Wednesday, 31 August 2016

Nifty ends above 8750 mark

Closing Bell:

Finally, the BSE Sensex ended with a gain of 109 points at 28,452. The BSE Sensex opened at 28,372 touched an intra-day high of 28,532 and low of 28,363.

The NSE Nifty closed with a gain of 42 points at 8,786. The NSE Nifty opened at 8,754 hitting a high of 8,819 and low of 8,754.

Live Market:

The Indian equity market are trading higher on positive Asian cues.   The NSE Nifty50 index touched the 8,800 mark for the first time since April 15, 2015.

The stock market has extended gains for a third day led by gains in bank and pharma companies. The Sensex hit highest level in more than thirteen months. The Nifty hit highest level in more than sixteen months.

At 12:13 PM, the S&P BSE Sensex is trading at 28,405 up 62 points, while NSE Nifty is trading at 8,777 up 33 points.

The BSE Mid-cap Index is trading up 0.57% at 13,243 whereas BSE Small-cap Index is trading up 0.29% at 12,663.

Tata Motors, Hero MotoCorp, Dr.Reddy'sLupin, L&T and Bajaj Auto are among the gainers, whereas ONGC, NTPC, TCS, Tata Steel, Coal India and RIL are losing sheen on BSE.

Some buying activity is seen in auto, industrial, banking, consumer durables, capital goods, telecom and pharma sectors, while IT, utilities, power, metal and energy sector are showing weakness on BSE.

The INDIA VIX is up 1.55% at 13.2225. Out of 1,857 stocks traded on the NSE, 695 declined, 846 advanced and 316 remained unchanged today.

A total of 65 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.
The rupee opened marginally lower by 5 paise at 67.08/$ against US Dollar Wednesday as against the previous close of 67.02/$.

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