Live Stock Market Updates: Market trades near day’s low; JSW Steel down by 3.7%

         Nifty Metal index has extended its losses at lunch hours trading lower by 75 points at 3047 levels. JSW Steel is the top loser in the index trading lower by 3.7% at Rs 179.8 per share.
 
Other metal stocks like Jindal Steel, Tata Steel, SAIL, Hindalco and Vedanta Limited are also trading lower by up to 3%.
 
At 1 PM, the S&P BSE Sensex is trading at 29195 down 225 points, while NSE Nifty is trading at 9035 up 72 points. A total of 60 stocks registered a fresh 52-week high in trade today, while 24 stocks touched a new 52-week low on the NSE.
 
There are 618 advances, 971 declines and 340 unchanged stocks on NSE reflecting fairly negative bias floating in the market.
 
The BSE Mid-cap Index is trading down 0.3% at 13810, while BSE Small-cap Index is trading lower by 0.13% at 14059.
 
All the sectoral indices on BSE are trading in negative territory except BSE Consumer Durables index index.
 
Bank of Baroda, Bharti Infratel, IndusInd Bank, Infosys and Hindustan Unilever Limited are among the gainers, whereas Idea, Tata Steel, Hindalco, Coal India and Reliance Industries Limited are losing sheen on NSE.
 
The INDIA VIX is up 3.6% at 12.4.

Opening Bell - Markets open in red; Healthcare stocks plunge

At 9:15 AM, the BSE Sensex opened lower by 25 points at 29395, while the Nifty50 opened lower by 14 points at the 9093 mark.
 
ICICI Bank is the top Nifty gainer and Aurobindo Pharma is the top Nifty loser in the morning hours on Monday. ICICI Bank is trading higher by 0.3% at Rs 275 per share whereas Aurobindo Pharma is trading lower by 2.5% at Rs 671 per share.
 
There are 754 advances, 586 declines and 430 unchanged stocks on NSE reflecting fairly positive bias floating in the market.
 
Nifty50 needs to sustain above the level of 9,170 to continue its upward movement. If it does, it is likely to scale up to levels of 9,220-9,300. On the downside, the level of 9,060 is an immediate support for Nifty50 and the next support is placed around the level of 9,000.
 
The rupee opened at 65.28 per dollar higher by 14 paise.
 
The US stocks closed mostly lower, with major indices posting the biggest weekly losses in months, after House Republican pulled a controversial Healthcare bill from consideration as they did not have enough vote to pass the bill. The Dow Jones Industrial Average slid 60 points to 20,597. The S&P index closed 2 points lower at 2,344. The Nasdaq Composite ended with marginal gains of 11 points. 
 
Majority of Asian markets are trading in the negative terrain on Monday. Japan’s Nikkei 225 has declined about 300 points. Hang Seng is trading flat with negative bias and Shanghai Composite has gained 8 points.