Wednesday, 13 January 2016

Weakness! Nifty falls below 7450

The BSE Mid-cap Index is trading down 2% at 10,572, whereas BSE Small-cap Index is trading down 4% at 11,476.


NSE1
At 12:46PM, the S&P BSE Sensex is trading at 24,503 down 178 points, while NSE Nifty is trading at 7,456 down 58 points after briefly dipping below the 7450 mark.

Nifty is down 18% from March 2015 highs.
The BSE Mid-cap Index is trading down 2% at 10,572, whereas BSE Small-cap Index is trading down 4%  at 11,476.

Tata Motors, BHEL, Bharti Airtel, Infosys, RIL, Sun Pharma, Tata Steel and Adani Ports  are among the gainers, whereas TCS, United Breweries, Karnataka Bank, Mindtree and Bayer Cropscience  are losing sheen on BSE.
The India VIX (Volatility) index is down 2.95% to 18.1600.

Out of 1,787 stocks traded on the NSE, 109 declined and 1,455 advanced today while 223 remained unchanged. A total of 49 stocks registered a fresh 52-week high in trades today, while 96 stocks touched a new 52-week low on the NSE.

US stocks ended higher on Tuesday despite persistent worries over sliding oil prices, as technology and healthcare shares rallied towards the close of trade. The main stock indexes started the day higher but dipped into negative territory by the afternoon amid continued pressure on oil prices. However, stocks managed to recover later in the session. The S&P 500 gained 0.8%, Dow Jones advanced 0.7% and Nasdaq Composite climbed 1%, snapping an eight-day losing streak. The Nymex crude oil futures lost 3.1% to end at US$30.44 per barrel - its lowest close since Dec. 1, 2003 after dipping as low as US$29.93.

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