Wednesday 21 September 2016

Live Stock Market Updates - Sensex, Nifty end flat

Closing Bell:
Finally, the BSE Sensex ended with a loss of 16 points at 28,507. The BSE Sensex opened at 28,554 touched an intra-day high of 28,689 and low of 28,462.

The NSE Nifty closed with a loss of mere one points at 8,777. The NSE Nifty opened at 8,790 hitting a high of 8,827 and low of 8,757.30.

Live Market:

The S&P BSE Sensex on Wednesday jumped over 100 points, while the broader Nifty went above its key 8,800 level. The Nifty opened 14 points up at 8,790, while the Sensex opened 31 points up at 28,554. The Bank of Japan refrained from cutting interest rates from -0.1% at its monetary policy meeting, choosing instead to modify its existing policy framework.

At 2:03 PM, the S&P BSE Sensex is trading at 28,561 up 37 points, while NSE Nifty is trading at 8,788 up 17 points. The BSE Mid-cap Index is trading up 0.23% at 13,150 whereas BSE Small-cap Index is trading up 0.50% at 12,861.

Adani Ports, Bharti Airtel, GAIL, Axis Bank, Sun Pharmaceuticals and Power Grid are among the gainers, whereas Hero MotoCorp, Maruti Suzuki, Bajaj Auto and ONGC are losing sheen on BSE.

Some buying activity is seen in telecom, realty, capital goods, consumer durables, utilities and  pharma sectors, while auto sector is showing weakness on BSE.

On the global front, the US Federal Reserve is scheduled to deliver their latest monetary policy decisions on Wednesday.

Welspun Corp Ltd is currently trading at Rs. 77.25, up by Rs. 2.95 or 3.97% from its previous closing of Rs. 74.3 on the BSE. The company announced that the Company's manufacturing unit at Anjar, Gujarat has been awarded with the following awards in the 27th Annual Convention on Quality Concepts organized by the Quality Circle Forum of India, Secunderabad (Vadodara Chapter).

Team Lease Services Ltd is currently trading at Rs. 1160.25, up by Rs. 61.15 or 5.56% from its previous closing of Rs. 1099.1 on the BSE. The company has signed a definitive agreement to acquire NichePro Technologies Pvt Ltd for an enterprise value of up to Rs. 29.5 crore.

Inox Leisure Ltd is currently trading at Rs. 272.5, up by Rs. 2.25 or 0.83% from its previous closing of Rs. 270.25 on the BSE. The Reserve Bank has allowed foreign investors to buy up to 49% stake in Inox Leisure Ltd under the Portfolio Investment Scheme (PIS).

Shriram EPC Ltd is currently trading at Rs. 25.95, up by Rs. 2.75 or 11.85% from its previous closing of Rs. 23.2 on the BSE. The company announced that it has been awarded contract of over Rs.74 crore. The company received an order from Chennai Metropolitan Water Supply and Sewage Board for providing comprehensive water supply scheme in Chennai city.

Adani Ports inched up 1%. Abbot Point Operations Pty Ltd (APO), the Australian subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ) has entered into an agreement to acquire ownership of Abbot Point Bulkcoal Pty Ltd (APB).

Kolte-Patil Developers Ltd slipped 1% to Rs.127. The company said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with Portman Holdings. 

The INDIA VIX is down 1.20% at 14.6025. Out of 1,866 stocks traded on the NSE, 629 declined, 950 advanced and 287 remained unchanged today.

A total of 56 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.

The rupee opened higher two paise at 66.99/$ against US Dollar Wednesday as against the previous close of 67/$.

Asian markets got off to a tentative start. Shanghai Composite and Hang Seng are trading in red, while Nikkei 225 is marginally down.

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