1. Sensex ends 144 points down, Nifty settles below 8,530; ICICI Bank, NTPC gain

Sensex ends 144 points down, Nifty settles below 8,530; ICICI Bank, NTPC gain

The BSE Sensex closed 143.63 points down at 27,529.97 on account of selling in frontline bluechip counters. Nifty closed 63 points down at 8520.40.

By: | New Delhi | Updated: October 17, 2016 3:42 PM
BSE Sensex, NSE Nifty, stocks in focus The BSE Sensex closed 143.63 points down at 27,529.97 on account of selling in frontline bluechip counters. Nifty closed 63 points down at 8520.40.

CLOSING BELL

The BSE Sensex closed 143.63 points down at 27,529.97 on account of selling in frontline bluechip counters. Nifty closed 63 points down at 8,520.40. Among the 51-components in Nifty index, 44 stocks ended the day in green with ICICI Bank jumped the most — 7.18 per cent, followed by NTPC (2 per cent), ONGC (up 0.81 per cent), HUL (up 0.74 per cent) and State Bank of India (up 0.34 per cent). On the other hand, Zee Entertainment, Idea Cellular, Tech Mahindra, Ambuja Cement and Mahindra & Mahindra declined 5.60 per cent, 3.35 per cent, 3.08 per cent, 3.06 per cent and 3.03 per cent, respectively. Rupee was trading 12 paise down at 66.84 at the time of market closing.

2.59 pm: Sensex was down 177.94 points at 27495.66. Nifty was trading 70.50 points down at 8512.90.

2.57 pm: The BSE Midcap index was trading 1.07 per cent down at 13276.38, while the BSE Smallcap index was trading 0.57 per cent down at 13101.50. Midcap majors such as MRF, Havells and Zee Entertainment were down by 4.80 per cent, 4.38 per cent and 4 per cent, respectively. On the other hand, Oberoi Realty, PEL and Apollo Hospital were up by 3.65 per cent, 1.15 per cent and 1.04 per cent, respectively.

2.10 pm: UltraTech Cement was trading 1.28 per cent down at Rs 3986.85. The company reported 31.40 per cent rise in its net profit at Rs 601.05 crore for the quarter ended September  30, 2016 as compared to Rs 457.41 crore for the same quarter in the previous year.

1.53 pm: Shares of Dewan Housing Finance Corporation (DHFL) were trading 1.11 per cent up at Rs 304.40. The company posted 28.96 per cent rise in its net profit at Rs 232.61 crore for the quarter ended September 30, 2016 as compared to Rs 180.37 crore for the same quarter in the previous year. Total income of the company increased by 19.66 per cent at Rs 2,167.72 crore for Q2FY17 as compared Rs 1,811.64 crore for the corresponding quarter previous year.

1.16 pm: Sensex was down 92 points at Rs 301.40. Traders were still holding up positions in Banking, while selling was witnessed in Realty, Auto, Capital Goods, TECK and Metal sector stocks.

12.43 pm: Sensex was trading 113.33 points down at 27560.27. Nifty was down 54.95 points at 8,528.

12.42 pm: Infosys was trading 0.28 per cent down at Rs 1024.55. Read more: Reliance Securities bullish on Infosys, Ashok Leyland, here is why

12.06 pm: ICICI Bank was trading 6.12 per cent up at Rs 256.65. Sensex was down 107.57 points at 27566. Nifty was trading 36 points down at 8,547. Read more

11.34 am: Canara Bank, a leading nationalized bank, has decided to raise up to Rs 2500 crore in one or more tranches by issuing Basel-III compliant bonds. The Bank is raising this capital to maintain healthy CRAR (Capital to Risk (Weighted) Assets Ratio) during the current financial year. Shares of the bank were trading 0.30 per cent up at Rs 314.25

11.07 am: Fortis Healthcare has completed the acquisition of 51 per cent stake in Fortis Hospotel and also acquired compulsorily convertible preference shares issued by Escort Heart Institute and Research Centre. Shares of Fortis Healthcare were trading 6.84 per cent up at Rs 182.

10.56 am: Most of the Asian equity benchmarks were trading up despite investors digesting Federal Reserve Chair Janet Yellen’s comments that aggressive steps may be required to address the lingering effects of the financial crisis on the US economy. Caution over a slew of Chinese economic data due out this week saw Hong Kong markets slip, but property stocks gained thanks to a strong weekend of sales. Among the other Asian markets, South Korea, Shanghai, Indonesia, and Taiwan are in positive territory. Bucking the trend, Singapore, and Malaysia are in negative territory.

10.44 am: NIIT Technologies shares were trading 2.39 per cent down at Rs 429.20. Read more

10.18 am: Sensex was trading 41.16 points up at 27714.76. Nifty was down 2.90 points at 8580.50. SpiceJet shares were trading 2.97 per cent up at Rs 62.50. The company is planning to increase its daily flights by 10 per cent and so in the next few weeks will be adding 2 to 3 international destinations and is also planning to add about three Bombardiers and 4 to 5 aircraft they will mostly be Boeings by the end of the current fiscal. Currently, it is having a fleet of 43 aircraft operating 320 flights a day and it operates to six countries.

9.45 am: Shares of Ujaas Energy were trading 4.09 per cent up at Rs 24.20. The company has won order from Uttarakhand Renewable Energy Development Agency (UREDA) for Grid Interactive Rooftop & small Solar PV Power Plant of up to 5Kwp. The order is for design, manufacture, supply, erection, testing and commissioning of Grid Interactive Rooftop and Small Solar PV Power Plants on 364 houses with a capacity of 4 & 5 Kwp at various locations in two districts of Uttarakhand. Sensex was trading 67.74 points up at 27741.

9.23 am: In the Nifty 50 index, ICICI Bank, NTPC, Infosys, BPCL and State Bank of India were up between 0.64 per cent and 3.03 per cent. On the other hand, Kotak Mahindra Bank, Zee Entertainment, Hindalco, IndusInd Bank and Asian Paints were down between 0.72 per cent and 1.33 per cent.

9.21 am: The BSE Sensex was trading 14.02 points points up at 27687. Nifty was down 11.50 points at 8,571.

9.16 am: Petrol price on October 15 was hiked by Rs 1.34 a litre, the fifth increase in two months, and diesel by Rs 2.37 a litre on back of spike in global rates. The hike announced by oil companies is excluding state levies. Oil marketing companies, HPCL, BPCL and IOC were up by 1 percent, 0.49 per cent and 0.33 per cent, respectively.

9.15 AM: The BSE  Sensex opened 102.54 points, or 0.37 per cent, up at 27776.14, while NSE Nifty opened 29.55 points, or 0.34 per cent, up at 8,612.95.

PRE-MARKETS

The BSE Sensex and NSE Nifty are likely to open in red on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. At 8.16 am IST, SGX Nifty was trading 34 points down at 8,577.

Asian shares dipped on Monday while the dollar held firm near seven-month high against a basket of major currencies after comments from Federal Reserve Chair Janet Yellen boosted long-dated US bond yields. Hang Seng was trading down by 0.55 per cent in the morning trade, while Nikkei was up by 0.15 per cent.

Shares of DHFL and UltraTech Cement will remain in focus as they will announce their financial results for the quarter ended September 2016 today.

On Wall Street, the Dow Jones Industrial Average index closed up 39.44 points, or 0.22 per cent, at 18,138.38 on Friday. The S&P 500 index advanced 0.43 points, or 0.02 per cent, to 2,132.98 and the Nasdaq Composite added 0.83 points, or 0.02 per cent, to 5,214.16.

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