Equity Indices Erases Early Gains - Latest Market Updates

Stock Market Updates: Selling pressure took charge on the D-Street in the late morning session as the market erased a huge chunk of its gains. The Sensex dropped down 46.94 points at 30387.85, while the Nifty had lost 24.55 points at 9404.90. The market breadth, however, was negative as 1,031 shares advanced against a decline of 1,385 shares, while 125 shares were unchanged.

Top Gainers: ITC, Yes Bank, HUL, SBI, Axis Bank

Top Losers: Hindalco, Asian Paints, Eicher Motors, TCS, BPCL

Asian Market Updates: Japan's Nikkei is 36 points up at 19590, Hong Kong's Hang Seng moved 51 points up at 25188 and China's Shanghai Composite is 3 points down at 3086.

Commodity Market Update: MCX Gold is just 25 points up at 28730 while Silver has jumpes 215 points at 39104. Natural Gas is maintained at 208 points with no major or minor gains and Crude Oil is 17 points up at 3254.

Lates Stock and Commodity Market Updates - Expert View

The yellow metal jumped to a 5 month high on Thursday as the U.S. Dollar slipped, followed by Donald Trump’s comments that he prefers lower interest rates with the greenback getting too strong, as also due to the rising worries over U.S. relations with Russia and North Korea.

Nifty IT witnesses biggest intraday fall since March 15, 2017. The index touched its intraday low of 10142 levels down by nearly 1.7%. TCS is the top loser in the index trading lower by 2% at Rs 2343.6 per share. Infosys Limited is trading lower by 1.7% at Rs 952 per share. The BSE Mid-cap Index is trading up 0.18% at 14372, while BSE Small-cap Index is trading up 0.59% at 14954.

Some buying activity is seen in Energy, Finance and Healthcare while FMCG, Information Technology and Telecom are showing weakness on BSE. Bank of Baroda, IndiaBulls Real Estate, Reliance Industries Limited and GAIL are among the gainers, whereas Hindalco, Infosys, TCS and Tata Steel are losing sheen on NSE.

Sensex live at 29560 with 83 points up and Nifty Live at 9181 with 21 points up.

Expert Tips For Today (31st March 2017)

BSE Mid-cap index is outperforming the major indices in the market in the morning hours on Friday. 3M India Limited is the top gainer in the index trading at Rs 11775 per share, higher by 4.8%. Hindustan Petroleum Corporation Limited is the biggest contributor to the index gains trading at Rs 527 per share up by 1.8%. There are 956 advances, 569 declines and 394 unchanged stocks on NSE reflecting fairly positive bias floating in the market. The BSE Sensex is trading at 29576 down 70 points, while NSE Nifty is trading at 9155 down 18 points. A total of 73 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading up 0.5% at 14060, whereas BSE Small-cap Index is trading up 0.5% at 14409.

Expert Tips For Today (31st March 2017)

BUY CRUDE OIL APR IN THE RANGE OF 3270-3300 TARGETS 3350/3420 STOPLOSS 3200. Technically Crude oil is buying on hourly/daily charts while MACD and RSI also indicate good buying opportunity in it. So, traders should go for buy on lower level strategy.