Thursday, 7 January 2016

Nifty Cracks Below 7,600 Level

Posted by suhani varma on Thursday, January 07, 2016 with No comments

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The Indian stock market fell sharply on Thursday after crash in China stock market. The S&P BSE Sensex plunged below 25,000 for the first time since September 8, 2015, while Nifty slipped below 7,600 level, lowest since December 15.

At 12:03 PM, the S&P BSE Sensex is trading at 24,954 down 452 points, while NSE Nifty is trading at 7,599 down 141 points. The BSE Mid-cap Index is trading down 2.23% at 10,891, whereas BSE Small-cap Index is trading down 2.5% at 11,547. All sector are showing weakness on BSE.

Monsanto India, Eclerx Services, SJVN and Supreme Industries are among the gainers, whereas BHEL, Tata Motors, ONGC, Maruti Suzuki and Tata Steel are losing sheen on BSE. The India VIX (Volatility) index is up 9.54% to 18.13. Out of 1,770 stocks traded on the NSE, 1,345 declined and 166 advanced today. A total of 38 stocks registered a fresh 52-week high in trades today, while 21 stocks touched a new 52-week low on the NSE.

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