Nifty ends below 8,850

Closing Bell:


Finally, the BSE Sensex ended with a loss of 144 points at 27,530. The BSE Sensex opened at 27,776 touched an intra-day high of 27,803 and low of 27,488.

The NSE Nifty closed with a loss of 63 points at 8,520. The NSE Nifty opened at 8,613 hitting a high of 8,615 and low of 8,506.

Live Market:

The Indian stock markets are trading flat to slightly higher on Monday despite mixed cues from other Asian markets. The Sensex opened 102.54 points, or 0.37% up at 27,776.14, while Nifty opened 29.55 points, or 0.34% up at 8,612.95.
 
The Sensex hit a 14-week low, while the Nifty hit its lowest level in more than 10 weeks. European stock markets were trading lower as investors remained cautious ahead of earnings, key data and a European Central Bank meeting later this week.

The Sensex and Nifty pared gain and turned choppy weighed down by losses in metal, auto, telecom, and capital goods stocks.

At 2:18 PM, the S&P BSE Sensex is trading at 27,5894 down 84 points, while NSE Nifty is trading at 8,539 down 45 points.

The BSE Mid-cap Index is trading down 0.59% at 13,341 whereas BSE Small-cap Index is trading down 0.14% at 13,159.

ICICI Bank, NTPC, Coal India, Tata Steel and SBI are among the gainers, whereas M&M, Hero MotoCorp, HDFC Bank and Asian Paints are losing sheen on BSE.

Some buying activity is seen in banking and consumer durables sectors, while auto, telecom, capital goods,IT, industrial and pharma are showing weakness on BSE.

The INDIA VIX is up 5.70% at 15.7375. Out of 1,889 stocks traded on the NSE, 900 declined, 726 advanced and 263 remained unchanged today.

A total of 86 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.

Sensex falls over 100 points; Nifty below 8550

The Indian stock markets are trading flat to slightly higher on Monday despite mixed cues from other Asian markets. TheSensex opened 102.54 points, or 0.37% up at 27,776.14, whileNifty opened 29.55 points, or 0.34% up at 8,612.95.

The Sensex and Nifty pared gain and turned choppy weighed down by losses in metal, auto, telecom, and capital goods stocks.

The S&P BSE Sensex is trading at 27,704 up 31 points, while NSE Nifty is trading at 8,557 down 26 points.

The BSE Mid-cap Index is trading down 0.49% at 13,354 whereas BSE Small-cap Index is trading up 0.04% at 13,182.

ICICI Bank, Axis Bank, SBI, NTPC, GAIL,  and Coal India are among the gainers, whereas Bharti Airtel, Asian Paints, M&M, HDFC Bank, and Adani Ports are losing sheen on BSE.

Some buying activity is seen in banking, finance, metal, energy, realty and consumer durables sectors, while telecom, capital goods, auto, and pharma are showing weakness on BSE.

The INDIA VIX is up 4.06% at 15.4925. Out of 1,886 stocks traded on the NSE, 732 declined, 845 advanced and 309 remained unchanged today.

A total of 83 stocks registered a fresh 52-week high in trades today, while eight stocks touched a new 52-week low on the NSE.

UltraTech Cement slipped 0.74% to Rs 4009. UltraTech Cement will announce its Q2 numbers today.

Ujaas Energy zoomed 4% to Rs 24.20 after the company has won order from Uttarakhand Renewable Energy Development Agency (UREDA) for Grid Interactive Rooftop & small Solar PV Power Plant of up to 5Kwp.

SBI advanced 1% to Rs 254.50. State Bank of India will divest up to 5% of its stake in its life insurance subsidiary SBI Life Insurance Co. Ltd.
 
Granules India gained 2%. The company informed BSE that Gagillapur facility located at Hyderabad, Telangana, India has successfully completed USFDA inspection without any observations. This facility manufactures Finished Dosages (FDs) and Pharmaceutical Formulation Intermediates (PFIs).

Vedanta inched up 0.43% to Rs 196. Vedanta has suspended mining operations at its Bicholim iron ore mine in Goa from Thursday due to labour unrest.

Cipla gained 0.59%. Cipla has signed a memorandum of agreement for South Africa's first biosimilars manufacturing facility to be set up at a cost of nearly USD 91 million.

NIIT Technologies dropped 4.4% to Rs 420.50. NIIT Tech reported better-than-expected revenue of Rs 692 crore in the September quarter helped by growth in its banking, financial services and insurance business (BFSI) business from the US.

Amtek Auto gained 2% to Rs 44.50. ICRA has downgraded rating for term loans of JMT Auto, a unit of ailing Amtek Auto Ltd (AAL), to 'BB-' from 'BB+', on adverse effect of the large-sized debt funded by foreign acquisitions.

Mawana Sugars gained 1.6%. Mawana Sugars has put its Titawi sugar mill on the block to bring down the debt and clear sugarcane dues to farmers.

Alok Industries jumped 2.4%. Alok Industries will seek protection from lenders as its plays to approach BIFR on grounds that 50% of its net worth has been wiped out as on March 2016.

Oil stocks is trading lower on the BSE. Petrol price was hiked by Rs 1.34 a litre and diesel by Rs 2.37 a litre on back of spike in global rates.

Lakshmi Vilas Bank rallied 3%. The bank will will announce its Q2 numbers today.

DHFL gained 1.6%. The company will announce its Q2 numbers today.

ICICI Bank zoomed 6.8% to Rs 258. Rosneft bought a 49% stake in Essar Oil's refinery port and petrol pumps, while Netherlands-based Trafigura Group Pteand Russian investment Fund United Capital Partnerssplit another 49% equity equally. The remaining 2% is held by minority shareholders after delisting of Essar Oil.  Rajiv Sabharwal the brain behind ICICI Bank's flourishing retail lending business has called it quits and will be replaced by ICICI veteran Anup Bagchi.

DCB Bank rallied 6.5%. The bank reported 31% year-on-year growth in the net profit to Rs 48.5 crore for the quarter ended September 30 compared with 36.9 crore reported in the year-ago period.

Sensex, Nifty volatile; Metal, Auto drag

At 9:31 AM, the S&P BSE Sensex is trading at 27,712 up 38 points, while NSE Nifty is trading at 8,583 down mere one points.

The BSE Mid-cap Index is trading up 0.36% at 13,468 whereas BSE Small-cap Index is trading up 0.40% at 13,230.

ICICI Bank, NTPC, GAIL, Axis Bank, SBI and ONGC are among the gainers, whereas Asian Paints, HDFC Bank, M&M, Bharti Airtel and Adani Ports are losing sheen on BSE.

Some buying activity is seen in banking, realty and FMCG sectors, while media, metal, auto and pharma are showing weakness on NSE.

The INDIA VIX is up 3.74% at 15.4450. Out of 1,861 stocks traded on the NSE, 599 declined, 841 advanced and 421 remained unchanged today.

A total of 46 stocks registered a fresh 52-week high in trades today, while seven stocks touched a new 52-week low on the NSE.

The rupee opened lower by 11 paise at 66.81/$ as against the previous close of 66.70/$.

On the economy front, India’s WPI in the month of September 2016 softened to 3.57% compared to 3.74% in the previous month. Also, retail inflation eased sharply to 4.31% in September, the slowest in more than a year, from 5.05% from August, mainly on account of a sharp fall in food prices.

Friday’s speech by Janet Yellen saw markets getting a bit worried as she guided that the Fed may need to run a ‘high-pressure’ economy with robust aggregate demand and a tight labor market to deal with the damage caused by the global financial crisis. While the Fed will look at plausible ways for the same, speculation continues on whether interest rates will be raised given that inflation is likely to inch higher on account of rising crude oil prices.

Asian markets traded mixed in the early start as markets continue to seek direction with event risk seeing caution prevail. Rise in US bond yields to 4 month highs, strength in the US $ ahead of the US elections & the subsequent Fed monetary policy are all seeing profit booking in most global equity markets. Oil prices retreated while Gold prices firmed up as defensive buying re emerged.

Life Insurance Corp. of India (LIC) has decided to part-fund the government’s ambitious projects till completion and initially invest up to Rs6,000 crore in bonds sold by the National Highways Authority of India (NHAI) this financial year alone.

Ruia’s promoted Essar Oil sealed a deal with Russia’s Rosneft, United Capital Partners and Trafigura Group Pte. to sell 98% in its most priced asset, the 20 million tonnes per annum Vadinar refinery and Vadinar port in Gujarat.