Trading for the calendar 2015 began on a subdued note as key benchmark indices drifted lower in early trade. The barometer index, the S&P BSE Sensex was currently down 65.17 points or 0.24% at 27,434.25. The market breadth indicating the overall health of the market was positive.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 481.08 crore yesterday, 31 December 2014, as per provisional data.
Asian stocks remain closed today, 1 January 2015, for New Year holiday.
At 9:34 IST, the S&P BSE Sensex was down 65.17 points or 0.24% at 27,434.25. The index lost 102.31 points at the day's low of 27,397.11 in early trade. The index fell 6.05 points at the day's high of 27,493.37 in early trade.
The CNX Nifty was down 30.70 points or 0.37% at 8,252. The index hit a high of 8,276.70 in intraday trade. The index hit a low of 8,248.75 in intraday trade.
The market breadth indicating the overall health of the market was positive. On BSE, 871 shares gained and 576 shares fell. A total of 45 shares were unchanged.
The BSE Mid-Cap index was up 31.23 points or 0.3% at 10,403.81. The BSE Small-Cap index was up 31.37 points or 0.28% at 11,118.44. Both these indices outperformed the Sensex.
The total turnover on BSE amounted to Rs 160 crore by 09:30 IST.
Among the 30-share Sensex pack, 24 stocks declined and rest of them gained.
NTPC (down 0.94%), Hindalco Industries (down 0.89%) and HDFC (down 0.65%) edged lower from the Sensex pack.
Cipla (up 0.71%), Mahindra & Mahindra (up 0.73%) and Maruti Suzuki India (up 0.71%) edged higher from the Sensex pack.
Cadila Healthcare rose 0.54%. Shares of Wockhardt gained 1.71%. With respect to news titled, Wockhardt, Cadila & Hospira voluntarily recall drugs in US, Cadila Healthcare clarified that the recall by its US-based subsidiary was voluntary and a class-III type recall, which means that the use of the product is not likely to cause any adverse health consequences. There is no material impact, the company added.
India's fiscal deficit was Rs 5.25 trillion ($83.08 billion) during April-November, or 98.9% of the full-year target, data released after market hours yesterday, 31 December 2014, showed. The deficit was 93.9% during the same period a year ago. Fiscal deficit is the difference between earnings and expenditure of the Government. Net tax receipts were at Rs 4.13 trillion ($65.35 billion) in the first eight months of the current fiscal year that ends in March 2015.
The combined Index of Eight Core Industries stood at 166.2 in November 2014, which was 6.7 % higher compared to the index of November 2013, data released after market hours yesterday, 31 December 2014, showed. The Eight Core Industries comprise nearly 38 % of the weight of items included in the Index of Industrial Production (IIP). Its cumulative growth during April to November, 2014-15 was 4.6 %.
Asian stocks are closed today, 1 January 2015, for New Year holiday.
A Chinese manufacturing gauge slipped to the lowest level in 18 months, data released by National Bureau of Statistics today, 1 January 2015 showed. The government's Purchasing Managers' Index fell to 50.1 in December, compared with November's 50.3. Numbers above 50 indicate expansion.
Growth in China's services sector picked up slightly in December, a government study showed today, 1 January 2015. The official non-manufacturing Purchasing Managers' Index, or PMI, rose to 54.1 in December from November's 53.9, well above the 50-point line that separates growth from contraction on a monthly basis.
US markets will remain closed today, 1 January 2015 for New Year's Day. US stocks ended lower yesterday, 31 December 2014 as crude oil prices continued their descent.
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