Wednesday 7 December 2016

Nifty trading above 8150, Idea, Eicher up

Domestic markets opened on a positive note ahead of the RBI's Monetary Policy Committee's policy statement. The MPC will reveal the details today at 2:30 pm. The market is hopeful that there will be an interest cut of 25 basis points. 

At 12:20 PM, the S&P BSE Sensex is trading at 26432.42 up 40 points, while NSE Nifty is trading at 8,162.85 up 19 points. A total of 15 stocks registered a fresh 52-week high in trade today, while 7 stocks touched a new 52-week low on the NSE.

Out of 1,880 stocks traded on the NSE, 576 declined, 952 advanced and 352 remained unchanged today.

The BSE Mid-cap Index is trading up 0.33% at 12384.53, whereas BSE Small-cap Index is trading up 0.29% at 12199.62.

Some buying activity is seen in Auto, Oil & Gas, Bank while Healthcare, Information Technology, Capital Goods, FMCG, Telecommunications are showing weakness on BSE.

Eicher Motors, BPCL, Adani Ports, HDFC, Yes Bank, Idea, Ultra Cement are among the gainers, whereas SSun Pharma, Zee Entertainment, TCS, Lupin, Tata Steel are losing sheen on NSE.

The INDIA VIX is down 2.30% at 16.7100.

Eicher Motors stocks up 2.52% based on expectations of rate cut by 50 bps

VST Tillers up 5% after company reported a 34.2% month-on-month increase in sales of power tillers to 1,495 units in November.

Pennar Engineered shares rose 3% after it announced the formation of its subsidiary PEBS Pennar in the US.

Sun Pharma down 4% as Halol unit gets US FDA notice.

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