Tuesday 9 August 2016

Live Stock Market Updates - Sensex, Nifty languish in red ahead of RBI policy


At 9:27 AM, the S&P BSE Sensex is trading at 28,129 down 54 points, while NSE Nifty is trading at 8,697 down 14 points.

The BSE Mid-cap Index is trading down 0.24% at 12,793, whereas BSE Small-cap Index is trading down 0.15% at 12,374.

Lupin, Tata Motors, Adani Ports, ONGC, NTPC and Bharti Airtel are among the gainers, whereas ITC, TCS, Bajaj Auto, HDFC, Infosys and RIL are losing sheen on BSE.

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

The INDIA VIX is up 0.66% at 14.6850. Out of 1,817 stocks traded on the NSE, 634 declined, 770 advanced and 413 remained unchanged today.

A total of 45 stocks registered a fresh 52-week high in trades today, while five stocks touched a new 52-week low on the NSE.

RBI governor Raghuram Rajan will likely choose to leave policy rates unchanged on Tuesday. Asian markets are trading higher. The Nikkei 225 and Shanghai Composite are marginally up. Hong Kong's Hang Seng is trading in red.

Wall street closed slightly lower on Monday. The Dow Jones industrial average closed 0.08% lower, at 18,529 points.The S&P 500 fell 0.09% and the Nasdaq slipped 0.15%. Oil prices moved higher on reports that OPEC may meet in September and lower output.

Bidding rounds for the country’s biggest-ever spectrum auction will begin from 29 September, in which mobile airwaves worth Rs.5.63 trillion at the base price value will be put up for sale. The GST finally got passed in Parliament and now the onus is on the states to get the same passed. The Prime Minister said implementation of a goods and services tax will end tax terrorism and incentivise traders to maintain clean accounts.

The Indian rupee opened flat at 66.84/$ against US Dollar Tuesday as against the previous close of 66.85/$. 

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