Call-n-Trade : +91 22-6133 9800
(Press 1 & 1)
Customer Service : +91 22-6138 9389
All Services
  Pre Session
  Mid Session
  End Session
  Hot Pursuit
  Foreign Markets
  Other Markets
  Corporate Results
  Market Beat
  Economy News
  Analyst Poll
  Stock Alert
  Coprporate News
  Future Markets
  Quick Review
  Mutual Fund News
  IPO News
  Other Markets
  Home    Markets    Equity    News    Mid Session    Detailed News
Sensex, Nifty trade range-bound in positive zone
(12-Jan-2017  , 11:09 Hours IST)

A range-bound trading was witnessed as key benchmark indices hovered in positive zone in mid-morning trade. At 11:18 IST, the barometer index, the S&P BSE Sensex, was up 90.65 points or 0.33% at 27,231.06. The Nifty 50 index was up 21.55 points or 0.26% at 8,402.20. Market sentiment was positive bylarge amid mixed Asian cues and modest gains on the Wall Street overnight.

The BSE Mid-Cap index was up 0.01%. The BSE Small-Cap index was up 0.05%. Both these indices underperformed the Sensex.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 1,174 shares declined and 1,102 shares rose. A total of 147 shares were unchanged.

Telecom stocks witnessed mixed trend. Idea Cellular (down 1.81%), Bharti Airtel (down 0.28%) and Reliance Communications (down 0.15%) edged lower. Mahanagar Telephone Nigam (up 6.77%) and Tata Teleservices (Maharashtra) (up 0.5%) edged higher.

Bharti Infratel was up 1.56%. Bharti Infratel is a telecom tower arm of Bharti Airtel.

Cement stocks declined. Shree Cement (down 0.59%), Ambuja Cements (down 0.21%) and ACC (down 0.03%) edged lower. UltraTech Cement (up 0.5%) edged higher.

Grasim Industries was down 0.2%. Grasim has exposure to cement sector through its holding in UltraTech Cement.

Dewan Housing Finance Corporation rose 1.53% at Rs 268.55 after the company said that its board will meet on 16 January 2017 to consider raising funds by issuing preference shares. The announcement was made after market hours yesterday, 11 January 2017.

Atlanta advanced 1.97% at Rs 80.30 after the company said that it has been declared as a preferred bidder for six laning of a section of national highway in Gujarat. The total cost of the project is Rs 1292 crore. The company will form a special purpose vehicle (SPV) for the implementation of the project. The announcement was made after market hours yesterday, 11 January 2017.

Finance Minister Arun Jaitley, in his address on the second day of vibrant Gujarat Global Investors Summit yesterday, 11 January 2017, on demonetization, said that difficult decisions initially pass through difficult phases as historic decisions have temporary pain attached to them.

Stressing the implementation of the Goods and Services Tax (GST), Jaitley said that most of the issues have been resolved, few critical issues are left which will be resolved in the next few weeks. He further added that GST Council is deliberative democracy in action and the impact of both GST and demonetization will be felt this year.

Overseas, Asian stocks were mixed. US stocks registered modest gains yesterday, 11 January 2017, shrugging off a sharp decline in health care stocks following remarks made by President-elect Donald Trump.

Trump held his first press conference since winning the presidency yesterday, 11 January 2017, touching on many of the issues that will dominate the opening weeks of his presidency. Looming over the proceedings was a newly-published, and entirely unverified, dossier claiming the Russian government had collected compromising information on him.

The President-elect said Obamacare would be repealed and replaced “on the same day” and a Supreme Court justice would be chosen “within two weeks” of his inauguration. He also reaffirmed commitments to build a wall on the border with Mexico and said he would bring in a border tax for companies that chose to move operations offshore.

Powered by Capital Market - Live News

How We Help?
Delivery Based Trading
Intra Day Trading
Futures and Options
Applying IPO Online
Applying MF Online
NRI Services
Mutual Fund Distribution
Back office
Digital Contracts
Do’s and Don’ts
Daily Market Tracker
Market Analysis
Company Info
News Analysis
Corporate Announcement
Global Indices
Forthcoming Issues
Open Issues
Closed Issues
New Issue Monitor
New Listing
Basis of Allotment
Draft Prospectus
Best Performers
Know IPO's / FAQ's
Mutual Funds
MF Schemes
MF Trends
MF Buzz
MF Tools
Knowledge Center
Other Links
About Us
Contact Us
Trading Holidays
Investor Grievance
Rules & Regulations
Privacy Policy
Password Policy
Terms of Use
Rights & Obligations (Vernacular Language)
Criteria for Fit and Proper person
Other Links
© 2014 BOB CAPITAL MARKETS LTD. All rights reserved
SEBI Single Registration Certificate - INZ000159332
Designed, Developed and Content provided by C-MOTS Infotech (ISO 9001:2008 certified)
Site best viewed in IE 7.0+, Netscape 8.1 and Mozila Firefox 1.5+ at 1024 x 768 pixels resolution.
Compliance Officer: Shri. Pushkar Vartak / Phone : 022 – 6138 9321 / email :