At 10:49 AM, the S&P Sensex is trading at 25,957 down 95 points, while NSE is trading at 7,994 down 39 points. Out of 1,882 stocks traded on the NSE, 724 declined, 792 advanced and 366 remained unchanged today.
A total of 6 stocks registered a fresh 52-week high in trade today, while 20 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading down 0.29% at 12,008, whereas BSE Small-cap Index is trading up 0.09% at 11,816.
Hindalco, Infosys, Asian Paints, Dr Reddy, Hero Motors are among the gainers, whereas Eicher Motors, Tata Motors, Kotak Bank, Bosch, Bank of Baroda, Lupin, are losing sheen on NSE in the morning trading hour.
Some buying activity is seen in Information Technology, Metal, Telecommunication sectors, while Auto, Banking, Healthcare, Capital Goods, Consumer Durables are showing weakness on BSE.
The INDIA VIX is up 2.17% at 18.4325.
Asian markets opened in the red except the Japanese 'Nikkei" which continues to be in a new bull market orbit. With the US markets closed on Friday for an extended weekend expect profit booking as globally markets digest the gains of last fortnight. Gold prices weaken & bond yields fell as the US $ & indices hit new highs.
The US indices saw their third day of gain ahead of the Thanksgiving Day holiday. The dollar has been on a one way street strengthened by expectations of higher interest rates from the Fed sooner than later. The languishing rupee is down nearly 3pc in November giving heart-aches to importers and some comfort to export-oriented companies.
Foreign investors have offloaded nearly Rs 12,000 crore net in equities and almost similar amount in bonds during November. The usual volatility may set in towards the close of trading. Signals are mixed from Asia even as the Japanese stocks continue to appreciate. The rollovers have been the lowest in half a year, especially the Bank Nifty. Few notable sectors seeing better rolls include pharma, auto, metals and real estate.
On the economy front, Securities houses and rating agencies have cut their estimates of India’s GDP growth in anticipation of temporary headwinds from the 8 November demonetisation of high-value currency notes.
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