Tuesday 13 December 2016

Live Stock Market Updates – Sensex, Nifty Volatile Ahead Of US Fed Meet

Posted by suhani varma on Tuesday, December 13, 2016 with No comments

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Sensex and Nifty are choppy in the morning trading hours. Indian market is cautious ahead of the US Federal Reserve's Monetary Policy meet to be held today. Also, the domestic Consumer Price Inflation data will be released today. Tata Motors stocks were trading higher by 3% the leading stock in Auto segment which witnessed good rebound as compared to yesterday. Consumer Durables and Oil & Gas sectors also witnessing some traction in first hour of trading. 

Asian markets opened flat after a weak start to the week saw most indices close in the red on Monday. The sharp rally in crude combined with US 10 year bond yields crossing 2.5% saw weakness again creep up in the emerging markets basket. The Dow Jones continues its unprecedented rally as money chases US stocks, ETF's & bonds.

Asian indices were mixed tracking weak cues from the US, and as investors chose to await the outcome of the US Federal Reserve's monetary policy statement as gains led by rise in oil prices petered out. Japanese shares had declined as investors took profits after a recent rally that had taken shares to their highest level in a year. Focus will also on China as the numerous data is going to be released including Chinese industrial output, retail sales and fixed asset formation numbers. This will determine the next moves to be made by the investors who will evaluate the stability of the country and its economy.

The S&P BSE Sensex is trading at 26568 up 52 points, while NSE Nifty is trading at 8,179 up 9 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 9 stocks touched a new 52-week low on the NSE. Out of 1873 stocks traded on the NSE, 652 declined, 809 advanced and 412 remained unchanged today.

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