Tuesday, 27 December 2016

Live Stock Market Updates - Sensex Rallies Over 200 Points

Posted by suhani varma on Tuesday, December 27, 2016 with No comments

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The key benchmark climbed on Tuesday tracking a rebound in Asian equities led by pharma shares amid thin volumes as financial markets close out a volatile year. The S&P BSE Sensex is trading at 25,889 up 88 points, while NSE Nifty is trading at 7,934 up 26 points. The BSE Mid-cap Index is trading up 0.53% at 11,567, whereas BSE Small-cap Index is trading up 0.46% at 11,602.

Tata MotorsDVR, Cipla, Bosch, Lupin, Ambuja Cement and Tata Motors are among the gainers, whereas Hindalco, UltraTech Cement, Bharti Airtel, GAIL and Coal India are losing sheen on NSE. A total of five stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.

Out of 1,883 stocks traded on the NSE, 536 declined, 975 advanced and 372 remained unchanged today. Some buying is observed in media, pharma, IT and financial services sectors while realty, banking and auto are showing weakness on NSE. The INDIA VIX is down 1.86% at 16.6925. Shares of Bharat Financial Inclusion today snapped a seven-session losing streak to rise 5.4% to Rs 506.25 on bargain buying.

Shares of Divi's Laboratories were up 1.7% at Rs 778.50 on some bargain buying, after a 33% fall in the stock over the previous three consecutive trading days. Shares of Pharmaceuticals stocks rebounded after 9 days of correction. The BSE Healthcare gained 1% or 154.65 points at 14,351 as against the previous close of 14,196.

Glenmark Pharmaceuticals rose 1%. The company has been granted final approval by the United States Food & Drug Administration (USFDA) for Tretinoin Capsules, 10 mg, the generic version of Vesanoid Capsules, 10 mg, of Hoffmann La Roche, Inc. (which is no longer being marketed in the United States).

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