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The Intraday market has opened higher riding high on strong global cues. The Sensex is up 392.57 points or 1.5 percent at 26107.23 and the Nifty is up 127.90 points or 1.6 percent at 7919.75. About 461 shares have advanced, 64 shares declined, and 14 shares are unchanged. ONGC, M&M, Bharti Airtel, Hindalco and Bajaj Auto are top gainers in the Sensex.
The Indian rupee gained past 66 a dollar in early trade following rally in global equity markets. The currency appreciated by 20 paise to open at 65.94 per dollar against previous day's closing value of 66.14 a dollar. The Indian stock market opened with a big positive gap this morning, on positive global cues.
The Sensex zoomed to 26,170.39 in a flash, gaining over 450 points in the process, and is currently up 332.65 points or 1.29% at 26,047.31. The Nifty is up 104.75 points or 1.34% at 7896.60. Some severely battered down bank, realty; capital goods, IT and healthcare stocks are expected to rise sharply this morning. Investors may choose to stay cautious at higher levels and this could cap market's upside to an extent.

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Indian Share Market is a volatile start to this week with the nifty slipping below 8500. The 50-share index is down 69.65 points or 0.8 percent at 8448.90. The Sensex is down 280.73 points or 1 percent at 27786.58. About 683 shares have advanced, 1072 shares declined, and 95 shares are unchanged. SBI, Coal India and Tata Steel are top gainers in the Sensex while Cipla, Vedanta, Hindalco, ONGC and Tata Motors are among losers.

Oil prices resumed their decline in Asia as a global glut of crude supplies showed no signs of abating in the face of sluggish demand; the market remained under pressure in morning trade, dragged by profit booking in private banking & financials, technology and oil stocks. Cipla topped the selling list, falling 4 percent on fears that Esomeprazole sales may slow down from Q2FY16 onwards

The Indian rupee's weakness and the weak progress of the southwest monsoon are the two key negatives that are dragging the market down. The Indian rupee is too, see selling pressure, down 21 paise to 65.21 a dollar. Infosys, Reliance Industries, ONGC, Tata Motors and Axis Bank dropped 1-3 percent while PSU banks continued to see buying interest after the government launched revamp plan 'Indradhanush' for PSU banks.

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The Equity Stock market has opened flat on Friday after sharp cut seen yesterday. The Sensex is down 15.84 points at 26355.14 and the Nifty is down 10.15 points at 7955.20. About 383 shares have advanced, 578 shares declined, and 75 shares are unchanged.
Reliance, Wipro, Infosys, Bajaj Auto and Bharti Airtel are top gainers in the Sensex. Among the losers are Tata Motors, Vedanta, Sun Pharma, Coal India and Axis Bank. The Indian rupee has opened flat at 63.96 per dollar against previous day's closing value of 63.97 a dollar.
The Indian equity market ended sharply lower on Thursday, after the bears stormed back to the ring after taking a breather on Wednesday. Despite gains in Asian and European markets, Indian stocks tumbled as investors looked ahead to industrial production and inflation data.
Automobile, bank, power, capital goods and realty stocks declined sharply. IT, oil and healthcare stocks too closed notably lower. FMCG and consumer durables declined as well. Midcap and Smallcap stocks declined. The market breadth was weak.

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Today the Intraday market is witnessing selling pressure weighed down by banks, oil & gas and capital goods stocks. But the Nifty is trying to hold the 6050 level. The Sensex slipped 85.20 points to 20,363.29, and the Nifty declined 32.60 points to 6,051.40. About 609 shares have advanced, 856 shares declined, and 79 shares are unchanged.

Cipla topped the selling list, falling nearly 5 percent post third quarter earnings. Mumbai-based healthcare firm's standalone net profit fell 23 percent year-on-year to Rs 260.8 crore on higher expenses and weak operational performance.

Shares of HDFC, Reliance Industries, HDFC Bank, State Bank of India, ICICI Bank, Hindustan Unilever and L&T lost 0.5-1.5 percent. ONGC dropped over 1.5 percent ahead of Q3FY14 earnings today. According to CNBC-TV18 poll, analysts expect the company's net profit to decline 5.2 percent sequentially to Rs 5,750 crore.

The Indian rupee opened marginally higher by 10 paise at 62 per dollar versus 62.10 Wednesday.

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