Thursday 1 December 2016

Sensex closes in red and Nifty ends below 8200

The Indian stock market snapped a four-day winning streak as investors felt a rally in auto stocks was overdone. Also, prospects of crude oil prices going higher led to a slide in select oil related stocks.

India’s GDP grew lower than expected in the September quarter at 7.3%, as compared to 7.6% in the same quarter last year.

The Nikkei/ Market Manufacturing Purchasing Managers' Index fell to 52.3 in November from October's 54.4, its biggest month-on-month decline since March 2013.

The BSE Sensex ended with a loss of 93 points at 26559.92. The benchmark indices opened at 26756.66, touched an intra-day high of 26769.32 and low of 26540.82.

The NSE Nifty closed 33 points lower at 8192.90. It opened at 8,244.00 points, hitting a high of 8,250.80 and low of 8,185.05.

The India VIX (Volatility) index was down 0.96% at 16.6875. The BSE Midcap closed at 12355.03 and Smallcap indices closed at 12250.42, both indices ending marginally lower. Out of 1511 stocks traded on the NSE, 975 declined and 496 advanced today.

A total of 26 stocks registered a fresh 52-week high in trade today, whereas 11 stocks touched a new 52-week low on the NSE.

At the close of day, Eicher Motors, GAIL, Infratel, Hero Motocorp, Sun Pharma, Dr Reddy, Bajaj Auto were the top gainers while Idea, Powergrid, Asian Paints, Hindalco, Tata Motors, ICICI Bank were among the losers on NSE.

The rupee was trading at 68.35  per US dollar. Gold was trading at Rs 28,120 per 10 gms and silver was trading at Rs 39,790 per kg.

European stock markets were trading slightly in red as investors focused on political developments in Italy and key data releases after the oil-producing cartel OPEC agreed to cut production.

On the global front, most Asian indices closed in green and marginally up. In Europe, the FTSE 100 was down 0.50%. CAC 40 and DAX was down 0.42% and 0.43% respectively, where all indices were trading in red while, the US Nasdaq was also down 1.06%.

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