The Indian stock market drifted lower on Friday after opening on a flat note.
The domestic market is trading higher led by metal, auto, PSU and consumer durables amid a mixed trend in the Asian markets. The last trading session of the Samvat year 2072 today marked the beginning of the November series of derivatives contracts.
At 10:42 AM, the S&P BSE Sensex is trading at 27,973 up 57 points, while NSE Nifty is trading at 8,597 down 18 points.
The BSE Mid-cap Index is trading up 1.01% at 13,416 whereas BSE Small-cap Index is trading up 0.91% at 13,446.
Tata Motors, Tata Steel, Hero MotoCorp, ONGC, Bajaj Auto and Dr Reddy's are among the gainers, whereas ICICI Bank, HDFC, Asian Paints, Power Grid, Infosys and Wipro are losing sheen on BSE.
Some buying activity is seen in metals, consumer durables, pharma and industrial sectors, while telecom, banking, telecom, IT, fianance, teck and FMCG are showing weakness on NSE.
The INDIA VIX is up 3.19% at 14.5350. Out of 1,862 stocks traded on the NSE, 502 declined, 940 advanced and 420 remained unchanged today.
A total of 40 stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.
On the international frnt, the U.S. government will publish its first estimate of third-quarter gross domestic product later today, and the numbers can truly alter the course of a December rate hike.
The rupee opened lower by three paise at 66.89/$ as against the previous close of 66.86/$.
Asian markets opened flat as caution prevailed with US 10 year bond yields hitting 1.82% or a new 6 month high. The same also saw rise in yields for the UK 10 year benchmark which spiked to its highest level of the year.
The same saw US indices trade in a tight range & close with marginal losses, despite better than expected results from the 'big blue' IBM which beat market expectations.
The cabinet has given in-principle approval to strategic stake sales in some state-owned companies on the recommendations of government think-tank NITI Aayog.
With a new series today & the festive 'Diwali' muhurat session on Sunday expect range bound trade prevailing today with stock/sector specific action. Earnings from a host of corporates will keep participants busy as results flow out in full fervor.
The domestic market is trading higher led by metal, auto, PSU and consumer durables amid a mixed trend in the Asian markets. The last trading session of the Samvat year 2072 today marked the beginning of the November series of derivatives contracts.
At 10:42 AM, the S&P BSE Sensex is trading at 27,973 up 57 points, while NSE Nifty is trading at 8,597 down 18 points.
The BSE Mid-cap Index is trading up 1.01% at 13,416 whereas BSE Small-cap Index is trading up 0.91% at 13,446.
Tata Motors, Tata Steel, Hero MotoCorp, ONGC, Bajaj Auto and Dr Reddy's are among the gainers, whereas ICICI Bank, HDFC, Asian Paints, Power Grid, Infosys and Wipro are losing sheen on BSE.
Some buying activity is seen in metals, consumer durables, pharma and industrial sectors, while telecom, banking, telecom, IT, fianance, teck and FMCG are showing weakness on NSE.
The INDIA VIX is up 3.19% at 14.5350. Out of 1,862 stocks traded on the NSE, 502 declined, 940 advanced and 420 remained unchanged today.
A total of 40 stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.
On the international frnt, the U.S. government will publish its first estimate of third-quarter gross domestic product later today, and the numbers can truly alter the course of a December rate hike.
The rupee opened lower by three paise at 66.89/$ as against the previous close of 66.86/$.
Asian markets opened flat as caution prevailed with US 10 year bond yields hitting 1.82% or a new 6 month high. The same also saw rise in yields for the UK 10 year benchmark which spiked to its highest level of the year.
The same saw US indices trade in a tight range & close with marginal losses, despite better than expected results from the 'big blue' IBM which beat market expectations.
The cabinet has given in-principle approval to strategic stake sales in some state-owned companies on the recommendations of government think-tank NITI Aayog.
With a new series today & the festive 'Diwali' muhurat session on Sunday expect range bound trade prevailing today with stock/sector specific action. Earnings from a host of corporates will keep participants busy as results flow out in full fervor.
