Tuesday 17 January 2017

Sensex drops 70 points; RIL, Adani Ports down

The Indian stock markets are trading lower due to profit booking and negative global clues. European indices declined today and ahead of U.K. PM speech.

At 2:39 PM, the S&P BSE Sensex is trading at 27,210 down 79 points, while NSE Nifty is trading at 8,386 down 27 points. A total of 41 stocks registered a fresh 52-week high in trade today, while eight stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 0.12% at 12,658, whereas BSE Small-cap Index is trading up 0.25% at 12,794.
 
The Metal, Financial Services, Auto and Pharma sectors are trading in red, while IT, FMCG and Realty index in green.
 
Tech Mahindra, Hindustan Unilever, Sunpharma, Zee Entertainment and Axis Bank are among the gainers, whereas Reliance, Hindalco, Tata Steel, Adani Ports and CIPLA are losing sheen on NSE in the first trading hour.
 
The INDIA VIX is up 1.78% at 15.3325.
 
AXIS BANK
allotted equity shares under ESOP scheme. Axis Bank and PNB are the two top gainers in the Bank sector today.
 
Despite of good results in Q3 FY17, RELIANCE INDUSTRIES is trading in red. The stock today hit a low of Rs 1049 per share, down by Rs 27.25 per share or 2.53%.
 
DELTA CROP is expected to announce good results on Tuesday’s trading session. Delta Corp has received a licence for operations of a casino in Gangtok, Sikkim. The stock today hit a high of Rs 139.50 per share, gaining Rs 4.70 per share or 3.46%.
 
CROMPTON GRIEVES bags order worth USD 105 mn from PT PLN Indonesia. The stock is interesting to watch out for in Tuesday’s trading session.

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