The Equity market has opened on the green note on Thursday. Market extend gains in the morning trade with the Sensex rising more than 150 points after two days consolidation and despite the correction in Asian cues. At 11.15 AM, BSE Sensex is trading at 31405 up 159 points or 0.51 percent, while Nifty is trading at 9676 up 39 points or 0.40 percent.
Equity market is trading down due to some declined trend in whole domestic market. Nifty is trading at 8700 level down by 16 points while BSE index Sensex is trading at 28285 level with 68 points short. Although Mid cap and small cap index are showing some strength today.
Today the BSE mid cap index is trading up 0.66 percent and BSE Small cap Index is trading with a gain of 0.77 per cent. Nifty Midcap 50 index jumped 1.1 percent, and trading at the level of 3872 now.
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The Sensex is down 33.39 points at 28119.01 and the Nifty is down 12.90 points or 0.1 percent at 8659.25. About 957 shares have advanced, 1284 shares declined, and 103 shares are unchanged.
Tata Motors, Axis Bank, Infosys, BHEL and Sun Pharma are laggards while Adani Ports, Cipla, NTPC, ITC and ONGC are gainers in the Sensex.
Oil prices eased but held above USD 45 a barrel as the market weighed the possibility of major producers reaching an agreement to freeze output during a meeting next month.
Members of the Organization of Petroleum Exporting Countries (OPEC) as well as non-members are scheduled to meet informally in Algeria in September, and Saudi Arabia’s oil minister Khalid al-Falih has hinted that discussions could include actions to stabilise prices.
Today market is trading with highly volatile trend and there are some positive momentum is still there, So we can expect a buying rally. As per our experts this is time to buy shares on lower price. Traders are advised to buy stocks like banking on dips…
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The BSE Sensex and NSE Nifty opened on flat to cautious note on Monday tracking mixed global cues. At 9.25 am, the BSE Sensex was trading 19.55 pointd down at 27,783.69, while NSE Nifty was trading 5.95 points down at 8,535.25.
Below are the 15 stocks that are in focus today
Axis Bank: Stocks of the private lender were trading 1.31 per cent down at Rs 530.50 (9.21 am) after it posted 21 per cent decline in net profit at Rs 1,555.5 crore for the first quarter of the current fiscal on account of rise in bad loans.
Cairn India and Vedanta: Stocks of both the companies will hog limelight as the boards of Vedanta and Cairn India have revised the final terms and conditions for the merger deal in an effort to make it more attractive to minority shareholders. The earlier offer saw massive backlash from minority shareholders, who had termed it unfair. At 10.11 am, Cairn India was trading 0.31 per cent up at Rs 192.60, while NSE Nifty was trading 0.53 per cent down at Rs 168.05.
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