Sensex: Top ten laggards

The Sensex on Friday closed in green, up by 13.91 points. The European markets too are trading in the green for the moment. FTSE 100 is trading marginally up by 0.43%. DAX and CAC 40  is trading up by 0.15% and 0.73% respectively.

Meanwhile following are the stocks which have lost in trade on February 3, 2017:Tata Motors, ICICI Bank, Power Grid Corporation, Reliance Industries, Tata Steel, Asian Paints, HDFC, ITC, Bharti Airtel and NTPC are the ten stocks which have lost in trade, closing down in the range of 0.32% to 1.57%.

Tata Motors and ICICI Bank are the Tata Motors Ltd ended at Rs 522.5, down by Rs 8.35 or 1.57% from its previous closing of Rs 530.85 on the BSE.
 
The scrip opened at Rs 534.4 and touched a high and low of Rs 534.4 and Rs 520 respectively. A total of 5620977(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 170532.59 crore.
 
The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 266 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs 553 and Rs 518 respectively.
 
The promoters holding in the company stood at 34.73 % while Institutions and Non-Institutions held 39.04 % and 26.24 % respectively.
 

Five stocks that touched 52-week high in the afternoon session

Following are the five stocks which have hit their 52-week high in the afternoon session on February 3, 2017. IDBI Bank, City Union Bank, Bank of India, Union Bank and SREI Infrastructure Finance have traded on their 52-week high.
 
IDBI Bank hit its 52-week high of Rs 85.40; City Union Bank at Rs 163.80; Union Bank at Rs 162.85; Bank of India at Rs 131.90; and SREI Infrastructure Finance at Rs 99.40.
 
The Sensex opened flat in the morning, and is currently trading down by 41.75 points. Nifty on the other hand is down by 12.90 points.
 
The BSE stock staged a strong entry early in the day, being listed on NSE at a premium of 35%.

IDBI Bank Ltd is currently trading at Rs 84.55, up by Rs 1.75 or 2.11% from its previous closing of Rs 82.8 on the BSE.
 
The scrip opened at Rs 82.8 and has touched a high and low of Rs 85.4 and Rs 82.6 respectively. So far 6638607(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 17046.99 crore.
 
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 83.8 on 02-Feb-2017 and a 52 week low of Rs 47.4 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 83.8 and Rs 76.45 respectively.
 

ICICI Bank and Infosys pull Sensex down

The Sensex opened flat on February 3, 2017. Meanwhile, Sensex at the time of filing this report is trading at 28169.12, down by 54.14 points. ICICI Bank and Infosys put together are dragging the Sensex down by 50.23 points.    
 
Recently, ICICI Bank declared its Q3FY17 results, which were disappointing. The consolidated net profit of the bank has declined by 16%.  

Infosys' stock is trading down as H1-B visas issue has plagued the sector as a whole.ICICI Bank in the last one year has surged by 37.86%. Infosys during the same period however has fallen by 19.94%. 

BSE lists at a premium of 35%, now up by 45%

Bombay Stock Exchange, the oldest stock exchange on February 3, 2017 listed at Rs 1089 per share, that is  at a premium of Rs 283 per share.
 
BSE settled at Rs 1085 per share in the pre-opening market vs issue price of Rs 806 per share.
The Rs 1243 crore IPO was oversubscribed by 51.22 times. The exchange had already raised Rs 373 crore from its anchor investors.
 
 Most of the shareholders on BSE are brokers and there are 9000 shareholders who are holding the BSE shares.
 
 As on October 2016 there are more than 5000 companies listed on the exchange.

BSE (Bombay Stock Exchange Ltd.), is Asia's first & the fastest stock exchange in the world, providing a speed of 6 micro seconds. It is one of India's leading exchange groups.

Opening Bell - Markets open flat; Sun TV up by 22%

At 9:15 AM, the BSE Sensex opened higher by 53.97 points at 28280.58, while the Nifty50 opened higher by 0.9 points at the 8735.15 mark.
 
The rupee opened at Rs 67.35 per dollar. 
There are 827 advances, 528 declines and 426 unchanged stocks on NSE reflecting strong positive bias in the market.
 
Nifty 50 needs to clear resistance zone of 8750-8770 on a sustainable basis for continuation of the uptrend. On the lower end, the level of 8650 will offer good support to the Nifty.
 
The Asian markets are trading weak. Nikkei plunged by 70 points; Shanghai composite index is down by 21 points. SGX Nifty is trading at 8747 levels, up by 13 points or 0.15%.
 
The European markets closed with mixed feelings. FTSE gained 0.46% owing to Bank of England’s decision to keep the interest rates unchanged. DAX plunged by 31.55 points or 0.27% and CAC40 closed down by 0.29 points or 0.01%.
 
The US stocks closed with minor changes following a session weighed by concerns over President Donald Trump’s latest overtures to foreign leaders. The Dow Jones Industrial Average fell 6 points, the S&P 500 index closed up 1.30 points and Nasdaq Composite index slipped 6.45 points.