Thursday 30 March 2017

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Heavyweight telecom stocks are losing ground on the BSE, with Bharti Airtel pulling the BSE Telecom index to its day’s lows. Bharti Airtel is down by 0.5%, Tata Communication is down by 0.4%, Idea is down by 0.4%, Bharti Infratel is down by 0.4%.

Meanwhile, some stocks in the index are trading in green such as, ITI is up by 3.5%, Stretch is up by 2.7%, HFCL is up by 1.6% and TTML is up by 1.5%. The S&P BSE Sensex is trading at 29,606 up 75 points, while NSE Nifty is trading at 9159 up 16 points. A total of 50 stocks registered a fresh 52-week high in trade today, while 20 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.4% at 13944, whereas BSE Small-cap Index is trading up 0.8% at 14233.Some buying activity is seen in Realty, FMCG, Utilities, Capital Goods, Energy and Oil & Gas, while Telecom indices are showing weakness on BSE.

Adani Ports, Hero MotoCorp, SBIN, Kotak bank and IndusInd Bank are among the gainers, whereas Bharti Infratel, Axis Bank, Amubja Cement, Wipro and HCL techare losing on the NSE.The INDIA VIX is down 1.8% at 11.8.  


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