The Indian stock markets fluctuated between marginal gains and losses on December Futures & Options expiry today.
At 1:05 PM, the S&P BSE Sensex is trading at 26,244 up 33 points, while NSE Nifty is trading at 8,049 up 15 points.
The BSE Mid-cap Index is trading up 0.61% at 11,906, whereas BSE Small-cap Index is trading up 0.70% at 11,906.
Bharti Infratel, Ambuja Cements, TCS, HCL Tech, ACC and Axis Bank are among the gainers, whereas Adani Ports, GAIL, IndusInd Bank, HDFC, Bharti Airtel and ITC are losing sheen on NSE.
A total of 11 stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.
Out of 1,890 stocks traded on the NSE, 527 declined, 1,023 advanced and 340 remained unchanged today.
Some buying is observed in IT, banking, pharma, financial services and realty sectors while FMCG, auto and media are showing weakness on NSE.
The INDIA VIX is up 0.72% at 15.6550.
IFCI Ltd is currently trading at Rs 28.15, up by Rs 3.45 or 13.97% from its previous closing of Rs 24.7 on the BSE. The rally commenced following NSE filed its draft prospectus for a Rs 10,000-crore Initial Public Offer (IPO) of equity with the Securities and Exchange Board of India (Sebi). IFCI holds around 3.05% stake in the exchange.
Reliance Industries is trading marginally higher after the company said it has successfully commissioned the first phase of its 2.2 million metric tonnes per annum (MMTPA) para-xylene (PX) plant at Gujarat's Jamnagar.
IRB Infrastructure gained 2% after the company has received Letter of Award from NHAI for the project of six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in the State of Rajasthan (length 90.000 km) on DBFOT (Toll) under NHDP Phase V package -I Project.
JMC Projects rallied 8% after company secured new orders worth over Rs 1,457 crore.
Pratibha Industries zoomed 11.5%. The company's board to meet on January 4, 2017 to approve the issue and allotment of shares on preferential basis to the lenders of the company under strategic debt restructuring (SDR) scheme.
Phoenix Mills advanced 2%. The company on Wednesday said it has acquired the remaining 8.72% stake in its wholly-owned subsidiary Island Star Mall Developers Pvt Ltd (ISMDPL).
Rajesh Exports jumped 2.3% after the company has received an export order worth Rs 929 crore for designer gold and diamond studded jewellery. The order is to be executed by March, the company said.
JK Tyre inched up 1.3%. The tyre manufacturer said its board has given approval to raise up to Rs 1,000 crore by issuing securities.
Cadila Healthcare slipped 2%. The company’s wholly owned subsidiary Zydus Healthcare has acquired six brands from US drug maker MSD and its subsidiaries for an undisclosed amount.
Shares of Reliance Defence and Engineering rose over 1% as Morgan Stanley Mauritius Company, on Wednesday, bought 1.67% stake in the company from Valiant Mauritius Partners, at Rs 54.15 apiece.
Shares of Prakash Constrowell were up 4.8% ahead of the company's board meeting to consider and approve further issue of capital and raising funds by suitable options. The board meeting will take place later today, the company had said in an exchange filing on Monday.
Shares of Godfrey Phillips fell 2% on profit taking after the stock rose 23% in the previous two sessions.
Goa Carbon rallied 3%. The company on Wednesday informed bourses that the operations at Bilaspur Plant have commenced from December 27, 2016.
The Indian rupee opened flat on Thursday at 68.24 per dollar. On the global front, Yuan remains in the focus, with some sources speculating that the currency breached 7 mark in offshore markets.
Finance Minister Arun Jaitley met public sector bank heads to discuss how they are handling the demonetisation issue besides taking suggestions for the upcoming Union Budget.
Most Asian indices opened weak following overnight cues from the US where the Dow Jones fell over 100 points. Weakness in oil & fall in bond yields all saw profit booking in equities with year end blues prompting raising cash. However the silver lining was a strong rally in the Brazilian 'Bovespa' which gained due to value buying & weakness in the US$.
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