1:21 p.m.: Shares of logistics firm Gati on Tuesday surged as much as 9.5 per cent after the company said it will invest in start-ups in the delivery space as the company tries to achieve its target of delivering 1 million packages per day by 2020.
On NSE, it jumped 9.57 per cent to Rs. 118.45. The express delivery and supply chain solutions firm is exploring strategies for growth to achieve its vision, it said in a regulatory filing yesterday.
1:19 p.m.: HCL Technologies announced signing of IT outsourcing deal with the Volvo Group. HCL also acquired Volvo's external IT business, adding 40 new customers from the Nordics and France to its portfolio. Shares gain 1.13 per cent to Rs 834.80.
1:15 p.m.: From the Nifty-50 basket of stocks, 34 stocks were declining while 16 were advancing. State Bank of India was the top loser in the Nifty, down 5 per cent to Rs 159.80. Bank of Baroda, BPCL, Punjab National Bank, Larsen & Toubro, Idea Cellular and Zee Entertainment were also among the losers, down 2.7-4.7 per cent each.
12:50 p.m.: Capital goods index fell nearly 2 per cent. Sadbhav Engineering, Alstom T&D, Sterlite Tech, BEL and Havells India were among the laggards.
12:37 p.m.: The stock markets extended losses in noon deals. The Sensex fell 158 points to 23,396 and Nifty declined 56 points to 7,107.
12:34 p.m.: Bank Nifty extended losses in the noon deals. The Bank Nifty fell 0.95 per cent; Bank of Baroda was the top loser, down 4.5 per cent to Rs 133.05. State Bank of India, Punjab National Bank, Canara Bank, Bank of India, Yes Bank and Axis Bank were also among the losers, down 1-4.2 per cent each.
12:19 p.m.: Supreme Infra, Sadbhav Engineering, Tree House Education, Pokarna, Flexituff International and Strides Shasun were among the top losers from the small-cap space, down 8.5-14.5 per cent each.
11:57 a.m.: Pharma stocks were among the worst hit in trades so far. The Nifty Pharma index was down 1.5 per cent; Piramal Enterprises, Sun Pharma, Divis Labs, Lupin, Glaxo SmithKline and Glenmark were among the top losers.
11:49 a.m.: Banking stocks are good shorting opportunities, says Ajay Srivastava, MD of Dimensions Consulting.
11:24 a.m.: The Sensex was down 119 points at 23,435 and Nifty was slipped 44 points to 7,119.
10:54 a.m.: Market breadth was marginally negative as 1,142 stocks were declining while 930 were advancing.
10:45 a.m.: Bank Nifty was down 0.5 per cent at 14,352; Bank of Baroda was the top loser from the banking space, down 3.9 per cent to Rs 133.90. Canara Bank, Punjab National Bank, Kotak Mahindra Bank, ICICI Bank and Yes Bank were also among the losers.
10:36 a.m.: Page Industries was the top loser from the mid-cap space, down 6 per cent to Rs 10,117. Mphasis, Piramal Enterprises, Bajaj Finance, United Breweries, Tata Chemicals and Alstom T&D were also among the losers, down 3-6 per cent each.
10:07 a.m.: CLSA has a 'buy' call on Infosys for target of Rs 1,325/share. CLSA says Infosys will outshine among peers and expects Q4 results driving up re-rating.
9:54 a.m.: Broader markets were also witnessing selling pressure. The BSE mid-cap index slipped 0.75 per cent and the small-cap index was down 0.32 per cent.
9:51 a.m.: Do not see immediate re-valuation of markets, says Mehrab Irani, general manager of Tata Investments Corporation.
9:48 a.m.: Selling pressure was visible across the sectors. Banking, metal, IT, capital goods, FMCG and healthcare stocks were among the worst performers.
9:43 a.m.: Selling pressure picked up pace in the morning trades, the Sensex fell as much as 129 points to 23,424.94 and 50-share Nifty slipped 39 points to 7,123.
9:25 a.m.: Sensex rose as much as 138 points and Nifty moved above its crucial psychological level of 7,200 in the opening trades but soon came off the intraday high levels.
Buying was seen in select BSE oil & gas, metal, realty, auto, power and banking stocks. On the other hand, capital goods and IT stocks were witnessing selling.
From the Nifty-50 basket of stocks, 33 stocks were advancing while 17 were declining.
Cairn India was the top gainer in the Nifty, up 3 per cent to Rs 128.90. ONGC, Adani Ports, Hindalco, ONGC, NTPC, Idea Cellular and Bharti Airtel were also among the gainers.
Bank of Baroda which rallied 25 per cent yesterday was the top loser down 3.55 per cent to Rs 134. Coal India, L&T, Maruti Suzuki, Infosys, HCL Technologies, HDFC, Zee Entertainment and BPCL were also among the laggards.
8:15 a.m.: The Sensex and Nifty are likely to open higher in trades on Tuesday tracking gains on Nifty futures traded on the Singapore Stock Exchange amid firm global cues.
The Nifty futures traded on the Singapore Exchange also known as the SGX Nifty was up 0.46 per cent or 33 points at 7,207.
Meanwhile, other Asian markets were also trading on a firm note. Japan's Nikkei advanced 0.88 per cent, Hong Kong's Hang Seng rallied 1.45 per cent and China's Shanghai Composite surged 2.47 per cent.
On Monday, European stocks rose 2.9 per cent, having shed nearly 10 per cent over the last two weeks. US financial markets were closed for a national holiday but globally-traded US stock futures rose 1.5 per cent.
US retail sales data published on Friday showing firm growth allayed fears - at least for now - that the US economy could be dragged into recession as growth stumbles in many parts of the world.
Back home, foreign institutional investors continued to sell Indian shares in the cash segment. On Monday, FIIs sold shares worth Rs 1,311.59 crore while domestic institutional investors bought shares worth Rs 1,987.45 crore.
Below are the stocks which will be in focus today:
ICICI Banks: The bank plans to raise Rs 50,000 crore from bonds.
Reliance Communications: Reports suggest that the merger deal between Aircel and Reliance Communications may run into debt hurdle.
Reliance Industries: Reliance Industries' telecom arm Reliance Jio has partnered with 8 telecom companies across the world.
Just Dial: The company has received final observations from SEBI for buyback offer. Just Dial will dispatch the letter to eligible shareholders before Feb 18, 2016 and the record date for buyback was set at Dec 4, 2015.
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