INSUBCONTINENT EXCLUSIVE:
LIVE market updates: At 8:36 am, the SGX Nifty futures were up 0.60% at 11,671.00After two days of sharp gains following the government's
decision to cut corporate taxes, domestic stock markets clocked only mild gains on Tuesday amid choppy trade as Asian peers ticket up on
renewed hopes about US-China trade talks
38,989.37 on the downside at the day's weakest mark
The broader NSE Nifty benchmark moved in a range of 93.5 points in the first half of the session, between 11,655.05 and 11,561.55 at the
day's strongest and weakest levels respectively
Favours DeclineMarket breadth favoured losses, with 951 stocks on the Bombay Stock Exchange trading higher and 986 moving lower
Nearly 4%Shares in Aurobindo Pharma fell as much as 3.96 per cent on Tuesday, after a report said market regulator Sebi imposed a penalty on
Market regulator Sebi imposed penalties of Rs 22.7 crore on Aurobindo Pharma and its promoters for violation of provisions of insider
trading in relation to a licensing deal it had entered with Pfizer in 2009, news agency ANI reported.At 10:30 am, Aurobindo Pharma shares
traded 1.47 per cent lower at Rs 604.75 apiece on the BSE, underperforming the benchmark Sensex index which was up 0.12 per cent.Sensex
Falls Nearly 300 Points From Day's High, Nifty FlatThe Sensex plunged as much as 294.6 points from the day's strongest level to touch
The broader Nifty index moved in a range of 93.5 points, hitting 11,655.05 and 11,561.55 at the day's strongest and weakest levels
11,598.75.Banking Stocks Drag Markets Lower; IT Shares Provide Some SupportThe markets gave in to losses amid selling in banking stocks
Private Bank-1.13%Nifty Financial Services-1.11%Nifty PSU Bank-1.02%Nifty Realty-0.92%Nifty Metal-0.58%Nifty FMCG-0.32%Nifty Auto-0.03%Nifty
Pharma+0.62%Nifty IT+1.77%Nifty Rose Over 8% In Past Two SessionsThe Nifty 50 index has added a total of 895.4 points - or 8.36 per cent -
"Traders and investors have certainly cheered to the steps taken by our Finance Minister on Friday and the party continued in yesterday's
session as well," said Sameet Chavan, chief analyst-technical and derivatives, Angel Broking."Many of the large cap stocks have participated
in the upmove in last couple of sessions and the volumes too have been good
This is a positive sign and hence, we continue with our advice for traders to trade with a positive bias."Maruti Suzuki, Reliance Industries
Motors+2.62%Infosys+2.22%ONGC+2.20%Larsen - Toubro-1.25%Bajaj Finance-1.31%Power Grid-1.41%Kotak Bank-1.42%Asian Paints-1.52%Sensex Trades
Above 39,200, Nifty Firm Above 11,600At 9:20 am, the S-P BSE Sensex index traded 132.85 points - or 0.34 per cent - higher at 39,222.88,
50-scrip index at the time were Maruti Suzuki, Tata Motors, Reliance Industries, Infosys and HDFC, trading between 0.86 per cent and 2.18
stock markets opened on a mixed note on Tuesday
The S-P BSE Sensex index opened 45.25 points - or 0.12 per cent - higher at 39,135.28, whereas the broader NSE Nifty benchmark started the
moved up 0.06 per cent, supported by a 0.4 gain in mainland Chinese shares, while Japan's Nikkei edged up 0.20 per cent after a market
holiday on Monday.US stock futures gained 0.39 per cent
prices dipped slightly but were still supported by doubts on whether Saudi Arabia would be able to restore full output as it has promised
after the September 14 attacks on its facilities.Brent crude futures - the global benchmark for crude oil - fell 0.42 per cent to $64.50 a
barrel.SGX Nifty Indicates Positive Start For Domestic Stock MarketsAt 8:48 am, the SGX Nifty traded 77.00 points - or 0.66 per cent -
per cent higher at 39,090.03 - its highest closing level recorded since July 17 - and the Nifty settled up 2.92 per cent at
start Tuesday's session on a higher note, continuing their upmove for a third straight day after the government announced a cut in
corporate taxes.Domestic stock markets are also likely to take positive cues from gains in global peers, where equities ticked up on renewed
hopes about US-China trade talks but lingering concerns about slowing global growth tempered the overall appetite for riskier assets.
