The Indian equity market opened lower on Friday weighed by weak global cues ahead of Christmas holiday.
At 12:08 PM, the S&P BSE Sensex is trading at 26,016 up 37 points, while NSE Nifty is trading at 7,987 up mere seven points. The BSE Mid-cap Index is trading up 0.33% at 11,848, whereas BSE Small-cap Index is trading up 0.26% at 11,832.
Sun Pharma, Bajaj Auto, L&T, Grasim and HUL are among the gainers, whereas Eicher Motors, Tata Power, HCL Tech and Tech Mahindra are losing sheen on NSE.
A total of three stocks registered a fresh 52-week high in trade today, while 29 stocks touched a new 52-week low on the NSE.
Out of 1,887 stocks traded on the NSE, 631 declined, 886 advanced and 370 remained unchanged today.
Some buying is observed in Pharma, Banking and Financial sectors, while FMCG, Telecom, Information Technology, Capital Goods and Metal are showing weakness on NSE.
The INDIA VIX is down 0.69% at 15.4450.
SUN PHARMACEUTICAL INDUSTRIES rallied 2.6% after the company has informed BSE that one of the wholly owned subsidiaries of the company has acquired 13,000,000 Series B Preferred Stock of scPharmaceuticals Inc. (equivalent to 14.58% fully diluted equity stake on conversion) by way of allotment.
WIPRO dipped 1%. The company announced that it has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to formally resolve the previously disclosed six-year-old investigation.
RELIANCE DEFENSE AND ENGINEERING LTD rose 3.6% to Rs 55 after huge block deal. Around 12.3 million shares or 1.7% stake of the company changed hands in a single block deal.
WELSPUN ENTERPRISES plunged 4%. Welspun Enterprises a part of $2.3 billion Welspun Group, on Thursday announced plans to buy back up to 25% of its share capital at a price of Rs 62 per equity share.
DEEPAK NITRITE tanked 3.7% to Rs 85.80 after huge block deal. Around 3 million shares of the company changed hands in two block deal
JK PAPER rose 2%. JK Paper Ltd has now informed BSE that the Company has decided at its meeting of Committee of Directors held on December 22, 2016, to sell 20 per cent shareholding of OJPPL to OHC, one of the joint venture parties.
SUZLON ENERGY rose 0.29% after the company announced a joint venture with AMP Solar for the development and construction of a 15 MW solar PV project located at Achampet, Mahaboobnagar District, Telangana.
TATA MOTORS dropped 1.6%. The sentiments that prevailed at the Tata Motors extraordinary general meeting mirrored the EGMs at the storied group's other companies, with a majority of shareholders speaking in favour of Tata Sons' interim chairman Ratan Tata.
HINDUJA VENTURES gained 3% after the Board of Directors at its meeting held December 22, 2016, has approved the disinvestment of 4,36,47,056 equity shares of Rs. 10 each held by the Company in Hinduja Energy (India) Limited.
YES BANK is trading marginally down at Rs 1,126. The bank has announced that it has received ratings for an additional amount of Rs 1500 crore of Basel III Compliant AT1 (Additional Tier-1) Bonds. This takes the quantum of rated Basel - III Compliant AT1 bonds to Rs 3600 crore.
GOODLUCK INDIA rallied 7.6%. The company announced that a meeting of the Board of Directors of the Company is scheduled to be held on 27 December 2016, inter alia, to issue and allot warrants convertible into equal number of equity shares to promoters on preferential basis
JBM AUTO inched up 1%.JBM Auto Ltd informed BSE that a meeting of Board of Directors is scheduled to be held on December 29, 2016, to re-consider the proposal for various fund raising options including through Qualified Institutions Placement subject to taking of shareholders' approval.
IGARASHI MOTORS INDIA slipped 1.7% after the company informed BSE that the meeting of the Board of Directors of the Company is scheduled on December 26, 2016, to discuss and consider business re-organization, including amalgamation of group Company(ies), to achieve synergies in business operation.
CENTRUM CAPITAL zoomed 6% to Rs 31.25 on the BSE. The promoters of Centrum Capital have increased their stake in the merchant banking firm through open market purchases, taking their total stake to 37.25 per cent in a Rs 51 crore deal.
The Indian rupee opened higher by six paise at 67.93 per dollar versus previous close of 67.98.
Crude is hovering around recent highs.The 20,000 mark remains elusive for the Dow. Italy is back on the radar after Monte dei Paschi di Siena failed to raise the 5 billion euros it badly needed to stay afloat; capital injection from the state is being sought.
Euro zone inflation could exceed 1 pc; the highest level since 2013, according to The European Central Bank.
Asian indices opened in the red with week end blues seeing caution ahead of the holiday shortened next week. Japanese markets will be shut for the Emperor’s birthday, while the Australian Securities Exchange (ASX) and the New Zealand Exchange will close earlier than usual on the last business day before Christmas.
US indices drifted lower as the 20000 mark still seems within reach even as US GDP growth recorded strong growth coming @ 3.5%.The year end blues saw profit booking in oil & US$ as the rally seems to be getting overstretched.
At 12:08 PM, the S&P BSE Sensex is trading at 26,016 up 37 points, while NSE Nifty is trading at 7,987 up mere seven points. The BSE Mid-cap Index is trading up 0.33% at 11,848, whereas BSE Small-cap Index is trading up 0.26% at 11,832.
Sun Pharma, Bajaj Auto, L&T, Grasim and HUL are among the gainers, whereas Eicher Motors, Tata Power, HCL Tech and Tech Mahindra are losing sheen on NSE.
A total of three stocks registered a fresh 52-week high in trade today, while 29 stocks touched a new 52-week low on the NSE.
Out of 1,887 stocks traded on the NSE, 631 declined, 886 advanced and 370 remained unchanged today.
Some buying is observed in Pharma, Banking and Financial sectors, while FMCG, Telecom, Information Technology, Capital Goods and Metal are showing weakness on NSE.
The INDIA VIX is down 0.69% at 15.4450.
SUN PHARMACEUTICAL INDUSTRIES rallied 2.6% after the company has informed BSE that one of the wholly owned subsidiaries of the company has acquired 13,000,000 Series B Preferred Stock of scPharmaceuticals Inc. (equivalent to 14.58% fully diluted equity stake on conversion) by way of allotment.
WIPRO dipped 1%. The company announced that it has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to formally resolve the previously disclosed six-year-old investigation.
RELIANCE DEFENSE AND ENGINEERING LTD rose 3.6% to Rs 55 after huge block deal. Around 12.3 million shares or 1.7% stake of the company changed hands in a single block deal.
WELSPUN ENTERPRISES plunged 4%. Welspun Enterprises a part of $2.3 billion Welspun Group, on Thursday announced plans to buy back up to 25% of its share capital at a price of Rs 62 per equity share.
DEEPAK NITRITE tanked 3.7% to Rs 85.80 after huge block deal. Around 3 million shares of the company changed hands in two block deal
JK PAPER rose 2%. JK Paper Ltd has now informed BSE that the Company has decided at its meeting of Committee of Directors held on December 22, 2016, to sell 20 per cent shareholding of OJPPL to OHC, one of the joint venture parties.
SUZLON ENERGY rose 0.29% after the company announced a joint venture with AMP Solar for the development and construction of a 15 MW solar PV project located at Achampet, Mahaboobnagar District, Telangana.
TATA MOTORS dropped 1.6%. The sentiments that prevailed at the Tata Motors extraordinary general meeting mirrored the EGMs at the storied group's other companies, with a majority of shareholders speaking in favour of Tata Sons' interim chairman Ratan Tata.
HINDUJA VENTURES gained 3% after the Board of Directors at its meeting held December 22, 2016, has approved the disinvestment of 4,36,47,056 equity shares of Rs. 10 each held by the Company in Hinduja Energy (India) Limited.
YES BANK is trading marginally down at Rs 1,126. The bank has announced that it has received ratings for an additional amount of Rs 1500 crore of Basel III Compliant AT1 (Additional Tier-1) Bonds. This takes the quantum of rated Basel - III Compliant AT1 bonds to Rs 3600 crore.
GOODLUCK INDIA rallied 7.6%. The company announced that a meeting of the Board of Directors of the Company is scheduled to be held on 27 December 2016, inter alia, to issue and allot warrants convertible into equal number of equity shares to promoters on preferential basis
JBM AUTO inched up 1%.JBM Auto Ltd informed BSE that a meeting of Board of Directors is scheduled to be held on December 29, 2016, to re-consider the proposal for various fund raising options including through Qualified Institutions Placement subject to taking of shareholders' approval.
IGARASHI MOTORS INDIA slipped 1.7% after the company informed BSE that the meeting of the Board of Directors of the Company is scheduled on December 26, 2016, to discuss and consider business re-organization, including amalgamation of group Company(ies), to achieve synergies in business operation.
CENTRUM CAPITAL zoomed 6% to Rs 31.25 on the BSE. The promoters of Centrum Capital have increased their stake in the merchant banking firm through open market purchases, taking their total stake to 37.25 per cent in a Rs 51 crore deal.
The Indian rupee opened higher by six paise at 67.93 per dollar versus previous close of 67.98.
Crude is hovering around recent highs.The 20,000 mark remains elusive for the Dow. Italy is back on the radar after Monte dei Paschi di Siena failed to raise the 5 billion euros it badly needed to stay afloat; capital injection from the state is being sought.
Euro zone inflation could exceed 1 pc; the highest level since 2013, according to The European Central Bank.
Asian indices opened in the red with week end blues seeing caution ahead of the holiday shortened next week. Japanese markets will be shut for the Emperor’s birthday, while the Australian Securities Exchange (ASX) and the New Zealand Exchange will close earlier than usual on the last business day before Christmas.
US indices drifted lower as the 20000 mark still seems within reach even as US GDP growth recorded strong growth coming @ 3.5%.The year end blues saw profit booking in oil & US$ as the rally seems to be getting overstretched.
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