Friday 2 September 2016

Sensex rallies over 100 points.. auto, telecom stocks lead

The Indian stock market opened higher led by gains in auto companies and ahead of US jobs data, which is expected to came in stronger, thus raising chances of a Federal Reserve rate hike soon. 

The BSE Sensex opened 75.24 points up at 28,498.72, whileNSE Nifty opened 21.70 points up at 8,796.35.

At 2:02 PM, the S&P BSE Sensex is trading at 28,474 up 60 points, while NSE Nifty is trading at 8,782 up 13 points.

The BSE Mid-cap Index is trading up 0.41% at 13,221 whereas BSE Small-cap Index is trading up 0.40% at 12,650.

Tata Motors, Adani Ports, Lupin, Hero MotoCorp and HDFC are among the gainers, whereas Coal India, Reliance Industries, L&T, GAIL, Bajaj Auto and M&M are losing sheen on BSE.

Some buying activity is seen in realty, auto, industrial, finance, banking and consumer durable sectors, while energy, metal, IT, telecom, teck, and oli & gas sectors are showing weakness on BSE.

The INDIA VIX is down 0.13% at 13.3325. Out of 1,857 stocks traded on the NSE, 591 declined, 949 advanced and 319 remained unchanged today.

A total of 41 stocks registered a fresh 52-week high in trades today, while 21 stocks touched a new 52-week low on the NSE.

L&T is trading lower at Rs.1,501. The construction arm of L&T has won orders worth Rs. 1,458 crores across its various business segments.

Telecom stocks wiped out its morning losses and trading higher on BSE. On Thursday, Mukesh Ambani announced the launch of much-talked about Jio 4G service, offering free voice calls and national roaming.

The BSE Telecom is trading higher 1.2% or 13.42 points at 1,170 as against the previous close of 1,566.58. The BSE Telecom opened at 1,150.26 and hits a high of 1,173.62 and a low of 1,145.20.

Bharti Airtel Ltd is currently trading at Rs. 317.7, up by Rs. 7 or 2.25% from its previous closing of Rs. 310.7 on the BSE. The scrip opened at Rs. 308.95 and has touched a high and low of Rs. 318.5 and Rs. 306.5 respectively. So far 12729330 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 124199.22 crore.

Idea Cellular Ltd is currently trading at Rs. 83.65, down by Rs. 0.05 or 0.06% from its previous closing of Rs. 83.7 on the BSE. The scrip opened at Rs. 82 and has touched a high and low of Rs. 84.25 and Rs. 80.65 respectively. So far 45043896(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 30140.63 crore.

Reliance Communications Ltd is currently trading at Rs. 49.3, up by Rs. 0.15 or 0.31% from its previous closing of Rs. 49.15 on the BSE. The scrip opened at Rs. 49 and has touched a high and low of Rs. 49.5 and Rs. 47.45 respectively. So far 27526974(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12233.34 crore.

ITC Ltd is currently trading at Rs. 262.5, up by Rs. 1.9 or 0.73% from its previous closing of Rs. 260.6 on the BSE.

Hindustan Construction Company Ltd is currently trading at Rs. 35.7, up by Rs.2.95 or 9.01% from its previous closing of Rs. 32.75 on the BSE. The stock has rally to the third straight day. In last three trading sessions the stock has rallied over 65%.

Maruti Suzuki India Ltd is currently trading at Rs.5162.95, up by Rs.104.7 or 2.07% from its previous closing of Rs. 5058.25 on the BSE. The company reported 12.2% growth in total sales to 1.32 lakh units in August 2016 over August 2015. This includes 119,931 units in the domestic market and 12,280 units of exports. The company had sold a total of 117,864 units in August 2015.
 
Atul Auto Ltd is currently trading at Rs. 454, up by Rs. 11.4 or 2.58% from its previous closing of Rs. 442.6 on the BSE. Atul Auto announced that total sales stood at 3,915 units in August 2016 compared to 3,906 units in August 2015, recording growth of 0.23%.

No comments:

Post a Comment