The Indian equity market fluctuated between gains and losses amid mixed global clues and ahead of U.S payrolls data.
At 12:03 PM, the S&P BSE Sensex is trading at 28,017 down 89 points, while NSE Nifty is trading at 8,682 down 28 points.
The BSE Mid-cap Index is trading down 0.01% at 13,539 whereas BSE Small-cap Index is trading down 0.10% at 13,212.
Tata Steel, Tata Motors, Lupin, GAIL and Axis Bank are among the gainers, whereas Asian Paints, Cipla, HDFC, L&T, Bajaj Auto and HUL are losing sheen on BSE.
Some buying activity is seen in metal, power, industrial and utilities sectors, while IT, oil & gas, capital goods, consumer durables and banking are showing weakness on BSE.
The INDIA VIX is down 1.19% at 14.6575. Out of 1,873 stocks traded on the NSE, 796 declined, 736 advanced and 341 remained unchanged today.
A total of 53 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.
Endurance Technologies got fully subscribed in only one hour on Day 3 of the bidding process. The quota limit for non-institutional investors (NIIs) saw bids for 4.79 lakh shares, while the quota for qualified institutional investors (QIBs) was subscribed 1.7 times.
IDBI Bank Ltd is currently trading at Rs. 72.85, up by Rs. 3 or 4.29% from its previous closing of Rs. 69.85 on the BSE. The government is looking to get IDBI Bank’s stalled disinvestment plan moving again, has instructed the lender’s management to bring its stake down to 52%.
Tata Steel Ltd is currently trading at Rs. 395.45, up by Rs. 6.15 or 1.58% from its previous closing of Rs. 389.3 on the BSE. The company registered Hot Metal production of 3.12 million tonnes in Q2 FY'17 (up by 17 per cent y-o-y) and 6.14 million tonnes in H1 FY'17 (up by 17 per cent y-o-y).
Bombay Dyeing & Manufacturing Company Ltd is currently trading at Rs. 60.2, up by Rs. 2.45 or 4.24% from its previous closing of Rs. 57.75 on the BSE. Around 20.5 lakh shares were traded in a multiple block at Rs 57.40-59.10 on the NSE and BSE.
Aurobindo Pharma Ltd is currently trading at Rs. 850, down by Rs. 6.6 or 0.77% from its previous closing of Rs. 856.6 on the BSE. Around 98 lakh shares were traded in a multiple block.
The rupee opened lower six paise at 66.75/$ against US Dollar Friday as against the previous close of 66.69/$.
Asian markets opened modestly lower on Friday. Hang Seng and Nikkei 225 are trading in red. Mainland Chinese markets remained closed for the National Day holiday.
Wall Street closed flat on Thursday as investors looked ahead to a key employment report. The Dow Jones industrial average fell 0.07%. The S&P 500 rose 0.05% and the Nasdaq fell 0.17%.
Globally markets are in consolidation as wild swings in the Pound sterling which fell 6.5% to a new 30 year low, rise in bond yields & oil hitting 4 month highs are unsettling participants. Strong US jobs data to offset rate hike in December is the market mood in the US as data is awaited today.
Spectrum sale ended on Thursday, five days after it started, with the government raising Rs 65,789.12 crore in revenue, of which less than half will accrue to the exchequer in the current fiscal year.
On the economy front, the Reserve Bank of India (RBI) has proposed widening the definition of a branch to make it easier for banks to meet the norm of opening 25% banking outlets in unbanked rural centres.
At 12:03 PM, the S&P BSE Sensex is trading at 28,017 down 89 points, while NSE Nifty is trading at 8,682 down 28 points.
The BSE Mid-cap Index is trading down 0.01% at 13,539 whereas BSE Small-cap Index is trading down 0.10% at 13,212.
Tata Steel, Tata Motors, Lupin, GAIL and Axis Bank are among the gainers, whereas Asian Paints, Cipla, HDFC, L&T, Bajaj Auto and HUL are losing sheen on BSE.
Some buying activity is seen in metal, power, industrial and utilities sectors, while IT, oil & gas, capital goods, consumer durables and banking are showing weakness on BSE.
The INDIA VIX is down 1.19% at 14.6575. Out of 1,873 stocks traded on the NSE, 796 declined, 736 advanced and 341 remained unchanged today.
A total of 53 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.
Endurance Technologies got fully subscribed in only one hour on Day 3 of the bidding process. The quota limit for non-institutional investors (NIIs) saw bids for 4.79 lakh shares, while the quota for qualified institutional investors (QIBs) was subscribed 1.7 times.
IDBI Bank Ltd is currently trading at Rs. 72.85, up by Rs. 3 or 4.29% from its previous closing of Rs. 69.85 on the BSE. The government is looking to get IDBI Bank’s stalled disinvestment plan moving again, has instructed the lender’s management to bring its stake down to 52%.
Tata Steel Ltd is currently trading at Rs. 395.45, up by Rs. 6.15 or 1.58% from its previous closing of Rs. 389.3 on the BSE. The company registered Hot Metal production of 3.12 million tonnes in Q2 FY'17 (up by 17 per cent y-o-y) and 6.14 million tonnes in H1 FY'17 (up by 17 per cent y-o-y).
Bombay Dyeing & Manufacturing Company Ltd is currently trading at Rs. 60.2, up by Rs. 2.45 or 4.24% from its previous closing of Rs. 57.75 on the BSE. Around 20.5 lakh shares were traded in a multiple block at Rs 57.40-59.10 on the NSE and BSE.
Aurobindo Pharma Ltd is currently trading at Rs. 850, down by Rs. 6.6 or 0.77% from its previous closing of Rs. 856.6 on the BSE. Around 98 lakh shares were traded in a multiple block.
The rupee opened lower six paise at 66.75/$ against US Dollar Friday as against the previous close of 66.69/$.
Asian markets opened modestly lower on Friday. Hang Seng and Nikkei 225 are trading in red. Mainland Chinese markets remained closed for the National Day holiday.
Wall Street closed flat on Thursday as investors looked ahead to a key employment report. The Dow Jones industrial average fell 0.07%. The S&P 500 rose 0.05% and the Nasdaq fell 0.17%.
Globally markets are in consolidation as wild swings in the Pound sterling which fell 6.5% to a new 30 year low, rise in bond yields & oil hitting 4 month highs are unsettling participants. Strong US jobs data to offset rate hike in December is the market mood in the US as data is awaited today.
Spectrum sale ended on Thursday, five days after it started, with the government raising Rs 65,789.12 crore in revenue, of which less than half will accrue to the exchequer in the current fiscal year.
On the economy front, the Reserve Bank of India (RBI) has proposed widening the definition of a branch to make it easier for banks to meet the norm of opening 25% banking outlets in unbanked rural centres.
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