Thursday 15 September 2016

Live Stock Market Updates - Nifty holds 8,700 mark

The BSE Sensex opened 26.10 points up at 28,398.33, while NSE Nifty opened 17.25 points up at 8,743.85.

At 9:31 AM, the S&P BSE Sensex is trading at 28,408 up 36 points, while NSE Nifty is trading at 8,734 up mere seven points.

The BSE Mid-cap Index is trading up 0.03% at 13,129 whereas BSE Small-cap Index is trading up 0.57% at 12,784.

Cipla, Asian Paints, Adani Ports, ITC, RIL, Sun Pharmaceuticals and ICICI Bank are among the gainers, whereas Axis Bank, Infosys, Hero Motocorp, Tata Steel, Power Grid and Wipro are losing sheen on BSE.

Some buying activity is seen in pharma, FMCG, consumer discretionary and utilities sectors, while metal, IT, teck, banking, and metal sectors are showing weakness on BSE.

The INDIA VIX is down 1.06% at 14.6050. Out of 1,843 stocks traded on the NSE, 429 declined, 986 advanced and 428 remained unchanged today.

A total of 29 stocks registered a fresh 52-week high in trades today, while eight stocks touched a new 52-week low on the NSE.

The rupee opened marginally higher one paise at 66.88/$ against US Dollar Thursday as against the previous close of 66.89/$. 

Asian markets are lower this morning. Markets in China, Taiwan and South Korea were closed for public holidays on Thursday. Wall Street closed flat on Wednesday. The Dow Jones industrial average ended down 0.18% at 18,034.77 points and the S&P 500 gave up 0.06% to 2,125.77. The Nasdaq Composite added 0.36% to 5,173.77.

On the global front, the Bank of England will be a focus as the central bank is seen standing pat after easing policy last month, amid signs it overestimated the initial shock to Britain's economy from June's Brexit vote.

On the economy front, India's wholesale-price index (WPI) rose 3.74% in August, quicker than the 3.55% increase in July.

Labour Minister Bandaru Dattatreya to be present at a National Board for Workers Education and Development event in New Delhi. Finance Minister Jaitley to deliver the key note address at JP Morgan's Conference in New Delhi.

The IPO of L&T Technology Services, an arm of engineering giant Larsen and Toubro (L&T), was subscribed 71 per cent on the second day of the three-day bidding.

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