The Indian stock markets opened higher on Wednesday tracking positive trade in global equities as data from U.S., China and Europe boosted optimism for global growth. The Sensex and Nifty are trading flat ahead of corporate results and the government's annual budget.
The Nikkei India Services Purchasing Managers' Index, or PMI, was 46.8 in December, little changed from November's 46.7. The latest reading showed contraction for the second month in a row.
At 12:53 PM, the S&P BSE Sensex is trading at 26,639 up eight points, while NSE Nifty is trading at 8,197 up five points.
The BSE Mid-cap Index is trading up 0.11% at 12,218, whereas BSE Small-cap Index is trading up 0.64% at 12,394.
Bharti Infratel, HCL Tech, Tech Mahindra, ONGC and BHEL are among the gainers, whereas Kotak Mahindra Bank, Eicher Motors, ACC, HUL and RIL are losing sheen on NSE.
A total of 28 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.
Out of 1,893 stocks traded on the NSE, 332 declined, 1,044 advanced and 332 remained unchanged today.
Some buying is observed in media, realty, metal, auto, IT sectors while banking, FMCG and financial services stocks are showing weakness on NSE.
The INDIA VIX is up 0.34% at 16.01.
Wockhardt fell 1% on the BSE. The US Food and Drug Administration has issued a warning letter to Wockhardt's Ankleshwar plant, as per reports. The company told ETNow that the warning letter for Ankleshwar facility is not a new development. It is a follow up on import alert on Ankleshwar.
SSWL has announced that for Q4FY16-17 they have set a target for achieving volume sales of 35.6 lakh, as compared to 33.24 lakh in Q3FY16-17, representing a growth of 7% Q-o-Q. The stock is up by 2%.
Godrej Properties rose 1%. Godrej Properties has informed the bourses that Godrej Greens, the project which it immediately launched after demonetisation has received an overwhelming response.
Jubilant Life Sciences zoomed 12% after the company has duly signed a long-term contract in Radiopharma business with Montreal Canada for distribution of products used for diagnostic and therapeutic procedures for thyroid, myocardial perfusion, lung, kidney and bone scans.
Ramco Systems soared 10% on the BSE. Panasonic Group of companies in Malaysia has signed a multi-million-dollar strategic deal with Ramco Systems Sdn. Bhd. Malaysia part of India-headquartered HR software major Ramco Systems to digitize and transform HR and Payroll operations for nearly 20,000 employees nationwide on a unified platform.
Nandan Denim jumped 12% after the Reserve Bank of India notified that foreign portfolio investors can now invest up to 49 per cent in Nandan Denim against 24% earlier.
Indiabulls Housing Finance fell 1.5%. The company reduced its home loan rates by 45 basis points, bringing it down to lowest in six years.
Glenmark Pharmaceuticals advanced 1%. The pharma major has received final approval from the US health regulator USFDA for sale of Tretinoin Capsules, used in treatment of leukemia.
MOIL climbed 3.3% after the company increased prices for electrolytic manganese dioxide and chemical grades ore by 5% and 10%, respectively.
Bank of India is trading marginally down. The bank cut benchmark lending rates by up to 0.90% point on Tuesday. For one year, the MCLR, or marginal cost of funds based lending rate, is now at 8.50%.
Max Ventures and Industries slipped 2%. The company to hold board meeting on January 9 to consider fund raising options.
Jindal Saw inched up 1%. The shareholders approve raising of funds worth Rs 1,000 crore via non-convertible debentures, QIP issue worth Rs 1,000 crore and GDR/ADR/FCCB issue worth $150 million.
The Indian rupee higher by four paise on Wenesday at 68.13 per dollar versus previous close of 68.32/$.
The Nikkei India Services Purchasing Managers' Index, or PMI, was 46.8 in December, little changed from November's 46.7. The latest reading showed contraction for the second month in a row.
At 12:53 PM, the S&P BSE Sensex is trading at 26,639 up eight points, while NSE Nifty is trading at 8,197 up five points.
The BSE Mid-cap Index is trading up 0.11% at 12,218, whereas BSE Small-cap Index is trading up 0.64% at 12,394.
Bharti Infratel, HCL Tech, Tech Mahindra, ONGC and BHEL are among the gainers, whereas Kotak Mahindra Bank, Eicher Motors, ACC, HUL and RIL are losing sheen on NSE.
A total of 28 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.
Out of 1,893 stocks traded on the NSE, 332 declined, 1,044 advanced and 332 remained unchanged today.
Some buying is observed in media, realty, metal, auto, IT sectors while banking, FMCG and financial services stocks are showing weakness on NSE.
The INDIA VIX is up 0.34% at 16.01.
Wockhardt fell 1% on the BSE. The US Food and Drug Administration has issued a warning letter to Wockhardt's Ankleshwar plant, as per reports. The company told ETNow that the warning letter for Ankleshwar facility is not a new development. It is a follow up on import alert on Ankleshwar.
SSWL has announced that for Q4FY16-17 they have set a target for achieving volume sales of 35.6 lakh, as compared to 33.24 lakh in Q3FY16-17, representing a growth of 7% Q-o-Q. The stock is up by 2%.
Godrej Properties rose 1%. Godrej Properties has informed the bourses that Godrej Greens, the project which it immediately launched after demonetisation has received an overwhelming response.
Jubilant Life Sciences zoomed 12% after the company has duly signed a long-term contract in Radiopharma business with Montreal Canada for distribution of products used for diagnostic and therapeutic procedures for thyroid, myocardial perfusion, lung, kidney and bone scans.
Ramco Systems soared 10% on the BSE. Panasonic Group of companies in Malaysia has signed a multi-million-dollar strategic deal with Ramco Systems Sdn. Bhd. Malaysia part of India-headquartered HR software major Ramco Systems to digitize and transform HR and Payroll operations for nearly 20,000 employees nationwide on a unified platform.
Nandan Denim jumped 12% after the Reserve Bank of India notified that foreign portfolio investors can now invest up to 49 per cent in Nandan Denim against 24% earlier.
Indiabulls Housing Finance fell 1.5%. The company reduced its home loan rates by 45 basis points, bringing it down to lowest in six years.
Glenmark Pharmaceuticals advanced 1%. The pharma major has received final approval from the US health regulator USFDA for sale of Tretinoin Capsules, used in treatment of leukemia.
MOIL climbed 3.3% after the company increased prices for electrolytic manganese dioxide and chemical grades ore by 5% and 10%, respectively.
Bank of India is trading marginally down. The bank cut benchmark lending rates by up to 0.90% point on Tuesday. For one year, the MCLR, or marginal cost of funds based lending rate, is now at 8.50%.
Max Ventures and Industries slipped 2%. The company to hold board meeting on January 9 to consider fund raising options.
Jindal Saw inched up 1%. The shareholders approve raising of funds worth Rs 1,000 crore via non-convertible debentures, QIP issue worth Rs 1,000 crore and GDR/ADR/FCCB issue worth $150 million.
The Indian rupee higher by four paise on Wenesday at 68.13 per dollar versus previous close of 68.32/$.
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