Nifty breaks below 8,100

At 11:33AM, the S&P BSE Sensex is trading at 26,855 down 132 points, while NSE Nifty is trading at 8,086 down 41 points.

The BSE Mid-cap Index is trading down 0.3% at 10,205, whereas BSE Small-cap Index is trading down 0.29% at 10,986.

Barring oil & gas, all the other sectoral indices are in red on BSE. The BSE Metal index is down 1.34%, while BSE IT index is down 1.24%.

HUL, Kotak Mahindra Bank, Asian Paints, Ashok Leyland and NTPC are among the gainers, whereas PFC, Gail, ICICI Bank, Cairn, HDIL, JSW Steel and BHEL are losing sheen on BSE.

Stock news: Dena Bank is planning to raise BASEL lll compliant Additional Tier 1 (AT1) Bonds for an amount of Rs. 1000 crore, through private placement. Dena Bank is trading down 0.41% on BSE.

F&O total turnover stood at Rs 2,91,932.38 crore on January 6

Future & Option (F&O) total turnover stood at Rs 2,91,932.38 crore on January 6 and the total number of contracts traded on the day were 1,25,80,367.

Of the total turnover, Index Futures contributed Rs 25,960.09 crore, Stock Futures Rs 26,459.87 crore and Index Options Rs 2,27,360.34 crore, while the contribution of the Stock Options was of Rs 12,152.07 crore.

For the day, the total F&O PutCall ratio stood 1.07, while Index Options PutCall ratio was 1.09 and that of Stock Options was 0.60.

The top five scrips with highest PCR on OI were Grasim (1.23), IndusInd Bank (1.14), DLF (1.09), YES Bank (1.08), and Bajaj-Auto (1.02).

Among most active underlying, State Bank of India witnessed an addition of 0.98 million of Open Interest in the January month futures contract, followed by Reliance Industries witnessing an addition of 0.11 million of Open Interest in the January month contract; Infosys witnessed a contraction of 0.30 million of Open Interest in the January month contract, ICICI Bank witnessed a contraction of 0.59 million of Open Interest in the January month contract and Larsen & Toubro witnessed a contraction of 0.32 million of Open Interest in the January month's future contract.

M&M produces 50 lakh vehicles

Mahindra & Mahindra (M&M) has achieved milestone of producing 50 lakh vehicles, rolling out its 5 millionth vehicle from Kandivali plant in Mumbai. The company’s 4x4 offroader, Mahindra Thar, was rolled out as the 5 millionth vehicle from the Kandivali plant. This milestone is the result of combined vehicle production from the company’s six automotive plants, namely Chakan, Nasik, Haridwar, Zaheerabad, Kandivali and engine plant in Igatpuri.

Mahindra’s Auto Sector had achieved the 40 lakh mark in 2012 and reached the 50 lakh vehicle mark in just two years.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

Maruti Suzuki gains on increasing prices of its vehicles by up to Rs 31,600

Maruti Suzuki India is currently trading at Rs. 3412.00, up by 16.45 points or 0.48% from its previous closing of Rs. 3395.55 on the BSE.

The scrip opened at Rs. 3400.00 and has touched a high and low of Rs. 3415.80 and Rs. 3395.05 respectively. So far 7711 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3467.25 on 05-Jan-2015 and a 52 week low of Rs. 1541.25 on 28-Jan-2014.

Last one week high and low of the scrip stood at Rs. 3467.25 and Rs. 3296.05 respectively. The current market cap of the company is Rs. 102572.79 crore.

The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 36.23% and 7.57% respectively.

Maruti Suzuki India has raised prices of its vehicles by up to Rs 31,600 following the expiry of excise duty concessions extended to the auto sector. The increased prices after revision of central excise duty with effect from January 1, 2015, across all models ranges between Rs 7,850 on Omni van to Rs 31,600 on mid-sized sedan Ciaz.

Under the revised prices, the popular entry level car Alto will be dearer by Rs 8,500 to Rs 12,700. Before the hike the model was priced between Rs 2.37 lakh to Rs 3.52 lakh (all prices ex-showroom Delhi). Another popular model Wagon R from will see an increase ranging from Rs 12,500 to Rs. 15,700 from its current tag of Rs 3.48 lakh to Rs 4.35 lakh.

Moreover, the company’s premium compact car Swift will cost Rs 15,850 to Rs 25,150 more now from the current price of Rs 4.42 lakh to Rs 6.95 lakh. Meanwhile, popular compact sedan Dzire will see an increase from Rs 17,500 to Rs 26,650 from the current price of Rs 4.85 lakh to Rs 7.32 lakh.

Further, the new compact model Celerio will see an increase of Rs 13,600 to Rs 17,200 from the existing price of Rs 3.76 lakh to Rs 4.78 lakh.

Top economic news of the day - January 07, 2015

The government decision to permit 100% foreign direct investment in medical devices will take effect from January 21, the Commerce and Industry Ministry said.

Vegetable prices in wholesale markets in the national capital have risen by at least 50%in last one week due to export of key vegetables to Pakistan, says an APMC member.

India's natural rubber imports in December rose 8% from a year earlier to 29,728 tonnes as a drop in production prompted tyremakers to increase overseas purchases, the state-run Rubber Board said.

An internal committee of the Department of Telecom is believed to have suggested fixing base price of 3G spectrum at Rs.38.99bn per megahertz, about 43% higher than the rate recommended by sectoral regulator TRAI.

Sensex, Nifty in green

At 9:23AM, the S&P BSE Sensex is trading at 27,041 up 53 points, while NSE Nifty is trading at 8,140 up 12 points.

The BSE Mid-cap Index is trading up 0.57% at 10,294, whereas BSE Small-cap Index is trading up 0.43% at 11,034.

Some buying activity is seen in banking, consumer durables, FMCG, healthcare and oil & gas sectors, while capital goods and power sectors are showing weakness on BSE.

Kotak Mahindra Bank, HUL, Ashok Leyland, Adani Ports, Adani Enterprises, Coal India and Reliance Communications are among the gainers, whereas BHEL, Tata Motors, Hindalco Industries, Wipro, ICICI Bank and ONGC are losing sheen on BSE.

Stock news: Dena Bank is planning to raise BASEL lll compliant Additional Tier 1 (AT1) Bonds for an amount of Rs. 1000 crore, through private placement. Dena Bank is trading up 0.33% on BSE.