The BSE Sensex opened 26.10 points up at 28,398.33, while NSE Nifty opened 17.25 points up at 8,743.85.
At 10:49 AM, the S&P BSE Sensex is trading at 28,368 down mere five points, while NSE Nifty is trading at 8,721 down mere six points.
The BSE Mid-cap Index is trading down 0.35% at 13,129 whereas BSE Small-cap Index is trading up 0.28% at 12,747.
Cipla, Asian Paints, Adani Ports, ITC, RIL, Sun Pharmaceuticals and ICICI Bank are among the gainers, whereas Axis Bank, Infosys, Hero Motocorp, Tata Steel, Power Grid and Wipro are losing sheen on BSE.
Some buying activity is seen in pharma, FMCG, consumer discretionary and utilities sectors, while metal, IT, teck, banking, and metal sectors are showing weakness on BSE.
The INDIA VIX is down 0.37% at 14.7075. Out of 1,862 stocks traded on the NSE, 661 declined, 847 advanced and 354 remained unchanged today.
A total of 48 stocks registered a fresh 52-week high in trades today, while 16 stocks touched a new 52-week low on the NSE.
Jindal Steel & Power Ltd is currently trading at Rs. 84.2, up by Rs. 2.5 or 3.06% from its previous closing of Rs. 81.7 on the BSE. The scrip opened at Rs. 83 and has touched a high and low of Rs. 85.4 and Rs. 82.55 respectively. So far 10036947 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7474.76 crore.
Reliance Communications Ltd gained 0.6% to Rs.51.35. RComm has signed an agreement to merge its wireless business with smaller rival Aircel Ltd. The new entity will combine R-Com’s wireless business and Aircel’s operations in India.
Sun Pharmaceutical Industries Ltd advanced 1.1%. The pharma company said its buyback offer of 75 lakh equity shares will open on 22 September. The issue will close on 5 October.
SBI slipped 0.91%. The bank said it had raised $300 million (about Rs.2,000 crore) through the country's first additional tier 1 (AT1) bond offering. The size of the Basel-III compliant bond was pruned from $500 million.
Tata Power is trading marginally higher at Rs.75.45. Tata Power on Wednesday announced that it has completed the acquisition of Welspun Renewables Energy and has appointed Chetan Tolia as CEO of the newly bought firm.
Ashok Leyland tumbled 3.4% to Rs.81.65. The board of automobile component firm Hinduja Foundries Ltd has given its nod for amalgamating the company with Ashok Leyland subject to regulatory and shareholders approval of both the companies.
BEML dropped 9.2% to Rs.932. BEML Ltd's standalone net loss widened to Rs 107.10 crore for the quarter ended June 30, 2016. The company had posted a net loss from ordinary activities after tax of Rs 68.10 crore in the year-ago period, the company said in a BSE filing.
NBCC gained 1.6% to Rs.253. NBCC (India) Ltd reported 16% increase in consolidated net profit to Rs.47.09 crore for the quarter ended June 30.
Gujarat NRE Coke Ltd slipped 1.7% after the company reported its standalone net loss widened to Rs.108.80 crore for the quarter ended June 30, 2016. The company had posted a net loss from ordinary activities after tax of Rs.60.66 crore in the year-ago period
IVRCL zoomed 2.9% to Rs.5.57. IVRCL has posted a loss of Rs.151.85 crore for the first quarter ended June 30, 2016, as against a loss of Rs.189.65 crore for the corresponding quarter last year on a standalone basis.
MMTC soared 4% to Rs.47.25. MMTC reported a net loss of Rs.7.01 crore for the first quarter ended June 30, 2016. The company had incurred a net loss of Rs.30.55 crore during the corresponding quarter of 2015-16.
Ajanta Pharma inched up 1.3%. Ajanta Pharma's promoters have agreed to consolidate their shareholding in the hands of seven family members and one family-controlled promoter group entity in order to give better visibility to the investors.
Rolta India is trading down 0.16%. The company reported a consolidated net profit of Rs.23.1 crore for the quarter ended June 30 compared with Rs.32.70 crore reported in the year-ago period.
The rupee opened marginally higher one paise at 66.88/$ against US Dollar Thursday as against the previous close of 66.89/$.
Asian markets are lower this morning. Markets in China, Taiwan and South Korea were closed for public holidays on Thursday. Wall Street closed flat on Wednesday. The Dow Jones industrial average ended down 0.18% at 18,034.77 points and the S&P 500 gave up 0.06% to 2,125.77. The Nasdaq Composite added 0.36% to 5,173.77.
On the global front, the Bank of England will be a focus as the central bank is seen standing pat after easing policy last month, amid signs it overestimated the initial shock to Britain's economy from June's Brexit vote.
On the economy front, India's wholesale-price index (WPI) rose 3.74% in August, quicker than the 3.55% increase in July.
Labour Minister Bandaru Dattatreya to be present at a National Board for Workers Education and Development event in New Delhi. Finance Minister Jaitley to deliver the key note address at JP Morgan's Conference in New Delhi.
The IPO of L&T Technology Services, an arm of engineering giant Larsen and Toubro (L&T), was subscribed 71 per cent on the second day of the three-day bidding.
At 10:49 AM, the S&P BSE Sensex is trading at 28,368 down mere five points, while NSE Nifty is trading at 8,721 down mere six points.
The BSE Mid-cap Index is trading down 0.35% at 13,129 whereas BSE Small-cap Index is trading up 0.28% at 12,747.
Cipla, Asian Paints, Adani Ports, ITC, RIL, Sun Pharmaceuticals and ICICI Bank are among the gainers, whereas Axis Bank, Infosys, Hero Motocorp, Tata Steel, Power Grid and Wipro are losing sheen on BSE.
Some buying activity is seen in pharma, FMCG, consumer discretionary and utilities sectors, while metal, IT, teck, banking, and metal sectors are showing weakness on BSE.
The INDIA VIX is down 0.37% at 14.7075. Out of 1,862 stocks traded on the NSE, 661 declined, 847 advanced and 354 remained unchanged today.
A total of 48 stocks registered a fresh 52-week high in trades today, while 16 stocks touched a new 52-week low on the NSE.
Jindal Steel & Power Ltd is currently trading at Rs. 84.2, up by Rs. 2.5 or 3.06% from its previous closing of Rs. 81.7 on the BSE. The scrip opened at Rs. 83 and has touched a high and low of Rs. 85.4 and Rs. 82.55 respectively. So far 10036947 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7474.76 crore.
Reliance Communications Ltd gained 0.6% to Rs.51.35. RComm has signed an agreement to merge its wireless business with smaller rival Aircel Ltd. The new entity will combine R-Com’s wireless business and Aircel’s operations in India.
Sun Pharmaceutical Industries Ltd advanced 1.1%. The pharma company said its buyback offer of 75 lakh equity shares will open on 22 September. The issue will close on 5 October.
SBI slipped 0.91%. The bank said it had raised $300 million (about Rs.2,000 crore) through the country's first additional tier 1 (AT1) bond offering. The size of the Basel-III compliant bond was pruned from $500 million.
Tata Power is trading marginally higher at Rs.75.45. Tata Power on Wednesday announced that it has completed the acquisition of Welspun Renewables Energy and has appointed Chetan Tolia as CEO of the newly bought firm.
Ashok Leyland tumbled 3.4% to Rs.81.65. The board of automobile component firm Hinduja Foundries Ltd has given its nod for amalgamating the company with Ashok Leyland subject to regulatory and shareholders approval of both the companies.
BEML dropped 9.2% to Rs.932. BEML Ltd's standalone net loss widened to Rs 107.10 crore for the quarter ended June 30, 2016. The company had posted a net loss from ordinary activities after tax of Rs 68.10 crore in the year-ago period, the company said in a BSE filing.
NBCC gained 1.6% to Rs.253. NBCC (India) Ltd reported 16% increase in consolidated net profit to Rs.47.09 crore for the quarter ended June 30.
Gujarat NRE Coke Ltd slipped 1.7% after the company reported its standalone net loss widened to Rs.108.80 crore for the quarter ended June 30, 2016. The company had posted a net loss from ordinary activities after tax of Rs.60.66 crore in the year-ago period
IVRCL zoomed 2.9% to Rs.5.57. IVRCL has posted a loss of Rs.151.85 crore for the first quarter ended June 30, 2016, as against a loss of Rs.189.65 crore for the corresponding quarter last year on a standalone basis.
MMTC soared 4% to Rs.47.25. MMTC reported a net loss of Rs.7.01 crore for the first quarter ended June 30, 2016. The company had incurred a net loss of Rs.30.55 crore during the corresponding quarter of 2015-16.
Ajanta Pharma inched up 1.3%. Ajanta Pharma's promoters have agreed to consolidate their shareholding in the hands of seven family members and one family-controlled promoter group entity in order to give better visibility to the investors.
Rolta India is trading down 0.16%. The company reported a consolidated net profit of Rs.23.1 crore for the quarter ended June 30 compared with Rs.32.70 crore reported in the year-ago period.
The rupee opened marginally higher one paise at 66.88/$ against US Dollar Thursday as against the previous close of 66.89/$.
Asian markets are lower this morning. Markets in China, Taiwan and South Korea were closed for public holidays on Thursday. Wall Street closed flat on Wednesday. The Dow Jones industrial average ended down 0.18% at 18,034.77 points and the S&P 500 gave up 0.06% to 2,125.77. The Nasdaq Composite added 0.36% to 5,173.77.
On the global front, the Bank of England will be a focus as the central bank is seen standing pat after easing policy last month, amid signs it overestimated the initial shock to Britain's economy from June's Brexit vote.
On the economy front, India's wholesale-price index (WPI) rose 3.74% in August, quicker than the 3.55% increase in July.
Labour Minister Bandaru Dattatreya to be present at a National Board for Workers Education and Development event in New Delhi. Finance Minister Jaitley to deliver the key note address at JP Morgan's Conference in New Delhi.
The IPO of L&T Technology Services, an arm of engineering giant Larsen and Toubro (L&T), was subscribed 71 per cent on the second day of the three-day bidding.
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