Tuesday 5 April 2016

Live Stock Market Updates – Sensex Falls Over 350 Points

Posted by suhani varma on Tuesday, April 05, 2016 with No comments

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The BSE Sensex slipped over 250 points after the Reserve Bank of India Governor Raghuram Rajan slashed the repo rate by 25 basis points. At 12:05 PM, the S&P BSE Sensex is trading at 25,042 down 358 points, while NSE Nifty is trading at 7,661 down 98 points.

The BSE Mid-cap Index is trading down 0.77% at 10,586, whereas BSE Small-cap Index is trading down 0.75% at 10,615. RBI decided to reduce the minimum daily maintenance of the cash reserve ratio (CRR) from 95 per cent of the requirement to 90 per cent with effect from the fortnight beginning April 16, 2016, while CRR remains unchanged at 4.0 per cent of net demand and time liabilities (NDTL).

Hero MotoCorp, Axis Bank, Lupin,BHEL, Dr.Reddy's, HUL Maruti Suzuki are among the gainers, whereas Adani Ports, ICICI Bank, Bharti Airtel, GAIL, Sun Pharma and NTPC are losing sheen on BSE.

Some buying activity is seen in energy, oil and gas and pharma sectors, while realty, metal, telecom, industrial, auto, banking and FMCG are showing weakness on BSE. The INDIA VIX is down 0.61% at 17.3425. Out of 1,800 stocks traded on the NSE, 921 declined, 529 advanced and 350 remained unchanged today.

A total of 23 stocks registered a fresh 52-week high in trades today, while 16 stocks touched a new 52-week low on the NSE. The Indian Rupee hit 4-month high and gained by 13 paise at 66.07/$ ahead of the Reserve Bank of India’s bi-monthly policy meeting. The Indian rupee had opened lower by 5 paise amid persistent dollar selling by banks and exporters.

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