If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day. Hence this effort to keep you up to date on LIVE market. In this space, ETMarkets.com tracks not just the elite 30 from the Sensex pack, or the fabulous 50 from the Nifty collection, but also showcases the newsmakers and top market movers to help you understand why the market moved the way it did, and what you should read into it. Be it largecap, midcap or smallcap, we spare none! (LIVE tweets@ETMarkets) Stay put to stay updated! @9.40 AM: Dr Reddy’s Laboratories (up 1.6 per cent), ONGC (up 1.5 per cent), ICICI Bank (up 1.5 per cent), Tata Motors (up 1.09 per cent), and Infosys (up 0.9 per cent), were the major Sensex gainers. GAIL India (down 2.3 per cent), SBI (down 2 per cent), HDFC Bank (down 1.1 per cent), and Sun Pharma (down 1.02 per cent) were the major Sensex gainers. @9.35 AM: The S&P BSE Midcap Index was down 0.19 per cent and BSE S&P Smallcap Index was trading 0.20 per cent lower. @9.25 AM: The 30-share index was trading at 24,565, down 42 points or 0.17 per cent. It touched a high of 24,719.05 and a low of 24,560.55 in morning trade. The Nifty50 was trading at 7453 down 22 points or 0.30 per cent. It touched a high of 7,505.90 and a low of 7,451.95 in the first 10 minutes of trade. OPENING BELL: Nifty50 reclaims 7,500, Sensex gains 100 points; ICICI Bank, ONGC up 2% each ; GAIL down 2% @9.00 AM: Market outlook: Experts said the Nifty50 is trading above its 50-DMA and a falling supply trend line is also suggesting further strength to the broader market. “The Nifty50 made a double bottom with a positive divergence on the technical charts, which helped it move higher led by short covering and fresh support-based buying activities. Now till the index holds above 7,400, it has potential to continue its momentum towards 7,500-7,550 levels,” said Chandan Taparia, Derivatives & Technical Analyst – Equity Research at Anand Rathi Financial Services. Also read: ?Nifty50 looks to extend gains, eyes 7,550 @8.50 AM: And this is what is happening in Asian markets… @8.45 AM: Equity markets in the US surged again in last hour of trade shrugging off tepid economic data to end with gains for the third day running. Late rallies are seen as signs by experts of improving sentiments. Here’s how the US market ended yesterday… @8.40 AM: Here goes a recap of how Sensex ended yesterday… @8.20 AM: Here are all small and big stories that might affect your market today: ? Hiroshi Nakaso, Deputy Governor, Bank of Japan, believes there is still scope for the central bank to cut rates further. ? New goods orders at the US factories rose to their seven-month high in January, indicating renewed strength in the manufacturing sector after a weak fourth quarter. ? In a move that will bring cheers to India Inc and in alignment with the government promise of reduced litigation, the Central Board of Excise and Customs has decided to not pursue tax cases that are more than 15-year old. ? The extraordinary 1,700-point spurt in the Sensex in the past three sessions can be partly attributed to FIIs initiating reverse arbitrage or buying shares they had sold earlier in anticipation of huge dividends by companies before April 1, when the new dividend distribution tax kicks in. ? After a strong performance in GDP data for Q4, things have gone downhill for the UK economy. Also read: What changed for markets while you were sleeping @8.15 AM: And here are some Buy/Sell ideas to begin your trading day… @8.00AM: Good morning, dear reader! Here’s something to kickstart your trading day… All intelligent investing is value investing — acquiring more that you are paying for. You must value the business in order to value the stock – Charlie Munger HAPPY INVESTING! (Source: BSE/NSE/Reuters)