The BSE Sensex opened 73 points up at 28,078. while NSE Nifty opened 25 points up at 8,649. The Indian stock market opened higher after two days of losses as the Federal Reserve's July meeting minutes showed there is a lack of consensus among policy makers about when the Fed should raise rates.
At 2:18 PM, the S&P BSE Sensex is trading at 28,103 up 97 points, while NSE Nifty is trading at 8,667 up 43 points.
The BSE Mid-cap Index is trading up 0.29% at 12,948 whereas BSE Small-cap Index is trading up 0.91% at 12,391.
Adani Ports, Power Grid, Bharti Airtel, ICICI Bank, ICICI Bank and NTPC are among the gainers, whereas Coal India, Asian Paints, GAIL, L&T, Wipro and HUL are losing sheen on BSE.
Some buying activity is seen in banking, power,auto, finance, basic materials, utilities, finance, basic materials and auto sectors, while metal, capital goods and consumer durables showing weakness on BSE.
The INDIA VIX is down 1.55% at 14.5500. Out of 1,851 stocks traded on the NSE, 445 declined, 1,121 advanced and 445 remained unchanged today.
A total of 79 stocks registered a fresh 52-week high in trades today, while 18 stocks touched a new 52-week low on the NSE.
India Cements Ltd is currently trading at Rs. 127.25, up by Rs. 3.1 or 2.5% from its previous closing of Rs. 124.15 on the BSE.The company has posted a net profit of Rs.43.9 crore for the quarter ended June 30, 2016 as compared to Rs.37.8 crore for the quarter ended June 30, 2015.
Hero MotoCorp gained 0.50% to Rs.3,377.10 on BSE. ChrysCapital is set to invest $90 million (Rs.600 crore) in Hero FinCorp, the vehicle-financing unit of Hero MotoCorp, as per media reports.
The Nifty Bank are trading higher on NSE. The Nifty Bank opened at 19,087.20 and hits a high of 19,269.10 and a low of 19,083. The Bank Nifty is at 52-week high with gainers like Canara Bank, IndusInd Bank, PNB, ICICI Bank and BoB.
Axis Bank trading higher by 1.1% at Rs.596. The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.25 per cent. The MCLRs with effect from 18th August, 2016.
Hathway Cable & Datacom slipped 0.64%. The company's board has given its approval to divest up to 90 lakh shares of the subsidiary through an OFS.
Bharti Airtel gained 1% after the Singapore Telecommunications is planning to spend about $2 bn to invest in Thailand's Intouch Holdings Pcl and raise its stake in India's Bharti Telecom, as per TV report.
Borosil Glass Works rallied 2% on BSE. The company has entered into a ‘Sale Deed’ for purchase of 4.73 hectares of land at Chomu in Jaipur, Rajasthan adjacent to the factory / office of its subsidiary viz. Hopewell Tablewar, for its future use, from unrelated parties at prevailing market rate.
Tata Motors gained 0.81% on BSE. The auto company has hiked the price of its recently launched hatchback Tiago in the range of Rs.5,000 to Rs.6,000 as the introductory pricing period ended this month.
Lupin is trading marginally lower on BSE.The pharma company said its subsidiary Gavis Pharmaceuticals has received final approval from the US health regulator to market potassium chloride extended release capsules, used for treating potassium deficiency in the bloodstream, in the American market.
Transport Corporation of India Ltd rallied 4.1% to Rs.359. The company will announce its Q1 numbers today.
Unitech rose 2.1% on BSE. The SC ordered Unitech to refund Rs.15 crore to investors in delayed housing projects in Gurgaon, as per media reports. The real estate company has been directed to pay Rs.5 crore in two weeks, and the remainder by the end of December.
Shoppers Stop advanced 1.6% to Rs.376. The company said it will invest another Rs.20 crore over the next 18 months in technology and infrastructure to attain omni-channel status.
DHFL gained 1.7% to Rs.268.50. Dewan Housing Finance Corporation said it will raise up to Rs.10,000 crore through issuance of secured non-convertible debentures (NCDs) in one or more tranches.
Strides Shasun dropped 2.6% to Rs.1032. Strides Shasun is hiving off its active pharmaceuticals ingredients (API) business into a wholly-owned arm.
Nestle India is trading marginally higher at Rs.6736.The company launched new variants in its Maggi Noodles portfolio and re-launched cup noodles.
Suzlon Energy rose 0.60% to Rs.16.90. Suzlon Energy has received an repeat turnkey order for 132 MW from ReNew Power. The order comprises of suzlon's latest product offerings and includes 15 units of S97 90m tubular tower and 48 units of S97 120m Hybrid Tower with a rated capacity of 2.1MW each.
Gammon India jumped 10.3% to Rs.16.10.The company has won a Rs.870 crore contract from NHAI for widening of a highway in Karnataka under NHDP.
Dalmia Bharat soared 2.6% to Rs.1521. The company posted 76% rise in consolidated net profit at Rs.92 crore for the quarter ended on June 30, 2016 compared to the same period of last year.
Power Grid Corporation of India climbed 2.9% to Rs.179.60 on BSE. The power company is looking to participate in intra-state projects, a deviation from its traditional role as the central power transmission utility that has been prompted by the reforms in state-run power distribution companies.
India Cements advanced 2% to Rs.126.55. The cement company will announce its Q1 numbers today.
Asian markets are trading mixed on Thursday. In Japan, the Nikkei 225 is marginally down, while Hong Kong's Hang Seng and Shanghai Composite are trading higher.
Wall Street closed marginally higher after the minutes of the US Federal Reserve's July meeting have strengthened the view that the US central bank is increasingly embracing a lower-for-longer interest rate regime. The Dow Jones industrial average closed up 0.12% to 18,573.94, the S&P 500 had gained 0.19% to 2,182.22 and the Nasdaq Composite had added 0.03% to 5,228.66.
EPFO has asked its over 120 field offices across the country to ensure that all employers are depositing their PF contributions only through electronic mode by using the Internet banking.
Moody’s said that the steel demand in India will outpace the regional average while profitability of domestic steel companies will outperform regional peers on account of increase in domestic demand.
At 2:18 PM, the S&P BSE Sensex is trading at 28,103 up 97 points, while NSE Nifty is trading at 8,667 up 43 points.
The BSE Mid-cap Index is trading up 0.29% at 12,948 whereas BSE Small-cap Index is trading up 0.91% at 12,391.
Adani Ports, Power Grid, Bharti Airtel, ICICI Bank, ICICI Bank and NTPC are among the gainers, whereas Coal India, Asian Paints, GAIL, L&T, Wipro and HUL are losing sheen on BSE.
Some buying activity is seen in banking, power,auto, finance, basic materials, utilities, finance, basic materials and auto sectors, while metal, capital goods and consumer durables showing weakness on BSE.
The INDIA VIX is down 1.55% at 14.5500. Out of 1,851 stocks traded on the NSE, 445 declined, 1,121 advanced and 445 remained unchanged today.
A total of 79 stocks registered a fresh 52-week high in trades today, while 18 stocks touched a new 52-week low on the NSE.
India Cements Ltd is currently trading at Rs. 127.25, up by Rs. 3.1 or 2.5% from its previous closing of Rs. 124.15 on the BSE.The company has posted a net profit of Rs.43.9 crore for the quarter ended June 30, 2016 as compared to Rs.37.8 crore for the quarter ended June 30, 2015.
Hero MotoCorp gained 0.50% to Rs.3,377.10 on BSE. ChrysCapital is set to invest $90 million (Rs.600 crore) in Hero FinCorp, the vehicle-financing unit of Hero MotoCorp, as per media reports.
The Nifty Bank are trading higher on NSE. The Nifty Bank opened at 19,087.20 and hits a high of 19,269.10 and a low of 19,083. The Bank Nifty is at 52-week high with gainers like Canara Bank, IndusInd Bank, PNB, ICICI Bank and BoB.
Axis Bank trading higher by 1.1% at Rs.596. The bank declared its marginal cost of funds based lending rate (MCLR) for one year at 9.25 per cent. The MCLRs with effect from 18th August, 2016.
Hathway Cable & Datacom slipped 0.64%. The company's board has given its approval to divest up to 90 lakh shares of the subsidiary through an OFS.
Bharti Airtel gained 1% after the Singapore Telecommunications is planning to spend about $2 bn to invest in Thailand's Intouch Holdings Pcl and raise its stake in India's Bharti Telecom, as per TV report.
Borosil Glass Works rallied 2% on BSE. The company has entered into a ‘Sale Deed’ for purchase of 4.73 hectares of land at Chomu in Jaipur, Rajasthan adjacent to the factory / office of its subsidiary viz. Hopewell Tablewar, for its future use, from unrelated parties at prevailing market rate.
Tata Motors gained 0.81% on BSE. The auto company has hiked the price of its recently launched hatchback Tiago in the range of Rs.5,000 to Rs.6,000 as the introductory pricing period ended this month.
Lupin is trading marginally lower on BSE.The pharma company said its subsidiary Gavis Pharmaceuticals has received final approval from the US health regulator to market potassium chloride extended release capsules, used for treating potassium deficiency in the bloodstream, in the American market.
Transport Corporation of India Ltd rallied 4.1% to Rs.359. The company will announce its Q1 numbers today.
Unitech rose 2.1% on BSE. The SC ordered Unitech to refund Rs.15 crore to investors in delayed housing projects in Gurgaon, as per media reports. The real estate company has been directed to pay Rs.5 crore in two weeks, and the remainder by the end of December.
Shoppers Stop advanced 1.6% to Rs.376. The company said it will invest another Rs.20 crore over the next 18 months in technology and infrastructure to attain omni-channel status.
DHFL gained 1.7% to Rs.268.50. Dewan Housing Finance Corporation said it will raise up to Rs.10,000 crore through issuance of secured non-convertible debentures (NCDs) in one or more tranches.
Strides Shasun dropped 2.6% to Rs.1032. Strides Shasun is hiving off its active pharmaceuticals ingredients (API) business into a wholly-owned arm.
Nestle India is trading marginally higher at Rs.6736.The company launched new variants in its Maggi Noodles portfolio and re-launched cup noodles.
Suzlon Energy rose 0.60% to Rs.16.90. Suzlon Energy has received an repeat turnkey order for 132 MW from ReNew Power. The order comprises of suzlon's latest product offerings and includes 15 units of S97 90m tubular tower and 48 units of S97 120m Hybrid Tower with a rated capacity of 2.1MW each.
Gammon India jumped 10.3% to Rs.16.10.The company has won a Rs.870 crore contract from NHAI for widening of a highway in Karnataka under NHDP.
Dalmia Bharat soared 2.6% to Rs.1521. The company posted 76% rise in consolidated net profit at Rs.92 crore for the quarter ended on June 30, 2016 compared to the same period of last year.
Power Grid Corporation of India climbed 2.9% to Rs.179.60 on BSE. The power company is looking to participate in intra-state projects, a deviation from its traditional role as the central power transmission utility that has been prompted by the reforms in state-run power distribution companies.
India Cements advanced 2% to Rs.126.55. The cement company will announce its Q1 numbers today.
Asian markets are trading mixed on Thursday. In Japan, the Nikkei 225 is marginally down, while Hong Kong's Hang Seng and Shanghai Composite are trading higher.
Wall Street closed marginally higher after the minutes of the US Federal Reserve's July meeting have strengthened the view that the US central bank is increasingly embracing a lower-for-longer interest rate regime. The Dow Jones industrial average closed up 0.12% to 18,573.94, the S&P 500 had gained 0.19% to 2,182.22 and the Nasdaq Composite had added 0.03% to 5,228.66.
EPFO has asked its over 120 field offices across the country to ensure that all employers are depositing their PF contributions only through electronic mode by using the Internet banking.
Moody’s said that the steel demand in India will outpace the regional average while profitability of domestic steel companies will outperform regional peers on account of increase in domestic demand.
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