Sensex, Nifty hit 2-month high; Cairn up 3%, KPIT jumps 13% - 23 Oct 2015

Software services provider KPIT Technologies surged 13 percent as it has reported excellent performance in July-September quarter with profit rising 69 percent sequentially to Rs 75.08 crore on strong improvement in operating profit performance.

                     

The market has touched three-month high with the Sensex rising 212.81 points to 27500.47 and the Nifty climbing 55.45 points to 8307.15. The broader markets underperformed benchmarks; the BSE Midcap and Smallcap indices rose 0.5 percent each. The market breadth was positive as about 1307 shares have advanced against 564 declining shares on the BSE. Software services provider KPIT Technologies surged 13 percent as it has reported excellent performance in July-September quarter with profit rising 69 percent sequentially to Rs 75.08 crore on strong improvement in operating profit performance. Cairn India rose 3 percent after beating analysts' expectations on bottomline front. Profit declined 19.4 percent sequentially to Rs 672.7 crore in July-September quarter against forecast of Rs 575 crore. ITC, ICICI Bank, Reliance Industries, HDFC, SBI, Tata Motors, Lupin, ONGC and Axis Bank gained 1-2 percent while Bharti Airtel and Wipro lost 1.5-2 percent. Wipro missed expectations on guidance front. It expects Q3FY16 IT services dollar revenue in range of USD 1,841-1,878 million, a growth of 0.5-2.5% over Q2.


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LIVE: Sensex jumps over 250 points on firm global cues, Nifty above 8,320; Wipro down -- 23 Oct 2015

The BSE Sensex and NSE Nifty opened on a positive note on Friday tracking global markets. At 9.17 am, Sensex was up 212.58 points at 27,500.24. NSE Nifty was trading 64.55 points up at 8,316.25.

                     

Wipro stocks were trading 1.57 per cent down at Rs 568.80 after the company on Wednesday posted 7.2 per cent year-on-year rise in its consolidated net profit at Rs 2235.40 crore for the second quarter ended September 30, 2015.BSE Sensex was up 261.33 points at 27,548.99. NSE Nifty was up 73.30 points at 8,325.00 during the same time.

The BSE Sensex and NSE Nifty opened on a positive note on Friday tracking global markets. At 9.17 am, Sensex was up 212.58 points at 27,500.24. NSE Nifty was trading 64.55 points up at 8,316.25

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Sensex soars over 200 pts, Nifty above 8300; Reliance up -- 23 Oct 2015

Reliance, Hindalco, Vedanta, Lupin and Tata Motors are top gainers in the Sensex. Idea is down after its Q2 results.

     

The market has opened with zeal riding on strong global cues. The Sensex is up 245.31 points or 0.9 percent at 27532.97 and the Nifty gains 68.45 points or 0.8 percent at 8320.15. About 669 shares have advanced, 112 shares declined, and 29 shares are unchanged. Reliance, Hindalco, Vedanta, Lupin and Tata Motors are top gainers in the  Sensex. Idea is down after its Q2 results. Asian share markets were sharply higher, tracking offshore gains following hints of new stimulus from the European Central Bank (ECB). Japan's Nikkei 225 index zoomed up to 18,848 points — its highest level since August 31. ECB President Mario Draghi signaled on Thursday that the central bank is prepared to undertake another large stimulus package to tackle the lackluster growth seen in the euro zone. The euro skidded to two-month lows against the dollar after the European Central Bank opened the door to more stimulus as early as December, leaving the single currency shaken a day after it had posted one of the biggest falls in recent years. The euro fell to as low as USD 1.1072 in early Asian trade, breaking below the USD 1.11 mark, which has been a major support for the currency in the last several weeks. The S&P 500 closed at its highest in two months on Thursday as stronger-than-expected earnings from several top companies, including McDonald's, relieved investors' concerns about the profit outlook. The Indian rupee gained in the early trade. It has opened higher by 32 paise at 64.80 per dollar versus 65.12 Wednesday. Pramit Brahmbhatt of Veracity said, "Looking at positive global cues, we expect the rupee to appreciate though the strength in dollar may put some pressure. We see the range for today between 64.75-65.60/dollar." The euro tumbled yesterday after European Central Bank President Mario Draghi said the bank discussed a further interest rate cut and raised the possibility of further easing measures to counter weak inflation in the euro zone.

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Sensex Market Opening Bell -- 23 Oct 2015

Markets @ 9:20

The 30-share index was trading at 27,525, up 238 points or 0.87 per cent. It touched a high of 27,549.67 and a low of 27,456.23 in morning trade. 

The Nifty50 was at 8,318, up 67 points or 0.81 per cent. It touched a high of 8,328.10 and a low of 8,305.40 in the first 30 minutes of trade. 

The S&P BSE Midcap Index was up 0.68 per cent and BSE S&P Smallcap Index edged higher by 0.70 per cent. 
GAIL India (up 2.1 per cent), ONGC  .. 

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Rupee opens at 64.80 per dollar; gains 32 paise -- 23 Oct 2015

Looking at positive global cues, we expect the rupee to appreciate though the strength in dollar may put some pressure, 

                             

                               

                 

The Indian rupee gained in the early trade on Friday. It has opened higher by 32 paise at 64.80 per dollar versus 65.12 Wednesday.we expect the rupee to appreciate though the strength in dollar may put some pressure. We see the range for today between 64.75-65.60/dollar."



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Sensex ends 19.17 points down as China markets fall, Nifty settles at 8,252; Bajaj Auto, Vedanta gain -- 21 Oct 2015

 The BSE Sensex and NSE Nifty edged lower on Wednesday for the second straight day as a steep fall in China’s markets revived global risk aversion, while caution ahead of key corporate earnings results also weighed on sentiment. Sensex closed 19.17 points down at 27,287.66. Nifty closed 9.95 points down at 8,251.70.

                            In the 50-share index, Vedanta, Bajaj Auto, Bharti Airtel

, NTPC and Tata Steel gained between 1.70 per cent and 4.25 per cent. On the other hand, Dr Reddy’s Labs, Asian Paints, Asian Paints, BHEL and PNB declined between 1.80 per cent and 3.50 per cent.

China’s share markets slumped 3.5 per cent, the worst daily performance in five weeks, as a correction in small caps deepened through the day.

But analysts said they expected the recent momentum in shares to continue should earnings come in better than expected.

HDFC Bank reported second-quarter results that met street estimates, but posted a higher-than-expected fall in net interest margins. The stock fell nearly 1 per cent but pared losses as the session progressed. The share price of HDFC Bank closed 0.18 per cent down at Rs 1093.15.

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Sensex rises 100 pts, Nifty eyes 8300; DRL down, Mphasis up -- 21 Oct 2015

 Dr Reddy's Labs topped selling list on Sensex, down 2 percent followed by Sun Pharma, Lupin, HDFC, L&T, Maruti and BHEL with marginal losses.
          


               

    The market recouped previous day's losses to trade marginally higher. Oil, technology and banks stocks provided support to market while pharma and capital goods dragged. The Sensex rose 100.98 points to 27407.81 and the Nifty climbed 22.30 points to 8283.95. The broader markets traded in-line with benchmarks, rising 0.3 percent. The market breadth remained positive as about 1159 shares advanced against 626 shares declining on BSE. IT services provider Mphasis' September quarter consolidated net profit grew by 18.4 percent sequentially to Rs 185 crore, boosted by operational numbers. Dr Reddy's Labs topped selling list on Sensex, down 2 percent followed by Sun Pharma, Lupin, HDFC, L&T, Maruti and BHEL with marginal losses. Reliance Industries, Bharti Airtel and Vedanta rallied 1-1.8 percent. Infosys, HDFC Bank (ahead of earnings), Axis Bank, TCS, ITC and ONGC gained 0.3-0.9 percent.



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