The BSE Sensex ended with a loss of 88 points at 28,091. The BSE Sensex opened at 28,159 touched an intra-day high of 28,211 and low of 28,014.
The NSE Nifty closed with a loss of 18 points at 8,691. The NSE Nifty opened at 8,722 hitting a high of 8,723 and low of 8,663.
The Indian equity market has opened in red with focus in Tata Group stocks. The domestic market is trading in a negative zone. The Sensex and Nifty dragged down by the stocks of Tata Group companies after Cyrus Mistry was ousted as chairman of salt-to-software conglomerate Tata Sons, in a move that caught markets by surprise.
The S&P BSE Sensex is trading at 28,085 down 94 points, while NSE Nifty is trading at 8,683 down 26 points.
The BSE Mid-cap Index is trading down 0.35% at 13,538 whereas BSE Small-cap Index is trading UP 0.03% at 13,506.
ICICI Bank, Adani Ports, Cipla, Sun Pharma, Axis Bank, Lupin and Maruti Suzuki are among the gainers, whereas Tata Steel, HDFC, HDFC Bank, TCS, NTPC, GAIL and Bharti Airtel are losing sheen on BSE.
Some buying activity is seen in pharma, banking, capital goods and industrial and energy sectors, while oil & gas, telecom, metal and utilities are showing weakness on BSE.
The INDIA VIX is up 1.62% at 14.5650. Out of 1,885 stocks traded on the NSE, 904 declined, 689 advanced and 292 remained unchanged today.
A total of 51 stocks registered a fresh 52-week high in trades today, while four stocks touched a new 52-week low on the NSE.
Tata Group stocks are trading in a negative zone after Ratan Tata took back control of the Tata Group after Cyrus Mistry was abruptly removed as chairman of the $100 billion coffee-to-steel business empire. Tata Steel fell 2.5%, TCS slipped 1% while Tata Metaliks tumbled 3%.
Dr Reddys Laboratories inched up 0.63%. The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 309 crore for the quarter ended September 30, 2016 as compared to Rs 775 crore for the quarter ended September 30, 2015.
Idea Cellular dipped 2.3% after the company posted an 88% plunge in its consolidated net profit at Rs 91.46 crore in the September quarter due to higher expenses.
HDFC Bank is trading down by 1% at Rs 1255. The bank will announce its Q2 numbers today.
ONGC slipped 1%. The board of Oil and Natural Gas Corporation will on Thursday consider issuing a bonus share to increase liquidity ahead of government disinvestment.
Bharti Infratel zoomed 3.6%. The company posted 31% increase in consolidated net profit at Rs 776.6 crore for the September quarter of the current financial year.
GTL Infra tanked 4.8% to Rs 5.35. New Avenue Brookfield-Reliance Infratel, Canadian pension fund and Abu Dhabi investor show interest in co's 27,000 telecom towers that will be auctioned to convert Rs 3,300-crore debt into equity under strategic debt restructuring process, as per media reports.
Reliance Capital slipped 1%. Reliance Capital reported a consolidated net profit of Rs 253 crore for the second quarter, up 1% from the year-ago period, as it made provision to beef up reserves in general insurance business.
Tata Metaliks slumped 3.3%. The company said its consolidated net profit rose by 7% to Rs 22 crore for the quarter ended September 30, 2016.
Adani Transmission tanked 2.4% after the company reported a 38.6% drop in consolidated net profit at Rs 99.5 crore in the quarter ended September 30.
Mahindra CIE Automotive Ltd gained 1.5%. The September quarter net profit Rs 14.5 crore compared with Rs 9.4 crore last year. The September quarter total income from operations Rs 443 crore compared with Rs 432 crore last year.
Sasken Communication Technologies jumped 4.8%. The board of directors of Sasken Communication Technologies will meet on October 27 to consider a buyback of fully paid-up equity shares, and decide the quantum and mode of acquisition and other related matters.
Indiabulls Real Estate slipped 1.3% after the company reported its consolidated net profit at Rs 141.6 crore for the quarter ended September. Total revenue for the quarter rose 15 per cent from a year ago to Rs 911.9 crore, the company said in a release.
The rupee opened lower by eight paise at 66.93/$ as against the previous close of 66.85/$.
Asian markets opened in the green as overnight US indices rallied as markets looked beyond earnings & fresh merger activity re ignited the bulls.
The PNB Housing Finance IPO which saw encouraging response will hit the market today. Geo-political issues remain in focus after militants attacked a police academy in Pakistani city of Quetta killing dozens of cadets.
The NSE Nifty closed with a loss of 18 points at 8,691. The NSE Nifty opened at 8,722 hitting a high of 8,723 and low of 8,663.
The Indian equity market has opened in red with focus in Tata Group stocks. The domestic market is trading in a negative zone. The Sensex and Nifty dragged down by the stocks of Tata Group companies after Cyrus Mistry was ousted as chairman of salt-to-software conglomerate Tata Sons, in a move that caught markets by surprise.
The S&P BSE Sensex is trading at 28,085 down 94 points, while NSE Nifty is trading at 8,683 down 26 points.
The BSE Mid-cap Index is trading down 0.35% at 13,538 whereas BSE Small-cap Index is trading UP 0.03% at 13,506.
ICICI Bank, Adani Ports, Cipla, Sun Pharma, Axis Bank, Lupin and Maruti Suzuki are among the gainers, whereas Tata Steel, HDFC, HDFC Bank, TCS, NTPC, GAIL and Bharti Airtel are losing sheen on BSE.
Some buying activity is seen in pharma, banking, capital goods and industrial and energy sectors, while oil & gas, telecom, metal and utilities are showing weakness on BSE.
The INDIA VIX is up 1.62% at 14.5650. Out of 1,885 stocks traded on the NSE, 904 declined, 689 advanced and 292 remained unchanged today.
A total of 51 stocks registered a fresh 52-week high in trades today, while four stocks touched a new 52-week low on the NSE.
Tata Group stocks are trading in a negative zone after Ratan Tata took back control of the Tata Group after Cyrus Mistry was abruptly removed as chairman of the $100 billion coffee-to-steel business empire. Tata Steel fell 2.5%, TCS slipped 1% while Tata Metaliks tumbled 3%.
Dr Reddys Laboratories inched up 0.63%. The company has posted a net profit after tax, minority interest and share of profit of associates of Rs 309 crore for the quarter ended September 30, 2016 as compared to Rs 775 crore for the quarter ended September 30, 2015.
Idea Cellular dipped 2.3% after the company posted an 88% plunge in its consolidated net profit at Rs 91.46 crore in the September quarter due to higher expenses.
HDFC Bank is trading down by 1% at Rs 1255. The bank will announce its Q2 numbers today.
ONGC slipped 1%. The board of Oil and Natural Gas Corporation will on Thursday consider issuing a bonus share to increase liquidity ahead of government disinvestment.
Bharti Infratel zoomed 3.6%. The company posted 31% increase in consolidated net profit at Rs 776.6 crore for the September quarter of the current financial year.
GTL Infra tanked 4.8% to Rs 5.35. New Avenue Brookfield-Reliance Infratel, Canadian pension fund and Abu Dhabi investor show interest in co's 27,000 telecom towers that will be auctioned to convert Rs 3,300-crore debt into equity under strategic debt restructuring process, as per media reports.
Reliance Capital slipped 1%. Reliance Capital reported a consolidated net profit of Rs 253 crore for the second quarter, up 1% from the year-ago period, as it made provision to beef up reserves in general insurance business.
Tata Metaliks slumped 3.3%. The company said its consolidated net profit rose by 7% to Rs 22 crore for the quarter ended September 30, 2016.
Adani Transmission tanked 2.4% after the company reported a 38.6% drop in consolidated net profit at Rs 99.5 crore in the quarter ended September 30.
Mahindra CIE Automotive Ltd gained 1.5%. The September quarter net profit Rs 14.5 crore compared with Rs 9.4 crore last year. The September quarter total income from operations Rs 443 crore compared with Rs 432 crore last year.
Sasken Communication Technologies jumped 4.8%. The board of directors of Sasken Communication Technologies will meet on October 27 to consider a buyback of fully paid-up equity shares, and decide the quantum and mode of acquisition and other related matters.
Indiabulls Real Estate slipped 1.3% after the company reported its consolidated net profit at Rs 141.6 crore for the quarter ended September. Total revenue for the quarter rose 15 per cent from a year ago to Rs 911.9 crore, the company said in a release.
The rupee opened lower by eight paise at 66.93/$ as against the previous close of 66.85/$.
Asian markets opened in the green as overnight US indices rallied as markets looked beyond earnings & fresh merger activity re ignited the bulls.
The PNB Housing Finance IPO which saw encouraging response will hit the market today. Geo-political issues remain in focus after militants attacked a police academy in Pakistani city of Quetta killing dozens of cadets.
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