Sensex, Nifty erase opening gains; ONGC up 2%


Equity tips:-

  • Domestic benchmark indices opened higher led by a rise in shares of automobile, metal and infrastructure companies.
     
  • At 9:50 AM, the BSE Sensex was trading at 33,798, down 14 points, while the Nifty50 was ruling at 10,441, up 6 points.
     
  • Bajaj Auto's total sales in December increased to 2.92 lakh units in last month of passing year, from 2.25 lakh units sold in year-ago. Stock rose 1%.
     
  • Shares of Oil and Natural Gas Corp were up 2%, the leading gainer on the Nifty50, on reports that the company has made a significant oil and gas discovery to the west of its prime Mumbai High fields in the Arabian Sea.
     
  • Shares of Prestige Estates Projects rebounded from two consecutive sessions of losses and climbed nearly 4% after the company said its board has approved buying out Singapore-based CapitaLand Ltd's stake in various retail joint ventures for Rs342cr.
     
  • The Nifty Auto index was up 0.6%, rebounding from near-1% losses on Monday, due to over 1% gains in shares of Mahindra & Mahindra and Tata Motors.
     
  • Shares of metal and infrastructure companies were also firm in early trade, backed by the 6.8% growth in the index of eight core industries in November, the highest growth rate in over a year.
     
  • The Nifty Metal index climbed 0.6%, while the Nifty Infrastructure index was 0.7% higher.
     
  • All Nifty sectoral and thematic indices were 0.3-0.8% higher in early trade.

     
  • The BSE Mid-cap and BSE Small-cap indices were down 0.34% and 0.30%, respectively.
     
  • Volatility index India VIX rose 1.64%
     
  • ONGC (+1.7%), HCL Tech (+1%), Bajaj Auto (+1.05%), M&M (+1.04%) and NTPC (+0.91%) were the top gainers on Nifty50.
     
  • Eicher (-2.5%), Indiabulls HF (-1.3%), HPCL (-1.2%), BPCL (-1.2%) and SBI (-1.1%) were the top losers in today’s trade.
     
  • Out of 1,993 stocks traded on the NSE, 661 advanced, 917 declined and 415 remained unchanged today.
     
  • A total of 59 stocks registered a fresh 52-week high in trade today, while one stocks touched a new 52-week low on the NSE.
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