Equity benchmarks remained in consolidation mode. The Sensex rose 12.73 points
to 26140.93 and the Nifty declined 2.80 points to 7939.90. About 1412 shares
have advanced, 716 shares declined, and 159 shares are unchanged on the BSE.
10:45 am FPIs outflow: Foreign investors pulled out more than USD 1.5 billion
from the country's capital markets this month due to lacklustre quarterly
earnings and concerns over a possible rate hike by the US Federal Reserve. The
sell-off came after Foreign Portfolio Investor (FPI) inflow in the capital
markets (equity and debt) hit a seven-month high in October. As per the data
compiled by the depositories, net outflow in equities stood at Rs 6,616 crore
in November, while it was Rs 3,207 crore from debt, translating into a total of
Rs 9,823 crore (USD 1.5 billion). One day trading session is still left for the
month.
According to most of the
analysts and economists, there won’t be any action in RBI’s monetary policy
that is scheduled for tomorrow. The central bank is expected to maintain status
quo on the policy rate. Axis Bank, ICICI Bank, SBI are all up between 0.5-1.4%
each
The
automobile companies are set to release November sales numbers tomorrow.
Bajaj Auto, Hero Motocorp, M&M are up nearly 1%.
Tata Motors has accelerated
nearly 2%. Jaguar Land Rover has phased out its most-affordable sports utility
vehicle (SUV) offering in India, the Freelander 2, a little over 30 months
after launching it in the country.
Maruti
Suzuki, which aims to increase its annual sales to about 2 million units by
2020, will invest Rs 15,000 crore over the next five years in procuring land
for doubling its dealership network and expanding stockyard, warehouse and
transportation infrastructure. The stock has jumped 1.5%
YES Bank
has invoked 3.02% of United Breweries’ stake pledged by Vijay Mallya and valued
at Rs 770 crore for loans defaulted by the defunct Kingfisher Airlines. Yes
Bank is up 0.7% while United Breweries has slipped 1.5%
Pharmaceuticals
Export Promotion Council of India (Pharmexcil) has urged the central government
to work out medicines for oil barter arrangement with Venezuela. Sun pharma has
lost 1.3% while Dr. Reddy’s is up 0.6%.
Daily Updates about Sensex,Nifty helps traders to deal good in stock market.It is also good to take Stock Tips
ReplyDeletefrom share market experts.