Monday, 19 December 2016

Sensex, Nifty continue to remain volatile

Sensex, Nifty remain volatile and are trading in red, however, the only positive is that the markets are operating in the same range. Nifty sectoral indices are trading in red wherein Nifty FMCG and Pvt Banks are marginally up and trading in green. Also, the Sensex indices are trading in negative and on marginally down.
Laurus Labs Ltd has maintained its 12% up trend since morning.

The S&P BSE Sensex is trading at 26429 down 60 points, while NSE Nifty is trading at 8,120 down 19 points. A total of 16 stocks registered a fresh 52-week high in trade today, while 20 stocks touched a new 52-week low on the NSE.

Out of 1897 stocks traded on the NSE, 885 declined, 703 advanced and 309 remained unchanged today.

The BSE Mid-cap Index is trading down 0.11% at 12222, whereas BSE Small-cap Index is trading down 0.14% at 12096.

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

GAIL, Aurobindo Pharma, Tata Power, Cipla, Grasim, ICICI Bank, Lupin, Reliance, BPCL, Tata Motors are among the gainers, whereas Infratel, Asian Paints, Sun Pharma, Bosch, Adani Ports, Maruti, Ultratech Cement, Bharti Airtel, ACC, HDFC are losing sheen on NSE.

The INDIA VIX is down 3.80% at 14.67.

Buzzing Stocks:
Laurus Labs opens at a premium against issue price of Rs 428, currently trading at Rs 480.30.
Aban Offshore Ltd shares up 2.23%, as the Company intends to buy 49% stake in Aban Drilling services, a company newly incorporated to explore deep water drilling opportunities.
Tree House down 19.9%. Zee Learn down 3%, post withdrawal of merger plan.
Ramco stocks up by 2.59% after it bags deal with UAE-based Horizon Hospitality Holdings.
Jai Corp stocks up 8%, bids for construction of Navi Mumbai International Airport to open early next month.
Lupin Ltd stocks marginally up, company launches generic of Vfend tablets,
Clariant Chemicals (India) Ltd shares down 1.3% as promoters sells 13.2% stake.

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