Thursday 15 December 2016

Nifty trading over 8200, Sun Pharma down

The S&P BSE Sensex is trading at 26678 up 75 points, while NSE Nifty is trading at 8,203 up 21 points. A total of 16 stocks registered a fresh 52-week high in trade today, while 14 stocks touched a new 52-week low on the NSE.

Out of 1882 stocks traded on the NSE, 484 declined, 1027 advanced and 371 remained unchanged today.

The BSE Mid-cap Index is trading up 0.36% at 12285, whereas BSE Small-cap Index is trading up 0.68% at 12200.8.

Some buying activity is observed in Information Technology, Bank, Auto, Metal, Capital Goods sectors, while Healthcare, Oil & Gas, FMCG, Energy are showing slight weakness on BSE.

TCS, HCL, M&M, PowerGrid, IndusInd Bank, Bajaj Auto, Infosys are among the gainers, whereas Sun Pharma, Tata Motors, BPCL, Ultratech Cement, Bharti Airtel, Dr Reddy are losing sheen on NSE.

The INDIA VIX is down 6.73% at 15.4.

The SGX Nifty 50 December futures were marginally up today.

Buzzing Stocks:
Infosys stocks up +1.53%, Company makes announcement on investment plans in ideaForge.
An overwhelming majority of shareholders of Tata Consultancy Services (TCS) voted to oust Cyrus Mistry as Director from the company’s board at the company’s extraordinary general meeting (EGM) held in Mumbai.
The US drug regulator has flagged serious problems with the testing programmes at drugmaker Sun Pharma's manufacturing facility at Halol.
Bharti Airtel and Vodafone India are pushing ahead the government's broad agenda to move towards cashless economy, at a time when demonetisation has crippled cash payments due to inadequate cash in the system. 
Bajaj Electricals has entered into a strategic alliance with the UK-based firm Gooee to create lighting products and solutions on the Internet of Things (IoT) platform.
NTPC has lined up investments worth Rs 26.48 bn for developing three coal blocks in Odisha.
Lupin has received approval from the US health regulator to market its Desoximetasone ointment, used for providing relief from inflammation and itching in a skin disease.
Indian Oil Corp sought up to 80,000t of 40ppm sulphur diesel for delivery in late December. 
Welspun India Ltd announced its foray into flooring solutions with an investment of Rs6bn to set up a manufacturing facility for carpets, area rugs and carpet tiles at Anjar in Kutch district of Gujarat.
Wipro chief executive has split the information technology (IT) major's India and Middle East (West Asia) business in two. And, carved a separate hyper automation group by consolidating the Artificial Intelligence (AI) assets such as Holmes that would be headed by its chief technology officer, K R Sanjiv. 
NTPC has decided to replace over 25-year-old power plants totaling 11GW capacity in the next five years at an investment of Rs 500 billion.

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