1. Sensex climbs 184 points on F&O expiry, GST optimism; Nifty settles at 8,666

Sensex climbs 184 points on F&O expiry, GST optimism; Nifty settles at 8,666

The BSE Sensex and NSE Nifty ended in green on Thursday on account of buying in frontline bluechip counters as the Cabinet on Wednesday cleared changes in the GST Constituional Amendment bill amid F&O expiry.

By: | New Delhi | Updated: July 28, 2016 4:14 PM
BSE Sensex NSE Nifty stock markets today The BSE Sensex and NSE Nifty ended in green on Thursday on account of buying in frontline bluechip counters as the Cabinet on Wednesday cleared changes in the GST Constituional Amendment bill amid F&O expiry. (Reuters)

CLOSING BELL

The BSE Sensex and NSE Nifty ended in green on Thursday on account of buying in frontline bluechip counters as the Cabinet on Wednesday cleared changes in the GST Constituional Amendment bill amid F&O expiry. Sensex closed 184.29 points up at 28,208.62, while Nifty 50 index settled 50.50 points up at 8666.30.

In the 50-share index, Asian Paints, Bharti Infratel, Maruti Suzuki, Eicher Motors and Bosch jumped between 3.43 per cent and 5.99 per cent. On the other hand, Aurobindo Pharma, Idea Cellular, Adani Ports, Tata Steel and Larsen & Toubro skid between 1.25 per cent and 1.91 per cent.

Read more: Multibagger Alert: This smallcap stock turned Rs 1,000 to nearly Rs 33,000 in 2 years

Asian peers ended mostly mixed on Thursday. Hang Seng and Nikkei closed down by 0.20 per cent and 1.13 per cent. However, Shanghai settled marginally higher by 0.08 per cent.

3.13 pm: Dish TV shares plunged 2 per cent after it reported 24.60 per cent fall in net profit at Rs 40.87 crore for the quarter ended June 30, 2016 against Rs 54.21 crore in the same quarter last year. Sensex was trading 202.90 points up at 28227.23. Nifty was up 53.30 points at 8669.10.

2.36 pm: Sintex Industries shares slid over 3 per cent despite the company reported 10 per cent rise in net profit at Rs 62.78 crore for the quarter ended June 30, 2016 against Rs 56.96 crore in the corresponding quarter a year ago.

2.08 pm: Sensex was up 114 points at 28,138.

1.32 pm: Welspun Corp shares plunged over 5 per cent after it reported consolidated net loss of Rs 9.39 crore for the quarter ended June 30, 2016. Read more

12.58 pm: Meanwhile, shares of Punjab National Bank slid over 2 per cent after it reported 57 per cent year-on-year fall in net profit figures at Rs 306 crore for the quarter ended June 30, 2016.

12.26 pm: Sensex was trading 111 points up at 28,135. Nifty was up 34.40 points at 8650.20. Midcaps and Smallcaps were outperforming other major indices. The BSE Midcap index was up 0.87 per cent, while the BSE Smallcap index was trading 0.95 per cent up at 12325.35.

11.55 am: Kirloskar Ferrous Industries shares jumped over 5 per cent after it informed bourses that it has received its board’s approval for acquisition of movable and immovable assets relating to the pig iron plant of VSL Steels for a cash consideration of Rs 155 crore payable in installments. The company’s board gave approval for the same at its meeting held on July 28, 2016. Sensex was up 100 points at 28,123.

11.08 am: Meanwhile, Bajaj Finance shares surged 5 per cent to Rs 10,268.95 and also hit fresh 52-week high of Rs 10,285.

10.52 am: Sensex was up 97 points at 28,121.

10.00 am: Asian Paints was trading 8 per cent up at Rs 1,147. Shares of the company jumped after it posted 17.50 per cent rise in net profit at Rs 540.01 crore for the quarter ended June 30, 2016 against Rs 459.58 crore in the corresponding quarter a year ago.

9.46 am: Indian rupee opened higher at 67.07 against dollar. The currency closed at 67.15 against dollar on Wednesday.

9.27 am: Shares of Torrent Pharma were trading over 1 per cent down post Q1 results. However, Sensex was up 118 points at 28,142. Nifty was up 28.05 points at 8,643. Read more

9.21 am: Punjab National Bank, Dish TV and Hexaware will announce their results for the quarter ended June 30, 2016 today

9.15 am: The BSE Sensex opened 84.45 points up at 28108.78, while Nifty 50 index opened 21.15 points up at 8,636.95. Amtek Auto was trading 2.67 per cent up at Rs 52 in the early trade.

PRE-MARKETS

The BSE Sensex and NSE Nifty are likely to open in green on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. At 8.08 am (IST), SGX Nifty was up 11 points at 8619.50.

Asian peers, Hang Seng and Nikkei were trading down by 0.14 per cent and 0.79 per cent, respectively. However, Shanghai was up by 0.18 per cent in the morning trade.

Shares of Bharti Airtel and Torrent Pharma will remain in focus today. Bharti Airtel on Wednesday posted 31 per cent fall in consolidated net profit figures at Rs 1462 crore for the quarter ended June 30, 2016 against Rs 2113.20 crore in the same quarter last year.

Torrent Pharmaceuticals on Wednesday posted 55.07 per cent decline in consolidated net profit at Rs 292 crore for April-June period on account of fall in company’s US business. It had reported a net profit of Rs 650 crore for the same period year ago.

The Cabinet on Wednesday cleared changes in the GST Constitutional Amendment Bill, dropping 1 per cent manufacturing tax and providing guarantee to compensate states for any revenue loss in the first five years of rollout of the proposed indirect tax regime.

The BSE Sensex gained 48 points on Wednesday as the government reached a broad consensus on key issues in the long-pending GST bill.

(With agency inputs)

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