Markets live: Track BSE Sensex, Nifty, rupee updates
3:40 pm: Sensex gains for fourth day, ends 65 points higher at 20,376 (Read the full market report)
3:15 pm: Hexaware Tech Q3 profit at Rs 103 crore vs Rs 98.7 crore QoQ. Hexaware shares surge over 5% to Rs 140.70. Track Hexaware stock here. Nifty up 26 points at 6,061.
3.10 pm: Aurobindo Pharma update: Shares trading 3 per cent higher at Rs 507 on BSE after earlier a record high of Rs 539. Nifty up nearly 22 points at 6,055.
3.01 pm: Nifty recovers above 6,050, up 14.70 points at 6,051. Traders say the pullback could be because of some closing of shorts due to the unwillingness of investors to roll over positions to Monday. US January jobs data due today. Peter Dixon, senior economist at Commerzbank Corporates and Markets, told NDTV that equity markets have bigger worries than US jobs data. Growth concerns in Europe and emerging nations are bigger worries now, he added.
2.45 p.m. Sensex slips into red, down 16 points at 20,294, while Nifty almost unchanged at 6,038.TCS down nearly 2 per cent while HCL Tech and Wipro down 1.3 per cent and 1.7 per cent respectively.
2.30 p.m. Nifty slips below 6,050 as Bank Nifty slips into the red and IT stocks extend weakness. TCS is top Nifty loser, down 1.5 per cent. Wipro down 1.3 per cent and HCL Tech falls 0.9 per cent.
2.15 p.m. Reliance Power on track for fourth straight gain: Q3 earnings beat due to likely spike in 1200MW Rosa facility's return one equity and treasury gains, Nomura says. Reliance Power had on Thursday reported profit of Rs 267 crore on sales of Rs 1,373 crore. Nomura retained its neutral rating on Reliance Power with a target of Rs 67. (Track stock)
1.45 p.m. The Supreme Court has ordered Reliance Infrastructure-backed BSES Yamuna Power to pay Rs 50 crore to state-run power producer NTPC. NTPC asked not to disconnect power supplies to Reliance Infra-backed distribution company BSES until March 26. Reliance Infra up 2.3 per cent at Rs 370.
1.30 p.m. Strides Arcolab net profit at Rs 3,525 crore versus Rs 74 crore year-on-year. Total income at Rs 253 crore versus Rs 177 crore y-o-y. (Track stock)
1.25 p.m. Tata Power Q3 sales at Rs 8,660 crore versus Rs 8,990 crore year-on-year. Losses narrow to Rs 75 crore in Q3 vs Rs 239 crore y-o-y. (Track stock)
1.15 p.m. TCS falls 0.9 per cent, leads IT weakness. Wipro down 0.5 per cent.
1.10 p.m. Markets turn volatile. Nifty up 16 points at 6,052 after dropping into the red breifly. Sensex up 38 points or 0.2 per cent at 20,349. Rupee up at 62.35 per dollar.
12.45 p.m. Advance GDP estimates for current fiscal 2013-14 likely to be announced at 5.30 p.m. today. Here's what to expect. (Read)
12.15 p.m. CESC Q3 profit up at Rs 107 crore against Rs 101 crore year-on-year. Sales at Rs 1207 cr against Rs 1040 cr y-o-y. Ebitda margins at 25 per cent versus 25.5 per cent y-o-y. (Track stock)
12.05 p.m. Cadila Healthcare Q3 net profit jumps to Rs 186 crore against estimates of Rs 125 crore. Sales rise to Rs 1,872 crore against estimates of Rs 1,764 crore. Ebidta margins rise to 15.7 per cent against estimates of 15.3 per cent. (Track stock)
12 p.m. Here's why BHEL shares can fall sharply (Read)
11.50 a.m. Sarvendra Srivastava's top picks at this hour:
1) JP Associates: Buy with a target of 42 and a stop loss of 37.8.
2) BHEL: Buy with a target of 165 and a stop loss of 152.8.
3) Hindalco: Buy with a target of 112 and a stop loss of 103.4.
11.20 a.m. Rohit Srivastava of Sharekhan remains bearish on markets. Markets should head to below 5,800. Huge reduction in FII positions and addition of 6.5 lakh puts indicate change in stance from long to short. Overall trend remains down. Nifty has resistance at 6,100.
11.15 a.m. Top brokerage calls for Friday.
Credit Suisse maintains outperform on Aban Offshore. Target Rs 615. Read more
Macquarie maintains outperform on Jubilant Life. Target Rs 150. Read more
Religare initiates buy on Glenmark. Target Rs 665. Read more
11.05 a.m. Ravikant Bhat, SBI Capital Markets: Prefer Punjab National Bank and Bank of Baroda among big PSU lenders and Syndicate Bank among midcaps. HDFC and HDFC Bank can be bought at current prices.
11 a.m. Markets flat after strong start. Sensex up 69 points or 0.34 per cent, Nifty holds 6,050, up 23 points. Rupee up marginally at 62.34 per dollar.
10.40 a.m. Idea Cellular down 2.5 per cent, Bharti Airtel down 1.25 per cent after positive start. (Read: Spectrum bids touch Rs. 52,700 crore on Day 4)
10.35 a.m. Motilal Oswal Securities' top stock picks: Tech Mahindra (strong results, attractive valuations); HDFC Bank (trading at lowest price earnings in last 10 years), PNB and BoB (asset quality issues peaking out); L&T, ACC (they have handled the downturn very well).
10.30 a.m. Markets off day's high.Sensex up 0.30 per cent or 60.55 points, Nifty at 6,053.50, up 17 points. Rupee at 62.35 per dollar.
10.20 a.m. Motilal Oswal Securities to NDTV: No expectations from interim budget or vote-on-account, but any changes in indirect taxes or any other specific measure will be viewed positively by markets. Most important data to track is the expenditure cut in the March quarter. (Read more)
10.15 a.m. Rajat Rajgarhia, Motilal Oswal Securities to NDTV: Market will be range bound between 6,000-6,400 till May 2014. Money will be made over the next three months.
10.10 a.m. Analysts say with Nifty taking support at 200 day moving average, any follow up buying by foreign institutional investors (FIIs) will help reverse the short-term trend which had turned down. (Read full story)
Market check at 10:00 a.m. Sensex up 122 points or 0.60 per cent at 20,433; Nifty up 34 points at 6,070. Rupee up at 63.36 per dollar.
09.40 a.m. ACC top Nifty loser, down 0.7 per cent. ACC's December-quarter consolidated net profit rose 10.5 per cent to Rs 276 crore against a consensus mean estimate of Rs 191 crore. India's second largest cement maker, which is part of the Swiss major Holcim, also declared a final dividend of Rs 19 per share on Thursday. (Track stock)
09.35 a.m. Aurobindo Pharma up 5 per cent on strong quarterly results. Q3 adjusted profit up 207 per cent year-on-year at Rs 416 crore versus Rs 136 crore. Sales up 41 per cent at Rs 2,134 crore. Sales beat largely driven by higher contribution of Cymbalta ( used to treat depressive disorder). US was key growth driver for the quarter, up 81 per cent. Ebitda margins at 30.1 per cent against 16.5 per cent year-on-year (Track stock).
09.25 a.m. Mehraboon Irani, Nirmal Bang says: Markets will be dictated by global events. Most domestic factors, including hopes of a Modi-led government post elections, are discounted. Growth likely to suffer over the next 1-3 quarters as the finance minister cuts spending to curtail deficit. A populist vote-on-account is likely. (Read: What to expect from vote-on-account)
Mehraboon's top stock picks: Tata Motors - buy around Rs 350-360 for a target of Rs 500 over 18 months. Also positive on Voltas, L&T, Bharat Forge and VST Tillers.
09.22 a.m. Market analyst Rajat Bose is cautious: This might just be a pullback rally unless FIIs start buying in a big way.
09.20 a.m. Top Nifty gainers: Jaiprakash Associates (1.85 per cent), Bank of Baroda (1.65 per cent), DLF (1.5 per cent). Top Nifty losers: For a change, just four stocks rae down on the Nifty. HUL (-0.6 per cent), ACC (-0.4 per cent), ITC, NTPC.
09.15 a.m. Markets open with 0.6 per cent gains. Sensex up 140 points, Nifty climbs above 6,075. Banks, metals lead.
09.08 a.m. Nifty outlook by Sarvendra Srivastava: Support at 5,930-5,950. Resistance at 6,100-6,130. Hold 6100 call positions.
09.05 a.m. Stock recommendations by Sarvendra Srivastava. These calls are valid for 5-8 working days unless specified.
1) NTPC: Buy with a target of 145 and a stop loss of 127.4.
2) Reliance Capital: Buy with a target of 345 and a stop loss of 309.4.
3) Tata Motors: Buy with a target of 380 and a stop loss of 344.8.
4) Tata Steel: Buy with a target of 385 and a stop loss of 348.8.
5) Titan: Buy with a target of 245 and a stop loss of 217.4.
09.00 a.m. Rupee opens higher at 62.30 as against Thursday's close of 62.37 per dollar. (Poll: Rupee likely to trade around 63/dollar in short to medium term)
08.45 a.m. Foreign institutional investors bought Rs 10.75 crore worth of shares in the cash market on Thursday. They had sold shares worth Rs 576 crore on Wednesday, bringing their total over the previous nine sessions - or roughly since the start of the emerging market selloff - to around $900 million.
08.30 a.m. What to look out for today? Data on US non-farm payrolls and India's advance economic growth estimates for 2013/14 will come out after markets hours. India's GDP may better estimates but US jobs data would give cues on how Fed would react to stimulus in future, which is of utmost importance to all emerging markets, said Deven Choksey, managing director at K R Choksey Securities.
08.20 a.m. Nifty futures on the Singapore Exchange indicate a strong start for markets on Friday. The SGX Nifty traded 46.50 points or 0.77 per cent higher at 6,101.50.
08.10 a.m. Rupee likely to open up tracking the euro, which traded at its highest level in a week.
08.00 a.m. Global cues are positive. Japan's Nikkei traded with 1.6 per cent gains. Overnight, a drop in applications for US unemployment insurance and strong earnings helped Wall Street shares post their best day of the year on Thursday while European shares also jumped. (Read the full story here)
07.00 a.m. Indian markets are likely to open higher on Friday. Trade has been extremely choppy over the past few days, but the Nifty has found support at its 200-day moving average. The Sensex rose 49.71 points on Thursday to end at 20,310.74, rising for a third consecutive session. The Nifty rose 0.23 per cent, or 13.90 points, to end at 6,036.30. (Read the full story here)
