Friday, Mar 29th 2024
Trending News

BSE Sensex, NSE Nifty close on positive note; RBI policy meet eyed

By FnF Desk | PUBLISHED: 24, Sep 2015, 16:13 pm IST | UPDATED: 24, Sep 2015, 16:18 pm IST

BSE Sensex, NSE Nifty close on positive note; RBI policy meet eyed Mumbai: Indian shares ended slightly higher on Thursday as derivatives expiry, a long weekend and the central bank’s credit policy meeting next week deterred investors from building large positions. The S&P BSE Sensex closed 40.51 points, or 0.16%, higher at 25,863.50, while the 50-share CNX Nifty of the National Stock Exchange (NSE) closed up 22.55 points, or 0.29%, at 7,868.50.

3:30pm The S&P BSE Sensex is trading higher by 58.33 points, or 0.23%, to 25,881.32, while the 50-share CNX Nifty of the National Stock Exchange (NSE) is up 26.25 points, or 0.33%, to 7,872.20.

3:10pm The S&P BSE Sensex is trading higher by 32.89 points, or 0.13%, to 25,855.88, while the 50-share CNX Nifty of the National Stock Exchange (NSE) is up 21.65 points, or 0.28%, to 7,867.60.

2:52pm: The S&P BSE Sensex is trading higher by 65.63 points, or 0.25%, to 25,888.62, while the 50-share CNX Nifty of the National Stock Exchange (NSE) is up 35.80 points, or 0.46%, to 7,881.75.

2:27pm: Indian stocks turn positive, with the S&P BSE Sensex up 50.37 points, or 0.2%, to 25,873.36, while the Nifty rises 25.35 points, or 0.32%, to 7,871.30.

2:20pm: IT stocks gain as rupee weakened against the dollar. Infosys is up 2.6%, HCL 2.1%, Mindtree 4.7% and NIIT Tech 5%.

2:11pm: The rupee is trading at 66.10, down 0.17% from its previous close of 65.99. The local unit opened at 66.21 per US dollar and touched a low of 66.22, a level last seen on 16 September.

1:59pm: HCL Technologies is trading 1.5% higher after the company launched a new digital service exchange platform enabled by ServiceNow software. This platform provides service integration and management capabilities to enterprises allowing them to request and receive business services efficiently across their organizations.

1:40pm: Rural Electrification Corp. Ltd is currently trading 1.6% higher after the public sector company signed two separate MoUs with Andhra Pradesh power utilities to extend a fresh loan of Rs.9,000 crore. The objective of MoUs is enhancing the generation of green power and for creation of transmission network in Andhra Pradesh.

1:26pm: The S&P BSE Sensex is trading lower by just 36.52 points, or 0.14%, at 25,786.47, while the Nifty is down 5.45 points, or 0.07%, to 7,840.50.

1:14pm: Ballarpur Industries Ltd shares advance 6.7% after the company said it will sell its entire stake in its step-down subsidiary Sabah Forest Industries Sdn Bhd (SFI) of Malaysia to Pandawa Sakti (Sabah) Sdn Bhd for an enterprise value of $500 million.

1:00pm: Hindustan Construction Co. Ltd (HCC) gains 8.7% to Rs.19.40 after the company said in a notice to BSE that it got an order worth Rs.1,783.42 crore from the National Highways Authority of India (NHAI).

12:48pm: NIIT Ltd rises 3.7% to Rs.72.05. The company informed to BSE that it will establish European Delivery Centre in Dublin.

12:31pm: Ashoka Buildcon Ltd is up 2.8% to Rs.169 after the company said it has got Rs.414 crore JNPT and Mumbai road order.

12:19pm: A2Z Infra Engineering Ltd climbs 6.3% to Rs.26 after the company said in a notice to BSE that it has issued 6.84% stake to ICICI Bank under debt recast.

12:09pm: The S&P BSE Sensex trims losses to trade lower by just 10.82 points, or 0.04%, to 25,812.17, while the Nifty is margianlly up by 4.75 points, or 0.06%, to 7,850.70.

11:52am: Monnet Ispat and Energy Ltd climbs 15% after CNBC TV18 reported that JSW Energy is likely to acquire 74% stake in a unit of the company. JSW Energy shares rise 1.8%.

11:43am: Shree Renuka Sugars Ltd rises 1% as the company s planning to sell its remaining stake in the National Commodity and Derivatives Exchange (NCDEX) as part of its strategy to sell all non-core assets. In this regard, the company has appointed Motilal Oswal as an advisor for the deal.

11:31am: IRB Infrastructure Developers Ltd drops 2% after the company said it has decided to set up an infrastructure investment trust by March next year to sell or transfer stake in SPVs to facilitate generation of funds.

11:15am: Strides Arcolab gains 3.5% after Jefferies started coverage of the stock with a “buy” rating and set a target price of Rs.1,500 apiece.

11:04am: The S&P BSE Sensex is still down 99.40 points, or 0.38%, to 25,723.59, while the Nifty falls 20.90 points, or 0.27%, to 7,825.05.

10:51am: South Indian Bank Ltd surges as much as 15.6% to Rs.24.40 on strong volumes.

10:42am: Prime Focus Ltd climbs 7.8% to Rs.54 after a huge block deal. Around 29.14 million equity shares, or 9.75% stake of the company, have changed hands in block deals. Further details of buyers and sellers were not available, Bloomberg reported.

10:35am: Srei Infrastructure Finance Ltd is down 1% to Rs.44.95. CARE Ratings downgraded ratings for the Kolkata-based firm’s long-term bonds and debentures due to an increase in non-performing assets and restructured assets and also taking into account the subdued environment in the Indian economy, especially in the infrastructure space. The rating for long-term infrastructure bonds was cut from ‘AA-’ to ‘A+’ and that on unsecured bonds from ‘AA-’ to ‘A’. The total long-term bank facilities under rating were Rs.11,933 crore.

10:26am: GMR Infrastructure Ltd drops 3.6% to Rs.13.30. CARE Ratings has cut ratings for long-term loans to GMR Hyderabad-Vijayawada Expressways to default grade “D” due to delays in servicing debt and cash losses. The total short- and long-term banks’ facilities were pegged at Rs.1,768 crore. GMR Infrastructure holds 90% stake in the expressways, a special purpose vehicle set up for the road project

10:19am: C&C Constructions Ltd advances 20% to Rs.13.64 after the company said in a notice to BSE that it got an order worth $141.28 million from Engineering Projects (India) Ltd-Oman for road and civil works in the Sultanate of Oman.

10:13am: Elder Pharmaceuticals Ltd surges 16% after the company said in a notice to BSE that its board will meet on 28 September to consider selling of its overseas arm.

10:08am: The S&P BSE Sensex is now trading lower by 98.28 points, or 0.38%, to 25,724.71, while the Nifty is down 18.25 points, or 0.23%, to 7,827.70.

10:02am: Lupin Ltd rises 4.2% to Rs.2002. Rating firm Credit Suisse upgraded the stock to “ outperform” from “neutral”, according to Bloomberg.

9:56am: Cairn India Ltd falls 1.7% to Rs.145.20, while Vedanta Ltd is down 1% to Rs.93.15. Vedanta has slashed nearly 4,000 direct and indirect jobs in the country since January this year. The job cuts have taken place at the mining giant’s Indian arms Vedanta Aluminium, Bharat Aluminium Co. Ltd (Balco), Cairn India and Sesa Goa—the iron ore business in Goa. Of the around 4,000 job loss, about 2,700 are direct and the rest are indirect, a PTI report said.

9:50am: TV18 Broadcast Ltd jumps 4.7%, NCC Ltd is up 4.2%, Cadila Healthcare Ltd 2.8%, Bharti Infratel Ltd 1.4% and Marico Ltd 2.3% after all these stocks entered into future and option segments.

9:45am: Among the sectoral indices, the BSE Healthcare Index is the top gainer, up 1%, followed by IT, Realty, Teck and Auto indices which are up 0.4% each.

The BSE Metal and Capital Goods indices are top sectoral losers, down 1% each, followed by Power and Oil and Gas which are down 0.6% each.

9:39am: Indian stocks slip ahead of the September derivatives expiry on Thursday, with the benchmark stock indices poised for their first weekly drop in three weeks.

The 30-share S&P BSE Sensex is down 90.12 points, or 0.35%, to 25,732.87, while the 50-share Nifty of the National Stock Exchange (NSE) is trading lower by 20.40 points, or 0.26%, to 7,825.55.

9:25am: The rupee opens weaker at 66.21 per US dollar compared with its previous close of 65.99 tracking losses in Asian currencies. Read more.

9:20am: The yield on India’s 10-year benchmark bond is trading flat at 7.715%.

9:15am: The dollar slips to 119.93 yen from 120.25 yen in the previous trading session. The euro ticks higher to $1.1189 from $1.1182.

9:10am: Oil prices edge up after taking a hit in the previous session in response to a mixed US stockpiles report. US benchmark West Texas Intermediate (WTI) is trading 0.9% higher at $44.88 a barrel, while Brent crude adds 0.67% to $48.07.

9:05am: Japan’s Nikkei 225 drops 2.3% to 17,647.45 and Hong Kong’s Hang Seng loses 0.6% to 21,181.74. South Korea’s Kospi rises 0.4% to 1,952.42 and the Shanghai Composite Index gains 0.6% to 3,135.09. Australia’s S&P/ASX 200 rises 0.9% to 5,041.70. Benchmarks in Taiwan, Thailand the Philippines are lower.

9:00am: Asian markets mostly recover from the previous day’s sharp losses but Tokyo tumbled as investors returned from a long weekend to play catch-up, with auto giants hit by the Volkswagen scandal.

8:55am: The Standard and Poor’s 500 edged 0.2% lower to 1,938.76 on Wednesday and the Dow Jones industrial average lost 0.3% to 16,279.89. The Nasdaq composite slipped 0.1% to 4,752.74. #Source: The LiveMint