3:30 pm Market closing: The market has ended in red after a lot of struggle. The Sensex is down 59.24 points or 0.2 percent at 28005.37 and the Nifty is down 18.50 points or 0.2 percent at 8624.05. About 1458 shares have advanced, 1259 shares declined, and 171 shares are unchanged.
Tata Steel, Coal India, Bajaj Auto, Hero MotoCorp and Axis Bank were top gainers while Adani Ports, TCS, Asian Paints, Wipro and Infosys were gainers in the Sensex.
3:20 pm Gold Update: Gold advanced for the third day, gaining Rs 20 to Rs 31,150 per ten grams at the bullion market today on sustained buying by jewellers to meet festive season demand from retailers, even as the metal weakened overseas.
Silver, however, fell by Rs 350 to Rs 46,650 per kg.
Marketmen said increased buying by jewellers to meet rising festive season demand from retailers at domestic spot market mainly kept gold prices higher.
However, a weak global trend where gold dropped ahead of the release of the Federal Reserve's minutes from its July meeting after central bank officials signalled that US interest rates could be increased at least once this year, capped the rise.
3:15 pm Earnings: Liquor firm Radico Khaitan today reported an increase of 25.2 per cent in its standalone net profit at Rs 21.5 crore for the first quarter ended June 2016.
For April-June of 2015-16, the figure stood at Rs 17.2 crore.
Total income from operations moved up 3.1 per cent to Rs 430.4 crore during the quarter under review as against Rs 417.3 crore in the same quarter of the previous fiscal, Radico Khaitan said in a regulatory filing to BSE.
Total expense during the period came in at Rs 384.5 crore as against Rs 381.7 crore a year before.
3:05 pm Market Update: Equity benchmarks were marginally lower amid consolidation. The Sensex was down 38.71 points at 28025.90 and the Nifty down 14.90 points at 8627.65.
The market breadth was positive as about 1410 shares advanced against 1259 declining shares on the BSE.
2:45 pm Buzzing: Strides Shasun is going to hive off API business to wholly-owned subsidiary. The turnover of API business in FY16 was Rs 712.2 crore.
The company's Q1 net profit was at Rs 41.7 crore versus Rs 87.6 crore and total income was at Rs 870 crore versus Rs 955 crore.
The Sensex is down 60.26 points at 28004.35, and the Nifty down 25.60 points at 8616.95.
14:00 Market Update: The Sensex is down 49.08 points at 28015.53, and the Nifty down 22.15 points or 0.3 percent at 8620.40. About 1361 shares have advanced, 1164 shares declined, and 177 shares are unchanged.
Coal India, Hero MotoCorp, Tata Steel, Bajaj Auto and Axis Bank are gainers while TCS, Asian Paints, Infosys, Reliance and GAIL are losers in the Sensex. Sun Pharma, BF Utilities, Just Dial, Cipla and Reliance were most active shares on BSE.
In the currency market, the Japanese yen weakened against the dollar in the afternoon session. The yen touched an earlier session high of 100.14 and overnight, it climbed to levels around 99.68 to the dollar before retreating. That compared with levels above 101.00 last week.
Analysts told CNBC on Tuesday they expect further yen strength in the near future, following the market's disappointment with the Bank of Japan's (BOJ) stimulus plans.
Tata Steel, Coal India, Bajaj Auto, Hero MotoCorp and Axis Bank were top gainers while Adani Ports, TCS, Asian Paints, Wipro and Infosys were gainers in the Sensex.
3:20 pm Gold Update: Gold advanced for the third day, gaining Rs 20 to Rs 31,150 per ten grams at the bullion market today on sustained buying by jewellers to meet festive season demand from retailers, even as the metal weakened overseas.
Silver, however, fell by Rs 350 to Rs 46,650 per kg.
Marketmen said increased buying by jewellers to meet rising festive season demand from retailers at domestic spot market mainly kept gold prices higher.
However, a weak global trend where gold dropped ahead of the release of the Federal Reserve's minutes from its July meeting after central bank officials signalled that US interest rates could be increased at least once this year, capped the rise.
3:15 pm Earnings: Liquor firm Radico Khaitan today reported an increase of 25.2 per cent in its standalone net profit at Rs 21.5 crore for the first quarter ended June 2016.
For April-June of 2015-16, the figure stood at Rs 17.2 crore.
Total income from operations moved up 3.1 per cent to Rs 430.4 crore during the quarter under review as against Rs 417.3 crore in the same quarter of the previous fiscal, Radico Khaitan said in a regulatory filing to BSE.
Total expense during the period came in at Rs 384.5 crore as against Rs 381.7 crore a year before.
3:05 pm Market Update: Equity benchmarks were marginally lower amid consolidation. The Sensex was down 38.71 points at 28025.90 and the Nifty down 14.90 points at 8627.65.
The market breadth was positive as about 1410 shares advanced against 1259 declining shares on the BSE.
2:45 pm Buzzing: Strides Shasun is going to hive off API business to wholly-owned subsidiary. The turnover of API business in FY16 was Rs 712.2 crore.
The company's Q1 net profit was at Rs 41.7 crore versus Rs 87.6 crore and total income was at Rs 870 crore versus Rs 955 crore.
The Sensex is down 60.26 points at 28004.35, and the Nifty down 25.60 points at 8616.95.
14:00 Market Update: The Sensex is down 49.08 points at 28015.53, and the Nifty down 22.15 points or 0.3 percent at 8620.40. About 1361 shares have advanced, 1164 shares declined, and 177 shares are unchanged.
Coal India, Hero MotoCorp, Tata Steel, Bajaj Auto and Axis Bank are gainers while TCS, Asian Paints, Infosys, Reliance and GAIL are losers in the Sensex. Sun Pharma, BF Utilities, Just Dial, Cipla and Reliance were most active shares on BSE.
In the currency market, the Japanese yen weakened against the dollar in the afternoon session. The yen touched an earlier session high of 100.14 and overnight, it climbed to levels around 99.68 to the dollar before retreating. That compared with levels above 101.00 last week.
Analysts told CNBC on Tuesday they expect further yen strength in the near future, following the market's disappointment with the Bank of Japan's (BOJ) stimulus plans.
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