Live Stock Market Updates - Sensex ends 71 points lower
The BSE Sensex ended with a loss of mere 71 points at 26,228. The BSE Sensex opened at 26,305, touched an intra-day high of 26,450 and low of 26,155.
Closing Bell:
Finally, the BSE Sensex ended with a loss of mere 71 points at 26,228. The BSE Sensex opened at 26,305, touched an intra-day high of 26,450 and low of 26,155.
The NSE Nifty closed with a loss of 32 points at 8,080. The NSE Nifty opened at 8,105 hitting a high of 8,151 and low of 8,060.
Live Market:
The domestic market fluctuated between gains and losses tracking weak trade in Asian markets as investors await testimony from Federal Reserve Chair Janet Yellen that will help shape U.S. interest-rate expectations.
At 12:30 PM, the S&P BSE Sensex is trading at 26,341 up 40 points, while NSE Nifty is trading at 8,121 up 10 points.
The BSE Mid-cap Index is trading up 0.17% at 12,064, whereas BSE Small-cap Index is trading down 0.07% at 11,899.
Axis Bank, Tata Motors, Lupin, SBI, Bharti Airtel and ICICI Bank are among the gainers, whereas Wipro, Dr Reddy's, Sun Pharmaceuticals, Power Grid and Coal India are losing sheen on BSE.
Some buying activity is seen in banking, auto financial services, FMCG and realty sectors, while media and IT sectors are showing weakness on NSE.
The INDIA VIX is down 6.70% at 18.1950. Out of 1,853 stocks traded on the NSE, 524 declined, 927 advanced and 402 remained unchanged today.
A total of three stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.
Lupin Ltd is currently trading at Rs 1429.9, up by Rs 22.35 or 1.59% from its previous closing of Rs 1407.55 on the BSE. The company announced that its US subsidiary, Gavis Pharmaceuticals LLC., U.S.A. (collectively Lupin) has received final approval for its Hydrocodone Bitartrate and Acetaminophen Tablets USP, 5 mg/300 mg, 7.5 mg/300 mg and 10 mg/300 mg from the USFDA to market a generic equivalent of Mikart, Inc's Hydrocodone Bitartrate and Acetaminophen Tablets USP, 5 mg/300 mg, 7.5 mg/300 mg and 10 mg/300 mg.
IT stocks dropped 1.1% on the NSE after Nasscom said on Wednesday that India’s software services industry will grow at a slower pace than estimated earlier. Nasscom now expects the IT exports to grow between 8% to 10% in the current fiscal, slower than the earlier projection of 10 to 12%. TCS tanked 2%, HCL Tech and Wipro is trading down 1.4% each, while Infosys slipped 1%.
Bharti Airtel dropped 3.7%. Bharti Airtel announced completion of the merger of its subsidiary Bangladesh telecom unit with Robi Axiata Limited.
Greenply Industries jumped 6.6%. The company informed on BSE that MSCI has announced the changes to constituents for the MSCI Global Small Cap Indexes and as part of change. Change in constituents for the MSCI Global Small Cap indices will take place as of the close of November 30, 2016.
Indraprastha Gas rose 2.2%. The company also posted a net profit of Rs 144 crore for the quarter ended September 30, 2016 as compared to Rs 102 crore for the quarter ended September 30, 2015.
Petronet LNG fell 1.4%. The company will announce its Q2 numbers today.
Voltas fell 7.7%. The company reported 7% increase in consolidated net profit at Rs 72 crore for the quarter ended on September 30, 2016. It had posted a net profit of Rs 67 crore in the July-September quarter a year ago.
Shipping Corporation of India tanked 7.8% after the company posted standalone net loss of Rs 20 crore for the second quarter ended September 30, 2016-17. The company had posted standalone net profit of Rs 162 crore in the July-September quarter of the 2015-16 fiscal.
Engineers India soared 2.2% to Rs 265. Engineers India reported a 21% jump in net profit in September quarter at Rs 94 crore as compared to Rs 77 crore in the same period a year before, and declared a 1:1 bonus share.
Axis Bank gained 1% to Rs 475.The bank has cut marginal cost of fund-based lending rate (MCLR) by 0.15-0.20%.
Deepak Fertilisers & Petrochemicals Corporation is trading marginally higher on the BSE. The company will announce its Q2 numbers today.
Moody's has affirmed India's Baa3 rating and the positive outlook but no upgrade is on the anvil.
Global cues turned weak as profit booking sets in after a week of heady gains both on the indices & bond yields. With US dollar also weakening emerging markets saw a relief rally with Brazilian index up almost 2% even as most European markets ended in the red. We could see some Asian markets also bounce from oversold territory as value buying emerges.
On the global front, all eyes will be on Janet Yellen as she speaks before congress today.
Nasscom cut growth guidance for the industry to 8-10 % in constant currency terms from 10-12%. According to the guidance, India will continue to gain market share of 7% of global software and IT services and 56% of global sourcing.
New Delhi has woken up to tremors as a 4.4 magnitude earthquake struck on the Delhi-Haryana border early morning. The first day of Parliament’s Winter session saw the Opposition launch an attack on the government for the demonetisation of high value currencies.
The BSE Sensex ended with a loss of mere 71 points at 26,228. The BSE Sensex opened at 26,305, touched an intra-day high of 26,450 and low of 26,155.Closing Bell:
Finally, the BSE Sensex ended with a loss of mere 71 points at 26,228. The BSE Sensex opened at 26,305, touched an intra-day high of 26,450 and low of 26,155.
The NSE Nifty closed with a loss of 32 points at 8,080. The NSE Nifty opened at 8,105 hitting a high of 8,151 and low of 8,060.
Live Market:
The domestic market fluctuated between gains and losses tracking weak trade in Asian markets as investors await testimony from Federal Reserve Chair Janet Yellen that will help shape U.S. interest-rate expectations.
At 12:30 PM, the S&P BSE Sensex is trading at 26,341 up 40 points, while NSE Nifty is trading at 8,121 up 10 points.
The BSE Mid-cap Index is trading up 0.17% at 12,064, whereas BSE Small-cap Index is trading down 0.07% at 11,899.
Axis Bank, Tata Motors, Lupin, SBI, Bharti Airtel and ICICI Bank are among the gainers, whereas Wipro, Dr Reddy's, Sun Pharmaceuticals, Power Grid and Coal India are losing sheen on BSE.
Some buying activity is seen in banking, auto financial services, FMCG and realty sectors, while media and IT sectors are showing weakness on NSE.
The INDIA VIX is down 6.70% at 18.1950. Out of 1,853 stocks traded on the NSE, 524 declined, 927 advanced and 402 remained unchanged today.
A total of three stocks registered a fresh 52-week high in trade today, while 16 stocks touched a new 52-week low on the NSE.
Lupin Ltd is currently trading at Rs 1429.9, up by Rs 22.35 or 1.59% from its previous closing of Rs 1407.55 on the BSE. The company announced that its US subsidiary, Gavis Pharmaceuticals LLC., U.S.A. (collectively Lupin) has received final approval for its Hydrocodone Bitartrate and Acetaminophen Tablets USP, 5 mg/300 mg, 7.5 mg/300 mg and 10 mg/300 mg from the USFDA to market a generic equivalent of Mikart, Inc's Hydrocodone Bitartrate and Acetaminophen Tablets USP, 5 mg/300 mg, 7.5 mg/300 mg and 10 mg/300 mg.
IT stocks dropped 1.1% on the NSE after Nasscom said on Wednesday that India’s software services industry will grow at a slower pace than estimated earlier. Nasscom now expects the IT exports to grow between 8% to 10% in the current fiscal, slower than the earlier projection of 10 to 12%. TCS tanked 2%, HCL Tech and Wipro is trading down 1.4% each, while Infosys slipped 1%.
Bharti Airtel dropped 3.7%. Bharti Airtel announced completion of the merger of its subsidiary Bangladesh telecom unit with Robi Axiata Limited.
Greenply Industries jumped 6.6%. The company informed on BSE that MSCI has announced the changes to constituents for the MSCI Global Small Cap Indexes and as part of change. Change in constituents for the MSCI Global Small Cap indices will take place as of the close of November 30, 2016.
Indraprastha Gas rose 2.2%. The company also posted a net profit of Rs 144 crore for the quarter ended September 30, 2016 as compared to Rs 102 crore for the quarter ended September 30, 2015.
Petronet LNG fell 1.4%. The company will announce its Q2 numbers today.
Voltas fell 7.7%. The company reported 7% increase in consolidated net profit at Rs 72 crore for the quarter ended on September 30, 2016. It had posted a net profit of Rs 67 crore in the July-September quarter a year ago.
Shipping Corporation of India tanked 7.8% after the company posted standalone net loss of Rs 20 crore for the second quarter ended September 30, 2016-17. The company had posted standalone net profit of Rs 162 crore in the July-September quarter of the 2015-16 fiscal.
Engineers India soared 2.2% to Rs 265. Engineers India reported a 21% jump in net profit in September quarter at Rs 94 crore as compared to Rs 77 crore in the same period a year before, and declared a 1:1 bonus share.
Axis Bank gained 1% to Rs 475.The bank has cut marginal cost of fund-based lending rate (MCLR) by 0.15-0.20%.
Deepak Fertilisers & Petrochemicals Corporation is trading marginally higher on the BSE. The company will announce its Q2 numbers today.
Moody's has affirmed India's Baa3 rating and the positive outlook but no upgrade is on the anvil.
Global cues turned weak as profit booking sets in after a week of heady gains both on the indices & bond yields. With US dollar also weakening emerging markets saw a relief rally with Brazilian index up almost 2% even as most European markets ended in the red. We could see some Asian markets also bounce from oversold territory as value buying emerges.
On the global front, all eyes will be on Janet Yellen as she speaks before congress today.
Nasscom cut growth guidance for the industry to 8-10 % in constant currency terms from 10-12%. According to the guidance, India will continue to gain market share of 7% of global software and IT services and 56% of global sourcing.
New Delhi has woken up to tremors as a 4.4 magnitude earthquake struck on the Delhi-Haryana border early morning. The first day of Parliament’s Winter session saw the Opposition launch an attack on the government for the demonetisation of high value currencies.
No comments:
Post a Comment