Monday 22 May 2017

Live Stock Market Updates: Nifty below 9400; Tata Motors cautious ahead of earnings

The INDIA VIX is higher by close to 4.5% at 11.7. BSE Sensex is trading at 30410 down 160 points, while NSE Nifty is trading at 9392 down 45 points.

Tata Motors is trading higher by around 1.2% at Rs 455 per share. The stock is trading cautious ahead of its Q4 earnings announcement. The market expects fairly weak earnings as the company is said to be hit by the BS-III vehicle ban.

The Nifty Auto index is trading higher by 0.44% at 10384 levels. Maruti still holds the top position in the index trading higher by around 2.2% at Rs 6849 per share. The other auto stocks like Eicher Motors, M&M, Hero MotoCorp and Amara Raja Batteries are also trading in positive zon

There were 191 advances, 1419 declines and 340 unchanged stocks on NSE reflecting strong negative undertone in the market.

At 12 PM, the S&P BSE Sensex is trading at 30410 down 160 points, while NSE Nifty is trading at 9392 down 45 points. A total of 14 stocks registered a fresh 52-week high in trade today, while 79 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading down 1.66% at 14227, while BSE Small-cap Index is trading down 2.07% at 14742.

Some buying activity is seen in Information Technology and Auto while Oil & Gas, Energy, Finance, Telecom are showing weakness on BSE.

Maruti, Eicher Motors, Tech Mahindra, Tata Motors and Wipro are among the gainers, whereas Sun Pharma, Aurobindo Pharma, Cipla, GAIL, Lupin are losing sheen on NSE.

The INDIA VIX is higher by close to 4.5% at 11.7.

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