The key benchmark climbed on Tuesday tracking a rebound in Asian equities led by pharma shares amid thin volumes as financial markets close out a volatile year.
At 10:36 AM, the S&P BSE Sensex is trading at 25,889 up 88 points, while NSE Nifty is trading at 7,934 up 26 points. The BSE Mid-cap Index is trading up 0.53% at 11,567, whereas BSE Small-cap Index is trading up 0.46% at 11,602.
Tata Motors DVR, Cipla, Bosch, Lupin, Ambuja Cement and Tata Motors are among the gainers, whereas Hindalco, UltraTech Cement, Bharti Airtel, GAIL and Coal India are losing sheen on NSE.
A total of five stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.
Out of 1,883 stocks traded on the NSE, 536 declined, 975 advanced and 372 remained unchanged today.
Some buying is observed in media, pharma, IT and financial services sectors while realty, banking and auto are showing weakness on NSE.
The INDIA VIX is down 1.86% at 16.6925.
Shares of Bharat Financial Inclusion today snapped a seven-session losing streak to rise 5.4% to Rs 506.25 on bargain buying.
Shares of Divi's Laboratories were up 1.7% at Rs 778.50 on some bargain buying, after a 33% fall in the stock over the previous three consecutive trading days.
Shares of Pharmaceuticals stocks rebounded after 9 days of correction. The BSE Healthcare gained 1% or 154.65 points at 14,351 as against the previous close of 14,196.
Glenmark Pharmaceuticals rose 1%. The company has been granted final approval by the United States Food & Drug Administration (USFDA) for Tretinoin Capsules, 10 mg, the generic version of Vesanoid Capsules, 10 mg, of Hoffmann La Roche, Inc. (which is no longer being marketed in the United States).
DLF Ltd is currently trading at Rs 104.9, down by Rs 0.45 or 0.43% from its previous closing of Rs 105.35 on the BSE.
Shilpa Medicare gained 2%. The company has raised around Rs 172.42 crore by allotting 30,25,000 shares to Mauritius-based TA FII Investors Ltd.
Apollo Hospitals Enterprise inched up 1.2%. Apollo Hospitals informed stock exchanges that the company has issued a Letter of Comfort for an aggregate sum of Rs 37.10 crore to ICICI Bank in connection with the sanction of credit facilities in favour of its step-down subsidiary, “Alliance Dental Care Limited, Chennai”.
Future Enterprises zoomed 2.2% after the company has sold 16.09% of equity share capital Future Lifesyle Fashions Ltd. This shares has been bought on floor of exchange by Future Corporate Resources Ltd, a promoter group company, by way of inter-se transfer under block deal mechanism at prevailing market rate at time of trade.
Union Quality Plastics jumped 3.4%. The company announced that the meeting of the board of directors of the company is scheduled to be held on Dec 29, to consider and approve forfeiture of 1,01,700 partly paid up equity shares.
Emami Infra rose 1%. Emami Infrastructure has informed stock exchanges that the Calcutta High Court has passed an order dated October 31, 2016 for dissolution without winding up of the transferor companies, ie Emami Realty and Emami Rainbow Niketan and that they be dissolved from the date of filing of the order with the Registrar of Companies, West Bengal.
Lupin advanced 1.1% after the pharma company has received tentative approval from the US health regulator to sell Olmesartan medoximil tablets, used for treating high blood pressure, in the American market.
Saksoft Ltd is currently trading at Rs 270.45, up by Rs 45.05 or 19.99% from its previous closing of Rs 225.4 on the BSE. On December 15, the Board of Directors of the Company at their meeting held on 15 December 2016 have approved to acquire a 60% of stake in Dreamorbit Softech (Dreamorbit), a company based out of Bengaluru providing Technology Solutions to Logistics Industry. Consequent to the Board approval, the Company has executed the Share Purchase Agreement.
Asian indices were trading flat to mildly positive as volumes drop in the holiday season with year end blues taking over. The trade of long developed markets & short emerging markets has played out well in the last 2 months with both the Japanese 'Nikkei' & the US Dow Jones now in sight of hitting 20,000.
Finance Minister Arun Jaitley has said that tax payers should be trusted, unless proven otherwise and batted for a globally compatible lower level of taxation. Jaitley said voluntary compliance by citizens of payment of due taxes needs to be reciprocated by authorities with a tax-friendly administration.
Meanwhile, Prime Minister Narendra Modi is set to meet with experts at NITI Aayog today to discuss ways to drive economic growth in the aftermath of lowered growth forecasts by various agencies.
On the bright side, the rupee managed to end at a two-week high against the US dollar.
While volumes remain thin, some buying could keep the indices afloat before the F&O choppiness sets in later this week. A report suggests that a government clarification on indirect transfer of shares could result in foreign investors paying up to 40% tax on their capital market investments in India. Monday weakness was more to do with statements from the PM that financial market participants may have to pay more taxes.
The Indian rupee opened lower by 10 paise on Tuesday at 67.84 per dollar versus previous close of 67.74/$.
At 10:36 AM, the S&P BSE Sensex is trading at 25,889 up 88 points, while NSE Nifty is trading at 7,934 up 26 points. The BSE Mid-cap Index is trading up 0.53% at 11,567, whereas BSE Small-cap Index is trading up 0.46% at 11,602.
Tata Motors DVR, Cipla, Bosch, Lupin, Ambuja Cement and Tata Motors are among the gainers, whereas Hindalco, UltraTech Cement, Bharti Airtel, GAIL and Coal India are losing sheen on NSE.
A total of five stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.
Out of 1,883 stocks traded on the NSE, 536 declined, 975 advanced and 372 remained unchanged today.
Some buying is observed in media, pharma, IT and financial services sectors while realty, banking and auto are showing weakness on NSE.
The INDIA VIX is down 1.86% at 16.6925.
Shares of Bharat Financial Inclusion today snapped a seven-session losing streak to rise 5.4% to Rs 506.25 on bargain buying.
Shares of Divi's Laboratories were up 1.7% at Rs 778.50 on some bargain buying, after a 33% fall in the stock over the previous three consecutive trading days.
Shares of Pharmaceuticals stocks rebounded after 9 days of correction. The BSE Healthcare gained 1% or 154.65 points at 14,351 as against the previous close of 14,196.
Glenmark Pharmaceuticals rose 1%. The company has been granted final approval by the United States Food & Drug Administration (USFDA) for Tretinoin Capsules, 10 mg, the generic version of Vesanoid Capsules, 10 mg, of Hoffmann La Roche, Inc. (which is no longer being marketed in the United States).
DLF Ltd is currently trading at Rs 104.9, down by Rs 0.45 or 0.43% from its previous closing of Rs 105.35 on the BSE.
Shilpa Medicare gained 2%. The company has raised around Rs 172.42 crore by allotting 30,25,000 shares to Mauritius-based TA FII Investors Ltd.
Apollo Hospitals Enterprise inched up 1.2%. Apollo Hospitals informed stock exchanges that the company has issued a Letter of Comfort for an aggregate sum of Rs 37.10 crore to ICICI Bank in connection with the sanction of credit facilities in favour of its step-down subsidiary, “Alliance Dental Care Limited, Chennai”.
Future Enterprises zoomed 2.2% after the company has sold 16.09% of equity share capital Future Lifesyle Fashions Ltd. This shares has been bought on floor of exchange by Future Corporate Resources Ltd, a promoter group company, by way of inter-se transfer under block deal mechanism at prevailing market rate at time of trade.
Union Quality Plastics jumped 3.4%. The company announced that the meeting of the board of directors of the company is scheduled to be held on Dec 29, to consider and approve forfeiture of 1,01,700 partly paid up equity shares.
Emami Infra rose 1%. Emami Infrastructure has informed stock exchanges that the Calcutta High Court has passed an order dated October 31, 2016 for dissolution without winding up of the transferor companies, ie Emami Realty and Emami Rainbow Niketan and that they be dissolved from the date of filing of the order with the Registrar of Companies, West Bengal.
Lupin advanced 1.1% after the pharma company has received tentative approval from the US health regulator to sell Olmesartan medoximil tablets, used for treating high blood pressure, in the American market.
Saksoft Ltd is currently trading at Rs 270.45, up by Rs 45.05 or 19.99% from its previous closing of Rs 225.4 on the BSE. On December 15, the Board of Directors of the Company at their meeting held on 15 December 2016 have approved to acquire a 60% of stake in Dreamorbit Softech (Dreamorbit), a company based out of Bengaluru providing Technology Solutions to Logistics Industry. Consequent to the Board approval, the Company has executed the Share Purchase Agreement.
Asian indices were trading flat to mildly positive as volumes drop in the holiday season with year end blues taking over. The trade of long developed markets & short emerging markets has played out well in the last 2 months with both the Japanese 'Nikkei' & the US Dow Jones now in sight of hitting 20,000.
Finance Minister Arun Jaitley has said that tax payers should be trusted, unless proven otherwise and batted for a globally compatible lower level of taxation. Jaitley said voluntary compliance by citizens of payment of due taxes needs to be reciprocated by authorities with a tax-friendly administration.
Meanwhile, Prime Minister Narendra Modi is set to meet with experts at NITI Aayog today to discuss ways to drive economic growth in the aftermath of lowered growth forecasts by various agencies.
On the bright side, the rupee managed to end at a two-week high against the US dollar.
While volumes remain thin, some buying could keep the indices afloat before the F&O choppiness sets in later this week. A report suggests that a government clarification on indirect transfer of shares could result in foreign investors paying up to 40% tax on their capital market investments in India. Monday weakness was more to do with statements from the PM that financial market participants may have to pay more taxes.
The Indian rupee opened lower by 10 paise on Tuesday at 67.84 per dollar versus previous close of 67.74/$.
No comments:
Post a Comment