After extending intraday slide in early afternoon trade, key benchmark indices trimmed losses in afternoon trade. At 13:15 IST, the barometer index, the S&P BSE Sensex, was down 16.54 points or 0.07% at 24,756.43. The 50-unit Nifty 50 index was currently down 7.80 points or 0.1% at 7,529. The broad market depicted weakness. There were almost two losers against every gainer on BSE. 1,598 shares fell and 833 shares rose. A total of 171 shares were unchanged. The BSE Mid-Cap index was currently down 0.26%. The BSE Small-Cap index was currently down 0.57%. The decline in both these indices was higher than the Sensex's decline in percentage terms.
The Sensex fell 116.21 points or 0.46% at the day's low of 24,656.76 in early afternoon trade. The barometer index rose 139.67 points, or 0.56% at the day's high of 24,912.64 in early trade. The Nifty fell 34 points or 0.45% at the day's low of 7,502.80 in mid-morning trade. The index rose 29.70 points or 0.39% at the day's high of 7,566.50 in early trade.
In overseas stock markets, Chinese stocks led decline in Asian equities amid worries about slowing growth in China's economy. In mainland China, the Shanghai Composite index ended 3.55% lower. In Hong Kong, the Hang Seng index was currently off 1.33%. The latest data showed new yuan loans in December were well below the previous month's lending and broad M2 money supply growth also slowed.
US stock index futures pointed at losses for US stocks later in the global day. Trading in US index futures indicated that the Dow Jones Industrial Average could fall 112.50 points at the opening bell today, 15 January 2016. US stocks surged yesterday, 14 January 2016, as a rebound in oil prices allowed the main indexes to claw back much of the steep fall seen in the previous session.
Telecom stocks declined. Bharti Airtel (down 1%), Idea Cellular (down 1.26%), Reliance Communications (down 0.32%), Mahanagar Telephone Nigam (down 2.76%) and Tata Teleservices (Maharashtra) (down 0.97%) edged lower.
Shares of state-run oil marketing companies (PSU OMCs) edged higher. BPCL (up 2.74%), HPCL (up 1.79%) and Indian Oil Corporation (up 0.23%) gained.
Shares of oil exploration and production (E&P) firms were mixed. Reliance Industries (up 2.51%) and Cairn India (up 0.44%) edged higher. ONGC (down 1.47%) and Oil India (down 1.11%) edged lower.
More From This Section
In the global commodities markets, Brent for March settlement was currently off 51 cents at $30.37 a barrel. The contract had risen 60 cents or 1.98% to settle at $30.88 a barrel during the previous trading session.
Cyient fell 2.01% at Rs 458.85, with the stock extending previous trading session's decline triggered by the company reporting weak Q3 December 2015 results. The stock had declined 3.98% to settle at Rs 468.25 yesterday, 14 January 2016.
Powered by Capital Market - Live News