Wednesday 28 September 2016

Live Stock Market Updates - Nifty holds 8,700 mark

At 10:53 AM, the S&P BSE Sensex is trading at 28,218 down mere six points, while NSE Nifty is trading at 8,714 up mere seven points.

The BSE Mid-cap Index is trading up 0.52% at 13,344 whereas BSE Small-cap Index is trading up 0.53% at 12,793.

Tata Steel, GAIL, Axis Bank, Bajaj Auto, L&T, Tata Motors and Power Grid are among the gainers, whereas Adani Ports, TCS, RIL, Wipro, Bharti Airtel and Infosys are losing sheen on BSE.

Some buying activity is seen in metal, capital goods, pharma, FMCG, consumer durables and auto sectors, while IT, energy and teck sectors are showing weakness on BSE.

The INDIA VIX is down 0.12% at 14.2325. Out of 1,856 stocks traded on the NSE, 391 declined, 1,030 advanced and 435 remained unchanged today.

A total of 29 stocks registered a fresh 52-week high in trades today, while 13 stocks touched a new 52-week low on the NSE.

The rupee opened higher four paise at 66.46/$ against US Dollar Wednesday as against the previous close of 66.48/$.

Asian markets are trading in negative zone. Shanghai Composite and Nikkei 225 are in red. Wall Street closed higher on Tuesday. The Dow Jones industrial average rose 0.74% to end at 18,228.3 points and the S&P 500 gained 0.64% to 2,159.93. The Nasdaq Composite added 0.92% to 5,305.71.

Oil fell about 3% on Tuesday after Saudi Arabia and Iran dashed market expectations that the two major OPEC producers would find a compromise this week at a meeting in Algiers to help ease a global glut of crude, as per media report.

On the global front, the board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced today.

On the political front, Labour and Employment Minister Dattatreya to hold press conference on BRICS Labour and Employment Ministerial meeting in New Delhi.

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