Thursday, 1 September 2016

Sensex, Nifty lacklustre

The Indian stock market opened on a flat note Thursday as investors digested disappointing GDP and infrastructure output data and looked ahead to Friday's U.S. jobs report for clues regarding the Fed's next move.
 
At 12:46 PM, the S&P BSE Sensex is trading at 28,446 down six points, while NSE Nifty is trading at 8,778 down mere eight points.

The BSE Mid-cap Index is trading down 0.04% at 13,213 whereas BSE Small-cap Index is trading down 0.01% at 12,649.

GAIL, ICICI Bank, Tata Motors, M&M, Coal India and Bajaj Auto are among the gainers, whereas Bharti Airtel, Wipro, Adani Ports and HDFC Bank are losing sheen on BSE.

Some buying activity is seen in consumer durables, auto, industrial, banking and FMCG sectors, while telecom, realty, teck, oil & gas, capital goods and energy sectors are showing weakness on BSE.

The INDIA VIX is up 2.60% at 13.5875. Out of 1,853 stocks traded on the NSE, 845 declined, 726 advanced and 282 remained unchanged today.

A total of 63 stocks registered a fresh 52-week high in trades today, while 21 stocks touched a new 52-week low on the NSE.
 

BPCL, HPCL and IOC traded mixed after hiking petrol price by a steep Rs.3.38 per liter and diesel by Rs.2.67 a liter on Wednesday, reversing a two-month declining trend.

Bharti Airtel slipped 1% after slashing effective data tariffs.

Reliance Industries advanced 1% on BSE. 

Tata Motors rose 0.8% after the Supreme Court on Wednesday quashed the controversial acquisition of 997.11 acres of land in Singur in 2006 for the company's project.

Rajesh Exports inched up 1% on winning a Rs.1,172-cr job order from Singapore.

Bajaj Auto and Hero Moto Corp rose about a percent each before unveiling their August sales numbers.

MCX gained 1% on reporting a 55% rise in Q1 net profit.

The rupee opened marginally lower by 9 paise at 67.04/$ against US Dollar Thursday as against the previous close of 66.95/$.

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