The Indian equity market snapped a four-day winning streak on Tuesday led by profit booking, coupled with negative global cues and caution ahead of major global financial events. Today’s major decline was led by the realty, power, capital goods, FMCG, auto, IT and telecom stocks, while metal and oil & gas among the gainer.
Among the Nifty stocks, Yes Bank, Bharti Infratel, ONGC, Eicher Motors, Hindalco, Tata Steel and Cipla were the gainers whereas Hero MotoCorp, Adani Ports, Bajaj Auto, IndusInd Bank, ACC and Tata Power were among the losers today.
Finally, the BSE Sensex ended with a loss of 111 points at 28,523. The BSE Sensex opened at 28,691 touched an intra-day high of 28,699 and low of 28,481.
The NSE Nifty closed with a loss of 33 points at 8,776. The NSE Nifty opened at 8,816 hitting a high of 8,816.45 and low of 8,759.
The India VIX (Volatility) index was down 1.07% at 14.7800. Out of 1,501 stocks traded on the NSE, 900 declined and 526 advanced today. The BSE Midcap and Smallcap indices closed lower.
The rupee was trading down seven paise at 67.03 per US dollar.
On the global front, Asian stocks edged lower on Tuesday. Japan’s Nikkei closed marginally down. China’s Shanghai Composite and Hong Kong’s Hang Seng ended marginally lower.
European stocks retreated, after rising the most in two weeks as investors awaited the Federal Reserve’s Wednesday meeting. The FTSE 100 was marginally up 0.52%. The CAC 40 and DAX gained 0.3% each.
Castrol India rallied 8.8% after its promoter British Petroleum sold 8.5% stake in Castrol India. Post sale, British energy giant now holds 51% in its Indian lubricants subsidiary.
Jubilant FoodWorks tumbled 6%. The company said its CEO and whole-time director Ajay Kaul will resign to pursue opportunities outside the company.
Cadila Healthcare advanced 1.5%. Zydus Cadila and Takeda Pharmaceutical Company announced a partnership to tackle chikungunya, an emerging infectious disease.
IFCI zoomed 4%. The company will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE) to Axis Bank for Rs 22.72 crore.
GTL Infrastructure jumped 14.8% to Rs.2.86 on the BSE. The company informed BSE that the company is a part of the Global Group (being Global Holding Corporation Pvt. Ltd, GTL Limited, the Company and Chennai Network Infrastructure Limited (CNIL) and together with its affiliate company, CNIL, owns and operates an independent telecom tower network, with over 27,000 towers and over 45,000 tenancies pan India. The company has invested Rs.1,800 crores in CNIL.
Hotel Leela Venture zoomed 1.4%. The company gets shareholder approval for sale/transfer of The Leela Palace, Chennai and/or The Leela Palace, New Delhi.
K P R Mill Ltd gained 1%. The Board of Directors meeting of the Company is scheduled to be held on October 5, 2016, inter alia, to consider the subdivision of Equity Shares of the Company of face value of Rs. 10 each. The company to amendment to Capital Clause of Memorandum of Association for the above.
Mangalam Cement Ltd rose 2.3% after the company has commenced Commercial Production of the New Cement Grinding Unit with a capacity of 0.75 Million Tons Per Annum (MTPA) at Aligarh, Uttar Pradesh. The overall capacity is now enhanced from 3.25 MTPA to 4.00 MTPA.
Den Network soared 3.2% to Rs.81. The company said that its board has approved the allotment of 1.58 crore shares on preferential basis to affiliates of the Goldman Sachs Group that form part of the persons belonging to the non-promoter category.
Bharat Rasayan climbed 20% to Rs.1,782 after the company said it reported a net profit of Rs.14.52 crore in June quarter, up 76.45% from Rs.8.23 crore a year ago. Net sales rose 46% to Rs.166.25 crore.
Mindteck hit 20% to Rs.94.10 after the compamy announced that it has implemented a smart parking pilot project at Connaught Place, C Block, New Delhi, for New Delhi Municipal Corporation (NDMC).
A total of 50 stocks registered a fresh 52-week high in trades today, whereas 18 stocks touched a new 52-week low on the NSE.
Among the Nifty stocks, Yes Bank, Bharti Infratel, ONGC, Eicher Motors, Hindalco, Tata Steel and Cipla were the gainers whereas Hero MotoCorp, Adani Ports, Bajaj Auto, IndusInd Bank, ACC and Tata Power were among the losers today.
Finally, the BSE Sensex ended with a loss of 111 points at 28,523. The BSE Sensex opened at 28,691 touched an intra-day high of 28,699 and low of 28,481.
The NSE Nifty closed with a loss of 33 points at 8,776. The NSE Nifty opened at 8,816 hitting a high of 8,816.45 and low of 8,759.
The India VIX (Volatility) index was down 1.07% at 14.7800. Out of 1,501 stocks traded on the NSE, 900 declined and 526 advanced today. The BSE Midcap and Smallcap indices closed lower.
The rupee was trading down seven paise at 67.03 per US dollar.
On the global front, Asian stocks edged lower on Tuesday. Japan’s Nikkei closed marginally down. China’s Shanghai Composite and Hong Kong’s Hang Seng ended marginally lower.
European stocks retreated, after rising the most in two weeks as investors awaited the Federal Reserve’s Wednesday meeting. The FTSE 100 was marginally up 0.52%. The CAC 40 and DAX gained 0.3% each.
Castrol India rallied 8.8% after its promoter British Petroleum sold 8.5% stake in Castrol India. Post sale, British energy giant now holds 51% in its Indian lubricants subsidiary.
Jubilant FoodWorks tumbled 6%. The company said its CEO and whole-time director Ajay Kaul will resign to pursue opportunities outside the company.
Cadila Healthcare advanced 1.5%. Zydus Cadila and Takeda Pharmaceutical Company announced a partnership to tackle chikungunya, an emerging infectious disease.
IFCI zoomed 4%. The company will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE) to Axis Bank for Rs 22.72 crore.
GTL Infrastructure jumped 14.8% to Rs.2.86 on the BSE. The company informed BSE that the company is a part of the Global Group (being Global Holding Corporation Pvt. Ltd, GTL Limited, the Company and Chennai Network Infrastructure Limited (CNIL) and together with its affiliate company, CNIL, owns and operates an independent telecom tower network, with over 27,000 towers and over 45,000 tenancies pan India. The company has invested Rs.1,800 crores in CNIL.
Hotel Leela Venture zoomed 1.4%. The company gets shareholder approval for sale/transfer of The Leela Palace, Chennai and/or The Leela Palace, New Delhi.
K P R Mill Ltd gained 1%. The Board of Directors meeting of the Company is scheduled to be held on October 5, 2016, inter alia, to consider the subdivision of Equity Shares of the Company of face value of Rs. 10 each. The company to amendment to Capital Clause of Memorandum of Association for the above.
Mangalam Cement Ltd rose 2.3% after the company has commenced Commercial Production of the New Cement Grinding Unit with a capacity of 0.75 Million Tons Per Annum (MTPA) at Aligarh, Uttar Pradesh. The overall capacity is now enhanced from 3.25 MTPA to 4.00 MTPA.
Den Network soared 3.2% to Rs.81. The company said that its board has approved the allotment of 1.58 crore shares on preferential basis to affiliates of the Goldman Sachs Group that form part of the persons belonging to the non-promoter category.
Bharat Rasayan climbed 20% to Rs.1,782 after the company said it reported a net profit of Rs.14.52 crore in June quarter, up 76.45% from Rs.8.23 crore a year ago. Net sales rose 46% to Rs.166.25 crore.
Mindteck hit 20% to Rs.94.10 after the compamy announced that it has implemented a smart parking pilot project at Connaught Place, C Block, New Delhi, for New Delhi Municipal Corporation (NDMC).
A total of 50 stocks registered a fresh 52-week high in trades today, whereas 18 stocks touched a new 52-week low on the NSE.
No comments:
Post a Comment