Wednesday, 28 December 2016

Live Stock Market Updates - Nifty Hits 8,050 Mark IT, Metal Stocks Gain

Posted by suhani varma on Wednesday, December 28, 2016 with No comments

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The Indian stock markets climbed for a second day tracking a positive trade in Asian markets amid thin volumes led by automakers and information technology companies. Nifty50 hits 8,050 level.

The S&P BSE Sensex is trading at 26,280 up 67  points, while NSE Nifty is trading at 8,056 up 25 points. Today, the start of the penultimate session of the F&O series expiry is likely to be in green and more short covering can be seen ahead of the series expiry. The BSE Mid-cap Index is trading up 0.67% at 11,781, whereas BSE Small-cap Index is trading up 0.76% at 11,809.

Bharti Infratel, Hindalco, Zee, Wipro and Bosch are among the gainers, whereas Bharti Airtel, Power Grid, Tata Motors, L&T and BPCL are losing sheen on NSE. A total of two stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.

Out of 1,836 stocks traded on the NSE, 410 declined, 968 advanced and 458 remained unchanged today. Some buying is observed in industrial,pharma, financial services, banking, oil & gas, auto, FMCG, IT and teck sectors while realty is showing weakness on BSE. The INDIA VIX is down 0.69% at 14.9775.
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