Live Stock Market Updates – Markets losing steam, Nifty off day’s high

Shiva Cement stock hit 10% lower circuit after JSW Cement denied media rumours of planning to reverse list via the company.

Garware-Wall Ropes and Israel's Aero–T ink MOU to explore mutual co-operation for manufacturing advanced Aerostats for Indian Defence. Stock rose 7% intraday.

Railway infrastructure stocks surge on optimism that Texmaco’s Israel rail venture may lead to orders for ancillary equipment. ABC Bearings shares surged 20%, Menon Bearings rose 16%, Bimetal Bearings rose 11% and Cimmco rose 10%.

At 1 PM, the S&P BSE Sensex is trading at 31199 up 9 points, while NSE Nifty is trading at 9620 up 7 points. A total of 37 stocks registered a fresh 52-week high in trade today, while 11 stocks touched a new 52-week low on the NSE.

There are 1082 advances, 518 declines and 351 unchanged stocks on NSE reflecting a positive tone in the market.

The BSE Mid Cap Index is trading up 0.69% at 14860, while BSE Small Cap Index is trading up 0.79% at 15689.

Some buying activity is seen in Power, IT, while, Realty, Bankex, Auto and Energy showing weakness on BSE.

M&M, Sun Pharma, Reliance, Tata Power, Ambuja Cement are among the gainers, whereas Bharti Airtel, Aurobindo Pharma, GAIL and Infosys are losing on the NSE.

The INDIA VIX is down 0.37% at 11.

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