Friday, 20 February 2015

Nifty below 8,850 levels

Hindalco, Bhel, Tata steel, GAIL, Sesa Sterlite and Dr. Reddy's are among the gainers, whereas Reliance Industries, Godrej consumer products, Ashok Leyland and ICICI Bank are losing sheen on BSE.











At 10:43 AM, the S&P BSE Sensex is trading at 29,295 down 168 points, while NSE Nifty is trading at 8,849 down 46 points.

The BSE Mid-cap Index is trading up 0.34% at 10,869, whereas BSE Small-cap Index is trading up 0.39% at 11,419.

Some buying activity is seen in auto, capital goods, healthcare, metal and power sectors, while IT, oil and gas, bankex and fmcg sectors are showing weakness on BSE.

Hindalco, Bhel, Tata steel, GAIL, Sesa Sterlite and Dr. Reddy's are among the gainers, whereas Reliance Industries, Godrej consumer products, Ashok Leyland and ICICI Bank are losing sheen on BSE.

Shares of Lypsa Gems & Jewellery Ltd hit 10% upper circuit at Rs. 74 after company bagged  order worth Rs. 320 Millions from UAE.

Shares of Spicejet Ltd surged 15% at Rs. 22 after the Company has been informed by  Ajay Singh ("Acquirer") that the Competition Commission of India has approved the proposed combination and acquisition of entire shareholding of Kalanithi Maran and M/s. Kal Airways Private Limited (i.e. existing Promoters) aggregating to 350,428,758 equity shares (58.46%) by Ajay Singh, in terms of the Competition Act, 2002.

Shares of Reliance Industries was down 2% at Rs. 884.The stock has hit a high of Rs. 161 and a low of Rs. 156.30. Report said that Five people — including two Petroleum Ministry officials and a former journalist — were detained by the Delhi Police for leaking confidential information.

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