The BSE Mid-cap Index is trading down 033% at 10,399, whereas BSE Small-cap Index is trading down 0.34% at 10,836. The Volatility index - India VIX - has jumped 5 percent at 21.72.
Despite surging yesterday, the BSE Sensex and the NSE Nifty have started the day marginally in green at 27,290 and 8,232, amid mixed global cues.
Soon, the key benchmark indices witnessed free-fall mode and tumbled to a low of 26,948 and 8,137, on the back of heavy selling across all sectors.
At 9:39 AM, the S&P BSE Sensex is trading at 27,117 down 134 points, while NSE Nifty is trading at 8,137 down 50 points.
The BSE Mid-cap Index is trading down 033% at 10,399, whereas BSE Small-cap Index is trading down 0.34% at 10,836.
NTPC, Cipla, Bharti Airtel and Dr. Reddy's Lab are among the gainers, whereas Tata Motors, Axis Bank, HDFC and Infosys are losing sheen on BSE.
After witnessing wild swing on Wednesday, the market may look at settling down in a range for the day. The government got the Black Money bill passed, along with Companies Act changes that seek to address corporate concerns. While GST and Land Bill remain in the backburner, the government managed to clear a host of bills on the last day of the budget session.
Action will continue in stocks added in the MSCI indices. Market expects additional FII inflows into the counters on account of the additions scheduled later this month. Indices may look at maintaining the gains clocked on Wednesday as it awaits few corporate results and macro data. WPI inflation data will be out later in the day. Lupin, which slumped on Wednesday could see some buying following the acquisition of Brazil-based Medquímica. Global cues are mixed. US indices pared gains and closed flat. Asian markets are mostly lower. Japan's Nikkei is in the red while Hong Kong's Hang Seng index is trading in the green. China's Shanghai index is also in negative zone for now.
The Cabinet Committee on Economic Affairs approved stake sale in NTPC and Indian Oil. The government is planning to sell 5% in NTPC and 10% in Indian Oil, which could mop up around Rs 14,000 crore.
Ahead of his China visit, Prime Minister Narendra Modi said, "I believe that my trip to China will not only deepen the China-India friendship, but also set a new milestone for the relations between developing countries in Asia as well as around the world. There is no doubt about that.
World Gold Council is expected to release Gold Demand Trend report for Jan-Mar.
There is no gainer in sectoral indices - the CNX Bank Nifty and Finance indices have dropped 1.3 percent each at 17,856 and 7,246, respectively.
The Auto, Realty, FMCG and IT indices have shed almost a percent each. The Energy, Infra, Metal, Pharma and PSU Bank indices are the other losers.
Among Nifty-50 shares - Lupin is the top losers - down over 3 percent at Rs. 1,635, after the company reported muted Q4 earning yesterday.
Bank of Baroda, Tata Motors, Infosys, Kotak Bank, HDFC, ICICI Bank, HDFC Bank, IndusInd and Axis Bank are the other significant losers.
On the other hand, NTPC has jumped 1.5 percent at Rs. 140. Cipla has spurted over a percent at Rs. 685.
Tata Steel, Asian Paints, Hindalco and Bharti Airtel have gained nearly a percent each.
Soon, the key benchmark indices witnessed free-fall mode and tumbled to a low of 26,948 and 8,137, on the back of heavy selling across all sectors.
At 9:39 AM, the S&P BSE Sensex is trading at 27,117 down 134 points, while NSE Nifty is trading at 8,137 down 50 points.
The BSE Mid-cap Index is trading down 033% at 10,399, whereas BSE Small-cap Index is trading down 0.34% at 10,836.
NTPC, Cipla, Bharti Airtel and Dr. Reddy's Lab are among the gainers, whereas Tata Motors, Axis Bank, HDFC and Infosys are losing sheen on BSE.
After witnessing wild swing on Wednesday, the market may look at settling down in a range for the day. The government got the Black Money bill passed, along with Companies Act changes that seek to address corporate concerns. While GST and Land Bill remain in the backburner, the government managed to clear a host of bills on the last day of the budget session.
Action will continue in stocks added in the MSCI indices. Market expects additional FII inflows into the counters on account of the additions scheduled later this month. Indices may look at maintaining the gains clocked on Wednesday as it awaits few corporate results and macro data. WPI inflation data will be out later in the day. Lupin, which slumped on Wednesday could see some buying following the acquisition of Brazil-based Medquímica. Global cues are mixed. US indices pared gains and closed flat. Asian markets are mostly lower. Japan's Nikkei is in the red while Hong Kong's Hang Seng index is trading in the green. China's Shanghai index is also in negative zone for now.
The Cabinet Committee on Economic Affairs approved stake sale in NTPC and Indian Oil. The government is planning to sell 5% in NTPC and 10% in Indian Oil, which could mop up around Rs 14,000 crore.
Ahead of his China visit, Prime Minister Narendra Modi said, "I believe that my trip to China will not only deepen the China-India friendship, but also set a new milestone for the relations between developing countries in Asia as well as around the world. There is no doubt about that.
World Gold Council is expected to release Gold Demand Trend report for Jan-Mar.
There is no gainer in sectoral indices - the CNX Bank Nifty and Finance indices have dropped 1.3 percent each at 17,856 and 7,246, respectively.
The Auto, Realty, FMCG and IT indices have shed almost a percent each. The Energy, Infra, Metal, Pharma and PSU Bank indices are the other losers.
Among Nifty-50 shares - Lupin is the top losers - down over 3 percent at Rs. 1,635, after the company reported muted Q4 earning yesterday.
Bank of Baroda, Tata Motors, Infosys, Kotak Bank, HDFC, ICICI Bank, HDFC Bank, IndusInd and Axis Bank are the other significant losers.
On the other hand, NTPC has jumped 1.5 percent at Rs. 140. Cipla has spurted over a percent at Rs. 685.
Tata Steel, Asian Paints, Hindalco and Bharti Airtel have gained nearly a percent each.
No comments:
Post a Comment