Thursday 8 September 2016

Live Stock Market Updates - Nifty Hovers Around 8,900 Mark

Posted by suhani varma on Thursday, September 08, 2016 with No comments

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The S&P BSE Sensex is trading at 28,887 down 29 points, while NSE Nifty is trading at 8,906 down 11 points. The BSE Mid-cap Index is trading up 0.01% at 13,461 whereas BSE Small-cap Index is trading up 0.39% at 12,867.

ONGC, Tata Steel, GAIL, Bajaj Auto, Hero MotoCorp and HUL are among the gainers, whereas tcs, Infosys, Wipro, NTPC, Tata Motors are losing sheen on BSE. Some buying activity is seen in oil & gas, realty, metal, energy, basic materials, telecom and capital goods sectors, while IT and power sectors are showing weakness on BSE.

The INDIA VIX is down 1.73% at 12.9175. Out of 1,835 stocks traded on the NSE, 510 declined, 924 advanced and 401 remained unchanged today. A total of 35 stocks registered a fresh 52-week high in trades today, while eight stocks touched a new 52-week low on the NSE.

The rupee opened lower by 11 paise at 66.47/$ against US Dollar Thursday as against the previous close of 66.36/$. Asian shares opened mixed. Asian shares opened mixed. Shanghai Composite and Nikkei 225 are trading is in red, while Hang Seng up 0.40%.

Wall Street closed mixed on Wednesday as investors digested the release of the Federal Reserve’s Beige Book, a key indicator of the US economic health. The Dow Jones industrial average fell 0.06%, to close at 18,526.14 points. The S&P 500 fell 0.02%, to end at 2,186.15 points. The Nasdaq rose 0.15%, to close at 5,283.93 points.

On the global front, the Fed said on Wednesday afternoon in its Beige Book report of anecdotal information that the US economy expanded at a modest pace in July and August, but there was little sign that wage pressures are being felt beyond highly skilled jobs.

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