Live Stock Market Updates – Weak end to April F&O Expiry: Nifty shuts below 7850-mark

The BSE Sensex ended with a loss of 461 points at 25,603. The BSE Sensex opened at 26,078 touched an intra-day high of 26,100.54 and low of 25,561.

The NSE Nifty closed with a loss of 133 points at 7,847. The NSE Nifty opened at 7,967 hitting a high of 7,992 and low of 7,832.

The India VIX (Volatility) index was up 1.49% at 16.5975. The BSE Midcap and Smallcap indices ended 1% lower.

Live market:

At 3:06 PM, the S&P BSE Sensex is trading at 25,614 down 450 points, while NSE Nifty is trading at 7,849 down 130 points.

The BSE Mid-cap Index is trading down 0.79% at 11,060, whereas BSE Small-cap Index is trading down 1.03% at 11,027.

Bharti Airtel, TCS, Lupin, Tata Steel, HDFC Bank and Cipla are among the gainers, whereas BHEL, M&M, Infosys, ITC, HDFC, Tata Motors, Adani Ports and HUL are losing sheen on BSE.

Some buying activity is seen in realty and telecom sectors, while auto, FMCG, industrial, oil and gas, capital goods, consumer durables, utilities, banking and pharma showing weakness on BSE.

The INDIA VIX is down 0.21% at 16.31755. Out of 1,803 stocks traded on the NSE,1,013 declined, 502 advanced and 288 remained unchanged today.

A total of 24 stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE.

The Indian rupee opened higher by 5 paise at 66.54/$ against US Dollar on Thursday as against the previous close of 66.44/$. On the global front, Fed decided to maintain status quo on the interest rates, indicating that the process of policy normalization will be a gradual one. The centralbank also mentioned that it will monitor inflation parameters and global developments before taking a call on the interest rate trajectory. On economic front, Fed elaborated that although labour markets have witnessed improvement, household spending has moderated. Fed once again did not throw light on how it perceives the balance of risks to the economic outlook. Overall, the policy stance is inferred to be dovish and as a result US dollar is losing ground.

Meanwhile, Yen is witnessing strong appreciation, as BOJ at its policy meeting has decided to keep the interest rates unchanged in negative zone and also maintained the bond buying programme at 80 trillion Yen. This is surprising, as investors had earlier priced in a strong probability of BOJ unleashing more monetary stimulus. The economy is struggling from abysmally low growth and the need of the hour is more aid from the central bank. At the current juncture, Yen is trading at 109.3 levels, a strong recovery from the low of 111.88 registered just minutes before the announcement of the monetary policy.

Jindal Drilling & Industries rallied 14.5% to Rs.188. The company experienced a spurt in volumes by more than 15.19 times.

Elecon Engineering Ltd stock was lower by 5% at Rs. 62.The company’s consolidated revenue stood at Rs. 414.69 crore, down 10.63% yoy but up 25.53% qoq.

Gati Ltd stock was up by 3% at Rs.122. The company posted a net profit of Rs. 155.40 million for the Quarter ended March 31, 2016 as compared to Rs. 113.40 million for the Quarter ended March 31, 2015.

Suzlon Ltd stock was higher by 5% at Rs. 15. The company said it will merge its subsidiaries SE Blades Ltd, SE Electricals Ltd and Suzlon Wind International Ltd with itself.

Indiabulls Real Estate Ltd jumped 8.2% to Rs.62. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 589.108 million for the Quarter ended March 31, 2016 as compared to Rs. 931.301 million for the quarter ended March 31, 2015.

Bharti Airtel gained 1.6% to Rs.379 on BSE. The company reported consolidated net profit of Rs.1,290.30 crore for the quarter ended March 31, 2016, registering growth of 2.79% yoy and 15.53% qoq.

source indiainfoline

Leave a Reply