Wednesday 20 July 2016

Live Stock Market Updates - Sensex, Nifty Rally Oil & Gas, Pharma Gain

Posted by suhani varma on Wednesday, July 20, 2016 with No comments

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The S&P BSE Sensex is trading at 27,872 up 85 points, while NSE Nifty is trading at 8,552 up 24 points. The BSE Mid-cap Index is trading up 0.52% at 12,134, whereas BSE Small-cap Index is trading up 0.34% at 11,950. PowerGrid,GAIL, HDFC Bank, RIL, ITC, HUL, Dr.Reddy's, Coal India and Lupin are among the gainers, whereas Wipro, ICICI Bank, Infosys, Bharti Airtel and Axis Bank are losing sheen on BSE.

Some buying activity is seen in oil and gas, energy, pharma, power, realty, FMCG, capital goods and banking sectors, while IT, telecom and teck are showing weakness on BSE. The INDIA VIX is up 0.61% at 15.8925. Out of 1,814 stocks traded on the NSE, 425 declined, 983 advanced and 406 remained unchanged today.

A total of 30 stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE. The Indian rupee opened lower by five paise at 67.15/$ against US Dollar Wednesday as against the previous close of 67.10/$.

Asian markets are trading mixed. Japan's Nikkei slipped 0.73%, Hong Kong's Hang Seng gained 0.73% and Shanghai Composite is trading in red. US markets closed mixed on weak quarterly results from Netflix Inc. S&P 500 at 2,163 points closed down 0.14%.

On Tuesday, the IMF slightly trimmed India's growth projections to 7.4% for 2016 and 2017, a drop of 0.1% from its previous forecast. The global lending agency also said that Brexit has resulted in global economic uncertainty.

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