Morning Stock Market News & Trading Tips

Sensex up over 100 pts, Nifty hits 8550; Wipro gains 6%
The market has started the week with a bang. The Sensex is up 174.17 points or 0.6 percent at 28296.06 and the Nifty is up 36.25 points or 0.4 percent at 8550.05.

About 522 shares have advanced, 133 shares declined, and 230 shares are unchanged. Wipro gains 6 percent while Hindalco, HDFC Bank, Sesa Sterlite and ONGC. Dr Reddy's Labs and M&M are among losers in the BSE.

The Indian rupee continued its upward momentum on Monday as it opened higher by 23 paise at 61.64 per dollar versus 61.87 Friday. Intraday Stock Cash  Tips

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Stock Market Closing News

The bulls rested on Friday before ending for the weekend. The Sensex was up 46.34 points at 28121.89 and the Nifty was up 19.65 points at 8513.80. About 1383 shares have advanced, 1550 shares declined and 296 shares were unchanged.

Sun Pharma and Coal India were up 3 percent while HUL, M&M and BHEL were other gainers. Hindalco, Hero, Bharti, SBI and Tata Motors were laggards.
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Today’s Stock Market News – Sensex, Nifty in red; TCS drags 2%,

The S&P BSE Sensex plunged as much as 125 points in trade on Friday tracking Asian markets which were trading lower on Switzerland's unexpected decision to remove its currency cap triggering a wave of volatility in financial markets worldwide.
After the Sensex is down 18.94 points at 28056.61 and the Nifty is up 9.90 points at 8504.05. About 287 shares have advanced, 182 shares declined, and 235 shares are unchanged.

HDFC Bank, HUL, Axis Bank, Sesa and Cipla are top gainers in the Sensex while GAIL, Maruti, Tata Steel, BHEL and HDFC are losers. TCS is down 2 percent post its December quarter results.

Tracking the momentum, 50-share Nifty index also slipped over 40 points and was trading around its crucial psychological level of 8450, weighed down by losses in realty, oil & gas, IT and auto stocks.
The Indian rupee opened flat at 62.08 per dollar against previous close of 62.06. 

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Indian Stock Market Closing Bell

The market has ended with some very strong gains. The Sensex was up 728.73 points or 2.7 percent at 28075.55, and the Nifty ended up 216.60 points or 2.6 percent at 8494.15.  About 1693 shares advanced, 1206 shares declined and 322 shares were unchanged.

 Banks led the rally with the Bank Nifty hitting a record high. HDFC, SBI, ICICI Bank, Reliance and L&T were top gainers in the Sensex. Among the losers were Hindalco, BHEL, Sesa Sterlite and ONGC.

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Morning Stock Market News & Trading Tips

The market is celebrating RBI’s surprise rate cut in style. The Sensex is up 566.65 points or 2 percent at 27913.47, after gaining almost 600 points in opening.

The Nifty is up 147.65 points or 1.7 percent at 8425.20. About 574 shares have advanced, 84 shares declined, and 228 shares are unchanged. All banks are up while SBI gained 5 percent.

The BSE Sensex and Nifty surged today by nearly 2 per cent after the Reserve Bank of India in a surprise move cut its main lending rate (repo rate) by 25 basis points.
The Sensex gained as much as 600 points to 27,947 and the 50-share Nifty jumped over 2 per cent above the 8,450 mark.
Rate-sensitive stocks like banks, auto, realty surged, pushing the benchmark indices higher.

The Reserve Bank of India surprised the market by cutting repo rate by 25 basis points to 7.75 percent from 8 percent, with immediate effect, ahead of its policy review on February 3.

The Indian rupee gained 30 paise in the early trade. It has opened at 61.88 per dollar versus 62.18 Wednesday.

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