Wednesday 24 February 2016

Nifty Cracks Below 7100

Posted by suhani varma on Wednesday, February 24, 2016 with No comments

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The S&P BSE Sensex is trading at 23,247 down 163 points, while NSE Nifty is trading at 7,063 down 47 points. The BSE Mid-cap Index is trading down 0.49% at 9,684, whereas BSE Small-cap Index is trading down 0.60% at 9,738.

HUL, Infosys, Asian Paints, Maruti Suzuki and Bharti Airtel are among the gainers, whereas NTPC, BHEL, ICICI Bank, Tata Motors and Adani Ports are losing sheen on BSE.

The INDIA VIX is up 0.65% at 23.9925. Out of 1,775 stocks traded on the NSE, 1,028 declined, 306 advanced and 364 remained unchanged today. A total of four stocks registered a fresh 52-week high in trades today, while 54 stocks touched a new 52-week low on the NSE.

The Indian rupee tumbled by 8 paise at 68.65/$ on Wednesday against previous close of 68.57/$. On Tuesday, Indian rupee scaled higher against the greenback, however overall trajectory in Indian rupee remains fragile, given the weakness in domestic equities and persistent foreign capital outflows. Moreover, month end dollar demand from the importers and strong tone in US dollar against basket of major currencies is also taking a toll on Indian rupee.

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