Thursday 11 February 2016

Nifty trades below 7,200 mark

The INDIA VIX is up by 1.41% at 22.7825. Out of 1,741 stocks traded on the NSE, 906 declined, 307 advanced and 235 remained unchanged today.


At 9:37 AM, the S&P BSE Sensex is trading at 23,664 down by 95 points, while NSE Nifty is trading at 7,183 down 32 points.

The BSE Mid-cap Index is trading down by 0.42% at 9,976. whereas BSE Small-cap Index is trading down by 0.50% at 10,226.

Among sectoral indices, the BSE Capital Goods, Banking, FMCG, Oil and Gas  and Metal indices are shed over 1% each. Telecom indices is in green on BSE.

Dr.Reddy's Lab, SBI, Tata Motors, GAIL and Bharti Airtel are among the gainers, whereas Cipla, BHEL, ICICI Bank, Asian Paints, Maruti Suzuki and Tata Steel are losing sheen on BSE.

The INDIA VIX is up by 1.41% at 22.7825. Out of 1,741 stocks traded on the NSE, 906 declined, 307 advanced and 235 remained unchanged today.

A total of three stocks registered a fresh 52-week high in trades today, while 73 stocks touched a new 52-week low on the NSE.

Indian Rupee opened weaker by 10 paise at 67.95/$ in early trade on Thursday as against the previous close of 67.85/$. On a global front, market participants remained cautious ahead of Fed chief Janet Yellen testimony to US Senate. In this respect, she stated that the central bank will not likely undo the process of policy normalization, which has been initiated during December.

Asian markets are playing catch up on the downside as they opened after a break. Hong Kong is down over 3%, South Korea’s Kospi has dropped over 2%. US markets closed in the red. The Dow Jones Industrial Average lost 99.64 points, or 0.6%, to end at 15,914.74 - its fourth straight day of declines. This marks the blue-chip index’s longest period of declines since Aug. 18 to Aug. 25. Weakness in Walt Disney Co., which hit a 52-week low, and IBM cut about 50 points from the Dow industrials. The S&P 500 index finished unchanged at 1,851.86. Materials and Energy sectors led the losses, following a drop in oil prices. Only two of the S&P 500’s 10 sectors closed in the green: Healthcare was up 0.9% and Technology gained 0.4%. The S&P 500 is down 9.4% year to date. The Nasdaq Composite index advanced by 14.83 points, or 0.4%, to settle at 4,283.59.

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