The S&P 500 opened lower by 4.69 points, or 0.14%, at 3,289.92. The Nasdaq Composite dropped 4.91 points, or 0.04%, to 10,897.89 at the opening bell. The Dow Jones Industrial Average rose 0.21 points at the open to 26,664.61.
If Nifty manages to hold above 11,050 level, then buying interest could emerge and take it towards 11,250 level, while on the downside support exists in the 10,900-10,880 zone.
Stay stock specific in this market: Ajit Mishra, VP - Research, Religare Broking
We believe Indian markets would continue to take cues from global peers and the upcoming RBI policy would the next major trigger. At the same time, as more companies would announce its Q1FY21 earnings, stock-specific action would continue to induce high volatility. We reiterate our advice to focus on stock selection and risk management.
This is how the 30-pack Sensex moved in today's session. It touched a high of 37,745.60 and a low of 36,987.73 to finally settle at 37,687.91.
CLOSING BELL: RIL, HDFC duo send Sensex 748 points higher; Nifty tops 11,100, snaps 4-day losing run; Maruti, Axis Bank rise 3% each
RIL, HDFC Bank lead the market rally
19 of 30 Sensex stocks end the day in the green
Index contributors: RIL, HDFC Bank, HDFC, ICICI Bank, Axis Bank
Top Index gainers: RIL (7.51%), HDFC Bank (3.85%), Maruti (3.15%)
Top Index losers: TechM (2.75%), IndusInd Bank (2.01%), HCL Tech (1.88%)
S&P BSE Energy biggest sectoral gainer, up 5.60%
S&P BSE Information Technology biggest sectoral loser, down 0.73%
Volume toppers: RIL, HDFC Bank, Bajaj Fin, ICIC Bank, IndusInd Bank
Forex Center: This is how the major currencies are faring against each other
S&P BSE Finance up nearly 2%. This is how the index stocks are faring
Here are the top gainers and losers in the real estate sector
Price as on 04 Aug, 2020 02:02 PM, Click on company names for their live prices.
July exports reach almost last year's level: Goyal
Showing signs of significant improvement, the country's exports in July have reached almost the level of the corresponding month last year, Commerce and Industry Minister Piyush Goyal said on Tuesday. He said several indicators are reflecting that the economic activities are reviving in the country.
These are the top losers in the software IT space
Price as on 04 Aug, 2020 01:39 PM, Click on company names for their live prices.
Dilip Buildcon on Tuesday said it has bagged a road project worth Rs 1,140.50 crore in Telangana. "The company has been declared as L-1 bidder in the tender floated by the National Highways Authority of India for the...project in the state of Telangana," the company said in a filing to the BSE. The company informed exchanges that the project is worth Rs 1,140.50 crore.
Steel Strips Wheels bags orders worth $1.3 mn
Price as on 04 Aug, 2020 12:26 PM, Click on company names for their live prices.
Shares of mid-tier IT company KPIT Technologies NSE 4.96 % hit an upper circuit with 5 per cent gain on Tuesday morning amid a weakness among the stocks of its top-tier peers. While the company’s June 2020 quarter performance was significantly affected due to the impact of the Covid-19 pandemic on the major operating vertical of automobiles, its management expects to return on the growth track by the December quarter.This together with a traction in new deal wins during the June quarter has attracted investors.
Here are the top gainers in the power sector
Price as on 04 Aug, 2020 12:12 PM, Click on company names for their live prices.
India's July gold imports drop 24% YoY as prices surge to record: Govt source
India's gold imports in July fell 24 per cent from a year earlier as a rally in local prices to a record high curtailed retail purchases amid lockdown in many towns to curb the spread of the coronavirus, a government source said on Tuesday.
We are saying if you are a modestly long term investor, willing to take a bet till January or early next year, banking is the place to be where you have valuation comfort. Near term flows will impact stocks but eventually valuation is where you should be anchored, says Mukul Kochhar, Head of Equities, Investec Capital Services.
Shares of YES Bank climbed 2 per cent in Tuesday's trade after the rating agency Moody's Investors Service upgraded the private lender's long-term foreign-currency issuer rating to B3 from Caa1. The rating change came after the bank raised Rs 15,000 crore in equity capital. Following the development, the stock rose 2.25 per cent to Rs 12.25 on BSE. The scrip had gained half-a-per cent in the previous session.
Sensex surges 500 points; HDFC Bank, RIL together add 400 points
I-Sec maintains HOLD on Kensai Nerolac; target price at Rs 460
"We model revenue and PAT CAGRs of 5.4% and 8.9% respectively over FY20-22E. RoE is expected to be above cost of capital in FY22. While revenue performance is likely to be weaker in FY21, we note tailwinds such as: (1) market share gains from smaller/unorganized sector in FY21-22; and (2) lower input prices. Maintain HOLD with a target price of Rs 460 (40x FY22E)," ICICI Securities said.
RBI approves appointment of Sashidhar Jagdishan as HDFC Bank CEO: Sources
Price as on 04 Aug, 2020 10:05 AM, Click on company names for their live prices.
Top Sensex contributors: RIL, HDFC twins
Over 20 lakh Greenlam shares trade in multiple blocks at Rs 585 per share (Source: ET NOW)
Price as on 04 Aug, 2020 09:27 AM, Click on company names for their live prices.
YES Bank, Tata Motors, SBI among most active stocks on NSE
Price as on 04 Aug, 2020 09:23 AM, Click on company names for their live prices.
Nifty futures on the Singapore Exchange traded 42points, or 0.38 per cent higher at 10,953.50, in signs that Dalal Street was headed for a positive start on Tuesday.
Tech View: Nifty support at 11,858
Nifty50 on Monday saw heavy selling pressure after decisively breaking below its crucial support in the 11,080-11,000 range. The index closed below the 10,900 level and now has support at its 200-day moving average at 10,858. Analysts said a failure to hold above this level could drag Nifty50 towards the 10,700 mark. Defending it would be key for Nifty to move back to the 11,000-11,080 range, they said.
Hong Kong, China stocks gain in early trade
Hong Kong stocks kicked off Tuesday with gains, tracking rises in Europe and the United States, and following a drop in the number of new infections in the city. The Hang Seng Index added 0.84 percent, or 206.47 points, to 24,664.60. The benchmark Shanghai Composite Index edged up 0.25 percent, or 8.47 points, to 3,376.44, while the Shenzhen Composite Index on China's second exchange rose 0.13 percent, or 3.07 points, to 2,318.51.
Japan stocks open higher on cheap yen, US rallies
Japan stocks opened higher on Tuesday, extending the rallies of the previous session as a cheap yen and gains on Wall Street supported market sentiment. The benchmark Nikkei 225 index was up 0.98 percent or 218.00 points at 22,413.38 in early trade, while the broader Topix index advanced 1.18 percent or 17.94 points to 1,540.58.
US stocks rise as tech sector leads
US stocks ended higher, bolstered by strong gains in big tech names. On Monday, the Dow Jones Industrial Average rose 236.08 points, or 0.89 per cent, to 26,664.40. The S&P 500 was up 23.49 points, or 0.72 per cent, to 3,294.61. The Nasdaq Composite Index increased 157.52 points, or 1.47 per cent, to 10,902.80.
Rupee skids 20 paise to settle at 75.01 against dollar
The Indian rupee on Monday slid 20 paise to close at 75.01 to the US dollar, weighed down by lacklustre equities and concerns over continuous surge in COVID-19 cases in the country. Starting off the session on a weak note, the domestic unit swung between a high of 74.88 and a low of 75.03. It finally ended at 75.01, registering a loss of 20 paise against the greenback.
Sensex, Nifty on Monday
The 30-share BSE Sensex, which opened in the red, stayed in the negative zone throughout the session to close at 36,939.60, down 667.29 points or 1.77 per cent. Similarly, the NSE Nifty tumbled 181.85 points or 1.64 per cent to end at 10,891.60. The Sensex has now lost 1,553.35 points in four days, while the Nifty has shed 408.95 points.
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