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 $2.54 bn in Hepatitis C drug trial against Gilead.
Goldman Sach's case against Gati fast-tracked in test for courts
Telenor looks to sell its India unit to Idea Cellular.
Asian indices opened flat to positive as most currencies adjusted to the renewed bout of strength in the US$. 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.
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