Friday, 16 December 2016

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.

Image result for stock market image todayThe 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.

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