The BSE Mid-cap Index is trading up 0.55% at 12,066, whereas BSE Small-cap Index is trading down 0.03% at 11,836. The INDIA VIX is down 4.52% at 17.8625. Out of 1,851 stocks traded on the NSE, 742 declined, 783 advanced and 349 remained unchanged today.
The domestic market fluctuated between gains and losses as extended decline in consumer durables and select auto stocks countered a rally in energy producers. The Nifty50 opened below the 8,100 mark.
At 11:14 AM, the S&P BSE Sensex is trading at 26,240 up 12 points, while NSE Nifty is trading at 8,088, up by a mere eight points.
The BSE Mid-cap Index is trading up 0.55% at 12,066, whereas BSE Small-cap Index is trading down 0.03% at 11,836.
NTPC, ONGC, Bajaj Auto, GAIL, M&M, HDFC, RIL and Maruti Suzuki are among the gainers, whereas Tata Motors, Dr Reddy's, Sun Pharmaceuticals, ITC, Adani Ports, Wipro are losing sheen on BSE.
Some buying activity is seen in oil & gas, power and energy sectors, while consumer durables, auto, banking, finance and telecom sectors are showing weakness on BSE.
The INDIA VIX is down 4.52% at 17.8625. Out of 1,851 stocks traded on the NSE, 742 declined, 783 advanced and 349 remained unchanged today.
A total of two stock registered a fresh 52-week high in trade today, while 39 stocks touched a new 52-week low on the NSE.
The Indian rupee opened lower by 18 paise at 68/$ against Friday's close as against the previous close of 67.81/$. The rupee fell to its lowest level since June 24.
Asian markets opened mixed with currency weakness hitting most indices. The Japanese yen hit 110 to the US$ & led the gainers with the Nikkei index scaling 18,000 while the South Korean won led the Kospi index lower. Expect the volatility to settle down by next week as the markets adjust to the new reality of higher bond yields globally as cost of money rises.
The economic data of the US seems to justify a rate hike ‘relatively soon’ says Fed Reserve Chair Janet Yellen, who intends to serve out her full term in office. Japanese Prime Minister Shinzo Abe is set to meet US President-elect Donald Trump in New York today. Fitch Ratings warned about the uncertainty created by Trump’s campaign rhetoric, stating talks of a more unilateral foreign policy are particularly significant given US status as the world’s biggest economy and a key diplomatic and military power.
RBI has decided to expand the list of eligible debt instruments foreign portfolio investors (FPIs) are allowed to invest in and included unlisted securities such as non-convertible debentures (NCDs) and bonds issued by public or private companies.
Parliament paralysis is back in India as the political slugfest continued over the demonetisation move even as the Opposition demanded the prime minister’s presence in the Rajya Sabha.
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