MARKET LIVE: Sensex volatile, Nifty above 17,950; Tata Motors rallies 3%

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Opening Trades:

LIVE market updates: Mirroring negative cues from the overseas markets, the BSE Sensex opened 90 points lower at 60,046. The BSE index touched a low of 59,991, but soon recouped losses and rebounded into the positive zone. The BSE index was quoted at 60,171, up 36 points as of 09:20 AM. The NSE Nifty 50 index was up 30 points at 17,976.

Among the broader indices, the BSE Midcap and Smallcap indices were up 0.5 per cent each at 26,100 and 29,673, respectively.

Sun Pharma was the top gainer in the Sensex 30 stocks, up a per cent at Rs 841. NTPC, SBI, Tata Steel, Reliance Industries and Bajaj Auto also edged higher in oepning deals.

On the other hand, Mahindra & Mahindra slipped a per cent to Rs 887. Infosys, Maruti and ICICI Bank were the other prominent losers.

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Pre-open Session: (Updated at 09:10 AM)

LIVE market updates: The BSE Sensex ended the pre-open session, with a loss of 91 points at 60,045. The NSE Nifty 50 index was down 30 points at 17,916.

NTPC was the top gainer in the Sensex 30 stocks, up 1.5 per cent followed by TCS, HCL Technologies, PowerGrid Corporation and Axis Bank.

On the other hand, Mahindra & Mahindra, IndusInd Bank, Infosys and ICICI Bank were the prominent losers in the Sensex 30.

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(Updated at 08:11 AM)

Indian market are eyeing a gap-down start on Tuesday as soaring energy and commodity prices stoke inflation fears. SGX Nifty was down 105 points at 17,856 around 8.05 am.

Separately, investors would keenly eye the September CPI Inflation and the Industrial Output for August, wherein encouraging numbers could help markets trim losses.

Earnings Today

A total of 6 companies will post their September quarter earnings today, namely BEPL, DRC Systems India, JTL Infra, Ind Bank Housing, IndBank Merchant Banking Services and G.M. Breweries.

Global cues

The US stock markets ended the choppy session lower, with Dow Jones Industrial Average down 0.72 per cent, the S&P 500 0.69 per cent and the Nasdaq Composite 0.64 per cent.

In Asia, most markets declined along with US equity futures. Japan’s Topix index lost 0.8 per cent, South Korea’s Kospi declined 1.8 per cent, Australia’s S&P/ASX 200 Index fell 0.4 per cent and Hong Kong’s Hang Seng Index shed 1.6 per cent. S&P 500 futures were down 0.7 per cent.

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