Monday, 30 January 2017

Telecom Index gains; Idea up by 26%

Idea and Bharti Airtel are contributing more than 90% to the Telecom index gains. Idea touched a high of Rs 100.40 per share up by Rs 22.6 per share or 29%. The stock is the star performer of the day.
 
There are 1241 advances, 1338 declines and 199 stocks unchanged on BSE. Volatility in the market has increased ahead of Budget 2017.
 
BSE Auto index is the top loser trading at 22046.45 level down by 154.90 points or 0.70%. In spite of index trading in red, Exide Industries, Cummins India Limited Bharat Forge and Mother Son Sumi are gaining in the auto sector.
 
At 02:00 PM, the S&P BSE Sensex is trading at 27894.9 up 12.44 points, while NSE Nifty is trading at 8650.55 up 9.30 points. A total of 46 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.31% at 13004.98, whereas BSE Small-cap Index is trading down 0.03% at 13103.91.
 
Some buying activity is seen in Teck, Realty, Healthcare, Telecom and Capital Goods while Oil & Gas, Information Technology, Finance and Auto are showing weakness on BSE.
 
Idea, Bharti Airtel,Sun pharma, Grasim and Dr Reddy are among the gainers, whereas Auro Bindo, Tata Motor, Infratel, Hcl tech and Wipro are losing sheen on NSE.
 
The INDIA VIX is up 3.68% at 16.59.

No comments:

Post a Comment