Tuesday, 24 October 2017

Live Stock Market Updates - Nifty Drops Below 10,200 Mark

Posted by suhani varma on Tuesday, October 24, 2017 with No comments




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Nifty and Sensex lose their early morning gains as selling activity is seen among many sectors. Zee Entertainment keeps the market afloat by gaining over 6%.

At 2:03 PM, the S&P BSE Sensex is trading at 32,559, up by 52 points, while NSE Nifty is trading at 10,193 up by 8 points.

The BSE Mid-cap Index is trading up by 0.10% at 16,163 whereas BSE Small-cap Index is trading up by 0.55% at 17,190.

Zee Entertainment, SBI bank, NTPC, ONGC, and GAILt are among the gainers, whereas Tata Motors, Indusland Bank, Tech Mahindra, HCL and Hindalco are losing steam on NSE.

Some buying seen in Basic Materials, Telecom, Utilities, Power and Reality while Energy, Healthcare, IT and Auto show weakness on the BSE.

The INDIA VIX is down by 5.39% at 11.66.

Out of 1,973 stocks traded on the NSE, 935 advanced, 720 declined, and 318 remained unchanged today.

A total of 87 stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.

Fertiliser stocks rise on direct subsidy pay roll out dates. Nagarjuna Fertilizer (+9%), Madras Fertilizer (+16%), Mangalore Chemicals (+5.5%).



PSU Banks Index soars 4% on the news FM may announce PSU Bank recapitalisation plan today. Syndicate Bank (+6%), Andhra Bank (+6%), PNB (+5%), IDBI Bank, Union Bank, Canara Bank (+4%), SBI (+3%).

Jaiprakash Associates rises 2% after reports suggest sale of assets to pay homebuyers.

Panacea Biotech surges 15% after getting USFDA approval for Prasugrel tablets.

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