Markets end marginally lower, Metal stocks hog limelight

Benchmark indices NSE Nifty closed at 9647 levels, lower by 16 points or 0.1%, whereas the BSE Sensex closed at 31213 levels, lower by 57 points or 0.1%.
 
While, BSE Mid-cap Index closed up by 0.2% at 14834 whereas, BSE Small-cap Index closed up by 0.2% at 15472. 
 
There were 811 advances, 821 declines and 320 unchanged stocks on NSE, reflecting fairly bearish undertone floating in the market.
 
Dr Reddy’s was the top Nifty gainer whereas, GAIL was the top Nifty loser. 
 
As the Reserve Bank of India on Thursday announced that it has devised a strategy to deal with large stressed accounts and expects to see some action soon, major PSU banks slipped in red in closing hours of trade.
 
Petronet LNG fell close to 3% at Rs 426.90 per share on Thursday’s morning session. It was reported on a national news portal that GDF International was looking to sell its entire 10% stake in Petronet LNG in a block trade on Thursday. The stock closed at lower by 3.3%.
 
CLSA had given positive view on steel stocks which led to the strong upward rally of the metal stocks on Thursday. Jindal Steel, Tata Steel, JSW Steel, Steel Authority of India, NMDC Limited, Hindalco, Vedanta gained up to 4% in Thursday's trading session.
 
Bharat Wire Ropes soared over 5% as the company announced that it has bagged order of Rs 37 crore. The stock closed higher by 3.2%.

Live Stock Market Updates – Lacklustre trade on D-Street, Hydropower stocks sizzle

Adani Ports, GAIL and Wipro were down 1-2% followed by ITC, ICICI Bank, HDFC, Tata Motors and SBI whereas Reliance Industries and Maruti 1% each.

 
NHPC is majorly contributing to BSE Power gains. NHPC was trading higher by 5.4% at Rs 33.20 per share at 10;04 hours IST. It also hit a 52-week high value of Rs 34.25.
 
The government has reportedly decided to provide a Rs 16,000 crore bailout package to the hydropower sector.
 
At 11 AM, the S&P BSE Sensex is trading at 31135 down 77 points, while NSE Nifty is trading at 9624 down 23 points. A total of 65 stocks registered a fresh 52-week high in trade today, while 24 stocks touched a new 52-week low on the NSE.
 
There are 784 advances, 791 declines and 375 unchanged stocks on NSE reflecting a flattish floating in the market.
 
The BSE Mid cap Index is trading down 0.05% at 14827, while BSE Small cap Index is trading up 0.4% at 15536.
 
Some buying activity is seen in Oil & Gas, Power and Realty and Bankex, Auto, Telecom and Finance showing weakness on BSE.
 
Maruti, Indiabulls Housing Finance, Vedanta, Reliance and YES Bank are among the gainers, whereas Tech Mahindra, Infosys, Adani Ports, GAIL, Wipro, Lupin are losing on the NSE.
 
The INDIA VIX is down 1.4% at 10.

Opening Bell - Markets open lower; IT stocks drag

At 9:15 AM, the BSE Sensex opened lower by 22 points at 31196, while the Nifty50 opened lower by  9 points at the 9638 mark.

 
Reliance Industries Limited is the top Nifty gainer and Infosys is the top Nifty loser in the morning hours. RIL is trading at Rs 1348 per share up by 1.24% whereas Infosys is trading at Rs 932 per share, down by 2.56%.
 
IT stocks are trading in negative territory in the morning hours on Friday extending its Thursday’s loss. Tech Mahindra, HCL Tech, Wipro and Infosys are the top Nifty losers.
 
There are 831 advances, 823 declines and 87 unchanged stocks on NSE. The rupee opened at 64.27 per US dollar lower by 6 paise on Friday.
 
The level of 9,630 is an immediate support level for the Nifty50 index, and if it holds below the level of 9,620, it may correct up to the level of 9,570, whereas the region of 9,700-9,710 may continue to act as a barrier on the upside. 
 
Back home, Indian markets after making a positive start on Thursday, slipped in the negative terrain and ended the session with marginal losses as investors and traders preferred taking profit ahead of the UK elections and former FBI chief James Comey testimony.
 
The US stocks showed a lack of direction over the course of the trading session on Thursday. Despite the choppy trading session, the tech-heavy Nasdaq finished at a record level as other benchmarks closed higher. The Nasdaq Composite Index advanced 24 points at a record 6,322. The Dow Jones Industrial Average finished up 9 points at 21,183 and the S&P 500 closed flat at 2,434. 
 
Most of the Asian stocks are trading in positive territory in early trades on Friday. Japan’s Nikkei 225 has gained 160 points; Hong Kong’s Hang Seng has slipped 21 points, while China’s Shanghai Composite has gained 6 points.