Live Stock Market Updates – Sensex, Nifty languish in red -

The INDIA VIX is up 1.68% at 16.7900. Out of 1,796 stocks traded on the NSE, 647 declined, 759 advanced and 390 remained unchanged today. - 

At 10:28 AM, the S&P BSE Sensex is trading at 25,858 down 23 points, while NSE Nifty is trading at 7,902 down mere nine points. 

The BSE Mid-cap Index is trading up 0.22% at 11,033, whereas BSE Small-cap Index is trading up 0.14% at 11,093.

Bajaj-Auto, Tata Steel,Maruti Suzuki, Adani Ports, ONGC, Tata Motors, Hero MotoCorp and L&T are among the gainers, whereas Asian Paints, BHEL, Sun Pharma, Infosys, Bharti Airtel, Wipro and ICICI Bank are losing sheen on BSE.

Some buying activity is seen in metal, realty, oil and gas, energy and utilities sector, while consumer durables, banking, pharma, telecom, IT and FMCG are showing weakness on BSE. 

The INDIA VIX is up 1.68% at 16.7900. Out of 1,796 stocks traded on the NSE, 647 declined, 759 advanced and 390 remained unchanged today.

A total of 14 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.

The Indian rupee slipped for the second consecutive session, opened lower by 11 paise at 66.50/$ ageinst US Dollar on Friday as against the previous close of 66.39/$. On the US economic front, weekly jobless claims fell to the lowest level since 1973 while an index of factory conditions sank back into contraction in April. Meanwhile, the Conference Board’s leading economic index rose 0.2% to 123.4 following a 0.1% drop in February.

US stock indices slipped on Thursday after rising for the previous three sessions, as investors examined a slew of mixed earnings and crude oil prices softened. Declines in defensive sectors such as Consumer Staples, Telecom and Utilities weighed on the main indexes. The Dow dropped 0.6%, S&P 500 declined 0.5% and Nasdaq closed flat.

Bhushan Steel soared 7.8% to Rs.43.55 on BSE. The company have classified their loans as bad, or as a non-performing asset (NPA) in January-March quarter, reports a business daily. Bhushan Steel has a debt burden of more than Rs. 40,000 crore.

Tata Steel gained 1.7% to Rs.359.70 on BSE. The UK government is reportedly planning to acquire a minority stake of as much as 25% in Tata Steel's UK business to support the sale. This move comes on the actions taken by the UK government to salvage thousands of jobs after Tata Steel put its entire UK operations on the block, says report. 

Cyient slipped 5.6% to Rs.454.90 on BSE. The company net profit dropped 24% to Rs. 66 crore in Q4 FY16 as compared to Rs. 86.84 crore in Q3. The company registered a total income of Rs.815.8 crore as against Rs.781.8 crore qoq. Cyient had a one-time loss of Rs.8.7 crore.

RPP Infra Projects surged 3% to Rs.150 on BSE. The company has entered into a consortium agreement with Siemens for submitting a joint bid to Power Grid Company of Bangladesh to install substations.

Sanghi Industries climbed 6.2% to Rs.71.50 on BSE. Piramal Enterprises has invested Rs. 256 crore in Sanghi Industries, a Kutch-based cement company with production capacity of 4.1 million tonnes a year (mtpa).  The investment made through non-convertible debentures (NCD) would enable Sanghi to repay some of its debt ahead of schedule and save on interest outgo, reports a business daily.

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