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9:38 AM Sectoral trend 

Source: NSE

9:34 AM

Bitcoin climbs as futures debut fails to incite attack by shorts

 

The arrival of a new futures contract that makes it easier to place short bets on bitcoin wasn’t enough to undercut the cryptocurrency’s march toward $20,000.

 

The digital token, up about 20-fold this year, added another 4.8 per cent from its New York close on Friday to $18,379 as of 9.24 local time, according to prices on Bloomberg. READ MORE

9:22 AM Sensex heatmap at open

Source: BSE

9:19 AM

Markets at open

 

At 9:18 am, the S&P BSE Sensex was trading at 33,732, up 130 points, while the broader Nifty50 was ruling at 10,414, up 26 points. 

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	33,722.63	+120.95	+0.36
S&P BSE SENSEX 50	10,879.41	+46.91	+0.43
S&P BSE SENSEX Next 50	36,023.82	+288.54	+0.81
S&P BSE 100	10,904.66	+53.64	+0.49
S&P BSE Bharat 22 Index	3,742.60	+18.78	+0.50

Source: BSE

9:06 AM

All-time high of 10,490 a key level to watch out for

 

A highly volatile session on Monday saw the Nifty swing through 350-points before it settled strongly up as the Gujarat election verdict came through. The Nifty hit a low of 10,074 points in the morning before it tested 10,443 on the upside, before finally settling just below 10,400. The most likely pattern now is range trading again between 10,100 and 10,450.

 

There are signs that the intermediate downtrend marked through the past few weeks is over. There is also a relatively small chance that we’ll see a new all-time high soon. READ MORE

9:03 AM

Nifty outlook by Prabhudas Lilladher

 

The day began with a negative sense with Nifty making a low of 10,075 and immediately bounced back to confirm a double bottom formation at 10,080 levels and bounced back to 10,400 levels. The support for the day is seen at 10,330 while resistance is seen at 10,430. READ MORE

9:02 AM

Technical calls

 

BUY TCS 

 

CMP: Rs 2580.50               

STOPLOSS: Rs 2400                 

TARGET: Rs 2800

 

CLICK HERE FOR MORE

9:00 AM

Today's picks

 

Devangshu Datta on Nifty, Bank Nifty, Coal India, Mahindra & Mahindra, Hindalco

 

CLICK HERE FOR MORE DETAILS

8:58 AM Wall Street on Monday

Wall Street hit record closing highs on Monday as optimism increased about the likelihood of lower corporate tax rates as the Republican tax bill moved closer to passage. The Nasdaq surpassed the 7,000-point mark during the session but closed below that level.

 

The Dow Jones Industrial Average rose 140.46 points, or 0.57% to 24,792.2, the S&P 500 gained 14.36 points, or 0.54% to 2,690.17 and the Nasdaq Composite added 58.18 points, or 0.84% to 6,994.76.

8:53 AM Asian markets

Asian stocks advanced on Tuesday. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2%.

 

Australian shares added 0.4%, South Korea’s KOSPI climbed 0.6% and Japan’s Nikkei gained 0.2%.

8:52 AM

Singapore Nifty

 

At 9:50 am, the SGX Nifty was trading at 10,427, up 26 points or 0.25%, indicating positive opening for the markets.

8:51 AM Good Morning!

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