IDEAL STOCK MARKET UPDATE | MARKET OPENS (2024)

Benchmark indices started on positive note on Wednesday with Nifty trading above 10,950 level.

The Sensex is up 98.30 points at 36715.11, while Nifty is up 42.60 points at 10977. About 392 shares have advanced, 202 shares declined, and 33 shares are unchanged.

Jubilant Food, Tech Mahindra, HPCL, Zee Entertainment, Indiabulls Housing are trading higher, while NTPC, Dr Reddy's Lab, Adani Ports, UltraTech Cement are among major losers.

Rupee Opens :

The Indian rupee opened flat at 71.55 per dollar on Wednesday versus previous close 71.56.

Rupee ahead of the important RBI policy statement is consolidating in range of 71.40 and 72.20 and most market participants are expected to remain cautious ahead of the new RBI governor’s statement. Expectation is that the RBI could consider cutting rates by 25bps and what will be important to watch is whether the central bank does change its stance.

Global Markets :

Wall Street ends higher:

US stocks rose on Tuesday as largely upbeat corporate results fueled investor optimism ahead of the highly awaited State of the Union address by President Donald Trump.

Asian markets trade mixed:

Asian shares started cautiously on Wednesday as investors waited to see if US President Donald Trump drops any hints of progress on tariffs in his State of the Union speech.

SGX Nifty:

Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 50 points or 0.46 percent. Nifty futures were trading around 11,010-level on the Singaporean Exchange.

Domestic Markets :

Results Today:
JSW Steel, Siemens, Cipla, Lupin, Adani Ports, Adani Power, Allahabad Bank, IGL, Punj Lloyd, CG Power, PTC India, Venkys

Here are stocks that are in news today:

Realty major DLF on Tuesday reported a 92 per cent drop in its consolidated net profit at Rs 335.15 crore for the third quarter of this fiscal, as it had posted an exceptional profit in the year-ago period from stake sale in rental arm to GIC.

Its net profit stood at Rs 4,091.27 crore in the year-ago period, the company said in a regulatory filing.

Total income, however, rose to Rs 2,405.89 crore during October-December quarter of 2018-19 fiscal year from Rs 1,855.21 crore in the corresponding period of the previous year.

Tech Mahindra Q3 profit rises 13% QoQ, revenue surges 3.6%

Strides Pharma Science gets EIR from USFDA on continued GMP status for the flagship facility in Bangalore

Jubilant Life & Jubilant Food - Jubilant Enpro Pvt. Ltd. (a promoter group company), has decided not to charge the corporate brand royalty of 0.25% of the consolidated revenues of the company and the same stands withdrawn.

HCL Technologies and Harris Geospatial Solutions partner to deliver advanced analytics solutions for the utility industry

Century Plyboards approved a proposal for setting-up a Particle Board and MDF Unit at Uttar Pradesh.

Majesco releases new electronic billing and payment solution built using Majesco Digital 1st Insuran

Lupin Launches Clomipramine Hydrochloride Capsules USP

Marico: The company's net profit grew 13 percent at Rs 251.7 crore.

HPCL:
The profit has fallen 77 percent to Rs 247.5 crore against previous quarter.

Axis Bank:
RBI has imposed a penalty of Rs 2 crore.

RBI Imposes Rs 1 crore penalty on Syndicate Bank

Blue Star:
Profit for Q3 fell 15 percent to Rs 13.2 crore.

Bombay Dyeing:
The company has posted a net loss of Rs 142.8 crore

NBCC secured the total business of Rs 355.90 crore in the month of January, 2019

Bank of Baroda has revised Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 07th February 2019

Adani Green commissioned 12 MWac Wind Power Project and award of 390 MWac Hybrid Project to Wholly-owned subsidiaries of the company

Dish TV Q3 Cons net profit at Rs 152.7 cr vs Rs 19.7 cr (QoQ)

V-Mart Retail Q3 Net profit up 13.6% at Rs 41.7 cr Vs Rs 36.7 cr (YoY)

Suven Life Sciences Q3 Net profit up 40.2% at Rs 25.1 cr Vs Rs 17.9 cr (QoQ)

Sobha Q3 Net profit up 13% at Rs 60.6 cr vs Rs 53.8 cr (YoY)

Future Enterprises Q3 Net profit at Rs 1.1 cr Vs Rs 81.9 cr (YoY)

Tata Chemicals Q3 Net profit at Rs 266 cr Vs Rs 831.6 cr (YoY)

IDFC First Bank Q3 Net loss at Rs 1,538 cr Vs Rs 146.1 cr (YoY)

Aditya Birla Cap Q3 Net profit up 42% at Rs 206 cr Vs Rs 145 crore (YoY)

Analyst or Board Meet/Briefings

Tube Investments: The company will hold analysts call to discuss financial results on February 7, 2019.

Natco Pharma:
The company will host earnings call on February 13, 2019.

CRISIL:
Kayne Anderson Rudnick Investment Management will meet the company on February 15, 2019.

AIA Engineering:
The company will hold a conference call on February 8, 2019.

IDEAL STOCK MARKET UPDATE | MARKET OPENS (2024)

FAQs

What is the time of stock market update? ›

The trading time in India runs from 9.15 am to 3.30 pm. Traders can buy and sell shares without any restrictions during this time. A bilateral order matching system is carried out during this session, i.e., a sell order gets matched with a buy order placed at the same price.

Is it good to buy when the market opens? ›

Key Takeaways

The closest thing to a hard-and-fast rule is that the first hour and last hour of a trading day are the busiest, offering the most opportunities, while the middle of the day tends to be the calmest and most stable period of most trading days.

How do you predict market before opening? ›

After-hours trading commonly helps indicate the next day's open. Extended-hours trading in stocks takes place on electronic markets known as ECNs before the financial markets open for the day, as well as after they close. This activity can help investors predict the open market direction.

What time is best to stock market? ›

With all these factors taken into consideration, the best time of day to trade is 9:30 to 10:30 am. The stock market opens for trading at 9:15 AM and in the first 15 minutes, the market is still responding to the previous day's news with experienced traders waiting to make their move.

How often do stock market prices update? ›

Stock prices change everyday by market forces. By this we mean that share prices change because of supply and demand.

What days do stocks go down? ›

However, some traders and investors believe that markets tend to trend downward on Mondays. This can mean much lower returns on Monday than there were to be had on Friday, making Monday traditionally known as a good day of the week to snaffle up potentially undervalued stocks and indices.

What is the 11am rule in trading? ›

It is not a hard and fast rule, but rather a guideline that has been observed by many traders over the years. The logic behind this rule is that if the market has not reversed by 11 am EST, it is less likely to experience a significant trend reversal during the remainder of the trading day.

What is the 10 am rule in stocks? ›

Some traders follow something called the "10 a.m. rule." The stock market opens for trading at 9:30 a.m., and the time between 9:30 a.m. and 10 a.m. often has significant trading volume. Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour.

What is the 3 day rule in stocks? ›

In short, the 3-day rule dictates that following a substantial drop in a stock's share price — typically high single digits or more in terms of percent change — investors should wait 3 days to buy.

What is the most accurate stock predictor? ›

Zacks Ultimate has proven itself as one of the most accurate stock predictors for more than three decades. Incepted in 1988, this established service has produced phenomenal returns for its members. In fact, since 1998, Zacks Ultimate has generated average annualized returns of 24.3%.

What is the first 15 minutes trading strategy? ›

Here is how. Let the index/stock trade for the first fifteen minutes and then use the high and low of this “fifteen minute range” as support and resistance levels. A buy signal is given when price exceeds the high of the 15 minute range after an up gap.

Should you trade before market opens? ›

Pre-market trading can be a good way to get into the market or out of it, particularly for widely followed stocks and funds. With pre-market trading, you can place trades before much of the market is ready to act. Despite this advantage, pre-market trading is not without some drawbacks.

What month do stocks go down the most? ›

One of the historical realities of the stock market is that it typically has performed poorest during the month of September. The "Stock Trader's Almanac" reports that, on average, September is the month when the stock market's three leading indexes usually perform the poorest.

How much money do day traders with $10,000 accounts make per day on average? ›

With a $10,000 account, a good day might bring in a five percent gain, which is $500. However, day traders also need to consider fixed costs such as commissions charged by brokers. These commissions can eat into profits, and day traders need to earn enough to overcome these fees [2].

What time of day are stocks highest? ›

Market volume and prices can and do go wild first thing in the morning, precisely the first 15 minutes. People are making trades based on the news. Power hour between 3:00 pm and 4:00 pm is also a very popular time. The best time to buy stocks is 9:30 am to 11:00 am EST because the market is most liquid.

How fast do stock prices update? ›

Every time a block of shares is bought and sold, the stock price changes to reflect the latest transaction price. The sheer number of transactions ensures that the stock price fluctuates every second, even if there's been no change in market sentiment.

Is the stock market expected to go up? ›

The Stock Market Will Rise Nearly 10% More This Year, Money Managers Predict in Barron's Latest Poll. The stock market hit a speed bump in April after a solid first quarter, as stubborn inflation led investors to readjust their outlook for interest-rate cuts by the Federal Reserve.

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