Wednesday, 25 January 2017

Nifty is hovering around 8500 levels



Both Nifty and Sensex are hovering around 8,500 and 7,500 levels respectively, in Wednesday's trading session. Broader markets opened in green and are maintaining their positions.

BSE Consumer Durables index is buzzing on bourses and constantly gaining. COMPTON GRIEVES is contributing upto 74% to the sectoral index's gains.

We see BSE Utilities sectoral index is underperforming the broader markets with majority of stocks in the sector losing on bourses. Inspite of heavyweight, TATA POWER being in green the index troubling and is in red.

At 12.00 PM, the S&P BSE Sensex is trading at 27518, up by 142.76 points, while NSE Nifty is trading at 8523.65, up 47.85 points. A total of 67 stocks registered a fresh 52-week high in trade today, while 8 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap index is trading up 0.45% at 128024.53, whereas BSE Small-cap index is trading up 0.78% at 13030.67.

Some buying activity is seen in Consumer Durables, Bankex, Metal, Capital Goods and Auto indices while Healtcare, Telecom and Utilities indices are showing weakness on BSE.

Zeel, HDFC, Kotak Bank, Axis Bank, Bosch Ltd., Yes Bank, Hero MotoCorp, Adani Ports, LT and Tata Steel are among the gainers; whereas Idea, Bharti Airtel, Tech Mahindra, M&M, Wipro, Reliance, Dr. Reddy's, Cipla, BHEL and Auro Pharma are losing sheen on NSE.

The INDIA VIX is down by 4.38% at 14.62.

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