Stock Market: Sensex Edges Higher; Defensive Stocks Surge

The BSE Sensex and Nifty rose on Friday as defensive stocks such as Sun Pharmaceutical Industries and Ranbaxy Laboratories jumped on the U.S. regulator's approval for a key drug while IT stocks gained after rival Accenture Plc reported robust quarterly revenue growth.
Broader gains were however capped as Asian shares were mostly in the red on Friday, weighed down by a weak performance on Wall Street and doubts about the strength of the U.S. economy, which pushed bonds higher.
Traders said markets may remain range-bound in the near term amid the backdrop of government deferring a key gas price hike decision while a lagging monsoon and the newly-elected government's maiden budget on July 10 also added to uncertainty.
The benchmark Sensex rose 0.15 percent, or 37.25 points, to end at 25,099.92, notching up a weekly fall of 0.02 percent.

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Live Stock Tips and Updates for Mid -Day Trading

Key benchmark indices held positive terrain in mid-afternoon trade.

The 30-share index was at 25,083.37, up 20.70 points or 0.08 per cent. It touched intraday high of 25,209.61 and a low of 25,032.94 in trade today.
Gas utility stocks rose after the Cabinet Committee on Economic Affairs (CCEA) on Wednesday, 25 June 2014, deferred a decision on revision of natural gas pricing for three months.
India's Century Textile and Industries Ltd surges 5 percent after Derive Investments a company owned by high net worth individual Radhakishan Damani bought a stake in the company in a block deal on Thursday.

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Stock Tips & Live Market Updates

The S&P BSE Sensex opened on a positive note led by gains in healthcare, oil & gas and technology stockseven as the Asian markets remained subdued.

According to analysts, the market is likely to consolidate with a positive bias ahead of the Union Budget to be presented in the parliament in July.
The 30share index was at 25,113.96, up 51.29 points or 0.20 per cent. It touched intraday high of 25,169.81 and a low of 25,096.55 in trade today.
Among the sectoral indices, the S&P BSE Healthcare Index gained 1.86 per cent, India's Ranbaxy Laboratories rose 5.8 percent in early trading after the U.S. Food and Drug Administration said on Thursday
The S&P BSE Oil & gas Index gained 0.53 per cent and the S&P BSE IT Index was 0.40 per cent higher.

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Watch Stock Market Performance Today

Oil and gas stocks led decline on the bourses after the government's decision to defer revision in gas prices by three months.
The index slipped 76.05 points or 1 percent to close at 7493.20 and the 30-share BSE Sensex was down 251.07 points or 0.99 percent to 25062.67 but the fall in broader markets was less compared to benchmarks.
The BSE Midcap and Smallcap indices declined 0.3 percent each. It was a bad close for the market on expiry day, say experts, adding it may see further fall in near term.
India’s largest lenders State Bank of India, ICICI Bank and HDFC Bank fell over a percent while housing finance company HDFC was down 1.8 percent.

Shares of Wipro and Dr Reddy’s Labs gained more than a percent. Axis Bank, Bharti Airtel, Sun Pharma, Maruti Suzuki and M&M advanced 0.3-0.7 percent.

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Stock Market Live News during Mid-Day Trading

The BSE Sensex will keep setting new record highs in the coming year, after a small correction in the next few months, a Reuters poll found on Thursday.
Some buying activity is seen in capital goods, consumer durables, auto, IT and healthcare on BSE, while banking, power, realty, oil & gas and FMCG sectors are showing weakness.
Dr Reddy's Lab, L&T, BHEL, Wipro, M&M and Bharti Airtel are among the gainers, whereas ONGC, RIL, NTPC, HDFC and Gail are losing sheen on BSE.  
Shares of Essar Oil hit the upper circuit at 5% after the company fixed the floor price of Rs 108.15 for proposed voluntary delisting of shares.  

L&T Infrastructure Finance Company Ltd intends to issue Secured, Redeemable, Non- Convertible Debentures of Rs. 600 Crore with an option to retain over-subscription up to Rs. 400 Crore, an overall amount aggregating to Rs. 1000 Crore on private placement basis.

Monsanto Co said the $10 billion share buyback will take place over two years. Monsanto India, a subsidiary of the US-based Monsanto, is up 5.34% on BSE.

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Latest Stock Market Tips & Morning Updates

The S&P BSE Sensex plunged nearly 200 points in trade on Thursday, weighed down by losses in oil & gas sector after the Narendra Modi led government said that the decision on gas price hike would be taken in three months after consultation with all stakeholders.

ONGCBSE -5.01 % plunged nearly 7 per cent, followed by Reliance IndustriesBSE -2.67 % which dropped 3.3 per cent and Oil IndiaBSE -3.67 % slipped as much as 5.2 per cent in opening trade today.

The BSE Sensex was trading 0.64 per cent lower or 162 points at 25,151. It hit a low of 25,129.06 and a high of 25,309.33 in trade today.

Today’s Stock Market Tips: 

·BUY WHEELS (LCP-802.25) ABOVE 805 TG-811-819
·BUY CARE RATING (LCP 1145.25) ABOVE 1150 TG-1157-1167
·BUY ZANDU REALY (LCP 1250.35) ABOVE 1253 TG-1260-1270
·BUY NATCO PHARMA (LCP-1026.1) ABOVE 1029 TG-1036-1045

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Latest Stock Tips: Sensex Ends at 25,313 Down

Indian shares fell on Wednesday for a fifth session in six, with blue-chips such as Reliance Industries Ltd taking a hit as caution ahead of expiry of June derivatives on Thursday and fears of more violence in Iraq prompted investors to pare positions.

Auto stocks surged in the final minutes of trade after Finance Minister Arun Jaitley told reporters that India had extended excise duty concessions for automobiles, among other sectors.

The S&P BSE Sensex ended a lackluster session in the red as traders squared off long positions ahead of the June series F&O expiry.
Gains in auto, pharmaceuticals and IT were offset by losses in capital goods, banks and oil & gas sectors.Mahindra and Mahindra rose 1.1 percent, while Maruti Suzuki India Ltd jumped 2.3 percent.

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