Monday 24 October 2016

Sensex ends up 102 points; ONGC up 4.5%

Closing Bell:

Finally, the BSE Sensex ended with a gain of 102 points at 28,179. The BSE Sensex opened at 28,157 touched an intra-day high of 28,257 and low of 28,076.

The NSE Nifty closed with a gain of 16 points at 8,709. The NSE Nifty opened at 8,710 hitting a high of 8,737 and low of 8,684.

Live Market:

The Indian equity market climbed along with Asian equities amid a retreat in crude oil prices.The domestic market turned flat after making a higher opening tracking positive trend among global peers.

The S&P BSE Sensex is trading at 28,173 up 96 points, while NSE Nifty is trading at 8,715 up 22 points.

The BSE Mid-cap Index is trading up 0.32% at 13,646, whereas BSE Small-cap Index is trading up 0.73% at 13,531.

GAIL, ICICI Bank, Adani Ports, Power Grid, Maruti Suzuki and SBI are among the gainers, whereas Wipro, Bharti Airtel, Asian Paints, Axis Bank and Hero MotoCorp are losing sheen on BSE.

Some buying activity is seen in banking, power, oil & gas, utilities, finance and energy sectors, while IT, consumer durables, teck and telecom are showing weakness on BSE.

The INDIA VIX is up 1.57% at 14.0475. Out of 1,877 stocks traded on the NSE, 549 declined, 1,037 advanced and 291 remained unchanged today.

A total of 122 stocks registered a fresh 52-week high in trades today, while six stocks touched a new 52-week low on the NSE.

Asian markets opened flat with markets awaiting earnings as strength in the US $ & rise in bond yields gets factored into most markets.

The market would be focused on earnings even as investors pay close attention to FII inflows and currency movement. While FIIs have largely been offloading positions, domestic funds seem to be witnessing positive activity in investments.

The rupee opened lower by one paise at 66.89/$ as against the previous close of 66.88/$.

India's foreign exchange reserves declined by $1.506 billion to USD 366.139 billion in the week to October 14, the Reserve Bank said. Foreign currency assets (FCAs), a major component of the overall reserves, dipped by $1.486 billion to $340.908 billion. Gold reserves remained steady at $21.406 billion.

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