MarketExpress Live: MCX to launch options trading in gold on Dhanteras; Gujarat, Maharashtra slash petrol, diesel price

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Updated: October 10, 2017 5:54:53 PM

The key equity indices -- Sensex and Nifty -- opened slightly higher on Tuesday as most of the Asian shares rose in the early trade today.

Bombay Stock Exchange building. (Image: Reuters)

The key equity indices — Sensex and Nifty — opened slightly higher on Tuesday as most of the Asian shares rose in the early trade today. The optimism about the better-than-expected second quarter earnings for the financial year 2018 and macroeconomic data also brought up the market sentiments. The benchmark Sensex rose as much as 111 points to hit the day’s high of 31,957.61 after opening 64 points higher at 31,910.82. The broader Nifty 50 jumped 30 points to mark the day’s high of 10,019.3 points after starting 25 points higher at 10,013.7. Investors are keenly awaiting for the second-quarter earnings starting with TCS on 12 October and Reliance Industries on 13 October. The macroeconomic data such as Index of Industrial production (IIP) for August and inflation numbers for September are also due on Thursday.

5.41 pm: MCX Dhantesras gift: Will launch options trading in gold on October 17: Multi Commodity Exchange of India will launch first options contract with favourite precious metal gold on the day of Dhanteras that is on October 17.

3.55 pm: Sensex settles above 31,900; Nifty ends above 10,000-level after 11 trading sessions: Sensex and Nifty closed higher in a range-bound trade again on Tuesday followed by the value buying in the blue-chip stocks ahead of the festival season.

3.27 pm: Cochin Shipyard bags Rs 5,400 crore Indian Navy contract; stock hits all-time high, jumps 13%: Shares of Cochin Shipyard advanced over 13% on Tuesday after the company bagged Rs 5,400 crore contract from Indian Navy.

3.29 pm: Facebook India head Umang Bedi logs out; Sandeep Bhushan signs in: Umang Bedi, who joined the leading social media giant Facebook, as Managing Director, India and South Asia in June 2016, has decided to move on from the company.

3.06 pm: Maharashtra follows Gujarat to cut VAT on petrol, diesel; here’s how much you will save nowAfter Gujarat, the Maharashtra government has also slashed VAT on retail fuel, reducing petrol and diesel prices by Rs 2 per litre and Re 1 per litre respectively.

2.23 pm: Indian Energy Exchange IPO subscribed 30% on day 2 so far; high interest from retail investors: The (Initial public offering) of Indian Energy Exchange which opened on 9 October for subscription was subscribed 30.19% on as the second-day bidding progresses.

1.56 pm:  India’s third biggest issue, Rs 11,370 crore GIC Re IPO opens tomorrow: Should you subscribe?: Most brokerages have a subscribe rating on the issue of General Insurance Corp of India (GIC Re) Rs 11,370 crore IPO, given the positives such as leadership position, well managed investment book and robust balance sheet.

1.16 pm: Rs 1 lakh crore IPO: The exclusive club of highest money mobilising public issuesIPOs have seen a higher-than-expected response from all investors classes in 2017, be it institutions or retail. We look at the only nine companies which feature in the list of IPOs that have garnered over Rs 1 lakh crore so far.

1.13 pm: Buy these 5 stocks under Rs 200 on Dhanteras to turn your money into gold: As India is heading up for the biggest festival week, starting with Dhanteras, everybody would be wondering about money making ideas. We bring you five stocks under Rs 200 which may turn your money into gold on the auspicious occasion of Dhanteras.

12.45 pm: Nomura, Edelweiss cheer for Future Retail post HyperCity acquisition: Nomura and Edelweiss reiterated their bullishness on the shares of Future Retail, after the company announced the acquisition of K Raheja Group’s HyperCity for Rs 655 crore.

12.30 pm: Gujarat cuts VAT on fuel; here’s how much you’ll save on petrol, diesel if other states cut tax as well: Gujarat Chief Minister Vijay Rupani today announced that the state government has cut the retail VAT on fuel by 4%, which will bring the prices of petrol and diesel down by Rs 2.93 and Rs 2.72 respectively. We take a look at how much the petrol and diesel price may fall if other states also cut VAT rates by 5 percentage points.

11.53 am: Ahead of Q2 earnings, should you buy or sell these top IT stocks?: Global research and brokerage firm CLSA expects subdued demand to affect earnings in the IT sector for the quarter July to September 2017. CLSA maintained a buy call on the shares of HCL Technologies, Infosys, TCS and Wipro.

11.12 am: It’s official! Tata Sons considering buying Air India, says chairman N Chandrasekaran: In an interview to CNBC-TV18, the Natarajan Chandrasekaran said that the group is planning to expand its aviation business and will “definitely look at” buying state-run Air India.

11.09 am: Uday Kotak backs GST, says problems only transitional: One of India’s leading bankers, Uday Kotak has vehemently supported the GST and Insolvency and Bankruptcy Code (IBC) as fundamentally transformative policies.

10.53 am: How RBI’s NPA resolution is making India fairer and less corrupt: RBI’s thrust on cleaning up the entire system off bad loans has had very positive ripple effects, as India’s entrepreneurs are now raising more equity, and bearing consequences of their erstwhile reckless actions.

11.05 am: Tata Teleservices stock crashes 14% on Chandrasekaran’s tough call warning: Shares of Tata Teleservices Maharashtra tumbled on Tuesday after the Tata Sons Chairman N Chandrasekaran said that he would take a “tough call” about the telecom business in this financial year.

9.52 am: Infosys share surge 1% on buyback record date announcementShares of India’s IT bellwether Infosys surged by more than 1% on Tuesday morning, after the company fixed November 1, 2017, as the record date for its share buyback programme yesterday.

9.43 am: Sensex clinches up 100 points; Infosys shines on fixture of buyback record date: Sensex and Nifty opened marginally higher on Tuesday as optimism about the better-than-expected second quarter earnings for the financial year 2018 and macroeconomic data grew.

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