MARKETS LIVE: Indices turn negative after fresh high; Nifty below 10,500

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SI Reporter  |  New Delhi 

MARKETS LIVE: Sensex, Nifty, Asian markets, Global markets, F&O expiry

The benchmark indices turned flat after opening at record highs, with the Nifty50 hovering around its crucial 10,500, following global cues in a holiday-truncated week. 

Asian markets were mixed in the Tuesday session. Japan's benchmark Nikkei 225 index was trading marginally lower after closing at a 26-year high in the last session. 

Back home, foreign investors have pulled out Rs 7,300 crore from the country’s stock markets this month so far, according to reports, primarily due to rising crude prices and widening fiscal deficit. However, they invested Rs 1,356 crore in the debt markets during the period under review.

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10:51 AM

The devils that angels fear
 
Angel investors are the earliest-stage investors in a business and often take the highest risk. They play a key role in the start-up ecosystem by being the first port of call to validate business ideas.
 
Their investments often go into getting the business up and running, rather than focus on growth or making profits. In developed markets such as the US, angel investing is a full-time occupation for many. But, in India a large number of these investors are people have their own businesses or high-pressure jobs and double up as investors. READ MORE

10:31 AM

10 companies launch issues in December
 
There is a rush to tap funds from qualified institutional placement (QIP) route with 10 companies, including banks, have launched QIP issues in December thus far, the highest in past seven years in terms of number of issues.
 
Total eight companies that include Punjab National Bank (PNB), Mahindra & Mahindra (M&M) Financial Services, Natco Pharma and Union Bank of India have already raised Rs 11,037 crore via QIPs in the current month. READ FULL REPORT

10:17 AM

Buzzing stock
 
Welspun Corp rallied over 4% to Rs 142 on the BSE after the company announced that it has received orders for supply of at 124 K MTs pipes. Welspun Corp said that with the addition of these orders, the company has current order book of 1198 K MTs valued at Rs 7400 crore.

wel

10:01 AM

Markets check
 
At 10:00 am, the S&P BSE Sensex was trading at 33,963, up 23 points, while the broader Nifty50 was ruling at 10,498, up 5 points.

Index Current Pt. Change % Change
 
S&P BSE SENSEX 33,964.96 +24.66 +0.07
 
S&P BSE SENSEX 50 10,955.01 +14.25 +0.13
 
S&P BSE SENSEX Next 50 36,747.37 +170.98 +0.47
 
S&P BSE 100 11,003.97 +20.45 +0.19
 
S&P BSE Bharat 22 Index 3,817.69 +12.34 +0.32

Source: BSE

9:50 AM

Kirloskar Oil Engines hits 52-week high
 
Kirloskar Oil Engines soared 18% to Rs 450, also its 52-week high on the BSE in early morning trade, on reports that the Cummins Group is eying controlling stakes in auto parts & equipment Company.
 
The Cummins Group, one of the world’s largest manufacturers of engines and power generation products, is in talks to acquire a controlling stake in Kirloskar Oil Engines in a deal valued at over $500 million through one of its Indian subsidiaries, Livemint reported quoting two people aware of talks between the companies. READ MORE

9:31 AM Sectoral trend 

sectors
Source: NSE
First Published: Tue, December 26 2017. 10:54 IST

MARKETS LIVE: Indices turn negative after fresh high; Nifty below 10,500

Catch all the market action here

Catch all the market action here
The benchmark indices turned flat after opening at record highs, with the Nifty50 hovering around its crucial 10,500, following global cues in a holiday-truncated week. 

Asian markets were mixed in the Tuesday session. Japan's benchmark Nikkei 225 index was trading marginally lower after closing at a 26-year high in the last session. 

Back home, foreign investors have pulled out Rs 7,300 crore from the country’s stock markets this month so far, according to reports, primarily due to rising crude prices and widening fiscal deficit. However, they invested Rs 1,356 crore in the debt markets during the period under review.

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