Wednesday, 13 December 2017

Sensex, Nifty Volatile; ITC, HDFC Stocks Down

Posted by suhani varma on Wednesday, December 13, 2017 with No comments



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Benchmark indices opened the session on a flat note due to weak macroeconomic data. Bharti Airtel, Dr. Reddy's Labs, HPCL, Lupin and Aurobindo Pharma were up between 0.60% and 1.3%.

Benchmark indices opened lower tracking Asian markets which were trading lower ahead of US Federal Reserve's policy outcome later today.

On the economy front, November CPI inflation rising to a 15-month high of 4.88% and industrial output growth slowing to a 3-month low of 2.2% in October.


the BSE Sensex was trading at 33,224, down merely 4 points, while the broader Nifty50 was ruling at 10,246, up by 6 points.

Punj Lloyd stock spurted over 11% after the company informed bourses that it has received an order from GAIL (India) for laying, construction of steel pipeline along with associated facilities worth Rs276cr. It has also received an order from NHAI for upgradation of Yargi-Kalewa Road section in Myanmar worth Rs1,177cr in a joint venture with Varaha Infra.

Shares of Bharti Airtel rose 1.8% as global private equity firm Warburg Pincus will pick 20% stake in Bharti Airtel's DTH arm.

On the economy front, India’s Industrial output growth during October slowed to 2.2%, when compared with the rate of 4.1% during the month prior. Growth for the first half of this fiscal year is reported at 2.5%, much lower than pace of 5.5% during same period last year.

The BSE MidCap Index and BSE SmallCap Index edging marginally higher.

On the sectoral front, Metal, Pharma, Media and Auto were the top gainers, while Pvt Banking, FMCG, PSU Bank, and Realty Index were the top losers on the NSE.

GAIL (+1.8%), HPCL (+1.6%), ONGC (+1.5%), Bharti Airtel (+1.4%) and IOC (+1.3%) were the top gainers on the Nifty50.

Vedanta (-1.4%), HCL Tech (-1.2%), Adani Ports (-0.78%), Power Grid (-0.76%) and ITC (-0.75%) were the top losers in today’s trade.

India VIX is marginally down by 0.09%.

Out of 1,962 stocks traded on the NSE, 944 advanced, 592 declined and 426 remained unchanged today.

A total of 30 stocks registered a fresh 52-week high in trade today, while eight stocks touched a new 52-week low on the NSE.

The Indian rupee opened lower by 13 paise at 64.53 per dollar vs 64.40 Tuesday. Meanwhile, the yield on 10-year government bond rose to 7.25%, highest in 16 months, after inflation rose to a 15-month high dashing on hopes of a rate cut from the RBI.

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