Thursday 21 January 2016

Nifty Trades Below 7,300

Posted by suhani varma on Thursday, January 21, 2016 with No comments

The S&P BSE Sensex is trading at 23,903 down 148 points, while NSE Nifty is trading at 7,265 down 44 points. The BSE Mid-cap Index is trading down 0.27% at 10,005, whereas BSE Small-cap Index is trading up 0.16% at 10,327.

Some buying activity is seen in banking, capital goods, finance, basic materials and IT sectors, while FMCG, auto, telecom and pharma sectors are showing weakness on BSE.

Axis Bank, ICICI Bank, Tata Steel, BHEL, SBI, Hero MotoCorp, NTPC and GAIL are among the gainers, whereas Coal India, Tata Motors, HUL, ITC, ONGC, M&M and Sun Pharma are losing sheen on BSE.

The India VIX (Volatility) index is up 2.92% to 21.5775. A total of four stocks registered a fresh 52-week high in trades today, while 61 stocks touched a new 52-week low on the NSE. Out of 1,781 stocks traded on the NSE,674 have declined and 814 advanced so far.

Indian Rupee opened at 67.86/$,up 11 paise in early trade on Thursday as against the previous close of 67.95/$. On Wednesday, Indian rupee tumbled against the greenback, with values moving well above 68 levels. Sharp sell‐off in domestic equities and concerns over persistent foreign capital outflows took a toll on Indian rupee.

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