Sensex surges 260 points, Nifty jumps to 8,186

The Sensex and Nifty jumped 1 per cent in the last trading session of 2016, recovering from recent losses and ending a volatile year with gains despite fears of outflows from emerging markets and cash crunch in the domestic economy post-demonetisation.

The broader NSE index gained 3 per cent in calendar 2016, while the benchmark BSE index advanced 2 per cent, recovering from losses in 2015.

On Friday, the NSE index rose 82.2 points or 1.01 per cent to 8,185.80, while the BSE index gained 260.31 points or 0.99 per cent to 26,626.46.

Both indexes advanced more than 2 per cent over the week, but posted modest losses for December.

Among BSE sectoral indices, FMCG index gained the most by 1.67 per cent, followed by power 1.3 per cent, healthcare 1.11 per cent and realty 1.1 per cent.

Top five Sensex gainers were GAIL (+3.07%), Sun Pharma (+2.59%), ITC (+2.31%), Power Grid (+2.14%) and Infosys (+1.67%), while the major losers were Bajaj Auto (-0.81%), Dr Reddy's (-0.46%), Tata Steel (-0.34%), HDFC Bank (-0.12%) and ONGC (-0.05%).

Volatile year

2016 was marked by volatility from global events, including Britain's vote in June to exit the European Union and the US election victory of Donald Trump in November. This year's gains would mark a recovery from a decline recorded in 2015.

At home, the approval for the Goods and Services Tax Bill earlier this year helped boost sentiment, but that was offset later by the government's move to scrap higher-denomination notes, raising concerns about economic growth.

But analysts sounded optimism for the new year, with the Reserve Bank of India expected to cut rates at its next policy review in early February and the government gearing up to issue the annual budget.

“Markets remain in comfortable zone, most of the lull was over in the last month,” said Deven Choksey, managing director of KR Choksey Securities.

“Market is expecting positive outlook from budget in subsequent months.”

Global markets

Oil prices made fresh gains on Friday and were heading for their biggest annual percentage rise since 2009, with world stocks also up nearly 6 per cent over the year despite concerns over China’s slowing growth and weakening currency.

Global markets have fared surprisingly well in a year marked by major political shocks, including June’s Brexit vote and the unexpected election of Donald Trump as US president in November. US stocks have hit successive record highs and emerging equities have rebounded 8 per cent after three years in the red.

Sensex jumps 200 points; Nifty above 8,150 mark

The BSE Mid-cap Index is trading up 1.33% at 12,062, whereas BSE Small-cap Index is trading up 1.10% at 12,085. Market sentiment was also boosted after Finance Minister Arun Jaitley said that government tax collection has gone up sharply, belying fears of sharp slowdown in the economy.


The Indian stock markets with the benchmarks advancing to their highest level in two-weeks. Nifty50 hits 8,150 mark on Friday. Market sentiment was also boosted after Finance Minister Arun Jaitley said that government tax collection has gone up sharply, belying fears of sharp slowdown in the economy.

At 10:11 AM, the S&P BSE Sensex is trading at 26,517 up 152 points, while NSE Nifty is trading at 8,164 up 61 points.

The BSE Mid-cap Index is trading up 1.33% at 12,062, whereas BSE Small-cap Index is trading up 1.10% at 12,085.

Tata Motors DVR, Cipla, Maruti Suzuki, HCL Tech and UltraTech Cements are among the gainers, whereas BPCL, Idea Cellular, NTPC, IndusInd Bank and Wipro are losing sheen on NSE.

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

Out of 1,828 stocks traded on the NSE, 357 declined, 1,026 advanced and 445 remained unchanged today.

Some buying is observed in industrial, financial services, IT, banking, metal, power, realty and auto sectors while telecom is showing weakness on BSE.

The INDIA VIX is down 1.63% at 15.0325.

Most  Asian indices opened flat with the Japanese 'Nikkei" trading in the red for another day aping the decline in US indices.
Year end profit booking and subsequent value buying is the order of the past few days and may continue for the next few days. Fall in bond yields, weakness in US$ are prompting buying in most emerging markets with Brazil and India seeing relative gains.  

The vagaries of the stock market have given sleepless nights on many occasions during the year. As the year 2016 rolls by, it's evident that we live in a world loaded with new risks emerging at regular intervals.

The deadline to exchange old high value currency notes comes to an end today and the attention is on what Prime Minister Narendra Modi will unleash in his much anticipated speech on the eve of New Year. Reports indicate that the inconveniences of the demonetisation may soon be history as the PM is set to announce a host of measures that will propel the economy back on the growth track. The FM sought to assuage any fears by throwing up facts stating that November saw a rise in tax collection; an increase in rabi sowing, higher air traffic and increased insurance premiums. 

The government is proposing a staggered relaxation of existing restrictions on cash withdrawals from banks after 30 December. This is aimed at smoothening the transition as the Reserve Bank of India (RBI) supplies new currency notes.

The banking sector continues to face “significant” levels of stress but the financial system remains stable overall after moves to enhance transparency, Reserve Bank of India (RBI) governor Urjit Patel said in the biannual Financial Stability Report.

Sensex closes up 406 points

BSE Sensex closed higher by 406.34 points, or 1.57%, to 26,213.44, while the Nifty 50 of the NSE rose 124.60 points, or 1.58%, to 8,032.85

BSE Sensex recovered on Tuesday largely on the back of value buying in blue-chip stocks such as Cipla, Reliance Industries and TCS. The 30-share index rebounded with all sectoral indices led by consumer durables, health care, IT, FMCG, auto and capital goods stocks trading in the positive zone.

The barometer had lost 233.60 points in the previous session. Brokers said value-based buying at some blue-chip counters, which are heavily over-sold and covering-up of pending short positions by speculators ahead of the December futures and options expiry on Thursday supported the recovery. IT majors TCS and Infosys and oil giant RIL advanced, helping the Sensex trade in the green.

3.30pm: The 30-share S&P BSE Sensex closed higher by 406.34 points, or 1.57%, to 26,213.44, while the Nifty 50 of the National Stock Exchange (NSE) rose 124.60 points, or 1.58%, to 8,032.85.

3.15pm: The 30-share S&P BSE Sensex is currently trading higher by 426 points, or 1.65%, to 26,234, while the Nifty 50 of the National Stock Exchange (NSE) rises 130 points, or 1.65%, to 8,039

2.31pm: Godfrey Phillips Ltd shares rise 20% to trade at Rs999 against the previous session’s closing of Rs832.50.

2.26pm: The 30-share S&P BSE Sensex is currently trading higher by 227 points, or 0.88%, to 26,035, while the Nifty 50 of the NSE rises 67 points, or 0.84%, to 7,975.

The BSE Mid-cap Index is trading up 0.53% at 11,567, whereas BSE Small-cap Index is trading up 0.46% at 11,602. The INDIA VIX is down 1.86% at 16.6925.

The key benchmark climbed on Tuesday tracking a rebound in Asian equities led by pharma shares amid thin volumes as financial markets close out a volatile year.

At 10:36 AM, the S&P BSE Sensex is trading at 25,889 up 88 points, while NSE Nifty is trading at 7,934 up 26 points. The BSE Mid-cap Index is trading up 0.53% at 11,567, whereas BSE Small-cap Index is trading up 0.46% at 11,602.

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 1,883 stocks traded on the NSE, 536 declined, 975 advanced and 372 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 down 1.86% 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.  

Finance Minister Arun Jaitley 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, Prime Minister Narendra Modi 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/$.

Sensex Snaps 7-Day Losing Streak, Nifty Loses Grip On 8,000

The BSE Mid-cap Index is trading down 0.36% at 11,766, whereas BSE Small-cap Index is trading up 0.03% at 11,806. A total of four stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE.The Indian equity market opened lower on Friday weighed by weak global cues ahead of Christmas holiday.

At 2:46 PM, the S&P BSE Sensex is trading at 26,046 up 66 points, while NSE Nifty is trading at 7,978 up mere eight points. The BSE Mid-cap Index is trading down 0.36% at 11,766, whereas BSE Small-cap Index is trading up 0.03% at 11,806.

Sun Pharma, Bajaj Auto, L&T, Grasim and HUL are among the gainers, whereas Eicher Motors, Tata Power, HCL Tech and Tech Mahindra are losing sheen on NSE.

A total of four stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE.

Out of 1,887 stocks traded on the NSE, 631 declined, 886 advanced and 370 remained unchanged today.

Some buying is observed in Pharma, Banking and Financial sectors, while FMCG, Telecom, Information Technology, Capital Goods and Metal are showing weakness on NSE.

The INDIA VIX is down 0.69% at 15.4450.

Sun Pharmaceutical Industries rallied 2.6% after the company has informed BSE that one of the wholly owned subsidiaries of the company has acquired 13,000,000 Series B Preferred Stock of scPharmaceuticals Inc. (equivalent to 14.58% fully diluted equity stake on conversion) by way of allotment.

Wipro dipped 1%. The company announced that it has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to formally  resolve the previously disclosed six-year-old investigation.

Reliance Defence and Engineering Ltd rose 3.6% to Rs 55 after huge block deal. Around 12.3 million shares or 1.7% stake of the company changed hands in a single block deal. Welspun Enterprises plunged 4%. Welspun Enterprises a part of $2.3 billion Welspun Group, on Thursday announced plans to buy back up to 25% of its share capital at a price of Rs 62 per equity share.

Deepak Nitrite tanked 3.7% to Rs 85.80 after huge block deal. Around 3 million shares of the company changed hands in two block deal

JK Paper rose 2%.  JK Paper Ltd has now informed BSE that the Company has decided at its meeting of Committee of Directors held on December 22, 2016, to sell 20 per cent shareholding of OJPPL to OHC, one of the joint venture parties.

Suzlon Energy rose 0.29% after the company announced a joint venture with AMP Solar for the development and construction of a 15 MW solar PV project located at Achampet, Mahaboobnagar District, Telangana.

Tata Motors dropped 1.6%. The sentiments that prevailed at the Tata Motors extraordinary general meeting mirrored the EGMs at the storied group's other companies, with a majority of shareholders speaking in favour of Tata Sons' interim chairman Ratan Tata.

Hinduja Ventures gained 3% after the Board of Directors at its meeting held December 22, 2016, has approved the disinvestment of 4,36,47,056 equity shares of Rs. 10 each held by the Company in Hinduja Energy (India) Limited.

Yes Bank is trading marginally down at Rs 1,126. The bank has announced that it has received ratings for an additional amount of Rs 1500 crore of Basel III Compliant AT1 (Additional Tier-1) Bonds. This takes the quantum of rated Basel - III Compliant AT1 bonds to Rs 3600 crore.

Goodluck India rallied 7.6%. The company announced that a meeting of the Board of Directors of the Company is scheduled to be held on 27 December 2016, inter alia, to issue and allot warrants convertible into equal number of equity shares to promoters on preferential basis
JBM Auto inched up 1%.  JBM Auto Ltd informed BSE that a meeting of Board of Directors is scheduled to be held on December 29, 2016, to re-consider the proposal for various fund raising options including through Qualified Institutions Placement subject to taking of shareholders' approval.

Igarashi Motors India slipped 1.7% after the company informed BSE that the meeting of the Board of Directors of the Company is scheduled on December 26, 2016, to discuss and consider business re-organization, including amalgamation of group Company(ies), to achieve synergies in business operation.

Centrum Capital zoomed 6% to Rs 31.25 on the BSE. The promoters of Centrum Capital have increased their stake in the merchant banking firm through open market purchases, taking their total stake to 37.25 per cent in a Rs 51 crore deal. 

The Indian rupee opened higher by six paise at 67.93 per dollar versus previous close of 67.98.

Crude is hovering around recent highs.The 20,000 mark remains elusive for the Dow. Italy is back on the radar after Monte dei Paschi di Siena failed to raise the 5 billion euros it badly needed to stay afloat; capital injection from the state is being sought.

Euro zone inflation could exceed 1 pc; the highest level since 2013, according to The European Central Bank.

Asian indices opened in the red with week end blues seeing caution ahead of the holiday shortened next week. Japanese markets will be shut for the Emperor’s birthday, while the Australian Securities Exchange (ASX) and the New Zealand Exchange will close earlier than usual on the last business day before Christmas.

Sensex down 47 points on weak Asian cues

The Nifty and the Sensex opened and traded flat to negative as trading went mute after participation from market-men declined ahead of Christmas and New year.

The Nifty opened six points down at 7,973, while the Sensex opened 20 points down at 25,960.

At 9.40 a.m., the 30-share BSE index Sensex was down 47.24 points or 0.18 per cent at 25,932.36 and the 50-share NSE index Nifty was down 12.65 points or 0.16 per cent at 7,966.45.

A report by SMC Global said: "Asian stocks stepped back in subdued trade today as Wall Street took a breather from its relentless rise since the US election, while the dollar hovered below its 14-year high set earlier this week. Overnight, US equities posted their first back-to-back daily declines of the month in light trading as investors took time out ahead of the Christmas weekend. Economic activity in the US increased by more than previously estimated in the third quarter, the Commerce Department revealed in a report. The Commerce Department said gross domestic product climbed by 3.5 per cent in the third quarter, reflecting an upward revision from the previously reported 3.2 per cent increase. Economists had been expecting the report to show a more modest upward revision to the pace of GDP growth to 3.3 per cent."

All the broader and sectoral indices barring pharma were trading in the red. Volatility was up 1.2 per cent with the India Vix quoting at 15.7400.

Sensex nosedives 262 points

The Sensex and Nifty fell for a seventh consecutive session on Thursday, their longest losing streak in one-and-a-half years, in the absence of any major triggers and a likely hit to quarterly earnings from demonetisation.

Heavy FII outflows ahead of key US and ECB economic data later today, coupled with muted sentiment ahead of holidays, dampened the trading sentiment.

The benchmark BSE index Sensex nosedived 262.78 points to a nearly one-month low of 25,979.60 and the NSE index Nifty fell 82.20 points to 7,979.10.

Among BSE sectoral indices, metal index fell the most by 2.78 per cent, followed by infrastructure 2.06 per cent, consumer durables 1.9 per cent and power 1.67 per cent.

Top five Sensex losers were Adani Ports (-3.56%), Tata Steel (-3.09%), ONGC (-3.03%), Bharti Airtel (-2.98%) and SBI (-2.12%), while the only four gainers were ITC (+0.51%), Asian Paints (+0.38%), Wipro (+0.26%), and Tata Motors (+0.19%).

FII selling

Indian shares, like their regional counterparts, have taken a hit due to the Federal Reserve's hawkish US interest rate forecast last week that led to foreign selling in emerging markets.

In India, foreign institutional investors have sold a net $250.28 million in shares this month as of December 20.

Analysts said investors were booking profits due to a lack of a clear domestic triggers and persisting worries about the impact from a ban on higher value banknotes on the economy and corporate profits.

“There is no clarity in the expectations of earnings routes for investors,” said Saurabh Jain, assistant vice-president of research at SMC Global Securities.

According to the Japanese financial services major Nomura, damage to India’s economic growth is likely to be bigger than RBI’s estimates, as there could be a sharper slowdown in the near term and cash shortage is likely to extend to the first quarter of the next year.

Meanwhile, investments in domestic capital markets through participatory notes (P-Notes) plunged to its lowest level in nearly three years to Rs. 1.79 lakh crore in end-November.

“Due to demonetisation, earnings for the December quarter is expected to be tepid, and there are also expectations that the impact could be carried into the next fiscal year.”

Sensex drops over 250 points; Nifty

The BSE Mid-cap Index is trading down 1.41% at 11,816, whereas BSE Small-cap Index is trading down 1.27% at 11,800. The INDIA VIX is up 4.86% at 15.4200.

The Nifty slipped below the 8,000 mark for the first time since November 25.

The Indian stock market continued to trade lower after Asian markets suffered modest losses taking cues from a lackluster day on Wall Street as investors locked in gains in thin trade ahead of the upcoming holidays. Investors will keep an eye on the two-day GST Council meet which begins later in the day. The GST Council will discuss drafts of the model GST, integrated GST and states' compensation Bills.

At 12:50 PM, the S&P BSE Sensex is trading at 25,980 down 262 points, while NSE Nifty is trading at 7,997 down 64 points.
A total of five stocks registered a fresh 52-week high in trade today, while 23 stocks touched a new 52-week low on the NSE.

Out of 1,885 stocks traded on the NSE, 1,272 declined, 254 advanced and 359 remained unchanged today.

The BSE Mid-cap Index is trading down 1.41% at 11,816, whereas BSE Small-cap Index is trading down 1.27% at 11,800.

All the BSE sectoral indices were trading in the negative territory.

Sun Pharma, Tata Motors, Wipro and Cipla are among the gainers, whereas ONGC, Axis Bank, GAIL, HDFC and Dr Reddy's are losing sheen on BSE.

The INDIA VIX is up 4.86% at 15.4200.

Vedanta Ltd is currently trading at Rs 217.5, down by Rs 8.55 or 3.78% from its previous closing of Rs 226.05 on the BSE. The scrip opened at Rs 225.5 and has touched a high and low of Rs 225.5 and Rs 216.4 respectively. So far 5426444 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 67016.91 crore.

Wockhardt Ltd is currently trading at Rs 660.15, down by Rs 11.25 or 1.68% from its previous closing of Rs 671.4 on the BSE.

Sun Pharmaceutical Industries is trading in green on the BSE.  Sun Pharmaceutical and includes its subsidiaries or associate companies announced its plans to acquire a branded oncology product, Odomzo, from Novartis.

Empee Distilleries soared 3.5% to Rs 55.20 on the BSE. The company's board meeting is scheduled to be held on December 26, to consider and approve sale of 1,95,12,997 equity shares of Rs 10 each held by the company in Empee Hotels (unlisted entity).

SPARC jumped 3.4% after the pharma company has received a Complete Response Letter (CRL) from the USFDA for the New Drug Application (NDA) for Xelpros, Latanoprost BAK-free eyedrops.

South Indian Bank slipped 0.48%. The bank said its board has approved issuing one equity share for every three equity shares held by shareholders on rights basis.

Godrej Properties slipped 1%. RKN Enterprises has acquired 39,86,400 shares, or 1.84% stake in Godrej Properties from Rishad K Naoroji.

KDDL rallied 5.3% after the company has allotted 2,64,150 zero coupon convertible warrants at premium of Rs 255 per share to Swades Capital LLC, a promoter group entity.

Nitesh Estates advanced 1%. Nitesh Estates has informed bourses that the company has redeemed 700 non convertible debentures (Unlisted NCD) out of 1,250 non convertible debentures held by IDFC Limited for the aggregate value of Rs 70 crore.

IFCI Ltd tanked 2.6%. The company said it has raised benchmark lending rate by 0.1% point (10 basis points) to 8.6%.

Alankit soared 3%. Alankit has informed stock exchanges that the company has been appointed as E-KYC User Agency (KUA) for the usage of Aadhaar Authentication Services provided by UIDAI to provide Aadhaar Enabled Services to company beneficiaries, clients and customers.

The Indian rupee opened higher by eight paise at 67.82 per dollar versus previous close of 68.90.Greenback has lost some ground against Yen, while Sterling has been shaky this week, with values sinking to one-month low of $1.2313 at one point of time yesterday. Recent trajectory in Pound is clearly influenced by Scottish push for independence from UK in order to maintain access to EU’s single market. Meanwhile, Euro has managed some recovery, deriving cues from reports that Italian parliament approved US$21bn bailout plan to recapitalize country's beleaguered banks.

It could take another three months to get over the negative shock of demonetisation but this could get compensated by a positive impact in FY18, says a senior adviser to PM Modi.

The finance ministry is bracing up for a heated discussion today as the Parliamentary Standing Committee on Finance will face a volley of questions regarding the ill-preparedness of the demonetization drive. RBI Governor will be called at a later date by the committee.

Meanwhile, RBI’s Monetary Policy Committee minutes suggest Q3 assessment is likely to be clouded by withdrawal of bank notes; GVA growth has been revised from 7.6% to 7.1%.

The demonetisation impact on growth will be ‘transient and uncertain’. The rupee saw some relief with the dollar cooling against other emerging currencies. 

Gold manage to shine a little after days of dullness. A dull day is in store for the market. The Dow failed yet again to cross the psychological 20,000 mark and ended in the red.
Asian indices opened flat to marginally weak as US indices also had a rather quiet session with the Dow Jones ending marginally in the red. Pullback in oil prices & yields edging lower were the theme for the day as US$ also saw profit booking. Emerging markets continue to be the favorite punching bag on both currency & equity front as investors exit seeking better opportunities in US equity & bonds.

Indian equity market indices open

Mumbai, Dec 22 (IANS) Taking cues from global markets, the key Indian equity market indices opened flat on Thursday....

The Sensitive Index (Sensex) of the BSE, which had closed at 26,242.38 points on Wednesday, opened lower at 26,224.07 points....

Minutes into trading, it was quoting at 26,225.84 points, down by 16.54 points, or 0.06 per cent....

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 8,061.30 point,was trading at 8,043.85 points, down 17.45 points or 0.22 per cent....

On Wednesday, huge outflow of foreign funds, coupled with negative global indices and profit booking...
pulled the Indian equity markets lower for the sixth consecutive session....

The Sensex was down 65.60 points or 0.25 per cent at Wednesday’s closing. The index touched a high of 26,396 points and a low of 26,213.51 points during the intra-day trade....

The Nifty, also dipped by 21.10 points or 0.26 per cent....

On Thursday, Asian indices were trading in a muted note taking a cue from a subdued trade on Wall Street as investors booked profit ahead of the upcoming holidays....

Japan’s Nikkei 225 was trading in red, down 0.16 per cent, Hang Seng down by 0.82 per cent while South Korea’s Kospi was also down by 0.02 per cent. China’s Shanghai Composite index was quoting in red, down by 0.25 per cent....

Nasdaq on Wednesday closed in red, down by 0.23 per cent and FTSE 100 also fell by 0.04 per cent at at the closing....

Sensex ends lower for 6th straight session

MUMBAI, DEC 21:  
The Sensex and Nifty erased early gains to close lower on Wednesday, posting their sixth straight session of declines, dragged down by FMCG, IT and TECk stocks.

The 30-share BSE index ended down 65.6 points or 0.25 per cent at 26,242.38, while the broader NSE index closed 21.1 points or 0.26 per cent lower at 8,061.30.

Among BSE sectoral indices, FMCG index fell the most by 0.95 per cent, followed by IT 0.75 per cent, TECk 0.74 per cent and capital goods 0.4 per cent. On the other hand, realty index was up 1.52 per cent, consumer durables 0.68 per cent, power 0.55 per cent and PSU 0.53 per cent.

Top five Sensex gainers were Maruti (+1.31%), M&M (+1.22%), Lupin (+1.17%), NTPC (+1.05%) and ONGC (+0.78%), while the major losers were Sun Pharma (-2.25%), ITC (-1.44%), TCS (-1.07%), Hero MotoCorp (-1.00%) and Wipro (-0.91%).

Record high

The NASDAQ Composite rose to an all-time high while the Dow Jones industrial average flirted with the 20,000 mark, in a rally fuelled by optimism about US President-elect Donald Trump's policies.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.31 per cent on Wednesday.

Investors now keep an eye out for the minutes of the Reserve Bank of India's monetary policy committee (MPC) meeting earlier this month, expected later in the day, for clues about the economy and the central bank's stance after demonetisation.

The central bank had unexpectedly kept its key policy rate unchanged on December 7, despite calls for action in the face of an intense cash shortage that threatens to slam the brakes on the world's fastest-growing large economy.

“The feel-good factor has been missing from the market post-demonetisation,” said Neeraj Dewan, director at Quantum Securities.

“We will have to wait and watch if the government announces anything substantial early next year to lift investor sentiment. We can then expect a pre-budget rally.”

Analysts are of the view that markets will trade in a narrow range until the effects of demonetisation pan out with better clarity.

Sensex, Nifty Drop Near 1-Month Low

Closing Bell

Indian shares declined for a sixth straight session, with key benchmarks falling close to their one-month lows, amid waning turnover as capital goods and technology companies led losses.

The S&P BSE Sensex declined 0.2 percent to 26,242 while the NSE Nifty dropped 0.2 percent as well as to 8,061. The market breadth was skewed in favour of the bears once again with 886 stocks declining, 707 advancing and 293 remaining unchanged.

The country’s largest drug maker Sun Pharma declined for a fourth straight session and was the worst performer on the Sensex.

ndian shares are set for a second straight monthly loss on concerns that the government’s decision to recall high denomination currency bills will dampen demand and slow economic growth. Global funds have pulled over $160 million from local shares in December, adding to the $2.6 billion they withdrew last month

Sensex and Nifty volatile, Bank and Metal stocks up

the S&P BSE Sensex is trading at 26350 up 42 points, while NSE Nifty is trading at 8,097 up 15 points.

Nifty and Sensex both volatile, however, for a brief moment Nifty had reclaimed the 8100 mark. Nifty sectoral indices are trading on a mixed note. Nifty Metal, Financial Services, PSU Bank, and Realty are trading in green while Nifty FMCG and Media were in red and down 0.5%.
Asian indices opened in the green with the Japanese index "Nikkei" gaining for 11 of the last 12 sessions. Overnight Dow Jones closed setting new record highs and closed within 25 points of 20000. Banks led the gains which could spill over to Asian indices also. Strength in the US$, steady flow of ETF money and rise in US bond yields have been the theme after the Trump victory last month.

The benchmark indices of the US including Dow Jones and Nasdaq ended at record highs. Dow Jones missed the 20000 mark by a marginal 25 points. The sentiment was high and positive on the hope of increase in spending towards infrastructure and indicated drop in taxes by President-elect Donald Trump. S&P 500 closed at 2270 up 0.36%, Dow Jones Industrial Average ended at 19974 up 0.46% and Nasdaq Composite ended at 5483 up 0.49%. 

The major Asian Indices started off on a positive note, which due to positive outlook of the US indices. Trade volumes were low ahead of the year-end and Christmas holidays, but gains in crude oil and the overall resilience to geopolitical tensions helped shares gain. Hong Kong's Hang Seng opened at 21,770, Japan's Nikkei 225 opened at 19,547, China's Shanghai Composite started at 3,107 and Singapore's Straits Times opened at 2,912. In the morning, Hang Seng had gained over 100 points. At time of filing this report, the mentioned indices were all trading in green.

Foreign institutional investors (FIIs) net sold stock futures worth Rs 9.42 billion and bought index futures worth Rs 1.88 billion on the NSE. They also net sold index options worth Rs 2.75 billion. FIIs net sold Indian shares worth Rs 6.86 billion on the BSE, NSE, and the Metropolitan Stock Exchange combined. Domestic institutional investors (DIIs) net bought shares worth Rs 4.19 billion.
the S&P BSE Sensex is trading at 26350 up 42 points, while NSE Nifty is trading at 8,097 up 15 points. A total of 7 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.

Out of 1878 stocks traded on the NSE, 539 declined, 912 advanced and 427 remained unchanged today.

The BSE Mid-cap Index is trading up 0.20% at 12027, whereas BSE Small-cap Index is trading down 0.33% at 11986.

Some buying activities is observed in Bank, Metal, Auto, Capital Goods sectors, while Oil & Gas, Consumer Durables, FMCG, Energy are showing weakness on BSE.

Hindalco, Eicher Motors, HDFC, Ultratech Cement, ACC, Bosch, SBI, Tata Steel, Asian Paints, Idea are among the gainers, whereas BPCL, GAIL, ZEE, ITC, TCS, Tata Motors, Dr Reddy, Hero Motocorp, Infratel, Sun Pharma are losing sheen on NSE.

The INDIA VIX is down 2.49% at 14.17.

Buzzing Stocks:

IRB Infra unit gets arbitral amount of Rs 20.55 crore from NHAI.Sun Pharma completes 85.1%  acquisition of Russia's JSC Biosintez.

Bajaj Hindusthan Sugar Ltd plans to sell its co-generation power business to its group company Lalitpur Power Generation Company Ltd (LPGCL) for about Rs18 billion.

Jyoti Structures wins $15 mn order from South Africa's ESKOM.

Welspun Enterprises Ltd said its board of directors will meet later this week to consider buyback of equity shares.

Seamec in pact for charter hire agreement with National Petroleum Construction Co.

Sun Pharma said one of its subsidiaries has voluntarily requested the US health regulator to withdraw approval for 28 abbreviated new drug applications belonging to Ranbaxy Laboratories.

Oriental Carbon: Commercial prodn of 1st phase at Mundra SEZ ahead of schedule.

Future Enterprises (FEL) will be selling 16% stake in Future Lifestyle for Rs 3.80 billion, a notice to the stock exchanges. FEL owns the physical assets or the store formats and infrastructure assets in the stores of Future Retail and Bharti retail.

NIIT Tech in settlement agreement with Govt firm for contract that was previously on hold.

8K Miles Software Services has announced the acquisition of Cornerstone Advisors Group LLC for $

10.25 million. The acquisition, through its US-subsidiary, is subject to customary closing conditions and is expected to conclude in the quarter ending March 31, 2017.

Tridevi Capital Partners to invest USD20mn in Prabha Energy Private Limited, a subsidiary of Deep Industries Limited. The subsidiary valuation is estimated to be $ 50 million.Jubilant Life Sciences, a global leader in the pyridine, picolines and nutrition industry, announced a price increase of up to 15% on select products.

Cognizant Technology Solutions has acquired the technology and business process services unit of Frontica Business Solutions AS, helping it gain access to capabilities in the oil and gas sector.

The US Food and Drug Administration (USFDA) has issued Form 483 observations against Unit I of Aurobindo Pharma Limited in Hyderabad.

Oil and Natural Gas Corporation has tied up with Hughes Communications India to revamp and upgrade its existing satellite network across India.

Vedanta Resources has been ordered by London High Court to pay over $ 100million to a Zambian investment company related to a 2013 copper price agreement.

Sensex loses, Nifty breaches 8100 mark

TCS was the biggest gainer of the day and was up by 2.23%, while Mahindra & Mahindra Financial, Bharat Financial Inclusion, Bajaj Finance were down by 2-6%.

Nifty PSU Bank index extended its losses and fell by 3% to a one month low even as Finance Minister Arun Jaitley said the RBI is releasing adequate amount of currency everyday. TCS was the biggest gainer of the day and was up by 2.23%, while Mahindra & Mahindra Financial, Bharat Financial Inclusion, Bajaj Finance were down in the range of 2-6%.

The BSE Sensex ended with a loss of 66.72 points at 26,307.98, while the NSE Nifty closed at 8,082.40, down 21.95.

TCS, Ambuja Cement, ACC, ZEEL, ITC, NTPC, Infy and Wipro were among the biggest gainers, while Idea, Aurobindo Pharma, Bosch, Yes Bank and Bank of Baroda were among the biggest losers.

The India VIX (Volatility) index was down 2.02% at 14.53. The BSE Midcap closed at 12004.16 , down 1.40% and Smallcap indices closed at 11947.14, a dip of 0.92%. Out of 1447 stocks traded on the NSE, 1040 declined and 356  advanced today.

A total of 14 stocks registered a fresh 52-week high in trade today, whereas 20 stocks touched a new 52-week low on the NSE.

Non-banking finance companies witnessed a fall. Experts said they have taken a hit due to uncertainty over earnings after demonetisation and as Maharashtra government said it will set up a probe on violations by microfinance companies in the state.

Public banks have been under pressure for the past few sessions as some of the measures announced by the RBI to incentivise digital payments are seen increasing their cost of operations.

The stocks of Mahindra & Mahindra Financial, Bharat Financial Inclusion, Bajaj Finance, Can Fin homes, Dewan Housing Finance were down 2-6%.

Most Asian indices ended down as shares in the emerging markets declined after the Bank of Japan kept its key policy rates unchanged. However, rates in Japan rose after the country's central bank upgraded its outlook for the Japanese economy.

Straits Times traded at 2,911.31 and Hang Seng was at 21,729.06, both in red, whereas Nikkei 225 traded in green at 19,494.53 at the time of the filing of this report.

Gold was at Rs 27120 and silver was at Rs 39085.

Reliance Communications fell 2.4% as Fitch cut its debt rating to B+. Oil and Natural Gas Corp hit a low as oil ministry seeks to halve crude oil cess to 10% in the budget.

The Indian rupee was down as foreign banks buy dollars, likely for FPI's outflow from domestic markets. Dollar demand from oil importers and a rise in dollar globally were the factors that contributed to the downfall.

The price of India's crude oil basket rose 94 cents on Monday to $53.29 a barrel, data released by the petroleum ministry stated

Indices marginally higher

the S&P BSE Sensex is trading at 26394.62 up 19.92 points, while NSE Nifty is trading at 8107.65, marginally up 3.30 points.

Tata Group are in focus after Cyrus Mistry announced his resignation from the boards of Tata Motors, Indian Hotels and four other companies. Tata Power is among the top gainers in the trade so far. Tata Motors, Tata Motors DVR, TCS stocks up. 

A total of 10 stocks are at a 52-week high in trade today, while 11 stocks, including Laurus Lab, Tree House and TV Today, have so far touched a new 52-week low, while Tata Power, Coal India, Gail Infratel and NTPC are among the top gainers on the NSE.

Out of 1876 stocks traded on the NSE, 635 declined, 824  advanced and 417 remained unchanged today.

The BSE Mid-cap Index is trading down by 0.13% at 12158.30 , whereas BSE Small-cap Index is trading up 0.18% at 12079.88.

Asian indices opened flat as nearness to year end saw volumes dry up as markets await 2017. Strength in US$, rise in bond yields and weakness in emerging markets were the theme of the last 2 months of 2016. Gold prices continued to struggle as coupled with slowdown in India the strength in the US$ is another negative going forward into 2017.

For the first time in nearly 150 years, India surpassed Britain as far as the size of the economy is concerned. India is now the fifth largest economy with US $2.30 trillion and the ones ahead are USA, China, Japan and Germany. The fall in the pound coupled with Brexit issues enabled India to overtake the UK GDP much earlier.

The INDIA VIX is down 3.31% at 14.34.

Buzzing Stocks:
Govt may announce winner of Rs 60,000 cr defence order today. Titagarh Wagon very interesting contender along with Tata Power.
Cos to focus: L&T, M&M, Pipavav, TaMo + Bharat Forge, Tata Power + Titagarh wagon.
Lupin announced the launch of a generic version of its voriconazole tablets and oral suspension used for the treatment of fungal infections in children.

Cipla has received final approval from the US health regulator for lipid regulating Fenofibrate tablets.

Steel Authority of India Ltd (SAIL) is in talks with Japan's Nippon Steel and Sumitomo MetalCorp and Kobe Steel Ltd for potential technical agreements to help the firm expand its global footprint.

The board of directors of Pennar Industries Ltd is evaluating the merger of its subsidiary Pennar Enviro Ltd into Pennar Industries.

Stung by fluctuation in price of coking coal, Steel Authority of India Limited (SAIL) is desperately seeking an alternative solution to reduce its dependence on imports.

The government over the next few days will examine the status of 72 coal blocks allocated either through allotment or auction route to companies like NTPC, JSW Steel, Hindalco and SAIL.

Jindal Steel and Power Ltd (JSPL) has lined up Rs 80 bn additional investment for its Odisha operations. The money will be spent on the addition of a blast furnace to take its Angul steel plant capacity to 6mt, setting up of a cement plant, laying of the slurry pipeline to carry iron ore from mines to the steel plant and setting up of a pellet plant.

Divi's Laboratories Limited has chalked out alternate plans to keep the capacity expansion going after the Rs 5 bn greenfield project near
Kakinada ran into rough weather, first by the local protests and later by an interim order issued by Hyderabad high court pertaining to the project land.

 Glenmark is developing specialty respiratory and dermatology products as a part of its long-term growth strategy.

Stocks ended lower for the fourth session in a row on Monday and suffered a bout of heavy selling in the last half hour of trade. Flat-to-weak close in Asia and absence of major movements in European equities also impacted sentiment on Dalal Street.

Energy stocks such as Petronet LNG, Reliance Industries and BPCL saved the market some blushes in an otherwise dull trade. Volumes were missing as the year-end holiday season during Christmas week took root. Investors preferred to remain on sidelines.

Here are the major events of the trading day:

* The Nifty fell 35 points, or 0.4%, to close at 8,104 points. The index dropped for the 4th day, and briefly went below the 8,100 mark as well owing to heavy selling in the last hour of trade.

* Bharti Infratel, Asian Paints, Sun Pharma, UltraTech Cement and HDFC dropped between 2-3% and were among 31 shares that fell on the index.

* GAIL, Aurobindo Pharma, Tata Power, Grasim and HCL Tech rose between 0.7-2.3% and were among 19 shares that advanced on the Nifty.

* The Sensex lost 115 points to end the session at 26,374 points on the Bombay Stock Exchange. Asian Paints was the top loser while GAIL was the top gainer.

* Pharma company Laurus Labs got listed on markets at a 14.5% premium to its offer price of 428 rupees a share. The stock fell 2% at its close to 480 rupees with 844 crore rupees worth of shares changing hands on the NSE alone.Stocks ended lower for the fourth session in a row on Monday and suffered a bout of heavy selling in the last half hour of trade. Flat-to-weak close in Asia and absence of major movements in European equities also impacted sentiment on Dalal Street.

Energy stocks such as Petronet LNG, Reliance Industries and BPCL saved the market some blushes in an otherwise dull trade. Volumes were missing as the year-end holiday season during Christmas week took root. Investors preferred to remain on sidelines.

Here are the major events of the trading day:

* The Nifty fell 35 points, or 0.4%, to close at 8,104 points. The index dropped for the 4th day, and briefly went below the 8,100 mark as well owing to heavy selling in the last hour of trade.

* Bharti Infratel, Asian Paints, Sun Pharma, UltraTech Cement and HDFC dropped between 2-3% and were among 31 shares that fell on the index.

* GAIL, Aurobindo Pharma, Tata Power, Grasim and HCL Tech rose between 0.7-2.3% and were among 19 shares that advanced on the Nifty.

* The Sensex lost 115 points to end the session at 26,374 points on the Bombay Stock Exchange. Asian Paints was the top loser while GAIL was the top gainer.

* Pharma company Laurus Labs got listed on markets at a 14.5% premium to its offer price of 428 rupees a share. The stock fell 2% at its close to 480 rupees with 844 crore rupees worth of shares changing hands on the NSE alone.Reliance Industries, Sun Pharma and Tata Motors were in heavy demand as well.

* HCL Infosystems, Ashok Leyland and HDIL saw heavy volumes.

* Wider benchmarks lost between 0.4-0.5% as bears gained traction in the market.

* There were no gainers in the sectoral space with PSU Banks, Realty, Auto and Financial Services stocks dropping the most.

* The bears were in full control of sentiment on Dalal Street with 935 shares falling compared with 529 that rose.

* Indraprastha Gas was the only notable stock to hit a fresh 52-week high in trade.

* Narayana Hrudalaya, Esab India and Zee Learn saw trades that were in multiples of their 5-day average volume.

* The Reserve Bank of India announced fresh restrictions on cash exceeding 5,000 rupees being deposited in bank accounts via scrapped notes.

Sensex extends losses, down 81 points

The 30-share barometer was down 0.31 per cent to 26,408.74 in early trade.

Mumbai: Falling for the fourth straight session, the benchmark BSE Sensex surrendered another 81 points to quote at 26,408.74 in early trade today on sustained selling by investors and funds amid weak Asian cues.

The 30-share barometer was down 80.82 points, or 0.31 per cent, to 26,408.74 in early trade, with sectoral indices led by consumer durables, auto, realty and banking trading lower.

The index had lost 208.26 points in previous three sessions.

The NSE Nifty dropped 25.20 points, or 0.30 per cent, to 8,114.25.

Brokers said apart from continued outflows by foreign funds, a weak trend in Asia tracking a sell-off on Wall Street and extending last week's losses on concerns of an expected jump in US interest rates next year mainly pulled the indices down.

Japan's Nikkei fell 0.22 per cent while Hong Kong's Hang Seng shed 0.84 per cent in early trade today. Shanghai Composite too shed 0.19 per cent.

The Dow Jones Industrial Average ended 0.04 per cent lower in Friday's trade.

Sensex down by 257.62 points on negative global cues

The Benchmark Index of the Bombay Stock Exchange he Sensex fell 257.62 points or 0.96% to settle at 26,489.56 in theweek under Review , tracking weakness in other global stocksafter the US Federal Reserve (US Fed) hiked interest rate onWednesday, December 14, 2016.US Fed also hinted at a more aggressive pattern of rate increasesnext year. Higher interest rates in the US could result in dollar outflows fromemerging markets towards the US. Selling Domestic market was,however, contained by back-to-back positive data in the domestic economy.Nifty of NSE also fell 122.30 points or 1.48 percent to settle at8,139.45. The BSE Mid-Cap index fell 2.38 percent. The BSE Small-Cap indexfell 1.68 percent. Both these indices underperformed the Sensex.Trading for the week started on a negative note. Banking, telecomand index heavyweights ITC and Infosys led modest-to-strong lossesfor key benchmark indices on Monday, December 12, 2016. BSE Sensex,fell 231.94 points to settle at 26,515.24.Key benchmark indices registered modest gains on Tuesday, December 13, 2016. The Sensex had risen 182.58 points to settle at 26,697.82.Market settled with small losses in a volatile trading session onWednesday, December 14, 2016. The Sensex fell 94.98 points or 0.36%to settle at 26,602.84.Key benchmark indices ended the volatile session with small losseson Thursday, December 15, 2016. The Sensex fell 83.77 points or to settle at 26,519.07.Key benchmark indices registered small losses on Friday,December 16, 2016, tracking lacklustre trading on the European andAsian bourses. BSE Sensex, lost 29.51 points to settle at 26,489.56.MORE UNI JS AW12135

Sensex struggle to stay adrift, fall 258 points for the week

Nifty 50 index during the week fell 122.30 points, or 1.48 per cent, to finish at 8,139.45 after shuttling between 8,230.65 and 8,121.95.

Mumbai: The BSE benchmark Sensex fell to mark biggest weekly loss in a month, falling 257.62 points to finish at 26,489.56, while the broader Nifty fell below the crucial 8,150-level.

The market began the week on negative note with dismal IIP data, US president-elect Trumps blunt talk on visas and surging crudeoil affecting the stocks, however, immense caution focused on two day US Fed Reserve policy meeting.

When the US Fed increased the rate which was expected, it is the hawkish tone of indicating three more hikes in the coming year led fears of capital flights from emerging markets on strong US bonds yields and dollar strength set-off nervousness in trading community, Sentiments were on the edge as investors opted for bouts of shortcovering gains for the week, with GST wash-out in Parliament winter session, widening trade-deficit data set-off negative mood for the week.

While comforting macrodata's retail inflation (CPI) and Wholesale inflation (WPI) were overlooked. Stock specific selling pressure on dismal earning results like Coal India led the market to down-hill.

During the week, the Sensex lost 257.62 points, or 0.96 per cent, to end at 26,489.56. It hovered in the range of 26,737.86 and 26,407.58. The Nifty 50 index during the week fell 122.30 points, or 1.48 per cent, to finish at 8,139.45 after shuttling between 8,230.65 and 8,121.95.

The selling was led by Metal, FMCG, PSUs, HealthCare, Bankex, Oil&Gas, Power, Realty, CapitalGoods, Auto, Consumer Durables and IPOs, while shares of midcap and smallcap also witnessed widespread selling. Buying was witnessed in IT and Teck counters.  

RAJASTHAN PETRO SYNTHETICS LTD (506975) Declines -1.33% On

Shares of RAJASTHAN PETRO SYNTHETICS LTD (BOM:506975) last traded at 1.48INR, representing a move of -1.33%, or -0.02INR per share, on volume of shares. After opening the trading day at 0INR, shares of RAJASTHAN PETRO SYNTHETICS LTD traded in a close range. RAJASTHAN PETRO SYNTHETICS LTD currently has a total float of shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 0INR and high of 4.31INR.
BSE & NSE: Asia’s Leading Stock Exchanges

India is one of the reasons that the Asian economy is immensely growing today. While its corporate sector’ representing about 14% of the national gross domestic product (GDP)’ is far smaller than that of the US’ representing about 70% of the national GDP, India has all the capabilities to remain as competitive as any other economy.

What Drives India’s Economy?

A nation’s equity market is very telling of its own success. In India, it is the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) that do the telling of the country’s economic prowess.

The BSE is the world’s 11th biggest stock exchange and also one of the fastest stock exchanges. As of January 23, 2015, it has a total market capitalization of $1.70 trillion. The BSE has a speed of six microseconds.

The SENSEX 30 is the benchmark index of the BSE. It weighs the 30 best-performing and most actively traded companies on the BSE with a base value of 100. Here, stocks are measured based on depth, floating-stock-adjustment depth, industry representation, liquidity, and market capitalization.
On the other hand, the NSE is owned and operated by the Indian Index Services and Products (IISP), supporting 230,000 terminals nationwide. RAJASTHAN PETRO SYNTHETICS LTD is a stock traded on the Indian stock exchange.

The NIFTY is the benchmark index of the NSE. It weighs the 50 best-performing and most actively traded stocks across 24 sectors on the NSE with a base value of 1,000. Consequently, it is a broader representation of the Indian corporate sector than the SENSEX 30.

Historical Feats

The BSE was established in 1875, bringing Asia its first stock exchange. It is also the first entity to be granted with a permanent acknowledgement under India’s Securities Contract Regulation Act of 1956.
On July 25, 1990, the BSE first reached a four-digit figure. On October 11, 1999, upon the victory of the Bhartiya Janta Party in the General Elections, it first reached the 5,000 mark. On February 6, 2006, it first reached the 10,000 mark. On December 11, 2007, shortly before the 2008 Global Financial Crisis, the BSE first reached the 20,000 mark. On January 21 and 22, 2008, it first lost more than 2,000 points in just two consecutive days.

On March 4, 2015, the BSE first reached the 30,000 mark. On August 24, 2015, it had once again recorded one of its worst sessions, losing 1,741 points after the devaluation of the Yuan. Chinese stocks had also fallen nearly 9% during that day, shaking the entire Asian market. RAJASTHAN PETRO SYNTHETICS LTD has relatively good 

Meanwhile, the NSE was established in 1992 as the first stock exchange in India with a fully electronic trading system. It paved way to the Indian equity market eventually embracing an electronic stock exchange platform, which is faster and more convenient’ thereby entirely improving trade and commerce in the 

Evidently, the BSE and the NSE are two of the most successful stock exchanges in the world. It goes without saying that investing in India is associated with promising returns. Professional analysts might be interested how this will affect RAJASTHAN PETRO SYNTHETICS LTD.

Closing Bell
Indian shares fell for a third day, dragged by losses in metal makers and lenders, as foreign funds continued to pull money out of local equities.
The S&P BSE Sensex declined 0.1 percent to 26,489 and the NSE Nifty dropped 0.1 percent as well to 8,139. For the week, the 30-share BSE benchmark ended nearly 1 percent lower while the 50-share NSE benchmark lost close to 1.5 percent.
The market breadth turned in favour of the sellers at close as 1,000 declined, 594 advanced and 289 stocks remained unchanged.

Tech Stocks Extend Rally On Strong Dollar
The S&P BSE Information Technology index gained 0.5 percent to 10,027, extending its winning streak to day 4. In fact, the index has climbed seven out of the last nine trading session.
India’s software exporters are gaining on speculation that export revenues will grow after the Federal Reserve raised interest rates, boosting the dollar. Leading information technology firms got at least half of their revenues from North America in the last financial year through March 2016, according to data compiled by Bloomberg.
Despite the recent rally, the sectoral gauge remains one of the worst performers of 2016, down 9.2 percent YTD.

Sensex, Nifty tread in red, Auto stocks up

 the S&P BSE Sensex is trading at 26,510 down 8 points, while NSE Nifty is trading at 8,146 down 7 points.

Sensex and Nifty have shown volatility throughout the day and has been trading in red, however, the indices didn't lose points drastically. Nifty sectoral indices are mixed wherein Nifty Metals have dipped more than 1%. BSE Midcap and Smallcap are marginally down. Oil marketing companies IOC, HPCL and BPCL shares were down during the afternoon.

In a pressure filled day, the noteworthy stock is Claris Lifesciences Ltd which hit a record high of Rs 430.10, up 20% after the company sold its injectable business to a US healthcare company.

At 2:15 PM, the S&P BSE Sensex is trading at 26510 down 8 points, while NSE Nifty is trading at 8,146 down 7 points. A total of 15 stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.

Out of 1882 stocks traded on the NSE, 878 declined, 690 advanced and 314 remained unchanged today.

The BSE Mid-cap Index is trading down 0.17% at 12220.14, whereas BSE Small-cap Index is trading down 0.03% at 12139.75.

Some buying activity is observed in Auto, Consumer Durables, Information Technology, Pharma, while Bank, Metal, Oil & Gas, FMCG, Energy are showing weakness on BSE.

Tata Motors, Eicher Motors, HDFC, Infosys, Infratel, Tata Motor DVR, Powergrid, Zee, Cipla, Reliance are among the gainers, whereas Hindalco, Bharti Airtel, ONGC, Tata Power, ICICI Bank, Axis Bank, BPCL, ACC, Ultratech Cement, Hero Motocorp are losing sheen on NSE.

The INDIA VIX is down 2.89% at 15.20.
Buzzing Stocks:

Bajaj Auto launched its latest sports bike Dominar 400 priced up to Rs 1.5 lakh (ex-showroom Delhi) as it looks to challenge segment leader Royal Enfield in the Rs 1-2 lakh category.

GE Shipping takes delivery of secondhand Supermax dry bulk carrier.

Cipla subsidiary in the Netherlands will pump in up to euro 16.8 million to form a joint venture with its Iranian distributor Ahran Tejarat Company. The JV proposes to undertake manufacturing and marketing of pharmaceutical products in Iran.

Dilip Buildcon wins new project from Andhra Pradesh worth Rs 260 crore, earlier had bagged order worth Rs 900 crore from Maharashtra.

Claris Lifesciences has agreed to sell its global generics injectables business to Baxter International for a total consideration of US $ 625 million. The Boards of both companies have approved the deal, which is expected to close in the second half of 2017, a note from Baxter said.

Sical Logistics informed that its logistics operations at Chennai, Kamarajar port interrupted due the cyclone.

Welspun India is investing Rs 600 crore for setting up a facility for manufacturing carpets, area rugs and carpet tiles here, marking the leading global home textile firm's foray into flooring solutions segment.
Phoenix Mills acquires additional 3.75% stake in subsidiary, Alliance Spaces.

Persistent's promoter S P Deshpande to donate 4.99% stake to philanthropic foundation.

IL&FS Transport to acquire 4 Indian investments by Elsamex for Rs 141 crore.

Saksoft acquires majority stake in Dreamorbit to strengthen IoT.

Axis Bank dismisses 24 staffers, suspends 50 accounts after IT raids.

Sanofi said to be in advanced talks to buy drugmaker Actelion.

Merck wins $2.54 bn in Hepatitis C drug trial against Gilead.

Goldman Sach's case against Gati fast-tracked in test for courts

Telenor looks to sell its India unit to Idea Cellular.

Nifty, Sensex flat; Pharma, Oil & Gas down

the S&P BSE Sensex is trading at 26524 up 5 points, while NSE Nifty is trading at 8,149 down 3 points.

Asian indices opened flat to positive as most currencies adjusted to the renewed bout of strength in the US$. The US$ now looks very heavily overbought as consensus bullishness makes the gains a one way street which could cap the upside in the near term. Oil rallied marginally as US equities flirted with 19500 before profit booking trimmed the gains. Gold continues to test bear market territory & could well be the casualty asset class for 2017.

China's Shanghai Composite opened at 3,111.51, Hong Kong's Hang Seng opened at 21,996.38, Singapore's Straits Times started at 2,934.29 while Japan's Nikkei 225 opened at 19,438.39.

The US benchmark indices ended on a positive note with key indices gaining more than 0.30%. Following the rate hike announced by the US Federal Reserve's Monetary Policy Commttee, the shares of financial companies gained wherein banks' shares rose the most as they see maximum benefit from a rise in interest rates in the US.

S&P 500 ended at 2262 up 0.39%, Nasdaq Composite closed at 5456 up 0.37% and Dow Jones Industrial Average ended the day at 19852 up 0.30%.

The December futures of Nifty 50 ended at a premium of 19.45 points to the spot index, and open interest in the contract fell 6.0% to 15.58 mn. Post rate hike by the US Fed, it seems interest rates are rising by 75 basis points in 2017 as compared with 50 basis points earlier, which is set to raise the cost of funds for foreign funds who invest in emerging markets like India.

At 09:56 AM, the S&P BSE Sensex is trading at 26524 up 5 points, while NSE Nifty is trading at 8,149 down 3 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 12 stocks touched a new 52-week low on the NSE.

Out of 1875 stocks traded on the NSE, 552 declined, 880 advanced and 443 remained unchanged today.

The BSE Mid-cap Index is trading up 0.06% at 12247, whereas BSE Small-cap Index is trading up 0.26% at 12175.

Some buying activity is observed in Auto, Conusmer Durables, Information Technology, Telecommunications sectors, while Oil & Gas, Metal, Pharma, Bank, FMCG are showing weakness on BSE.

Tata Motors, Infosys, Bank of Baroda, HDFC, Tata Motor DVR, Zee, NTPC, Maruti, TCS, Infratel are among the gainers, whereas Aurobindo Pharma, Sun Pharma, ONGC, Ultartech Cement, M&M, HCL Tech, Hindalco, Tata Power, ACC, Idea are losing sheen on NSE.

The INDIA VIX is down 2.18% at 15.3.

Buzzing Stocks:
Bajaj Auto launched its latest sports bike Dominar 400 priced up to Rs 1.5 lakh (ex-showroom Delhi) as it looks to challenge segment leader Royal Enfield in the Rs 1-2 lakh category.

GE Shipping takes delivery of secondhand Supermax dry bulk carrier.

Cipla subsidiary in the Netherlands will pump in up to euro 16.8 million to form a joint venture with its Iranian distributor Ahran Tejarat Company. The JV proposes to undertake manufacturing and marketing of pharmaceutical products in Iran.

Dilip Buildcon wins new project from  Andhra Pradesh worth Rs 260 crore.

Claris Lifesciences has agreed to sell its global generics injectables business to Baxter International for a total consideration of US $ 625 million. The Boards of both companies have approved the deal, which is expected to close in the second half of 2017, a note from Baxter said.

Sical Logistics informed that its logistics operations at Chennai, Kamarajar port interrupted due the cyclone.

Welspun India is investing Rs 600 crore for setting up a facility for manufacturing carpets, area rugs and carpet tiles here, marking the leading global home textile firm's foray into flooring solutions segment.

Phoenix Mills acquires additional 3.75% stake in subsidiary, Alliance Spaces.

Persistent's promoter S P Deshpande to donate 4.99% stake to philanthropic foundation.

IL&FS Transport to acquire 4 Indian investments by Elsamex for Rs 141 crore.

Saksoft acquires majority stake in Dreamorbit to strengthen IoT.

Axis Bank dismisses 24 staffers, suspends 50 accounts after IT raids.

Sanofi said to be in advanced talks to buy drugmaker Actelion.
Merck wins $2.54 bn in Hepatitis C drug trial against Gilead.

Goldman Sach's case against Gati fast-tracked in test for courts
Telenor looks to sell its India unit to Idea Cellular.

Multi Commodity Exchange Of India Ltd. (534091) Move Up 0.27%

Shares of Multi Commodity Exchange of India Ltd. (BOM:534091) last traded at 1304.6INR, representing a move of 0.27%, or 3.5INR per share, on volume of 23,521 shares. After opening the trading day at 1287.95INR, shares of Multi Commodity Exchange of India Ltd. traded in a close range. Multi Commodity Exchange of India Ltd. currently has a total float of 51.00M shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 726INR and high of 1420INR.
Indian Economy: Moving Forward With BSE & NSE

Trade and commerce in the Asian region is richly flourishing and India is one of the biggest contributors in the transformation. The country has a valuable equity market that represents about 14% of its gross domestic product (GDP), thanks to its leading stock exchanges’ the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

The Stock Exchanges

More than half of roughly 7,800 publicly traded companies in India are listed on the BSE and the NSE combined. This means that the two stock exchanges alone make up about 4% of the Indian GDP.
The BSE is the oldest Asian stock exchange while the NSE is the first electronic stock exchange in India. That being said, it is without a doubt that both stock exchanges have a rich history that tells of India’s success. Multi Commodity Exchange of India Ltd. is a stock traded on the Indian stock exchange.
Getting to Know the BSE

Being the first stock exchange in all of Asia, the BSE is also the first to receive a permanent recognition under the Securities Contract Regulation Act of 1956 of India. In its over 100 years of existence, the BSE has managed to become the 11th largest stock exchange worldwide. As it continues to grow, the BSE can potentially improve its position in global trade in the long run. Furthermore, it is also said to be among the fastest stock exchanges worldwide.

The BSE first hit a four-digit figure in July of 1990. It was when the Bhartiya Janta Party emerged victorious in the October 1999 General Elections, the stock exchange first hit the 5,000 mark. It was in February 2006 and in December 2007 when the BSE first hit the 10,000 mark and the 20,000 mark,among the fastest stock exchanges worldwide.

The BSE first hit a four-digit figure in July of 1990. It was when the Bhartiya Janta Party emerged victorious in the October 1999 General Elections, the stock exchange first hit the 5,000 mark. It was in February 2006 and in December 2007 when the BSE first hit the 10,000 mark and the 20,000 mark, respectively. In March 2015, it first hit the 30,000 mark.

However, the BSE is not all about glory. It also had its down times. During the Global Financial Crisis of 2008, it historically recorded its biggest declines, losing more than 2,000 points in two consecutive days. Last year, when the Bank of China (BOC) suddenly devalued the Yuan, the BSE has also lost more than 1,700 points in just one session. With China being Asia’s largest economy, the decision of the BOC had a huge impact on all Asian nations.
The IndicesThe two main stock indices in India are the SENSEX 30 and the NIFTY. The former measures the top 30 companies listed on the BSE while the latter measures the top 50 companies listed on the NSE. These two are strong indicators of the health of the Indian economy as they represent the biggest of the biggest in the country’s corporate sector.

The SENSEX 30 has a base value of 100 and its base date is 1978 to 1979. Meanwhile, the NIFTY has a base value of 1,000 with its base date being 1995. Multi Commodity Exchange of India Ltd. has relatively good liquidity.

India is constantly growing as it takes advantage of various growth opportunities and carries out long-term growth prospects. Needless to say, the BSE and the NSE are the most interesting stock exchanges to trade in at present. Professional analysts might be interested how this will affect Multi Commodity Exchange of India Ltd..
More news for Multi Commodity Exchange of India Ltd. (BOM:534091) were recently published by: Economictimes.Indiatimes.com, which released: “Buy Multi Commodity Exchange of India Ltd., target Rs 1400.0 : UBS” on September 26, 2016. Techcrunch.com‘s article titled: “MCX postpones rollout of Apple Pay rival CurrentC, lays off 30, will focus on …” and published on May 16, 2016 is yet another important article.
Multi Commodity Exchange of India Limited is a holding company. The company has a market cap of $66.43 billion. The Firm is engaged in Facilitating Trading, and Clearing and Settlement of Commodity Derivatives. It has a 23.2 P/E ratio. It operates as a commodity futures exchange.