LIVE: Sensex jumps over 100 points in opening trade, Nifty above 8,330; Bharti Airtel stocks up 1.6% -- 26 Oct 2015

The BSE Sensex and Nifty opened on a positive note on Monday tracking firm global cues.

                                           

The rupee depreciated by 16 paise to 64.99 against the US currency in early trade on Monday due to strong demand for the dollar from importers. Sensex was up 96 points at 27,566.

The BSE Sensex and Nifty opened on a positive note on Monday tracking firm global cues. Sensex opened 104.23 points up at 27,575.04. Nifty opened 38.20 points up at 8,333.65.

Bharti Airtel announced its Q2 results on Monday before market hours. Bharti Airtel Ltd, India’s top mobile carrier by subscribers, posted a 10 per cent rise in quarterly net profit that beat estimates, helped by a surge in data usage by customers. The telecom major reported a consolidated net profit of Rs 1,522.70 crore against Rs 1,383.2 crore in the corresponding quarter a year ago. Bharti Airtel reported a fall of 54.96 per cent yoy at Rs 2,223.7 crore in its standalone net profit. Share price of Bharti Airtel was up around 1.6 per cent in the early trade.

Analysts on average expected Bharti Airtel to post a net profit of Rs 1,150 crore, according to Thomson Reuters data.

Sensex and Nifty gained 183.15 points and 43.75 points at 27,470.81 and 8,295.45 on Friday.

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Sensex opens firm, Nifty above 8300; Bharti gains 1% -- 26 Oct 2015

Vedanta, Hindalco, Tata Motors, Bajaj Auto and Dr Reddy's Labs are top gainers while Lupin, HDFC, GAIL, ONGC and M&M are among losers in the Sensex. Bharti Airtel is up 1 percent after it announced better-than-expected Q2 results.

                         

The market kickstarted on a fim note but soon turned flat. The Sensex is up 147.33 points or 0.5 percent at 27618.14. The Nifty is up 20.50 points at 8315.95. About 462 shares have advanced, 149 shares declined, and 37 shares are unchanged. Vedanta, Hindalco, Tata Motors, Bajaj Auto and Dr Reddy's Labs are top gainers while Lupin, HDFC, GAIL, ONGC and M&M are among losers in the Sensex. Bharti Airtel is up 1 percent after it announced better-than-expected Q2 results. The Indian rupee opened lower by 17 paise at 65 per dollar against previous close of 64.83. Agam Gupta of Standard Chartered said, "The 'risk on' sentiment from equities will translate into some USD supply from FPIs. Exporters will also be looking to hedge their forward receivables on upticks." Euro slipped, hitting a low against the dollar not seen since early august after ECB Chief Mario Draghi signalled further monetary easing could be on deck for the euro zone. Asia markets opened in green in early morning trade as investors welcome the Chinese Central Bank's (PBoC) interest rate cut for the sixth time in the past 11 months. Japan's Nikkei rallied 1 percent to reclaim the 19,000 mark for the first time in more than two months The US markets ended with solid gains on Friday with the Nasdaq closing at a two-month high post China's rate cuts. Investors also digested a new batch of earnings, including reports from tech giants alphabet, Amazon and Microsoft, all of which beat analysts' expectations. Brent crude is trading around USD 48 per barrel while Nymex declined to USD  44 mark. Precious metal, gold, meanwhile, was trading around USD 1160 an ounce.

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Sensex Market Opening Bell - 26 Oct 2015

Markets @ 9:20 

The 30-share index was trading at 27,551, up 80 points or 0.30 per cent. It touched a high of 27,618.14 and a low of 27,538.87 in morning trade. 

The Nifty50 was at 8,311, up 17 points or 0.20 per cent. It touched a high of 8,336.30 and a low of 8,311.40 in the first 30 minutes of trade. 

The S&P BSE Midcap Index was up 0.17 per cent and BSE S&P Smallcap Index edged higher by 0.32 per cent. 

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Rupee opens at 65 per dollar; down 17 paise -- 26 Oct 2015

We expect oil companies and local government banks to be buyers of USD on any downticks. We expect a range of 64.85-65.15/dollar for the day, 

                         

The Indian rupee opened lower by 17 paise at 65 per dollar on Monday against previous close of 64.83.We expect oil companies and local government banks to be buyers of USD on any downticks. We expect a range of 64.85-65.15/dollar for the day."

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Nifty & Bank Nifty Fut Levels for today :: 26 Oct 2015

Nifty Future::
Trend::Up
Pivot Level:8309
Support:8280/8256/8227
Resistance:8333/8362/8386

Bank Nifty Future::
Trend::Up
Pivot Level:17927
Support:17858/17782/17713
Resistance:18003/18072/17148
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Nifty ends tad below 8300, Sensex firm; ITC & banks support --- 23 Oct 2015

Axis Bank, ITC, HDFC, NTPC and GAIL are top gainers while Bharti Airtel, L&T, Vedanta, Maruti and Suzuki are among losers in the Sensex. Sensex ends 183.15 points up at 27,470.81. NSE Nifty ends 43.75 points up at 8,295.45. Stocks of Idea Cellular closes 7.35 per cent down at Rs 140.45.

                           

The market has ended with gains, though it cooled off intraday from its inital gains. The Sensex was up 183.15 points or 0.7 percent at 27470.81, and the Nifty up 43.75 points or 0.5 percent at 8295.45. About 1289 shares have advanced, 1425 shares declined, and 154 shares are unchanged.Axis Bank, ITC, HDFC, NTPC and GAIL are top gainers while Bharti Airtel, L&T, Vedanta, Maruti and Suzuki are among losers in the Sensex. 

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Sensex, Nifty cool off slightly; FMCG, banks, metals up -- 23 Oct 2015

ITC, NTPC, ONGC, GAIL and Axis Bank are top gainers while Bharti, Maruti, Wipro, L&T and Vedanta are among losers.

                                   

The market has cooled off a bit as the Sensex is up 191.26 points or 0.7 percent at 27478.92. The Nifty is up 47.05 points or 0.6 percent at 8298.75. About 1356 shares have advanced, 1121 shares declined, and 156 shares are unchanged. ITC, NTPC, ONGC, GAIL and Axis Bank are top gainers while Bharti, Maruti, Wipro, L&T and Vedanta are among losers. Gold rose Rs 21 to Rs 27,097 per 10 grams in futures trading today as speculators widened bets, tracking a firming trend overseas. Market analysts said speculators enlarged their bets on the back of a firming global trend as investors eyed the upcoming Fed meeting for clues on timing of a US interest rate hike. Globally, gold increased as much as 0.3 percent to USD 1,169.40 an ounce in Singapore.

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