Tuesday 16 February 2016

Nifty trades above 7,150 mark

The INDIA VIX is down 2.06% at 21.9125. Out of 1,741 stocks traded on the NSE, 431 declined, 926 advanced and 384 remained unchanged today.


At 9:26 AM, the S&P BSE Sensex is trading at 23,608 up 54 points, while NSE Nifty is trading at 7,176 up 13 points.

In broader market, the Midcap has gained 0.08% at 9,957 and the Smallcap index has advanced 0.62% at 10,068.

ONGC, Adani Ports, NTPC, Tata Motors, Cipla, Tata Steel and Bharti Airtel are among the gainers, whereas L&T, Coal India, TCS, HDFC, Maruti Suzuki and Asian Paints are losing sheen on BSE.

The INDIA VIX is down 2.06% at 21.9125. Out of 1,741 stocks traded on the NSE, 431 declined, 926 advanced and 384 remained unchanged today.

A total of three stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE.

Indian Rupee opened lower by 7 paise at 68.13/$ in early trade on Tuesday as against the previous close of 68.13/$. On macroeconomic side, India’s exports contracted during January, the 14th consecutive monthly decline. Exports fell 13.6% on yoy basis, impacted by weak overseas demand. On inflation side, wholesale prices fell 0.0% during January, registering the contraction for the 15th consecutive month.

Most Asian markets are higher with Japan's benchmark Nikkei up a percent. China's CSI300 has gained 2.07%. Hong Kong's Hang Seng is up 1.44%, South Korea's Kospi is up 1.2% and Taiwan's TWSE is higher by 1.3%.  The result season is mostly out of the way and few names to announce their numbers include Net 4 India and Tirupati Inks.

The Government has extended for the second time U.K. Sinha’s term as Chairman of Securities & Exchange Board of India (SEBI).

Bharat Petroleum Corporation Ltd. (BPCL) says that the expansion work at its Kochi refinery is on track for scheduled commissioning in May this year, with about 90 per cent of the work done.

Titagarh Wagons Ltd. plans to merge its ship building business, currently carried out through subsidiaries, with the company, reports a business daily.

The Government announced the first-ever policy for the capital goods sector which envisages creation of 21 million additional jobs by 2025.

The Union Petroleum and Natural Gas Minister Dharmendra Pradhan has stressed on the need to enhance domestic production of Oil & Gas through process and technical improvements, besides enhanced exploratory coverage.

Piyush Goyal, Union Minister of State(IC) for Power, Coal and New & Renewable Energy said, “The efforts of Government have ushered the power sector in a new level of growth altogether which provides for the sector a possible investment opportunity, between 2015 & 2020, a five year period, of about $ 250 billion.

Reliance Jio Infocomm has teamed up with eight leading global carriers including British Telecom (BT), Deutsche Telekom, Millicom, MTS, Orange, Rogers, TeliaSonera and TIM to forge an international operator alliance to bring innovative products and services, according to reports.

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