Live Stock Market Updates

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Live Stock Market Updates - Sensex rallies over
350 points
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The BSE Mid-cap Index is trading up 2 at 12,976
whereas BSE Small-cap Index is trading up 2.58
at 13,025. Out of 1,852 stocks traded on the NSE,
158 declined, 1,362 advanced and 368 remained
unchanged today.the SP BSE Sensex is trading at
27,624, up 371 points, while NSE Nifty is trading
at 8,545 up 114 points. The BSE Mid-cap Index is
trading up 2 at 12,976 whereas BSE Small-cap
Index is trading up 2.58 at 13,025.
Stock Market daily Updates
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Tata Steel, Cipla, SBI, Bharti Airtel and Sun
Pharma are among the gainers, whereas Infosys,
Godrej Properties, Redington and Prestige estates
are losing sheen on BSE. All the BSE sectoral
indices were trading in the positive territory.
Some buying activity is seen in metal, telecom,
auto, banking, basic materials and pharma
sectors. The INDIA VIX is down 10.28 at
14.9100. Out 852 stocks traded on the NSE, 158
declined, 1,362 advanced and 368 remained
unchanged today.
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A total of 18 stocks registered a fresh 52-week
high in trade today, while four stocks touched a
new 52-week low on the NSE.The rupee opened lower
at 66.39/ as against the previous close of
66.42/. Asian markets opened deep in the green
as oversold indices saw short covering coupled
with fresh buying as the Dow Jones index touched
new highs. This after huge intraday swings with
US futures hitting lows of -800 points at one
time. Bond yields on the US 10 year paper hit
over 2 as optimism on growth with infra spending
rising saw the yields near 9 month highs.
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The markets have been roiled for some time ever
since the chances of a Trump victory surfaced
though major bets remained on Hillary who
eventually had to concede defeat. For now,
Trumps acceptance speech suggests he has indeed
left the campaign trumpisms aside and is set to
usher in a new world order. The US markets may
not have saluted his victory on Wednesday but he
is known to be a friend of Wall Street.
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Bonds and Gold which saw some smart up move
failed to maintain their gains. Banks in India
are stepping up activity to help cope with
disruption caused by the withdrawal of Rs 500 and
Rs 100 currency notes. While a lot of people are
finding ways and means to change their high value
notes, expectations are that earnings recovery
could be pushed a few quarters further.
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