Wednesday 13 July 2016

Live Stock Market Updates - Sensex, Nity Slip Into Negative Zone

Posted by suhani varma on Wednesday, July 13, 2016 with No comments

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The Indian stock markets opened flat to slightly higher on Wednesday. The markets gains for the third straight day. The BSE Sensex opened 104 points up at 27912.14, while NSE Nifty opened 19.40 points up at 8540.45.

Back home, prospects of encouraging Q1 earnings numbers, an above-normal monsoon so far and its progress, and hopes of the GST Bill passing the Rajya Sabha muster in the upcoming monsoon session accelerated buying activity.

The S&P BSE Sensex is trading at 27,776 down 32 points, while NSE Nifty is trading at 8,503 down 18 points. The BSE Mid-cap Index is trading down 0.58% at 12,045, whereas BSE Small-cap Index is trading down 0.80% at 11,984.

ONGC, Tata Steel, GAIL, RIL, Coal India and TCS are among the gainers, whereas Axis Bank, PowerGrid, Maruti Suzuki, L&T, HDFC and Tata Motors are losing sheen on BSE. Some buying activity is seen in metal, oil & gas, energy and IT sectors, while realty, power, industrial, banking, pharma, consumer durables, auto and consumer discretionary sectors are showing weakness on BSE.

The INDIA VIX is up 2.82% at 15.2000. Out of 1,827 stocks traded on the NSE, 1,138 declined, 402 advanced and 287 remained unchanged today. A total of 51 stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE.

Sun Pharma has announced that effective August 2016, Abhay Gandhi will take over as CEO, North America Business. Sun Pharmaceuticals Industries Ltd is currently trading at Rs. 790.9, up by Rs. 7.15 or 0.91% from its previous closing of Rs. 783.75 on the BSE.

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