Tuesday 14 June 2016

Live Stock Market Updates - Sensex, Nifty languish in red

Some buying activity is seen in realty, consumer durables, utilities, capital goods, pharma, banking, metal and FMCG sectors, while IT, energy, telecom, finance and oil & gas showing weakness on BSE. The BSE Mid-cap Index is trading up 0.06% at 11,327, whereas BSE Small-cap Index is trading up 0.56% at 11,375.

Stock Market Down
The BSE Sensex opened 85.73 points, or 0.32% up at 26482.50, while NSE Nifty opened 23.80 points, or 0.29% up at 8,134.40.

At 1:29 PM, the S&P BSE Sensex is trading at 26,328 down 69 points, while NSE Nifty is trading at 8,050 down 25 points.

India's annual wholesale price inflation (WPI) moved further higher into the positive zone at 0.79% against 0.34% in April and -2.20%  in the corresponding month of the previous year.

The BSE Mid-cap Index is trading up 0.06% at 11,327, whereas BSE Small-cap Index is trading up 0.56% at 11,375.

Adani Ports, Cipla, SBI, Tata Motors, ITC and GAIL are among the gainers, whereas HDFC, HUL, TCS, Hero MotoCorp, and Bajaj-Auto are losing sheen on BSE.

Some buying activity is seen in realty, consumer durables, utilities, capital goods, pharma, banking, metal and FMCG sectors, while IT, energy, telecom, finance and oil & gas showing weakness on BSE.

The INDIA VIX is up 4.49% at 17.3275. Out of 1,810 stocks traded on the NSE, 470 declined, 1,047 advanced and 293 remained unchanged today.

A total of 56 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.

The Indian rupee depreciated against US Dollar in early trade. The rupee hit fresh 1-week low against US Dollar on sustained demand for the American currency from importers and bankers. Currently, the rupee trading at 67.16/$, down 3 paise.

Asian markets are trading on a mixed note. Nikkei 225 and Hang Seng in red. Shanghai Composite marginally up. Wall Street ended lower for a third straight session as Microsoft and Apple dragged on indexes.
On the economy front, CPI inflation increased to 21-months high of 5.76% in May 2016, while recording rise for second straight month. The CPI inflation had stood at 5.47% in April 2016. Investors also remained cautious ahead of WPI Inflation data for May which is scheduled to be released later in the day.

Reliance Defence stock was up by 2% at Rs. 62. Report says that the company is accelerating work on an inherited order for naval offshore patrol vessels (NOPVs) and has assured the Indian Navy of supplying all the five craft by the end of 2017.

Reliance Defence stock was up by 2% at Rs. 62. Report says that the company is accelerating work on an inherited order for naval offshore patrol vessels (NOPVs) and has assured the Indian Navy of supplying all the five craft by the end of 2017.

Deepak Fertilisers & Petrochemicals Corp Ltd jumped 6.5% to Rs.165 from its previous closing of Rs. 154.8 on the BSE. The company stated that Ministry of Chemicals and Fertilizers has agreed to release about Rs.485 crore outstanding subsidy payment to the company.

Unitech Ltd surged 9% to Rs.5.18 after the opening bell on the BSE. The apex consumer commission has asked the company to pay over Rs.48 lakh to a Delhi resident for failing to hand over an apartment in its Greater Noida project even after a decade, as per reports.

IVRCL Ltd has announced that pursuant to provisions of Companies Act, 2013 and SEBI (Issue of Capital Disclosure Requirement) Regulations, 2009 and implementation of SDR, the Company has made an allotment of 6,46,810 equity shares at a price of Rs. 8.765/- each, to Bank of Nova Scotia.

Jindal Steel and Power Ltd (JSPL) rose 1.2% to Rs.62.80 on the BSE. News reports stated that the company is set to get debt recast under the Reserve Bank's 5/25 scheme post deal with JSW Energy.

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