The BSE Mid-cap Index is trading up 0.11% at 13,559 whereas BSE Small-cap Index is trading up 0.38% at 13,329.
Sun Pharma, Wipro, Cipla, Lupin, RIL and ONGC are among the gainers, whereas ICICI Bank, ITC, Adani Ports, TCS, HUL and Bharti Airtel are losing sheen on BSE.
Some buying activity is seen in pharma, oil & gas, power, consumer durables and energy sectors, while auto, realty, banking, IT, industrial and telecom are showing weakness on BSE.
The INDIA VIX is down 0.91% at 14.4050. Out of 1,863 stocks traded on the NSE, 442 declined, 998 advanced and 423 remained unchanged today.
A total of 48 stocks registered a fresh 52-week high in trades today, while two stocks touched a new 52-week low on the NSE.
The rupee opened higher by four paise at 66.68/$ as against the previous close of 66.72/$.
A four-slab structure with two standard goods and services tax (GST) rates of 12% and 18% was proposed at the GST Council meeting on Tuesday. Expect action in sectors impacted by this move.
A clearance of stake sale by the government in around 20 entities is expected to be announced today. Buzz of MSCI rebalancing will also have an impact on stocks which are likely to be included and excluded. Endurance Technologies gets listed today. Oil futures rose after reports of a decline in U.S. crude supplies for the week ended Oct. 14.
Asian markets to open flat after a superb rally yesterday which saw indices stage a sharp comeback. Strength in the US$ could see collateral selling in Japanese stocks as the "yen hits 103 to the US$. The undertone however seems to be bullish with the Brazilian 'Bovespa" index leading from the front & hitting new 52 week highs. The commodity/energy led index is seeing huge out-performance in the emerging market basket of indices & which yesterday saw China & India also comeback strongly. All eyes were on the Chinese gross domestic product (GDP) report.
Wall Street closed higher on Tuesday. The Dow Jones industrial average rose 75.54 points to 18,161.94, the S&P 500 gained 13.1 points to 2,139.6 and the Nasdaq Composite added 44.01 points to 5,243.84. The S&P 500 posted 4 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 47 new highs and 60 new lows.
No comments:
Post a Comment