Nifty slips below 10,150; Infosys, Tata Motors up 2%


Equity tips:-
  • Indian equity benchmarks moved higher led by gains in Infosys. However, the market gave up early gains as Reliance Industries, L&T and Sun Pharma came under selling pressure.  
  • At 10:06 AM, BSE Sensex was up 44 points to 32,872 and the NSE Nifty50 Index up by 7 points to 10,129.  
  • The BSE Mid-cap Index and BSE Small-cap Index are trading lower at 16,688 and 17,918 respectively.  
  • Some buying was seen in IT and Tele Communications, while power, capital goods, utilities, FMCG, banking and consumer durables showed weakness on the BSE.  
  • Infosys, Tata Motors, Indiabulls HF, ONGC and Bharti Airtel gained the most on Nifty50.  
  • Adani Ports, HPCL, Wipro, Bajaj Finance and Sun Pharma were the top losers.  
  • India VIX rises by 2.60% at 15.18 level.  
  • Out of 1,989 stocks traded on the NSE, 623 advanced, 915 declined, and 451 remained unchanged today.  
  • A total of 35 stocks registered a fresh 52-week high in trade today, while nine stocks touched a new 52-week low on the NSE.  
  • Meanwhile, the Indian rupee opened little changed against the US dollar ahead of the key Reserve Bank of India’s monetary policy review.  
  • Among stocks, Biocon surged 10% as the USFDA approved Mylan and Biocon's Ogivri, the first biosimilar for Trastuzumab, for the Treatment of HER2-Positive breast and gastric cancers.  
  • Shares of Dr. Reddy's Laboratories rose over 1% after the US FDA cleared the company's pharmaceutical services facility at Miyapur near Hyderabad.  
  • Shares of Infosys gained 3% after the company on Saturday appointed Salil S. Parekh as the chief executive officer and the managing director of the company, starting Jan 2.

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