Share Market Live: Sensex up 212 points\, Nifty above 11\,286; Tata Steel\, SpiceJet top performer

Share Market Live: Sensex up 212 points, Nifty above 11,286; Tata Steel, SpiceJet top performer

Indian benchmark indices continue to trade on a positive note since yesterday, pressured by gains in IT, Metal and Auto stocks. The NSE Nifty index is trading 64 points up at 11,286 while the BSE Sensex was up 212 points at 38,531, at 10:30 am.

Market Live: The NSE Nifty index is trading 64 points up at 11,286 while the BSE Sensex was up 212 points at 38,531, at 10:30 am.

Share Market Updates: Indian benchmark indices continue to trade on a positive note Wednesday, pressured by gains in IT, Metal and Auto stocks, amid tracking cues from global markets after US President Donald Trump hinted at the possibility of a trade deal with China in the future. The NSE Nifty index is trading 64 points up at 11,286 while the BSE Sensex was up 212 points at 38,531, at 10:30 am.

Of 30 stock on BSE Sensex, 20 are trading in the green and another 20 out of 50 stocks on NSE Nifty are advancing.

On the sectoral front, IT is leading by 0.72 per cent gain, followed by Pharma, gaining at 0.60 per cent. Metal, Auto and Finance Services indices are also trading up, each by 0.50 per cent. Except Media and PSU bank, all the other Nifty indices are trading in the green.

According to experts, investors are not very aggressive in the market as every rally will be used as an opportunity to book profit. Market is watchful of quarter earnings and election verdict too.

Future and Options statistics from NSE

11 : 00 am

On NSE Future and Options, total number of contracts traded in index futures was 351523 with a total turnover of Rs. 25363.70 cr. Along with this total number of contracts traded in stock futures were 921322 with a total turnover of Rs. 51205.60 cr. Total numbers of contracts for index options were 14194855 with a total turnover of Rs. 958245.08 cr and total numbers of contracts for stock options were 569378 with a total turnover of Rs. 33623.77 cr.

Market Breadth

10 : 50 am

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2275, shares advanced were 1212 while 885 shares declined and 178 were unchanged.

Volume and Turnover

10 : 45 am

On BSE, total number of shares traded was 56.79 Crore and total turnover stood at Rs. 7117.01 Crore.

On NSE, total number of shares traded was 177.28 Crore and total turnover stood at Rs. 34977.19 Crore.

Global Update:

10 : 30 am

According to traders, investors took cues for other Asian bourses which were trading higher after US President Trump hinted at the possibility of a trade deal with China, in a series of tweets.

"When the time is right we will make a deal with China... Respect and friendship with President Xi is unlimited," he wrote.

"We can make a deal with China tomorrow, before their companies start leaving so as not to lose USA business" he added.

Brent Crude

10 : 15 am

Brent crude futures, the global oil benchmark, were trading 0.31 per cent lower at USD 71.02 per barrel.

FII and DII on Tuesday

10 : 00 am

Foreign institutional investors (FIIs) sold equity worth Rs 2,011.85 crore on Tuesday, while domestic institutional investors (DIIs) purchased shares to the tune of Rs 2,242.91 crore, provisional data available with stock exchanges showed.

Gainers and Losers

9 : 45 am

Top losers in the Sensex pack include Yes Bank, Tata Motors, Sun Pharma, Coal India, NTPC, Hero MotoCorp, Bajaj Auto, HUL, Bharti Airtel, Asian Paints, ONGC and HDFC, shedding up to 3.04 per cent.

On the other hand, HCL Tech, Tata Steel, M&M, PowerGrid, Vedanta, RIL and TCS were the major gainers, rising up to 1.79 per cent.

Indian Rupee

9 : 30 am

The rupee appreciated by 23 paise to 70.21 against the US dollar in opening trade Wednesday, driven by easing crude prices, higher opening in domestic equities and on US-China trade talk hopes.

The rupee opened strong at 70.32 at the interbank forex market then gained further ground and touched 70.21 amid a positive opening in domestic equities, displaying gains of 23 paise over its last close.

Opening Bell

9 : 15 am

After surging over 200 points in early session, the 30-share index was trading 98.07 points, or 0.26 per cent, higher at 37,416.60. The broader NSE Nifty was also trading 21.65 points, or 0.19 per cent, up at 11,243.70.

Results Today

9 : 00 am  

Lupin, Petronet LNG, SKF India, Torrent Power, Maharashtra Scooters, Jubilant Foodworks, J&K Bank, Adani Green Energy, KPIT Technologies, Karur Vysya Bank, HFCL, Gujarat Pipavav Port, Cosmo Films, Central Bank of India, Balaji Amines, Amara Raja Batteries are the companies to submit their fourth quaterly results today.

Market Closing on Tuesday

8 : 45 am

Yesterday, NSE-NIFTY remained sideways post a flat start and later witnessed jump of 187 points from the intraday low of 11,108 mark.

While Sensex closed 227 points or 0.61 per cent up at 37,318 with 17 components in the green, Nifty ended 73 points or 0.66 per cent up at 11,318.53. The 30-share BSE Sensex plunged 487.50 points, or 1.27 per cent, to end at 37,789.13; while the broader NSE Nifty sank 138.45 points, or 1,20 per cent, to 11,359.45.

Global Market

8 : 30 am

Indian equity markets are expected to open flat on account of global cues. Asian markets are trading mixed. Nikkei bounced-back into positive territory. Hong Kong Index gained half a percent. SGX Nifty is flat to negative on the Singapore Exchange. US Futures was up 0.1% and US Dow Jones gained 1% after Trump moved to reassure markets that he'll clinch a trade deal with China.

Jitters over the outcome of Lok Sabha election, ongoing US-China trade tensions, decline in economic indicators such as factory output and core sector growth, weakness in high-frequency indicators such as auto sales, and credit crunch in non-banking financial companies (NBFCs) led Sensex to log its fourth nine-day losing streak ever in the history of Indian financial markets.