Live Stock Market Updates - Sensex, Nifty end lower

Closing Bell:
The Sensex and Nifty closed lower on Wednesday, pausing after a two-day rally. 

Finally, the BSE Sensex ended with a loss of 52 points at 28,926. The BSE Sensex opened at 29,036 touched an intra-day high of 29,068 and low of 28,911.

The NSE Nifty closed with a loss of 25 points at 8,918. The NSE Nifty opened at 8,969 hitting a high of 8,969 and low of 8,913.

Live Market:

At 2:07 PM, the S&P BSE Sensex is trading at 29,030 up 52 points, while NSE Nifty is trading at 8,951 up mere eight points.

The BSE Mid-cap Index is trading up 0.21% at 13,501 whereas BSE Small-cap Index is trading up 0.63% at 12,844.

Tata Steel, Tata Motors, SBI, GAIL, ONGC, ICICI Bank and Wipro are among the gainers, whereas Asian Paints, HDFC, Bharti Airtel, NTPC, Axis Bank and HUL are losing sheen on BSE.

Some buying activity is seen in metal, consumer durables, banking, auto, FMCG and oil&gas sectors, while telecom, power, utilities, capital goods, utilities and IT sector is showing weakness on BSE.

The INDIA VIX is up 3.45% at 13.1900. Out of 1,852 stocks traded on the NSE, 653 declined, 902 advanced and 297 remained unchanged today.

A total of 67 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.
Indoco Remedies Ltd is currently trading at Rs. 342, up by Rs. 20.7 or 6.44% from its previous closing of Rs. 321.3 on the BSE. Indoco Remedies Ltd has informed BSE that USFDA inspected the Company's Goa Plant II from August 31, 2016 to September 04, 2016. The injectable ANDA filings triggered this inspection.

Bharat Heavy Electricals Ltd is currently trading at Rs. 160.6, up by Rs. 22.25 or 16.08% from its previous closing of Rs. 138.35 on the BSE. The company has posted a net profit of Rs.77.7 crore for the quarter ended June 30, 2016 as compared to Rs.50.4 crore for the quarter ended June 30, 2015. 

Oil & Natural Gas Corpn Ltd is currently trading at Rs. 245.7, up by Rs. 6.6 or 2.76% from its previous closing of Rs. 239.1 on the BSE. The company will announce its Q1 results today.

Shares of public sector undertaking (PSUs) banks were trading higher by up to 4% on the National Stock Exchange. Arun Jaitley today said India is not ready for their privatisation and the present characteristics of PSU banks will continue except for IDBI Bank. On stressed assets, the finance minister said the Centre has initiated a large number of steps to reduce NPAs.

FM also hinted that the government is ready to provide an additional capital over the Rs.25,000 crore amount announced in the Budget. The PSU bank Nifty opened at 3,232.45 and hits a high of 3,342.30 and a low of 3,212.80.

Canara Bank is currently trading at Rs. 309.8, up by Rs. 22.6 or 7.87% from its previous closing of Rs. 287.2 on the BSE. The scrip opened at Rs. 286 and has touched a high and low of Rs. 314.45 and Rs. 286 respectively. So far 10799194 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 15594.7 crore.

Punjab National Bank is currently trading at Rs. 140.5, up by Rs. 7.8 or 5.88% from its previous closing of Rs. 132.7 on the BSE. The scrip opened at Rs. 133.7 and has touched a high and low of Rs. 142.35 and Rs. 133.7 respectively. So far 31232260 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 26056.94 crore.

Union Bank of India is currently trading at Rs. 152, up by Rs. 6.35 or 4.36% from its previous closing of Rs. 145.65 on the BSE. The scrip opened at Rs. 147.6 and has touched a high and low of Rs. 154.2 and Rs. 146.45 respectively. So far 9988640 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10012.58 crore.

Bank of Baroda is currently trading at Rs. 176.5, up by Rs. 7.05 or 4.16% from its previous closing of Rs. 169.45 on the BSE. The scrip opened at Rs. 170.95 and has touched a high and low of Rs. 177.4 and Rs. 170.65 respectively. So far 14264947 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 39043.98 crore.

Live Stock Market Updates - Nifty hovers around 8,950 mark

At 2:07 PM, the S&P BSE Sensex is trading at 29,030 up 52 points, while NSE Nifty is trading at 8,951 up mere eight points.
The BSE Mid-cap Index is trading up 0.21% at 13,501 whereas BSE Small-cap Index is trading up 0.63% at 12,844.
Tata Steel, Tata Motors, SBI, GAIL, ONGC, ICICI Bank and Wipro are among the gainers, whereas Asian Paints, HDFC, Bharti Airtel, NTPC, Axis Bank and HUL are losing sheen on BSE.
Some buying activity is seen in metal, consumer durables, banking, auto, FMCG and oil&gas sectors, while telecom, power, utilities, capital goods, utilities and IT sector is showing weakness on BSE.
The INDIA VIX is up 3.45% at 13.1900. Out of 1,852 stocks traded on the NSE, 653 declined, 902 advanced and 297 remained unchanged today.

A total of 67 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.
Indoco Remedies Ltd is currently trading at Rs. 342, up by Rs. 20.7 or 6.44% from its previous closing of Rs. 321.3 on the BSE. Indoco Remedies Ltd has informed BSE that USFDA inspected the Company's Goa Plant II from August 31, 2016 to September 04, 2016. The injectable ANDA filings triggered this inspection.
Bharat Heavy Electricals Ltd is currently trading at Rs. 160.6, up by Rs. 22.25 or 16.08% from its previous closing of Rs. 138.35 on the BSE. The company has posted a net profit of Rs.77.7 crore for the quarter ended June 30, 2016 as compared to Rs.50.4 crore for the quarter ended June 30, 2015. 

Oil & Natural Gas Corpn Ltd is currently trading at Rs. 245.7, up by Rs. 6.6 or 2.76% from its previous closing of Rs. 239.1 on the BSE. The company will announce its Q1 results today.

Shares of public sector undertaking (PSUs) banks were trading higher by up to 4% on the National Stock Exchange. Arun Jaitley today said India is not ready for their privatisation and the present characteristics of PSU banks will continue except for IDBI Bank. On stressed assets, the finance minister said the Centre has initiated a large number of steps to reduce NPAs.

FM also hinted that the government is ready to provide an additional capital over the Rs.25,000 crore amount announced in the Budget. The PSU bank Nifty opened at 3,232.45 and hits a high of 3,342.30 and a low of 3,212.80.

Canara Bank is currently trading at Rs. 309.8, up by Rs. 22.6 or 7.87% from its previous closing of Rs. 287.2 on the BSE. The scrip opened at Rs. 286 and has touched a high and low of Rs. 314.45 and Rs. 286 respectively. So far 10799194 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 15594.7 crore.

Punjab National Bank is currently trading at Rs. 140.5, up by Rs. 7.8 or 5.88% from its previous closing of Rs. 132.7 on the BSE. The scrip opened at Rs. 133.7 and has touched a high and low of Rs. 142.35 and Rs. 133.7 respectively. So far 31232260 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 26056.94 crore.

Union Bank of India is currently trading at Rs. 152, up by Rs. 6.35 or 4.36% from its previous closing of Rs. 145.65 on the BSE. The scrip opened at Rs. 147.6 and has touched a high and low of Rs. 154.2 and Rs. 146.45 respectively. So far 9988640 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10012.58 crore.

Bank of Baroda is currently trading at Rs. 176.5, up by Rs. 7.05 or 4.16% from its previous closing of Rs. 169.45 on the BSE. The scrip opened at Rs. 170.95 and has touched a high and low of Rs. 177.4 and Rs. 170.65 respectively. So far 14264947 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 39043.98 crore.

Federal-Mogul Goetze (India) Ltd is currently trading at Rs. 534.1, up by Rs. 89 or 20% from its previous closing of Rs. 445.1 on the BSE.  Federal-Mogul Holdings Corporation and Icahn Enterprises L.P. announced that Federal-Mogul had entered into an agreement and plan of merger with a subsidiary of Icahn Enterprises, Federal-Mogul's majority shareholder, pursuant to which Icahn Enterprises will offer to purchase all of the outstanding shares of Federal-Mogul common stock not owned by Icahn Enterprises or its affiliates, in an all-cash transaction for $9.25 per share, as per media reports. 

Redington India Ltd is currently trading at Rs. 119.35, up by Rs. 3.95 or 3.42% from its previous closing of Rs. 115.4 on the BSE. Today, Apple is gearing up to launch iPhone 7. Redington India is one of the distributors for Apple in India, handling  the vendor’s entire range of products comprising iPad, Mac, iPhone and iWatch.

State Bank of India gained 2.7% to Rs.267. The bank has raised Rs.2,100 crore through perpetual bonds at 9% interest rate amid fears that perpetual bond-holders may face a delay in interest repayments with most of the state-owned banks posting quarterly losses.

Bhel dropped 2.5%. The company will announce its Q1 numbers today.

Glenmark Pharmaceuticals soared 3%. Glenmark Pharma has discovered a novel drug candidate for the treatment of cancer and plans to conduct clinical trials.

Tata Motors is trading flat at Rs.591 on BSE. The company has won orders to supply 5,000 buses worth Rs.900 crore to 25 state transport units during April-August. This is an 80% jump from the same period a year ago and is the highest in four years, as per media reports.

Sical Logistics slipped 2% to Rs.197. The Board approved the proposal to seek the nod of the shareholders by way of postal ballot for providing corporate guarantee to the Company’s subsidiary Sical Iron Ore Terminals Limited for the financial facility to be availed by the entity and for issue of Non-convertible debentures to the extent of Rs.200 crores during the financial year 2016-17.

Tata Consultancy Services is trading flat on BSE. TCS announced that the Mississippi, Rhode Island and Maine (MRM) Consortium has gone live with the TCS developed Unemployment Insurance (UI) Application for Benefits.

IL&FS Engineering and Construction Company jumped 4%. IL&FS Engineering Services has received the Fax of Acceptance (FOA) from Gas Authority of India Limited (GAIL).

Aegis Logistics soared 7.3%. The company has informed BSE that the Infrastructure India Holding Fund LLC (IIHF), a private equity fund, who invested in the Company in the year 2011 pursuant to Subscription and Shareholders Agreement dated February 25, 2011, has reduced their stake below the limit prescribed under the said agreement.

Lupin Limited gained 1%. The pharma company announced that its US subsidiary, Gavis Pharmaceuticals LLC., U.S.A. (collectively Lupin) has received tentative approval for its Moxifloxacin Hydrochloride Tablets, 400 mg from the United States Food and Drug Administration (FDA) to market a generic version of Bayer Healthcare Pharmaceuticals lnc.'s Avelox Tablets, 400 mg (base).
 
Oil India gained 1.2% to Rs.394. The company has posted a net profit of Rs.494.4 crore for the quarter ended June 30, 2016 as compared to Rs.743.2 crore for the quarter ended June 30, 2015.

NBCC advanced 1.6% to Rs.251 after the company has secured orders worth Rs 270 crore from University Grant Commission, the company said.

Reliance Capital inched up 1.6% to Rs.567. The company has raised about Rs.2,000 crore through non-convertible debentures.

SpiceJet jumped 2.5% to Rs.57.75. The aviation company will announce its Q1 numbers today.

Jindal Poly Films Ltd fell 4.2% to Rs.411.45 after the company said its net profit fell 39% in June quarter to Rs.98.84 crore against Rs.162.75 crore a year ago. Its net sales fell 7.9% to Rs.17,77.03 crore.

Nitin Fire Protection Industries Ltd rose 3.1% to Rs.30 after the company said its net profit rose 35.72% in June quarter to Rs.28.19 crore against Rs.20.77 crore a year ago. Net sales rose 3.6% to Rs.350.14 crore.

Bharat Forge Ltd gained 2.7% to Rs.895 after its Class 8 truck sales in US rises 40% after continuous fall for 20 months,as per media reports.

Syngene International Ltd climbed 5.2% to Rs.497. The company has announced the establishment of multi disciplinary drug discovery and development center for Amgen, Inc.

The rupee opened higher by 19 paise at 66.36/$ against US Dollar Wednesday as against the previous close of 66.52/$.

Asian shares opened mixed.  Shanghai Composite and Hang Seng are trading in green, while Nikkei 225 is in red.

Wall Street closed higher on Tuesday. The Dow Jones industrial average rose 0.25%, to end 18,538.12 points, the S&P 500 gained 0.3%, to close at 2,186.48 points. The Nasdaq closed 0.5% higher, at 5,275.91 points.

The dollar tumbled after economic data showed the US service sector grew at its slowest pace since early 2010, which dimmed expectations for a near-term interest rate increase from the Federal Reserve.

Live Stock Market Updates - Sensex, Nifty flat

At 11:45 AM, the S&P BSE Sensex is trading at 28,990 up 12 points, while NSE Nifty is trading at 8,940 down mere three points.

The BSE Mid-cap Index is trading down 0.02% at 13,471 whereas BSE Small-cap Index is trading up 0.59% at 12,839.

Tata Steel, Tata Motors, SBI, GAIL, ONGC, ICICI Bank and Wipro are among the gainers, whereas Asian Paints, HDFC, Bharti Airtel, NTPC, Axis Bank and HUL are losing sheen on BSE.

Some buying activity is seen in metal, consumer durables, banking, auto, FMCG and oil&gas sectors, while telecom, power, utilities, capital goods, utilities and IT sector is showing weakness on BSE.

The INDIA VIX is up 3.45% at 13.1900. Out of 1,852 stocks traded on the NSE, 653 declined, 902 advanced and 297 remained unchanged today.

A total of 67 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE.

State Bank of India gained 2.7% to Rs.267. The bank has raised Rs.2,100 crore through perpetual bonds at 9% interest rate amid fears that perpetual bond-holders may face a delay in interest repayments with most of the state-owned banks posting quarterly losses.

Bhel dropped 2.5%. The company will announce its Q1 numbers today.

Glenmark Pharmaceuticals soared 3%. Glenmark Pharma has discovered a novel drug candidate for the treatment of cancer and plans to conduct clinical trials.

Tata Motors is trading flat at Rs.591 on BSE. The company has won orders to supply 5,000 buses worth Rs.900 crore to 25 state transport units during April-August. This is an 80% jump from the same period a year ago and is the highest in four years, as per media reports.

Sical Logistics slipped 2% to Rs.197. The Board approved the proposal to seek the nod of the shareholders by way of postal ballot for providing corporate guarantee to the Company’s subsidiary Sical Iron Ore Terminals Limited for the financial facility to be availed by the entity and for issue of Non-convertible debentures to the extent of Rs.200 crores during the financial year 2016-17.

Tata Consultancy Services is trading flat on BSE. TCS announced that the Mississippi, Rhode Island and Maine (MRM) Consortium has gone live with the TCS developed Unemployment Insurance (UI) Application for Benefits.

IL&FS Engineering and Construction Company jumped 4%. IL&FS Engineering Services has received the Fax of Acceptance (FOA) from Gas Authority of India Limited (GAIL).

Aegis Logistics soared 7.3%. The company has informed BSE that the Infrastructure India Holding Fund LLC (IIHF), a private equity fund, who invested in the Company in the year 2011 pursuant to Subscription and Shareholders Agreement dated February 25, 2011, has reduced their stake below the limit prescribed under the said agreement.

Lupin Limited gained 1%. The pharma company announced that its US subsidiary, Gavis Pharmaceuticals LLC., U.S.A. (collectively Lupin) has received tentative approval for its Moxifloxacin Hydrochloride Tablets, 400 mg from the United States Food and Drug Administration (FDA) to market a generic version of Bayer Healthcare Pharmaceuticals lnc.'s Avelox Tablets, 400 mg (base).
 
Oil India gained 1.2% to Rs.394. The company has posted a net profit of Rs.494.4 crore for the quarter ended June 30, 2016 as compared to Rs.743.2 crore for the quarter ended June 30, 2015.

NBCC advanced 1.6% to Rs.251 after the company has secured orders worth Rs 270 crore from University Grant Commission, the company said.

Reliance Capital inched up 1.6% to Rs.567. The company has raised about Rs.2,000 crore through non-convertible debentures.

SpiceJet jumped 2.5% to Rs.57.75. The aviation company will announce its Q1 numbers today.

Jindal Poly Films Ltd fell 4.2% to Rs.411.45 after the company said its net profit fell 39% in June quarter to Rs.98.84 crore against Rs.162.75 crore a year ago. Its net sales fell 7.9% to Rs.17,77.03 crore.

Nitin Fire Protection Industries Ltd rose 3.1% to Rs.30 after the company said its net profit rose 35.72% in June quarter to Rs.28.19 crore against Rs.20.77 crore a year ago. Net sales rose 3.6% to Rs.350.14 crore.

Bharat Forge Ltd gained 2.7% to Rs.895 after its Class 8 truck sales in US rises 40% after continuous fall for 20 months,as per media reports.

Syngene International Ltd climbed 5.2% to Rs.497. The company has announced the establishment of multi disciplinary drug discovery and development center for Amgen, Inc.

The rupee opened higher by 19 paise at 66.36/$ against US Dollar Wednesday as against the previous close of 66.52/$.

Asian shares opened mixed.  Shanghai Composite and Hang Seng are trading in green, while Nikkei 225 is in red.

Wall Street closed higher on Tuesday. The Dow Jones industrial average rose 0.25%, to end 18,538.12 points, the S&P 500 gained 0.3%, to close at 2,186.48 points. The Nasdaq closed 0.5% higher, at 5,275.91 points.

The dollar tumbled after economic data showed the US service sector grew at its slowest pace since early 2010, which dimmed expectations for a near-term interest rate increase from the Federal Reserve.

Today, Prime Minister Narendra Modi to attend the 14th ASEAN-India Summit and the 11th East Asia Summit in Laos. Select auto companies will gain attention as the National Green Tribunal will hear the diesel vehicle ban case today. 

Opening Bell - Sensex, Nifty rally in early trade

At 9:15 AM, the S&P BSE Sensex is trading at 29,036 up 58 points, while NSE Nifty is trading at 8,969 up 26 points.

Asian shares opened mixed.  Shanghai Composite and Hang Seng are trading in green, while Nikkei 225 is in red.

Wall Street closed higher on Tuesday. The Dow Jones industrial average rose 0.25%, to end 18,538.12 points, the S&P 500 gained 0.3%, to close at 2,186.48 points. The Nasdaq closed 0.5% higher, at 5,275.91 points.

The dollar tumbled after economic data showed the US service sector grew at its slowest pace since early 2010, which dimmed expectations for a near-term interest rate increase from the Federal Reserve.

Today, Prime Minister Narendra Modi to attend the 14th ASEAN-India Summit and the 11th East Asia Summit in Laos. Select auto companies will gain attention as the National Green Tribunal will hear the diesel vehicle ban case today.