The Indian stock market opened flat to positive but slipped into the negative zone in early trade on weak Asian cues. At 9:33 AM, the S&P BSE Sensex is trading at 27,827 down 18 points, while NSE Nifty is trading at 8,569 down mere three points.
The BSE Mid-cap Index is trading up 0.04% at 13,005 whereas BSE Small-cap Index is trading up 0.11% at 12,501.
Tata Motors, Axis Bank, Tata Steel, GAIL, RIL and ICICI Bank are among the gainers, whereas Adani Ports, Lupin, Wipro, TCS and Bajaj Auto are losing sheen on BSE.
Some buying activity is seen in oil and gas, auto, industrial and energy sectors, while IT, pharma, capital goods, banking, metal and teck sectors are showing weakness on BSE.
The INDIA VIX is up 2.65% at 13.9300. Out of 1,831 stocks traded on the NSE, 731 declined, 658 advanced and 442 remained unchanged today.
A total of 24 stocks registered a fresh 52-week high in trades today, while 16 stocks touched a new 52-week low on the NSE.
The rupee opened lower by 12 paise at 67.14/$ against US Dollar Monday as against the previous close of 67.05/$.
Asian markets are trading mixed. Nikkei 225 is trading in green, while Shanghai Composite and Hong Kong's Hang Seng are trading lower.
Investors are still trying to make sense and understand the implications of US Federal Reserve Chair Janet Yellen's speech on Friday. At Jackson Hole, she said the case for a rate hike was strengthening thereby re-echoing the views of other Fed officials.
Meanwhile, Bank of Japan’s Haruhiko Kuroda reiterated that the Japanese central bank was ready to do all that is needed to prevent the Japanese economy from sliding further into deflation.
The Narendra-Modi government hopes to advance the Winter Session of Parliament to ensure that the GST is rolled out by April 1, 2017. Infosys will remain in focus after the management decided to split its business into smaller units.
Wall Street ended mostly lower on Friday after Federal Reserve Chairwoman Janet Yellen said the case for an increase in U.S. short-term interest rates has strengthened in recent months. The Dow Jones Industrial Average fell 53.01 points, or 0.3%, to 18,395.40. The S&P 500 lost 3.43 points, or 0.16%, to 2,169.04. The Nasdaq Composite rose 6.71 points, or 0.13%, to 5,218.92.
The dollar is near a two-week high against the yen post fed commentary and crude prices declined.
India's foreign exchange reserves went up to $367.16 billion as on August 19. The foreign current assets stood at $341.67 billion, gold $21.58 billion, special drawing rights $1.49 billion and the reserve position with the International Monetary Fund (IMF) stood at $2.41 billion.
On the economy front, Nirmala Sitharaman defended her demand for 2 per cent cut in interest rates by RBI, saying it is essential to boost SMEs and create jobs, amid criticism that such a move would drastically affect fixed deposits.
The BSE Mid-cap Index is trading up 0.04% at 13,005 whereas BSE Small-cap Index is trading up 0.11% at 12,501.
Tata Motors, Axis Bank, Tata Steel, GAIL, RIL and ICICI Bank are among the gainers, whereas Adani Ports, Lupin, Wipro, TCS and Bajaj Auto are losing sheen on BSE.
Some buying activity is seen in oil and gas, auto, industrial and energy sectors, while IT, pharma, capital goods, banking, metal and teck sectors are showing weakness on BSE.
The INDIA VIX is up 2.65% at 13.9300. Out of 1,831 stocks traded on the NSE, 731 declined, 658 advanced and 442 remained unchanged today.
A total of 24 stocks registered a fresh 52-week high in trades today, while 16 stocks touched a new 52-week low on the NSE.
The rupee opened lower by 12 paise at 67.14/$ against US Dollar Monday as against the previous close of 67.05/$.
Asian markets are trading mixed. Nikkei 225 is trading in green, while Shanghai Composite and Hong Kong's Hang Seng are trading lower.
Investors are still trying to make sense and understand the implications of US Federal Reserve Chair Janet Yellen's speech on Friday. At Jackson Hole, she said the case for a rate hike was strengthening thereby re-echoing the views of other Fed officials.
Meanwhile, Bank of Japan’s Haruhiko Kuroda reiterated that the Japanese central bank was ready to do all that is needed to prevent the Japanese economy from sliding further into deflation.
The Narendra-Modi government hopes to advance the Winter Session of Parliament to ensure that the GST is rolled out by April 1, 2017. Infosys will remain in focus after the management decided to split its business into smaller units.
Wall Street ended mostly lower on Friday after Federal Reserve Chairwoman Janet Yellen said the case for an increase in U.S. short-term interest rates has strengthened in recent months. The Dow Jones Industrial Average fell 53.01 points, or 0.3%, to 18,395.40. The S&P 500 lost 3.43 points, or 0.16%, to 2,169.04. The Nasdaq Composite rose 6.71 points, or 0.13%, to 5,218.92.
The dollar is near a two-week high against the yen post fed commentary and crude prices declined.
India's foreign exchange reserves went up to $367.16 billion as on August 19. The foreign current assets stood at $341.67 billion, gold $21.58 billion, special drawing rights $1.49 billion and the reserve position with the International Monetary Fund (IMF) stood at $2.41 billion.
On the economy front, Nirmala Sitharaman defended her demand for 2 per cent cut in interest rates by RBI, saying it is essential to boost SMEs and create jobs, amid criticism that such a move would drastically affect fixed deposits.
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