Thursday 21 February 2019

Market Live: Indices start the day on a flat note with Nifty below 10,750; PSU banks in focus


Tata Steel gains: Shares of Tata Steel gained 1.2 percent in the early trade on Thursday after Moody’s Investors Service has upgraded long term corporate family rating (CFR) by one notch to Ba2 from Ba3.

Gold Update: Gold prices were firm near a 10-month peak on February 22 , with the dollar holding steady in the wake of minutes from the latest US Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year.

Market Opens: It is flat start for the benchmark indices on Thursday with Nifty hovering around 10,750 mark

The Sensex is up 7.59 points at 35763.85, while Nifty is down 5.30 points at 10730.20. About 428 shares have advanced, 333 shares declined, and 42 shares are unchanged. 

Tech Mahindra, Allahabad Bank, ICICI Bank, SBI, Indiabulls Housing, are among major gainers, while losers are Reliance Power, BPCL, HPCL, IOC, Bharti Airtel, Vodafone Ida, TCS and Yes Bank,

Rupee Opens: The Indian rupee opened marginally higher at 71.07 per dollar on Thursday versus previous close 71.11.

Market at pre-open: Indian indices are trading firm in the pre-opening session with Nifty above 10,750.

At 09:01 hrs IST, the Sensex is up 109.50 points or 0.31% at 35865.76, and the Nifty up 16.50 points or 0.15% at 10752.

SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 24.50 points or 0.23 percent. Nifty futures were trading around 10,742.50-level on the Singaporean Exchange.

Asia shares trade steady​: Asian shares held near 4-1/2-month highs on Thursday after US Federal Reserve minutes affirmed it would be "patient" on interest rate rises and risk assets got a lift from hopes of further progress in US-China trade talks.

Wall Street ends higher: US stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the US central bank would be "patient" with respect to further interest rate hikes.

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Source: Moneycontrol

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