Live Stock Market Updates: Nifty continues to trade weak; TCS gains on buyback plans

-
The Nifty IT index is trading higher though the major indices in the markets are trading in red and the bears are dominating the Thursday’s trade.

The IT giant TCS is the top gainer in the Nifty IT index trading higher by around 3.2% at Rs 2535.45 per share. The stock has been gaining owing to the company’s buyback plans.
Wipro Limited is also trading higher by 2.5% at Rs 523.3 per share.

There are 446 advances, 1186 declines and 317 unchanged stocks on NSE reflecting that the bears are dominating in the market.
At 2 PM, the S&P BSE Sensex is trading at 30540 down 118 points, while NSE Nifty is trading at 9461 down 64 points. HDFC and Reliance is the biggest contributor to the Sensex losses. A total of 46 stocks registered a fresh 52-week high in trade today, while 22 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 1.2% at 14895, whereas BSE Small-cap Index is trading down 0.93% at 15534.
Some buying activity is seen in Information Technology sector, while Oil & Gas, Energy, Finance, Telecom are showing weakness on BSE.
TCS, Wipro, Infosys, HCL Tech and Bank of Baroda are among the gainers, whereas Ultratech Cement,, Hindalco, Yes Bank, Bharti Infratel, Axis Bank and Grasim are losing sheen on NSE.
The INDIA VIX is up 8.5% at 11.54.

Comments

Post a Comment

Popular posts from this blog

Top intraday trading ideas for afternoon trade for Monday 31 December 2018

-
Image
Top intraday trading ideas for afternoon trade for Monday 31 December 2018  NEW DELHI:    Equity benchmarks Sensex and Nifty50 were trading higher on Monday on account of buying in frontline bluechip counters. Markets collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade: Manas Jaiswal of manasjaiswal.com Tata Steel is a 'Buy' call with a target price of Rs 540 and a stop loss of Rs 514. Shriram Transport NSE 2.17 % is a 'Buy' call with a target price of Rs 1300 and a stop loss of Rs 1230. NSE LIVE 11:49 | 31-12-2018 Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2720 and a stop loss of Rs 2630. Kunal Bothra independent market expert Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2750 and a stop loss of Rs 2600. Chennai Petroleum is a 'Buy' call with a target price of Rs 306 and a stop los...
Read more

WELCOME TO SMART MONEY FINANCIAL SERVICES

-
Image
               WELCOME TO SMART MONEY FS               WE CREATE THE OPPORTUNITY   "Smart Money Financial Service" is an Investment Advisory having a team consists of highly qualified analysts who are skilled and impeccable in their analysis. These analysts, using their experience and the latest software tools, are able to predict the movements in share market on time and with high accuracy. Please click here for Advisory Ranking: As a result, using our tips, our clients gain the most out of the share market. We provide recommendations for Stocks – Cash and F & O trad. 1. VISION GrowthPress focuses on conducting in-depth research on your customers, your competitors, and your search engine landscape. Using this, we create the right SEO strategy that helps. 2. MISSION You achieve your goals. Search engines are constantly evolving to reflect the complex human behavior. Thus, ...
Read more

F&O: Put writing at all immediate strikes shows Nifty may hold up

-
Image
F&O: Put writing at all immediate strikes shows Nifty may hold up  The Nifty50 index opened in the negative but managed to recover sharply from lower levels and headed towards the 10,750 level on Wednesday. It formed a Piercing Line pattern on the daily scale, as it recovered its losses of the last session by more than a half. It has been making lower lows from last four sessions and holds above the 10,750-10,777 zone can negate the same to extend its recent bounce towards 10,850 and then 10,929 levels.  Nifty has reclaimed its 50-day EMA while on the downside it has support at 10,650 and then 10,600 levels.  On the options front, maximum Put OI was at 10,000 followed by 10,500 and 10,700 levels, while maximum Call OI was at 11,000 followed by 10,900 level. Meaningful Put writing was seen at all the immediate strike prices from 10,650 to 10,500 level, which suggests support is intact while Call unwinding was seen at most strike prices till 11,000 level. The...
Read more