Sensex opens in green on renewed buying; up 58 points

The benchmark BSE Sensex recovered nearly 58 points in early trade on Monday, supported by fresh buying in select blue-chip stocks on positive investor sentiment triggered by the appointment of Urjit Patel as the next RBI Governor.The 30-share index was trading higher by 57.53 points or 0.20 per cent at 28,134.53 with oil&gas, banking, realty, power, FMCG, PSU and capital goods, trading in the green with gains up to 0.77 per cent.

Rupee slips 18 paise vs USD in early trade

The rupee traded lower by 18 paise at 66.90 against the US dollar in early trade on Thursday. (Representative image)

MUMBAI: The rupee was trading lower by 18 paise at 66.90 against the US dollar in early trade on Thursday on higher demand for the American currency from importers and banks amid a lower opening in the domestic equity market.

Dealers attributed the rupee's fall to increased demand for the US currency, but dollar's weakness against some currencies overseas restricted the losses.

The rupee had ended higher by 12 paise at 66.72 against the US currency in Wednesday's trade on dollar selling by banks and exporters on the back of persistent foreign capital inflows.

Meanwhile, the benchmark BSE Sensex fell 73.70 points or 0.27 per cent to 27,701.18 in early deals.

Top 5 stocks buzzing on Dalal Street today

The S&P BSE Sensex on Tuesday fell over 150 points to slip below its crucial 28,000 level, while the broader Nifty50 went below its key 8,650 mark.
The headline indices declined tracking muted trend seen in Asian markets after the US worker productivity fell for the third straight quarter in June.

Here are the top 5 buzzing stocks for the day:

Aptech
The shares of Aptech Ltd jumped 4.7 per cent amid news reports that ace investor Rakesh Jhunjhunwala bought 7,00,000 shares in Aptech on Tuesday.

Adani Ports
The shares of Adani Ports and Special Economic Zone Ltd rose 5.40 per cent at Rs 252.60 after it declared a 31 per cent jump in net profit in the June quarter.
UCO Bank
The state-run bank recorded the third quarterly loss at Rs 440 crore because of a rise in sticky loans. The shares of UCO fell 5.9 per cent to Rs 40.20
Jubliant Life Sciences Ltd
The shares of Jubliant Life Sciences surged 11.3 per cent as the company's quarterly results posted a 22 per cent jump in net profit.

Godrej Industries
Godrej Industries is planning to launch 12 projects, including phases of the exsisting ones, by March-end. However, the shares of Godrej slipped over 2 per cent hitting an intra-day low of Rs 388.95 

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Sensex trades flat in early trade, down 31 points

The benchmark BSE Sensex shed over 31 points in early trade today on selling in banking and IT stocks by investors after recent gains amid mixed Asian trends.Investors were cautious ahead of July series expiry in the derivatives segment on Thursday, brokers said.The 30-share barometer, which had gained 384.82 points in the previous two sessions, fell by 31.39 points or 0.11 per cent to 28,063.95.
Among major losers on BSE were Lupin, HDFC Ltd, Axis Bank, Dr Reddy's, Hero MotoCorp, Infosys, HDFC Bank and ICICI Bank, which fell up to 0.78 per cent in early trade.
Stocks of Maruti Suzuki too fell 0.61 per cent to Rs 4,582.80, ahead of its quarterly earnings to be released l+ater in the day.
Brokers said trimming of positions by participants to book profits amid a mixed trend at the other Asian markets taking negative lead from US markets and another fall in oil prices ahead of closely watched US and Japanese central bank meetings, influenced sentiments.
In Asian markets, Hong Kong's Hang Seng was up by 0.81 per cent, while Japan's Nikkei fell by 1.55 per cent in early trade today. Shanghai Composite index rose 0.40 per cent.
The Dow Jones Industrial Average ended 0.42 per cent lower in yesterday's trade.
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Among major losers on BSE were Lupin, HDFC Ltd, Axis Bank, Dr Reddy's, Hero MotoCorp, Infosys, HDFC Bank and ICICI Bank, which fell up to 0.78 per cent in early trade.
Stocks of Maruti Suzuki too fell 0.61 per cent to Rs 4,582.80, ahead of its quarterly earnings to be released l+ater in the day.                                                                                                                                        In Asian markets, Hong Kong's Hang Seng was up by 0.81 per cent, while Japan's Nikkei fell by 1.55 per cent in early trade today. Shanghai Composite index rose 0.40 per cent.The Dow Jones Industrial Average ended 0.42 per cent lower in yesterday's trade.

Gold loses sheen, dips below Rs 31,000 on global cues

Gold prices slumped by Rs 170 to trade at Rs 30,930 per ten grams at the bullion market today in tandem with a weak trend overseas amid muted demand from jewellers at spot market                                           Silver also plunged by Rs 900 to Rs 46,300 per kg on reduced offtake by industrial units and coin makers.

Rupee recovers 8 paise to end at 66.91 against dollar

The rupee on Thursday recovered by 8 paise to close at 66.91 a dollar on foreign capital inflows and selling of the US currency by banks and exporters.

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Fresh bout of dollar selling by exporters and persistent foreign capital inflows largely aided the recovery despite high volatility in domestic equities, a forex dealer said.

Daily Indian Stock Market Report For 02.08.2016

 
L&T, ICICI Bank drag Sensex marginally lower, Nifty below 8700:-Nifty down
0.02 percent to 8636.55, while the BSE Sensex up 0.17 percent to 28003.12. Indian shares
edged lower on Monday, retreating from earlier gains as
investors booked profits and as ICICI Bank (ICBK.NS) slumped after posting
disappointing results. ICICI Bank lost 5.1 percent as its results fell short of estimates
late on Friday. Other lenders also fell, with State Bank of India (SBI.NS) ending down
0.9 percent.Read More