Sensex, Nifty trade weak ahead of Gujarat exit polls; TCS, Wipro top losers


Dalal Street

Benchmark indices mildly recover after sharp fall, as investors eagerly awaited exit polls results later today after the end of second phase of Gujarat Assembly elections.

The Sensex languished below the 33,000 level after skidding below that level in mid-morning trade.

At 1:28 PM, the BSE Sensex was trading at 33,050, slipping 3 points, while the broader Nifty50 index was trading at 10,181, down 12 points.

The selling pressure was broad-based, as the BSE Midcap Index fell 0.29% and the BSE Smallcap Index declined 0.28%.

On the economy front, India's inflation based on the wholesale price index, stood at 3.93% for the month of November 2017, as compared to 3.59% for the previous month and 1.82% during the corresponding month of the previous year.

Power, Consumer Durables, Utilities, IT and Industrial Index were the top losers on the BSE, while Pharma, Oil and Gas, Energy, Auto and Telecom were the top gainers.

Capital goods stocks declined. BEML (-1.42%), Siemens (-1.18%), Thermax (- 0.87%), BHEL (- 0.56%), Bharat Electronics (- 0.44%), Havells India (- 0.43%) and ABB India (- 0.39%) edged lower.

L&T was down 0.43%, as the company said it has successfully commissioned and handed over the state-of-the-art 225 megawatts (MW) Sikalbaha Combined Cycle Power Plant to Bangladesh Power Development Board (BPDB) for commercial operation.

Dr. Reddy’s (+1.8%), Tech Mahindra (+1.8%),  HCL Tech (+1.4%), HPCL (+1.4%) and M&M (+1.2%) were the top gainers on the Nifty50.

TCS (-3%), UP (-1.9%), GAIL (-1.8%), Bajaj Finance (-1.7%) and Ambuja (-1.3%) were the top losers in today’s trade.

India VIX gained 4.95%.

Out of 1,990 stocks traded on the NSE, 446 advanced, 1,208 declined and 316 remained unchanged today.

A total of 37 stocks registered a fresh 52-week high in trade today, while 26 stocks touched a new 52-week low on the NSE.

 Click Here For Free Trial :


Comments

Post a Comment

Popular posts from this blog

Top stocks in focus today: SBI, L&T, Bharat Fin, ONGC, Infosys, HDFC

Image
Ashok Leyland: Is looking at investing 4-5 bln rupees in its electric vehicle business over the next three to five years, Managing director Vinod Dasari said. Au Small Finance Bank: Has signed a three-year pact with Small Industries Development Bank of India to fund term  loan  proposals worth 2.5-20.0 mln rupees related to micro, small and medium enterprises. Bajaj Hindusthan Sugar: Board has approved the conversion of its  loan s from lenders into optionally convertible debentures or optionally convertible preference shares, under the Reserve Bank of India's scheme for sustainable structuring of stressed assets. Bharti Airtel: LPG subsidy recipients who had Airtel Payments Bank accounts were not getting their share of subsidy for the past few weeks, according to the Ministry of Petroleum and Natural Gas. Cadila Healthcare: Has received an approval from the US Food and Drug Administration to market Tamoxifen Citrate tablets USP in 10-mg, 20-mg strength. Cl
Read more

Live Stock Market Updates - Nifty, Sensex close to their morning highs; United Spirits gains by 16%

Image
Nifty and Sensex trading close to their morning highs as Pharma, FMCG and Auto Index pose strong gains. Pharma stocks up by 2.5%, lead by strong gains of Sun Pharma, Cipla, and Aurobindo Pharma, while Tata Motors lead the Auto Index. At 12:49 PM, the S&P BSE Sensex is trading at 33,276, up by 128 points, while NSE Nifty is trading at 10,355, up by 12 points. The BSE Mid-cap Index is trading up by 0.6% at 16,432 whereas BSE Small-cap Index is trading up by 0.58% at 17,356. Adani Ports, Sun Pharma, ITC, Bajaj Finance and Tata Motors are among the gainers, whereas YES Bank, Infratel, Bharti Airtel, Indian Oil and HPCL are losing steam on NSE. Some buying seen in Basic Materials, Healthcare, Industrials, Auto, Utilities, and Capital Goods,  while Energy, Telecom, Bank, and Oil & Gas sectors show weakness on the BSE. The INDIA VIX is down by 2.1% at 11.37. Out of 1,972 stocks traded on the NSE, 1,007 advanced, 633 declined, and 332 remained unchanged tod
Read more

How Insurance Can Improve the Ease of Doing Business

Image
World Bank’s Ease of Doing Business report that came out in the first week of November 2017 had quite a focus on insurance in it. It pointed out that if India has to improve its ranking in the annual report, the role of insurance has to be reconsidered in a positive sense in 6 out of the 10 criteria highlighted.   The overall ranking of India has improved to the 100 th  position among the 190 countries this time however, economists believe it is still low and there’s a lot of scope for improvement. Some of the sectors where insurance can either improve the country’s ranking or assist in coping with the issue pointed out are: 1. Dealing with Construction Permits The worst performance in the entire report is reflected under this criteria. Here, India has been ranked 181 out of the 190 countries listed with an entire section dedicated just to liability and insurance. The World Bank offers thesuggestion that even after a building is occupied, the architects, engineers, technical in
Read more