Live Stock Market Updates - Sensex slips over 150 points

The Indian stock market fluctuated between gains and losses as a selloff in drug makers was countered by rally in FMCG companies. The domestic market has opened in green. 

Sensex Slips Over 150 points

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At 12:41 PM, the S&P BSE Sensex is trading at 27,349 down 80 points, while NSE Nifty is trading at 8,486 up mere two points.  

The BSE Mid-cap Index is trading down 0.85% at 12,903 whereas BSE Small-cap Index is trading down 1.75% at 12,937.  

ITC, HUL, Adani Ports, Cipla, GAIL and ICICI Bank are among the gainers, whereas Sun Pharmaceuticals, Dr Reddy's, Lupin, L&T and Maruti Suzuki are losing sheen on NSE.  

Some buying activity is seen in FMCG, private banking, media and metal sectors, while pharma, auto, banking, IT and realty sectors are showing weakness on NSE.  

The INDIA VIX is 2.90% at 16.9425. Out of 1,897 stocks traded on the NSE, 1,387 declined, 663 advanced and 397 remained unchanged today.  

A total of 25 stocks registered a fresh 52-week high in trade today, while 30 stocks touched a new 52-week low on the NSE.  

Shares of the FMCG stocks rallied after the GST council decided on a four tier tax rate structure. The tax rate slabs have been fixed at 5%, 12%, 18% and 28%, Finance Minister Arun Jaitley said in a press conference in New Delhi. ITC Ltd is currently trading at Rs 250.85, up by Rs 10.5 or 4.37% from its previous closing of Rs 240.35 on the BSE.

60-Minute 'Muhurat Trading' on NSE this Diwali

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Leading bourses BSE and NSE will conduct special 'Muhurat' trading session on Diwali on 30 October. The 'Muhurat' trading, which is conducted on the auspicious occasion of Diwali, would be held between 1830 hrs and 1930 hrs, the stock exchanges said in separate circulars.  

Highlights: 

Muhurat Trading Session on Account of Diwali Laxmi Pujan for Equity Segment on Sunday, 3 October: 

• Pre-Open Session: 6:15 PM -6.30 PM 
• Continuous Trading : 6.30 PM - 7.30 PM 
• Post Closing: 7.40 PM - 7.50 PM

BSE would conduct the special session in equity derivatives, currency derivatives, equity and SLB segment while NSE would conduct the same in currency derivatives, futures and options and capital market segment. 

"... a special live trading session shall be held on Sunday, 30 October, 2016 on account of Muhurat trading on Diwali," NSE said.

India Stock Market News

Most Asia markets head higher, but Nikkei wavers between gains and losses  

Most Asia markets traded higher on Tuesday, while Japanese shares wavered amid a muted reaction to
better-than-expected economic data. The benchmark Nikkei 225 traded flat at 16,735.78, while the Topix was up 0.03 percent, with the indexes wavering modestly between positive and negative. 

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Data released before the market opened showed Japan's household spending fell 0.5 percent on-year in July, narrower than a Reuters poll forecast for a 0.9 percent decline. Japan's retail sales slipped 0.2 percent on-year in July, a narrower decline than a median market forecast for a 0.9 percent drop, according to Reuters.  

The better-than-expected read, however, did not convince some analysts who believed a combination of persistently low wage and output growth would likely weigh on spending decisions of Japanese households in the near future. Japan's seasonally adjusted unemployment rate for July came in at 3.0 percent, a touch lower than June's 3.1 percent and the lowest since 1995.