Thursday 11 August 2016

Live Stock Market Updates - Nifty shuts above 8550 mark

Closing Bell:
Finally, the BSE Sensex ended with a gain of 85 points at 27,860. The BSE Sensex opened at 27,806 touched an intra-day high of 27,902 and low of 27,697.

The NSE Nifty closed with a gain of 17 points at 8,592. The NSE Nifty opened at 8,573 hitting a high of 8,601 and low of 8,540.


Market's Live:

The Indian stock market see-sawed between negative and positive zone due to profit-booking by funds and retail investors in recent gainers amid weak global cues.

Traders remained cautious ahead of June IIP and retail inflation data for July to be released tomorrow.

The BSE Sensex opened 31.06 points up at 27,805.94, while NSE Nifty opened 2.50 points down at 8,572.80.

At 1:49 PM, the S&P BSE Sensex is trading at 27,785 up 10 points, while NSE Nifty is trading at 8,600 down 15 points.

The BSE Mid-cap Index is trading up 0.24% at 12,648 whereas BSE Small-cap Index is trading up 0.41% at 12,241.

Lupin, RIL, ITC, TCS, Axis Bank and NTPC are among the gainers, whereas M&M, SBI, Tata Steel, Adani Ports, Sun Pharma, Tata Motors and GAIL are losing sheen on BSE.

Some buying activity is seen in FMCG, IT and energy sectors, while realty, metal, auto, telecom, banking and utilities showing weakness on BSE.

The INDIA VIX is down 2.93% at 14.4850. Out of 1,859 stocks traded on the NSE, 1,006 declined, 561 advanced and 282 remained unchanged today.

A total of 25 stocks registered a fresh 52-week high in trades today, while 24 stocks touched a new 52-week low on the NSE.

Gujarat Pipavav Port Ltd advanced 0.69% to Rs.168. The company reported 60.46% increase in its net profit to Rs.59.75 crore in June quarter against Rs.37.24 crore a year ago.

Ipca Laboratories Ltd rose 3.6% to Rs.521. The company reported 127.4% increase in its net profit to Rs.47.57 crore in June quarter against Rs.20.92 crore a year ago.

Bank of Baroda tumbled 8.7% to Rs.153. The bank said its net profit for the June quarter fell 59.74% from a year ago due to higher provisions and lower net interest income. Net profit for the quarter stood at Rs.423.62 crore as compared to Rs.1,052.15 crore a year ago.

Sun Pharmaceutical Industries Ltd fell 1.4% to Rs.804.10. Taro Pharmaceutical Industries’ (Taro Pharma) net profit rose 6.08% to $109.9 million on 8.6% increase in net sales to $233.8 million in Q1 June 2016 over Q1 June 2015.

Lincoln Pharmaceuticals Ltd jumped 7.4% to Rs.224. The company reported a net profit of Rs.10.93 crore in June quarter, up 67.18% from Rs.6.54 crore a year ago.

Dilip Buildcon listed on the exchanges at Rs.240, up 10%, against the issue price of Rs.219.

Tata Communications Ltd slipped 1.5% to Rs.475. The Lok Sabha passed the Taxation Laws (Amendment) Bill. The Bill, when enacted, will put to rest the Tata Communications- Videsh Sanchar Nigam Limited (VSNL) surplus land issue and boost the government’s plans for non-core asset sales in large public sector undertakings (PSUs) that have land banks.

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