Live Stock Market Updates
At 9:26 AM, the S&P BSE Sensex is trading at 25,879 points, while
NSE Nifty is trading at 7,943 down 43 points. The BSE Mid-cap Index is
trading down 1.05% at 11,637, whereas BSE Small-cap Index is trading
down 0.79% at 11,704.
Infosys, Wipro, MMTC, Hindustan Copper, GSPL and Reliance Defence and
Engineering are among the gainers, whereas Cipla, Axis Bank, Adani
Ports, SBI, Asian Paints and Tata Motors are losing sheen on BSE.
A total of two stocks registered a fresh 52-week high in trade today, while 25 stocks touched a new 52-week low on the NSE.
Out of 1,871 stocks traded on the NSE, 1,065 declined, 359 advanced and 447 remained unchanged today.
All the BSE sectoral indices were trading in the negative territory.
Pharma, realty, metal, banking and auto are showing weakness on BSE.
The INDIA VIX is up 6.42% at 16.1000.
Asian indices were flat as with almost most large markets closed today
the volumes were expected to be low with most cues coming from local
sources. Chinese stocks lost while Taiwanese index made up the gains as
markets end 2016 almost unchanged.
The week gone by saw market cap erosion of around Rs.2.5 lakh crore for
the BSE. With foreign investors mostly on a holiday, activity would be
on thin volumes. Volatility could step up ahead of the F&O expiry on
Thursday.
Markets are factoring in that economic activity will take longer to
normalise following the demonetisation drive. ICRA has revised its
forecast for GVA growth in FY17 to 6.6 pc. The Finance Minister soothed
frayed nerves over the weekend as he clarified that the government had
no intention to impose tax on long-term capital gains from trading in
shares. Sections of the media, had misinterpreted Prime Minister
Narendra Modi’s speech, the FM said.
Meanwhile, the PM is expected to announce ‘radical reforms’ and said
the government will not shy away from taking difficult decisions that
are in national interest. An early budget is also expected to improve
productivity, Modi said.
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