The BSE Mid-cap Index is trading down 0.35% at 10,951, whereas BSE Small-cap Index is trading down 0.12% at 11,612.
The BSE Mid-cap Index is trading down 0.35% at 10,951, whereas BSE Small-cap Index is trading down 0.12% at 11,612.
Some buying activity is seen in pharma, consumer durable and telecom sectors, while IT, teck, auto, banking, metal, FMCG and energy sectors are showing weakness on BSE.
ICICI Bank, Axis Bank, Bharti Airtel, Sun Pharma, NTPC, Asian Paints, Tata Steel and SBI are among the gainers, whereas Infosys, TCS, M&M, ITC, HUL, Maruti Suzuki are losing sheen on BSE.
The India VIX (Volatility) index is up 0.63% to 14.3150. Out of 1,769 stocks traded on the NSE, 807 declined and 722 advanced today.
A total of 78 stocks registered a fresh 52-week high in trades today, while six stocks touched a new 52-week low on the NSE.
Indian Rupee extended its gain for the sixth consecutive session, opened at 66.31/$ higher by 4 paise in early trade on Tuesday as against the previous close of 66.39/$. On Monday, Indian rupee extended the recovery against the greenback, helped by sharp fall in oil prices and general softness in US dollar against the basket of currencies. RBI’s intervention in the Forex markets has also provided lot of stability to the Indian rupee. RBI has earlier announced plans of intervening in the exchange traded currency derivate markets as well in order to shield the currency from the volatility and repercussions of US Fed rate hike.
Diamond Power Infrastructure Ltd soared 2.3% to Rs.46.25 after the company has bagged an order from Powergrid NM Transmission Ltd for the supply of Conductors for 765 kV S/C (Quad Bersimic) Salem - Madhugiri Transmission Line associated with Nagapattinam Project under TBCB route vide award amounting to Rs. 44 crores.
Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Linezolid Tablets, 600 mg, the therapeutic equivalent of Zyvox Tablets, 600 mg of Pharmacia and Upjohn Company, a subsidiary of Pfizer, Inc. According to IMS Health sales data for the 12 month period ending October 2015, the Zyvox Tablets, 600 mg market1 achieved annual sales of approximately $447.6 million.
NBCC zoomed 2.5% to Rs.1,013 on BSE. The All India Institute of Medical Sciences (AIIMS) has inked an MoU with the National Buildings Constructions Corporation Ltd (NBCC) to build the second phase of the existing trauma centre of the institution.
HDIL jumped 5% to Rs.73.90 on BSE. The company has sold 850,000 square feet of development rights in Kurla to a company belonging to the Mumbai-based Wadhawan Group for Rs. 649 crore, as per media reports.
Cadila Healthcare climbed 1.9% to Rs.395 on BSE. FIPB approved proposals of Cadila Healthcare on Monday. The pharma company was reconsidered by the FIPB following the changes made by the government in foreign direct investment policy last month.
Eros International Media rallied 2.8% to Rs. 256 on BSE. Sanjay Leela Bhansali, Bajirao Mastani ended the opening weekend on a big high collecting Rs.90.80 crore worldwide – Rs.60.80 crore gross (Rs.46.77 crore NBOCC) in India and Rs.30 crore (USD 4.5 mn) overseas. The film showed upward graph through the weekend with collection showing a jump of 21% on Saturday over Friday and 44% jump on Sunday over Friday multiplexes across India.
Tide Water Oil (India) Ltd hits 20% upper limit to Rs.20,798 on BSE. The company informed BSE that a meeting of the Board of Directors of the Company will be held on January 15, 2016, inter alia, to consider and take on record the Unaudited Standalone Financial Results of the Company for the quarter and nine months ended December 31, 2015, together with the Limited Review Report thereon, in terms of Clause 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Clause 41 of the Listing Agreement with the Stock Exchanges.In the said meeting, the Board of Directors will also consider declaration of bonus issue and share split to/for the shareholders at such rate/ratio to be decided therein.
The Board of the Bank has permitted the Bank to raise additional capital of Rs. 2,400 crore through issue of BASEL-III compliant Tier II Bonds by way of Private Placement at a Coupon Rate as decided by the Bond Committee of the Bank to support the asset growth during 2015-16 & also to maintain healthy level of CRAR.
The Bank received ratings of "IND AAA"; Outlook Stable from India Ratings & Research Private Limited (a Fitch Group Company) for the proposed issue of the said Bonds.
Windsor Machines hits 20% upper limit at Rs.43.90 on BSE.
Gammon India rallied for the second consecutive session on BSE. Currently, the stock is up 9.9% to Rs. 18.30 on BSE. Lenders to Gammon India Ltd. will convert Rs. 245 crore worth of debt to a 60.10% equity stake under the strategic debt restructuring (SDR) norms. The company said in a stock exchange filing on Friday that a 12-member consortium, led by ICICI Bank, will convert part of its debt to majority equity at Rs. 11.89 per share. The conversion under SDR is done at fair value - which is lower than market price, or book value, or face value, whichever is higher.
Eon Electric hits 5% upper circuit to Rs.79.35 on BSE. The company has secured an extension to the ongoing LED streetlights installation project aimed at transforming the conventional streetlights to LED lights in Jodhpur.
Granules India plunged 3.5% to Rs.152.10 on BSE. The drug firm Granules India has received three observations from the USFDA for its Jeedimetla, Hyderabad facility during a recent inspection.
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