Thursday 6 October 2016

Live Stock Market Updates - Nifty holds 8700 mark

At 1:50 PM, the S&P BSE Sensex is trading at 28,199 down 22 points, while NSE Nifty is trading at 8,737 down mere seven points.

The BSE Mid-cap Index is trading down 0.17% at 13,594 whereas BSE Small-cap Index is trading down 0.11% at 13,275.

GAIL, RIL, ONGC, RIL, HUL, Tata Steel and HDFC are among the gainers, whereas Axis Bank, Infosys, ICICI Bank, M&M, Cipla and Dr.Reddy's are losing sheen on BSE.

Some buying activity is seen in oil & gas, metal, energy, utilities, telecom and power sectors, while IT and teck are showing weakness on BSE.

The INDIA VIX is down 1.05% at 14.7675. Out of 1,873 stocks traded on the NSE, 805 declined, 787 advanced and 281 remained unchanged today.

A total of 135 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.

The rupee opened lower four paise at 66.56/$ against US Dollar Thursday as against the previous close of 66.50/$.

Sagar Cements Ltd is currently trading at Rs. 745.45, up by Rs. 11.6 or 1.58% from its previous closing of Rs. 733.85 on the BSE. Sagar Cements reported the cement production and sales figures for September 2016. The company's sales were up by 29% on a consolidated basis and lower by 15% on standalone basis.

Goa Carbon Ltd soared 16.5% to Rs 137. The company reported a net profit of Rs 4.62 crore in June quarter against net loss of Rs 2.96 crore. Its net sales increased 0.3% to Rs 79.03 crore.

NMDC Ltd is currently trading at Rs.116.05, up by Rs.4.6 or 4.13% from its previous closing of Rs.111.45 on the BSE. The company has fixed the prices of Lump Ore at Rs.2,100/WMT, while the prices of Fines have been fixed at Rs.1,760/WMT. The Ore prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee etc.

Jaiprakash Power Ventures Ltd is currently trading at Rs.4.55, up by Rs.0.41 or 9.9% from its previous closing of Rs.4.14 on the BSE. The company has informed BSE that meeting of the Board of Directors of the company will be held on October 6, to consider the recommendations of Committee of Directors (for Restructuring) regarding proposals of restructuring including divestment of one or more units and review the progress made in the reduction of company’s debt.

Indian Oil Corporation Ltd is currently trading at Rs. 652.5, up by Rs. 36.55 or 5.93% from its previous closing of Rs. 615.95 on the BSE, after fixing October 19 as the record date for the purpose of ascertaining the eligibility of shareholders, for issuance of bonus shares in the ratio of 1:1 i.e. one new bonus equity share of Rs.10 each for every one existing equity share of Rs.10 each held.

Grasim Industries Ltd is currently trading at Rs. 1008.05, up by Rs. 21.43 or 2.17% from its previous closing of Rs. 986.62 on the BSE. The company has fixed October 8, as the Record Date for the purpose of sub-division of each Equity Share of the Company having a face value of Rs 10 each fully paid-up into 5 Equity Shares of the face value of Rs 2 each fully paid-up.

Phillips Carbon Black advanced 1.9% to Rs.275 after the board approved amalgamation of Goodluck Dealcom unit with self.
 
Bosch gained 1.3% after the company plans to buy back 8.78 lakh shares at a price of 23,000 a share. Bosch had fixed September 27 as the record date.

Jindal Steel & Power Ltd tanked 5% to Rs.79.20. The company has defaulted on interest repayments to its bondholders due on September 30, 2016. Those NCDs had a coupon rate of 9.8% with about two-10 year maturities with banks, provident funds believed to be the investors.

Bharti Airtel is trading marginally lower at Rs.321.45 on the BSE. The company announced the launch of 4G data services in Gujarat as it rolls out services in Ahmedabad, thereby providing 4G in 17 circles across India.

Cosmo Films Ltd is currently trading at Rs. 419, up by Rs. 1.3 or 0.31% from its previous closing of Rs. 417.7 on the BSE. The company has entered into a definitive MOU for purchase of about 34 acres of industrial land adjacent to its existing manufacturing plant on 16 acres of land at Waluj, Aurangabad, Maharashtra for setting up new production facilities in due course.

Hexaware Tech slipped 1.6% to Rs.187. The company has opened a new global delivery centre in Bucharest, Romania.

Jubilant Life Sciences dropped 1.5% to Rs.635 on the BSE. The company said its wholly-owned subsidiary has received approval from the Australian health regulator Therapeutic Goods Administration (TGA) for Lyophilised kit for the preparation of injection used for lung scan.

ONGC inched up 1% to Rs.269. The Cabinet Committee on Economic Affairs has given its approval to an acquisition by ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, for 11% stake in JSC Vankorneft from Rosneft Oil Company (Rosneft), Russia’s national oil company.

Vedanta zoomed 3% after the company said it will raise up to Rs.12.50 bn through issuance of non-convertible debentures (NCDs).

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