Share Market News Live: Sensex rises 250 points\, Nifty at 11\,285; Cipla\, Dr Reddy\, Bajaj Finance top gainers

Share Market News Live: Sensex rises 250 points, Nifty at 11,285; Cipla, Dr Reddy, Bajaj Finance top gainers

India Stock Market News Updates Today: April-June quarterly earnings announcements by Titan, Power Grid, IPCA Labs, Bank of Baroda, AstraZeneca Pharma, TTK Prestige will also set the tone for the stock market today

Here's a look at the updates of the market action on BSE and NSE today

Sensex, Nifty LIVE Updates on August 10: Sensex and Nifty opened on a bullish note on Monday, extending last week's gains amid mixed global equities. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 30 points at the opening bell. Sensex was trading 279 points higher at 38,301 and Nifty gained 84 points to 11,299. Last Friday, Sensex ended 15 points higher at 38,040 and Nifty gained 13 points to 11,214. Meanwhile, April-June quarterly earnings announcements by Titan, Power Grid, IPCA Labs, Bank of Baroda, AstraZeneca Pharma, TTK Prestige will also set the tone for the stock market today.

Here's a look at the updates of the market action on BSE and NSE today

9. 25 AM: Global markets

In Wall Street, the S&P 500 retreated from a near six-month high on Friday amid sharp slowdown in US employment growth data.

Overseas, Asian stocks were trading lower on Monday as investors kept one eye on flaring tensions between the United States and China with President Donald Trump's move to ban WeChat and TikTok. Investors also kept cautious on US fiscal stimulus after talks between the White House and Democrat lawmakers broke down. Japanese and Singaporean markets are closed for public holidays.

9. 18 AM: FII and DII action

Foreign portfolio investors (FPIs) bought shares worth Rs 397.32 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 438.62 crore in the Indian equity market on 7 August,

9. 12 AM: Stocks to watch today on August 10

Cipla, IndusInd Bank, Siemens, Punjab & Sind Bank, Concor among others are the top stocks to watch out for in Monday's trading session

Stocks in news: Cipla, IndusInd Bank, Siemens, Punjab & Sind Bank, Concor

9. 08 AM: Opening bell

Sensex and Nifty opened on a bullish note on Monday, extending last week's gains amid positive global equities. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 30 points at the opening bell. Sensex was trading 279 points higher at 38,301 and Nifty gained 84 points to 11,299.

9.00 AM: Global cues

Traders will also keep a track on global markets as the United States is likely to announce another round of stimulus this week.  The relief package, which is being discussed between lawmakers, is likely to boost market sentiments domestically and globally.

8. 55 AM: Market update for week ahead

Going ahead, analysts expect market to see some correction amid uncertain environment in wake of rising coronavirus cases. With Reserve Bank policy announcements are already out, investors will keep an eye on macro data, US-China tensions and coronavirus cases which will set tone for the markets. Development on a fresh stimulus package in the US will also be watched closely by the traders.

Share market update for week ahead: 7 things you need to know before opening bell

8. 40 AM: Nifty outlook

RelianceSmart Money in its daily note said," NSE-NIFTY resumed its weekly rising trend and regained 11,200 mark. In the last week, the index lost once out of five trading sessions and reported rise of 1.3%. Due to further rise in the index, its key technical indicator has remained in favour of bulls. This could lead the index towards its upper band of the narrow range (placed at around 11,340 level) and then at around 11,435 mark. In case of decline, the index will initially find support around its 20-day EMA and then around its 200-day SMA, which are now placed at 11,005 and 10,850 levels, respectively.

As for the day, support is placed at around 11,160 and then at 11,106 levels, while resistance is observed at 11,250 and then at 11,286 levels."

8. 30 AM: Closing on Friday

After a volatile trading session, Sensex and Nifty ended on a flat to positive bias on Friday, amid weak global markets. Investors' sentiments were also tepid as domestic coronavirus cases surpassed the 2 million mark.

Sensex ended 15 points higher at 38,040 and Nifty gained 13 points to 11,214.

During last week, Sensex has risen 433 points or 1.15%, while Nifty has gained 140 points or 1.27%

Stock Market Highlights: Sensex ends 15 points higher, Nifty at 11,214; UPL, Bajaj twins top gainers