MARKETS LIVE: Sensex, Nifty turns flat in choppy trade; Nifty IT up 2.5%

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SI Reporter  |  New Delhi 

MARKETS LIVE: Nifty, Sensex, trade deficit, petrol prices, diesel prices

Benchmark indices trade marginally higher with Sensex reclaiming 34,900 and Nifty 10,750 as IT sector stocks like Wipro, TCS and Infosys lead the gains.

Globally, Asian shares that slumped on Tuesday, as miners were pressured by weaker Chinese iron ore prices, while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.

Back home, India's December trade deficit widened to its highest in more than three years as higher import bills for gold and crude oil weighed on rising exports, government data showed on Monday.

The trade deficit widened to $14.88 billion last month from $13.83 billion in November, data from the Ministry of Commerce and Industry showed.

Meanwhile, Diesel prices have touched a record high of Rs 61.74 per litre and petrol prices have crossed Rs 71 as international oil rates continue to rally. Petrol price rose to Rs 71.18 per litre in Delhi on Monday, the highest since August 2014.

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10:29 AM

HUL m-cap crosses Rs 3 trillion; hits new high ahead of Q3 results
 
Hindustan Unilever (HUL) hit a new high of Rs 1,388, up 1.6% on BSE in early morning trade, ahead of third quarter results of the current financial year (Q3FY18) on Wednesday, January 17, 2018.
 
The market capitalization (m-cap) of the fast moving consumer goods company touched first time Rs 3 trillion in intra-day trade.
 
Analysts expect a volume growth of in the range of 6% to 11% and EBITDA (earnings before interest, tax, depreciation and amortization) expansion of between 125bps and 320bps for Q3FY18. READ MORE

10:13 AM

30-100% returns in 1 yr: Hotel stocks are soaring & there's more steam left
 
Led by Indian Hotels and EIH, hotel stocks have been hitting their 52-week highs on expectations of strong December quarter results as well as a favourable demand-supply situation. Stocks in the sector, which have been laggards in recent years, generated returns between 30 and 100 per cent over the past one year.
 
The immediate trigger would be the December quarter results. Foreign tourist arrivals have grown 14.5 per cent in the December quarter after five consecutive quarters of single-digit growth. READ MORE

10:00 AM

Record Indian stock rally must price risk from robots, says UBS Group
 
Robots will eat into any economic boost India receives from its young population and markets aren’t pricing in these risks, says UBS Group AG. Stocks have been hitting fresh highs and while UBS predicts growth and jobs will increase over the next five years, it cautions that immediate risks are to the downside. A global shift toward automation could be a significant negative, leaving many underemployed or without a job. Read more
 

9:45 AM

These five shocks could thwart two-year emerging-market rally
 
Plenty of things could upend the two-year rally in emerging-market equities. Yet no one seems to agree on just what they are.
 
Of course, the bulls abound. Fiera Capital Corp., the Montreal money manager that oversees $123 billion, expects attractive returns for several more years. Research Affiliates, a sub-adviser to such firms as Pacific Investment Management Co., calls emerging markets the "trade of a decade." Read more
 

9:35 AM Nifty IT up over 1.5%

9:24 AM Sectoral Trends
First Published: Tue, January 16 2018. 10:38 IST

MARKETS LIVE: Sensex, Nifty turns flat in choppy trade; Nifty IT up 2.5%

Catch all live market action here

Catch all live market action here
Benchmark indices trade marginally higher with Sensex reclaiming 34,900 and Nifty 10,750 as IT sector stocks like Wipro, TCS and Infosys lead the gains.

Globally, Asian shares that slumped on Tuesday, as miners were pressured by weaker Chinese iron ore prices, while the euro stood near a 3-year peak on rising expectations that the European Central Bank could pare its monetary stimulus.

Back home, India's December trade deficit widened to its highest in more than three years as higher import bills for gold and crude oil weighed on rising exports, government data showed on Monday.

The trade deficit widened to $14.88 billion last month from $13.83 billion in November, data from the Ministry of Commerce and Industry showed.

Meanwhile, Diesel prices have touched a record high of Rs 61.74 per litre and petrol prices have crossed Rs 71 as international oil rates continue to rally. Petrol price rose to Rs 71.18 per litre in Delhi on Monday, the highest since August 2014.
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