Friday, 1 January 2016

Jan series: Sensex, Nifty decline in early trade

Some buying activity is seen in capital goods, industrial, auto and realty sectors, while banking, pharma, metal, IT and FMCG sectors are showing weakness on BSE.


Sensex crashes
At 9:28 AM, the S&P BSE Sensex is trading at 26,026 down 92 points, while NSE Nifty is trading at 7,921 down 26 points.

The BSE Mid-cap Index is trading up 0.28% at 11,174, whereas BSE Small-cap Index is trading up 0.16% at 11,856.

Some buying activity is seen in capital goods, industrial, auto and realty sectors, while banking, pharma, metal, IT and FMCG sectors are showing weakness on BSE.

Tata Motors, L&T, SBI, M&M, Axis Bank, Lupin and Cipla are among the gainers, whereas ONGC, Sun Pharma, ICICI Bank, NTPC, Tata Steel and GAIL are losing sheen on BSE.

The India VIX (Volatility) index is up 2.66% to 14.2400. Out of 1,744 stocks traded on the NSE, 600 declined and 744 advanced today.

A total of 34 stocks registered a fresh 52-week high in trades today, while three  stocks touched a new 52-week low on the NSE.

Indian rupee opened at 66.18/$ lower by 3 paise in early trade on Friday as against the previous close of 66.15/$. Yesterday, Indian rupee extended the recovery against the greenback, helped by reports that Qatar government has agreed to reduce gas prices for India. This will further help in mitigating India’s current account deficit. Indian rupee closed at 66.15 levels, a six week high. However on YTD’15 basis, the domestic unit was down by 4.7%. Meanwhile, there is some pressure on Indian rupee on account of month end dollar demand for US dollar from the importers.

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