Live & Latest Intraday trading Stock Recommendations tomorrow, Stocks in news, Intraday tips free today, Stock market investment tips today and tomorrow, intraday nifty and stocks tips and calls, Monday 12 Dec 2016, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intraday, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading tips, intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 12 Dec 2016 :-
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Downtrend on Monday morning continues with auto and banking stocks continuing to lose sheen. The India Vix went up by 5%.
One key trigger is the GST meeting unable to reach a consensus on the roll out. There is a possibility that government might fail to meet its April 1, 2017 deadline. In addition, weak Index of Industrial Production (IIP) data, which was released last Friday, stated the overall industrial output has reduced by 1.9% yoy in October.
Another factor is the US Federal Reserve's Monetary Policy which is due this week. The meeting is to be held on December 13-14. Industry is expecting that the US Fed will raise rates. The expectation is that the hike will be around 25 bps.
The S&P BSE Sensex is trading at 26607 down 140 points, while NSE Nifty is trading at 8,205 down 27 points. A total of 28 stocks registered a fresh 52-week high in trade today, while 12 stocks touched a new 52-week low on the NSE.
Out of 1890 stocks traded on the NSE, 866 declined, 653 advanced and 371 remained unchanged today. The BSE Mid-cap Index is trading down 0.61% at 12458.55, whereas BSE Small-cap Index is trading down 0.22% at 12292.53.
In the morning hours of trading Auto, Bank, Information Technology, FMCG are showing weakness on BSE. ONGC, Reliance, NTPC, Sun Pharma, PowerGrid, Coal India, Bosch are among the gainers, whereas Asian Paints, Grasim, Ambuja Cement, Bajaj Auto, BPCL are losing sheen on NSE. The INDIA VIX is up 5.65% at 15.9200.
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