Key benchmark indices hovered in negative terrain in afternoon trade. The barometer index, the S&P BSE Sensex was currently down 62.89 points or 0.23% at 27,145.72. The market breadth indicating the overall health of the market turned negative from positive in afternoon trade. Most capital goods stocks declined. Metal & mining stocks were mixed.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 2,808.27 crore on Wednesday, 24 December 2014, as per provisional data.
In the global market, Asian markets were mostly higher today, 26 December 2014, with some of the key bourses closed for the Christmas holidays.
In the foreign exchange market, the rupee edged lower against the dollar.
Brent crude futures reversed intraday gains, but still holding above $60 a barrel today, 26 December 2014.
At 13:18 IST, the S&P BSE Sensex was down 62.89 points or 0.23% at 27,145.72. The index fell 110.76 points at the day's low of 27,097.85 in morning trade, its lowest level since 18 December 2014. The index jumped 162.02 points at the day's high of 27,370.63 at the onset of trading session.
The CNX Nifty was down 5.60 points or 0.07% at 8,168.50. The index hit a low of 8,147.95 in intraday trade, its lowest level since 18 December 2014. The index hit a high of 8,234.55 in intraday trade.
The BSE Mid-Cap index was up 19.99 points or 0.2% at 10,094.51. The BSE Small-Cap index was up 7.59 points or 0.07% at 10,900.52. Both theses indices outperformed the Sensex.
The market breadth indicating the overall health of the market turned negative from positive in afternoon trade. On BSE, 1,265 shares fell and 1,252 shares rose. A total of 112 shares were unchanged.
D B Realty jumped 6.91%. The company said during market hours that DB Woods, Goregaon (East), a development comprising 3 residential towers of 55 stories each and 630 flats, by a subsidiary Company of D B Realty, has received full occupation certificate. The project is the tallest residential development in Mumbai suburbs. The company is proud to report the handover of the development to its customers.
Most capital goods stocks declined. Bharat Heavy Electricals (Bhel) (down 0.43%), Thermax (down 1.95%), Punj Lloyd (down 1.34%), BEML (down 0.17%), Crompton Greaves (down 0.14%) and Siemens (down 0.72%) declined. L&T rose 0.51%.
Metal & mining stocks were mixed. Sesa Sterlite (up 0.34%), Bhushan Steel (up 1.32%), Jindal Steel & Power (up 0.55%) and JSW Steel (up 0.04%), edged higher. Tata Steel (down 0.71%), Hindustan Zinc (down 0.03%), NMDC (down 0.83%), Hindalco Industries (down 0.03%) and Steel Authority of India (Sail) (down 1.89%) edged lower.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 63.6425 compared with its close of 63.5250 during the previous trading session.
Brent crude futures reversed intraday gains, while still holding above $60 a barrel today, 26 December 2014. Brent for February settlement was down 1 cent at $60.23 barrel. The contract fell $1.45 a barrel to close at $60.24 a barrel during the previous trading session.
Asian markets were mostly higher today, 26 December 2014, with some of the key bourses closed for the Christmas holidays. Key benchmark indices in Japan, China, South Korea and Taiwan were up 0.06% to 2.77%. Key benchmark indices in Hong Kong and Indonesia were closed for holiday.
Singapore's Straits Times was down 0.08%. Singapore's manufacturing output fell in November as most major sectors dragged and a tepid rise in the production of electronics failed to offset the decline. Output fell 2.8% on year in November, according to preliminary figures released by the government on Friday. That compared with the revised 0.2% contraction in October. Preliminary October data released last month had shown a 0.2% on year rise.
Among slew of economic data in Japan, Japan's exports of cars, trucks and buses declined 11.5% on year in November for the fourth consecutive month, the Japan Automobile Manufacturers Association said Friday. Exports totaled 368,113 vehicles in November, down from 415,997 vehicles in the same month a year earlier, the association said.
Japanese industrial production unexpectedly fell 0.6% in November from the previous month, government data showed, in a sign that the economy is continuing to struggle from a slump triggered by a sales tax increase earlier in the year. Japanese retail sales rose 0.4% in November from a year earlier, the government said, a sign that household consumption may be starting to recover from a slump in the summer triggered by a sales tax increase in April. Japan's inflation rate continued its slide in November, dragged down to its lowest level in over a year by sharp drops in global oil prices and sagging consumer spending. The on-year growth in core consumer price index in November, stripping out volatile fresh-food prices and a tax increase impact, fell to 0.7% in November from 0.9% the previous month.
Trading in US index futures indicated that the Dow could gain 32 points at the opening bell today, 26 December 2014. US markets remained shut on account of Christmas holiday on Thursday, 25 December 2014.
US stocks closed flat in a short session on Wednesday, 24 December 2014, as investors found few reasons to push major indexes to their sixth straight day of gains. The S&P 500 erased earlier gains and closed down less than a point at 2,081.88 in the Christmas holiday-shortened session, ending its five-day winning streak. But the Dow Jones Industrial Average eked out a 6-point gain to 18,030.21, closing at a record level.
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