Sensex rises over 190 points

The benchmark BSE Sensex surged over 190 points and the NSE Nifty reclaimed the 8,500-mark on Wednesday as traders continued buying, tracking a firm trend in other Asian bourses following record US markets’ closing. Short-covering of bets, on Wednesday being the last session of January expiry in the derivatives segment, kept the overall tempo up. The 30-share index had gained 341.08 points in the previous two sessions.

Metal, banking, capital goods, FMCG, oil and gas, IT and auto sector stocks were leading the rally, which lifted sentiments. Bucking the trend, shares of telecom major Bharti Airtel plunged 3.27% to Rs 306 on nervous selling after the company yesterday reported over 54% fall in consolidated net profit to Rs503.7 crore for the October-December quarter. Brokers said that the market mood remained buoyant, bolstered by domestic and foreign institutional investors’ buying coupled with a firming trend overseas, especially the US markets which ended on a big high in Wednesday’s trade acknowledging new President Donald Trump’s economic policies.

1.45pm: BSE Sensex trades higher by 196 points, or 0.72%, to 27,572, while the Nifty 50 rises 77 points, or 0.91%, to 8,553. Wockhardt Ltd shares fall over 2.65% to trade at Rs 664.30 against the previous session’s closing of Rs682.40.

Sensex surges 210 points

The benchmark Sensex surged over 200 points due to short-covering by speculators ahead of January monthly derivatives contract expiry.

Domestic sentiment got a boost on optimism ahead of the annual budget to be unveiled next week.

The Supreme Court on Monday rejected a petition to delay the Union Budget, which Finance Minister Arun Jaitley is scheduled to deliver on February 1, dismissing concerns about potential giveaways ahead of critical state polls.

Analysts are hoping for a Budget that delivers some incentives to support an economy that has been hit by India's shock move to ban higher-value banknotes.

“Financials have underperformed for sometime because of concerns on growth and outlook after demonetisation,” said Neeraj Dewan, director at Quantum Securities.

“There can be also be some pre-budget buying happening in the market,” Dewan added.

At 2.20 pm, the 30-share BSE index Sensex was up 210.53 points or 0.78 per cent at 27,327.87 and the 50-share NSE index Nifty was up 65.65 points or 0.78 per cent at 8,457.15.

Among BSE sectoral indices, auto index gained the most by 1.33 per cent, metal 1.29 per cent, power 1.24 per cent and capital goods 1.23 per cent. On the other hand, IT index was down 0.32 per cent and TECk 0.17 per cent.

Top five Sensex gainers were Bajaj Auto (+2.68%), M&M (+2.17%), L&T (+2.01%), Power Grid (+1.92%) and Adani Ports (+1.9%), while the major losers were Bharti Airtel (-0.99%), Infosys (-0.69%), HUL (-0.49%) and Cipla (-0.07%).

Banks were among the gainers, with HDFC Bank up nearly 2 per cent and Kotak Mahindra Bank, which will report earnings on Wednesday, rising 0.80 per cent.

IT stocks however fell, with Infosys Ltd and HCL Technologies Ltd down more than 1 per cent each amid worries US President Donald Trump's protectionist stance would adversely impact global exporters.

Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China's influence in the region rises.

MOIL Ltd fell as much as 3.9 pct to its lowest since January 3 after the manganese ore miner said the government would sell 10 per cent stake in the company.

Early today, HCL Technologies reported a 7.8 per cent rise in consolidated net profit at Rs. 2,070 crore for the third quarter ended December 2016.

Sensex up over 100 points

The benchmark Sensex advanced by over 100 points in morning trade today, building on yesterday’s recovery, as investors and domestic institutions widened their bets amid mixed global cues.

The Nifty opened 15 points up at 8,407 while the Sensex opened 54 points up at 27,171.

Short-covering by speculators ahead of January monthly derivatives contract expiry added to the upward move.

Moreover, encouraging earnings numbers from India’s fourth—largest software services exporter, HCL Technologies, too added to the cheer.

The NSE Nifty also recaptured the 8,400—mark.

The BSE 30—share barometer advanced 106.96 points, or 0.39 per cent, to 27,224.30. The gauge had gained 82.84 points in the previous session at about 10 am.

Sectoral indices led by consumer durables, power, banking, PSU, capital goods and metal stocks were in the green, adding up to 1.28 per cent.

The NSE Nifty went past the 8,400-mark by rising 38.90 points, or 0.46 per cent, to 8,430.40. Volatility was a tad down with the India Vix ruling at 15.7750.

Early today, HCL Technologies reported a 7.8 per cent rise in consolidated net profit at Rs 2,070 crore for the third quarter ended December 2016.

Brokers said increased buying in select stocks coupled with covering—up of outstanding short positions ahead of the January month derivatives expiry had a positive impact.

A mixed trend on other Asian bourses too influenced sentiments, they said.

In the Asian region, Hong Kong’s Hang Seng was up 0.30 per cent, while Shanghai Composite index edged down 0.09 per cent in early trade today. Japan’s Nikkei fell 0.07 per cent.

The US Dow Jones Industrial Average ended lower by 0.14 per cent in yesterday’s trade. PTI KPS DP JM 01240953

A report by IFA Global said "Asian stock markets are trading on a mixed note, with Hang Seng index trading higher by 75 points and Nikkei index is trading lower by 13 points as major global indices remained under pressure post-Trump inauguration speech.US stock markets closed on a negative note, the Dow Jones Industrial Average closed lower by 27 points and Nasdaq index closed lower by 2 points. U.S. equities closed lower as U.S. President Donald Trump's focus on trade protectionism fueled suspicions his administration might seek a competitive advantage through a weaker currency.European stock markets closed in the red, with FTSE closed lower by 47 points and CAC lower by 29 point. European markets ended the day lower following weak global cues.

Sensex slips over 100 points

The INDIA VIX is up 1.10% at 15.19. S&P BSE Sensex is trading at 27198.45 down 110.15 points, while NSE Nifty is trading at 8405.45 down 29.65 points.

the S&P BSE Sensex is trading at 27198.45 down 110.15 points, while NSE Nifty is trading at 8405.45 down 29.65 points. A total of 29 stocks registered a fresh 52-week high in trade today, while 5 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 0.18% at 12763.7, whereas BSE Small-cap Index is trading up 0.06% at 12927.84.

Some buying activity is seen in FMCG and Realty while all other sectors are showing weakness on NSE.

Idea, Cipla, Grasim, GAIL and Yes Bank are among the gainers, whereas Axis Bank, Tata Motors, Adani Port, ICICI Bank and Infratel are losing sheen on NSE in the first trading hour.

The INDIA VIX is up 1.10% at 15.19.

Realty stocks gain in the opening hours. Godrej Properties is the top gainer in the first half hour of trading session on Friday.

Prestige is up by almost 2.70% and is trading at Rs 169.50 per share.

Unitech is up by 1.31% trading at Rs 4.64 per share.

DLF is up by 0.83% trading at Rs 133.30 per share

Godrej Properties is trading at Rs 334.45 per share up by 1.33%.

Tata Motors DVR is down by almost 2.21 % trading at Rs 330 per share. Tata Motors DVR has seen a spurt in OI of almost 15.44%.

Markets open on a positive

Mumbai, Jan 18 (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE after opening at 27,261.76 points, touched a high of 27,333.76 and a low of 27,256.74 points.

On Tuesday, the Sensex closed at 27,235.66 points.

The Sensex is trading at 27,328.63 points, up by 92.97 points or 0.34 per cent.

On the other hand, the broader 51-scrip Nifty at National Stock Exchange (NSE) opened at 8,403.85 points after closing at 8,398.00 points.

The Nifty is trading at 8,425.00 points in the morning.

Sensex closes down 53 points

Sensex eased marginally on Tuesday as oil-to-telecoms conglomerate Reliance Industries Ltd dragged on the market over concerns about spending at its telecom unit that overshadowed better-than-expected third-quarter earnings. The market is expected to move within a range ahead of corporate results and the government budget, analysts said, as more companies gear up to report earnings including Axis Bank and Yes Bank on Thursday. The government will unveil budget on 1 February and investors hope for incentives to support an economy hit by cash shortages after a ban on higher-value banknotes.

“Markets are more or less flat and will be range-bound ahead of quarterly results and the union budget wherein investors will watch out on how the allocation happens,” said Siddharth Purohit, senior research analyst with Angel Broking. Losses were led by Reliance Industries whose shares fell as much as 2.3% to its lowest since 29 December. While Reliance’s telecom unit Jio reported strong subscriber addition, its true potential will only become clear once it starts charging full price, which could still be some quarters away, Jefferies analysts wrote in a note. Among gainers, Tata Consultancy Services and Infosys Ltd reversed Monday’s losses and were up 0.8% and 0.2%, respectively.

3.30pm: BSE energy index falls by 2.11%, BSE oil & gas index decreases by 1.39%, while BSE metal index declines by 1.52%. BSE Sensex closes lower by 52.51 points, or 0.19%, to 27,235.66, while the Nifty 50 falls 14.80 points, or 0.18%, to 8,398.

3.09pm: BSE Sensex trades lower by 48 points, or 0.18%, to 27,240, while the Nifty 50 falls 9 points, or 0.10%, to 8,404. BSE energy index falls 2%, BSE oil & gas index declines 1.35% while BSE metal index falls 1.56%.

2.31pm: BSE Sensex trades lower by 88 points, or 0.32%, to 27,200, while the Nifty 50 falls 28 points, or 0.33%, to 8,385.

1.33pm: BSE Sensex trades lower by 72 points, or 0.26%, to 27,216, while the Nifty 50 falls 16 points, or 0.19%, to 8,396.

Sensex trading flat; consumer durables, FMCG stocks major gainers

The Nifty and the Sensex opened and traded flat to positive following global cues. The Nifty opened 2 points up at 8,415, while the Sensex opened 44 points up at 27,332.

At 10.10 a.m., the 30-share BSE index Sensex was up 22.74 points or 0.08 per cent at 27,310.91 and the 50-share NSE index Nifty was up 8.15 points or 0.1 per cent at 8,420.95.

Barring Nifty Metals, all broader and sectoral indices were trading flat.Volatility was a tad down with the India Vix ruling at 15.0400.

Among BSE sectoral indices, consumer durables index gained the most by 0.79 per cent, followed by FMCG 0.6 per cent, IT 0.56 per cent and banking 0.53 per cent, while metal index was down 0.52 per cent and oil & gas 0.33 per cent.

Top five Sensex gainers were Axis Bank (+1.59%), HUL (+1.35%), Asian Paints (+1.33%), TCS (+1.04%) and NTPC (+0.82%), while the major losers were Reliance (-2.13%), Tata Steel (-1.17%), Lupin (-0.68%), Cipla (-0.67%) and Adani Ports (-0.62%).

A report by IFA Global said: "Asian stock markets are trading on a mixed note, with Hang Seng index trading higher by 96 points and Nikkei index trading lower by 113 points following lack of global cues as US markets remained closed yesterday. On Friday, US stock markets closed on a flat note. The Dow Jones Industrial Average closed lower by 5 points and Nasdaq index closed higher by 26 points. US equities closed almost flat after mixed set of economic data released on Friday. European stock markets closed on a negative note, with FTSE closed lower by 10 points and CAC lower by 40 points. European markets ended the day on a negative note ahead of UK prime minister's speech scheduled today."

Live Stock Market Updates

the S&P BSE Sensex is trading at 27191 down 47 points, while NSE Nifty is trading at 8379 down 21 points. A total of 13 stocks registered a fresh 52-week high in trade today, while 4 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.16% at 12659.06, whereas BSE Small-cap Index is trading up 0.13% at 12706.09.

Some buying activity is seen in Media, Metal, PSU Bank, Realty, while Auto, Bank, Financial Services, FMCG, IT, Pharma, Private Bank are showing weakness on BSE.

Axis Bank, ITC, HDFC, GAIL, Tech Mahindra are among the gainers, whereas Idea, TCS, Hindalco, Infosys, NTPC are losing sheen on NSE in the first trading hour.

The INDIA VIX is flat at 14.3825.

Sensex, Nifty edge higher

The BSE Mid-cap Index was up by 0.03% at 12,622, whereas BSE Small-cap Index was down by 0.19% at 12,682. Out of 1,908 stocks traded on the NSE, 1,021 declined, 592 advanced and 295 remained unchanged today.

The Indian stock market gained  for a third day with benchmarks extending their two-month high lead as some investors assessed that the impact of the demonetisation may be factored in and take positions ahead of the Union Budget early next month.

Nifty hit the new level of 8400 on Thursday even as many sectors including Auto, FMCG, Metal, Pharma and Realty are trading in red on Thursday.

At 1:25 PM, the BSE Sensex is trading higher by 120 points at 27,261, while the Nifty50 jumped 25 points at 8,406 mark. The Nifty50 hit 8,400 mark for the first time since Nov 11, 2016.

The BSE Mid-cap Index was up by 0.08% at 12,628, whereas BSE Small-cap Index was down by 0.01% at 12,705.

NTPC, Power Grid, Tata Power, L&T and Infosys were among the gainers, whereas Idea Cellular, Aurobindo Pharma, Coal India and Dr Reddy's were among those losing sheen on NSE.

A total of 42 stocks registered a fresh 52-week high in trade today, while eight stocks touched a new 52-week low on the NSE.

Out of 1,908 stocks traded on the NSE, 918 declined, 679 advanced and 311 remained unchanged today.

Some buying was observed in power, utilities, IT, teck, capital goods, oil & gas banking and financial services sectors, while pharma, auto, metal and FMCG stocks are showed weakness on BSE.

The INDIA VIX was down 0.43% at 14.74.

The Indian rupee opened higher by 17 paise against US Dollar at 68.15 per dollar versus 68.32 Wednesday.

The BSE IT index is trading at 10086 levels up by 132 points or 1.3% on Thursday. Infosys has contributed to almost 70% of the index gains on Thursday in the first hour of the trade. Other IT stocks like Trigyn, Cyient, Kelton Tech are all up in the range of 2% to 4.5%.

The BSE Healthcare Index is down by almost 182 points or 1.21% trading at 14940 levels. Sun Pharma and DRL have contributed to almost 55% of the index fall. Sun Pharma is down by 1.89% trading at Rs 635 per share. DRL is trading at Rs 984 down by 2% in the first half hours of the day. Other pharma stocks like Cipla, Natco Pharma, Dishman Pharma, Lyka Labs are also down by more than 2%.

After a steady rally in markets on Wednesday, even as Nifty struggles to consolidate, it has gained over 8400 levels in Thursday's trading session, and Global Offshore has caught investors’ attention by gaining more than 3.5% on an intraday basis. Mumbai based, logistics service provider, Global Offshore Services Limited's stock has witnessed spurt in volumes by more than 2.26 times.

NTPC gained on bourses as it signed a non-binding MoU with Rajasthan Rajya Vidyut Utpadan Nigam Limited and Rajasthan Urja Vikas Nigam Limited for the takeover of Chhabra thermal power plant. The plant has two stages viz., Stage I of 4*250 MW and Stage II of 2*660 MW.

Steel Strips Wheels has bagged an order to supply wheels over a period of 3 months in the EU trailer market. Order comprises of 13” steel wheels to be supplied starting from February 2016. The stock of the company has reacted sharply to the news and is trading in green. The stock is up 2%.

Trigyn Technologies has hit its upper circuit on an intraday basis. Trigyn Technologies Inc., is recently in the news as a wholly-owned subsidiary of the company has been awarded Federal GSA's IT Schedule 70 Contract.

Nifty FMCG opened today at 21227.20 level, gaining 0.15% but then it started falling in the red zone. Currently FMCG index is trading at 21,104,90 level, down by 0.42%. Despite the FMCG index falling, following five FMCG stocks are trading in green on Thursday.
Godrej Consumers Product Limited is trading at Rs 1585.95 per share, up by 0.70%. Tata Global is trading at Rs 128.30 per share, up by 0.59%.
Marico is trading at Rs 261.10 per share, up by 0.04%.
GlaxoSmithKline Consumer Healthcare Limited is trading at Rs 5165.00 per share, up by 0.43%.

United Spirits Limited is trading at Rs 1926.00 per share, up by 0.42%.

Yen witnessed strong recovery against the greenback, as the differentials between US 10yr and Japanese bonds narrowed.

Conversely, Mexican Peso plummeted to fresh lows amid concerns of US automobile companies curtailing production capacity on Mexico and China as far as trade is concerned. It seems the uncertainty over his policies will aggravate after he assumes power. Markets will eventually see a political impasse entailing muddled negotiations when Trump outlines his economic plans, invariably inviting opposition from stubborn US Congress. Meanwhile, World Bank stated that Donald Trump's plan to cut corporate and personal income taxes can provide a boost to the global economy, but there is a serious concern over the anti-trade sentiment. Prevalent backdrop is indisputably conducive for the yellow metal, with prices expected to extend the prevalent northward journey.

Sensex up 53 points

The Nifty and the Sensex opened and traded flat to positive following mixed cues from Asia. The Nifty opened 10 points up at 8,391, while the Sensex opened 32 points up at 27,172 - a palindrome.

At 10.07 a.m., the 30-share BSE index Sensex was up 52.66 points or 0.19 per cent at 27,193.07 and the 50-share NSE index Nifty was up 10.10 points or 0.12 per cent at 8,390.75.

A report by SMC Global said: "Asian stocks opened mixed, Japanese equities dropped as the yen strengthened despite strong overnight cues from the US The European and US markets were up, as Wall Street overcame its brief wobble to end Wednesday firmer. The Dow added 0.5 per cent, while the Nasdaq gained 0.21 per cent following US President-elect Donald Trump’s first post-election press conference, which was devoid of any policy details. Japan had a current account surplus of 1.415 trillion yen in November, the Ministry of Finance said - up 28.0 per cent on year.The headline figure was shy of expectations for a surplus of 1.460 trillion yen and down from 1.719 trillion yen in October. The trade balance showed surplus of 313.4 billion yen - exceeding forecasts for 254.4 billion yen and down from 587.6 billion yen in the previous month. Exports were down 0.8 per cent on year to 5.890 trillion yen, while imports tumbled 10.7 per cent to 5.577 trillion yen."

Barring Nifty IT, all sectoral indices were trading flat. Volatility was down 1.94 per cent with the India Vix ruling at 14.5200.

Among BSE sectoral indices, IT index gained the most by 1.43 per cent, followed by TECk 1.16 per cent, power 0.83 per cent and capital goods 0.43 per cent. On the other hand, metal index was down 1.17 per cent, followed by healthcare 1.05 per cent, FMCG 0.54 per cent and realty 0.25 per cent.

Top five Sensex gainers were Power Grid (+3.03%), Infosys (+2.41%), NTPC (+1.09%), L&T (+1.03%) and Axis Bank (+0.89%), while the major losers were Reddy's (-1.71%), Adani Ports (-1.5%), Sun Pharma (-1.5%), Lupin (-1.23%) and Coal India (-1.18%).

Sensex up 128 points on positive

MUMBAI, JAN 11:  

The benchmark BSE index Sensex was trading above the 27,000-mark and the NSE index Nifty above the 8,300-level on a flurry of buying by retail and domestic investors owing to positive global cues.

However, caution prevailed ahead of macroeconomic data and quarterly earnings from blue-chip companies.

At 10.45 a.m., the 30-share BSE index Sensex was up 127.98 points or 0.48 per cent at 27,027.54 and the 50-share NSE index Nifty was up 45 points or 0.54 per cent at 8,333.60.

Barring IT and TECk, all other BSE sectoral indices were trading in the green. Among them, metal index surged the most by 3.8 per cent, banking 1.29 per cent, capital goods 0.93 per cent and PSU 0.83 per cent. On the other hand, IT index was down 0.39 per cent and TECk 0.19 per cent.

Top five Sensex gainers were Tata Steel (+3.78%), Coal India (+3.41%), Lupin (+1.55%), L&T (+1.19%) and Adani Ports (+1.17%), while the major losers were Bajaj Auto (-0.9%), TCS (-0.88%), Cipla (-0.85%), Hero MotoCorp (-0.46%) and Infosys (-0.37%).

A report by SMC Global said: "India's auto sales saw their biggest monthly fall in 16 years in December due to demonetisation drive. Asian stocks opened higher following a surge in metal stocks after evidence of quickening price growth in China boosted metals and other commodities. Crude oil prices dropped to a one-month low. European stock markets, which had opened broadly lower, closed the day on a firmer note, while Wall Street shares closed mixed. US stocks have risen in the last two months in anticipation of easier fiscal policy based on Trump's campaign promises of increased infrastructure spending and tax cuts. Hiring increased for the month of November in the US, indicating a steady growth in the jobs market, according to data from the US Labor Department. The number of positions waiting to be filled rose 71,000 to 5.52 million which was in line with the forecast of 5.5 million. While hiring increased to 5.22 million from 5.16 million, the rate of hiring remained unchanged at 3.6 per cent."

Sensex closes up 173 points

BSE Sensex closes higher by 173 points, or 0.65, to 26,890, while the Nifty 50 rises 53 points, or 0.64%, to 8,289

Mumbai: Market benchmark Sensex rebounded by over 173 points to finish at 26,899.56 on Tuesday as domestic investors heavily bought into recently battered metal, auto and oil & gas stocks amid a higher opening of the European markets.


Sensex snapped its two-day falling streak, supported by value-buying in select blue-chip stocks amid mixed global cues. The gauge had lost 151.69 points in the previous two sessions ahead of earnings season and macroeconomic numbers due this week amid looming fears of a slowdown in the country’s GDP growth.

Domestic Institutional Investors (DIIs) were net buyers as they bought shares worth Rs96.82 crore, while Foreign Portfolio Investment (FPIs) offloaded shares amounting to Rs325.10 crore, provisional data showed. However, concerns prevailed ahead of earnings season and macroeconomic data, to be released later this week. The BSE benchmark Sensex opened higher at 26,811.63 and hovered in a range of 26,914.95 to 26,804.17 before finishing at 26,899.56, showing a gain of 173.01 points or 0.65%.

Sentiment was, however, subdued ahead of India’s budget, scheduled on 1 February, and caution ahead of key global events such as Donald Trump’s swearing-in as US president later this month. “Markets are consolidating like they have been in the past couple of weeks and are in a very narrow range as they wait for the quarterly results and for Donald Trump to take over as president of the US,” said Dipen Shah, senior vice president, public client group research, Kotak Securities.

Sensex gains 100 points; BPCL and ONGC up

The S&P BSE Sensex is trading at 26841 up 115 points, while NSE Nifty is trading at 8268 up 33 points.

With the finance minister waxing eloquently about rising tax mop-ups of any anecdotal evidence of slow growth should be laid to rest for now. Direct tax collections rose 12% while indirect tax revenue grew was up 25%. Tax buoyancy, which slumped to 0.71 under the earlier government, has improved to 1.23 in FY15 and 1.35 in FY16, a report stated. Prime Minister Narendra Modi will inaugurate the biennial Vibrant Gujarat Global Summit 2017 today. The earnings season kicks off with IndusInd Bank announcing its numbers.

Asian indices opened flat with further consolidation as US stocks lost ground on fresh brexit worries over UK's trading role with Europe. This saw safe haven buying in US$, gold and bonds while oil prices dropped sharply. With 20000 being the near term target on the Dow Jones profit booking around these pivot levels could see some more consolidation before the Trump swearing in later this month.

At 9:45 AM, the S&P BSE Sensex is trading at 26841 up 115 points, while NSE Nifty is trading at 8268 up 33 points. A total of 21 stocks registered a fresh 52-week high in trade today, while 3 stocks touched a new 52-week low on the NSE.

Out of 1896 stocks traded on the NSE, 426 declined, 1033 advanced and 437 remained unchanged today.

The BSE Mid-cap Index is trading up 0.47% at 12408, whereas BSE Small-cap Index is trading up 0.46% at 12553.

Some buying activity is observed in Oil & Gas, Metal, Auto, while Telecom, Realty, Telecommunications are showing weakness on BSE.

BPCL, ONGC, Hindalco, Tata Steel, Tata Motors, Tata Motors DVR, GAIL, Reliance, M&M, Adain Ports are among the gainers, whereas Axis Bank, Tech Mahindra, Sun Pharma, IndusInd bank, Bank of Baroda, TCS, Asian Paints, Ambuja Cement, ACC, Yes Bank are losing sheen on NSE.

The INDIA VIX is down 1.43% at 15.25.

Buzzing Stocks:
Tata Elxsi shares up 1.7% on order win from China.
Madras Fertilisers shares up 2.5% as the company resumed operations of its manufacturing plant.
Ajanta Pharma shares up 2% on USFDA approves Cymbalta generic.
Engineers India shares up 4% on Rs 2500 crore order from HPCL.
Jaiprakash Power Ventures has sought its shareholders' nod, through postal and electronic ballot, to convert part of its outstanding debt of Rs 30.58 bn into 3.06bn equity shares. 
Divis Laboratories has filed a detailed response within the permitted time to the observations made by the US health regulator after inspection of the drug firm’s manufacturing plant at Visakhapatnam in Andhra Pradesh.
Oil and Natural Gas Corporation (ONGC) is close to finalising ways to complete its USD800mn projects stuck midway after the contractor, Singapore’s Swiber Holdings Ltd, collapsed last year following an oil slump.
A set of critical observations issued by Portuguese drug regulator on Granules India's Gagillapur unit near Hyderabad that manufactures pharmaceutical formulation intermediates (PFIs) and finished dosages (FDs).
The Centre is seeking a higher dividend on the back of IOC, HPCL and BPCL reporting much higher profits in the first  half of this fiscal, as well as improved earnings per share.

Live Stock Market Updates

 The BSE Mid-cap Index is trading up 0.20% at 12,155, whereas BSE Small-cap Index is trading up 0.34% at 12,231.

The Indian stock market declined for a second time in as many sessions as investors sold shares of automakers, lenders and technology companies. The Nifty came under pressure as it approached its crucial resistance level of 8,200, weighed down by losses in IT, banks, and auto stocks. 

 the S&P BSE Sensex is trading at 26,524 down 72 points, while NSE Nifty is trading at 8,154 down 25 points.

The BSE Mid-cap Index is trading up 0.20% at 12,155, whereas BSE Small-cap Index is trading up 0.34% at 12,231.

Power Grid, Tata Motors, Hindalco, Tata Motor DVR and Tata Power are among the gainers, whereas Bank of Baroda, Hero MotoCorp, Infosys, Wipro and SBI are losing sheen on NSE.

A total of 12 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

Out of 1,866 stocks traded on the NSE, 509 declined, 887 advanced and 470 remained unchanged today.

Some buying is observed in metal, media and auto sectors while financial services, IT, Bank Nifty, FMCG are showing weakness on NSE.

The INDIA VIX is up 2.85% at 16.28.

Sensex slips over 100 points

Some buying is observed in realty, media, metal and pharma sectors while financial services, IT, Bank Nifty, FMCG and auto showing weakness on NSE.

The Indian stock markets open on a positive note but later pared gains to turn red on Monday,

At 9:32 AM, the S&P BSE Sensex is trading at 26,494 down 132 points, while NSE Nifty is trading at 8,154 down 31 points.

The BSE Mid-cap Index is trading up 0.01% at 12,032, whereas BSE Small-cap Index is trading up 0.46% at 12,101.

Eicher Motors, UltraTech Cement, Ambuja Cements, SBI and ACC are among the gainers, whereas Bajaj Auto, M&M, BoB and HDFC are losing sheen on NSE.

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

Out of 1,871 stocks traded on the NSE, 520 declined,918 advanced and 433 remained unchanged today.

Some buying is observed in realty, media, metal and pharma sectors while financial services, IT, Bank Nifty, FMCG and auto showing weakness on NSE.

The INDIA VIX is up 3.78% at 16.0500.

Asian indices opened in the green with most markets still in holiday mode. The retracement of the US$ saw currency gains for most countries which prompted buying in equities. Financials, materials & infra stocks gained with gold & oil prices seeing profit booking 

After a year of negligible gains for the Indian equity market, 2017 starts on hopes that this year will be better in many aspects. During the year, the Nifty hit a low of 6826 in Feb 2016 then surged to 8969 in September 2016. Then came a plethora of concerns which reduced the risk appetite for emerging markets. Trump's US presidential victory, strengthening of US Dollar and the demonetization drive dominated the headlines towards the end of the year.

The much-awaited New Year's address by Prime Minister Narendra Modi saw a slew of initiatives being announced which focused on the rural segment, small businesses, women and the banking sector.

The PM highlighted a stark reality that a mere 24 lakh Indians had declared that they had an annual income of above Rs 10 lakhs.
Bank stocks will be in focus after leading lenders announced a cut in loan rates. Profit booking is expected at higher levels later in the day unless global markets keep the momentum going.

The Indian economy remains one of the fastest growing economies as it grew 7.2% in the first half of the current fiscal.