Wednesday 7 September 2016

Live Stock Market Updates - Sensex, Nifty end lower

Closing Bell:
The Sensex and Nifty closed lower on Wednesday, pausing after a two-day rally. 

Finally, the BSE Sensex ended with a loss of 52 points at 28,926. The BSE Sensex opened at 29,036 touched an intra-day high of 29,068 and low of 28,911.

The NSE Nifty closed with a loss of 25 points at 8,918. The NSE Nifty opened at 8,969 hitting a high of 8,969 and low of 8,913.

Live Market:

At 2:07 PM, the S&P BSE Sensex is trading at 29,030 up 52 points, while NSE Nifty is trading at 8,951 up mere eight points.

The BSE Mid-cap Index is trading up 0.21% at 13,501 whereas BSE Small-cap Index is trading up 0.63% at 12,844.

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.
Indoco Remedies Ltd is currently trading at Rs. 342, up by Rs. 20.7 or 6.44% from its previous closing of Rs. 321.3 on the BSE. Indoco Remedies Ltd has informed BSE that USFDA inspected the Company's Goa Plant II from August 31, 2016 to September 04, 2016. The injectable ANDA filings triggered this inspection.

Bharat Heavy Electricals Ltd is currently trading at Rs. 160.6, up by Rs. 22.25 or 16.08% from its previous closing of Rs. 138.35 on the BSE. The company has posted a net profit of Rs.77.7 crore for the quarter ended June 30, 2016 as compared to Rs.50.4 crore for the quarter ended June 30, 2015. 

Oil & Natural Gas Corpn Ltd is currently trading at Rs. 245.7, up by Rs. 6.6 or 2.76% from its previous closing of Rs. 239.1 on the BSE. The company will announce its Q1 results today.

Shares of public sector undertaking (PSUs) banks were trading higher by up to 4% on the National Stock Exchange. Arun Jaitley today said India is not ready for their privatisation and the present characteristics of PSU banks will continue except for IDBI Bank. On stressed assets, the finance minister said the Centre has initiated a large number of steps to reduce NPAs.

FM also hinted that the government is ready to provide an additional capital over the Rs.25,000 crore amount announced in the Budget. The PSU bank Nifty opened at 3,232.45 and hits a high of 3,342.30 and a low of 3,212.80.

Canara Bank is currently trading at Rs. 309.8, up by Rs. 22.6 or 7.87% from its previous closing of Rs. 287.2 on the BSE. The scrip opened at Rs. 286 and has touched a high and low of Rs. 314.45 and Rs. 286 respectively. So far 10799194 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 15594.7 crore.

Punjab National Bank is currently trading at Rs. 140.5, up by Rs. 7.8 or 5.88% from its previous closing of Rs. 132.7 on the BSE. The scrip opened at Rs. 133.7 and has touched a high and low of Rs. 142.35 and Rs. 133.7 respectively. So far 31232260 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 26056.94 crore.

Union Bank of India is currently trading at Rs. 152, up by Rs. 6.35 or 4.36% from its previous closing of Rs. 145.65 on the BSE. The scrip opened at Rs. 147.6 and has touched a high and low of Rs. 154.2 and Rs. 146.45 respectively. So far 9988640 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10012.58 crore.

Bank of Baroda is currently trading at Rs. 176.5, up by Rs. 7.05 or 4.16% from its previous closing of Rs. 169.45 on the BSE. The scrip opened at Rs. 170.95 and has touched a high and low of Rs. 177.4 and Rs. 170.65 respectively. So far 14264947 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 39043.98 crore.

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