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Realty, auto stocks trade mixed

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Key benchmark indices hovered within a narrow range in positive terrain in afternoon trade. At 13:20 IST, the barometer index, the S&P Sensex, was up 91.43 points or 0.35% at 26,485.44. The gains for the 50 index were higher in percentage terms than those for the Sensex. The was currently up 34.30 points or 0.42% at 8,176.45. Gains in most Asian stocks boosted sentiment on domestic bourses.

The broad market depicted strength. There were two gainers against every loser on BSE. 1,562 shares rose and 781 shares declined. A total of 185 shares were unchanged. The Mid-Cap index was currently up 0.58%. The Small-Cap index was currently up 0.91%. Both these indices outperformed the Sensex.

Realty stocks were mixed. Indiabulls Real Estate (down 1.29%), Phoenix Mills (down 1.49%), Oberoi Realty (down 0.07%), and DLF (down 0.7%) edged lower. Sobha (up 0.1%), Unitech (up 2.22%), and Omaxe (up 0.25%) gained.

Auto stocks were also mixed. Maruti Suzuki India (up 1.73%), (up 0.76%), Hero MotoCorp (up 0.28%), Tata Motors (up 0.58%) and TVS Motor Company (up 2.06%) gained. Mahindra & Mahindra (M&M) (down 0.09%), Ashok Leyland (down 0.69%), and Eicher Motors (down 0.48%) declined.

Yes Bank rose 0.3% after the bank announced the launch of SIMsePAY, a unique innovation that allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smart phones or internet. The offering is based on a frugal sim-sleeve technology in association with Taisys Technologies, who holds global patent for the same and has implemented the same successfully in other countries inclusing Kenya and China.

The bank plans to garner a base of 5 lakh SIMsePAY by 2017. The bank has launched the services with the District Co-operative Bank, Dehradun and subsequently plans to launch it across the country. The announcement was made during market hours today, 30 November 2016.

Max Ventures and Industries jumped 6.28% to Rs 53.10 in the wake of recent rejig in the company's shareholding via bulk deal mechanism on the stock exchanges. Xenox sold 17.78 lakh shares of the company to Siva Enterprises at Rs 50.50 per share in a block deal on the NSE on 29 November 2016. Xenox held 5.27% stake in MVIL end September 2016. Meanwhile, Ambika Anil Raika bought 2.7 lakh shares of the company at Rs 51.03 per share in a bulk deal on the NSE on 28 November 2016.

Among macro economic data, India's gross domestic product (GDP) for the quarter ended September 2016 (Q2) is slated to be released today, 30 November 2016. India's GDP growth rate slowed to 7.1% in Q1 June 2016 from 7.9% expansion in Q4 March 2016. Also India's infrastructure output for October 2016 will be released today, 30 November 2016. Infrastructure output in India went up 5% year-on-year in September, following a 3.2% growth in August.

Overseas, most Asian stocks were trading higher ahead of key global events set to take place this week, including a meeting today, 30 November 2016 between the world's largest oil producers and the release of the US nonfarm payroll report on Friday, 2 December 2016.

US stocks closed higher yesterday, 29 November 2016 with the Nasdaq touching a record, but the market failed to make much headway as oil futures slumped ahead of a key meeting of major crude producers. Organization of the Petroleum Exporting Countries (OPEC) are set to meet in Vienna, Austria today, 30 November 2016 and marketmen are awaiting decision regarding an oil production cut. In September, OPEC had outlined a deal to cut output by approximately 1 million barrels per day. In economic news, the second read on US third-quarter GDP came in at an annualized rate of 3.2%, above a previous reading of 2.9%. The Consumer Confidence Index hit 107.1 in November, up from 98.6 in October.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Realty, auto stocks trade mixed

Key benchmark indices hovered within a narrow range in positive terrain in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, was up 91.43 points or 0.35% at 26,485.44. The gains for the Nifty 50 index were higher in percentage terms than those for the Sensex. The Nifty was currently up 34.30 points or 0.42% at 8,176.45. Gains in most Asian stocks boosted sentiment on domestic bourses.

Key benchmark indices hovered within a narrow range in positive terrain in afternoon trade. At 13:20 IST, the barometer index, the S&P Sensex, was up 91.43 points or 0.35% at 26,485.44. The gains for the 50 index were higher in percentage terms than those for the Sensex. The was currently up 34.30 points or 0.42% at 8,176.45. Gains in most Asian stocks boosted sentiment on domestic bourses.

The broad market depicted strength. There were two gainers against every loser on BSE. 1,562 shares rose and 781 shares declined. A total of 185 shares were unchanged. The Mid-Cap index was currently up 0.58%. The Small-Cap index was currently up 0.91%. Both these indices outperformed the Sensex.

Realty stocks were mixed. Indiabulls Real Estate (down 1.29%), Phoenix Mills (down 1.49%), Oberoi Realty (down 0.07%), and DLF (down 0.7%) edged lower. Sobha (up 0.1%), Unitech (up 2.22%), and Omaxe (up 0.25%) gained.

Auto stocks were also mixed. Maruti Suzuki India (up 1.73%), (up 0.76%), Hero MotoCorp (up 0.28%), Tata Motors (up 0.58%) and TVS Motor Company (up 2.06%) gained. Mahindra & Mahindra (M&M) (down 0.09%), Ashok Leyland (down 0.69%), and Eicher Motors (down 0.48%) declined.

Yes Bank rose 0.3% after the bank announced the launch of SIMsePAY, a unique innovation that allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smart phones or internet. The offering is based on a frugal sim-sleeve technology in association with Taisys Technologies, who holds global patent for the same and has implemented the same successfully in other countries inclusing Kenya and China.

The bank plans to garner a base of 5 lakh SIMsePAY by 2017. The bank has launched the services with the District Co-operative Bank, Dehradun and subsequently plans to launch it across the country. The announcement was made during market hours today, 30 November 2016.

Max Ventures and Industries jumped 6.28% to Rs 53.10 in the wake of recent rejig in the company's shareholding via bulk deal mechanism on the stock exchanges. Xenox sold 17.78 lakh shares of the company to Siva Enterprises at Rs 50.50 per share in a block deal on the NSE on 29 November 2016. Xenox held 5.27% stake in MVIL end September 2016. Meanwhile, Ambika Anil Raika bought 2.7 lakh shares of the company at Rs 51.03 per share in a bulk deal on the NSE on 28 November 2016.

Among macro economic data, India's gross domestic product (GDP) for the quarter ended September 2016 (Q2) is slated to be released today, 30 November 2016. India's GDP growth rate slowed to 7.1% in Q1 June 2016 from 7.9% expansion in Q4 March 2016. Also India's infrastructure output for October 2016 will be released today, 30 November 2016. Infrastructure output in India went up 5% year-on-year in September, following a 3.2% growth in August.

Overseas, most Asian stocks were trading higher ahead of key global events set to take place this week, including a meeting today, 30 November 2016 between the world's largest oil producers and the release of the US nonfarm payroll report on Friday, 2 December 2016.

US stocks closed higher yesterday, 29 November 2016 with the Nasdaq touching a record, but the market failed to make much headway as oil futures slumped ahead of a key meeting of major crude producers. Organization of the Petroleum Exporting Countries (OPEC) are set to meet in Vienna, Austria today, 30 November 2016 and marketmen are awaiting decision regarding an oil production cut. In September, OPEC had outlined a deal to cut output by approximately 1 million barrels per day. In economic news, the second read on US third-quarter GDP came in at an annualized rate of 3.2%, above a previous reading of 2.9%. The Consumer Confidence Index hit 107.1 in November, up from 98.6 in October.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Realty, auto stocks trade mixed

Key benchmark indices hovered within a narrow range in positive terrain in afternoon trade. At 13:20 IST, the barometer index, the S&P Sensex, was up 91.43 points or 0.35% at 26,485.44. The gains for the 50 index were higher in percentage terms than those for the Sensex. The was currently up 34.30 points or 0.42% at 8,176.45. Gains in most Asian stocks boosted sentiment on domestic bourses.

The broad market depicted strength. There were two gainers against every loser on BSE. 1,562 shares rose and 781 shares declined. A total of 185 shares were unchanged. The Mid-Cap index was currently up 0.58%. The Small-Cap index was currently up 0.91%. Both these indices outperformed the Sensex.

Realty stocks were mixed. Indiabulls Real Estate (down 1.29%), Phoenix Mills (down 1.49%), Oberoi Realty (down 0.07%), and DLF (down 0.7%) edged lower. Sobha (up 0.1%), Unitech (up 2.22%), and Omaxe (up 0.25%) gained.

Auto stocks were also mixed. Maruti Suzuki India (up 1.73%), (up 0.76%), Hero MotoCorp (up 0.28%), Tata Motors (up 0.58%) and TVS Motor Company (up 2.06%) gained. Mahindra & Mahindra (M&M) (down 0.09%), Ashok Leyland (down 0.69%), and Eicher Motors (down 0.48%) declined.

Yes Bank rose 0.3% after the bank announced the launch of SIMsePAY, a unique innovation that allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smart phones or internet. The offering is based on a frugal sim-sleeve technology in association with Taisys Technologies, who holds global patent for the same and has implemented the same successfully in other countries inclusing Kenya and China.

The bank plans to garner a base of 5 lakh SIMsePAY by 2017. The bank has launched the services with the District Co-operative Bank, Dehradun and subsequently plans to launch it across the country. The announcement was made during market hours today, 30 November 2016.

Max Ventures and Industries jumped 6.28% to Rs 53.10 in the wake of recent rejig in the company's shareholding via bulk deal mechanism on the stock exchanges. Xenox sold 17.78 lakh shares of the company to Siva Enterprises at Rs 50.50 per share in a block deal on the NSE on 29 November 2016. Xenox held 5.27% stake in MVIL end September 2016. Meanwhile, Ambika Anil Raika bought 2.7 lakh shares of the company at Rs 51.03 per share in a bulk deal on the NSE on 28 November 2016.

Among macro economic data, India's gross domestic product (GDP) for the quarter ended September 2016 (Q2) is slated to be released today, 30 November 2016. India's GDP growth rate slowed to 7.1% in Q1 June 2016 from 7.9% expansion in Q4 March 2016. Also India's infrastructure output for October 2016 will be released today, 30 November 2016. Infrastructure output in India went up 5% year-on-year in September, following a 3.2% growth in August.

Overseas, most Asian stocks were trading higher ahead of key global events set to take place this week, including a meeting today, 30 November 2016 between the world's largest oil producers and the release of the US nonfarm payroll report on Friday, 2 December 2016.

US stocks closed higher yesterday, 29 November 2016 with the Nasdaq touching a record, but the market failed to make much headway as oil futures slumped ahead of a key meeting of major crude producers. Organization of the Petroleum Exporting Countries (OPEC) are set to meet in Vienna, Austria today, 30 November 2016 and marketmen are awaiting decision regarding an oil production cut. In September, OPEC had outlined a deal to cut output by approximately 1 million barrels per day. In economic news, the second read on US third-quarter GDP came in at an annualized rate of 3.2%, above a previous reading of 2.9%. The Consumer Confidence Index hit 107.1 in November, up from 98.6 in October.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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