Friday, May 27, 2016

Live Stock Market Updates - Sensex jumps over 200 points; Nifty trades above 8,100 mark

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The BSE Mid-cap Index is trading up 0.61% at 11,260, whereas BSE Small-cap Index is trading up 0.59% at 11,113. Some buying activity is seen in pharma, oil and gas, realty, energy, basic materials, metal and banking sectors, while telecom is showing weakness on BSE. 


The BSE Mid-cap Index is trading up 0.61% at 11,260, whereas BSE Small-cap Index is trading up 0.59% at 11,113.

Sun Pharma, Lupin, SBI, Adani Ports, Hero MotoCorp, ONGC, RIL, Cipla, Infosys and M&M are among the gainers, whereas BHEL, HDFC, Bharti Airtel, ITC and NTPC are losing sheen on BSE.

Some buying activity is seen in pharma, oil and gas, realty, energy, basic materials, metal and banking sectors, while telecom is showing weakness on BSE.

The INDIA VIX is up 2.38% at 15.6900. Out of 1,775 stocks traded on the NSE, 430 declined, 936 advanced and 409 remained unchanged today. A total of 23 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 15 paise at 67.02/$ against US Dollar on Friday as against the previous close of 67.17/$. In Japan, Core CPI inflation contracted by 0.3% during April (yoy basis). Deflationary trend persists in the core component (excluding food and energy), signifying weakness in aggregate demand. The rupee opened higher on increased selling of the US currency by exporters and banks amid a higher opening in the domestic equity market.

Prime Minister Narendra Modi has indicated that further economic reforms are on the cards. The rally was led by capital goods, industrial, banking, realty, IT, power and metal stocks. L&T, Infosys and ITC contributed almost 50% to the rally in Nifty. On the weather front, there is no change in forecast and June 7 is the date for monsoon to lash the country.

The outlook is a positive start. Some follow-up buying could be there in the initial hour as the June series gets underway. Results on tap today include SBI, BHEL, IOC, IOB, Oil India, BEML, Canara Bank, Crompton Greaves and HPCL. The rupee could gain some strength.
 



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