MarketExpress live: Sensex settles flat, GAIL helps Nifty to end 20 points higher; natural gas price hiked

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Updated: September 29, 2017 6:09:21 PM

The key equity indices -- Sensex and Nifty -- opened higher on Friday after a choppy trade through the week. BSE Sensex gained 85 points to open at 31,367.25 points and NSE Nifty added 45 points to start at 9,814.3 points.

Bombay Stock Exchange building. (Image: Wikimedia Commons)

The key equity indices — Sensex and Nifty — opened higher on Friday after a choppy trade through the week. BSE Sensex gained 85 points to open at 31,367.25 points and NSE Nifty added 45 points to start at 9,814.3 points. Most of the Asian shares also advanced in the early trade today after a tough week in which the gathering risk of a US rate rise which lifted the Treasury yields toward nine-year highs and boosted borrowing costs across the region. Wall Street ended higher on Thursday, with the S&P 500 posting a record on gains in McDonald’s and healthcare names, while investors continued to hope President Donald Trump will be able to make progress on tax reform.

5.56 pm: Fiscal deficit touches 96.1% of Budget estimates at August-end: The Centre’s fiscal deficit during the first five months (April-August) of the current fiscal was 96.1% of the Budget estimates at Rs 5.25 lakh crore, much higher than in the same duration a year ago.

5.54 pm: Best performing 8 mid-cap stocks of first half of FY 2017-2018: We take a look at eight stocks which have overtly outperformed the benchmark indices — Sensex and Nifty — in the first half of FY 2017-2018 and have returned at least 30%.

5.16 pm: Mumbai high-rise office costlier than Dubai: Mumbai’s rank is 16th on the world map, but international property consultant Knight Frank has said that the dream-city is getting costlier at a much faster rate in the real estate market — leaving behind London, Hong Kong and Tokyo.

5.08 pm: India hikes natural gas price for first time in 3 years; CNG, PNG bills set to rise?: India has raised the price of natural gas to $2.89 per mmBtu for October-March 2017-18, making it the first hike in three years after seven straight cuts.

4.46 pm: Three golden rules for making money in the stock market: Angel Broking: While most investors may be aware of the phrase “Sell on greed and buy on fear,” it becomes difficult to put the same to practice.

4.06 pm: Sensex settles flat, GAIL helps Nifty to end 20 points higher; NSE index rejigged: The key equity index Sensex ended flat while GAIL helped Nifty to finish on a positive note on Friday. The benchmark indices traded higher till the late afternoon trade but pared gains to close with minimal upside today.

3.31 pm: Nifty rejig today: 4 stocks out but only 3 in; major changes in a nutshell: The broader equity benchmark of National Stock Exchange — Nifty — witnessed a shuffling on Friday. Take a look at the notable changes among the indices.

2.54 pm: HDFC Securities bullish on oil marketing companies as government keeps hands off: HDFC Securities said on Friday it is bullish on the future prospects of state-run oil marketing companies due to the Narendra Modi government’s tendency of not interfering in their day-to-day functioning.

1.50 pm: Morgan Stanley’s top stock picks in India consumer and financials on Sensex journey to 1 lakh: Morgan Stanley has been bullish on the Indian stock markets and now it expects domestic consumer and financial sector to perform well in the coming years. We take a look at 10 of Morgan Stanley’s stock picks in the two sectors.

1.34 pm: Soon, sell your ancestral gold over BSE-like exchange: You may soon be able to sell your ancestral gold over a BSE-like platform, as the World Gold Council plans to form a committee to help set up India’s first physical gold exchange.

1.03 pm: Is your CNG, PNG bill set to rise? Here’s what unified gas tariff may mean for you: The Petroleum And Natural Gas Regulatory Board (PNGRB) on Friday floated a consultation paper on unifying the different tariffs charged by the natural gas companies.

11.49 am: Another support pillar for Narendra Modi: NITI Aayog’s VC demonstrates how economy is far from tailspin: Rajiv Kumar, the Vice Chairman of NITI Aayog says that Indian economy is far from gloom and doom. Further, Rajiv Kumar said that the impact of demonetisation is over, and the quarterly growth should rebound in the next quarter.

10.48 am: After Deutsche Bank, CLSA says buy this Rakesh Jhunjhunwala stock: Global firms such as CLSA and Deutshce Bank are bullish on Titan Ltd, which forms a significant part of the Rs 10,000 crore portfolio of Rakesh Jhunjhunwala.

10.40 am: GAIL India shares surge 8% as PNGRB proposes unified pipeline tariff: GAIL India’s shares were trading at Rs 426.30 up by 7.58% on Friday morning.

10.02 am: Kotak Securities bullish on IRB Infra after transfer of Pathankot–Amritsar project: Kotak Securities has maintained a buy call on IRB Infra after the company is set to raise Rs 544 crore by transfer of its Amritsar-Pathankot Project to IRB InvIT.

9.55 am: Sensex tops 31,450, HDFC Bank leads gains; Rupee recovers, adds 22 paise vs US dollar: The key equity indices — Sensex and Nifty — opened higher on Friday after a choppy trade through the week. Within minutes of trading, the benchmark Sensex rose 170 points to hit the day’s high of 31,452.77 points.

9.16 am: Stocks of Bajaj Finance, HPCL, SBI, Titan will be in focus today: Sensex and Nifty are likely to open higher on Friday as most of the Asian shares gained in the early trade today after a tough week.

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