Tuesday, 16 August 2016

Live Stock Market Updates - Sensex Slips Over 150 Points Nifty Below 8650

Posted by suhani varma on Tuesday, August 16, 2016 with No comments

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The Indian stock market opened lower on Tuesday. The key benchmark is trading lower after disappointing macroeconomic data and weak trend in Asian markets. India's retail inflation hit a two-year high of 6.07% in July and the country's merchandise exports contracted 6.84% from a year earlier in the month, after a marginal rise in June.

The stock market remained closed yesterday on account of Independence Day. The BSE Sensex opened 37.64 points up at 28,190.04, while NSE Nifty opened 1.90 points down at 8,670.25.

The S&P BSE Sensex is trading at 28,144 down mere eight points, while NSE Nifty is trading at 8,666 down mere six points. The BSE Mid-cap Index is trading up 0.44% at 12,808 whereas BSE Small-cap Index is trading up 0.03% at 12,216.

Adani Ports, Power Grid, SBI, Cipla, ITC, Lupin and ONGC are among the gainers, whereas Infosys, Tata Motors, Sun Phrama, Bharti Airtel, Axis Bank and HDFC are losing sheen on BSE. Some buying activity is seen in metal, pharma, bank and FMCG sectors, while realty, media, IT and auto showing weakness on NSE.

The INDIA VIX is up 4.01% at 14.3225. Out of 1,822 stocks traded on the NSE, 690 declined, 746 advanced and 386 remained unchanged today. A total of 40 stocks registered a fresh 52-week high in trades today, while 24 stocks touched a new 52-week low on the NSE.

The Independence Day celebrations saw Prime Minister Narendra Modi reiterate his point that things are getting better in India and called for moving from Swarajya to Surajya, which means good governance.

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