Sensex live: Stock Market LIVE Updates: Sensex gains ground in afternoon trade, rises 250 points; Nifty near 17,600; smallcap index outperforms

Sensex Today Live Updates: Indian shares struggled for direction early on Friday, swinging between gains and losses, as investors awaited a critical US jobs data to get clues on how aggressively the Federal Reserve will raise interest rates.

“Markets are technically in an overbought territory. Headlines over China-Taiwan will keep markets under pressure and US jobs data will be crucial to watch out. Overall, markets are under selling pressure,” said Prashanth Tapse – research analyst, senior VP (research ), Mehta Equities Ltd.

Analysts expect that 285,000 US jobs were added last month, while unemployment hovered at 3.5%. Investors may not like a strong number if it supports the basis for a continuation of aggressive rate hikes by the US central bank.

“Domestically, data remains strong and we will see cooling down in inflation with crude prices below $90 a barrel and that will help markets to be stable,” Tapse said.

Despite a volatile week, foreign investor inflows continued in the domestic market. This week saw inflows of $776.86 million as of Thursday, with $534.34 million being pumped in the previous session.

NTPC shares gained as much as 3.55% after a report said the Indian government has allowed public sector enterprises to import items for renewable energy projects from countries, including China. (

Shree Cement fell 2.5% and was the top drag on Nifty 50 after National Stock Exchange (NSE) said the stock will be removed from the blue-chip index, effective close of Sept. 30.

Adani Enterprises rose as much as 1.8% after NSE said conglomerate Adani Group’s holding company will be added to the Nifty 50 index, effective Sept. 30.

Meanwhile, Moody’s Investors Service on Thursday lowered its 2022 growth forecast for India to 7.7% from 8.3% last year, citing rising interest rates, uneven distribution of monsoons and slowing global growth.

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Suven Pharma Board declares interim dividend of Re 1 per equity share and special dividend of Rs 5 per equity share

Price as of 02 Sep, 2022 01:57 PMClick on company names for their live prices.

SpiceJet likely to receive around Rs 225 cr as part of ECLGS; funds likely to be used to clear dues and lessor payments: ET NOW

Price as of 02 Sep, 2022 01:38 PMClick on company names for their live prices.

European shares nudge higher after rollercoaster week

European stocks reclaimed some lost ground on Friday following a brutal week underlined by mounting concerns over the energy crisis, red-hot inflation data and sharply higher bets of an aggressive rate hike by the European Central Bank due next week.

The pan-European STOXX 600 rose 0.7%, snapping five sessions of losses, although the index was set for a weekly loss of nearly 4% – its third straight weekly decline.

Shares of Credit Suisse rose 3.2% after a source told Reuters that Switzerland’s second-biggest bank is considering cutting around 5,000 jobs as part of a cost-reduction drive.

Sensex regains ground in afternoon trade, up 200 points

Tanla Platforms board to meet on Sept 8 to consider buyback of shares; stock rallies 4%

Price as of 02 Sep, 2022 01:00 PMClick on company names for their live prices.

NDTV hits 5% upper circuit for 7th session

NDTV hits 5% upper circuit for 7th session

Why is gold losing its luster?

Passenger vehicle dispatches from factories to showrooms last month at 329,000 units was the highest ever for the month of August and third highest for any month yet, industry insiders said. This was a third consecutive month of dispatches in excess of 300,000 units.

Price as of 02 Sep, 2022 12:08 PMClick on company names for their live prices.

Global bonds tumble into their first bear market in a generation

Under pressure from central bankers determined to quash inflation even at the cost of a recession, global bonds slumped into their first bear market in a generation. The Bloomberg Global Aggregate Total Return Index of government and investment-grade corporate bonds has fallen more than 20% below its 2021 peak, the biggest drawdown since its 1990 inception. Officials from the US to Europe have hammered home the importance of tighter monetary policy in recent days, building on the strong hawkish message from Federal Reserve Chair Jerome Powell at the recent Jackson Hole symposium.

“Clearer than ever that Jerome Powell miscommunicated at his most recent FOMC press conference on July 27,” says Chris Wood of Jefferies

GMR Group on Friday said it will divest its entire 40 per cent stake in Cebu international airport in the Philippines for an upfront payment of Rs 1,330 crore as well as earnings to be received over a period of more than four years.

Price as of 02 Sep, 2022 11:02 AMClick on company names for their live prices.

State-run oil companies sold 16% more petrol and 23.5% more diesel in August over last year as economic activity gathered pace and as sales at private retailers slumped. Petrol sales were 20.6% higher than in August of 2019 while diesel sales were 11.6% higher, according to the preliminary sales data obtained from state-run oil companies.

Price as of 02 Sep, 2022 10:50 A.MClick on company names for their live prices.

Despite the failure yesterday to close above 17600, the moves did not resemble rejection trades, encouraging us to keep the day’s upside hopes alive, as long as above 17512. Inability to do so, could indicate vulnerability towards 17335, but the downside marker for the 18600 trajectory may continue to be at 17250.

– Anand James – Chief Market Strategist at Geojit Financial Services

BSE Midcap index outperforms benchmark Sensex, rises 0.30%

BSE Midcap index outperforms benchmark Sensex, rises 0.30%

ADANI PORT | Cargo volumes jump 18% YoY; average run rate of April-August continues to be strong at 30.3 MMT

Price as of 02 Sep, 2022 10:06 AMClick on company names for their live prices.

Voda Idea, Tata Steel, NTPC among most active stocks on NSE

Price as of 02 Sep, 2022 09:54 AMClick on company names for their live prices.

MARKET NOW | Sensex erased all gains, slips into the red

MARKET NOW |  Sensex erased all gains, slips into the red

How crypto currencies are faring today

Market View: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The market is back to a phase of high volatility. The recent resilience of the Indian market can be attributed largely to FIIs turning buyers. But this FII bullishness appears to be over in the near-term as evidenced by the FII sell figure of Rs 2290 cr yesterday. Also FIIs are increasing their short positions in derivatives. This is a rational response to the surging dollar index which touched a 20-year high of 109.6% yesterday. This, and the US 10-year bond yield racing to 3.26% are unfavorable for emerging market equities and therefore investors have to be cautious in the near-term.

US jobs data to be released today and the CPI numbers expected on September 13th will give an indication about the strength of the US economy and its influence on the US Fed’s rate decision later this month.
The near-term outlook for the market has turned bearish amid volatility. Investors can use deep cuts in the market to buy domestic cyclicals like cars which are showing strong resilience supported by healthy and improving fundamentals.

Realty index leads sectoral gainers; check out the top performers from the pack

Price as of 02 Sep, 2022 09:23 AMClick on company names for their live prices.

Sector Watch | All indices trade in the green

Sector Watch |  All indices trade in the green

Opening Bell: Sensex rebounds 200 pts; Nifty near 17,600; NTPC jumps 3%, Adani Enterprises 2%

Opening Bell: Sensex rebounds 200 pts;  Nifty near 17,600;  NTPC jumps 3%, Adani Enterprises 2%

Asian shares struggle ahead of US payrolls report

Asian shares were mixed and the dollar stood tall on Friday ahead of a key US jobs report as investors braced for more aggressive rate hikes from the Federal Reserve, while commodities took an overnight dive amid new China lockdowns.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 43.5 points, or 0.25 per cent, higher at 17,612, signaling that Dalal Street was headed for a positive start on Friday.

Quarterly earnings today

Modulex Construction, Mewar Hi-Tech Engineering and Celestial Biolabs are among companies that will announce their quarterly earnings today.

Tech view: A Nifty50 fall below 17,350 can give bears the upper hand

After a gap-down start, the Nifty50 on Thursday ended up forming a small bullish candle on the daily scale, but with a long upper wick, suggesting intraday recovery was sold into. Analysts said the ongoing consolidation in the 17,350-17,750 range to continue going ahead.

Oil firms are betting OPEC+ will talk up output cuts to stem sinking prices

Oil prices climbed on Friday on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, but the benchmarks were still on track to post their worst weekly drop in four on fears COVID-19 curbs in China and weak global growth will hit demand.

Tokyo stocks trade lower ahead of US jobs data

Tokyo stocks traded lower on Friday morning ahead of US jobs data due later in the day. Shares had opened slightly higher, but around half an hour into the session, the benchmark Nikkei 225 index was down 0.16 percent, or 45.40 points, at 27,616.07, while the broader Topix index was down 0.55 percent, or 10.56 points, at 1,924.93.

S&P 500 snaps four-session losing streak with payrolls on deck

A late rally helped the S&P 500 snap a four-session losing skid on Thursday with investor focus turning to a key report on the labor market on Friday.

Rupee declines by 4 paise to 79.56 against dollar on forex outflows

The rupee declined by 4 paise to close at 79.56 against the US dollar on Thursday due to a stronger dollar in the global markets and foreign fund outflows from domestic equities.

Sensex, Nifty on Thursday

The 30-share Sensex fell 770 points to end at 58,767. Its broader peer, Nifty50, declined 217 points to end at 17,543.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader!  Here's something to kickstart your trading day


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