The BSE Mid-cap Index is trading down 0.82% at 9,627, whereas BSE Small-cap Index is trading down 0.40% at 9,743. The INDIA VIX is up 0.90% at 23.2475. Out of 1,765 stocks traded on the NSE, 1,067 declined, 313 advanced and 385 remained unchanged today.
At 9:42 AM, the S&P BSE Sensex is trading at 23,045 down 146 points, while NSE Nifty is trading at 7,005 down 43 points.
The BSE Mid-cap Index is trading down 0.82% at 9,627, whereas BSE Small-cap Index is trading down 0.40% at 9,743.
All sectors are showing weakness on BSE.
NTPC, Dr.Reddy's, Tata Motors, Infosys, Sun Pharma, Lupin and TCS are among the gainers, whereas Tata Steel, SBI,Coal India, Adani Ports, Bajaj-Auto and L&T are losing sheen on BSE.
The INDIA VIX is up 0.90% at 23.2475. Out of 1,765 stocks traded on the NSE, 1,067 declined, 313 advanced and 385 remained unchanged today.
A total of one stocks registered a fresh 52-week high in trades today, while 72 stocks touched a new 52-week low on the NSE.
Indian Rupee opened lower by 12 paise at 68.49/$ in early trade on Wednesday as against the previous close of 68.37/$. On Tuesday, rupee weakened against the greenback, impacted by the sell‐off in domestic equities, strength in US dollar against the basket of major currencies also weighed on the emerging market currencies. In this respect, US dollar index has moved above close to 97 levels. Meanwhile, Indian rupee is quoted around 68.55 levels in the overseas NDF markets at the time of writing this report.
US indices ended at day’s highs with S&P 500 adding 1.65%, Dow gaining 1.39% and Nasdaq adding 2.27%. Oil futures pared gains and ended down 1.4% at $29.04 a barrel. FIIs remain net sellers and have sold worth nearly Rs 3,000 crore for the week ended February 12.
The Asian markets are trading mixed; Hang Seng index in Hong Kong is trading up by 0.5%, Shanghai index in China gains by half a percent. Kospi and Taiwan index both are trading marginally higher by 0.3%. On the other hand, Nikkei index in Japan is trading lower by 0.2% while Straits Times index is also down by 0.2%.
The Saudi minister, Ali al-Naimi reportedly said that four oil producers agree to freeze output at January levels. The freezing production at January levels was an adequate measure and new steps to stabilise the market may be considered in the next few months.
The government is considering to increase the foreign investment limit in public sector banks to 49% from 20%, according to reports. Report says that the Finance Ministry is looking into the proposal and may be announced in the forthcoming Budget 2016-17.
Bharti Airtel announced top level changes for its Africa operations. To further enhance the level of empowerment and enable faster decision making as well as speed to market, the Company also unveiled a new cluster based organization design. Christian Defaria, MD & CEO, Airtel Africa, has been elevated to the position of Executive Chairman, Airtel Africa. In his new role, he will continue to support the vision of Airtel Africa and lead all matters relating to legal, regulatory affairs, shareholders as well as Mergers & Acquisitions.
Standard & Poor's Ratings Services said that it had revised its outlook on Bank of India to negative from stable.
The BSE Mid-cap Index is trading down 0.82% at 9,627, whereas BSE Small-cap Index is trading down 0.40% at 9,743.
All sectors are showing weakness on BSE.
NTPC, Dr.Reddy's, Tata Motors, Infosys, Sun Pharma, Lupin and TCS are among the gainers, whereas Tata Steel, SBI,Coal India, Adani Ports, Bajaj-Auto and L&T are losing sheen on BSE.
The INDIA VIX is up 0.90% at 23.2475. Out of 1,765 stocks traded on the NSE, 1,067 declined, 313 advanced and 385 remained unchanged today.
A total of one stocks registered a fresh 52-week high in trades today, while 72 stocks touched a new 52-week low on the NSE.
Indian Rupee opened lower by 12 paise at 68.49/$ in early trade on Wednesday as against the previous close of 68.37/$. On Tuesday, rupee weakened against the greenback, impacted by the sell‐off in domestic equities, strength in US dollar against the basket of major currencies also weighed on the emerging market currencies. In this respect, US dollar index has moved above close to 97 levels. Meanwhile, Indian rupee is quoted around 68.55 levels in the overseas NDF markets at the time of writing this report.
US indices ended at day’s highs with S&P 500 adding 1.65%, Dow gaining 1.39% and Nasdaq adding 2.27%. Oil futures pared gains and ended down 1.4% at $29.04 a barrel. FIIs remain net sellers and have sold worth nearly Rs 3,000 crore for the week ended February 12.
The Asian markets are trading mixed; Hang Seng index in Hong Kong is trading up by 0.5%, Shanghai index in China gains by half a percent. Kospi and Taiwan index both are trading marginally higher by 0.3%. On the other hand, Nikkei index in Japan is trading lower by 0.2% while Straits Times index is also down by 0.2%.
The Saudi minister, Ali al-Naimi reportedly said that four oil producers agree to freeze output at January levels. The freezing production at January levels was an adequate measure and new steps to stabilise the market may be considered in the next few months.
The government is considering to increase the foreign investment limit in public sector banks to 49% from 20%, according to reports. Report says that the Finance Ministry is looking into the proposal and may be announced in the forthcoming Budget 2016-17.
Bharti Airtel announced top level changes for its Africa operations. To further enhance the level of empowerment and enable faster decision making as well as speed to market, the Company also unveiled a new cluster based organization design. Christian Defaria, MD & CEO, Airtel Africa, has been elevated to the position of Executive Chairman, Airtel Africa. In his new role, he will continue to support the vision of Airtel Africa and lead all matters relating to legal, regulatory affairs, shareholders as well as Mergers & Acquisitions.
Standard & Poor's Ratings Services said that it had revised its outlook on Bank of India to negative from stable.
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