Indian markets opened cautious ahead of key macroeconomic data to be announced later today including inflation figures — WPI (wholesale price index) for food, fuel and manufacturing, bank loan growth, foreign exchange reserves position, deposits growth, industrial and manufacturing production. Meanwhile, Asian shares inched up today, hobbled by a downbeat day on Wall Street but still on track for weekly rises, while oil prices extended gains on the hope of output cuts.
Here are the live updates:
04:30 pm: BSE Sensex edged lower on Friday, after hitting record highs in the previous two sessions, as investors turned cautious ahead of inflation data and booked profits in recent outperformers. The S&P BSE Sensex ended at 30,188, down 62 points, while the broader Nifty50 settled at 9,401, down 21 points. (Read More)
01:50 pm: Markets remain subdued, BSE Sensex down 0.17% at 30,200.27 points; NSE Nifty down 0.26% at 9,398.3 points. Yes Bank (down 4.75%), Zee Entertainment (down 3.21%), Asian Paints (down 2.73%) shares drag on NSE.
01:30 pm: Major sectoral indices of NSE feel the heat, Bank Nifty (down 0.61%), Fin Service Nifty (down 0.66%), FMCG Nifty (down 0.48%), Pharma Nifty (down 0.96%), Media Nifty (down 1.84%), trade in red.
01:00 pm: Nine out of twelve stocks in Bank Nifty trade in red; index down 0.68% at 22,663.45 points. Sensex, Nifty stay cautious ahead of macroeconomic data; Sensex down 0.28% at 30,165.66 points, Nifty 50 down 0.37% at 9,387.35 points.
12:45 pm: Gold prices rose by 0.10 per cent to Rs 28,150 per 10 gram in futures trade as participants created fresh positions, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in far-month August rose by Rs 29, or 0.10 per cent, to Rs 28,150 per 10 gram, in a business turnover of one lot. (Read More)
12:30 pm: Sandeep Bhatia, Head – India Equities, Macquarie Capital Securities, has said that a revival in corporate earnings growth is imminent, which will drive further up move in the markets. “In India, we have gone through a lot of painful fiscal restructuring exercise,” Bhatia said in an interview to BTVi. (Read Full Story)
12:15 pm: The S&P BSE Sensex came down from its record peaks, slipping 52.28 points amid profit-booking in recent gainers from healthcare, telecom, banks, financials, FMCG and consumer durable sectors as caution crept ahead of key government macro data to be released later today. The industrial production data (IIP) for March and April inflation data based on consumer price index (CPI) will be announced after market hours today, while weak Asian trend also dampened sentiments. (Read More)
12:00 pm: Markets extends the loss, BSE Sensex down 0.22% at 30,189.49 points while Nifty 50 down 0.37% at 9,387.8 points. Infosys and Hero Moto Corp still strong, up 1.67% and 1.56% respectively; Asian paints drag, down 2.93%.
11:35 am: Anil Ambani-led Reliance Infrastructure shares soared over 6 per cent on Friday after its arm Delhi Airport Metro Express Private Limited (DAMEPL) won an arbitration case and fetched the company a compensation of Rs 2,950 crore against DMRC. AT 10.54 am, share price of the company was trading 3.63 per cent up at Rs 613.45. The share price opened at Rs 630 and touched a high and low of Rs 630 and Rs 608, respectively, in trade so far. (Read Full Story)
11:15 am: Markets remain fragile, BSE Sensex down 0.11% at 30,217.96 points while Nifty 50 down 0.16% at 9,407.65 points. Infosys, Hero Moto Corp shares continue to lead Nifty 50, up 1.68% and 1.56% respectively.
10:40 am: The broader CNX Nifty 50 opened slightly higher before slipping 0.32% to trade at 9,392.70 points at the same time. Besides, optimistic buying by investors ahead of macroeconomic data — industrial production numbers for March and inflation data for April based on consumer price index (CPI) — to be announced later in the day, too buoyed sentiments, brokers said. (Read Full Story)
10:30 am: Markets continue to trade in red, BSE Sensex down 0.14% 30,208.35 points while Nifty 50 down 0.19% at 9,404.95 points. Hero Moto Corp and Infosys shares lead on Nifty 50.
10:15 am: The rupee advanced 12 paise to 64.26 against the US dollar in early trade at the Interbank Foreign Exchange today on increased selling of the dollar by banks and exporters besides a sustained foreign fund inflow. Weakness in the dollar against other currencies overseas supported the rupee.
10:05 am: State Bank of India on Thursday informed the bourses that its board will consider stake sale of 12 per cent in SBI Life. Of that, State Bank of India will sell 8 per cent and BNP Paribas Cardif will sell 4 per cent. (Read More)
10:00 am: Markets fall, all the major indices subdued in the opening bell, BSE Sensex down 0.17% at 30,199.23 points while Nifty 50 down 0.25% 9,398.9.
09:35 am: Markets turns dim ahead of the macroeconomic data release, BSE Sensex feels the heat, down 0.19% or 93 points at 30,192.28 points while NSE Nifty 50 down 0.16% or 29 points at 9,407.4 points. Infosys, Tata Motors, NTPC shares leads on Sensex.
09:20 am: Indian markets opens flat today, the benchmark Sensex up 0.11% at 30,285.61 points while the Nifty 50 up 0.15% at 9436.65 points.