Sensex, Nifty erase morning gain; Hindalco, RIL down 1%

At 2:21 PM, the S&P BSE SENSEX is trading at 26,387 up 173  points, while NSE Nifty is trading at 8,050 up 17 points. Today, the start of the penultimate session of the F&O series expiry is likely to be in green and more short covering can be seen ahead of the series expiry. 

The BSE Mid-cap Index is trading up 0.62% at 11,775, whereas BSE Small-cap Index is trading up 0.99% at 11,837.

Bharti Infratel, Idea Cellular, IndusInd Bank and Zee are among the gainers, whereas Tata Motors DVR, Tata Steel, Tata Motors and Hero MotoCorp are losing sheen on NSE.

A total of 12 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.

Out of 1,889 stocks traded on the NSE, 300 declined, 1,280 advanced and 309 remained unchanged today.

Some buying is observed in industrial,pharma, financial services, oil & gas, auto, FMCG, IT and teck sectors while realty and banking are showing weakness on BSE.

The INDIA VIX is up 2.61% at 15.4775.

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced a restructuring of its businesses under Dr. Pawan Goenka, Managing Director, M&M Ltd. The stock is trading higher by 1.3%.

Jindal Steel & Power Ltd is currently trading at Rs 68.9, up by Rs 2.45 or 3.69% from its previous closing of Rs 66.45 on the BSE. Around 11 lakh shares were traded in a single block deal.

Super Crop Safe Ltd is currently trading at Rs 112.8, up by Rs 3.85 or 3.53% from its previous closing of Rs 108.95 on the BSE after the company has received the consent and authorization of "Gujarat Pollution Control Board", valid up to March 22, 2021.

R.P.P. Infra Projects Limited has informed the Exchange that it has bagged two orders from Kamarajar Port Limited and Chennai Corporation for worth Rs 242 million and Rs 300 million respectively.

Steel Strips Wheels Ltd is currently trading at Rs 620.05, up by Rs 61.5 or 11.01% from its previous closing of Rs 558.55 on the BSE. The company experienced a spurt in volumes by more than 12.70 times.

Sunil Hitech Engineers Ltd is currently trading at Rs 12.4, up by Rs 0.59 or 5% from its previous closing of Rs 11.81 on the BSE after the company has won an order worth Rs 434 crore from National Highways & Infrastructure Development Corp.

Cadila Healthcare Limited has written to the BSE and NSE, clarifying that  Zydus Discovery DMCC, a 100% subsidiary of Cadila Healthcare Ltd has received an "Untitled Letter" and not a "Warning Letter" from the USFDA. The stock gained 2% on the BSE.

Cupid Ltd is currently trading at Rs 309, up by Rs 18.65 or 6.42% from its previous closing of Rs 290.35 on the BSE. The company has informed BSE that a meeting of the Board of Directors will be held on January 5, 2017, to consider  the proposal for raising funds through issue of securities and also to increase authorised capital of the Company.

Globus Spirits Ltd has informed the exchange that the Company has resumed its operation and commenced its commercial production of the plant which has a production capacity of 80,000 bulk litres per day on December 2, 2016. The company restarted the operations post removing all the technical bottlenecks at its unit, which is located in Vaisahli, Bihar. The stock is trading 4.4% higher.

Bharat Financial Inclusion Ltd is currently trading at Rs 556.5, up by Rs 37.55 or 7.24% from its previous closing of Rs 518.95 on the BSE. Morgan Stanley has acquired 1.1% stake in the company via open market purchase on December 23. Total holding by Morgan Stanley in the company has increased to 7.86% as on December 23.

Optiemus Infracom Limited has informed the exchanges that pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, the Company has divested its entire stake in its subsidiary company Kishore Exports India Private Limited. The stock is trading marginally higher at Rs 48.25 on the BSE.

Bharti Infratel Ltd is currently trading at Rs 342.4, up by Rs 10.75 or 3.24% from its previous closing of Rs 331.65 on the BSE. Goldman Sachs has reportedly upgraded the rating on Bharti Infratel to 'neutral' from 'sell' following the recent fall in the stock price, as per media reports. The stock was top Nifty gainer today.

Dhanuka Agritech soared 2.3% has informed BSE that a Meeting of Buyback Committee of Board of Directors of the company will be held on January 3, 2017, to approve the final terms and conditions of Buyback of equity shares of the company, subject to Shareholders’ approval.