At 10:30 AM, the S&P BSE Sensex is trading at 25,799 down 43 points, while NSE Nifty is trading at 7,828 down 15 points.The BSE Mid-cap Index is trading up 0.36% at 10,804, whereas BSE Small-cap Index is trading up 0.26% at 11,307.GAIL, Wipro, M&M, Dr. Reddy’s Lab, Hero MotoCorp, Maruti Suzuki and Bajaj-Auto are among the gainers, whereas Sun Pharma, Bharti Airtel, ITC, ICICI Bank, Lupin and RIL are losing sheen on BSE.Some buying activity is seen in oil & gas, auto, consumer durable, IT and metal sectors, while banking, pharma and FMCG sectors are showing weakness on BSE.The INDIA VIX was down 1.13% at 15.66. Out of 1,747 stocks traded on the NSE, 526 declined and 871 advanced today.

The Indian rupee opened higher by 8 paise at 66.10/$ in early trade on Friday. On the global front, US dollar index retraced below 99 levels at one point of time during yesterday’s trading session. However at the current juncture, it is regaining momentum as investors remain convinced about US Federal Reserve hiking interest rates in December. Federal forward rates curve now suggesting 72% probability of 25 basis points move on the rates. In the latest, minutes of the recent US FOMC meeting indicated that most of the members of Federal Reserve concur on the decision to hike interest rates in December. US dollar is expected to extend the northward journey, as divergent scenario seems to be emerging, wherein Fed is turning out to be a bit hawkish, while ECB is contemplating at a prolonged accommodative stance. This entails flight of capital to a safer and high yielding currency like greenback.

Courtesy: http://www.indiainfoline.com/

Save