Thursday 28 April 2016

Live Stock Market Updates - Nifty Trades Below 7,900 Level

Posted by suhani varma on Thursday, April 28, 2016 with No comments

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The S&P BSE Sensex is trading at 25,803 down 263 points, while NSE Nifty is trading at 7,900 down 79 points.

The BSE Mid-cap Index is trading down 0.34% at 11,067, whereas BSE Small-cap Index is trading down 1% at 11,804.

TCS, Lupin, Bharti Airtel and Coal India are among the gainers, whereas M&M, BHel, ITC, HUL,  HDFC, Maruti, HDFC, Infosys are losing sheen on BSE.

Some buying activity is seen in realty sector only, while auto, telecom, FMCG, industrial, oil and gas, capital goods, consumer durables, utilities, banking and pharma showing weakness on BSE.

The INDIA VIX is down 0.41% at 16.2850. Out of 1,800 stocks traded on the NSE, 971 declined, 519 advanced and 302 remained unchanged today.

A total of 20 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.

The Indian rupee opened higher by 5 paise at 66.54/$ against US Dollar on Thursday as against the previous close of 66.44/$. On the global front, Fed decided to maintain status quo on the interest rates, indicating that the process of policy normalization will be a gradual one. The centralbank also mentioned that it will monitor inflation parameters and global developments before taking a call on the interest rate trajectory. On economic front, Fed elaborated that although labour markets have witnessed improvement, household spending has moderated. Fed once again did not throw light on how it perceives the balance of risks to the economic outlook. Overall, the policy stance is inferred to be dovish and as a result US dollar is losing ground.

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