Thursday 6 October 2016

Live Stock Market Updates - Nifty above 8750 mark

At 9:26 AM, the S&P BSE Sensex is trading at 28,267 up 46 points, while NSE Nifty is trading at 8,754 up 10 points.

The BSE Mid-cap Index is trading up 0.31% at 13,660 whereas BSE Small-cap Index is trading up 0.49% at 13,355.

ONGC, RIL, GAIL, HUL, Power Grid and Tata Motors are among the gainers, whereas Axis Bank, Coal India, Infosys, SBI and Dr.Reddy's are losing sheen on BSE.

Some buying activity is seen in oil & gas, industrial, energy, metal, capital goods and telecom sectors, while banking, IT, teck, finance and realty are showing weakness on BSE.

The INDIA VIX is up 0.80% at 15.0450. Out of 1,834 stocks traded on the NSE, 408 declined, 1,013 advanced and 413 remained unchanged today.

A total of 69 stocks registered a fresh 52-week high in trades today, while three stocks touched a new 52-week low on the NSE.

The rupee opened lower four paise at 66.56/$ against US Dollar Thursday as against the previous close of 66.50/$.

Asian markets are showing a mixed trend on Thursday. Hang Seng and Nikkei 225 are trading in green. Mainland Chinese markets remained closed for the National Day holiday.

Wall Street closed higher on Wednesday. The Dow Jones industrial average rose 112.58 points, or 0.62%, to 18,281.03, the S&P 500 gained 9.24 points, or 0.43%, to 2,159.73 and the Nasdaq Composite added 26.36 points, or 0.5%, to 5,316.02.

Oil prices hit US$ 50, bond yields hit 1.7% highest in last 6 months & US$ hit 96.17 new 3 month highs as probability of Fed rate hike in US grew to 72%.This in turn saw commodities rise with emerging market indices also rising in tandem & the Brazilian 'Ibovespa" hitting new 52 week highs.

The Japanese "yen' weakened to 103.4 which also was a 3 month high as the 'Nikkei" stock index closed onto 17000, which was last seen 3 months back. Jobs data on Friday will see the Dow Jones react to further direction as rate hike speculation grows in the US.

On the economy front, Nikkei India Services Business Activity Index eased to 52 in September from 54.7 in August.

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