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The Indian stock market opened flat on Wednesday and slipped further amid weak global cues and ahead of the debate on the GST Bill in the Rajya Sabha later today. The S&P BSE Sensex is trading at 27,794 down 187 points, while NSE Nifty is trading at 8,577 down 45 points.
The BSE Mid-cap Index is trading down 0.70% at 12,542, whereas BSE Small-cap Index is trading down 0.53% at 12,154. Cipla, Coal India, Adani Ports, Asian Paints, Tata Steel and Tata Motors are among the gainers, whereas Power Grid, HDFC, ITC, HUL, Infosys and TCS are losing sheen on BSE.
Some buying activity is seen in metal sector, while FMCG, pharma, realty, finance, capital goods, oil & gas, auto and banking are showing weakness on BSE. The INDIA VIX is up 2.05% at 15.4925. Out of 1,826 stocks traded on the NSE, 1,036 declined, 417 advanced and 373 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. HCL Technologies climbed 3.7% to Rs.830. The company posted a net profit after tax, minority interest and share of profit of associates of Rs.20552 million for the quarter ended June 30, 2016. Total Income is Rs.115595.90 mn for the quarter ended June 30, 2016.
Godrej Consumer Products Ltd said that it has acquired two newly set up hair care firms in Zambia and Senegal to ramp up presence in African market. The stock is currently trading at Rs. 1590.65, down by Rs. 5.65 or 0.35% from its previous closing of Rs. 1596.3 on the BSE.
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