Sensex, Nifty in red; ONGC up 3%

The Indian equity markets climbed for a second day shrugging off a weak trade in Asian equities as buying by domestic funds countered the relentless selling by foreign institutional investors. Nifty50 hit 8,300 for the first time since November 11. The Nifty Bank rises above 200-DMA of 18,215.

At 12:30 PM, the S&P BSE Sensex is trading at 26873 down mere five points, while NSE Nifty is trading at 8,272 down three points.

The BSE Mid-cap Index is trading up 0.28% at 12,391, whereas BSE Small-cap Index is trading up 0.02% at 12,496.

ONGC, Yes Bank, IndusInd Bank, Dr Reddy's and Infratel are among the gainers, whereas Tech Mahindra, HCL Tech, TCS, Infosys and Wipro are losing sheen on NSE.

A total of 25 stocks registered a fresh 52-week high in trade today, while five stocks touched a new 52-week low on the NSE.

Out of 1,901 stocks traded on the NSE, 831 declined,724 advanced and 3446 remained unchanged today.

Some buying is observed in pharma, banking, metal, auto and financial services sectors while IT, FMCG and realty stocks are showing weakness on NSE.

The INDIA VIX is down 1.49% at 14.82.

Sensex, Nifty trade flat; Tech Mahindra falls 4%

The Indian equity markets climbed for a second day shrugging off a weak trade in Asian equities as buying by domestic funds countered the relentless selling by foreign institutional investors. Nifty50 hit 8,300 for the first time since November 11. The Nifty Bank rises above 200-DMA of 18,215.

At 9:39 AM, the S&P BSE Sensex is trading at 26,977 up 99 points, while NSE Nifty is trading at 8,295 up 22 points.

The BSE Mid-cap Index is trading up 0.65% at 12,436, whereas BSE Small-cap Index is trading up 0.52% at 12,559.

Yes Bank, ONGC, IndusInd Bank, GAIL and Hero MotoCorp are among the gainers, whereas HCL Tech, TCS, Infosys and Grasim are losing sheen on NSE.

A total of 20 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

Out of 1,887 stocks traded on the NSE, 436 declined, 978 advanced and 446 remained unchanged today.

Some buying is observed in pharma, banking, FMCG and financial services sectors while IT stock is showing weakness on NSE.

The INDIA VIX is down 0.54% at 14.96.

YES BANK LTD is currently trading at Rs 1242, up by Rs 32.3 or 2.67% from its previous closing of Rs 1209.7 on the BSE.

TECH MAHINDRA LTD is currently trading at Rs 467, down by Rs 21.3 or 4.36% from its previous closing of Rs 488.3 on the BSE.

The BSE IT index cracked down by 2% or192 points at 9,946 as against the previous close of 10,138. IT stocks are down for the second straight session, down over 200 points on NSE.

The BSE IT index opened at 10,094 and hits a high of 10,130 and a low of 9,911.

Two US Congressmen have reintroduced a bill to curb the use of H-1B visas, on which the Indian IT sector is particularly dependent, the first salvo in the battle against outsourcing that is expected under the watch of President-elect Donald Trump. The new bill would require workers on the H-1B visa pay a minimum of $ 100,000, up from $ 60,000 currently. The bill also removes the Master's degree exemption to the cap on the number of visas available, as per media reports.

HCL TECHNOLOGY LTD. is currently trading at Rs 816, down by Rs 28.1 or 3.33% from its previous closing of Rs 844.1 on the BSE. The scrip opened at Rs 834 and has touched a high and low of Rs 840 and Rs 816 respectively. So far 691881(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 119119.22 crore.

JUST DAIL LTD is currently trading at Rs 386.9, down by Rs 7.1 or 1.8% from its previous closing of Rs 394 on the BSE. The scrip opened at Rs 397.8 and has touched a high and low of Rs 405 and Rs 381.9 respectively. So far 3801199 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2780.28 crore.

MINDTREE LTD  is currently trading at Rs 509.25, down by Rs 14.3 or 2.73% from its previous closing of Rs 523.55 on the BSE. The scrip opened at Rs 523.15 and has touched a high and low of Rs 523.15 and Rs 508.1 respectively. So far 662646 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 8795.23 crore.

SPICEJET gained 1.1%. The airline company is poised to order at least 92 Boeing Co. 737 jetliners as the carrier plots rapid expansion.

PIRAMAL ENTERPRISES zoomed 2.4% on the BSE. Piramal Finance, a subsidiary of Piramal Enterprises, said it plans to foray into housing finance business. In line with the company's growth plans, Piramal Finance will now make an application to the National Housing Bank for incorporating a housing finance company. This has been approved by the company's board on January 5.

WOCKHARDT climbed 7%. Wockhardsaid German regulator has issued European Union Good Manufacturing Practice certificate to the company's Ankaleshwar facility in Gujarat.

CHARTERED LOGISTICS

 inched up 0.4%. The company registered net profit of Rs 4 crore, up 50%, against Rs 2.74 crore in the corresponding quarter last year.

GM BEWARIES dropped 3.4%. The company reported 36% decline in net profit at Rs 10 crore for the quarter ended December 30, 2016. It had posted a net profit of Rs 15.6 crore in the corresponding quarter last year.

SAGAR CEMENTS jumped 3.5%. South India based, large cap, cement manufacturing company Sagar Cement's consolidated data shows that for the month of December 2016, the total cement sales was negligibly down by 0.3% as compared to sales during December 2015.

Asian indices ex Japan were all trading in the green as emerging markets are starting the New Year in fine fettle as proxy to weakness to US$ with the Trump rally seeing profit booking. The US$ weakened sharply to near November 8th levels & in tandem we saw bond yields also fall to 2.36% levels last seen around the US election results.

Markets Buoyed, Nifty and Sensex settle above 200-DMA

Indian markets broke out of consolidation and closed a percent higher, after a prolonged breather of three trading sessions, taking positive cues from the Wall Street and Asian bourses. 

Nifty closed above 8250 mark at 8273 while Sensex closed at 26878 levels gaining 245 points. On the broader front, Midcap outperformed with 1.35% gains while Smallcap remained more or less in line with 0.96% gains. 

Market breadth remained highly positive with 1950 advances and 885 declines.

Barring the IT sector that tumbled 0.9%, all other sectors ended in green with Metal remaining at the forefront with 3% gains. 

JSW Steel remained the top gainer in the metal index with 7.8% gains. 

Auto sector followed the optimism and gained 2% where Tata Motors DVR and Tata Motors gained the most after Tata Motors posted JLR sales data early in the morning session. 

Banks too recovered from prior day losses. All of the bank index constituents were up in green in today’s session. 

Tata Motors DVR and Adani Ports were the top gainers while IT giants, Tech Mahindra, TCS and HCL Technologies remained top losers for the Nifty.

We saw both Nifty and Sensex crossing its 200 days EMA level on closing basis for the time since mid-November 2016. 

We had talked of a resistance of 8275 followed by 8300 for the Nifty which is not broken yet. Hence, we maintain our resistance levels. On the downside 8250-8220 will act as immediate supports.

Chambal Fertilisers: The stocks sizzled upon reports of Ministry of fertilisers seeking for 80000 crore as subsidy. 

Tata Motors: Tata Motors gained with record sales for JLR being reported from US markets

Yes Bank: Yes bank was the top gainer in the banking space even as Jugnoo enables UPI payments powered by YES Bank on its app. 

Bank of Baroda: The stock, in line with the broader trend gained on bourses on intraday basis even as the bank reduced its Marginal cost of lending rate today.

Sensex and Nifty stable, Metal and Banks up

Tata Motors is the biggest contributor to the Sensex gains; contributing 30 points to the Sensex gains. ICICI Bank with 27 points is the second largest contributor followed by Reliance Industries, Infosys and ONGC contributing 17 pts, 15.41 pts and 14.45 pts respectively.

BSE bankex is gaining on Thursday with the index gaining by almost 1.19% on intraday basis. The index trading at 20692 is up by almost 246 points. ICICI Bank is the biggest gainer in the index followed by Yes Bank. With contribution of almost 94 points to the Index, ICICI Bank is the biggest contributor to the index. Yes bank has contributed almost 35 points to the index.

BSE metal index is shining on bourses on Thursday by gaining more than 2.56% by far outperforming all the sectoral indices. JSW Steel is the biggest gainer in the sector followed by Vedanta and Tata Steel. In fact, all the three stocks put together have contributed to almost 70% of the gains for the BSE metal index.

At 1:06 PM, the S&P BSE Sensex is trading at 26851 up 218 points, while NSE Nifty is trading at 8266 up 76 points. A total of 34 stocks registered a fresh 52-week high in trade today, while 6 stocks touched a new 52-week low on the NSE.

Out of 1894 stocks traded on the NSE, 363 declined, 1219 advanced and 312 remained unchanged today.

The BSE Mid-cap Index is trading up 1.08% at 12326, whereas BSE Small-cap Index is trading down 0.92% at 12486.

Some buying activity is observed in Metal, Bank, Auto, Capital Goods, Oil & Gas, Pharma sectors, while Information Technology, Telecommunications, Realty, Telecom are showing weakness on BSE.

Adani Ports, Tata Steel, Yes Bank, Aurobindo Pharma, Tata Motor DVR, Tata Motors, Bosch, ONGC, ICICI Bank, Ultratech Cement are among the gainers, whereas Infratel, TCS, Tech Mahindra, M&M, ITC are losing sheen on NSE.

The INDIA VIX is down 3.98% at 15.25.

Nifty trading over 8200, Auto and Bank stocks up

Nifty and Sensex are stable and trading in green post the first hour of trading. Auto and Bank stocks are providing the right support to benchmark indices. In addition, Nifty Auto and Metal are indicating strong positive uptrend.  Nifty Auto gained 1.26% while Metal gained 1.47%.

Banks are gaining on an intraday basis on January 5, with several of the banks like Laxmi Vilas Bank, Corporation Bank, Indian Bank, DCB Bank, Vijaya Bank and Dena Bank all trading firmly up, even as the broader markets trade in green. Bank of Baroda is the stock of the day in the Bankex index. The stock of the bank is trading up by 2%.

At 10:46 AM, the S&P BSE Sensex is trading at 26807 up 174 points, while NSE Nifty is trading at 8248 up 58 points. A total of 31 stocks registered a fresh 52-week high in trade today, while 5 stocks touched a new 52-week low on the NSE.

Out of 1893 stocks traded on the NSE, 320 declined, 1213 advanced and 360 remained unchanged today.

The BSE Mid-cap Index is trading up 0.84% at 12194, whereas BSE Small-cap Index is trading down 0.85% at 12372.

Some buying activity is observed in Auto, bank, Metal, Oil & Gas, Pharma sectors, while Telecom, Realty are showing weakness on BSE.

Tata Motors, Yes Bank, Tata Motor DVR, Adani Ports, Hero MotoCorp, Wipro, Bank of Baroda, ONGC, Bosch, Bharti Airtel are among the gainers, whereas Infratel, M&M, Ambuja Cement, HDFCare losing sheen on NSE.

The INDIA VIX is down 3.13% at 15.39.

Sensex, Nifty to open on a positive note

The outlook is a positive start. Asian indices traded in the green even as the Japanese Nikkei traded flat after yesterday's 500 point rally. Renewed bout of global growth optimism saw equities regain momentum as investors bought stocks. Emerging markets also are seeing value buying emerge as investors allocate funds to EM ETF"s.
 
The street expects some bustle in the days ahead with earnings, Trump swearing-in, Union budget and of course the assembly polls in 5 states which commence from Feb 4. On Wednesday again, the market settled flat after a choppy trade, mapping the GST council meet’s indecisiveness which will make an April 1 rollout a difficult task. Domestic funds have managed to absorb most of the selling by foreign investors in the last couple of days. Global cues are just about positive.

The Dollar has shed some weight. Minutes from the Fed’s December meeting mention "substantial uncertainty" about fiscal policy ahead following Trump victory; a "more expansionary fiscal policy" raises possibilities of "somewhat tighter monetary policy than currently anticipated."

Moody’s said strong GDP growth, capacity additions and stabilising commodity prices will support EBITDA growth of 6-12% over the next 12-18 months for India. Foreign direct investment in the country rose 27% yoy during April-Oct FY17 to $ 27.82 bn.

Nifty consolidated around 8200 with banks stocks being under pressure after the recent round of rate cuts. Materials, infra & IT stocks lead from the front with huge buying seen in mid cap leveraged stocks which should be prime beneficiary of lower rates. Nifty may consolidate around 8200 with an attempt to cross the 200 DMA placed @ 8270 with the real action being in the broader market.

Among other stocks in focus are:

HDFC Bank: HDFC Bank cut its benchmark lending rate by up to 0.90% joining over a dozen banks and housing finance companies that have slashed rates in last few days.

Chambal Fertilisers and Chemicals: BSE on Wednesday asked Chambal Fertilisers and Chemicals (CFCL) to explain reasons for sharp increase in trade volumes of its shares. The share price of the company closed 10.49 per cent up at Rs 78.45.

Prima Plastics: The company informed bourses that Prima Dee-Lite Plastics sarl at (Camerron, West Africa) has successfully completed expansion project undertaken to enhance its capacity of production. The existing capacity of the company of 4,500 tonne per annum is increased to 8,500 tonne per annum. The commercial production at the plant has commenced on January 3.

M&M: Mahindra & Mahindra appointed J.P. Morgan Chase Bank, N.A. as its overseas depositary for managing its Global Depositary Receipt programme with effect from January 03.

SAT Industries: The company to hold a board meeting on January 16 to consider allotment of equity shares and to make further investments in its subsidiary company.

Dena Bank: The lender to hold board meeting on January 7 to consider raising of funds.

Gati: Promoter TCI Finance's pledged share were invoked by IDFC Bank. TCI Finance now holds 6.27 percent stake in the company.

BAFNA Pharmaceuticals: The company to hold board meeting on January 7 to consider a proposal to issue 8 million share warrants.

Tata Elxsi: The company partners with Irdeto to provide automakers with secure in-car display systems for automobiles.

LT Foods: The owner of 'Daawat' brand of rice has fixed February 8 as record date for the purpose of sub division of equity shares.

SAIL: The country's largest steel maker SAIL said it has produced 10.18 million tonnes of saleable steel in April to December period of the current fiscal, registering a 15 per cent growth over the year-ago period.

DHFL: The company reduced its home loan lending rates by 0.5 per cent in line with competitors.

Petron Engineering: The company on Wednesday informed bourses that it has received Letter of Intent from Shree Cement, for civil work of plant building & silos and misc. work at their Orissa Grinding Project for contract value of Rs 33 crore.

Sun Pharma: Pharma player Sun Pharma announced successful Phase 3 confirmatory clinical trial results for Seciera for the treatment of dry eye disease.

Tech Mahindra: Country's fifth largest software exporter Tech Mahindra on Wednesday launched a majority-owned joint venture in Saudi Arabia in partnership with local conglomerate Al Fozan Group.

Nifty fails to close above 8200; Bharti Airtel is the top Nifty Gainer

The lacklustre start to a calendar year 2017 continued for a third day in a row where Nifty and Sensex closed on a flattish note.
 

Nifty seems to have taken a prolonged breather at 8190-8200 after rallying from its major support at 7900 levels.
 
Sensex too hovered around 26600-26700 levels during the day. Markets were driven majorly by the Auto sales data that came in mixed and India’s services activity that remained unchanged at 47.6 in December from previous year and contracted from November’s 49.1 on the back of cash crunch in the economy.
 
The Midcap index witnessed a turnaround and underperformed while Small cap maintained outperformance with 0.4% gains.
 
Overall Advance to decline ratio for NSE came in at 3:2 . On the sectoral front Realty and IT outperformed with 2.2% and 1.3% gains.
 
Banks and Financial services dragged the markets down with nearly 0.8% losses on an average.
 
Telecom brothers Infratel and Bharti Airtel were the top gainers while Reliance and Kotak Bank were the top losers. 
 
Going forward we hold 8240 followed by 8300 as our next resistances for the Nifty provided 8215 is broken on closing basis. On the contrary if markets retreat from the said levels we 8020 followed by 7900 as the medium term supports for the Nifty.
 
SSWL has announced that for Q4FY16-17 they have set a target for achieving volume sales of 35.6 lakh, as compared to 33.24 lakh in Q3FY16-17, representing a growth of 7% Q-o-Q. The closed up by 2%.


GODERJ PROPERTIES ended flat at Rs 322. Godrej Properties has informed the bourses that Godrej Greens, the project which it immediately launched after demonetisation has received an overwhelming response.


JUBLIENT LIFE SCIENCES zoomed 12% after the company has duly signed a long-term contract in Radiopharma business with Montreal Canada for distribution of products used for diagnostic and therapeutic procedures for thyroid, myocardial perfusion, lung, kidney and bone scans.

RAMCO SYSTEMS soared 9% on the BSE. Panasonic Group of companies in Malaysia has signed a multi-million-dollar strategic deal with Ramco Systems Sdn. Bhd. Malaysia part of India-headquartered HR software major Ramco Systems to digitize and transform HR and Payroll operations for nearly 20,000 employees nationwide on a unified platform. 

NANDAN DENIM  jumped 10.5% after the Reserve Bank of India notified that foreign portfolio investors can now invest up to 49 per cent in Nandan Denim against 24% earlier.

INDIABULLS HOUSING FINANCE fell 3%. The company reduced its home loan rates by 45 basis points, bringing it down to lowest in six years.

Sensex, Nifty flat; Realty, IT stocks lead

The Indian stock markets opened higher on Wednesday tracking positive trade in global equities as data from U.S., China and Europe boosted optimism for global growth. The Sensex and Nifty are trading flat ahead of corporate results and the government's annual budget.

The Nikkei India Services Purchasing Managers' Index, or PMI, was 46.8 in December, little changed from November's 46.7. The latest reading showed contraction for the second month in a row.

At 12:53 PM, the S&P BSE Sensex is trading at 26,639 up eight points, while NSE Nifty is trading at 8,197 up five points.

The BSE Mid-cap Index is trading up 0.11% at 12,218, whereas BSE Small-cap Index is trading up 0.64% at 12,394.

Bharti Infratel, HCL Tech, Tech Mahindra, ONGC and BHEL are among the gainers, whereas Kotak Mahindra Bank, Eicher Motors, ACC, HUL and RIL are losing sheen on NSE.

A total of 28 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

Out of 1,893 stocks traded on the NSE, 332 declined, 1,044 advanced and 332 remained unchanged today.

Some buying is observed in media, realty, metal, auto, IT sectors while banking, FMCG and financial services stocks are showing weakness on NSE.

The INDIA VIX is up 0.34% at 16.01.

Wockhardt fell 1% on the BSE. The US Food and Drug Administration has issued a warning letter to Wockhardt's Ankleshwar plant, as per reports. The company told ETNow that the warning letter for Ankleshwar facility is not a new development. It is a follow up on import alert on Ankleshwar.

SSWL has announced that for Q4FY16-17 they have set a target for achieving volume sales of 35.6 lakh, as compared to 33.24 lakh in Q3FY16-17, representing a growth of 7% Q-o-Q. The stock is up by 2%.

Godrej Properties rose 1%. Godrej Properties has informed the bourses that Godrej Greens, the project which it immediately launched after demonetisation has received an overwhelming response.

Jubilant Life Sciences zoomed 12% after the company has duly signed a long-term contract in Radiopharma business with Montreal Canada for distribution of products used for diagnostic and therapeutic procedures for thyroid, myocardial perfusion, lung, kidney and bone scans.

Ramco Systems soared 10% on the BSE. Panasonic Group of companies in Malaysia has signed a multi-million-dollar strategic deal with Ramco Systems Sdn. Bhd. Malaysia part of India-headquartered HR software major Ramco Systems to digitize and transform HR and Payroll operations for nearly 20,000 employees nationwide on a unified platform. 

Nandan Denim jumped 12% after the Reserve Bank of India notified that foreign portfolio investors can now invest up to 49 per cent in Nandan Denim against 24% earlier.

Indiabulls Housing Finance fell 1.5%. The company reduced its home loan rates by 45 basis points, bringing it down to lowest in six years.

Glenmark Pharmaceuticals advanced 1%. The pharma major has received final approval from the US health regulator USFDA for sale of Tretinoin Capsules, used in treatment of leukemia.

MOIL climbed 3.3% after the company increased prices for electrolytic manganese dioxide and chemical grades ore by 5% and 10%, respectively.

Bank of India is trading marginally down. The bank cut benchmark lending rates by up to 0.90% point on Tuesday. For one year, the MCLR, or marginal cost of funds based lending rate, is now at 8.50%.

Max Ventures and Industries slipped 2%. The company to hold board meeting on January 9 to consider fund raising options.

Jindal Saw inched up 1%. The shareholders approve raising of funds worth Rs 1,000 crore via non-convertible debentures, QIP issue worth Rs 1,000 crore and GDR/ADR/FCCB issue worth $150 million. 

The Indian rupee higher by four paise on Wenesday at 68.13 per dollar versus previous close of 68.32/$.

Sensex, Nifty flat; Jubilant Life up 5%

The Indian stock markets opened higher on Wednesday tracking positive trade in global equities as data from U.S., China and Europe boosted optimism for global growth.

At 9:33 AM, the S&P BSE Sensex is trading at 26,679 up 36 points, while NSE Nifty is trading at 8,205 up 13 points.

The BSE Mid-cap Index is trading up 0.46% at 12,261, whereas BSE Small-cap Index is trading up 0.64% at 12,393.

Tata Motors, Tata Motors DVR, Ambuja Cements, Tata Steel and Hindalco are among the gainers, whereas ITC, Kotak Bank, RIL, BPCL and Bharti Airtel are losing sheen on NSE.

A total of 16 stocks registered a fresh 52-week high in trade today, while two stocks touched a new 52-week low on the NSE.

Out of 1,874 stocks traded on the NSE, 330 declined, 1,092 advanced and 452 remained unchanged today.

Some buying is observed in media, realty, metal, auto, IT, banking, and financial services sectors while FMCG stocks is showing weakness on NSE.

The INDIA VIX is down 0.18% at 15.93.

The Indian rupee higher by four paise on Wenesday at 68.13 per dollar versus previous close of 68.32/$.

Sensex ends 48 points higher; FMCG, Banking stocks lead

The benchmark equity indices closed higher as banks recovered from the previous session's losses on hopes of a pickup in credit growth following cuts in lending rates. While the indices fluctuated between gains and losses through the session, the market breadth remained firmly in favour of the buyers.

Finally, the BSE Sensex ended with a gain of 48 points at 26,643. It opened at 26,616, touched an intra-day high of 26,724 and low of 26,488.

The NSE  NIFTY closed with a gain of 13 points at 8,192. It opened at 8,196, hit a intra day high of 8,219 and low of 8,149.

Sentiments got some support after Union Finance Minister Arun Jaitley expressed hope that Goods and Services Tax (GST) will be implemented in 2017 and a digitised economy will be the future of India. However, gains were limited after a government report showed that Core sector output in the month of November slowed down to 4.9% from 6.6% in October and 5.01% in September, mainly due to decline in production of crude oil and natural gas.

Meanwhile, investors keeping an eye on the GST Council meeting, to arrive at a consensus on contentious issues, including dual administrative control and inter-state supply.

On the economy front, the next Parliament session is likely to start early from January 31 so that the Budget can be presented on February 1, after a meeting of Cabinet Committee on Political Affairs (CCPA).

Asian stocks began 2017 on a mixed note after most regional markets reopened post the New Year holiday. China's Caixin Manufacturing Purchasing Managers' index (PMI) rose 51.9, compared to 50.9 in November on the back of increased demand. China's Shanghai Composite and Hong Kong's Hang Seng index also added 1% and 0.6%, respectively, while Japan was closed for an extended New Year holiday.

European stocks rose on Tuesday. The FTSE 100 and DAX have gained 0.5% each, while the CAC 40 is up 0.54%.

Some buying is observed in media, banking, metal, FMCG and financial services sectors while IT and auto stocks are showing weakness on NSE. The mid-cap and smallcap stocks representative indices on the BSE surged by 0.6% and 1% respectively.

Among the 50 stocks of the Nifty, Power Grid, Coal India, BHEL, Yes Bank, Axis Bank, Zee, Gail and ICICI Bank were among the gainers, whereas Bharti Airtel, Idea Cellular, Hero MotoCorp, Tata Motors, UltraTech Cement and Bosch were among the losers today.

The India VIX (Volatility) index was up 0.8% to 15.96. Out of 1,893 stocks traded on the NSE, 483 declined and 1,135 advanced today.

The rupee was trading down by 8 paise at 68.30 per US dollar.

Hero MotoCorp slipped 1.4% on the BSE. The company sold a record 67,62,980 units of two-wheelers in the period January-December 2016, translating into a growth of 4.3% over the previous calendar year (2015) when the company had sold 64,86,103 two-wheeler units.

Bajaj Hindusthan Sugar gained 2.2%. The company said that its board, at its meeting held January 2, considered seeking necessary approval of shareholders by way of postal ballot for sale of co-generation business comprising of power generation facility aggregating to 449 MW, in a BSE Filing.

Aban Offshore rose 4.6%. The company announced the completion of sale of 59% equity shares held by Aban Offshore in Aban Green Power and Radhapuram Wintech - subsidiaries of Aban Offshore. The company also completed the transaction for acquisition of 49% equity shares in Aban Drilling Services.

Titan Company zoomed 4.5% on the BSE. The company said that Q3 December 2016 started off on a high of the festive season and long awaited resurgence of the consumer sentiment.

Infosys fell 1% Rs 995 on the BSE. The recent correction in Infosys was led by Chief, Vishal Sikka’s first address of calendar year 2017, wherein he cued towards the difficulties the company would face in automation going forward and cautioned the employees against lacklustre attitude displayed by them. He expects employees to work beyond their scope to deliver the tasks.

A total of 32 stocks registered a fresh 52-week high in trade today, whereas seven stocks touched a new 52-week low on the NSE.