Broader markets
The BSE Midcap and the BSE Smallcap indices outperformed slightly to gain 2% each.
9:21 AM Markets at open
At 9:20 am, the S&P BSE Sensex was trading at 31,807, down 6.38 points, while the broader Nifty50 was ruling at 9,969, down 10 points.
9:08 AM
Q2 earnings preview
India’s top 50 listed firms, which comprise the benchmark NSE Nifty50 index, are expected to report a mild recovery in earnings during the July-September 2017 quarter, driven by a relatively good show by banks and commodity producers.
However, domestic manufacturers and information technology (IT) exporters are likely to continue in the slow lane due to a combination of the disruption due to the goods and services tax (GST), poor demand, and rise in input costs.
READ MORE DETAILS9:02 AM
Nifty outlook by Prabhudas Lilladher
Nifty is now very likely to re-test the previous high as technically we see signs of improvement as RSI has bounced back from oversold and getting into a trend. The support for the week is seen at 9,820 while resistance is seen at 10,130.
9:01 AM
Technical calls
DABUR – BUY
CLOSE – Rs 316
TARGET – Rs 325-330
9:00 AM
Nifty outlook by Devang Shah
Short-term outlook for the market remains negative till Nifty trades below 10,095 levels and expecting target of 9,640-9,480 levels in short term. Medium term outlook for the market remains positive till Nifty trades above 8,968 levels and is expecting targets in the range of 12,000-12,200 levels in medium term.
READ MORE8:58 AM
Commodity picks
Mustard seed prices at the Jaipur markets were trading at Rs 3,900 a quintal. In the week ahead, prices are expected to head towards Rs 3,940 a quintal.
CLICK HERE FOR MORE
8:56 AM
Wall Street update
The S&P 500 eased on Friday, ending a six-day run of record highs as the first monthly decline in US nonfarm jobs in seven years dampened sentiment and pharmacy shares fell on Amazon competition fears. The Nasdaq ended up for a ninth straight day, however, and set its sixth straight record high close, its longest such streak since seven records in February.
The Dow Jones Industrial Average fell 1.72 points, or 0.01% to end at 22,773.67, the S&P 500 lost 2.74 points, or 0.11% to 2,549.33 and the Nasdaq Composite added 4.82 points, or 0.07% to 6,590.18.
8:51 AM Asian markets
Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country’s service sector did little to dent optimism on global growth.
Liquidity was lacking with Japan and South Korea on holiday and a partial holiday in the United States where stocks will be open but bonds will be closed. The Chinese blue-chip CSI300 index rose 1.9% to heights not seen since late 2015, partly in a delayed reaction to a targeted easing by the country’s central bank announced a week ago.
Australian stocks still managed to put on 0.7%, while Nikkei futures added 0.1% even though the cash market was shut. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1%, having rebounded by 1.7% last week.
8:49 AM
Singapore Nifty
At 8:45 am, SGX Nifty was trading at 9,984, down 35 points or 0.36%.
8:49 AM Good Morning!
Welcome to Business Standard's market liveblog.
First Published: Mon, October 09 2017. 09:55 IST
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