Friday, 16 September 2016

Sensex up over 150 points

The domestic market came off their intra-day highs as investors booked profits at higher levels amid weak European cues. The Nifty50 gave up its gains of the day slipping below the 8,800 mark. Banking and metal stocks have lead the fall.

The Indian stock market rallied tracking positive trend seen in Asian markets after weak US data reduced the already low chance of an interest rate increase by the Federal Reserve at next week's meeting. The Sensex jumped over 250 points, while the broader Nifty50 rallied above its key 8,800 level.

The Nifty reclaimed its crucial level of 8,800 supported by gains in IT, realty, power, oil & gas, capital goods, banks, and auto stocks.


The S&P BSE Sensex is trading at 28,556 up 143 points, while NSE Nifty is trading at 8,763 up 21 points.

The BSE Mid-cap Index is trading down 0.41% at 13,037 whereas BSE Small-cap Index is trading down 0.25% at 12,714.

Hero MotoCorp, Bajaj Auto, Matuti Suzuki, SBI, Axis Bank and NTPC are among the gainers, whereas Cox & King, Monsanto, ICRA, Britannia and Sanofi are losing sheen on BSE.

Some buying activity is seen in FMCG, utilities, power, oil & gas, energy and IT sectors, while metal, banking, and industrial, realty and finance sectors are showing weakness on BSE.

The INDIA VIX is up 1.48% at 14.8950. Out of 1,856 stocks traded on the NSE, 885 declined, 719 advanced and 292 remained unchanged today.

A total of 43 stocks registered a fresh 52-week high in trades today, while 14 stocks touched a new 52-week low on the NSE.

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