Wednesday 14 December 2016

Sensex, Nifty treading in red

Following the result declaration yesterday, COAL INDIA and many other listed firms posted a negative result. The impact of that is trickling on to the market performace today morning. Also, sentiments are in check as investors focus on the outcome of the US Central Bank announcement that is scheduled to occur later in the day.

At 10:43 AM, the S&P BSE Sensex is trading at 26652 down 45 points, while NSE Nifty is trading at 8,198 down 23 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 10 stocks touched a new 52-week low on the NSE.

Out of 1882 stocks traded on the NSE, 731 declined, 771 advanced and 380 remained unchanged today.

The BSE Mid-cap Index is trading up 0.08% at 12352.28, whereas BSE Small-cap Index is trading up 0.23% at 12250.05.

Some buying activity is observed in Consumer Durables, Oil & Gas, Realty, Information Technology, Energy sectors, while Auto, Metal, Bank, Capital Goods, Finance on BSE.

Reliance, Axis Bank, Tata Power, Asain Paints, NTPC, Infratel, Wipro are among the gainers, whereas Coal India, Aurobindo Pharma, Bosch, ACC, IndusInd Bank, HDFC, Eicher Motors are losing sheen on NSE.

The INDIA VIX is up 2.62% at 16.3400.

Buzzing Stock:

An exhaustive inspection of drug maker Sun Pharma’s manufacturing facility at Halol by the US FDA pointed to inadequately designed testing programs to assess the stability characteristics of drugs besides faulting accuracy of test methods used at the site.
Malvinder and Shivinder Singh are in active discussions with private equity group TPG Capital to sell a significant minority stake in Fortis Healthcare.
NTPC has partnered with Inox Wind for a 50MW wind project to be deployed in Gujarat.
Advertisement regulator ASCI has pulled up Hindustan Unilever over its 'misleading' TV commercial for dish washer brand Vim in which it claimed rival Jyothy Laboratories Exo as "sadharan" (ordinary) bar.
Jubilant FoodWorks, which operates Domino's Pizza outlets in India, said it will offer cashless payment option to all its customers on home deliveries.
Taking a cue from the success of Baba Ramdev’s Patanjali brand, Tata Global Beverages is to tap into the ‘goodness of ayurveda’ with its own offering.
Wockhardt said the UK health regulator has confirmed that its Daman-based manufacturing facility complies with good manufacturing practices (GMP).

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