Friday, 13 January 2017

Live Stock Market Updates - Sensex, Nifty Trade Flat Pharma, FMCG Stocks Gain

Posted by suhani varma on Friday, January 13, 2017 with No comments

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Share indices were sharply off the highs touched at open due to a fall in information technology giants Tata Consultancy Services and Infosys. Markets may take a breather after consolidating gains in the past three sessions taking cues from global markets which are trading in red with Asian markets trading mixed.

The BSE Sensex is trading lower by 9 points at 27,238, while the Nifty50 slipped by mere five points at 8,402 mark. The BSE Mid-cap Index was up by 0.06% at 12,650, whereas BSE Small-cap Index was up by 0.06% at 12,694. GAIL, ONGC, Aurobindo Pharma, Axis Bank and HDFC were among the gainers, whereas TCS, Infosys, Hindalco, Tata Motors and Idea Cellular were among those losing sheen on NSE.

A total of 31 stocks registered a fresh 52-week high in trade today, while five stocks touched a new 52-week low on the NSE. Out of 1,908 stocks traded on the NSE, 807 declined, 737 advanced and 364 remained unchanged today. Some buying was observed in pharma, FMCG and financial services sectors, while IT, realty, auto, metal and banking stocks are showed weakness on NSE.

The INDIA VIX was down 1.7% at 14.36. While shares of Infosys wiped the gains due to mixed Oct-Dec earnings, those of TCS were down 2% as changes at the top management and headwinds for the sector led to concern about growth.
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