Nifty shuts above 8,550 mark

Finally, the BSE Sensex ended with a gain of 266 points at 28,773. The BSE Sensex opened at 28,767 touched an intra-day high of 28,872 and low of 28,693.

The NSE Nifty closed with a gain of 90 points at 8,867. The NSE Nifty opened at 8,873 hitting a high of 8,893 and low of 8,837.

The Indian equity market opened over 1% up as US Federal Reserve kept the rates unchanged. The S&P BSE Sensex jumped over 350 points, while the broader Nifty50 went above its key 8,890 level.
 
The S&P BSE Sensex is trading at 28,795 up 287 points, while NSE Nifty is trading at 8,851 up 74 points.

The BSE Mid-cap Index is trading up 1.38% at 13,293 whereas BSE Small-cap Index is trading up 1.05% at 12,956.

Hero MotoCorp, NTPC, Adani Ports, SBI and Power Grid are among the gainers, whereas Lupin, Axis Bank, TCS, HUL, Coal India and Wipro are losing sheen on BSE.

Some buying activity is seen in oil & gas, utilities, banking, finance, capital goods and auto sectors, while IT and teck sector are showing weakness on BSE.

The INDIA VIX is down 8.89% at 13.4875. Out of 1,864 stocks traded on the NSE, 486 declined, 1,075 advanced and 303 remained unchanged today.

A total of 64 stocks registered a fresh 52-week high in trades today, while 18 stocks touched a new 52-week low on the NSE.

Nifty hovers around 8850, Sensex up over 200 pts; IT stocks drag

The market is still holding gains with the Sensex up 232.88 points or 0.8 percent at 28740.30. The Nifty is up 74.55 points or 0.8 percent at 8851.70. About 1575 shares have advanced, 1022 shares declined, and 200 shares are unchanged.

 Lupin, TCS, Axis Bank, Coal India and HUL were losers in the Sensex while  Hero MotCorp, NTPC, SBI, Adani Ports and Relinace were gainers. 

European stocks opened higher as global investors reacted to the widely expected decision by the US Federal Reserve to hold interest rates steady.

 European markets are to follow the positive lead set in Asia and the US where stocks rallied after the Federal Reserve kept interest rates unchanged on Wednesday, despite hinting of a hike later in the year. 

In its post-meeting statement, the Federal Open Market Committee expressed confidence in economic growth, but not enough to make a move this month.

Sensex rallies over 250 points; banking, metal gain

The Indian equity market opened over 1% up as US Federal Reserve kept the rates unchanged. The S&P BSE Sensex jumped over 350 points, while the broader Nifty50 went above its key 8,890 level.

The S&P BSE Sensex is trading at 28,785 up 277 points, while NSE Nifty is trading at 8,867 up 90 points.

The BSE Mid-cap Index is trading up 0.87% at 13,225 whereas BSE Small-cap Index is trading up 0.92% at 12,939.

ICICI Bank, Hero MotoCorp, Tata Steel, SBI, Axis Bank and Bajaj Auto are among the gainers, whereas Wipro, Dr.Reddy's and Infosys are losing sheen on BSE.

All the BSE sectoral indices were trading in the positive territory. Some buying activity is seen in banking, realty, metal, auto, finance, basic materials and realty sectors.

The INDIA VIX is down 8.29% at 13.5775. Out of 1,863 stocks traded on the NSE, 322 declined, 1,202 advanced and 339 remained unchanged today.

A total of 31 stocks registered a fresh 52-week high in trades today, while eight stocks touched a new 52-week low on the NSE.

The rupee opened higher 17 paise at 66.86/$ against US Dollar Thursday as against the previous close of 67.01/$.

The current account deficit (CAD) narrowed sharply to just USD 300 million, or 0.1% of GDP, in the June quarter, driven by lower trade deficit on deeper import contraction, the Reserve Bank said.

On the economy front, the Union cabinet also approved the finance ministry’s proposal to advance the general budget’s presentation by a month from the end of February.

Asian markets opened higher on Thursday. Shanghai Composite and Hang Seng are up by 1% each. Japanese markets were closed to observe a local holiday. 

Wall Street closed sharply higher on Wednesday after the Federal Reserve kept interest rates unchanged. The Dow Jones industrial average gained 0.90% to close at 18,293.7 points. The S&P 500 rose 1.09% to end at 2,163.12 points, while the Nasdaq advanced 1.03% to close at 5,295.18 points.

The US Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten the monetary policy by the end of this year as the labour market improved further.

The Rs.6,057-crore IPO of ICICI Prudential Life Insurance Company has oversubscribed 10.47 times on Wednesday, the last day of subscription.

Sensex, Nifty flat after consolidation; outcome of Fed meet eyed

The market closed rangebound session on a flat note Wednesday as investors remained cautious ahead of outcome of the Federal Reserve meeting later today. The Sensex jumped 166 points intraday and the Nifty climbed over 8800 level after the Bank of Japan's (BoJ) action but wiped out those gains in late trade.

 The 30-share BSE Sensex was down 15.78 points at 28507.42 and the 50-share NSE Nifty rose 1.25 points to 8777.15. 

The Fed rate hike hopes already diminished after recent data points. Now the commentary will be closely watched by investors globally, experts said. 

Once the Federal Reserve event gets priced in, the market may gain strength and start moving towards its record high, they feel. FIIs selling Rs 1,150 crore worth of Indian equities on Tuesday was one-off, which may be due to profit booking or investors cashed in for investment in ICICI Prudential Life's Rs 6,057-crore IPO that ended today.

 "The world is awash with liquidity and it is not evident that any central bank, neither the Fed nor the BoJ is in a position to reverse the tide of easy money that has been set afoot over the last eight-nine months specially," Saurabh Mukherjea of Ambit Capital said. 

The Japanese economy doesn't seem to be going anywhere in particular and the Fed is unlikely to tighten for the US presidential elections, he feels. 

Surendra Goyal of Citi said the mood on emerging markets overall was generally cautious post the rally of 20 percent since February but he remained constructive and raised Sensex target to 30,000.

Live Stock Market Updates - Sensex, Nifty end flat

Closing Bell:
Finally, the BSE Sensex ended with a loss of 16 points at 28,507. The BSE Sensex opened at 28,554 touched an intra-day high of 28,689 and low of 28,462.

The NSE Nifty closed with a loss of mere one points at 8,777. The NSE Nifty opened at 8,790 hitting a high of 8,827 and low of 8,757.30.

Live Market:

The S&P BSE Sensex on Wednesday jumped over 100 points, while the broader Nifty went above its key 8,800 level. The Nifty opened 14 points up at 8,790, while the Sensex opened 31 points up at 28,554. The Bank of Japan refrained from cutting interest rates from -0.1% at its monetary policy meeting, choosing instead to modify its existing policy framework.

At 2:03 PM, the S&P BSE Sensex is trading at 28,561 up 37 points, while NSE Nifty is trading at 8,788 up 17 points. The BSE Mid-cap Index is trading up 0.23% at 13,150 whereas BSE Small-cap Index is trading up 0.50% at 12,861.

Adani Ports, Bharti Airtel, GAIL, Axis Bank, Sun Pharmaceuticals and Power Grid are among the gainers, whereas Hero MotoCorp, Maruti Suzuki, Bajaj Auto and ONGC are losing sheen on BSE.

Some buying activity is seen in telecom, realty, capital goods, consumer durables, utilities and  pharma sectors, while auto sector is showing weakness on BSE.

On the global front, the US Federal Reserve is scheduled to deliver their latest monetary policy decisions on Wednesday.

Welspun Corp Ltd is currently trading at Rs. 77.25, up by Rs. 2.95 or 3.97% from its previous closing of Rs. 74.3 on the BSE. The company announced that the Company's manufacturing unit at Anjar, Gujarat has been awarded with the following awards in the 27th Annual Convention on Quality Concepts organized by the Quality Circle Forum of India, Secunderabad (Vadodara Chapter).

Team Lease Services Ltd is currently trading at Rs. 1160.25, up by Rs. 61.15 or 5.56% from its previous closing of Rs. 1099.1 on the BSE. The company has signed a definitive agreement to acquire NichePro Technologies Pvt Ltd for an enterprise value of up to Rs. 29.5 crore.

Inox Leisure Ltd is currently trading at Rs. 272.5, up by Rs. 2.25 or 0.83% from its previous closing of Rs. 270.25 on the BSE. The Reserve Bank has allowed foreign investors to buy up to 49% stake in Inox Leisure Ltd under the Portfolio Investment Scheme (PIS).

Shriram EPC Ltd is currently trading at Rs. 25.95, up by Rs. 2.75 or 11.85% from its previous closing of Rs. 23.2 on the BSE. The company announced that it has been awarded contract of over Rs.74 crore. The company received an order from Chennai Metropolitan Water Supply and Sewage Board for providing comprehensive water supply scheme in Chennai city.

Adani Ports inched up 1%. Abbot Point Operations Pty Ltd (APO), the Australian subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ) has entered into an agreement to acquire ownership of Abbot Point Bulkcoal Pty Ltd (APB).

Kolte-Patil Developers Ltd slipped 1% to Rs.127. The company said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with Portman Holdings. 

The INDIA VIX is down 1.20% at 14.6025. Out of 1,866 stocks traded on the NSE, 629 declined, 950 advanced and 287 remained unchanged today.

A total of 56 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.

The rupee opened higher two paise at 66.99/$ against US Dollar Wednesday as against the previous close of 67/$.

Asian markets got off to a tentative start. Shanghai Composite and Hang Seng are trading in red, while Nikkei 225 is marginally down.

Live Stock Market Updates - Sensex, Nifty flat; FMCG, Banking drag

The S&P BSE Sensex on Wednesday jumped over 100 points, while the broader Nifty went above its key 8,800 level. The Nifty opened 14 points up at 8,790, while the Sensex opened 31 points up at 28,554. The Bank of Japan refrained from cutting interest rates from -0.1% at its monetary policy meeting, choosing instead to modify its existing policy framework.

At 2:03 PM, the S&P BSE Sensex is trading at 28,561 up 37 points, while NSE Nifty is trading at 8,788 up 17 points. TheBSE Mid-cap Index is trading up 0.23% at 13,150 whereasBSE Small-cap Index is trading up 0.50% at 12,861.

Adani Ports, Bharti Airtel, GAIL, Axis Bank, Sun Pharmaceuticals and Power Grid are among the gainers, whereas Hero MotoCorp, Maruti Suzuki, Bajaj Auto and ONGC are losing sheen on BSE.

Some buying activity is seen in telecom, realty, capital goods, consumer durables, utilities and  pharma sectors, while auto sector is showing weakness on BSE.

On the global front, the US Federal Reserve is scheduled to deliver their latest monetary policy decisions on Wednesday.

Welspun Corp Ltd is currently trading at Rs. 77.25, up by Rs. 2.95 or 3.97% from its previous closing of Rs. 74.3 on the BSE. The company announced that the Company's manufacturing unit at Anjar, Gujarat has been awarded with the following awards in the 27th Annual Convention on Quality Concepts organized by the Quality Circle Forum of India, Secunderabad (Vadodara Chapter).

Team Lease Services Ltd is currently trading at Rs. 1160.25, up by Rs. 61.15 or 5.56% from its previous closing of Rs. 1099.1 on the BSE. The company has signed a definitive agreement to acquire NichePro Technologies Pvt Ltd for an enterprise value of up to Rs. 29.5 crore.

Inox Leisure Ltd is currently trading at Rs. 272.5, up by Rs. 2.25 or 0.83% from its previous closing of Rs. 270.25 on the BSE. The Reserve Bank has allowed foreign investors to buy up to 49% stake in Inox Leisure Ltd under the Portfolio Investment Scheme (PIS).

Shriram EPC Ltd is currently trading at Rs. 25.95, up by Rs. 2.75 or 11.85% from its previous closing of Rs. 23.2 on the BSE. The company announced that it has been awarded contract of over Rs.74 crore. The company received an order from Chennai Metropolitan Water Supply and Sewage Board for providing comprehensive water supply scheme in Chennai city.

Indoco Remedies rallied 3.2% after the company has acquired the manufacturing facility located at Baddi of Micro Labs Ltd., (a Bangalore based company)

Prestige Estates Projects gained 1.3%. The company is planning to raise at least $300 million, around Rs.2,000 crore, by selling up to 40% stake in its rent-yielding commercial assets and has drawn interest from Canadian Pension Plan and GIC of Singapore, as per media reports.

Inox Leisure inched up 1%. The Reserve Bank has allowed foreign investors to buy up to 49% stake in Inox Leisure Ltd under the Portfolio Investment Scheme (PIS).

Monsanto India zoomed 4%. German chemicals conglomerate Bayer made an open offer to buy 26% in Monsanto India as part of a global deal. Bayer is acquiring the U.S. based seed major Monsanto for $66 billion, as per media report.

Trent Ltd slipped 0.55%. Trent Ltd has informed BSE that the Company has redeemed 3,000 rated listed unsecured redeemable non - convertible debentures ("NCDs") of face value Rs.10 lakhs each at par on due date i.e. September 20, 2016. Total redemption amount was Rs.300 crore.

NBCC advanced 1% to Rs.254.50. NBCC (India) said that it has secured work orders amounting to about Rs.440 crore.

IRB Infrastructure Developers gained 1.1%. IRB Infrastructure said it has bagged a DBFOT road project for six-laning of 125 km long Kishangarh-Udaipur-Ahmedabad section in Rajasthan.

Vardhman Textiles Ltd climbed 6%. Vardhman Textiles will consider proposal to buy-back the fully paid-up equity shares of the company, as per media reports.

TeamLease Services Ltd zoomed 5%. The company has signed a definitive agreement to acquire NichePro Technologies Pvt Ltd for an enterprise value of up to Rs. 29.5 crore.

Adani Ports inched up 1%. Abbot Point Operations Pty Ltd (APO), the Australian subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ) has entered into an agreement to acquire ownership of Abbot Point Bulkcoal Pty Ltd (APB).

Kolte-Patil Developers Ltd slipped 1% to Rs.127. The company said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with Portman Holdings. 

The INDIA VIX is down 1.20% at 14.6025. Out of 1,866 stocks traded on the NSE, 629 declined, 950 advanced and 287 remained unchanged today.

A total of 56 stocks registered a fresh 52-week high in trades today, while 15 stocks touched a new 52-week low on the NSE.

The rupee opened higher two paise at 66.99/$ against US Dollar Wednesday as against the previous close of 67/$.

Asian markets got off to a tentative start. Shanghai Composite and Hang Seng are trading in red, while Nikkei 225 is marginally down.

Wall Street closed flat on Tuesday. The Dow Jones industrial average rose 9.79 points, or 0.05%, to 18,129.96, the S&P 500 gained 0.64 points, or 0.03%, to 2,139.76 and the Nasdaq Composite added 6.33 points, or 0.12%, to 5,241.35. Oil prices were up in early Asian trade with US crude oil futures up 2% to USD 44.85 per barrel.

In the cabinet meeting today, the government to consider the finance ministry's proposals to reform the entire budgetary process, including advancing the date of budget presentation, merging the Railway budget with general budget and dropping the plan and non-plan distinction.

Moody's Investors Service said the reforms undertaken by the government will help boost investor confidence and bolster growth potential, but cautioned muted private investment and banking sector risks will remain a constraint on India's sovereign rating.

Sensex jumps over 150 points; Consumer Durables, Realty gain

The S&P BSE Sensex on Wednesday jumped over 100 points, while the broader Nifty went above its key 8,800 level. The Nifty opened 14 points up at 8,790, while the Sensex opened 31 points up at 28,554. The Bank of Japan refrained from cutting interest rates from -0.1% at its monetary policy meeting, choosing instead to modify its existing policy framework.

The S&P BSE Sensex is trading at 28,672 up 149 points, while NSE Nifty is trading at 8,799 up 23 points. The BSE Mid-cap Index is trading up 0.52% at 13,186 whereas BSE Small-cap Index is trading up 0.77% at 12,896.

Adani Ports, Bharti Airtel, GAIL, Axis Bank, Sun Pharmaceuticals and Power Grid are among the gainers, whereas Hero MotoCorp, Maruti Suzuki, Bajaj Auto and ONGC are losing sheen on BSE.

Some buying activity is seen in telecom, realty, capital goods, consumer durables, utilities and  pharma sectors, while auto sector is showing weakness on BSE.

On the global front, the US Federal Reserve and the Bank of Japan are both scheduled to deliver their latest monetary policy decisions on Wednesday.

The INDIA VIX is down 0.08% at 14.7675. Out of 1,851 stocks traded on the NSE, 393 declined, 1,075 advanced and 383 remained unchanged today.

A total of 30 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.

The rupee opened higher two paise at 66.99/$ against US Dollar Wednesday as against the previous close of 67/$.

Asian markets got off to a tentative start. Shanghai Composite and Hang Seng are trading in red, while Nikkei 225 is marginally down.

Wall Street closed flat on Tuesday. The Dow Jones industrial average rose 9.79 points, or 0.05%, to 18,129.96, the S&P 500 gained 0.64 points, or 0.03%, to 2,139.76 and the Nasdaq Composite added 6.33 points, or 0.12%, to 5,241.35. Oil prices were up in early Asian trade with US crude oil futures up 2% to USD 44.85 per barrel.

In the cabinet meeting today, the government to consider the finance ministry's proposals to reform the entire budgetary process, including advancing the date of budget presentation, merging the Railway budget with general budget and dropping the plan and non-plan distinction.

Moody's Investors Service said the reforms undertaken by the government will help boost investor confidence and bolster growth potential, but cautioned muted private investment and banking sector risks will remain a constraint on India's sovereign rating.

The initial public offering (IPO) of ICICI Prudential Life Insurance Co. Ltd, excluding the anchor book, was subscribed 51.96% on Tuesday, the second of the three-day offering.

Nifty hovers around 8800, Sensex firm ahead of Fed meet outcome

The global investors has taken the view that world is awash with liquidity and anything contrary to this notion will be a spoiler, believes Saurabh Mukherjea, CEO - Institutional Equities at Ambit Capital.

“There is no economic pick-up as such in the domestic market,” says Mukherjea adding that no up-move is expected in the next six months. Ambit continues to stick with its Sensex target of 29,500 by year-end. 

However, Mukherjea says three structural changes are happening in the economy. One is the decline in public banks and the rise of small private banks and NBFCs, second is decline in railways, which will benefit the road sector and lastly, the trackdown of black money in the economy.

Equity benchmarks were marginally higher in morning trade with the Nifty reclaiming 8800 level ahead of outcome of Federal Reserve's two-day policy meeting later today.

The 30-share BSE benchmark Sensex was up 64.01 points at 28587.21 and the 50-share NSE Nifty gained 23.10 points at 8799 while the broader markets outperformed benchmarks. 

The BSE Midcap index rose 0.4 percent and Smallcap was up 0.7 percent on positive breadth. About 1427 shares advanced against 592 declining shares on the BSE.

 Japanese shares rose after the Bank of Japan (BOJ) announced it would modify its monetary policy framework. 

The BOJ kept rates at -0.1 percent, and said it would abandon its monetary base target, but would maintain its program of buying long-term Japanese government bonds at a pace so that the balance of its holdings increases by 80 trillion yen (USD 781 billion).

Live Stock Market Updates - Sensex, Nifty trade flat; telecom, realty gain

At 9:30 AM, the S&P BSE Sensex is trading at 28,549 up 26 points, while NSE Nifty is trading at 8,786 up 10 points. The BSE Mid-cap Index is trading up 0.30% at 13,160 whereas BSE Small-cap Index is trading up 0.53% at 12,864.

Adani Ports, Bharti Airtel, GAIL, Axis Bank, Sun Pharmaceuticals and Power Grid are among the gainers, whereas Hero MotoCorp, Maruti Suzuki, Bajaj Auto and ONGC are losing sheen on BSE.

Some buying activity is seen in telecom, realty, capital goods, consumer durables, utilities and  pharma sectors, while auto sector is showing weakness on BSE.

On the global front, the US Federal Reserve and the Bank of Japan are both scheduled to deliver their latest monetary policy decisions on Wednesday.

The INDIA VIX is down 1.52% at 14.5550. Out of 1,836 stocks traded on the NSE, 454 declined, 940 advanced and 442 remained unchanged today.

A total of 30 stocks registered a fresh 52-week high in trades today, while 10 stocks touched a new 52-week low on the NSE.

The rupee opened higher two paise at 66.99/$ against US Dollar Wednesday as against the previous close of 67/$.

Asian markets got off to a tentative start. Shanghai Composite and Hang Seng are trading in red, while Nikkei 225 is marginally down.

Wall Street closed flat on Tuesday. The Dow Jones industrial average rose 9.79 points, or 0.05%, to 18,129.96, the S&P 500 gained 0.64 points, or 0.03%, to 2,139.76 and the Nasdaq Composite added 6.33 points, or 0.12%, to 5,241.35. Oil prices were up in early Asian trade with US crude oil futures up 2% to USD 44.85 per barrel.

In the cabinet meeting today, the government to consider the finance ministry's proposals to reform the entire budgetary process, including advancing the date of budget presentation, merging the Railway budget with general budget and dropping the plan and non-plan distinction.

Moody's Investors Service said the reforms undertaken by the government will help boost investor confidence and bolster growth potential, but cautioned muted private investment and banking sector risks will remain a constraint on India's sovereign rating.

The initial public offering (IPO) of ICICI Prudential Life Insurance Co. Ltd, excluding the anchor book, was subscribed 51.96% on Tuesday, the second of the three-day offering.

Nifty snaps 4-day winning streak...shuts below 8800

The Indian equity market snapped a four-day winning streak on Tuesday led by profit booking, coupled with negative global cues and caution ahead of major global financial events. Today’s major decline was led by the realty, power, capital goods, FMCG, auto, IT and telecom stocks, while metal and oil & gas among the gainer.

Among the Nifty stocks, Yes Bank, Bharti Infratel, ONGC, Eicher Motors, Hindalco, Tata Steel and Cipla were the gainers whereas Hero MotoCorp, Adani Ports, Bajaj Auto, IndusInd Bank, ACC and Tata Power were among the losers today.

Finally, the BSE Sensex ended with a loss of 111 points at 28,523. The BSE Sensex opened at 28,691 touched an intra-day high of 28,699 and low of 28,481.

The NSE Nifty closed with a loss of 33 points at 8,776. The NSE Nifty opened at 8,816 hitting a high of 8,816.45 and low of 8,759.

The India VIX (Volatility) index was down 1.07% at 14.7800. Out of 1,501 stocks traded on the NSE, 900 declined and 526 advanced today. The BSE Midcap and Smallcap indices closed lower.

The rupee was trading down seven paise at 67.03 per US dollar.

On the global front, Asian stocks edged lower on Tuesday. Japan’s Nikkei closed marginally down. China’s Shanghai Composite and Hong Kong’s Hang Seng ended marginally lower.

European stocks retreated, after rising the most in two weeks as investors awaited the Federal Reserve’s Wednesday meeting. The FTSE 100 was marginally up 0.52%. The CAC 40 and DAX gained 0.3% each.

Castrol India rallied 8.8% after its promoter British Petroleum sold 8.5% stake in Castrol India. Post sale, British energy giant now holds 51% in its Indian lubricants subsidiary.

Jubilant FoodWorks tumbled 6%. The company said its CEO and whole-time director Ajay Kaul will resign to pursue opportunities outside the company.

Cadila Healthcare advanced 1.5%. Zydus Cadila and Takeda Pharmaceutical Company announced a partnership to tackle chikungunya, an emerging infectious disease.

IFCI zoomed 4%. The company will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE) to Axis Bank for Rs 22.72 crore.

GTL Infrastructure jumped 14.8% to Rs.2.86 on the BSE. The company informed BSE that the company is a part of the Global Group (being Global Holding Corporation Pvt. Ltd, GTL Limited, the Company and Chennai Network Infrastructure Limited (CNIL) and together with its affiliate company, CNIL, owns and operates an independent telecom tower network, with over 27,000 towers and over 45,000 tenancies pan India. The company has invested Rs.1,800 crores in CNIL.

Hotel Leela Venture zoomed 1.4%. The company gets shareholder approval for sale/transfer of The Leela Palace, Chennai and/or The Leela Palace, New Delhi.

K P R Mill Ltd gained 1%. The Board of Directors meeting of the Company is scheduled to be held on October 5, 2016, inter alia, to consider the subdivision of Equity Shares of the Company of face value of Rs. 10 each. The company to amendment to Capital Clause of Memorandum of Association for the above.

Mangalam Cement Ltd rose 2.3% after the company has commenced Commercial Production of the New Cement Grinding Unit with a capacity of 0.75 Million Tons Per Annum (MTPA) at Aligarh, Uttar Pradesh. The overall capacity is now enhanced from 3.25 MTPA to 4.00 MTPA.

Den Network soared 3.2% to Rs.81. The company said that its board has approved the allotment of 1.58 crore shares on preferential basis to affiliates of the Goldman Sachs Group that form part of the persons belonging to the non-promoter category.

Bharat Rasayan climbed 20% to Rs.1,782 after the company said it reported a net profit of Rs.14.52 crore in June quarter, up 76.45% from Rs.8.23 crore a year ago. Net sales rose 46% to Rs.166.25 crore.

Mindteck hit 20% to Rs.94.10 after the compamy announced that it has implemented a smart parking pilot project at Connaught Place, C Block, New Delhi, for New Delhi Municipal Corporation (NDMC).

A total of 50 stocks registered a fresh 52-week high in trades today, whereas 18 stocks touched a new 52-week low on the NSE.