Wednesday 18 November 2015

Nifty Below 7750 Levels

Posted by suhani varma on Wednesday, November 18, 2015 with No comments

The S&P BSE Sensex is trading at 25,535 down 316 points, while NSE Nifty is trading at 7,742 down 94 points. The BSE Mid-cap Index is trading down 0.43%, whereas BSE Small-cap Index is trading down 1%. Some buying activity is seen in consumer durable, capital goods,auto, oil & gas, FMCG and power sectors, while IT, teck and realty sectors are showing weakness on BSE.

NTPC, Coal India, Bharti Airtel, GAIL, Tata Motors and Cipla are among the gainers, whereas Infosys, Hindalco, Vedanta, Tata Steel, Dr.Reddy's, Maruti Suzuki are losing sheen on BSE. Sun Pharma, Tata Motors, BHEL, ITC, L&T and NTPC are among the gainers, whereas Infosys, ONGC, Vedanta, GAIL, Hero MotoCorp, Hindalco and TCS are losing sheen on BSE.

The Indian rupee opened lower by 11 paise at 66.13/$ in early trade on Wednesday. Indian rupee lost ground, with values moving again above 66 levels against the greenback. Burgeoning strength in US dollar against the basket of major currencies is taking a toll on the emerging markets. In addition, Indian rupee was also weighed down by subdued export numbers. In this respect, Indian exports during October contracted 17.5% on yoy basis.

Pipavav Defence and Offshore Engineering has gained 1.2% at Rs. 63.70 on BSE. Reserve Bank of India notified that Registered Foreign Portfolios Investors (RFPIs)/Foreign Institutional Investors (FIIs)/Qualified Foreign Investors (QFIs) can now invest up to 12 per cent and Non Resident Indians (NRIs)/ Persons of Indian Origin (PIO) up to 2 per cent of the paid up capital of Pipavav Defence and Offshore Engineering Limited under the Portfolio Investment Scheme (PIS).

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