The BSE Sensex closed 30.49 points, or 0.11 per cent, up at 27,673.60, while the NSE Nifty index settled 10.05 points, or 0.12 per cent, up at 8,583.40. Market sentiments improved after India’s Wholesale Price Index (WPI) in the month of September 2016 has softened to 3.57 percent compared to 3.74 per cent in the previous month. Also, the consumer prices index (CPI), eased in the month of September at 4.31 per cent as compared to 5.05 per cent in August, mainly on account of a sharp fall in food prices especially those of vegetables.
Among the 51-components in the Nifty index, 29 stocks ended the day in green with GAIL surging 4.07 per cent, followed by Larsen & Toubro (up 2.50 per cent) and Tata Motors DVR (up 2.20 per cent). On the other hand, Zee Entertainment, Infosys and HUL dipped 3.56 per cent, 2.54 per cent and 2.47 per cent, respectively.
3.05 pm: TV18 Broadcast shares were trading 7.04 per cent down at Rs 43.60. The company reported 71 per cent fall in consolidated net profit at Rs 5.15 crore for the quarter ended September 30, 2016 against Rs 17.78 crore in the corresponding quarter a year ago. Read more
2.35 pm: In the Nifty 50 index, Gail, Larsen & Toubro, Reliance Industries, BPCL and Tata Motors DVR were up between 1.46 per cent and 3.71 per cent. On the other hand, Zee Entertainment, HUL, Bharti Infratel, Infosys and Idea Cellular were down between 1.37 per cent and 3.18 per cent.
1.58 pm: Sensex was trading 44.39 points up at 27,687. Read more: Want to strengthen your portfolio? Invest in these three stocks
1.09 pm: The BSE Sensex was up 57 points at 27701.10.
12.58 pm: Shares of Jammu & Kashmir Bank continued to trade under pressure for second day in a row after the bank told analysts that all exposure in J&K under the SMA-2 category. The lender also said its bottomline is going to be seriously hit in coming quarters. The scrip was trading 7.02 per cent down at Rs 69.55. Sensex was up 72.52 points at 27715. Nifty was up 18.35 points at 8591.70.
12.14 pm: Trident shares jumped over 3 per cent on Friday after credit rating agency, CARE upgraded ratings assigned to Trident’s Long term Bank Facilities from ‘A-’ to ‘A’ worth Rs 2,334.85 crore and ‘A1’ from ‘A2+’ rating assigned to company’s Short term Bank Facilities worth Rs 350 crore. The rating agency has also revised rating of company’s Long-term/Short-term Bank Facilities worth Rs 1,200 crore from ‘A-/ A2+’ to ‘A/ A1’.
12.10 pm: Reliance Communications (RCom) has signed non-binding term sheet with Brookfield Infrastructure Group (Brookfield) in relation to the proposed acquisition of RCom’s nationwide tower assets and related infrastructure by Brookfield. Under the Term Sheet, the specified assets are intended to be transferred from Reliance Infratel (RITL) on a going concern basis into a separate SPV, to be owned by Brookfield. Shares of the company were trading 2.14 per cent up at Rs 47.70.
11.40 am: PNB Housing Finance, a subsidiary of Punjab National Bank, has received the approval from capital markets regulator Securities & Exchange Board of India (Sebi) to raise Rs 2500 crore through an initial public offering. Shares of Punjab National Bank were trading 1.96 per cent up at Rs 140.65. Sensex was up 45.89 points at 27,689.
10.32 am: TCS reported 4.11 per cent increase in its net profit at Rs 5,958 crore for second quarter ended September 30, 2016 as compared to Rs 5,723 crore for the same quarter in the previous year. Shares of the company were trading 0.67 per cent up at Rs 2,344. The BSE IT index was down 0.73 per cent at 10,132.38.
9.50 am: Sensex was trading 12.44 points down at 27630. Meanwhile, Infosys posted 4.95 per cent rise in net profit at Rs 3,606 crore for the quarter ended September 30, 2016 against Rs 3,436 crore in the sequential quarter ended June 30, 2016. Shares of Infosys were trading 4.69 per cent down at Rs 1002.70. Read more: Infosys Q2 consolidated net profit rises 4.95% qoq to Rs 3,606 crore; cuts FY17 guidance to 8-9%
9.18 am: Infosys shares were trading 0.94 per cent down at Rs 1,042.20. The IT major will announce its financial results for the quarter ended September 30, 2016 on Friday.
OPENING BELL: The BSE Sensex opened 69.11 points, or 0.25 per cent, up at 27,712.22, while NSE Nifty opened 20.65 points, or 0.24 per cent up at 8,594.
The BSE Sensex and NSE Nifty are likely to open on a flat note with positive bias on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. At 8.15 am IST, SGX Nifty was trading 11 points up at 8,587. Asian stocks and the dollar bounced on Friday, erasing some losses from the previous day, as stronger-than-expected Chinese inflation data eased some concerns about the health of world’s second-biggest economy.
Hang Seng and Nikkei were up by 0.40 per cent and 0.04 per cent, respectively. Shanghai was trading down by 0.29 per cent in the morning trade.
On Wall Street, the Dow Jones Industrial Average index slipped 45.26 points to 18,098.94 on Thursday. The Standard & Poor’s 500 index declined 6.63 points, or 0.3 per cent, to 2,132.55. The Nasdaq Composite index lost 25.69 points, or 0.5 per cent to 5,213.33.
Shares of Infosys and TCS will remain in focus on Friday. Tata Consultancy Services (TCS) on Thursday after market hours posted 4.51 per cent rise in net profit at Rs 6,603 crore for the second quarter ended September 30, 2016 against Rs 6,318 crore for the sequential quarter ended June 30, 2016.
Infosys will announce its finanical results for the second quarter ended September 2016 on Friday.