After Thursday's smart run up, indices took a breather today amid lackluster day of trades. Weak global cues, profit booking and weak rupee dampened the sentiments. On the other hand, Nifty Bank index continued to out-perform.
Today’s decline was led by the realty, telecom, IT and pharma stocks, while metal, consumer durables, oil & gas, banking and industrial stocks were among the gainer.
Finally, the BSE Sensex ended with a loss of 46 points at 27,127. The BSE Sensex opened at 28,168 touched an intra-day high of 28,212 and low of 28,026.
The NSE Nifty closed with a loss of mere six points at 8,667. The NSE Nifty opened at 8,694 hitting a high of 8,697 and low of 8,647.
Among the 50-stocks of Nifty, Bank of Baroda, SBI, Hindalco, Aurobindo Pharma, Ambuja Cement, Yes Bank, BHEL, Tata Power and UltraTech Cement were among the gainers on NSE, whereas Eicher Motors, Bharti Infratel, TCS, Coal India, Lupin and Wipro were among the losers today.
The India VIX (Volatility) index was slightly down 0.08% at 14.5375. Out of 1,860 stocks traded on the NSE, 701 declined and 899 advanced today.
The rupee was trading down 22 paise at 67.02 per US dollar.
On the global front, Japan’s Nikkei and China’s Shanghai Composite ended marginally higher, while Hong Kong’s Hang Seng slipped 0.37%.
European shares were trading in red. The FTSE 100 is trading marginally down. The CAC 40 and DAX dropped over 0.77% each.
SBI jumped 4.2% to Rs.258.50 on BSE. The board of State Bank of India Ltd cleared the proposed merger of five associate banks and Bharatiya Mahila Bank with itself.
Shipping Corporation of India dropped 5% after the company's net profit slipped 72.56% to Rs.55.91 crore for the quarter ended on June 30, 2016, compared to the same period last year. The company had posted a net profit of Rs.203.78 crore for the quarter ended June 30, 2015.
V-Guard Industries gained 1% to Rs.1,763 after the company announced that it has fixed 31 August 2016 as the record date for 10 for 1 stock split.
Coal India dropped 1.4% to Rs.334. As per media reports, Government of India's impending stake-sale in the company. GoI currently holds 79.65% in Coal India as on 30 June 2016.
UltraTech Cement gained 1.1% to Rs.3915 on the BSE. The cement company is planning to raise Rs.500 crore through issuance of secured redeemable non-convertible debentures (NCDs) on private placement basis.
Bharti Airtel slipped 0.44% to Rs.350. Singapore Telecommunications said that it has signed a conditional share purchase agreement with Temasek Holdings to acquire 7.39% stake in Bharti Telecom Ltd, holding company of India’s largest telco Bharti Airtel Ltd, and 21% in Thailand’s Intouch Holdings public Co. Ltd for a total of $1.8 billion.
India Cements soared 5.2% to Rs.132. The company reported 16% jump in its net profit at Rs.44 crore for the April-June quarter. India Cements had reported a net profit of Rs.38 crore on sales of Rs.1,221 crore in the corresponding quarter of last fiscal.
A total of 87 stocks registered a fresh 52-week high in trades today, whereas 18 stocks touched a new 52-week low on the NSE.
Some of the stocks to log a fresh 52-week high during intra-day are Accelya Kale Solutions Limited, Aptech Limited,Berger Paints (I) Limited, Birla Corporation Limited, Birla Cotsyn (India) Limited, Britannia Industries Limited, Cairn India Limited, Carborundum Universal Limited, City Union Bank Limited, Cybertech Systems And Software Limited, Delta Corp Limited, Dhanuka Agritech Limited, Divi's Laboratories Limited.
HeidelbergCement India Limited, Hindalco Industries Limited, Hindustan Copper Limited, Hindustan Zinc Limited Indraprastha Gas Limited, The India Cements Limited, Indian Hume Pipe Company Limited, JSW Steel Limited, Jubilant Life Sciences Limited, K.P.R. Mill Limited, Kalyani Steels Limited, L&T Finance Holdings Limited, Lakshmi Vilas Bank Limited, Man Infraconstruction Limited, Manpasand Beverages Limited, Mercator Limited, MOIL Limited, Mukand Limited, NMDC Limited, NTPC Limited, Piramal Enterprises Limited, Prakash Industries Limited Prakash Constrowell Limited, Punjab & Sind Bank, Shriram City Union Finance.
Alstom T&D India Limited, Birla Cotsyn (India) Limited, Goenka Diamond and Jewels Limited, KSS Limited, Larsen & Toubro Infotech Limited, Pokarna Limited, Prakash Steelage Limited, Rainbow Papers Limited,Raj Rayon Industries Limited, Rasoya Proteins Limited,Shrenuj & Company Limited, STI India Limited, Usher Agro Limited, Vindhya Telelinks Limited, Visesh Infotecnics Limited, Visagar Polytex Limited, VKS Projects were some of the notable stocks to record new 52-week low during the day.
Alstom T&D India Limited, Birla Cotsyn (India) Limited, Goenka Diamond and Jewels Limited, KSS Limited, Larsen & Toubro Infotech Limited, Pokarna Limited, Prakash Steelage Limited, Rainbow Papers Limited,Raj Rayon Industries Limited, Rasoya Proteins Limited,Shrenuj & Company Limited, STI India Limited, Usher Agro Limited, Vindhya Telelinks Limited, Visesh Infotecnics Limited, Visagar Polytex Limited, VKS Projects were some of the notable stocks to record new 52-week low during the day.
Today’s decline was led by the realty, telecom, IT and pharma stocks, while metal, consumer durables, oil & gas, banking and industrial stocks were among the gainer.
Finally, the BSE Sensex ended with a loss of 46 points at 27,127. The BSE Sensex opened at 28,168 touched an intra-day high of 28,212 and low of 28,026.
The NSE Nifty closed with a loss of mere six points at 8,667. The NSE Nifty opened at 8,694 hitting a high of 8,697 and low of 8,647.
Among the 50-stocks of Nifty, Bank of Baroda, SBI, Hindalco, Aurobindo Pharma, Ambuja Cement, Yes Bank, BHEL, Tata Power and UltraTech Cement were among the gainers on NSE, whereas Eicher Motors, Bharti Infratel, TCS, Coal India, Lupin and Wipro were among the losers today.
The India VIX (Volatility) index was slightly down 0.08% at 14.5375. Out of 1,860 stocks traded on the NSE, 701 declined and 899 advanced today.
The rupee was trading down 22 paise at 67.02 per US dollar.
On the global front, Japan’s Nikkei and China’s Shanghai Composite ended marginally higher, while Hong Kong’s Hang Seng slipped 0.37%.
European shares were trading in red. The FTSE 100 is trading marginally down. The CAC 40 and DAX dropped over 0.77% each.
SBI jumped 4.2% to Rs.258.50 on BSE. The board of State Bank of India Ltd cleared the proposed merger of five associate banks and Bharatiya Mahila Bank with itself.
Shipping Corporation of India dropped 5% after the company's net profit slipped 72.56% to Rs.55.91 crore for the quarter ended on June 30, 2016, compared to the same period last year. The company had posted a net profit of Rs.203.78 crore for the quarter ended June 30, 2015.
V-Guard Industries gained 1% to Rs.1,763 after the company announced that it has fixed 31 August 2016 as the record date for 10 for 1 stock split.
Coal India dropped 1.4% to Rs.334. As per media reports, Government of India's impending stake-sale in the company. GoI currently holds 79.65% in Coal India as on 30 June 2016.
UltraTech Cement gained 1.1% to Rs.3915 on the BSE. The cement company is planning to raise Rs.500 crore through issuance of secured redeemable non-convertible debentures (NCDs) on private placement basis.
Bharti Airtel slipped 0.44% to Rs.350. Singapore Telecommunications said that it has signed a conditional share purchase agreement with Temasek Holdings to acquire 7.39% stake in Bharti Telecom Ltd, holding company of India’s largest telco Bharti Airtel Ltd, and 21% in Thailand’s Intouch Holdings public Co. Ltd for a total of $1.8 billion.
India Cements soared 5.2% to Rs.132. The company reported 16% jump in its net profit at Rs.44 crore for the April-June quarter. India Cements had reported a net profit of Rs.38 crore on sales of Rs.1,221 crore in the corresponding quarter of last fiscal.
A total of 87 stocks registered a fresh 52-week high in trades today, whereas 18 stocks touched a new 52-week low on the NSE.
Some of the stocks to log a fresh 52-week high during intra-day are Accelya Kale Solutions Limited, Aptech Limited,Berger Paints (I) Limited, Birla Corporation Limited, Birla Cotsyn (India) Limited, Britannia Industries Limited, Cairn India Limited, Carborundum Universal Limited, City Union Bank Limited, Cybertech Systems And Software Limited, Delta Corp Limited, Dhanuka Agritech Limited, Divi's Laboratories Limited.
HeidelbergCement India Limited, Hindalco Industries Limited, Hindustan Copper Limited, Hindustan Zinc Limited Indraprastha Gas Limited, The India Cements Limited, Indian Hume Pipe Company Limited, JSW Steel Limited, Jubilant Life Sciences Limited, K.P.R. Mill Limited, Kalyani Steels Limited, L&T Finance Holdings Limited, Lakshmi Vilas Bank Limited, Man Infraconstruction Limited, Manpasand Beverages Limited, Mercator Limited, MOIL Limited, Mukand Limited, NMDC Limited, NTPC Limited, Piramal Enterprises Limited, Prakash Industries Limited Prakash Constrowell Limited, Punjab & Sind Bank, Shriram City Union Finance.
Alstom T&D India Limited, Birla Cotsyn (India) Limited, Goenka Diamond and Jewels Limited, KSS Limited, Larsen & Toubro Infotech Limited, Pokarna Limited, Prakash Steelage Limited, Rainbow Papers Limited,Raj Rayon Industries Limited, Rasoya Proteins Limited,Shrenuj & Company Limited, STI India Limited, Usher Agro Limited, Vindhya Telelinks Limited, Visesh Infotecnics Limited, Visagar Polytex Limited, VKS Projects were some of the notable stocks to record new 52-week low during the day.
Alstom T&D India Limited, Birla Cotsyn (India) Limited, Goenka Diamond and Jewels Limited, KSS Limited, Larsen & Toubro Infotech Limited, Pokarna Limited, Prakash Steelage Limited, Rainbow Papers Limited,Raj Rayon Industries Limited, Rasoya Proteins Limited,Shrenuj & Company Limited, STI India Limited, Usher Agro Limited, Vindhya Telelinks Limited, Visesh Infotecnics Limited, Visagar Polytex Limited, VKS Projects were some of the notable stocks to record new 52-week low during the day.
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