Thursday, 18 August 2016

Live Stock Market Updates - Nifty Trades Above 8650 Mark

Posted by suhani varma on Thursday, August 18, 2016 with No comments

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The BSE Sensex opened 73 points up at 28,078. while NSE Nifty opened 25 points up at 8,649. The Indian stock market opened higher after two days of losses as the Federal Reserve's July meeting minutes showed there is a lack of consensus among policy makers about when the Fed should raise rates. All the BSE sectoral indices were trading in the positive territory except metal sector is in red.

The S&P BSE Sensex is trading at 28,157 up 151 points, while NSE Nifty is trading at 8,680 up 56 points. The BSE Mid-cap Index is trading up 0.63% at 12,992 whereas BSE Small-cap Index is trading up 0.90% at 12,390.

Adani Ports, Power Grid, Bharti Airtel, ICICI Bank, ICICI Bank and NTPC are among the gainers, whereas Coal India, Asian Paints, GAIL, L&T, Wipro and HUL are losing sheen on BSE. Some buying activity is seen in banking, power, finance, basic materials, utilities, finance, basic materials and auto sectors, while metal is showing weakness on BSE.

The INDIA VIX is down 2.38% at 14.4275. Out of 1,851 stocks traded on the NSE, 416 declined, 1,116 advanced and 319 remained unchanged today. A total of 75 stocks registered a fresh 52-week high in trades today, while 17 stocks touched a new 52-week low on the NSE.

Hero MotoCorp gained 0.50% to Rs.3,377.10 on BSE. ChrysCapital is set to invest $90 million (Rs.600 crore) in Hero FinCorp, the vehicle-financing unit of Hero MotoCorp, as per media reports.

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