1. Ahead of US Elections, Sensex ends 132 points up, Nifty settles in green at 8,543

Ahead of US Elections, Sensex ends 132 points up, Nifty settles in green at 8,543

Sensex today closed over 132 points higher at 27,591.14 and Nifty reclaimed the 8,500-mark as buying activity gathered momentum towards the fag-end on positive global sentiments, with investors expecting Hillary Clinton to emerge victorious in the US election.

By: | Updated: November 8, 2016 4:26 PM
BSE Sensex, NSE Nifty Asian shares rose in early Asian trade on Tuesday ahead of the U.S. presidential election, with investor sentiment buoyed by improving prospects for Democrat Hillary Clinton to win.

Sensex today closed over 132 points higher at 27,591.14 and Nifty reclaimed the 8,500-mark as buying activity gathered momentum towards the fag-end on positive global sentiments, with investors expecting Hillary Clinton to emerge victorious in the US election. The 30-share Sensex after shuttling between 27,646.84 and 27,406.76, settled 132.15 points, or 0.48 per cent, higher at 27,591.14. The gauge had gained 184.84 points yesterday.

03.34 pm: BSE Sensex settles 132 points up at 27,591.14 while NSE Nifty ends in green, advancing 46 points at 8,543.55

02.20 pm: Sensex gained 35 points to trade at 27,493.99 while Nifty turned green by advancing 13 points at 8,510.20

01.52 pm: Sensex was trading 9 points lower at 27,449.99 while Nifty slipped by 3 points to 8,493.95

12.26 pm: BSE Sensex slipped by 23 points to 27,435.13 while Nifty turned red by losing 4.45 points at 8,492.6

11.17 am: Sensex in a steady move traded in green at 27,459.72 while Nifty was up by 0.02% at 8,499

10.14 am: The 30-share index was trading at 27,509.41, up by 50 points while Nifty gained 16.50 points to trade at 8,513.55

09.35 am: Sensex was trading over 70 points high at 27,526.58 while NSE nifty advanced by 22.75 points to trade at 8,519.80. Here is how the 30-share index is performing as of now:

bse1

OPENING BELL

BSE Sensex, NSE Nifty opened in green ahead of the US Presidential Elections. Sensex opened nearly 80 points up at 27,547.95 while Nifty was up by 25 points or  0.30% at 8,522.75

PRE-MARKETS

Ahead of US Presidential Elections, domestic equity markets are likely to open on a higher note on Tuesday tracking SGX Nifty and global cues. At 07.50 am, SGX Nifty was trading 29 points up at 8,538. Asian shares rose in early Asian trade on Tuesday ahead of the U.S. presidential election, with investor sentiment buoyed by improving prospects for Democrat Hillary Clinton to win. The Mexican peso, which has moved in opposite step to perceived chances of Republican Donald Trump winning the election, retained its strong gains from Monday, while the dollar also held steady.

On Monday, Sensex staged a strong comeback to end with a gain of nearly 185 points, reversing its five-session losing run and tracking rebound in global market after prospects of Hillary Clinton brightened in the US presidential race following an FBI reprieve.

Stocks in focus:

1. ICICI Bank: ICICI Bank on Monday reported 12.8 per cent dip in consolidated net profit to Rs 2,979 crore for the September quarter as its provisioning for bad loans shot up by 7-fold. The bank’s net profit in July-September quarter of the last fiscal was Rs 3,419 crore.

2. Britannia Industries: Britannia Industries today reported a 5.79 per cent increase in consolidated net profit at Rs 233.95 crore for the second quarter ended September 30, 2016. The company had posted a net profit of Rs 221.13 crore in July-September period a year-ago, Britannia Industries said in a BSE filing.

3. Cognizant: Cognizant on Monday reported 11.8 per cent rise in net profit to USD 444.4 million in the July-September quarter, but cut its annual revenue forecast for the third straight time this year. The US-based firm, which posted 8.4 per cent jump in revenues to USD 3.45 billion in the September quarter, met its guidance of USD 3.43-3.47 billion topline for the third quarter.

4. Future Retail: Kishore Biyani-led Future Group on Monday said it signed a definitive agreement to acquire city-based dairy and retails enterprise, Heritage Foods Ltd, in an all stock deal. Heritage Foods, which currently owns 124 retail outlets under the brand name ‘Heritage Fresh’, will get 3.65 per cent share-holding in Future Retail through fresh issuance of shares.

5. GlaxoSmithKline Consumer Healthcare Ltd: GlaxoSmithKline Consumer Healthcare Ltd  on Monday reported 16.62 per cent decline in standalone net profit at Rs 183.72 crore for the second quarter ended September 30, 2016. The company had posted a standalone net profit of Rs 220.34 crore in the same quarter last fiscal, GlaxoSmithKline Consumer Healthcare Ltd (GSKCH) said in BSE filing.

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