Friday, 9 October 2015

Sensex, Nifty Remain Strong; Banking, Capital Goods Stocks Gain

Posted by suhani varma on Friday, October 09, 2015 with No comments

The S&P BSE Sensex is trading at 27,078 up 232 points, while NSE Nifty is trading at 8,194 up 65 points. The BSE Mid-cap Index is trading up 0.33% at 10,981, whereas BSE Small-cap Index is trading up 0.50% at 11,383.

All the sectoral indices continue to trade on a positive note. The CNX Metal index is the top gainer - up 2.6% to 1,843. The India VIX (Volatility) index has slumped 1.2% to 19.33. Vedanta, ICICI Bank, Hindalco, Tata Steel, ONGC and L&T are the other major gainers.

On the flip side, Asian Paints is the major loser, down nearly 2% at Rs. 860. Indian Rupee today opened at 64.89/$ higher by 18 paise in early trade on Friday. The broader strength remains resilient, thanks to healthy foreign capital inflows and steady economic growth prospects. In the latest, Organisation for Economic Co‐operation and Development stated that in India’s economic growth trajectory remains firm, while growth in various economies.

Shares of DLF Ltd stock is up by 1% at Rs. 140. The promoters is planning to sell 40% stake in a subsidiary that owns many of the company’s rent-generating. This move facilitates the monetizing of the company’s rental assets through a stake sale to private equity investors, says report.

Transport Corporation of India Ltd soared 13% at Rs. 279.80 on high volume. The company after said in a notice to BSE that its board had approved a scheme of arrangement between Transport Corp. and its arm TCI Express Ltd for demerger.The scrip opened at Rs. 266.8 and has touched a high and low of Rs. 292.3 and Rs. 264.4 respectively. So far 872351(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1884.34 crore.

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