Intraday Stock Market Live News; Nifty fell 9.70 points to 7545.50

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Globally, gold climbed as much as 1.07 percent to USD 1,251.70 an ounce in Singapore today.
           Gold prices rose 0.53 percent to Rs 29,284 per 10 grams in futures trade today as speculators raised their bets, taking positive cues from global markets.Market analysts said rise in gold prices at futures trade was largely in step with a firm trend overseas as global economic-growth concerns boosted the metal's appeal as a haven asset.

                       Sun Pharmaceutical Industries shares gained 2 percent intraday on approval from the US health regulator for anti-inflammatory drug. One of wholly owned subsidiaries of the company, on April 9, received approval from US Food & Drug Administration (USFDA) for new drug application (NDA) related to BromSite (bromfenac ophthalmic solution) 0.075 percent. The drug is used for the treatment of postoperative inflammation and prevention of ocular pain in patients undergoing cataract surgery. BromSite, developed by InSite Vision, is the first non-steroidal anti-inflammatory drug (NSAID) approved by the USFDA to prevent pain and treat inflammation in the eye for patients undergoing cataract surgery.

             The soon-to-be launched snow park at Adlabs Imagica is a move towards achieving cash break-even for the company, says Kapil Bagla, CEO of Adlabs Entertainment . Bagla hopes the theme park to break even in FY17. Spread across an area of 30,000 sq ft, the expected footfalls for the snow park is around 3000-4000 per day, which will increase the annual capacity to 15 lakh. The theme park is located just off the Mumbai-Pune Expressway. Bagla expects revenue from the snow park to be around Rs 15-18 crore, and says it would contribute about 25 percent to the total Adlabs business.

 

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The market rebounded in early trade Thursday after losing nearly 700 points on the Sensex in previous three consecutive sessions. The Sensex rose 165.59 points to 24388.91 and the Nifty climbed 49.65 points to 7411.45.

             The Indian rupee gained in the early trade today. It has opened higher by 22 paise at 67.85 per dollar against 68.07 Wednesday.

            Godrej Consumer is in process to buy majority stake in Kenya-based company Canon Chemicals. This will be an all cash deal where Godrej will enjoy a 75 percent stake in the profit-making branch. Canon deals in personal and household care products and has been reporting strong earnings over the last three years, says Adi Godrej, Chairman, Godrej Group.

             Asian markets were trading mixed with the Shanghai, Hang Seng and Kospi rising over a percent.

               Asian shares rallied on Thursday as speculation the U.S. Federal Reserve might opt to not raise interest rates at all this year hammered the dollar and sparked a huge rally in oil prices.
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Live Morning Intraday Market Tips Updates; Sensex falls 180 pts

Today In Intraday Equity benchmarks started off Thursday's trade on a weak note weighed down by oil & gas stocks post deferment of revision in natural gas price. The Sensex declined 26.57 points to 25287.17 and the Nifty fell 4.60 points to 7564.65. About 851 shares have advanced, 364 shares declined, and 45 shares are unchanged.

BPCL and GAIL declined 2-3 percent. Maruti Suzuki, Cipla and Cairn India slipped marginally. However, Bajaj Auto, M&M, Hero Motocorp, Tata Motors, Bharti Airtel, Bharti Airtel, BHEL and SBI advanced 0.8-1.2 percent. The Indian rupee has opened flat at 60.09 per dollar on Thursday as against previous day's closing value of 60.12 a dollar.
Equity benchmarks extended fall with the Sensex losing 178.38 points to 25135.36 and the Nifty slipping 54.50 points to 7514.75. About 857 shares have advanced, 818 shares declined, and 56 shares are unchanged. Asian intraday markets remained in positive terrain with the Shanghai, Nikkei and Hang Seng rising 0.3-1 percent following gains on Wall Street but Iraq tension capped the upside. 

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The Intraday market opened on a flat note on Wednesday after seeing record closing highs in previous session. 
The Sensex rose 37.75 points to 24896.3 while the Nifty fell 0.80 point to 7415.05. About 808 shares have advanced, 240 shares declined, and 32 shares are unchanged.

• Among gainers, Hindalco Industries, Bajaj Auto, Tata Motors, Tata Steel, GAIL, NMDC, DLF and Jindal Steel rallied 1-2 percent. However, Sesa Sterlite, M&M, Coal India, ONGC, Bharti Airtel and HCL Technologies declined 0.7-1 percent. 

• The Indian rupee slipped marginally in the early trade. It opened lower by 4 paise at 59.42 per dollar as against previous day's closing value of 59.38 a dollar.

• Budget preparations are in full swing. The finance ministry has virtually ruled out any capital infusion to PSU banks this fiscal. It is planning a new law to crackdown on big ticket willful defaulters to curb the rising bad loans.

• In commodities, crude prices rise after industry data showed a bigger-than-expected fall in crude stockpiles in the United States. From precious metals space-- gold snapped its losing streak as the stock markets beat a retreat after a series of record highs on Wall Street.

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