The BSE Mid-cap Index is trading down 1.18% at 11,008, whereas BSE Small-cap Index is trading down 1.46% at 11,677.
The BSE Mid-cap Index is trading down 1.18% at 11,008, whereas BSE Small-cap Index is trading down 1.46% at 11,677.
All sector are showing weakness on BSE.
Lupin, SJVN, Vakrangee, HPCL and Kajaria Ceramics are among the gainers, whereas Tata Motors, Tata Steel, Adani Ports, Axis Bank and ICICI Bank are losing sheen on BSE.
The India VIX (Volatility) index is up 7.76% to 17.83. Out of 1,770 stocks traded on the NSE, 1,345 declined and 166 advanced today.
A total of 33 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.
Indian Rupee opened at 66.88/$ weaker by 5 paise in early trade on Thursday as against the previous close of 66.83/$. Yesterday, Indian rupee lost ground against US dollar, impacted by weakness in global equities and strong demand for the greenback. On the global front, China’s stock market was suspended after shares crashed 7% leading to a lower circuit on the index.The Shanghai Composite Index plunged 6.75%. The Shenzhen Composite Index, tumbled over 8%. Meanwhile, People's Bank of China has set the Yuan’s reference rate at 6.5646, the lowest levels since April 2011. Offshore, the currency today is trading around 6.59 levels against the greenback. In order to stem the rout in the markets, Chinese central bank has injected further liquidity by initiating weekly reverse repos worth US$70bn.
Tata Motors slipped 3.7% to Rs.352.40 on BSE. The share price was also hit after China stocks slumped after the People's Bank of China (PBOC) set the yuan’s reference rate at 6.5646, the lowest levels since April 2011. While concerns continue about China, on Wednesday, JLR, part of Tata Motors, announced its December 2015 US sales, showing a rise of 47 percent in Land Rover's sales volume, clocking 8,441 units as compared to sales in the last year in the same corresponding month. Jaguar sales were down by 29% at 1,197 units being sold in Dec'15.
Kalpataru Power Transmission soared 2% to Rs.256 on BSE. The company has acquired 100% equity share capital of an SPV Company Alipurduar Transmission Ltd (ATL).
NBCC gained 1% to Rs.1,012 after the company has secured total business amounting to Rs. 8,523 crore (approximately) in December, 2015.
IndiGo jumped 2.7% to Rs.1,268 on BSE. The aviation company has launched 24 new flights on its domestic network which include first daily non-stop flight between Delhi and Thiruvananthapuram.
Shares of Sun Pharmaceuticals are currently trading 0.24% higher at Rs. 794.40 on BSE after its subsidiary received tentative approval for generic of Vimpat, according to media reports.
Deepak Nitrite slipped 1.2% to Rs.73.20 on BSE. According to BSE data, the company has raised Rs. 83.30 crore from institutional investors through private placement of shares. The company said the project funding committee of board of directors of the company has approved the allottment of 1,17,50,000 shares of Rs. 2 each at Rs. 70.90 per Equity Share.
Premier Explosives rallied for the second consecutive session on BSE. Currently, the stock is trading higher by 2.4% at Rs.507.60. On Wednesday, the company said in a notice to BSE that it is in pact with Israel Aerospace Industries Limited for exploring potential business opportunities.
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