The Indian equity market snapped a three-day losing streak, opening with gains of 0.5%. The domestic market traded flat to positive following tepid global cues.
The S&P BSE Sensex is trading at 28,126 up 65 points, while NSE Nifty is trading at 8,724 up 27 points.
The BSE Mid-cap Index is trading down 0.01% at 13,541 whereas BSE Small-cap Index is trading up 0.40% at 13,275.
Markets got some support with NITI Aayog vice-chairman Arvind Panagariya’s statement that India can become a $10 trillion economy in the next 15 years, from the existing $2 trillion, like China did in last one and a half decade.
Tata Steel, Asian Paints, Cipla, M&M, Power Grid and Hero MotoCorp are among the gainers, whereas Bharti Airtel, TCS, Adani Ports, Infosys, HDFC and Sun Pharma are losing sheen on BSE.
Some buying activity is seen in metal, basic materials, consumer durables,pharma, utilities and FMCG sectors, while telecom, realty and finance are showing weakness on BSE.
The INDIA VIX is down 1.13% at 14.3200. Out of 1,875 stocks traded on the NSE, 572 declined, 1,010 advanced and 293 remained unchanged today.
A total of 94 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.
Tata Teleservices (Maharashtra) climbed 5.6% after the company succeeded in wining spectrum in 1800 MHz band in Mumbai and Maharashtra Service Areas with bid values of Rs 2446 crore and Rs 1590 crore respectively. The total upfront payment to be made to Department of Telecommunications by the Company is Rs 2018 crore.
RBL Bank rose 1% to Rs 311 after the company joined hands with NeoGrowth Credit Pvt. Ltd and Overseas Private Investment Corporation to provide financing for small and medium enterprises in the Indian retail space.
Sunil Hitech Engineers jumped 18% to Rs 378.20 on BSE after the company said its board will consider the issue of bonus shares and the issue of convertible warrants to the promoters and non-promoters on 11 October 2016.
Shriram City Union Finance rallied 2.2% to Rs 2,279 after the Banking and Securities Management Committee of the company allotted 1,000 non convertible redeemable debentures to two investors.
Jammu & Kashmir Bank Ltd advanced 1% to Rs 88 after huge block deal. Around 1.22 million shares of the company changed hands in a block deal.
Excel Crop Care Ltd rises 3.4% to Rs 1,472. Shroff family and Ratanbali group has completed 24.72% and 20.26% respectively stake to Sumitomo Chemical. Sumitomo Chemical now owns 64.94% stake in teh Excel Corp Care.
The S&P BSE Sensex is trading at 28,126 up 65 points, while NSE Nifty is trading at 8,724 up 27 points.
The BSE Mid-cap Index is trading down 0.01% at 13,541 whereas BSE Small-cap Index is trading up 0.40% at 13,275.
Markets got some support with NITI Aayog vice-chairman Arvind Panagariya’s statement that India can become a $10 trillion economy in the next 15 years, from the existing $2 trillion, like China did in last one and a half decade.
Tata Steel, Asian Paints, Cipla, M&M, Power Grid and Hero MotoCorp are among the gainers, whereas Bharti Airtel, TCS, Adani Ports, Infosys, HDFC and Sun Pharma are losing sheen on BSE.
Some buying activity is seen in metal, basic materials, consumer durables,pharma, utilities and FMCG sectors, while telecom, realty and finance are showing weakness on BSE.
The INDIA VIX is down 1.13% at 14.3200. Out of 1,875 stocks traded on the NSE, 572 declined, 1,010 advanced and 293 remained unchanged today.
A total of 94 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.
Tata Teleservices (Maharashtra) climbed 5.6% after the company succeeded in wining spectrum in 1800 MHz band in Mumbai and Maharashtra Service Areas with bid values of Rs 2446 crore and Rs 1590 crore respectively. The total upfront payment to be made to Department of Telecommunications by the Company is Rs 2018 crore.
RBL Bank rose 1% to Rs 311 after the company joined hands with NeoGrowth Credit Pvt. Ltd and Overseas Private Investment Corporation to provide financing for small and medium enterprises in the Indian retail space.
Sunil Hitech Engineers jumped 18% to Rs 378.20 on BSE after the company said its board will consider the issue of bonus shares and the issue of convertible warrants to the promoters and non-promoters on 11 October 2016.
Shriram City Union Finance rallied 2.2% to Rs 2,279 after the Banking and Securities Management Committee of the company allotted 1,000 non convertible redeemable debentures to two investors.
Jammu & Kashmir Bank Ltd advanced 1% to Rs 88 after huge block deal. Around 1.22 million shares of the company changed hands in a block deal.
Excel Crop Care Ltd rises 3.4% to Rs 1,472. Shroff family and Ratanbali group has completed 24.72% and 20.26% respectively stake to Sumitomo Chemical. Sumitomo Chemical now owns 64.94% stake in teh Excel Corp Care.
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