Thursday 5 January 2017

Sensex and Nifty stable, Metal and Banks up

Tata Motors is the biggest contributor to the Sensex gains; contributing 30 points to the Sensex gains. ICICI Bank with 27 points is the second largest contributor followed by Reliance Industries, Infosys and ONGC contributing 17 pts, 15.41 pts and 14.45 pts respectively.

BSE bankex is gaining on Thursday with the index gaining by almost 1.19% on intraday basis. The index trading at 20692 is up by almost 246 points. ICICI Bank is the biggest gainer in the index followed by Yes Bank. With contribution of almost 94 points to the Index, ICICI Bank is the biggest contributor to the index. Yes bank has contributed almost 35 points to the index.

BSE metal index is shining on bourses on Thursday by gaining more than 2.56% by far outperforming all the sectoral indices. JSW Steel is the biggest gainer in the sector followed by Vedanta and Tata Steel. In fact, all the three stocks put together have contributed to almost 70% of the gains for the BSE metal index.

At 1:06 PM, the S&P BSE Sensex is trading at 26851 up 218 points, while NSE Nifty is trading at 8266 up 76 points. A total of 34 stocks registered a fresh 52-week high in trade today, while 6 stocks touched a new 52-week low on the NSE.

Out of 1894 stocks traded on the NSE, 363 declined, 1219 advanced and 312 remained unchanged today.

The BSE Mid-cap Index is trading up 1.08% at 12326, whereas BSE Small-cap Index is trading down 0.92% at 12486.

Some buying activity is observed in Metal, Bank, Auto, Capital Goods, Oil & Gas, Pharma sectors, while Information Technology, Telecommunications, Realty, Telecom are showing weakness on BSE.

Adani Ports, Tata Steel, Yes Bank, Aurobindo Pharma, Tata Motor DVR, Tata Motors, Bosch, ONGC, ICICI Bank, Ultratech Cement are among the gainers, whereas Infratel, TCS, Tech Mahindra, M&M, ITC are losing sheen on NSE.

The INDIA VIX is down 3.98% at 15.25.

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