Sensex, Nifty volatile; FMCG, Auto drag

India Infoline News Service | Mumbai | December 07, 2015 11:31 IST

The BSE Mid-cap Index is trading up 0.08% at 10,944, whereas BSE Small-cap Index is trading up 0.44% at 11,608. The India VIX (Volatility) index rose nearly 1% to 16.2525. Out of 1,749 stocks traded on the NSE, 421 declined and 992 advanced today.

Bombay Stock Exchange Building
At 11:28 AM, the S&P BSE Sensex is trading at 25,609 down 29 points, while NSE Nifty is trading at 7,785 up mere three points.

The BSE Mid-cap Index is trading up 0.08% at 10,944, whereas BSE Small-cap Index is trading up 0.44% at 11,608.

Some buying activity is seen in consumer durable, pharma, banking and capital goods sectors, while FMCG, auto and energy sectors are showing weakness on BSE.

Tata Steel, Hindalco, Sun Phrama, Hero MotoCorp, Vedanta, Infosys and Cipla are among the gainers, whereas ITC, NTPC, ONGC,  M&M and Dr. Reddy's are losing sheen on BSE.

The India VIX (Volatility) index rose nearly 1% to 16.2525.

Out of 1,749 stocks traded on the NSE, 421 declined and 992 advanced today. A total of 46 stocks registered a fresh 52-week high in trades today, while 5 stocks touched a new 52-week low on the NSE.

The Indian rupee opened at 66.70/$ in early trade on Monday. A US rate hike could potentially lead to massive amounts of pullback of foreign funds from emerging economies like India.  Fed Forward rate curves are now suggesting 79% probability of 25 basis points move on the rates. The volatility will increase as we move towards December 16th Fed policy meeting.

Shares of Kridhan Infra were trading higher 3.8% at Rs. 94.20 on BSE today. Around 6 lakh shares were traded in a single block at Rs. 91.25 on the BSE. 

Sharp India has hits 20% upper limit to Rs. 49.80 on BSE.

Sadbhav Infra has gained 3.8% to Rs.105.70 on BSE. The company has received Provisional Completion Certificate for 100% project and start of toll collection in Shreenathji - Udaipur Tollway Private Ltd.
 

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