All the sectoral indices trading in red except power. Also midcap and smallcap index lost 0.5 percent in the afternoon trade.
CNBC-TV18's Sonia Shenoy caught up with some of the brightest minds in the mutual fund industry at the launch of Anuj Shah's book -- Brightest Investment Minds and the consensus is that we are not in a bubble just yet.
Prices for Brent crude oil futures, the international benchmark for oil prices, have risen by more than 50 percent since mid-2017 and hit $70 per barrel this week for the first since December 2014. Average Asian physical crude oil prices also moved over $70 per barrel in January.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- IDFC Bank, Capital First, Dish TV, Torrent Power, Snowman Logistics, Indiabulls Real Estate, Dredging Corporation, Sun TV, Mas Financial, and Kei Industries.
The rupee opened higher at 63.60 per dollar from yesterday's closing level of 63.66 at the inter-bank foreign exchange market today.
124 stocks touched the 52-week high including Delta Corp, Den Network, BF Utilities, Escorts on the NSE, while 3 securities trading at 52-week low includes Orient Paper & Industries.
Watch the interview of Prathamesh Mallya of Angel Commodities Broking with Manisha Gupta on CNBC-TV18. He spoke about the current trend in commodities market.
Experts believe that the proposal would encourage companies to announce higher dividends and improve yields for retail investors.
Watch the interview of Abhimanyu Sofat of IIFL with Latha Venkatesh, Sonia Shenoy, and Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on the fundamentals of the market as well as specific stocks and sectors.
GST is already there and people are coping with these taxes. Along with this, businesses such as cigarettes have gone through a double whammy. This year should not be about tinkering with tax rates, Sandeep Bhatia said.
H-1B visa reform is still highly probable, as President Trump wants change. If new legislation were enacted, it would cause significant issues for several stakeholder groups, but there will be winners and losers.
The projections indicate that Nifty is all set to fire up towards the 10,850-10,900 zone. While any decline towards the 10,575 mark should be a healthy opportunity to re-enter which is the crucial near-term support for the Nifty.
ICICI Bank, IDFC, Larsen and Toubro, Kotak Mahindra Bank, Reliance Industries, Vedanta, HDFC, Gail and Ambuja Cements are the top gainers on the indices.
Vedanta, IOC and Indiabulls Housing Finance were other gainers.
TCS came out with results which were largely in line with estimates.
Expect USD-INR pair to trade within 63.50-63.75 for the day, says Bhaskar Panda of HDFC Bank.
Expect Indian 10-year benchmark yield to trade in a range of 7.42-7.45 percent for today, says Bhaskar Panda of HDFC Bank.
Spot gold edged up 0.1 percent to $1,324 an ounce by 0100 GMT. Prices hit a near four-month high of $1,326.56 an ounce on Wednesday.
Despite the dip, analysts said market fundamentals going into 2018 were strong due to ongoing production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia that coincide with healthy demand growth.
A list of important headlines from across news agencies that could help in your trade today.
The Dow Jones Industrial Average rose 205.6 points, or 0.81 percent, to 25,574.73, the S&P 500 gained 19.33 points, or 0.70 percent, to 2,767.56 and the Nasdaq Composite added 58.21 points, or 0.81 percent, to 7,211.78.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, following two straight sessions of decline. Japan's Nikkei dipped 0.1 percent.
The proposed merger between Dish TV and Videocon d2h has already received regulatory approvals from the Ministry of Information and Broadcasting, NCLT and from the Competition Commission of India.
Watch the interview of Mayuresh Joshi of Angel Broking and Mitessh Thakkar of mitesshthakkar.com with Latha Venkatesh and Prashant Nair of CNBC-TV18, where they answer all the viewer queries on specific stocks and sectors.
Markets regulator SEBI on Thursday imposed a fine of Rs 2 lakh on Motilal Oswal Securities in a case related to alleged unauthorised trading through use of forged Power of Attorney (PoA).