The India VIX (Volatility) index is up 15.36% to 20.5000. A total of five stocks registered a fresh 52-week high in trades today, while 131 stocks touched a new 52-week low on the NSE.
At 2:09 PM, the S&P BSE Sensex is trading at 23,914 down 566 points, while NSE Nifty is trading at 7,263 down 171 points.
The BSE Mid-cap Index is trading down 2.90% at 9,941, whereas BSE Small-cap Index is trading down 2.67% at 10,245.
All sectors are showing weakness on BSE. Among sectors - the CNX Metal index has shed 3.7 percent at 160.95. The Media and Realty indices are down 2 percent each, while the Bank Nifty has declined 2.5 percent to 14,894.
Sun Pharma, Infosys, SJVN,Balkrishna Industries, Rajesh Exports and Vakrangee are among the gainers, whereas Tata Steel, RIL, SBI, L&T, Adani Ports, ONGC, ICICI Bank and Axis Bank are losing sheen on BSE.
The India VIX (Volatility) index is up 15.36% to 20.5000. A total of five stocks registered a fresh 52-week high in trades today, while 131 stocks touched a new 52-week low on the NSE.
The breadth too has turned negative - Out of 1,782 stocks traded on the NSE, 1,377 have declined and 165 advanced so far.
Indian Rupee opened at 66.77/$,down 12 paise in early trade on Wednesday as against the previous close of 66.65/$.The Indian Rupee slipped to lowest level since September 2015. On macroeconomic front, IMF has downwardly revised its growth forecasts for the third consecutive time in last 12 months and now projects the world economy to grow at 3.4% in 2016 and 3.6% in 2017, about 2% lower than previous estimates. China's growth is expected at 6.3% in 2016 and 6% next year. Growth outlook for the US has been lowered as well, weighed down by strong US dollar, ensuing weak exports and lower investments in energy sector. US economy is forecasted to grow at 2.6% for 2016 and 2017, down 0.2% from its October forecast. Europe is forecasted to expand by 1.7% this year.
Rallis India hit 52-week low at Rs.142.50 on BSE. The company posted a net profit after taxes and minority interest of Rs. 204.10 mn for the quarter ended December 31, 2015 as compared to Rs. 254.90 mn for the quarter ended December 31, 2014. Total Income has decreased from Rs. 3881.80 mn for the quarter ended December 31, 2014 to Rs. 3111.10 mn for the quarter ended December 31, 2015.Currently, the stock is trading down 3.2% at Rs.144.70.
Axis Bank slipped 2.7% to Rs.382.55 on BSE. The bank is scheduled to announce its December quarter earnings today. According to IIFL estimates, the bank will report net profit around Rs. 2243.9 crore at growth rate of 18.1 % on Y-o-Y basis and 17.1 % on Q-o-Q basis.
BASF India tumbled 4.8% to Rs.799.95 on BSE. The company reported net loss of Rs. 106.38 crore for the quarter ended December 31, 2015. The company’s revenue stood at Rs. 1131.7 crore registering growth of 15.77% yoy.
Titan Company has collaborated with HP, to launch JUXT, the India's most stylish smartwatch.
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