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.
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.
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