The Indian equity market started off September series on a positive note, holding the 8,600 level on support from banks and Tata Group stocks. At 10:19 AM, the S&P BSE Sensex is trading at 27,826 down mere nine points, while NSE Nifty is trading at 8,591 down seven points.
The BSE Mid-cap Index is trading up 0.48% at 13,040 whereas BSE Small-cap Index is trading up 0.48% at 12,562.
Tata Motors, RIL, Lupin, Tata Steel, Hero MotoCorp, Infosys, NTPC and M&M are among the gainers, whereas Asian Paints, Coal India, Wipro, SBI, HDFC, Axis Bank, HDFC Bank and L&T are losing sheen on BSE.
Some buying activity is seen in pharma, FMCG, oil and gas, banking, auto and utilities sectors, while telecom sector is showing weakness on BSE.
The INDIA VIX is down 3.55% at 12.8125. Out of 1,819 stocks traded on the NSE, 426 declined, 967 advanced and 426 remained unchanged today.
A total of 26 stocks registered a fresh 52-week high in trades today, while three stocks touched a new 52-week low on the NSE.
The rupee opened marginally higher by two paise at 67.02/$ against US Dollar Friday as against the previous close of 67.04/$.
Tata Motors rallied 2%. The auto company will announce its Q1 numbers today.
Shares of Welspun India were trading in a positive zone on Friday, erasing a 4-day losing streak on the stock exchange. On Thursday, the company issued a clarification sought by the BSE, in response to the accusations made by the US-based Target Corp. Welspun India Ltd is currently trading at Rs. 56.60, up by 4%.
DHFL gained 1.5%. DHFL is planning to raise Rs.10,000 crore from non-convertible debentures (NCDs) to fund business growth. The NCD issue of face value of Rs.1,000 each with a base issue size of Rs.2,000 crore and an option to retain oversubscription of up to Rs.8,000 crore aggregating up to Rs.10,000 crore opens on 29 August.
Indian Oil Corporation gained 0.76% to Rs.575. The company will invest around Rs.650 crore in expanding its storage and bottling capacity in Tripura over the next three years as it looks to prevent fuel crisis in the state.
Union Bank of India trading lower 0.75% to Rs.133.20. Union Bank of India is planning to raise Rs.750 crore by issuing Basel III-compliant bonds.
Tata Communications gained 1.5% to Rs.509.80. The telecom company is planning to set up necessary storage infrastructure in countries of operations to win over the local business by addressing its concerns on overseas data storage.
Allcargo Logistics inched up 0.60% on BSE. The company announced a consolidation of its contract logistics business into a new entity, Avvashya CCI Logistics Private Limited is a joint venture between three business entities: the warehousing division of CCI Logistics Ltd, Hindustan Cargo Ltd and the Contract Logistics Division of Allcargo Logistics.
Gammon Infra dropped 3.4% to Rs.5.15 on BSE. The company reported Rs.5.9 crore for the quarter ended June 30 compared with Rs.6 crore reported in the year-ago period.
J Kumar Infraprojects hit 5% upper circuit at Rs.162. The company said Mumbai Metro Rail Corporation Ltd (MMRC) has issued LOA (letter of award) to J Kumar-CRTG's joint venture for Rs.5,012 crore projects.
Biocon soared 3.8% to Rs.899. The European Medicines Agency (EMA) has accepted for review Biocon and Mylan's Marketing Authorization Application (MAA) for a proposed biosimilar Trastuzumab, used to treat certain breast and gastric cancers.
Spice Mobility climbed 4.7%. The telecom company informed BSE that Spice Digital Limited (SDL), a subsidiary of the Company, has divested its entire equity stake constituting 26% of share capital in Vavia Technologies Private Limited (Vavia) pursuant to a Share Purchase Agreement entered into by them. Consequent to this, Vavia has ceased to be an associate of the Company.
Nalco slipped 0.53% to Rs.46.90: Nalco's Rs .2,835 crore offer to buyback 64.43 crore shares will open on August 30. The public sector undertaking today submitted the copy of public announcement and the letter of offer for the shareholders to the stock exchanges.
The BSE Mid-cap Index is trading up 0.48% at 13,040 whereas BSE Small-cap Index is trading up 0.48% at 12,562.
Tata Motors, RIL, Lupin, Tata Steel, Hero MotoCorp, Infosys, NTPC and M&M are among the gainers, whereas Asian Paints, Coal India, Wipro, SBI, HDFC, Axis Bank, HDFC Bank and L&T are losing sheen on BSE.
Some buying activity is seen in pharma, FMCG, oil and gas, banking, auto and utilities sectors, while telecom sector is showing weakness on BSE.
The INDIA VIX is down 3.55% at 12.8125. Out of 1,819 stocks traded on the NSE, 426 declined, 967 advanced and 426 remained unchanged today.
A total of 26 stocks registered a fresh 52-week high in trades today, while three stocks touched a new 52-week low on the NSE.
The rupee opened marginally higher by two paise at 67.02/$ against US Dollar Friday as against the previous close of 67.04/$.
Tata Motors rallied 2%. The auto company will announce its Q1 numbers today.
Shares of Welspun India were trading in a positive zone on Friday, erasing a 4-day losing streak on the stock exchange. On Thursday, the company issued a clarification sought by the BSE, in response to the accusations made by the US-based Target Corp. Welspun India Ltd is currently trading at Rs. 56.60, up by 4%.
DHFL gained 1.5%. DHFL is planning to raise Rs.10,000 crore from non-convertible debentures (NCDs) to fund business growth. The NCD issue of face value of Rs.1,000 each with a base issue size of Rs.2,000 crore and an option to retain oversubscription of up to Rs.8,000 crore aggregating up to Rs.10,000 crore opens on 29 August.
Indian Oil Corporation gained 0.76% to Rs.575. The company will invest around Rs.650 crore in expanding its storage and bottling capacity in Tripura over the next three years as it looks to prevent fuel crisis in the state.
Union Bank of India trading lower 0.75% to Rs.133.20. Union Bank of India is planning to raise Rs.750 crore by issuing Basel III-compliant bonds.
Tata Communications gained 1.5% to Rs.509.80. The telecom company is planning to set up necessary storage infrastructure in countries of operations to win over the local business by addressing its concerns on overseas data storage.
Allcargo Logistics inched up 0.60% on BSE. The company announced a consolidation of its contract logistics business into a new entity, Avvashya CCI Logistics Private Limited is a joint venture between three business entities: the warehousing division of CCI Logistics Ltd, Hindustan Cargo Ltd and the Contract Logistics Division of Allcargo Logistics.
Gammon Infra dropped 3.4% to Rs.5.15 on BSE. The company reported Rs.5.9 crore for the quarter ended June 30 compared with Rs.6 crore reported in the year-ago period.
J Kumar Infraprojects hit 5% upper circuit at Rs.162. The company said Mumbai Metro Rail Corporation Ltd (MMRC) has issued LOA (letter of award) to J Kumar-CRTG's joint venture for Rs.5,012 crore projects.
Biocon soared 3.8% to Rs.899. The European Medicines Agency (EMA) has accepted for review Biocon and Mylan's Marketing Authorization Application (MAA) for a proposed biosimilar Trastuzumab, used to treat certain breast and gastric cancers.
Spice Mobility climbed 4.7%. The telecom company informed BSE that Spice Digital Limited (SDL), a subsidiary of the Company, has divested its entire equity stake constituting 26% of share capital in Vavia Technologies Private Limited (Vavia) pursuant to a Share Purchase Agreement entered into by them. Consequent to this, Vavia has ceased to be an associate of the Company.
Nalco slipped 0.53% to Rs.46.90: Nalco's Rs .2,835 crore offer to buyback 64.43 crore shares will open on August 30. The public sector undertaking today submitted the copy of public announcement and the letter of offer for the shareholders to the stock exchanges.
Wall Street closed lower on Thursday. The Dow Jones industrial average fell 0.18%, to close at 18,448.41 points. The S&P 500 dropped 0.14% and the Nasdaq slipped 0.11%.
Oil prices were relatively flat during Asian trade on Friday. US crude traded at USD 47.34, similar to its last closing level, while global benchmark Brent was a touch lower, down 0.04 percent at USD 49.65 a barrel.
RBI has proposed a major overhaul in the way large companies borrow. In separate decisions, the central bank made it costlier for large companies to borrow more than a certain amount from banks even as it took steps to increase liquidity and participation in the corporate bond market.
Oil prices were relatively flat during Asian trade on Friday. US crude traded at USD 47.34, similar to its last closing level, while global benchmark Brent was a touch lower, down 0.04 percent at USD 49.65 a barrel.
RBI has proposed a major overhaul in the way large companies borrow. In separate decisions, the central bank made it costlier for large companies to borrow more than a certain amount from banks even as it took steps to increase liquidity and participation in the corporate bond market.
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