Monday, November 27, 2017

Nifty hovers around 10,350 mark; Metal Index drops

Share indices came marginally off lows in mid-afternoon in afternoon session, ahead of expiry of November futures & options contracts and OPEC meeting on oil output cut later this week.



Share indices came marginally off lows, ahead of expiry of November futures & options contracts and OPEC meeting on oil output cut later this week.

On the economy front, S&P Global Ratings retained India's sovereign rating at BBB-, with a stable outlook, a week after Moody's Investors Service upgraded India's rating. Jul-Sep GDP data  will be released in this week.

Among BSE sectoral indices, metal index fell the most by 0.98%, followed by 0.57%, FMCG 0.54%, oil & gas 0.25% and energy 0.24%. On the other hand, realty index was up 1%, consumer durables and capital goods 0.68% and power 0.29%.

At 2:10 PM, BSE Sensex down 41 points to 33,638 and the NSE Nifty50 Index slipped 17 points to 10,373.

The broader markets were outperforming with the BSE MidCap Index up 0.27% and the BSE SmallCap Index up 0.53%.

NTPC, Axis Bank, UPL, ONGC and Infratel gained the most on Nifty50, while Hindalco, HPCL, IndusInd Bank, Adani Ports and Indosys were the top losers.

India VIX rose by 0.83% at 13.32 level.

Out of 1,995 stocks traded on the NSE, 939 advanced, 720 declined, and 336 remained unchanged today.

A total of 106 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.

Ramco Systems gets order from Saudi Arabia-based co. Stock spurts 3.5%.

Adani Enterprises stock down 2% after voting in Queensland state Election.

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