Friday 30 September 2016

Live Stock Market Updates - Sensex, Nifty flat; telecom, FMCG drag

The Indian equity market started off the first day of October series on a positive note, rebounding sharply after previous day's sharp sell-off.

At 9:40 AM, the S&P BSE Sensex is trading at 27,875 up 47 points, while NSE Nifty is trading at 8,602 up 11 points.

The BSE Mid-cap Index is trading up 0.76% at 13,012 whereas BSE Small-cap Index is trading up 0.90% at 12,627.

GAIL, Infosys, Wipro, Sun Pharma, RIL and SBI are among the gainers, whereas Adani Ports, Bharti Airtel, Dr.Reddy's and Cipla are losing sheen on BSE.

Some buying activity is seen in realty, oil & gas, utilities, auto and pharma sectors, while FMCG, consumer durables and telecom are showing weakness on BSE.

The INDIA VIX is down 2.19% at 18.0450. Out of 1,850 stocks traded on the NSE, 564 declined, 916 advanced and 370 remained unchanged today.

A total of six stocks registered a fresh 52-week high in trades today, while 42 stocks touched a new 52-week low on the NSE.

The rupee opened marginally higher one paise at 66.85/$ against US Dollar Friday as against the previous close of 66.84/$.

Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel.

On the economy front, Finance Ministry exuded confidence that currency and stock markets will stabilise in the next few days and decisive action against terrorism will spur growth.

Asian markets are trading mixed. In Japan, the Nikkei 225 fell 1.6%. Hong Kong's Hang Seng slipped 1.3%, while Shanghai Composite is trading in green.

Wall Street closed lower on Thursday. The Dow Jones industrial average slid 1.07% to 18,143.45 points at the close, its sharpest decline since Sept 13. The S&P 500 lost 0.93% to end at 2,151.13 and the Nasdaq Composite dropped 0.93% to 5,269.15.

US crude futures added 1.7% to USD 47.83, after climbing to as high as USD48.32, the highest level in almost five weeks.

On agenda today are GST Council meet, CPI for Industrial workers and Core Sector growth for August. The rollovers have been below average. Foreign investors have pumped in over Rs.7,000 crore.

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