Stock Market News Live: Rahul Jain’s Top Pick In IT

Dolat Capital’s Rahul Jain, speaking to NDTV Profit said that it is interesting to watch out how data centre turns out for TCS.

Speaking about stock picks in the sector, Jain picks the sole scrip in green for the day as well.

“LTIM is the clear choice and top pick. It is focusing on double digit growth,” he said.

Stock Market News Live: Wipro Share Price Slips

The shares of Wipro fell the most among IT stocks after posting second quarter results. The shares fell to Rs 243 apiece, declining 4.11%.

This slip compares to a 0.04% advance in the Nifty 50 as of 9:30 a.m.

Stock Market News Live: IT Stocks Slip Most

After IT industry heavyweights like Wipro, Infosys posted their second quarter results most of the IT players were trading in the red.

Stock Market News Live: Nifty, Sensex At Open

The Nifty 50 had opened lower at there was a major drag from the IT players following the second quarter results of the industry bell-weathers.

Rupee Opens Stronger Against US Dollar

Rupee opened 5 paise stronger at 87.77 against the US dollar.

It closed at 87.82 a dollar on Thursday.

Source: Bloomberg

Stock Market News Live: Nifty, Sensex At Pre-Open

The Nifty was above the 25,500 level at pre-open on Friday. The Sensex was above the 83,400 mark as well during the pre-open session.

Stock Market News Live: Commodities Check

Oil prices headed for a third weekly decline as investors focused on oversupply and the fallout from renewed US-China trade tensions. Brent was near $61 a barrel as Trump said he would hold a second meeting with Putin.

Gold ($4,391.69) and silver ($53.76) touched all-time highs as fears about credit quality in the US economy and heightened US-China frictions strengthened demand.

Stock Market News Live: Asia Market Update 

Asian shares slipped after risk sentiment dimmed on Wall Street as bad loans at two US banks heightened concerns about the credit market, Bloomberg reported. MSCI’s regional stock gauge dropped 0.2% with financials the biggest drag. The yen was stronger against the dollar in early Friday trading, extending its run of three consecutive sessions of gains.

  • Nikkei down 0.3%

  • Kospi up 1%

  • S&P/ASX 200 down 0.5%

  • Hang Seng down 0.3%

Stock Market News Live: Wall Street Recap

US equities fell on Thursday as concerns over the quality of loans at regional American banks, the growth prospects of insurers and US-China tensions continued to weigh on investor sentiment.

The S&P 500 closed 0.6% down, the tech-heavy Nasdaq 100 dropped 0.4%. The Dow Jones Industrial Average slipped 0.6%

Stock Market News Live: Markets On The Home Turf

The Nifty ended in the green for the second consecutive session on Thursday. The Sensex rose 862.23 points, or 1.04%, to 83,467.66, while the Nifty rose 261.75 points, or 1.03%, to 25,585.30.

The foreign portfolio investors on Thursday turned net buyers of Indian shares, see-sawing between purchasing and selling in the last five sessions. The FPIs bought stocks worth approximately Rs 997 crore, according to provisional data from the National Stock Exchange. The DIIs that have stayed net buyers for over a month bought stake worth Rs 4,076 crore.

Stock Market News Live: Gold Price Extends Record Run

Gold prices in India today were trading at levels above the Rs 1,30,200 mark, amid the festive season. The gold price today rallied to a fresh high of Rs 1,30,230 according to the India Bullion Co.

Gold prices scaled a new peak for the fifth consecutive session in the international market on Friday. Heightened US-China trade frictions and bets that the Federal Reserve will cut interest rates through the end of the year have supported demand.

Stock Market News Live: GIFT Nifty Signals Negative Start

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The GIFT Nifty was trading lower near 25,600 early Friday. The futures contract based on the benchmark Nifty 50 fell 0.13% at 25,610.5 as of 6:46 a.m. indicating a negative start for the Indian markets.

The Nifty ended in the green for the second consecutive session on Thursday. The Sensex rose 862.23 points, or 1.04%, to 83,467.66, while the Nifty rose 261.75 points, or 1.03%, to 25,585.30.

. Read more on Markets by NDTV Profit.After IT industry heavyweights like Wipro, Infosys posted their second quarter results most of the IT players were trading in the red.  Read MoreMarkets, Business ​NDTV Profit