Nifty holds 11,650 amid choppy trade; HDFC AMC hits record high

    <!– Market Outlook Indian markets are expected to open weak on the back of renewed concerns over US-Sino trade tensions. Going ahead, market participants are expected to keenly watch Q1 earnings traction and global news flows, ICICI Direct said. Domestic markets ended positive on July 16 ahead of key Q1 corporate earnings. US markets ended…

    Weak SGX Nifty, global peers indicate subdued opening for benchmark indices

    <!– Wall Street Slips US stocks edged lower as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from US President Donald Trump on trade also dragged down Wall Street's major indexes. JPMorgan Chase & Co and Wells Fargo & Co beat quarterly profit estimates but reported weaker net…

    Sensex climbs above Mount 39K; Nifty tops 11,600

    Sensex reclaimed Mount 39K for the first time since July 5 while Nifty also managed to climb above its crucial resistance level of 11,600 on July 16. Sensex closed 234 points higher at 39,131 while Nifty rose 74 points to end at 11,662. The broader market performed in line with benchmark indices – the S&P…

    WPI eases to 2-year low; Infosys Q1 results lift sentiments

    After falling for about 2 percent for the week ended July 12, Indian markets witnessed a bounce back on July 15 with Sensex registering a rally of more than 160 points while Nifty having a touch-and-go moment with 11,600. The final tally on D-Street – Sensex rose 160 points to 38,896 while Nifty ended 35…

    Budget proposals hurt market sentiments; Nifty50 holds 11,550 levels

    The Indian market witnessed another volatile day of trading to close the week on a weak note. The S&P BSE Sensex fell by about 2 percent while Nifty50 saw a decline of 2.1 percent for the week ended July 12. The index failed to hold on to 11,600 levels but got some support near 11,500…

    Sensex ends lower, Nifty fails to hold 11,600; Midcap index outperforms

    <!– Market Update: Benchmark Indices slipped past day's high and were trading in the red. Sensex was down 68.13 points or 0.18 percent at 38,754.98, and the Nifty was down 23.90 points or 0.21 percent at 11,559.00. About 1104 shares have advanced, 1230 shares have declined, and 121 shares are unchanged. Vedanta, Asian Paints, Sun…

    Sensex off day#39;s high, Nifty breaks 11,600; IndusInd Bank dips post Q1

    <!– IndusInd Bank Earnings Private sector lender IndusInd Bank reported a healthy growth in June quarter earnings after merger of Bharat Financial Inclusion with itself. Hence numbers are not comparable YoY. Net profit of combined entity stood at Rs 1,432.5 crore for the quarter ended June 2019, rising 38.3 percent compared to Rs 1,036 crore…

    Indices gain strength, Sensex up 100 pts, Nifty back above 11,600

    <!– Just In Reliance Power Signs ICA With Lenders Reliance Power said its six lenders have signed the lnter-Creditor Agreement (ICA) on July 6, 2019. As per the RBI Circular, 100 percent of its lenders have signed the ICA for the resolution of Reliance Power’s debt. "Reliance Power has now achieved standstill for 180 days as…

    Nifty consolidates below 11,600 on caution ahead of IIP, CPI data

    <!– HDFC Shares Gain after CLSA Raises Target Housing Development Finance Corporation shares gained a percent intraday after CLSA raised price target of its top pick. "We maintain buy call and raised price target to Rs 2,730 from Rs 2,500, implying 20.7 percent potential upside after analysing Annual Report of the company," CLSA said, adding…