The key benchmark indices is trading on a negative zone. Weakness in global stocks weighed on sentiment on the domestic bourses. The Sensex opened 17.62 points up at 29,062.90, while Nifty opened 18.20 points down at 8,934.30.
The IT index rebounds after two-day drubbing, making it the only advancing sectoral gauge on the NSE. The BSE Sensex plunged over 200 points and the NSE index Nifty was trading below the 8,900 mark owing to weak Asian cues.
The Sensex fell over 100 points and slipped below the key 29,000 levels in opening trades, while the Nifty slipped around 40 points to 8,915 levels.
At 12:01 PM, the S&P BSE Sensex is trading at 28,810 down 234 points, while NSE Nifty is trading at 8,876 down 77 points.
The BSE Mid-cap Index is trading down 0.62% at 13,395 whereas BSE Small-cap Index is trading down 0.36% at 12,876.
ONGC, GAIL, TCS, Wipro, Bharti Airtel, NTPC, RIL and Coal India are among the gainers, whereas Axis Bank, Tata Motors, HDFC, ITC, SBI, Adani Ports and ICICI Bank are losing sheen on BSE.
Some buying activity is seen in telecom, oil & gas,pharma, power, utiities and energy sectors, while banking, metal, finance, FMCG, auto and consumer durables sectors are showing weakness on BSE.
The INDIA VIX is up 1.90% at 13.3650. Out of 1,856 stocks traded on the NSE, 1,021 declined, 519 advanced and 316 remained unchanged today.
A total of 48 stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE.
The rupee opened lower by 14 paise at 66.57/$ against US Dollar Friday as against the previous close of 66.41/$.
Asian markets are trading mostly lower on Friday after reports indicated an earthquake in North Korea may have been caused by a nuclear test in the isolated nation. China’s Shanghai Composite is currently trading 0.04% higher at 3,097.34 points. South Korea’s Kospi index is at 2,035.42 points (down 1.39%) and Indonesia’s Jakarta Composite is at 5,324.49 points (down 0.88%), Nikkei 225 is at 16,926.25 points (down 0.19%). Taiwan’s Taiex at 9,176.23 points (down 0.94%), Singapore’s Straits Times at 2,866.97 points (down 0.96%), Hong Kong’s Hang Seng at 24,178.36 points (up 1.07%), Thailand’s SET Composite at 1,451.25 points (down 0.28%) and Singapore Nifty at 8,958.50 points (down 0.20%).
The European Central Bank (ECB) left interest rates unchanged. No hints were available about what the next move could be. However, central bankers around the world seem to echo that they have done their part and now it’s up to the governments to act.
Oil prices soared more than 4% after US Energy Information Administration said crude stockpiles dropped by 14.5 million barrels last week to 511.6 million barrels. Brent rose to as high as $50.14 per barrel on Thursday and last stood at $49.63, down 0.7% from Thursday’s close but still up almost 6% so far this week.
Wall Street closed lower on Thursday. The Dow Jones industrial average closed 0.25% lower at 18,479.91 points. The S&P 500 slipped 0.22% to close at 2,181.30 points. The Nasdaq dropped 0.46% to close at 5,261 points.
Investors will remain cautious as the government will issue Index of Industrial production (IIP) data for July.
On the global front, investors will also pay attention to Federal Reserve voting members Eric Rosengren and Daniel Tarullo, who were scheduled to speak later in the day, for hints on Fed rate expectations.
President Pranab Mukherjee gave approval to Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year, as per Tv report.
SIAM showed that passenger vehicle sales jumped by 16.7% in August compared to the same month last year, with automakers selling 2,58,722 units in August.
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
The IT index rebounds after two-day drubbing, making it the only advancing sectoral gauge on the NSE. The BSE Sensex plunged over 200 points and the NSE index Nifty was trading below the 8,900 mark owing to weak Asian cues.
The Sensex fell over 100 points and slipped below the key 29,000 levels in opening trades, while the Nifty slipped around 40 points to 8,915 levels.
At 12:01 PM, the S&P BSE Sensex is trading at 28,810 down 234 points, while NSE Nifty is trading at 8,876 down 77 points.
The BSE Mid-cap Index is trading down 0.62% at 13,395 whereas BSE Small-cap Index is trading down 0.36% at 12,876.
ONGC, GAIL, TCS, Wipro, Bharti Airtel, NTPC, RIL and Coal India are among the gainers, whereas Axis Bank, Tata Motors, HDFC, ITC, SBI, Adani Ports and ICICI Bank are losing sheen on BSE.
Some buying activity is seen in telecom, oil & gas,pharma, power, utiities and energy sectors, while banking, metal, finance, FMCG, auto and consumer durables sectors are showing weakness on BSE.
The INDIA VIX is up 1.90% at 13.3650. Out of 1,856 stocks traded on the NSE, 1,021 declined, 519 advanced and 316 remained unchanged today.
A total of 48 stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE.
The rupee opened lower by 14 paise at 66.57/$ against US Dollar Friday as against the previous close of 66.41/$.
Asian markets are trading mostly lower on Friday after reports indicated an earthquake in North Korea may have been caused by a nuclear test in the isolated nation. China’s Shanghai Composite is currently trading 0.04% higher at 3,097.34 points. South Korea’s Kospi index is at 2,035.42 points (down 1.39%) and Indonesia’s Jakarta Composite is at 5,324.49 points (down 0.88%), Nikkei 225 is at 16,926.25 points (down 0.19%). Taiwan’s Taiex at 9,176.23 points (down 0.94%), Singapore’s Straits Times at 2,866.97 points (down 0.96%), Hong Kong’s Hang Seng at 24,178.36 points (up 1.07%), Thailand’s SET Composite at 1,451.25 points (down 0.28%) and Singapore Nifty at 8,958.50 points (down 0.20%).
The European Central Bank (ECB) left interest rates unchanged. No hints were available about what the next move could be. However, central bankers around the world seem to echo that they have done their part and now it’s up to the governments to act.
Oil prices soared more than 4% after US Energy Information Administration said crude stockpiles dropped by 14.5 million barrels last week to 511.6 million barrels. Brent rose to as high as $50.14 per barrel on Thursday and last stood at $49.63, down 0.7% from Thursday’s close but still up almost 6% so far this week.
Wall Street closed lower on Thursday. The Dow Jones industrial average closed 0.25% lower at 18,479.91 points. The S&P 500 slipped 0.22% to close at 2,181.30 points. The Nasdaq dropped 0.46% to close at 5,261 points.
Investors will remain cautious as the government will issue Index of Industrial production (IIP) data for July.
On the global front, investors will also pay attention to Federal Reserve voting members Eric Rosengren and Daniel Tarullo, who were scheduled to speak later in the day, for hints on Fed rate expectations.
President Pranab Mukherjee gave approval to Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year, as per Tv report.
SIAM showed that passenger vehicle sales jumped by 16.7% in August compared to the same month last year, with automakers selling 2,58,722 units in August.
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
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