Tuesday, 24 May 2016

Live Stock Market Updates - Nifty Trades Below 7,750 Mark

Posted by suhani varma on Tuesday, May 24, 2016 with No comments

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The S&P BSE Sensex is trading at 25,249 up 19 points, while NSE Nifty is trading at 7,737 up mere six points. The BSE Mid-cap Index is trading down 0.12% at 10,977, whereas BSE Small-cap Index is trading down 0.22% at 10,898. Weakness in Asian stocks weighed on sentiment. Pharma and IT stocks declined.

NTPC, ITC, Cipla, Tata Motors, ICICI Bank, RIL, Maruti Suzuki and HDFC are among the gainers, whereas Adani Ports, Bharti Airtel. Sun Pharmaceuticals, M&M, ONGC and GAIL are losing sheen on BSE. Some buying activity is seen in FMCG, utilities, basic materials, metals and realty sectors, while IT, pharma, realty and teck sectors are showing weakness on BSE.

The INDIA VIX is down 0.17% at 16.1325. Out of 1,780 stocks traded on the NSE, 731 declined, 591 advanced and 458 remained unchanged today. A total of 11 stocks registered a fresh 52-week high in trades today, while 16 stocks touched a new 52-week low on the NSE.

Welspun Corp Ltd stock was lower by 4% at Rs. 84. The stock is down for the second day. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs.230.50 million for the quarter ended March 31, 2016 compared with Rs.1437.70 million for the quarter ended March 31, 2015.

VRL Logistics Ltd crashed 20% to Rs.315. The promoters of VRL Logistics have plans to start a regional airline and may sell close to 2% stake in the logistics company, according to reports.

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