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Tuesday, 12 December 2017

Sensex falls 100 points, Nifty below 10,300 ahead of WPI data


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Benchmark indices were trading lower on Tuesday ahead of key inflation data. The BSE Sensex is trading lower by 125 points at 33,330.76, while the NSE Nifty50 falls 49.15 points to 10,273.10 in the later morning hours. The government will announce Consumer Price Index (CPI) and Index of Industrial Production (IIP) data later in the day.
Shares of Dr Reddy’s rose 5% to Rs. 2,287.85 after the company said the US FDA issued an Establishment Inspection Report for the company’s plant-3 in Hyderabad.
Tata Motors Limited has said that the company will be increasing prices of its whole passenger vehicles ranging by upto Rs.25,000, starting Jan 2018, as per the BSE filing.
L&T InfoTech Limited completes acquisition of 100% stake in banking solution provider Syncordis-SA.
Asian stocks edged up, extending their recent gains after US stocks hit fresh records Friday. Major indices are up gradually with Nikkei 225 hitting a 26-year high.
Rupee: The Indian rupee was trading at 64.44 per dollar, down 0.11 percent from its last close of 64.37. It opened at 64.46 per dollar on Tuesday.
Gold: COMEX Gold is currently quoting at USD 1251.60, up marginally on the day. MCX Gold futures are being traded at Rs 28,470 per 10 grams, down 0.22 percent on the day.


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