Monday, 16 January 2017

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."

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