Monday 19 December 2016

Sensex drops below 26500; Aurobindo Pharma up

Sensex following the first hour of trading has dropped over 100 points and dipped below 26500. While, Nifty is holding at 8100, Nifty sectoral indices are trading in red wherein only Nifty PSU Banks has moved to green. Also, the Sensex indices are trading in the negative range and are marginally down.

At 10:42 AM, the S&P BSE Sensex is trading at 26424 down 66 points, while NSE Nifty is trading at 8,119 down 20 points. A total of 12 stocks registered a fresh 52-week high in trade today, while 14 stocks touched a new 52-week low on the NSE.

Out of 1892 stocks traded on the NSE, 800 declined, 724 advanced and 368 remained unchanged today.

The BSE Mid-cap Index is trading down 0.11% at 12223, whereas BSE Small-cap Index is trading down 0.13% at 12097.

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

Aurobindo Pharma, GAIL, BPCL, Tata Power, Idea, ICICI Bank, Reliance, Hindalco, ITC, Grasim are among the gainers, whereas Adani Ports, Asian Paints, Sun Pharma, Infratel, HUL, Maruti, ACC, Tech Mahindra, Dr Reddy, Eicher Motors are losing sheen on NSE.

The INDIA VIX is down 2.03% at 14.94.

Buzzing Stocks:

Aban Offshore intends to buy 49% stake in Aban Drilling services, a company newly incorporated to explore deep water drilling opportunities.

IRB Infra unit gets Rs 242 crore in arbitral award amount.

CCI clears Abbott Laboratories's St. Jude Medical acquisition subject to 'voluntary remedies'.

Axis Bank cuts overnight MCLR by 10 bps.

BHEL will focus on achieving a more "balanced business mix" over the next few years by increasing the capacity of its non-power verticals.

Ceat approves plan to invest up to Rs 2,800 crore.

Clariant Chemicals India's promoter Ebito Chemiebeteiligungen AG sold 13.24% stake in the company to a number of fund houses and insurance companies in a series of block deals on BSE.

Gayatri Projects to consider share split in 1:5 ratio.

Jublilant Life Sciences' promoters have pledged 1.57% stake to Axis Finance.

IOC has increased petrol prices by Rs 2.21 per litre and diesel prices by Rs 1.79 per litre.

NMDC invests Rs 1,222 crore to set up Nagarnar steel plant in Chhattisgarh.

NALCO, NTPC in pact to set up 2,000 MW power unit in Odisha.

Overseas arm ONGC Videsh has raised $1 bln through a US dollar bond issue to finance its acquisition of 15% in Russia's oil field Vankor.

PTC INDIA: Copthall Mauritius Investment sold 5.77 mln shares, or 0.57% stake.

Jai Corp, GVK Power, RIIL: Navi Mumbai airport bids to open in January.

Swelect Energy to amalgamate subsidiary HHV Solar Technologies with self.

Pudumjee Paper: CRISIL upgrades rating outlook to positive from stable.

Zee Learn withdraws merger plan with Tree House.

Jindal Stainless to consider convertible warrants issue.

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