Friday 6 January 2017

Sensex, Nifty in red; ONGC up 3%

The Indian equity markets climbed for a second day shrugging off a weak trade in Asian equities as buying by domestic funds countered the relentless selling by foreign institutional investors. Nifty50 hit 8,300 for the first time since November 11. The Nifty Bank rises above 200-DMA of 18,215.

At 12:30 PM, the S&P BSE Sensex is trading at 26873 down mere five points, while NSE Nifty is trading at 8,272 down three points.

The BSE Mid-cap Index is trading up 0.28% at 12,391, whereas BSE Small-cap Index is trading up 0.02% at 12,496.

ONGC, Yes Bank, IndusInd Bank, Dr Reddy's and Infratel are among the gainers, whereas Tech Mahindra, HCL Tech, TCS, Infosys and Wipro are losing sheen on NSE.

A total of 25 stocks registered a fresh 52-week high in trade today, while five stocks touched a new 52-week low on the NSE.

Out of 1,901 stocks traded on the NSE, 831 declined,724 advanced and 3446 remained unchanged today.

Some buying is observed in pharma, banking, metal, auto and financial services sectors while IT, FMCG and realty stocks are showing weakness on NSE.

The INDIA VIX is down 1.49% at 14.82.

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