Stock Market Live: Sensex, Nifty close after range-bound intraday trade; Bank Nifty bleeds 184 points

On account of weak US economic data and weekend profit booking on Friday, the Indian indices went off on Friday after a range-bound trade throughout the day. The BSE Sensex went down by 26 points to 35,871 levels while the 50-stock Nifty went up 1.8 points to 10,791 levels. Bank Nifty or NSEBANK bleed 184 points or 0.68 per cent to 26,867.55 levels. 

Mehul Kothari, Senior Technical Analyst - Equity at IndiaNivesh told, "Since past few sessions we have been mentioning that the market has a potential to absorb the selling pressure at the critical support of 10580. Now in line with that, the index Nifty has turned decisively from there. It is evident from the given daily chart that index Nifty has managed to sustain at higher levels after a relentless fall of more than eight trading sessions. Thus, we reiterate our previous stance that till the time Nifty stays above 10580 the probability of it reaching 11000 marks is  quite  high."  However, he cautioned that for the upcoming session, 10860 – 10910 levels might act as an intermediate resistance whereas on the downside 10720 – 10640 zone might again attract some buying interest. Traders who initiated long in index futures should follow strict stop of 10600 for the upside target of 11000 and above. On the contrary, a close below 10580 could be dangerous for the bulls.

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3:35 PM

Closing bell: Sensex, Nifty close after sideways intraday trade

On account of weak US economic data and weekend profit booking on Friday, the Indian indices went off on Friday after a range-bound trade throughout the day. The BSE Sensex went down by 26 points to 35,871 levels while the 50-stock Nifty went up 1.8 points to 10,791 levels. Bank Nifty or NSEBANK bleed 184 points or 0.68 per cent to 26,867.55 levels. 

3:28: PM

Infra stocks perform well amind weekend profit booking

The BSE Infra major NTPC stock scaled near 2.5 per cent, NBCC (India) shares went up by around 2.9 per cent, Tata Communications and Spicejet counters went up by more than 1.75 per cent. Aban Offshore stocks went up by near 1.5 per cent, Ashoka Buildcon counter surged by near 1.7 per cent, GVK Power & Infrastructure counter shyrocketed by more than 10 per cent while Gateway Distriparks Ltd shares went up by more than 7 per cent. 

3: 20 PM

Telecom stocks offset gains in realty, oil and gas stocks

The BSE telecom index went down maximum by bleeding over half a per cent. Telecom major GTPL Hathway Ltd went off by near 4.35 per cent, Mahanagar Telephone Nigam Ltd counter slide by more than 43.5 per cent, Vodafone Idea shares bleed over 2 per cent, Vindhya Telelinks counter went off by more than 1.5 per cent while GTL Infra stocks went off by near 1.2 per cent.

3:15 PM

Bankex mixed on US weak data

The BSE Bankex was reeling mixed under 0.38 per cent from its Thursday close. The Banking major Kotak Mahindra Bank was off by more than 3.5 per cent, HDFC Bank was down by more than 1 per cent while Federal Bank and IndusInd Bank shares were down by near half a per cent. However, Yes Bank scrip was up by near 3.25 per cent, SBI stock was up by near 1.2 per cent, Axis Bank counter went up by more than half a per cent.

2:15 PM

Asian markets in red zone

The Asian indices have slipped into the losing zone after the weak US economic data and expected profit booking on the weekend trade session. Japan's Nikkei is down by 0.42 per cent, Straight Times went offf by around 0.47 per cent, Hang Seng went down by 0.28 per cent.  

12:30 PM

IndiaNivesh chart for markets

12:15 PM

Telecom stocks perform better at the Dalal Street

After bleeding heavily in the last few successive trading sessions, the Reliance Communications Ltd stocks scaled over 10 per cent. Aksh Optifibre Ltd counter went up by near 2.1 per cent, Bharti Airtel stock went higher by near 1.25 per cent, GTL shares scaled by near 1.75 per cent, Vindhya Telelinks scrip was up by around 1.85 per cent while the Tata Teleservices (Maharashtra) stocks rose over 10.5 per cent. OnMobile shares logged over 2 per cent gains but GTPL Hathway counter was off by around 2.85 per cent.

12:00 PM

Sensex, Nifty extend losses

On account of weak US economic data and weekend profit booking tendency, the Indian indices are trading waters on Friday. The BSE Sensex slump 66 points to 35,832 levels while the 50-stock Nifty went down by 10 points to 10,780 levels.

10:30 AM

IndiaNivesh view on markets

Mehul Kothari, Senior Technical Analyst - Equity at IndiaNivesh told, "Since past few sessions we have been mentioning that the market has a potential to absorb the selling pressure at the critical support of 10580. Now in line with that, the index Nifty has turned decisively from there. It is evident from the given daily chart that index Nifty has managed to sustain at higher levels after a relentless fall of more than eight trading sessions. Thus, we reiterate our previous stance that till the time Nifty stays above 10580 the probability of it reaching 11000 mark is quiet high." However he cautioned that for the upcoming session, 10860 – 10910 levels might act as an intermediate resistance whereas on the downside 10720 – 10640 zone might again attract some buying interest. Traders who initiated long in index futures should follow strict stop of 10600 for the upside target of 11000 and above. On the contrary, a close below 10580 could be dangerous for the bulls.

9:35 AM

Capital Goods Index goes off

The BSE capital goods index went off by near half a per cent on Friday intraday trade. The index major Schaeffler India Ltd counter nosedived by more than 2 per cent, Carborundum Universal Ltd scrip went off by near 1.8 per cent, CG Power and Industrial Solutions counter was down by near 1 per cent while ABB India and Siemens counter went down by near 0.4 per cent. However, Suzlon Energy scaled by more than 5 per cent in morning trade on Friday.

9:25 AM

BSE Telecom Index leads the bear run

The BSE telecom index slipped maximum by losing around half a per cent on Friday intraday trade. The index major Mahanagar Telephone Nigam Ltd shares went down by more than 3.6 per cent, GTPL Hathway counter crashed by more than 10 per cent, Aksh Optifibre Ltd went off by near 1 per cent while ITI, Vodafone Idea and Tata Communications scrip were below their Thursday close.

9:18 AM

Opening Bell: Sensex, Nifty falls following Wall Street, Asian markets

On account of weak US economic data and weekend profit booking tendency, the Indian indices are trading waters on Friday. The BSE Sensex slump 32 points to 35,865 levels while the 50-stock Nifty went down by 17 points to 10,772 levels. 

9:10 AM

Pre-Open: Sensex, Nifty give mixed cue ahead of the opening bell

Giving mixed cue about the opening bell on Friday intraday trade, the BSE Sensex nudged 7 points higher to 35,906 levels while the 50-stock Nifty slipped by 7 points to 10,782 levels. 

9:00 AM

Asian markets trade flat in the early morning session

Shares in Asia were flat in early trade on Friday following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States.

Early in the Asian trading day, MSCI's broadest index of Asia-Pacific shares outside Japan was up less than 0.1 percent.

Australian shares gained 0.5 per cent and Japan's Nikkei stock index was 0.3 per cent lower.

Investors continue to closely watch high-level talks between US and Chinese trade negotiators in Washington, with little more than a week left before a US-imposed deadline for an agreement expires, triggering higher tariffs.