At 11:45 AM, the S&P BSE Sensex is trading at 28,990 up 12 points, while NSE Nifty is trading at 8,940 down mere three points.
The BSE Mid-cap Index is trading down 0.02% at 13,471 whereas BSE Small-cap Index is trading up 0.59% at 12,839.
Tata Steel, Tata Motors, SBI, GAIL, ONGC, ICICI Bank and Wipro are among the gainers, whereas Asian Paints, HDFC, Bharti Airtel, NTPC, Axis Bank and HUL are losing sheen on BSE.
Some buying activity is seen in metal, consumer durables, banking, auto, FMCG and oil&gas sectors, while telecom, power, utilities, capital goods, utilities and IT sector is showing weakness on BSE.
The INDIA VIX is up 3.45% at 13.1900. Out of 1,852 stocks traded on the NSE, 653 declined, 902 advanced and 297 remained unchanged today.
A total of 67 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.
State Bank of India gained 2.7% to Rs.267. The bank has raised Rs.2,100 crore through perpetual bonds at 9% interest rate amid fears that perpetual bond-holders may face a delay in interest repayments with most of the state-owned banks posting quarterly losses.
Bhel dropped 2.5%. The company will announce its Q1 numbers today.
Glenmark Pharmaceuticals soared 3%. Glenmark Pharma has discovered a novel drug candidate for the treatment of cancer and plans to conduct clinical trials.
Tata Motors is trading flat at Rs.591 on BSE. The company has won orders to supply 5,000 buses worth Rs.900 crore to 25 state transport units during April-August. This is an 80% jump from the same period a year ago and is the highest in four years, as per media reports.
Sical Logistics slipped 2% to Rs.197. The Board approved the proposal to seek the nod of the shareholders by way of postal ballot for providing corporate guarantee to the Company’s subsidiary Sical Iron Ore Terminals Limited for the financial facility to be availed by the entity and for issue of Non-convertible debentures to the extent of Rs.200 crores during the financial year 2016-17.
Tata Consultancy Services is trading flat on BSE. TCS announced that the Mississippi, Rhode Island and Maine (MRM) Consortium has gone live with the TCS developed Unemployment Insurance (UI) Application for Benefits.
IL&FS Engineering and Construction Company jumped 4%. IL&FS Engineering Services has received the Fax of Acceptance (FOA) from Gas Authority of India Limited (GAIL).
Aegis Logistics soared 7.3%. The company has informed BSE that the Infrastructure India Holding Fund LLC (IIHF), a private equity fund, who invested in the Company in the year 2011 pursuant to Subscription and Shareholders Agreement dated February 25, 2011, has reduced their stake below the limit prescribed under the said agreement.
Lupin Limited gained 1%. The pharma company announced that its US subsidiary, Gavis Pharmaceuticals LLC., U.S.A. (collectively Lupin) has received tentative approval for its Moxifloxacin Hydrochloride Tablets, 400 mg from the United States Food and Drug Administration (FDA) to market a generic version of Bayer Healthcare Pharmaceuticals lnc.'s Avelox Tablets, 400 mg (base).
Oil India gained 1.2% to Rs.394. The company has posted a net profit of Rs.494.4 crore for the quarter ended June 30, 2016 as compared to Rs.743.2 crore for the quarter ended June 30, 2015.
NBCC advanced 1.6% to Rs.251 after the company has secured orders worth Rs 270 crore from University Grant Commission, the company said.
Reliance Capital inched up 1.6% to Rs.567. The company has raised about Rs.2,000 crore through non-convertible debentures.
SpiceJet jumped 2.5% to Rs.57.75. The aviation company will announce its Q1 numbers today.
Jindal Poly Films Ltd fell 4.2% to Rs.411.45 after the company said its net profit fell 39% in June quarter to Rs.98.84 crore against Rs.162.75 crore a year ago. Its net sales fell 7.9% to Rs.17,77.03 crore.
Nitin Fire Protection Industries Ltd rose 3.1% to Rs.30 after the company said its net profit rose 35.72% in June quarter to Rs.28.19 crore against Rs.20.77 crore a year ago. Net sales rose 3.6% to Rs.350.14 crore.
Bharat Forge Ltd gained 2.7% to Rs.895 after its Class 8 truck sales in US rises 40% after continuous fall for 20 months,as per media reports.
Syngene International Ltd climbed 5.2% to Rs.497. The company has announced the establishment of multi disciplinary drug discovery and development center for Amgen, Inc.
The rupee opened higher by 19 paise at 66.36/$ against US Dollar Wednesday as against the previous close of 66.52/$.
Asian shares opened mixed. Shanghai Composite and Hang Seng are trading in green, while Nikkei 225 is in red.
Wall Street closed higher on Tuesday. The Dow Jones industrial average rose 0.25%, to end 18,538.12 points, the S&P 500 gained 0.3%, to close at 2,186.48 points. The Nasdaq closed 0.5% higher, at 5,275.91 points.
The dollar tumbled after economic data showed the US service sector grew at its slowest pace since early 2010, which dimmed expectations for a near-term interest rate increase from the Federal Reserve.
Today, Prime Minister Narendra Modi to attend the 14th ASEAN-India Summit and the 11th East Asia Summit in Laos. Select auto companies will gain attention as the National Green Tribunal will hear the diesel vehicle ban case today.
The BSE Mid-cap Index is trading down 0.02% at 13,471 whereas BSE Small-cap Index is trading up 0.59% at 12,839.
Tata Steel, Tata Motors, SBI, GAIL, ONGC, ICICI Bank and Wipro are among the gainers, whereas Asian Paints, HDFC, Bharti Airtel, NTPC, Axis Bank and HUL are losing sheen on BSE.
Some buying activity is seen in metal, consumer durables, banking, auto, FMCG and oil&gas sectors, while telecom, power, utilities, capital goods, utilities and IT sector is showing weakness on BSE.
The INDIA VIX is up 3.45% at 13.1900. Out of 1,852 stocks traded on the NSE, 653 declined, 902 advanced and 297 remained unchanged today.
A total of 67 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.
State Bank of India gained 2.7% to Rs.267. The bank has raised Rs.2,100 crore through perpetual bonds at 9% interest rate amid fears that perpetual bond-holders may face a delay in interest repayments with most of the state-owned banks posting quarterly losses.
Bhel dropped 2.5%. The company will announce its Q1 numbers today.
Glenmark Pharmaceuticals soared 3%. Glenmark Pharma has discovered a novel drug candidate for the treatment of cancer and plans to conduct clinical trials.
Tata Motors is trading flat at Rs.591 on BSE. The company has won orders to supply 5,000 buses worth Rs.900 crore to 25 state transport units during April-August. This is an 80% jump from the same period a year ago and is the highest in four years, as per media reports.
Sical Logistics slipped 2% to Rs.197. The Board approved the proposal to seek the nod of the shareholders by way of postal ballot for providing corporate guarantee to the Company’s subsidiary Sical Iron Ore Terminals Limited for the financial facility to be availed by the entity and for issue of Non-convertible debentures to the extent of Rs.200 crores during the financial year 2016-17.
Tata Consultancy Services is trading flat on BSE. TCS announced that the Mississippi, Rhode Island and Maine (MRM) Consortium has gone live with the TCS developed Unemployment Insurance (UI) Application for Benefits.
IL&FS Engineering and Construction Company jumped 4%. IL&FS Engineering Services has received the Fax of Acceptance (FOA) from Gas Authority of India Limited (GAIL).
Aegis Logistics soared 7.3%. The company has informed BSE that the Infrastructure India Holding Fund LLC (IIHF), a private equity fund, who invested in the Company in the year 2011 pursuant to Subscription and Shareholders Agreement dated February 25, 2011, has reduced their stake below the limit prescribed under the said agreement.
Lupin Limited gained 1%. The pharma company announced that its US subsidiary, Gavis Pharmaceuticals LLC., U.S.A. (collectively Lupin) has received tentative approval for its Moxifloxacin Hydrochloride Tablets, 400 mg from the United States Food and Drug Administration (FDA) to market a generic version of Bayer Healthcare Pharmaceuticals lnc.'s Avelox Tablets, 400 mg (base).
Oil India gained 1.2% to Rs.394. The company has posted a net profit of Rs.494.4 crore for the quarter ended June 30, 2016 as compared to Rs.743.2 crore for the quarter ended June 30, 2015.
NBCC advanced 1.6% to Rs.251 after the company has secured orders worth Rs 270 crore from University Grant Commission, the company said.
Reliance Capital inched up 1.6% to Rs.567. The company has raised about Rs.2,000 crore through non-convertible debentures.
SpiceJet jumped 2.5% to Rs.57.75. The aviation company will announce its Q1 numbers today.
Jindal Poly Films Ltd fell 4.2% to Rs.411.45 after the company said its net profit fell 39% in June quarter to Rs.98.84 crore against Rs.162.75 crore a year ago. Its net sales fell 7.9% to Rs.17,77.03 crore.
Nitin Fire Protection Industries Ltd rose 3.1% to Rs.30 after the company said its net profit rose 35.72% in June quarter to Rs.28.19 crore against Rs.20.77 crore a year ago. Net sales rose 3.6% to Rs.350.14 crore.
Bharat Forge Ltd gained 2.7% to Rs.895 after its Class 8 truck sales in US rises 40% after continuous fall for 20 months,as per media reports.
Syngene International Ltd climbed 5.2% to Rs.497. The company has announced the establishment of multi disciplinary drug discovery and development center for Amgen, Inc.
The rupee opened higher by 19 paise at 66.36/$ against US Dollar Wednesday as against the previous close of 66.52/$.
Asian shares opened mixed. Shanghai Composite and Hang Seng are trading in green, while Nikkei 225 is in red.
Wall Street closed higher on Tuesday. The Dow Jones industrial average rose 0.25%, to end 18,538.12 points, the S&P 500 gained 0.3%, to close at 2,186.48 points. The Nasdaq closed 0.5% higher, at 5,275.91 points.
The dollar tumbled after economic data showed the US service sector grew at its slowest pace since early 2010, which dimmed expectations for a near-term interest rate increase from the Federal Reserve.
Today, Prime Minister Narendra Modi to attend the 14th ASEAN-India Summit and the 11th East Asia Summit in Laos. Select auto companies will gain attention as the National Green Tribunal will hear the diesel vehicle ban case today.
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