Wednesday 13 January 2016

Sensex rises 150 points; Pharma, Auto gain

The BSE Mid-cap Index is trading up 0.73% at 10,864, whereas BSE Small-cap Index is trading up 0.78% at 11,566. Out of 1,76 stocks traded on the NSE, 268 declined and 1,109 advanced today. A total of 29 stocks registered a fresh 52-week high in trades today, while eight stocks touched a new 52-week low on the NSE.


Bombay Stock Exchange Up
At 9:26 AM, the S&P BSE Sensex is trading at 24,857 up 175 points, while NSE Nifty is trading at 7,567 up 56 points.

The BSE Mid-cap Index is trading up 0.73% at 10,864, whereas BSE Small-cap Index is trading up 0.78% at 11,566.

All sectors are in green on BSE.

Tata Motors, BHEL, Bharti Airtel, Infosys, RIL, Sun Pharma, Tata Steel and Adani Ports  are among the gainers, whereas TCS, United Brewries, Kartnataka Bank, Mindtree and Bayer Cropscience  are losing sheen on BSE.

The India VIX (Volatility) index is down 2.95% to 18.1600.

Out of 1,76 stocks traded on the NSE, 268 declined and 1,109 advanced today. A total of 29 stocks registered a fresh 52-week high in trades today, while eight stocks touched a new 52-week low on the NSE.

Indian Rupee opened higher at 66.82/$, higher by 4 paise in early trade on Wednesday as against the previous close of 66.86/$. On Tuesday, Indian rupee extended the weakness against the greenback, impacted by foreign capital outflows and ensuing fall in domestic equities. On macroeconomic front, India's industrial output declined in November, while retail inflation scaled higher.    In this respect, IIP reading contracted by 3.2%, a four year low. The number is in complete contrast with the growth of 9.9% during the prior month. Of late, Industrial production data has been very mercurial and it is difficult to gauge the actual trend. Consumer Inflation (CPI) for December inched higher towards 5.61%, when compared with the reading of 5.41% during November.


Asian markets are in the green with Japan's Nikkei up nearly 2%. South Korea has added 0.7%. US stocks ended higher on Tuesday despite persistent worries over sliding oil prices, as technology and healthcare shares rallied towards the close of trade. The main stock indexes started the day higher but dipped into negative territory by the afternoon amid continued pressure on oil prices. However, stocks managed to recover later in the session. The S&P 500 gained 0.8%, Dow Jones advanced 0.7% and Nasdaq Composite climbed 1%, snapping an eight-day losing streak. The Nymex crude oil futures lost 3.1% to end at US$30.44 per barrel - its lowest close since Dec. 1, 2003 after dipping as low as US$29.93.

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