The INDIA VIX is down 9.59% at 22.3050. Out of 1,798 stocks traded on the NSE, 190 declined, 1,348 advanced and 260 remained unchanged today.
The Indian stock market rally on the back of firm global markets. Today, top gainers from NSE are Bank of Baroda, Vedanta, Tata Steel, Hindalco, Adani Ports, SBI, L&T, Axis Bank, Tata Motors and PNB.
The market continues to trade on a gung-ho note, on the back of strong gains in – metal, realty, capital goods, oil and gas, energy and auto shares.
At 1:27 PM, the S&P BSE Sensex is trading at 23,567 up 581 points, while NSE Nifty is trading at 7,167 up 186 points.
In broader market is out-performing the BSE headline index, the Midcap has gained over 3.49 percent at 9,950 and the Smallcap index has advanced 3.58 percent at 10,028.
Among Nifty gainers - Bank of Baroda and Vedanta have rallied over 10 percent each at Rs. 134 and Rs. 70.10. Tata Steel, Hindalco have jumped over 5 percent each at Rs.237.80 and Rs. 65.16, respectively.
Tata Steel, SBI, L&T, Coal India, Adani Ports and Tata Motors are among the gainers, whereas Bharti Airtel, HUL, Dr.Reddy's and Asian Paints are losing sheen on BSE.
The INDIA VIX is down 9.59% at 22.3050. Out of 1,798 stocks traded on the NSE, 190 declined, 1,348 advanced and 260 remained unchanged today.
A total of four stocks registered a fresh 52-week high in trades today, while 43 stocks touched a new 52-week low on the NSE.
Indian Rupee opened higher by 5 paise at 68.19/$ in early trade on Monday as against the previous close of 68.23/$. On Friday, Indian rupee scaled higher against the greenback, helped by modest recovery in the domestic equities. On macroeconomic side, US retail sales during January grew in line with the expectations at 0.2%, while core retail sales (excluding auto) were reported at.1%. In Europe, Eurozone Q4 GDP readings came in +.3% on q‐o‐q basis, while rising 1.5% on yoy basis. Germany's Q4 GDP rose by 0.3% on q‐o‐q and 2.1% on y‐o‐y basis. However, Eurozone industrial production numbers disappointed, falling 1% on mom basis.
Marksans Pharma slipped 7% to Rs.44.70 on BSE. The pharma company reported consolidated net profit of Rs.17.93 crore for the quarter ended December 31, 2015, registering decline of 35.29% yoy. The company’s revenue stood at Rs. 217.51 crore, up 1.97% yoy but down 14.88% qoq.
Bank of Baroda soared 11.5% to Rs.127.50 on BSE. The bank has posted a net loss of Rs. 3,342 crore for the quarter ended December 31, 2015 as compared to net profit of Rs. 333 crore for the quarter ended December 31, 2014. The bank's Net Interest Income (NII) stood at Rs. 2705.34 crore, registering decline of 17.67% yoy and 16.61% qoq.
NMDC surged 9.6% to Rs.85.80 on BSE. The company has fixed February 25, 2016 as the Record Date for the purpose of Payment of First Interim Dividend for the financial year 2015-16. The company reported standalone net profit of Rs.655.04 crore for the quarter ended December 31, 2015, registering decline of 58.88% yoy.
Tata Motors jumped 2% to Rs.304.65 on BSE. The company is believed to be working on reducing the engine size for its diesel vehicles to circumvent the sales ban imposed by the Supreme Court in Delhi-NCR, reports a business daily. The Mumbai-based company is looking to downsize engines to below 2,000cc (2 litre) for its models, according to the financial newspaper.
ITC gained 1% to Rs.303.05 on BSE. The company is planning to invest Rs. 800 crore in Odisha over the next few years to set up a hotel property and a food processing park in the state, ITC Chairman and Managing Director Y C Deveshwar reportedly said at Make in India event. The hotel property will come up in Bhubaneshwar, while the food processing park details are being worked out, report added.
The market continues to trade on a gung-ho note, on the back of strong gains in – metal, realty, capital goods, oil and gas, energy and auto shares.
At 1:27 PM, the S&P BSE Sensex is trading at 23,567 up 581 points, while NSE Nifty is trading at 7,167 up 186 points.
In broader market is out-performing the BSE headline index, the Midcap has gained over 3.49 percent at 9,950 and the Smallcap index has advanced 3.58 percent at 10,028.
Among Nifty gainers - Bank of Baroda and Vedanta have rallied over 10 percent each at Rs. 134 and Rs. 70.10. Tata Steel, Hindalco have jumped over 5 percent each at Rs.237.80 and Rs. 65.16, respectively.
Tata Steel, SBI, L&T, Coal India, Adani Ports and Tata Motors are among the gainers, whereas Bharti Airtel, HUL, Dr.Reddy's and Asian Paints are losing sheen on BSE.
The INDIA VIX is down 9.59% at 22.3050. Out of 1,798 stocks traded on the NSE, 190 declined, 1,348 advanced and 260 remained unchanged today.
A total of four stocks registered a fresh 52-week high in trades today, while 43 stocks touched a new 52-week low on the NSE.
Indian Rupee opened higher by 5 paise at 68.19/$ in early trade on Monday as against the previous close of 68.23/$. On Friday, Indian rupee scaled higher against the greenback, helped by modest recovery in the domestic equities. On macroeconomic side, US retail sales during January grew in line with the expectations at 0.2%, while core retail sales (excluding auto) were reported at.1%. In Europe, Eurozone Q4 GDP readings came in +.3% on q‐o‐q basis, while rising 1.5% on yoy basis. Germany's Q4 GDP rose by 0.3% on q‐o‐q and 2.1% on y‐o‐y basis. However, Eurozone industrial production numbers disappointed, falling 1% on mom basis.
Marksans Pharma slipped 7% to Rs.44.70 on BSE. The pharma company reported consolidated net profit of Rs.17.93 crore for the quarter ended December 31, 2015, registering decline of 35.29% yoy. The company’s revenue stood at Rs. 217.51 crore, up 1.97% yoy but down 14.88% qoq.
Bank of Baroda soared 11.5% to Rs.127.50 on BSE. The bank has posted a net loss of Rs. 3,342 crore for the quarter ended December 31, 2015 as compared to net profit of Rs. 333 crore for the quarter ended December 31, 2014. The bank's Net Interest Income (NII) stood at Rs. 2705.34 crore, registering decline of 17.67% yoy and 16.61% qoq.
NMDC surged 9.6% to Rs.85.80 on BSE. The company has fixed February 25, 2016 as the Record Date for the purpose of Payment of First Interim Dividend for the financial year 2015-16. The company reported standalone net profit of Rs.655.04 crore for the quarter ended December 31, 2015, registering decline of 58.88% yoy.
Tata Motors jumped 2% to Rs.304.65 on BSE. The company is believed to be working on reducing the engine size for its diesel vehicles to circumvent the sales ban imposed by the Supreme Court in Delhi-NCR, reports a business daily. The Mumbai-based company is looking to downsize engines to below 2,000cc (2 litre) for its models, according to the financial newspaper.
ITC gained 1% to Rs.303.05 on BSE. The company is planning to invest Rs. 800 crore in Odisha over the next few years to set up a hotel property and a food processing park in the state, ITC Chairman and Managing Director Y C Deveshwar reportedly said at Make in India event. The hotel property will come up in Bhubaneshwar, while the food processing park details are being worked out, report added.
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