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%.

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."

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.

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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.

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.

Sensex, Nifty regain, IT stocks up

The S&P BSE Sensex is trading at 26666 up 63 points, while NSE Nifty is trading at 8,205 up 23 points.In a positive turn of events, Sensex and Nifty regained back from the losses it made at the start of the market hours and are now trading in green.

Asian markets opened weak with the exception of the Japanese 'Nikkei" index which traded higher on the back of a weaker yen. Initial reaction to the Federal Reserve rate hike saw bond yields rise and the US $ get stronger which as a follow through will see most Asian indices trade in the red. Gold prices hit new 1 year lows and oil prices also traded near US $ 50 which should see return of smart money to equity with Asian stocks becoming value picks after the sharp under performance.

After almost ending the markets on a high note, following the hawkish US Fed rate outlook, benchmark indices of the US, ended on a lower note. The US central bank said it now sees interest rates rising by 75 bps in 2017 compared to a hike of 50 bps estimated earlier. The US Federal Reserve raised interest rates for the second time in a decade by 25 bps. S&P 500 ended at 2253.2 down 0.81%, Dow Jones Industrial Average closed at 19792.5 down 0.60% and Nasdaq Composite ended at 5436.6 down 0.50%.
  
Foreign institutional investors (FII) net sold index futures worth Rs 797.7 million, but bought stock futures worth Rs 1.1 billion on the NSE. FIIs net sold index options worth Rs 20 billion, while FIIs net sold Indian shares worth Rs 6.3 billion on the BSE, NSE, and Metropolitan Stock Exchange combined. Domestic institutional investors (DII) net bought shares worth Rs 2.1 billion. Following the US Fed rate hike, all Indian ADRs end down 1-3% on Wednesday tracking weakness in US markets. In losing list, HDFC Bank, Sify and Vedanta were the worst performing, paring over 2% each.

At 9:52 AM, the S&P BSE Sensex is trading at 26666 up 63 points, while NSE Nifty is trading at 8,205 up 23 points. A total of 10 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE.

Out of 1879 stocks traded on the NSE, 467 declined, 998 advanced and 414 remained unchanged today.

The BSE Mid-cap Index is trading up 0.38% at 12287.50, whereas BSE Small-cap Index is trading up 0.60% at 12190.68.

Some buying activity is observed in Information Technology, Auto, Bank, Telecommunications, Consumer Durables sectors, while Healthcare, FMCG, Basic Materials, Utilities, Power are showing weakness on BSE.

TCS, Adani Ports, Infosys, HCL, M&M, Bajaj Auto, SBI, Bank of Baroda are among the gainers, whereas Sun Pharma, Bharti Airtel, ONGC, Tata Motor DVR, Zee, HUL are losing sheen on NSE.

The INDIA VIX is down 5.99% at 15.5975.

The SGX Nifty 50 December futures were marginally up today.

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Bajaj Electricals has entered into a strategic alliance with the UK-based firm Gooee to create lighting products and solutions on the Internet of Things (IoT) platform.

NTPC has lined up investments worth Rs 26.48 bn for developing three coal blocks in Odisha.
Lupin has received approval from the US health regulator to market its Desoximetasone ointment, used for providing relief from inflammation and itching in a skin disease.

Indian Oil Corp sought up to 80,000t of 40ppm sulphur diesel for delivery in late December. 
Welspun India Ltd announced its foray into flooring solutions with an investment of Rs6bn to set up a manufacturing facility for carpets, area rugs and carpet tiles at Anjar in Kutch district of Gujarat.
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NTPC has decided to replace over 25-year-old power plants totaling 11GW capacity in the next five years at an investment of Rs 500 billion.