Stock Market Opening Bell

Sensex Rallies to Fresh Highs

The market opens at a record high once again. The Nifty hits 8500 in opening for first time. The 50-share index is at 8510, up 31.70 points while the Sensex is at 28461.77, up 120.46 pts.

Metal stocks are up with Sesa, Hindalco and Tata Steel as major gainers. Infosys and Tata Motors are other gainers. Bajaj Auto, ITC, NTPC, HUL and Dr Reddy's Labs are among the losers.

The Indian rupee opened higher by 7 paise at 61.69 per dollar on Monday versus 61.76 Friday.
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Stock Trading Tips :: Market end at Record high

Indian markets traded with strong gains, with the Nifty recording a fresh all-time high but closing marginally short of the 8,500 mark it has never scaled.

The Sensex rose 0.95 percent, or 267 points to end at record closing high of 28,334 while the Nifty jumped 0.9 percent, or 75 points to 8,477.

Banks led the charge all day with Kotak Mahindra Bank rising 3.67 percent to hit a record high after it announced a USD 2.5 billion worth all-share merger deal with ING Vysya that would make it India’s fourth largest private bank behind ICICI, HDFC and Axis. ICICI (up 2.53 percent) too hit fresh lifetime highs.

Brokerages were largely positive on the Kotak-ING deal with many saying that while it may immediately pressure some of Kotak’s metrics such as return on equity, it would help it in the long term by boosting its presence in the South where ING is focused, as well as by incorporating its SME lending book.

Live Stock Trading Tips – Sensex, Nifty Trade Flat

Indian shares opened mildly higher, amid mixed cues from global peers and as yesterday's mega M&A action spurred some sentiment.

At open, the BSE Sensex was up 0.02 percent, or 7 points, to 28,070 while the Nifty rose 0.02 percent, or 3 points, or 8,405.

Among early movers, Kotak Mahindra Bank was up 7 percent after it announced a merger with smaller peer ING Vysya Bank in an all share-deal that valued the latter at USD 2.5 billion. ING shares were up 1.6 percent.

Shares of other small private sector banks such as South Indian Bank, Dhanlaxmi Bank and City Union Bank jumped 3.6-4 percent amid hopes Kotak's deal would trigger a wider consolidation in the banking industry and make them potential acquisition candidates. 

The Indian rupee has opened at 61.84 a dollar on Thursday, up 10 paise compared to previous day’s closing value of 61.94 a dollar.

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Stock Trading News with Ending Session Updates

Equities held on to their late gains, with both the Sensex and Nifty closing above key 28,000 and 8,400 marks.

At close, the Nifty rose 0.22 percent, or 19 points, to 8,401 while the Sensex gained 0.12 percent, or 34 points, to 28,067.

Early in the day, high beta shares edged lower, but several sectors such as banks and oil & gas staged a smart recovery to close in the green. Metals and capital goods, though, closed 0.8 percent lower.

But the best performers of the day were IT and pharma, both helped by a depreciation in the rupee. Cipla jumped 3.2 percent after announcing it had tied up with Serum Institute of India to launch vaccines in Europe.

Morning Stock Trading Tips& News –SBI goes ex-split

Shares were flat to positive in opening trade, with Nifty testing the 8,400 level it lost yesterday.

At open, the Sensex was up 0.15 percent, or 37 points, to 28,077 while Nifty was up 0.15 percent, or 15 points, to 8,397.

 In key movers, metal stocks were higher after the coal ministry issued draft guidelines for e-auction of de-allocated coal mines. Hindalco was up 1.55 percent while JSPL gained 0.2 percent.

 ING Vysya Bank was up 6.4 percent in early trade amid reports it would be acquired by HDFC Bank (down 0.84 percent).

 Several stocks that were added for derivatives trading such as Amtek Auto, Bosch, Engineers India, Strides Arcolabs and Wockhardt were up between 1.9 percent and 5.4 percent.

SBI was up 1.4 percent, after the stock went ex-split.

The rupee fell below the 62 to the US dollar, hitting a 10-month low. 

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