Tuesday, 31 January 2017

Nifty hovering around 8600 levels ahead of Union Budget

As major indices continue to slide down after opening in red, taking cues from global markets, Power stocks gain. Power Grid and ONGC are the top BSE Power index gainers, with Power Grid contributing 53% to the index gains.
 
Benchmark Sensex is sliding by 135 points and NSE Nifty slipping below 8600 levels ahead of the Economic Survey due later this day.
 
At 11 AM, the S&P BSE Sensex is trading at 27,743.02 down 106.54 points, while NSE Nifty is trading at 8589.85 down 42.90 points. A total of 28 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.30% at 12962.11, whereas BSE Small-cap Index is trading down 0.33% at 13026.08.
 
Some buying activity is seen in FMCG, Telecom, Utilities, and Power indices while Industrials, Automobile, IT, Bankex, Consumer Goods, Consumer Durables indices are showing weakness on BSE.
 
Idea, Tata Power, ONGC, Bharti Airtel and Power Grid are among the gainers, whereas Infratel, Grasim, Gail, Coal India, Infosys and HCL Tech are losing sheen on NSE in the first trading hour.
 
The INDIA VIX is up 1.26% at 16.88.

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