Live Stock Market Updates - Nifty ends below 8,900 mark

Closing Bell:
Finally, the BSE Sensex ended with a loss of 248 points at 28,797. The BSE Sensex opened at 29,063 touched an intra-day high of 29,062.90 and low of 28,755.

The NSE Nifty closed with a loss of 86 points at 8,867. The NSE Nifty opened at 8,934 hitting a high of 8,939 and low of 8,859.

Among the 50-stocks of Nifty, ONGC, GAIL, Wipro, TCS, RIL, HCL Tech, HDFC Bank and Dr. Reddy's were among the gainers on NSE, whereas Hindalco, Yes Bank, UltraTech Cement, Axis Bank, Hero MotoCorp and Cipla were among the losers today.

Live Market:
The key benchmark indices is trading on a negative zone. Weakness in global stocks weighed on sentiment on the domestic bourses. The Sensex opened 17.62 points up at 29,062.90, while Nifty opened 18.20 points down at 8,934.30.

The IT index rebounds after two-day drubbing, making it the only advancing sectoral gauge on the NSE. The BSE Sensex plunged over 200 points and the NSE index Nifty was trading below the 8,900 mark owing to weak Asian cues.

The Sensex fell over 100 points and slipped below the key 29,000 levels in opening trades, while the Nifty slipped around 40 points to 8,915 levels.

At 2:54 PM, the S&P BSE Sensex is trading at 28,815 down 229 points, while NSE Nifty is trading at 8,883 down 69 points.

The BSE Mid-cap Index is trading down 0.65% at 13,392 whereas BSE Small-cap Index is trading down 0.22% at 12,892.

ONGC, GAIL, TCS, Wipro, Bharti Airtel, NTPC, RIL and Coal India are among the gainers, whereas Axis Bank, Tata Motors, HDFC, ITC, SBI, Adani Ports and ICICI Bank are losing sheen on BSE.

Some buying activity is seen in telecom, oil & gas,pharma, power, utiities and energy sectors, while banking, metal, finance, FMCG, auto and consumer durables sectors are showing weakness on BSE.

The INDIA VIX is up 0.64% at 13.2000. Out of 1,858 stocks traded on the NSE, 978 declined, 628 advanced and 252 remained unchanged today.

A total of 66 stocks registered a fresh 52-week high in trades today, while 13 stocks touched a new 52-week low on the NSE.

The shares of Logistics stocks are gaining on the counter on the back of higher volumes on BSE. President Pranab Mukherjee gave approval to the Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year, as per TV reports.

Gati Ltd is currently trading at Rs. 142.65, up by Rs. 2.9 or 2.08% from its previous closing of Rs. 139.75 on the BSE. The scrip opened at Rs. 143 and has touched a high and low of Rs. 146.5 and Rs. 141.85 respectively. So far 3285650(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1228.39 crore.

Snowman Logistics Ltd is currently trading at Rs. 71.15, up by Rs. 1.45 or 2.08% from its previous closing of Rs. 69.7 on the BSE. The scrip opened at Rs. 71.7 and has touched a high and low of Rs. 72.4 and Rs. 70.9 respectively. So far 1726412(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1164.6 crore.

VRL Logistics Ltd is currently trading at Rs. 295.4, up by Rs. 2.45 or 0.84% from its previous closing of Rs. 292.95 on the BSE. The scrip opened at Rs. 296 and has touched a high and low of Rs. 298.8 and Rs. 294.3 respectively. So far 226337(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2672.98 crore.

Patel Integrated Logistics Ltd is currently trading at Rs. 97.3, up by Rs. 3.55 or 3.79% from its previous closing of Rs. 93.75 on the BSE. The scrip opened at Rs. 95.5 and has touched a high and low of Rs. 99 and Rs. 95.1 respectively. So far 314238(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 148.94 crore.

Live Stock Market Updates - Sensex falls over 150 points; Nifty hovers around 8900

The key benchmark indices is trading on a negative zone. Weakness in global stocks weighed on sentiment on the domestic bourses. The Sensex opened 17.62 points up at 29,062.90, while Nifty opened 18.20 points down at 8,934.30.

The IT index rebounds after two-day drubbing, making it the only advancing sectoral gauge on the NSE. The BSE Sensex plunged over 200 points and the NSE index Nifty was trading below the 8,900 mark owing to weak Asian cues.

The Sensex fell over 100 points and slipped below the key 29,000 levels in opening trades, while the Nifty slipped around 40 points to 8,915 levels.

At 12:01 PM, the S&P BSE Sensex is trading at 28,810 down 234 points, while NSE Nifty is trading at 8,876 down 77 points.

The BSE Mid-cap Index is trading down 0.62% at 13,395 whereas BSE Small-cap Index is trading down 0.36% at 12,876.

ONGC, GAIL, TCS, Wipro, Bharti Airtel, NTPC, RIL and Coal India are among the gainers, whereas Axis Bank, Tata Motors, HDFC, ITC, SBI, Adani Ports and ICICI Bank are losing sheen on BSE.

Some buying activity is seen in telecom, oil & gas,pharma, power, utiities and energy sectors, while banking, metal, finance, FMCG, auto and consumer durables sectors are showing weakness on BSE.

The INDIA VIX is up 1.90% at 13.3650. Out of 1,856 stocks traded on the NSE, 1,021 declined, 519 advanced and 316 remained unchanged today.

A total of 48 stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE.

The rupee opened lower by 14 paise at 66.57/$ against US Dollar Friday as against the previous close of 66.41/$.

Asian markets are trading mostly lower on Friday after reports indicated an earthquake in North Korea may have been caused by a nuclear test in the isolated nation. China’s Shanghai Composite is currently trading 0.04% higher at 3,097.34 points. South Korea’s Kospi index ​is ​at 2,035.42 points (down 1.39%) and Indonesia’s Jakarta Composite ​is ​at 5,324.49 points (down 0.88%), Nikkei 225 is at 16,926.25 points (down 0.19%). Taiwan’s Taiex at 9,176.23 points (down 0.94%), Singapore’s Straits Times at 2,866.97 points (down 0.96%), Hong Kong’s Hang Seng at 24,178.36 points (up 1.07%), Thailand’s SET Composite at 1,451.25 points (down 0.28%) and Singapore Nifty at 8,958.50 points (down 0.20%).

The European Central Bank (ECB) left interest rates unchanged. No hints were available about what the next move could be. However, central bankers around the world seem to echo that they have done their part and now it’s up to the governments to act.

Oil prices soared more than 4% after US Energy Information Administration said crude stockpiles dropped by 14.5 million barrels last week to 511.6 million barrels. Brent rose to as high as $50.14 per barrel on Thursday and last stood at $49.63, down 0.7% from Thursday’s close but still up almost 6% so far this week.

Wall Street closed lower on Thursday. The Dow Jones industrial average closed 0.25% lower at 18,479.91 points. The S&P 500 slipped 0.22% to close at 2,181.30 points. The Nasdaq dropped 0.46% to close at 5,261 points.

Investors will remain cautious as the government will issue Index of Industrial production (IIP) data for July.

On the global front, investors will also pay attention to Federal Reserve voting members Eric Rosengren and Daniel Tarullo, who were scheduled to speak later in the day, for hints on Fed rate expectations.

President Pranab Mukherjee gave approval to Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year, as per Tv report.

SIAM showed that passenger vehicle sales jumped by 16.7% in August compared to the same month last year, with automakers selling 2,58,722 units in August.

The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.

Live Stock Market Updates - Sensex slips over 200 points

The key benchmark indices is trading on a negative zone. Weakness in global stocks weighed on sentiment on the domestic bourses. The Sensex opened 17.62 points up at 29,062.90, while Nifty opened 18.20 points down at 8,934.30.

The IT index rebounds after two-day drubbing, making it the only advancing sectoral gauge on the NSE. The BSE Sensex plunged over 200 points and the NSE index Nifty was trading below the 8,900 mark owing to weak Asian cues.

The Sensex fell over 100 points and slipped below the key 29,000 levels in opening trades, while the Nifty slipped around 40 points to 8,915 levels.

At 12:01 PM, the S&P BSE Sensex is trading at 28,810 down 234 points, while NSE Nifty is trading at 8,876 down 77 points.

The BSE Mid-cap Index is trading down 0.62% at 13,395 whereas BSE Small-cap Index is trading down 0.36% at 12,876.

ONGC, GAIL, TCS, Wipro, Bharti Airtel, NTPC, RIL and Coal India are among the gainers, whereas Axis Bank, Tata Motors, HDFC, ITC, SBI, Adani Ports and ICICI Bank are losing sheen on BSE.

Some buying activity is seen in telecom, oil & gas,pharma, power, utiities and energy sectors, while banking, metal, finance, FMCG, auto and consumer durables sectors are showing weakness on BSE.

The INDIA VIX is up 1.90% at 13.3650. Out of 1,856 stocks traded on the NSE, 1,021 declined, 519 advanced and 316 remained unchanged today.

A total of 48 stocks registered a fresh 52-week high in trades today, while 12 stocks touched a new 52-week low on the NSE.

The rupee opened lower by 14 paise at 66.57/$ against US Dollar Friday as against the previous close of 66.41/$.

Asian markets are trading mostly lower on Friday after reports indicated an earthquake in North Korea may have been caused by a nuclear test in the isolated nation. China’s Shanghai Composite is currently trading 0.04% higher at 3,097.34 points. South Korea’s Kospi index ​is ​at 2,035.42 points (down 1.39%) and Indonesia’s Jakarta Composite ​is ​at 5,324.49 points (down 0.88%), Nikkei 225 is at 16,926.25 points (down 0.19%). Taiwan’s Taiex at 9,176.23 points (down 0.94%), Singapore’s Straits Times at 2,866.97 points (down 0.96%), Hong Kong’s Hang Seng at 24,178.36 points (up 1.07%), Thailand’s SET Composite at 1,451.25 points (down 0.28%) and Singapore Nifty at 8,958.50 points (down 0.20%).

The European Central Bank (ECB) left interest rates unchanged. No hints were available about what the next move could be. However, central bankers around the world seem to echo that they have done their part and now it’s up to the governments to act.

Oil prices soared more than 4% after US Energy Information Administration said crude stockpiles dropped by 14.5 million barrels last week to 511.6 million barrels. Brent rose to as high as $50.14 per barrel on Thursday and last stood at $49.63, down 0.7% from Thursday’s close but still up almost 6% so far this week.

Wall Street closed lower on Thursday. The Dow Jones industrial average closed 0.25% lower at 18,479.91 points. The S&P 500 slipped 0.22% to close at 2,181.30 points. The Nasdaq dropped 0.46% to close at 5,261 points.

Investors will remain cautious as the government will issue Index of Industrial production (IIP) data for July.

On the global front, investors will also pay attention to Federal Reserve voting members Eric Rosengren and Daniel Tarullo, who were scheduled to speak later in the day, for hints on Fed rate expectations.

President Pranab Mukherjee gave approval to Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year, as per Tv report.

SIAM showed that passenger vehicle sales jumped by 16.7% in August compared to the same month last year, with automakers selling 2,58,722 units in August.

The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.

Sensex, Nifty fall 1%; IT stocks make a comeback

The market is still struggling with the Nifty under 8900. The 50-share index is down 72.75 points or 0.8 percent at 8879.75 and Sensex is down 223.28 points or 0.8 percent at 28822. About 795 shares have advanced, 1375 shares declined, and 130 shares are unchanged. 

ONGC, Wipro, GAIL, TCS and Reliance are top gainers while Hero MotoCorp, HDFC, Axis Bank, ITC and Bajaj Auto are losers in the Sensex.

Oil prices pulled back on profit-taking after settling more than 4 percent higher a day earlier, following a surprisingly huge drawdown in US crude stocks as Gulf Coast imports slumped to a record low. 

Brent and West Texas Intermediate crude futures have gained about 6 percent this week and are on course for their biggest weekly gain in three weeks, after major producers Saudi Arabia and Russia agreed on Monday to cooperate on stabilising the oil market.

Top 13 stocks in focus today: Yes Bank, SAIL, Jindal Steel

Jindal Steel and Power: JSPL said its consolidated net loss doubled to Rs.1,082.15 crore for the June quarter.

SAIL: Steel Authority of India reported widening of its stand-alone net loss to Rs.534.92 crore for the quarter ended 30 June 2016. The state-run company had posted a net loss of Rs.248.24 crore in the year-ago period.

YES Bank: Yes Bank scrapped its $1 billion share sale less than 24 hours after launch as the share price collapsed due to poor investor appetite and the management blamed “extreme volatility” and poor advice on regulations by investment banks Goldman Sachs, Nomura and CLSA, as per media reports.

M&M: Mahindra and Mahindra Ltd has struck a deal with ANI Technologies Ltd that operates ride-hailing service Ola to finance vehicles for more than 40,000 of its drivers by 2018. The alliance is worth Rs.2,600 crore.

ONGC: Oil and Natural Gas Corp is in talks with Gujarat State Petroleum Corp for acquiring a stake in its gas field in the Krishna-Godavari Basin, D.K. Sarraf said.

Crompton Greaves Consumer Electricals: The Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of Crompton Greaves Consumer Electricals Limited under the Portfolio Investment Scheme (PIS).

Indian Bank: S&P Global Ratings said it has affirmed “BBB-” long-term rating on Indian Bank with a stable outlook on the back of the PSU lender’s strong capital base and funding ability.

Apollo Tyres: Apollo Tyres said it has inked a global sponsorship agreement with Manchester United Football Club for the next 3 years.

Britannia Industries: Britannia Industries has appealed before a division bench of the Delhi High Court, challenging the injunction order passed by its single bench on the biscuit packaging dispute with ITC Ltd, as per media reports.

Motherson Sumi: Motherson Sumi has launched a qualified institutional placement (QIP) through which it plans to raise Rs.1,500-2,000 crore, said a media report. The QIP will be priced at Rs.317-320 per share.

Eros International: Eros International Media reported 11% increase in its consolidated net profit to Rs.58.87 crore for the first quarter ended June 30.

Essar Shipping: Essar Shipping reported a standalone loss of Rs.50.45 crore for the quarter ended June 30, 2016. The company's loss in the corresponding quarter of previous fiscal stood at Rs.45.94 crore, Essar Shipping Ltd said in a filing to BSE.

Zensar Technologies: Zensar Technologies has secured a digital transformation project from South Africa's taxi fleet management company Avis Fleet.

Opening Bell - Sensex slips over 100 points

At 9:15 AM, the S&P BSE Sensex is trading at 28,934 down 111 points, while NSE Nifty is trading at 8,915 down 36 points.

The rupee opened lower by 14 paise at 66.57/$ against US Dollar Friday as against the previous close of 66.41/$.

Asian markets are trading mostly lower on Friday after reports indicated an earthquake in North Korea may have been caused by a nuclear test in the isolated nation.

China’s Shanghai Composite is currently trading 0.04% higher at 3,097.34 points. South Korea’s Kospi index ​is ​at 2,035.42 points (down 1.39%) and Indonesia’s Jakarta Composite ​is ​at 5,324.49 points (down 0.88%), Nikkei 225 is at 16,926.25 points (down 0.19%).

Taiwan’s Taiex at 9,176.23 points (down 0.94%), Singapore’s Straits Times at 2,866.97 points (down 0.96%), Hong Kong’s Hang Seng at 24,178.36 points (up 1.07%), Thailand’s SET Composite at 1,451.25 points (down 0.28%) and Singapore Nifty at 8,958.50 points (down 0.20%).

The European Central Bank (ECB) left interest rates unchanged. No hints were available about what the next move could be. However, central bankers around the world seem to echo that they have done their part and now it’s up to the governments to act.

Wall Street closed lower on Thursday. The Dow Jones industrial average closed 0.25% lower at 18,479.91 points. The S&P 500 slipped 0.22% to close at 2,181.30 points. The Nasdaq dropped 0.46% to close at 5,261 points.

Oil prices soared more than 4% after US Energy Information Administration said crude stockpiles dropped by 14.5 million barrels last week to 511.6 million barrels.

Brent rose to as high as $50.14 per barrel on Thursday and last stood at $49.63, down 0.7% from Thursday’s close but still up almost 6% so far this week.

Wall Street closed lower on Thursday. The Dow Jones industrial average closed 0.25% lower at 18,479.91 points. The S&P 500 slipped 0.22% to close at 2,181.30 points. The Nasdaq dropped 0.46% to close at 5,261 points.

Investors will remain cautious as the government will issue Index of Industrial production (IIP) data for July.

On the global front, investors will also pay attention to Federal Reserve voting members Eric Rosengren and Daniel Tarullo, who were scheduled to speak later in the day, for hints on Fed rate expectations.

President Pranab Mukherjee gave approval to Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year, as per Tv report.

SIAM showed that passenger vehicle sales jumped by 16.7% in August compared to the same month last year, with automakers selling 2,58,722 units in August.

The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.