The market is likely to open lower as trading resumes after a long weekend as India’s stock market had remained closed on Friday, 25 September 2015, on account of Bakri Id. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 38 points at the opening bell.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 115.10 crore on Thursday, 24 September 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 50.67 crore on Thursday, 24 September 2015, as per provisional data.
Amid a divergent trend among various index constituents, the barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty clocked small gains on Thursday, 24 September 2015. The Sensex rose 40.51 points or 0.16% to settle at 25,863.50, its highest closing level since 21 September 2015.
Key benchmark indices gyrated between positive and negative zone in early trade as trading resumed after a long weekend as India’s stock market had remained closed on Friday, 25 September 2015, on account of Bakri Id. At 9:24 IST, the barometer index, the S&P BSE Sensex, was up 17.95 points or 0.07% at 25,881.45. The 50-unit CNX Nifty was up 4.95 points or 0.06% at 7,873.45.
The market breadth indicating the overall health of the market was strong. On BSE, 867 shares rose and 384 shares fell. A total of 51 shares were unchanged. The BSE Mid-Cap index was up 0.4%. The BSE Small-Cap index was up 0.51%. Both these indices outperformed the Sensex.
Adani Ports and Special Economic Zone (APSEZ) replaces NMDC as a constituent in the 50-unit CNX Nifty index with effect from today, 28 September 2015.
TCS, Lupin, SBI, Cipla, HDFC Bank, Tech Mahindra, Idea Cellular and Adani Ports gained 1-2 percent. However, Tata Motors, Sun Pharma, Wipro, UltraTech Cement and Cairn India fell 1-2 percent.
The Indian rupee has opened marginally higher by 5 paise at 66.11 per dollar today against 66.16 Thursday.
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