At 9:31 AM, the S&P BSE Sensex is trading at 27,712 up 38 points, while NSE Nifty is trading at 8,583 down mere one points.
The BSE Mid-cap Index is trading up 0.36% at 13,468 whereas BSE Small-cap Index is trading up 0.40% at 13,230.
ICICI Bank, NTPC, GAIL, Axis Bank, SBI and ONGC are among the gainers, whereas Asian Paints, HDFC Bank, M&M, Bharti Airtel and Adani Ports are losing sheen on BSE.
Some buying activity is seen in banking, realty and FMCG sectors, while media, metal, auto and pharma are showing weakness on NSE.
The INDIA VIX is up 3.74% at 15.4450. Out of 1,861 stocks traded on the NSE, 599 declined, 841 advanced and 421 remained unchanged today.
A total of 46 stocks registered a fresh 52-week high in trades today, while seven stocks touched a new 52-week low on the NSE.
The rupee opened lower by 11 paise at 66.81/$ as against the previous close of 66.70/$.
On the economy front, India’s WPI in the month of September 2016 softened to 3.57% compared to 3.74% in the previous month. Also, retail inflation eased sharply to 4.31% in September, the slowest in more than a year, from 5.05% from August, mainly on account of a sharp fall in food prices.
Friday’s speech by Janet Yellen saw markets getting a bit worried as she guided that the Fed may need to run a ‘high-pressure’ economy with robust aggregate demand and a tight labor market to deal with the damage caused by the global financial crisis. While the Fed will look at plausible ways for the same, speculation continues on whether interest rates will be raised given that inflation is likely to inch higher on account of rising crude oil prices.
Asian markets traded mixed in the early start as markets continue to seek direction with event risk seeing caution prevail. Rise in US bond yields to 4 month highs, strength in the US $ ahead of the US elections & the subsequent Fed monetary policy are all seeing profit booking in most global equity markets. Oil prices retreated while Gold prices firmed up as defensive buying re emerged.
Life Insurance Corp. of India (LIC) has decided to part-fund the government’s ambitious projects till completion and initially invest up to Rs6,000 crore in bonds sold by the National Highways Authority of India (NHAI) this financial year alone.
Ruia’s promoted Essar Oil sealed a deal with Russia’s Rosneft, United Capital Partners and Trafigura Group Pte. to sell 98% in its most priced asset, the 20 million tonnes per annum Vadinar refinery and Vadinar port in Gujarat.
The BSE Mid-cap Index is trading up 0.36% at 13,468 whereas BSE Small-cap Index is trading up 0.40% at 13,230.
ICICI Bank, NTPC, GAIL, Axis Bank, SBI and ONGC are among the gainers, whereas Asian Paints, HDFC Bank, M&M, Bharti Airtel and Adani Ports are losing sheen on BSE.
Some buying activity is seen in banking, realty and FMCG sectors, while media, metal, auto and pharma are showing weakness on NSE.
The INDIA VIX is up 3.74% at 15.4450. Out of 1,861 stocks traded on the NSE, 599 declined, 841 advanced and 421 remained unchanged today.
A total of 46 stocks registered a fresh 52-week high in trades today, while seven stocks touched a new 52-week low on the NSE.
The rupee opened lower by 11 paise at 66.81/$ as against the previous close of 66.70/$.
On the economy front, India’s WPI in the month of September 2016 softened to 3.57% compared to 3.74% in the previous month. Also, retail inflation eased sharply to 4.31% in September, the slowest in more than a year, from 5.05% from August, mainly on account of a sharp fall in food prices.
Friday’s speech by Janet Yellen saw markets getting a bit worried as she guided that the Fed may need to run a ‘high-pressure’ economy with robust aggregate demand and a tight labor market to deal with the damage caused by the global financial crisis. While the Fed will look at plausible ways for the same, speculation continues on whether interest rates will be raised given that inflation is likely to inch higher on account of rising crude oil prices.
Asian markets traded mixed in the early start as markets continue to seek direction with event risk seeing caution prevail. Rise in US bond yields to 4 month highs, strength in the US $ ahead of the US elections & the subsequent Fed monetary policy are all seeing profit booking in most global equity markets. Oil prices retreated while Gold prices firmed up as defensive buying re emerged.
Life Insurance Corp. of India (LIC) has decided to part-fund the government’s ambitious projects till completion and initially invest up to Rs6,000 crore in bonds sold by the National Highways Authority of India (NHAI) this financial year alone.
Ruia’s promoted Essar Oil sealed a deal with Russia’s Rosneft, United Capital Partners and Trafigura Group Pte. to sell 98% in its most priced asset, the 20 million tonnes per annum Vadinar refinery and Vadinar port in Gujarat.
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