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.

Expect Nifty to Open Gap Down at 8953

Dynamic Levels' Market Outlook:  

Nifty to open a tad lower, ECB's Mario Draghi disappoints markets  

Indian Market Outlook: 

India's benchmark Nifty is expected to open gap down despite strong closing yesterday at 8975. ECB  President Mario Draghi has failed to match the expectations of the market, however the overall trend of the market is a buy, but marginal correction on the downside can set in. Nifty's support lies is at 8850 thus markets can retest to those levels. Yes Bank had to defer its QIP yesterday as the stock was down by over 5 percent and went below the QIP price. Nifty was supported yesterday by PSU banks and Auto shares, while IT and private sectors banks were a drag.

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Nifty Small Cap Index traded at all time high with good overall participation. FIIs have been buyers yesterday and over the past few months, highlighting India's strong fundamental story.  

Nifty Futures is expected to open at 8953 as per SGX Nifty at 8:50 am IST, which is below its previous close of 8976.

Today's Intraday Trading Tips On Mobile

Sensex, Nifty open flat as assembly elections counting underway

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• The market has opened lower as counting continues for Assembly elections in five states. 
• The Sensex is down 42.46 points or 0.2 percent at 25662.15, and the Nifty down 18.45 points or 0.2 points at 7851.70. About 311 shares have advanced, 169 shares declined, and 38 shares are unchanged.
• Lupin, Tata Motors, Dr Reddy's, NTPC and Sun Pharma are top gainers while ONGC, Asian Paints, Maruti, HDFC and SBI are losers in the Sensex.
• First Trade: Nifty Bank 16699.90 -0.17%: BSE Bank Index 19019.92 -0.20%
• First Trade: Nifty Midcap 100 13210.30 +0.09%: BSE Small Cap 11178.95 +0.09%
• First Trade: Nifty 7854.70 -0.20%: Sensex 25711.76 +0.03%
• Rupee At Over 2-mth Low: Dollar-Rupee 67.1900 +0.2200
• Election results from the five states that have begun counting today won't greatly impact the big picture policy, says Gautam Chhaochharia of UBS.

Today's Intraday Stock Market Update

The market has opened lower Friday. The Sensex is down 59.70 points or 0.2 percent at 25730.52, and the Nifty is down 35.30 points or 0.4 percent at 7865.10. About 247 shares have advanced, 292 shares declined, and 46 shares are unchanged. For More Information Visit

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    Tata Motors, Wipro, Bajaj Auto, Asian Paints and HUL are top gainers while Dr Reddy's Labs, Tata Steel, BHEL, NTPC and L&T are losers in the Sensex.

      The Indian rupee slipped in the early trade. It has opened lower by 16 paise at 66.78 per dollar against previous close of 66.62.

      Ashutosh Raina of HDFC Bank said, "The global risk-off coupled with weak IIP and CPI numbers are expected to weigh on Indian markets."      The dollar gained against the yen after Japan's Central Bank governor said there was more room to ease monetary policy if needed.        Yen fell to a two week low pressured by speculation that the Bank Of Japan could expand its monetary stimulus as soon as next month.

Rs. 65K cr wiped out from Sensex firms in 1st week of May

The stock market barometer, BSE Sensex, declined 1.47% for the week ended May 6, 2016. It had risen 1.04% in April 2016. Currently, the total Mcap of Sensex heavyweights stands at Rs. 42,66,693.87 crore, which is 44.55% of total market cap of all BSE-listed firms (Rs. 95,75,595 crore).
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Amidst an apparently weakening post budget rally due to weak overseas cues and subdued corporate earnings for Q4 FY16, the Sensex firms have lost Rs. 65,448.20 crore to their market capitalization (Mcap) in the first week of May.
         The stock market barometer, BSE Sensex, declined 1.47% for the week ended May 6, 2016. It had risen 1.04% in April 2016. Currently, the total Mcap of Sensex heavyweights stands at Rs. 42,66,693.87 crore, which is 44.55% of total market cap of all BSE-listed firms (Rs. 95,75,595 crore).
       Firms like RIL, Infosys and TCS have seen their mcap eroding despite impressive Q4 numbers. Despite a record Q4 performance, the Mukesh Ambani-led Reliance Industries saw its Mcap plummeting by Rs. 6,953.91 crore in first trading week of the current month. With the total mcap standing at Rs. 3,11,429.15 crore, RIL is the second largest firm on BSE in terms of Mcap.

           In May so far, total 23 Sensex firms saw seen their mcap nosediving. Among the losers, ICICI Bank, APSEZ and ONGC have seen their Mcap eroding by Rs. 10,720.55 crore, Rs. 9,003.22 crore and Rs. 8,213.27 crore respectively.

        Despite dominated by increasing volatility in the wake of poor overseas cues, Indian equity markets witnessed renewed buying by the mutual funds. The MFs pumped in Rs. 240.90 crore in equities as of May 4, as per the Sebi data. However, they off-load to the tune of Rs. 791 crore in debt segment. However, the foreign institutional investors were found booking profits as their net outflows stood at Rs. 773.62 crore in the first week of May.