Friday 30 September 2016

Live Stock Market Updates - Sensex rallies over 100 points; Nifty above 8,600 mark

The Indian equity market started off the first day of October series on a positive note, rebounding sharply after previous day's sharp sell-off. The domestic market are trading marginally down on continued selling in view of geo-political tension.

At 2:31 PM, the S&P BSE Sensex is trading at 27,916 up 88 points, while NSE Nifty is trading at 8,571 down 20 points.

The BSE Mid-cap Index is trading up 1.82% at 13,150 whereas BSE Small-cap Index is trading up 1.85% at 12,746.

GAIL, Power Grid, ONGC, Wipro and M&M are among the gainers, whereas Coal India, Cipla, Bharti Airtel and Adani Ports are losing sheen on BSE.

Some buying activity is seen in realty, oil & gas, utilities, auto and energy sectors, while telecom, metal, capital goods and FMCG are showing weakness on BSE.

The INDIA VIX is down 7.62% at 17.0425. Out of 1,870 stocks traded on the NSE, 427 declined, 1,149 advanced and 294 remained unchanged today.

A total of 12 stocks registered a fresh 52-week high in trades today, while 50 stocks touched a new 52-week low on the NSE.

Liquor stocks rallied on the BSE after the Patna HC struck down the Bihar Prohibition of Liquor Act, calling it illegal.

United Spirits Ltd is currently trading at Rs. 2439, up by Rs. 131.55 or 5.7% from its previous closing of Rs. 2307.45 on the BSE. The scrip opened at Rs. 2325 and has touched a high and low of Rs. 2453.55 and Rs. 2325 respectively. So far 850646(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 33534.17 crore.

United Breweries Ltd is currently trading at Rs. 900.05, up by Rs. 22.5 or 2.56% from its previous closing of Rs. 877.55 on the BSE. The scrip opened at Rs. 879 and has touched a high and low of Rs. 908.4 and Rs. 879 respectively. So far 384241 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 23202.42 crore.

The Bihar government had instituted a tough prohibition law to prevent consumption of liquor in the state. Starting April 1 this year, country-made liquor was banned. Then the ban was extended to Indian Made Foreign Liquor, as per media reports.

Radico Khaitan Ltd is currently trading at Rs. 121.7, up by Rs. 9.05 or 8.03% from its previous closing of Rs. 112.65 on the BSE. The scrip opened at Rs. 115 and has touched a high and low of Rs. 123.9 and Rs. 113.25 respectively. So far 1934658 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1498.81 crore.

Tilaknagar Industries Ltd is currently trading at Rs. 17.7, up by Rs. 1.1 or 6.63% from its previous closing of Rs. 16.6 on the BSE. The scrip opened at Rs. 17.2 and has touched a high and low of Rs. 18.1 and Rs. 16.55 respectively. So far 1421840 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 207.1 crore.

Seamec soared 8.8% after the company has entered into an agreement with HAL Offshore (HAL) for deployment of vessel SEAMEC II along with provision of services of ROV, the contract commenced with effect from September 28, 2016.

Lovable Lingerie climbed 2.5% on the BSE. Promoters of Lovable Lingerie Ltd are in talks with private equity funds to sell 15-20% stake in the company, as per media reports.

Alkem Laboratories Ltd tanked 6.5% after the company has received 13 observations from the US Food and Drug Administration (USFDA) after the regulator inspected its manufacturing facility at Daman.

Yes Bank gained 1.3% after the bank is planning to raise up to Rs.2,500 crore by issuing long-term bonds on a private placement basis.

NHPC zoomed 2% after the company has signed a power purchase pact with the Government of Rajasthan as well as Inox Ltd for a 50 mw wind power project in the state.

Lupin inched up 1%. The company said it has received approval from the US health regulator to market its memantine hydrochloride extended-release capsules, used in treating Alzheimer's disease.

Zee Entertainment Enterprises Ltd gained 0.55% after the company announced acquisition of UAE-based radio station. The company already operates satellite television channels like Zee Aflam and Zee Alwan in the UAE market.

Kotak Mahindra Bank is trading marginally lower on the BSE. ING offloaded a 2.5% stake in Kotak Mahindra Bank for an estimated Rs 3,653 crore through an open market transaction.

Sintex Industries jumped 6% to Rs.77.50 after the company said its board has approved demerger of custom moulding business and prefab business from its two arms Sintex BAPL and Sintex Infra Projects, respectively

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