Live Stock Market Updates – Sensex slips over 100 points

Some buying activity is seen in telecom, IT and teck sector, while energy,metal, FMCG, oil &gas, utilities and power are showing weakness on BSE. The INDIA VIX is up 3.18% at 16.9025.

At 10:37 AM, the S&P BSE Sensex is trading at 25,708 down 130 points, while NSE Nifty is trading at 7,861 down 37 points.The BSE Mid-cap Index is trading down 0.07% at 11,011, whereas BSE Small-cap Index is trading down 0.13% at 11,065.

Bharti Airtel, Bajaj-Auto, TCS, SBI, Adani Ports, L&T,  Infosys and ICICI Bank are among the gainers, whereas NTPC, RIL, Tata Steel, Sun Pharma, HDFC, BHEL, Lupin and Asian Paints are losing sheen on BSE. Some buying activity is seen in telecom, IT and teck sector, while energy,metal, FMCG, oil &gas, utilities and power are showing weakness on BSE.

The INDIA VIX is up 3.18% at 16.9025. Out of 1,808 stocks traded on the NSE, 817 declined, 624 advanced and 367 remained unchanged today.A total of 15 stocks registered a fresh 52-week high in trades today, while 13 stocks touched a new 52-week low on the NSE.

The Indian rupee opened lower by 17 paise at 66.65/$ against US Dollar on Monday as against the previous close of 66.48/$. Indian rupee is expected to lose ground, as weakness is setting in various Asian market currencies. Yen has moved back towards 111 compared with the level of 108 during last week. Chinese Yuan has also weakened, with values now above 7.5 levels in the offshore market. Indian rupee has also depreciated to 66.7 in the overseas NDF market. The domestic unit will remain under pressure due to month‐ end demand for the greenback from the importers.

Reliance Industries Ltd stock was lower by 2% at Rs. 1019 after the company posted Q4 results.The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 73980 mn for the Quarter ended March 31, 2016 as compared to Rs. 63810 million for the Quarter ended March 31, 2015.

M&M Financial Services Ltd stock was higher by 5% at Rs.289 after the company posted Q4 results.The Group has posted a net profit after taxes and minority interest of Rs. 4113.267 mn for the Quarter ended March 31, 2016 as compared to Rs. 3672.551 mn for the Quarter ended March 31, 2015.

Amtek Auto soared 6.3% to Rs.41.85 on BSE. The company experienced a spurt in volumes by more than 2.98 times. Kalpataru Power Transmission Ltd jumped 3.8% to Rs.221 on BSE. The company received new orders in excess of Rs.1,150 crore.

Persistent Systems Ltd stock was down by 2% at Rs. 728. The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 808.07 million for the Quarter ended March 31, 2016 as compared to Rs. 760.50 mn for the Quarter ended March 31, 2015.

Cairn India Ltd stock was down by 3% at Rs.147. Cairn India Ltd has slashed its capital expenditure for FY17 by one-third to US$100 million (Rs. 660 crore), reports a business daily. In an investor presentation post announcing FY16 earnings, Cairn India said that for FY17, a capex of US$100 million is planned.


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