Live Stock Market Updates
At 9:29 AM, the S&P BSE Sensex is trading at 25,851 up 44 points,
while NSE Nifty is trading at 7,914 up mere six points. The BSE Mid-cap
Index is trading down 0.02% at 11,503, whereas BSE Small-cap Index is
trading up 0.05% at 11,555.
Tata MotorsDVR, Cipla, Bosch, Lupin, Ambuja Cement and Tata Motors are
among the gainers, whereas Hindalco, UltraTech Cement, Bharti Airtel,
GAIL and Coal India are losing sheen on NSE.
A total of five stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.
Out of 1,856 stocks traded on the NSE, 581 declined, 816 advanced and 459 remained unchanged today.
Some buying is observed in media, pharma, IT and financial services
sectors while realty, banking and auto are showing weakness on NSE.
The INDIA VIX is up 0.54% at 16.6925.
Asian indices were trading flat to mildly positive as volumes drop in
the holiday season with year end blues taking over. The trade of long
developed markets & short emerging markets has played out well in
the last 2 months with both the Japanese 'Nikkei' & the US Dow Jones
now in sight of hitting 20,000.
has said that tax payers
should be trusted, unless proven otherwise and batted for a globally
compatible lower level of taxation. Jaitley said voluntary compliance by
citizens of payment of due taxes needs to be reciprocated by
authorities with a tax-friendly administration.
Meanwhile, is set to meet
with experts at NITI Aayog today to discuss ways to drive economic
growth in the aftermath of lowered growth forecasts by various agencies.
On the bright side, the rupee managed to end at a two-week high against the US dollar.
While volumes remain thin, some buying could keep the indices afloat
before the F&O choppiness sets in later this week. A report
suggests that a government clarification on indirect transfer of shares
could result in foreign investors paying up to 40% tax on their capital
market investments in India. Monday weakness was more to do with
statements from the PM that financial market participants may have to
pay more taxes.
The Indian rupee opened lower by 10 paise on Tuesday at 67.84 per dollar versus previous close of 67.74/$
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