STOCK MAREKTS

Opening Bell: Sensex falls 100 points, Nifty nears 21,700; Zomato jumps 3%, Eicher drops 2%.Sensex dips 100 points, Nifty near 21,700; Zomato jumps 3%, Eicher drops 2%

Shyam Metalics and Energy is a leading integrated metal-producing company specializing in long steel products and ferroalloys. With an integrated approach to manufacturing and business diversification, Shyam Metalics is poised to make significant st...

In the last nine months, the upward trend in sugar price in the global commodity markets has brought back focus on the sugar sector. But in the case of India, the sugar sector has been going through a transformation. From just being a sugar producer...

Marketwide open interest (OI) of calls exceeded the OI of puts by Rs 90883 crore on Tuesday, when the benchmark Nifty fell 1.3% to 14721.

Short-dated rates signal a Fed hike coming in around two years. Yields on intermediate to long-dated maturities are surging -- suggesting a rapid reflation that spurs the Fed to pull back on stimulus.

FII flows are expected to be moderate due to Christmas and New Year holidays.

Analysts said the index is in the overbought zone and its upside looks largely capped. A breach of the 11,000 level could trigger a near-term correction, they warned.

Nifty will face stiff resistance at 11,350 and aggressive traders should look for selling opportunities. Keep the final stop loss at 11,400.

‘Anything beyond SBI is not worth looking at in the PSB space’

The 30 shares BSE Sensex was down 69.01 points at 41573.65.

The S&P BSE Utilities index was trading 0.32 per cent up at 1776.38.

The Nifty Services Sector index was trading 0.03 per cent down at 17568.95.

The Nifty Services Sector index was trading 0.28 per cent up at 17536.7.

The Nifty IT index was trading 0.02 per cent up at 14,328.55 around 11:10 am.

Media reports suggest that the parent company of Vistara, Tata-Singapore Airlines, is looking at all-stock merger with Jet Airways as part of the Tata group's plans to board Goyal's full service carrier.

With policy irritants out of the way and attractive valuations, a fractured poll verdict will only trip markets for a short while, conclude experts at The ET Round Table.

Stocks to watch: Top trading calls by experts

"India needs lower crude prices, which is not happening because of liquidity-driven rallies. This is going to be a very long-term negative for the markets."

US private equity giant Carlyle has raised its stake in financial services firm India Infoline to 9% from 6.7% from the secondary market.