Sensex, Nifty continue to remain volatile

Sensex, Nifty remain volatile and are trading in red, however, the only positive is that the markets are operating in the same range. Nifty sectoral indices are trading in red wherein Nifty FMCG and Pvt Banks are marginally up and trading in green. Also, the Sensex indices are trading in negative and on marginally down.

Laurus Labs Ltd has maintained its 12% up trend since morning.

The S&P BSE Sensex is trading at 26429 down 60 points, while NSE Nifty is trading at 8,120 down 19 points. A total of 16 stocks registered a fresh 52-week high in trade today, while 20 stocks touched a new 52-week low on the NSE.

Out of 1897 stocks traded on the NSE, 885 declined, 703 advanced and 309 remained unchanged today.

The BSE Mid-cap Index is trading down 0.11% at 12222, whereas BSE Small-cap Index is trading down 0.14% at 12096.

Some buying activity is seen in Oil & Gas, Energy, Utilities, Power while Auto, Banks, Consumer Durables, Capital Goods, Information Technology, Healthcare, Telecommunication are showing weakness on BSE.

GAIL, Aurobindo Pharma, Tata Power, Cipla, Grasim, ICICI Bank, Lupin, Reliance, BPCL, Tata Motors are among the gainers, whereas Infratel, Asian Paints, Sun Pharma, Bosch, Adani Ports, Maruti, Ultratech Cement, Bharti Airtel, ACC, HDFC are losing sheen on NSE.

The INDIA VIX is down 3.80% at 14.67.

Buzzing Stocks:

Laurus Labs opens at a premium against issue price of Rs 428, currently trading at Rs 480.30.

Aban Offshore Ltd shares up 2.23%, as the Company intends to buy 49% stake in Aban Drilling services, a company newly incorporated to explore deep water drilling opportunities.

Tree House down 19.9%. Zee Learn down 3%, post withdrawal of merger plan.

Ramco stocks up by 2.59% after it bags deal with UAE-based Horizon Hospitality Holdings.

Jai Corp stocks up 8%, bids for construction of Navi Mumbai International Airport to open early next month.

Lupin Ltd stocks marginally up, company launches generic of Vfend tablets,

Clariant Chemicals (India) Ltd shares down 1.3% as promoters sells 13.2% stake.

Sensex drops below 26500; Aurobindo Pharma up

Sensex following the first hour of trading has dropped over 100 points and dipped below 26500. While, Nifty is holding at 8100, Nifty sectoral indices are trading in red wherein only Nifty PSU Banks has moved to green. Also, the Sensex indices are trading in the negative range and are marginally down.

At 10:42 AM, the S&P BSE Sensex is trading at 26424 down 66 points, while NSE Nifty is trading at 8,119 down 20 points. A total of 12 stocks registered a fresh 52-week high in trade today, while 14 stocks touched a new 52-week low on the NSE.

Out of 1892 stocks traded on the NSE, 800 declined, 724 advanced and 368 remained unchanged today.

The BSE Mid-cap Index is trading down 0.11% at 12223, whereas BSE Small-cap Index is trading down 0.13% at 12097.

Some buying activity is seen in Oil & Gas, Energy while Auto, Bank, Consumer Durables, Capital Goods, Information Technology, Healthcare are showing weakness on BSE.

Aurobindo Pharma, GAIL, BPCL, Tata Power, Idea, ICICI Bank, Reliance, Hindalco, ITC, Grasim are among the gainers, whereas Adani Ports, Asian Paints, Sun Pharma, Infratel, HUL, Maruti, ACC, Tech Mahindra, Dr Reddy, Eicher Motors are losing sheen on NSE.

The INDIA VIX is down 2.03% at 14.94.

Buzzing Stocks:

Aban Offshore intends to buy 49% stake in Aban Drilling services, a company newly incorporated to explore deep water drilling opportunities.

IRB Infra unit gets Rs 242 crore in arbitral award amount.

CCI clears Abbott Laboratories's St. Jude Medical acquisition subject to 'voluntary remedies'.

Axis Bank cuts overnight MCLR by 10 bps.

BHEL will focus on achieving a more "balanced business mix" over the next few years by increasing the capacity of its non-power verticals.

Ceat approves plan to invest up to Rs 2,800 crore.

Clariant Chemicals India's promoter Ebito Chemiebeteiligungen AG sold 13.24% stake in the company to a number of fund houses and insurance companies in a series of block deals on BSE.

Gayatri Projects to consider share split in 1:5 ratio.

Jublilant Life Sciences' promoters have pledged 1.57% stake to Axis Finance.

IOC has increased petrol prices by Rs 2.21 per litre and diesel prices by Rs 1.79 per litre.

NMDC invests Rs 1,222 crore to set up Nagarnar steel plant in Chhattisgarh.

NALCO, NTPC in pact to set up 2,000 MW power unit in Odisha.

Overseas arm ONGC Videsh has raised $1 bln through a US dollar bond issue to finance its acquisition of 15% in Russia's oil field Vankor.

PTC INDIA: Copthall Mauritius Investment sold 5.77 mln shares, or 0.57% stake.

Jai Corp, GVK Power, RIIL: Navi Mumbai airport bids to open in January.

Swelect Energy to amalgamate subsidiary HHV Solar Technologies with self.

Pudumjee Paper: CRISIL upgrades rating outlook to positive from stable.

Zee Learn withdraws merger plan with Tree House.

Jindal Stainless to consider convertible warrants issue.

Sensex, Nifty open lower; HDFC, Tata Motors, Axis Bank decline

Equity benchmarks opened flat with a negative bias on Monday due to lack of global as well as local cues. Banking & financials, healthcare and FMCG stocks were under pressure while metals stocks gained. 

The 30-share BSE Sensex was down 36.83 points at 26452.73 and the 50-share NSE Nifty fell 13.45 points to 8126. 

HDFC, Tata Motors, HDFC Bank, Axis Bank, Asian Paints, SBI and Sun Pharma fell 0.4-1 percent while Reliance Industries, Dr Reddy's Labs, Coal India and Bharti gained. 

The Indian rupee has opened lower by 5 paise at 67.81 per dollar on Monday against Friday's closing value of 67.76 a dollar. 

Pramit Brahmbhatt of Veracity feels constant FII outflow and strong dollar index will put pressure on the rupee. According to him, the USD-INR pair is expected to trade in a range of 67.50-68/dollar for the day. The dollar slipped below the 103 mark as profit-taking halts the momentum of the greenback's rally. 

Asian markets were mixed with the Hang Seng falling 0.8 percent while Australia's ASX 200 rising 0.7 percent. US stocks fell on Friday, weighed by a more than 4 percent drop in Oracle shares, while recently battered stocks in the real estate and utilities sectors posted the largest gains.