Tuesday, 27 September 2016

Live Stock Market Updates - Nifty trades above 8,570 mark

The Sensex rallies over 100 points while the broader Nifty50 moved above its crucial psychological level of 8,750 on the back of buying in metal, oil & gas and auto stocks.

At 9:47 AM, the S&P BSE Sensex is trading at 28,387 up 93 points, while NSE Nifty is trading at 8,752 up 29 points.

The BSE Mid-cap Index is trading up 0.50% at 13,327 whereas BSE Small-cap Index is trading up 0.64% at 12,970.

Power Grid, Axis Bank, Infosys, TCS, Hero MotoCorp and Reliance Industries and are among the gainers, whereas ICICI Bank, Bharti Airtel, GAIL, HDFC, L&T, Maruti Suzuki and HUL are losing sheen on BSE.

Some buying activity is seen in IT, teck, realty, oil &gas, power, metal, energy, pharma, auto and banking sectors, while capital goods and telecom sectors are showing weakness on BSE.

The INDIA VIX is down 2.74% at 14.1650. Out of 1,856 stocks traded on the NSE, 372 declined, 1,085 advanced and 399 remained unchanged today.

A total of 50 stocks registered a fresh 52-week high in trades today, while 18 stocks touched a new 52-week low on the NSE.

The rupee opened higher six paise at 66.54/$ against US Dollar Tuesday as against the previous close of 66.60/$.

Asian markets are trading mixed. Shanghai Composite and Nikkei 225 are trading marginally higher while Nikkei 225 slipped 0.33%.

Wall Street closed lower on Monday. The Dow Jones industrial average dropped 0.91% to end at 18,094.83 points and the S&P 500 lost 0.86% to 2,146.1. The Nasdaq Composite lost 0.91% to finish at 5,257.49.

FIPB approved 11 proposals entailing foreign direct investment (FDI) inflow of over Rs 2,300 crore. Among the proposals cleared, Sharekhan Ltd would attract foreign investment of Rs 2,060 crore.

On the global front, US Federal Reserve Vice-Chair Stanley Fischer to speak at the Howard University Economic Convocation. 

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