Market Live: Nifty below 10,700, Sensex up 150 points; Zee Ent, Bajaj Finance slip

All the sectoral indices are trading in the green, the midcap index is up 0.50 percent.

Market Opens: The benchmark indices have surged ahead of the Interim Budget, which is scheduled tomorrow. Sensex is up 317.18 points or 0.89% at 35,908.43, and the Nifty up 73.50 points or 0.69% at 10,725.30.

About 1,006 shares have advanced, 827 shares declined, and 83 shares are unchanged. Global brokerage firms such as CLSA, Jefferies, and Macquarie raised their respective target price for ICICI Bank after the December quarter results were announced. The bank reported healthy growth in net interest income (NII) as well as margins.

L&T bags orders: L&T Hydrocarbon Engineering, a wholly owned subsidiary of Larsen a Toubro, has won two significant orders from Indian Oil Corporation (IOC).

Buzzing: Shares of Ajanta Pharma plunged 5 percent in the early trade on Thursday on the back of poor numbers declared by the company for the quarter ended December 2018.

The company's Q3 net profit fell to Rs 66.9 crore versus Rs 147.5 crore in the same quarter last fiscal.

Market Opens: Benchmark indices opened higher on Thursday with Nifty trading around 10,700.

The Sensex is up 205.23 points at 35796.48, while Nifty is up 44.40 points at 10696.20. About 532 shares have advanced, 242 shares declined, and 26 shares are unchanged. 

Tata Steel, RIL, Grasim, Vedanta, ICICI Bank, UltraTech Cement, Coal India, UPL, Eicher Motors are trading higher, while BPCL, IOC, HPCL, Bharti Infratel, Adani Port, HDFC, Zee Entertainment are among losers.

All the sectoral indices are trading in the green, the midcap index is up 0.50 percent.

Rupee Opens: The Indian rupee gained in the early trade on Thursday. It has opened higher by 17 paise at 70.95 per dollar versus previous close 71.12.

Market at pre-open: Benchmark indices are trading higher in the pre-opening trade with Nifty above 10,650 level.

The Sensex is up 269.07 points or 0.76% at 35860.32, and the Nifty up 35.00 points or 0.33% at 10686.80.

Bajaj Auto gains 2%, ICICI Bank up 2% in the pre-opening session, while Reliance Industries down 7% and HDFC Bank down 7%.

US markets end higher: US stocks surged on Wednesday after the Federal Reserve said it would be patient in lifting borrowing costs further this year, reassuring investors worried about a slowing economy.

Asian markets at a 4-month high: Asia stocks rose to a four-month high on Thursday, tracking Wall Street, after the Federal Reserve pledged to be patient with further interest rate hikes, signalling a potential end to its tightening cycle amid signs of slowing global growth.

Crude Update: US oil prices edged up on Thursday to extend gains into a third session, with widely watched data showing signs of tightening supply in the United States.

SGX Nifty: Trends on SGX Nifty indicate a positive start for the broader index in India, a gain of 71.50 points or 0.67 percent. Nifty futures were trading around 10,708-level on the Singaporean Exchange.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

Best Share Market News, Click Here To Get More News - Share Market Tips, for 2 Days Free Trial give a missed call @9644405056 and Get Share Market Services.