Sensex up 450 points, Nifty at 13,720; Airtel, RIL, SBI, HDFC twins top gainers

12:00 IST:
Reliance Research in its technical report said,”The stock has witnessed sharp up-move since its bullish cross-over has taken place between its 20-day and 50-day EMAs. In case of decline, the stock reversed twice after testing its upward slopping moving averages and moved northwards. Few days back, the stock oscillated at around its 20-day EMA. Yesterday, the stock has given breakout from near-term consolidation and resumed its up-move. Since three and half months, its RSI managed to hold at 50-mark decisively, which signals strength in the stock. We believe undergoing positive momentum will continue and the stock will test Rs1,710 mark initially and Rs1,899 level subsequently. On the lower side, the stock will find strong support at around its 50-day EMA. Stop loss will trigger at Rs1,440 (on closing basis) and will negate the view.”

11:56 IST: Indian rupee, the domestic currency appreciated by 14 paise to 73.62 per US dollar on Thursday’ opening trade as sustained foreign fund inflows and hectic buying in domestic equities strengthened investor sentiment. Weakness of the American currency in the overseas market also supported the domestic unit.

Rupee opened at 73.66 against the US dollar at the interbank forex market, then inched higher by 14 paise to 73.62 against the greenback, over its previous close.

Rupee surges 14 paise to 73.62 amid weak US dollar, positive equities

11:44 IST: Mrs Bectors Food made a stellar debut on stock market today with its share listing at a premium of 73.9% to the issue price.  Share of Mrs Bectors Food opened at Rs 501 against its IPO issue price of Rs 288. The share further rose to Rs 600 intra day, a 108% premium above the issue price.

Market cap of the firm rose to Rs 3,374 crore.

Mrs Bectors Food share makes stellar market debut, lists at 74% premium to issue price