Nifty settles above 8950 mark.... pharma, metal stocks lead

Finally, the BSE Sensex ended with a gain of 119 points at 29,045. The BSE Sensex opened at 28,929 touched an intra-day high of 29,077 and low of 28,855.

The NSE Nifty closed with a gain of 35 points at 8,953. The NSE Nifty opened at 8,916 hitting a high of 8,960 and low of 8,896.

The Indian equity market opened in red on Thursday. The stock market were trading marginally higher in a subdued trade as better-than-expected Chinese trade data boosted shares such as Tata Steel while software exporter TCS tanked to a 6-month low after it said US financial sector clients were holding back on discretionary spending.

At 2:38 PM, the S&P BSE Sensex is trading at 29,019 up 93 points, while NSE Nifty is trading at 8,948 up 30 points.

The BSE Mid-cap Index is trading up 0.17% at 13,482 whereas BSE Small-cap Index is trading up 0.74% at 12,912.

ONGC, Tata Steel, GAIL, Bajaj Auto, Hero MotoCorp and HUL are among the gainers, whereas tcs, Infosys, Wipro, NTPC, Tata Motors are losing sheen on BSE.

Some buying activity is seen in realty, pharma, auto, telecom and capital goods sectors, while IT and teck sectors are showing weakness on BSE.

The INDIA VIX is down 0.32% at 13.1025. Out of 1,855 stocks traded on the NSE, 608 declined, 998 advanced and 249 remained unchanged today.

A total of 65 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-weeklow on the NSE.

Nifty struggles below 8950, Sensex volatile; IT index down 3%

The 10-year G-Sec yield falling off a recent peak has resulted in immediate treasury gains for the banks that hold a lot of these bonds on their books in their available-for-sale (AFS) category. However, bond yields and prices have an inverse correlation. To talk about what is going so right for the sector that have had an extended rally, CNBC-TV18 spoke to Dinesh Khara, MD, State Bank of India and MB Mahesh of Kotak Institutional Equities. 

According to Khara, even more than the benefit of falling yields, government's focuses on structural reforms will help the recovery process for the sector. Second is the risk evaluation system put up by banks has had a positive impact and, thirdly, it has been the macro-economic situation where the rural economy is likely to pick up post better monsoons, 7th Pay Commission etc. “All these ensure a better landscape for the banking sector,” he said. 

IRB Infrastructure Developers on Thursday said IRB InvIT Fund, an infrastructure investment trust, has filed draft red herring prospectus with SEBI for Rs 4,300 crore initial public offering. "Investment manager IRB Infrastructure Private Limited has filed a draft offer document dated September 7, in relation to an initial public offer of units representing an undivided beneficial interest in the Trust, with the SEBI, the BSE and the NSE, in accordance with the InvIT Regulations," the Mumbai-based road developer said in its filing. IRB Infrastructure Developers on Thursday said IRB InvIT Fund, an infrastructure investment trust, has filed draft red herring prospectus with SEBI for Rs 4,300 crore initial public offering. "Investment manager IRB Infrastructure Private Limited has filed a draft offer document dated September 7, in relation to an initial public offer of units representing an undivided beneficial interest in the Trust, with the SEBI, the BSE and the NSE, in accordance with the InvIT Regulations," the Mumbai-based road developer said in its filing. 

 The market is volatile with the Nifty struggling below 8950. The 50-share index is up 11.40 points or 0.1 percent at 8929.35 and the Sensex is up 51.52 points or 0.2 percent at 28977.88. About 1526 shares have advanced, 1020 shares declined, and 180 shares are unchanged. 

Tata Steel, Bajaj Auto, Hero MotoCorp, Sun Pharma and Maruti Suzuki are top gainers in the Sensex while TCS, Wipro, Infosys, GAIL and Tata Motors are losers. 

Domestic passenger vehicle sales grew 16.68 percent to 2,58,722 units in August from 2,21,743 units in the same month last year. Car sales were also up 9.53 percent to 1,77,829 units as against 1,62,360 units in August last year, according to the data released by the Society of Indian Automobile Manufacturers (Siam). Motorcycle sales last month jumped by 22.19 percent to 10,05,666 units as against 8,23,051 units a year earlier. Total two-wheeler sales in August grew 26.32 percent to 16,48,883 units compared with 13,05,348 units in the year-ago month.

Live Stock Market Updates - Sensex regains 29,000 mark

The Indian equity market opened in red on Thursday. The S&P BSE Sensex was trading in red below its crucial 29,000 mark, while the broader Nifty50 was hovering around its key 8,900 level. The indices edged lower as index heavyweight IT stocks TCS and Infosys tanked upto 6% after country's largest software services firm issued profit warning.

 At 11:54 AM, the S&P BSE Sensex is trading at 28,982 up 54 points, while NSE Nifty is trading at 8,930 up 12 points.

The BSE Mid-cap Index is trading up 0.03% at 13,463 whereas BSE Small-cap Index is trading up 0.74% at 12,911.

ONGC, Tata Steel, GAIL, Bajaj Auto, Hero MotoCorp and HUL are among the gainers, whereas tcs, Infosys, Wipro, NTPC, Tata Motors are losing sheen on BSE.

Some buying activity is seen in oil & gas, realty, metal, energy, basic materials, telecom and capital goods sectors, while IT and power sectors are showing weakness on BSE.

The INDIA VIX is down 0.76% at 13.0450. Out of 1,852 stocks traded on the NSE, 516 declined, 1,007 advanced and 401 remained unchanged today.

A total of 65 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-weeklow on the NSE.

Jindal Steel & Power Ltd is currently trading at Rs. 87.35, up by Rs. 2.4 or 2.83% from its previous closing of Rs. 84.95 on the BSE. The company will announce its Q1 numbers today.

Oil & Natural Gas Corp Ltd is currently trading at Rs. 250.95, up by Rs. 5.85 or 2.39% from its previous closing of Rs. 245.1 on the BSE. The company has posted a net profit after tax of Rs.4,232.5 crore for the quarter ended June 30, 2016 as compared to Rs.5368.4 crore for the quarter ended June 30, 2015.

Tata Consultancy Services Ltd is currently trading at Rs. 2320.4, down by Rs. 126.6 or 5.17% from its previous closing of Rs. 2447 on the BSE. The IT Company said it will update investors on business trends in Q2 FY17. It is seeing sequential loss of momentum in BFSI vertical and holding back of discretionary spending seen in BFSI vertical in the US, as per media reports.

Aptech Ltd is currently trading at Rs. 175.05, up by Rs. 15.9 or 9.99% from its previous closing of Rs. 159.15 on the BSE. The company made a foray into the preschool education sector through a strategic alliance with the city-based Montana International Preschool.

PNC Infratech Ltd is currently trading at Rs. 126.85, up by Rs. 4.45 or 3.64% from its previous closing of Rs. 122.4 on the BSE. The National Highways Authority of India on Wednesday said it has given a Rs.820 crore highway project in Rajasthan to PNC Infratech.

Motherson Sumi Systems Ltd is currently trading at Rs. 337, up by Rs. 0.65 or 0.19% from its previous closing of Rs. 336.35 on the BSE. Motherson Sumi Systems Ltd will be acquiring the automotive business unit of Abraham and Co. Ltd in Hungary for about Rs.77 crore.

The rupee opened lower by 11 paise at 66.47/$ against US Dollar Thursday as against the previous close of 66.36/$.

Asian shares opened mixed. Asian shares opened mixed. Shanghai Composite and Nikkei 225 are trading is in red, while Hang Seng up 0.40%.

Wall Street closed mixed on Wednesday as investors digested the release of the Federal Reserve’s Beige Book, a key indicator of the US economic health. The Dow Jones industrial average fell 0.06%, to close at 18,526.14 points. The S&P 500 fell 0.02%, to end at 2,186.15 points. The Nasdaq rose 0.15%, to close at 5,283.93 points.

On the global front, the Fed said on Wednesday afternoon in its Beige Book report of anecdotal information that the US economy expanded at a modest pace in July and August, but there was little sign that wage pressures are being felt beyond highly skilled jobs.

Finance minister Arun Jaitley doesn’t rule out the possibility of India missing the 1 April deadline for the roll-out of the goods and services tax. Arun Jaitley 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.

ICICI Prudential Life Insurance Co. is likely to launch its share sale to raise at least Rs.5,000 crore in the week of 19 September.

Sensex, Nifty back in positive zone... Tata Steel, Bajaj Auto gain

The Indian equity market opened in red on Thursday. The S&P BSE Sensex was trading in red below its crucial 29,000 mark, while the broader Nifty50 was hovering around its key 8,900 level. The indices edged lower as index heavyweight IT stocks TCS and Infosys tanked upto 6% after country's largest software services firm issued profit warning.

 At 10:36 AM, theS&P BSE Sensex is trading at 28,951 up 25 points, while NSE Nifty is trading at 8,924 up mere six points.

The BSE Mid-cap Index is trading up 0.03% at 13,463 whereas BSE Small-cap Index is trading up 0.74% at 12,911.

ONGC, Tata Steel, GAIL, Bajaj Auto, Hero MotoCorp and HUL are among the gainers, whereas tcs, Infosys, Wipro, NTPC, Tata Motors are losing sheen on BSE.

Some buying activity is seen in oil & gas, realty, metal, energy, basic materials, telecom and capital goods sectors, while IT and power sectors are showing weakness on BSE.

The INDIA VIX is down 0.76% at 13.0450. Out of 1,852 stocks traded on the NSE, 516 declined, 1,007 advanced and 401 remained unchanged today.

A total of 65 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-weeklow on the NSE.

Jindal Steel & Power Ltd is currently trading at Rs. 87.35, up by Rs. 2.4 or 2.83% from its previous closing of Rs. 84.95 on the BSE. The company will announce its Q1 numbers today.

Oil & Natural Gas Corp Ltd is currently trading at Rs. 250.95, up by Rs. 5.85 or 2.39% from its previous closing of Rs. 245.1 on the BSE. The company has posted a net profit after tax of Rs.4,232.5 crore for the quarter ended June 30, 2016 as compared to Rs.5368.4 crore for the quarter ended June 30, 2015.

Tata Consultancy Services Ltd is currently trading at Rs. 2320.4, down by Rs. 126.6 or 5.17% from its previous closing of Rs. 2447 on the BSE. The IT Company said it will update investors on business trends in Q2 FY17. It is seeing sequential loss of momentum in BFSI vertical and holding back of discretionary spending seen in BFSI vertical in the US, as per media reports.

Aptech Ltd is currently trading at Rs. 175.05, up by Rs. 15.9 or 9.99% from its previous closing of Rs. 159.15 on the BSE. The company made a foray into the preschool education sector through a strategic alliance with the city-based Montana International Preschool.

PNC Infratech Ltd is currently trading at Rs. 126.85, up by Rs. 4.45 or 3.64% from its previous closing of Rs. 122.4 on the BSE. The National Highways Authority of India on Wednesday said it has given a Rs.820 crore highway project in Rajasthan to PNC Infratech.

Motherson Sumi Systems Ltd is currently trading at Rs. 337, up by Rs. 0.65 or 0.19% from its previous closing of Rs. 336.35 on the BSE. Motherson Sumi Systems Ltd will be acquiring the automotive business unit of Abraham and Co. Ltd in Hungary for about Rs.77 crore.

The rupee opened lower by 11 paise at 66.47/$ against US Dollar Thursday as against the previous close of 66.36/$.

Asian shares opened mixed. Asian shares opened mixed. Shanghai Composite and Nikkei 225 are trading is in red, while Hang Seng up 0.40%.

Wall Street closed mixed on Wednesday as investors digested the release of the Federal Reserve’s Beige Book, a key indicator of the US economic health. The Dow Jones industrial average fell 0.06%, to close at 18,526.14 points. The S&P 500 fell 0.02%, to end at 2,186.15 points. The Nasdaq rose 0.15%, to close at 5,283.93 points.

On the global front, the Fed said on Wednesday afternoon in its Beige Book report of anecdotal information that the US economy expanded at a modest pace in July and August, but there was little sign that wage pressures are being felt beyond highly skilled jobs.

Finance minister Arun Jaitley doesn’t rule out the possibility of India missing the 1 April deadline for the roll-out of the goods and services tax. Arun Jaitley 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.

ICICI Prudential Life Insurance Co. is likely to launch its share sale to raise at least Rs.5,000 crore in the week of 19 September.

Rail fares are set to rise across the Rajdhani, Duronto and Shatabdi trains where Railways is introducing this system which will increase the ticket tariffs by upto 10% on the base price with every 10 percent of tickets sold. 

Sensex, Nifty decline in early trade

At 9:33 AM, the S&P BSE Sensex is trading at 28,887 down 29 points, while NSE Nifty is trading at 8,906 down 11 points.

The BSE Mid-cap Index is trading up 0.01% at 13,461 whereas BSE Small-cap Index is trading up 0.39% at 12,867.

ONGC, Tata Steel, GAIL, Bajaj Auto, Hero MotoCorp and HUL are among the gainers, whereas tcs, Infosys, Wipro, NTPC, Tata Motors are losing sheen on BSE.

Some buying activity is seen in oil & gas, realty, metal, energy, basic materials, telecom and capital goods sectors, while IT and power sectors are showing weakness on BSE.

The INDIA VIX is down 1.73% at 12.9175. Out of 1,835 stocks traded on the NSE, 510 declined, 924 advanced and 401 remained unchanged today.

A total of 35 stocks registered a fresh 52-week high in trades today, while eight stocks touched a new 52-weeklow on the NSE.

The rupee opened lower by 11 paise at 66.47/$ against US Dollar Thursday as against the previous close of 66.36/$.

Asian shares opened mixed. Asian shares opened mixed. Shanghai Composite and Nikkei 225 are trading is in red, while Hang Seng up 0.40%.

Wall Street closed mixed on Wednesday as investors digested the release of the Federal Reserve’s Beige Book, a key indicator of the US economic health. The Dow Jones industrial average fell 0.06%, to close at 18,526.14 points. The S&P 500 fell 0.02%, to end at 2,186.15 points. The Nasdaq rose 0.15%, to close at 5,283.93 points.

On the global front, the Fed said on Wednesday afternoon in its Beige Book report of anecdotal information that the US economy expanded at a modest pace in July and August, but there was little sign that wage pressures are being felt beyond highly skilled jobs.

Finance minister Arun Jaitley doesn’t rule out the possibility of India missing the 1 April deadline for the roll-out of the goods and services tax. Arun Jaitley 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.

ICICI Prudential Life Insurance Co. is likely to launch its share sale to raise at least Rs.5,000 crore in the week of 19 September.

Rail fares are set to rise across the Rajdhani, Duronto and Shatabdi trains where Railways is introducing this system which will increase the ticket tariffs by upto 10% on the base price with every 10 percent of tickets sold. 

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.