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.

Indian Stock Market Riding High; Nifty Touched 8800 level

Nifty 50 has touched 8800 level first time after October 5, 2015. BSE Sensex has moved up 204 points up at 28444 and NSE Nifty has raised 59 points at 8800. Except IT and Teck sector all the other sectors are trading in the positive zone. BSE Small Cap is 135 points up at 13557 while BSE MidCap has moved up 113 points at 13398 and Nifty Midcap is live at 16170 with 135 points hike. Indian Currency Rupee is trading higher by 12 paise at 67.19 against US Dollar.

Today's Top Gainers: Lupin, Ambuja Cements, ACC, Sun Pharma, ICICI Bank

Today's Top Losers: Idea Cellular, Dr Reddys Labs, Coal India, HCL Tech, Tech Mahindra

In Asian Market, Nikkei has moved up 58 points at 18976, Hong Kong's Hang Seng is riding 147 points high at 23277 and Shanghai Composite is just 7 points up at 3147.

IT Stocks Declined, Stock Market Wiped Off Early Gains

Share indices were sharply off the highs touched at open due to a fall in information technology giants Tata Consultancy Services and Infosys. While shares of Infosys wiped the gains due to mixed Oct-Dec earnings, those of TCS were down 2% as changes at the top management and headwinds for the sector led to concern about growth. Currently, Sensex is 58 points down at 27188 while NSE Nifty is 20 points down at 8386.

Asian market is comparitively higher than the the Indian stock market. Nikkei is leading the region with 131 points hike at 19266, Hang Seng is 92 points up at 22921 and Shanghai composite is just 4 points up at 3123.

Gainers: GAIL, ONGC, HDFC, Aurobindo Pharm, Tech Mahindra

Losers: TCS, Infosys, Hindalco, Idea Cellular, Tata Motors

Stock Market Riding High - Stock Tips For Today

The stock market continues to rise as Sensex is 230 points up at 26863 and Nifty is up 75 points at 8265. In Commodity market, MCX Gold has hiked 189 points at 27871 and Silver jumped up 315 points at 40582. Also, Crude Oil has lost 10 points at 3611. Indian currency Rupee is moving high with 38 paise lead at 67.79 against US Dollar.

Adani Ports, Tata Steel, Aurobindo Pharm, Tata Motors and Yes Bank are todays gainers of NSE while Bharti Infratel, M&M, Tech Mahindra and TCS are top losers.

In Asian Market, except Hang Seng all the other global indices are flat. Hang Seng has hiked 325 points at 22460 while Nikkei has lost 73 points at 19520 and Shanghai Composite is 4 points up at 3163.

Stocks In Focus Today: Just Dial, Tata motors, Dena Bank, quick heal and shree cement