Sensex snaps four-day losing streak, ends 35 points higher; Dr Reddy's top gainer

Sensex Heatmap At Close

Source: BSE

DLF share price hits lowest since October 27 post March quarter results

DLF share price slipped over 5 per cent  to hit its lowest since October 27 after the real estate major reported a consolidated net profit of Rs 244 crore for the fourth quarter (Q4) of 2017-18. DLF stock dipped as much as 5.3 per cent to Rs 183.25 on the NSE. The stock is top percentage loser on Nifty Realty index, which was trading 0.1 per cent higher.

Markets Breadth

Market breadth, indicating the overall health of the market, turned sharply negative. On the BSE, 689 stocks declined, 599 stocks rallied, while 58 stocks remained unchanged. 

Markets on Tuesday

The Sensex was trading at 34,599, down 16.31, while the broader Nifty50 was ruling at 10,509, down 7.65 points. In the broader market, the BSE Midcap dipped 0.2 per cent, while the BSE Smallcap remained unchanged. 

Global market update

The dollar hovered near four-month highs on Tuesday on renewed optimism about global growth as the United States and China agreed to drop their tariff threats, while oil stayed at multi-year peaks over potential sanctions in Venezuela. Beijing and Washington both claimed victory on Monday as the world’s two largest economies stepped back from the brink of a global trade war and agreed to hold further talks to boost US exports to China.

While the apparent truce over their trade disagreements bolstered sentiment on Wall Street, it failed to excite stock markets in Asia.

Japan’s Nikkei was barely changed while Australian shares fell 0.7 percent with energy shares the only bright spot on the index. Liquidity remains relatively thin due to holidays in South Korea and Hong Kong. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1 percent.

The Dow jumped 1.2 pe rcent, the S&P 500 gained 0.7 per cent and the Nasdaq added 0.5 per cent. 

(Source: Reuters)

Markets on Monday

On Monday, the formation of a non-BJP government in Karnataka, along with weakness in global indices and rising crude oil prices, pulled the key Indian equity indices to close in the negative territory for the fifth consecutive session. A weak rupee against the US dollar also dampened the sentiments.

The wider Nifty50 closed at 10,516.70 points, down 79.70 points or 0.75 per cent from the previous close of 10,596.40 points. Similarly, the barometer 30-scrip Sensex settled in the red at 34,616.13 points, down 232.17 points or 0.67 per cent.

FAST MONEY: Here are key intraday trading tips for Tuesday's trade

Buy ONGC 

Target: Rs 191   
Stoploss: Rs 184

• Crude oil back above $80
• Short-covering in futures trade

Good Morning!

Welcom to Zee Business market liveblog.