1. Sensex reclaims 28,000, zooms 521 points, Nifty settles above 8670; Adani Ports, ICICI Bank, Mastek gain

Sensex reclaims 28,000, zooms 521 points, Nifty settles above 8670; Adani Ports, ICICI Bank, Mastek gain

The BSE Sensex reclaimed the psychological level of 28,000 on Tuesday on account buying in frontline bluechip counters. The benchmark index closed 520.91 points up at 28,050.88. The Nifty 50 index settled 157.50 points higher at 8,677.90.

By: | New Delhi | Updated: October 18, 2016 3:45 PM
BSE Sensex, NSE Nifty The BSE Sensex reclaimed the psychological level of 28,000 on Tuesday on account buying in frontline bluechip counters. The benchmark index closed 520.91 points up at 28,050.88. The Nifty 50 index settled 157.50 points higher at 8,677.90.

CLOSING BELL

The BSE Sensex reclaimed the psychological level of 28,000 on Tuesday on account buying in frontline bluechip counters. The benchmark index closed 520.91 points up at 28,050.88. The Nifty 50 index settled 157.50 points higher at 8,677.90. Among the 51-components in Nifty index, 47 stocks ended the day in green with Adani Ports surging the most — 6.84 per cent, followed by ICICI Bank (up 4.06 per cent), HDFC (up 3.94 per cent), Tech Mahindra (up 3.79 per cent) and Tata Steel (up 3.68 per cent). On the other hand, Bharti Infratel, Asian Paints, ONGC and BPCL slipped 1.24 per cent, 0.67 per cent, 0.61 per cent and 0.47 per cent, respectively.

Read more: 3 reasons why BSE Sensex surged over 500 points on Tuesday

BSE Sensex, NSE Nifty

3.06 pm: Sensex soared further and was trading 510.65 points up at 28040.62. Nifty was trading 148.25 points up at 8,668.65.

3.01 pm: Punjab National Bank was trading 2.93 per cent up at Rs 140.65.

3.00 pm: Sensex was trading 459 points up at 27,989. Nifty was up 134.90 points at 8,655.

2.47 pm: Swan Energy on Tuesday said it has recieved shareholders’ approval to raise Rs 1,200 crore through issuance of equity shares or securities like Foreign Currency Convertible Bonds (FCCB). Shares of the company were trading 2.59 per cent up at Rs 103.

2.42 pm: INOX Leisure was trading 0.57 per cent up at Rs 263. Of late, the company informed bourses that it has commenced the commercial operations of one additional screen (with seating capacity of 105 seats) in the existing Multiplex Cinema Theatre, taken on Lease basis, and located at DR World, Parvat Patia, Surat in state of Gujarat with effect from October 15, 2016. With the addition of 1 more screen, the said Multiplex Cinema Theatre will now have 5 screens and 924 seats.

1.54 pm: Rashtriya Chemicals and Fertilizers (RCF) has redeemed Commercial Paper amounting Rs 200 crore on October 18, 2016 which was issued on September 21, 2016. Shares of the company were trading 0.65 per cent up at Rs 46.65.

1.43 pm: Sensex was trading 406.53 points up at 27936.50.

1.38 pm: Marksans Pharma has received approval by US Food and Drug Administration (USFDA) for an Abbreviated New Drug Application (ANDA) for Paricalcitol Capsules 1 mcg, 2 mcg and 4 mcg. Shares of the company were trading 2.44 per cent up at Rs 54.55. Sensex was trading 370.74 points up at 27900.71. Nifty was up 96.10 points at 8616.50.

1.01 pm: IPO of PNB Housing Finance is going to hit capital markets on October 25. The company has fixed a price band of Rs 750-775 per equity share for the public offer. The issue will close on October 27. Read more

12.48 pm: OM Metals Infraprojects shares jumped over 11 per cent after the company resumed construction of Residential project Palacia at A 2 Prithviraj Road near Statute Circle Jaipur in Rajasthan. The company has resumed the construction after the judgement of JDA tribunal which in its verdict ordered that all approvals and maps of the project approved by JDA are as per policies/ bye laws and within legal framework.

12.47 pm: Sensex was up 265.59 points at 27795.56. Nifty was trading 78.15 points up at 8598.

12.16 pm: ICICI Bank was trading 2.09 per cent up at Rs 263.95. Shares of the bank surged 7 per on Monday as NPA worries in the banking sector receded following the USD 13-billion asset sale by Essar Oil for paring debt.

11.44 am: Orient Paper and Industries Limited (OPIL) on Monday said that its board has approved the demerger of its consumer electric division into a new entity — Orient Electric. Shares of Orient Paper were trading 5.08 per cent down at Rs 85.10.

11.31 am: Hinduja Group flagship Ashok Leyland on Monday launched – Circuit – the first “Made in India” electric bus. The bus with minimum seating capacity of 35 to a maximum of 65 can run up to 120 kilometres on a single recharge under standard test conditions. Shares of Ashok Leyland were trading 2.76 per cent up at Rs 83.70. Sensex was trading 236.17 points up at 27766.

11.10 am: Arvind Ltd was trading 5.41 per cent up at Rs 368.15. The company will announce its financial results for the second quarter ended September 30, 2016 on October 25.

10.50 am: Consumer goods stocks too remained on buyers’ radar, on an Assocham report that riding high on an uptick in the economy and improving perception of job prospects, coupled with steady lowering of interest rates, consumer demand may soar 40 per cent in the ongoing festive season. Symphony was trading 1.61 per cent up at Rs 1148. Rajesh Exports was up 1.97 per cent at Rs 497.70.

10.20 am: Shriram EPC was trading 10 per cent up at Rs 26.30. Shriram EPC has been awarded contract of over Rs 61 crore from K.U.W.S. & D. Board (KUWSD), Bengaluru for providing water supply scheme to Robertsonpet (KGF) City under AMRUT. The company will establish reverse osmosis filters and accessories in all wards in the city, provide distribution network from water treatment plant and maintenance for five years. The project is to be executed over a period of 36 months. Sensex was trading 242.76 points up at 27772.73, while Nifty was up 73 points up at 8593.40.

9.50 am: Stock exchanges BSE and NSE will conduct special ‘Muhurat’ trading session on Diwali on October 30. The trading would be held between 6.30 pm and 7.30 pm, the stock exchanges said in separate circulars. Read more

9.31 am: In the Nifty 50 index, ICICI Bank, Adani Ports, Axis Bank, Bank of Baroda and Hindalco were up between 1.15 per cent and 2.14 per cent. On the other hand, Hero MotoCorp, Tech Mahindra, Bharti Airtel, Bharti Infratel and NTPC were down between 0.16 per cent and 0.46 per cent.

9.18 am: Sensex was trading 209.49 points up at 27,739.46. Nifty was up 41.85 points at 8,562.25.

9.15 am: The BSE Sensex opened 126.92 points, or 0.46 per cent, up at 27656.89, while NSE Nifty opened 35.65 points, or 0.42 per cent, up at 8556.05.

PRE-MARKETS

Domestic benchmark indices BSE Sensex and NSE Nifty are likely to open higher on Tuesday tracking global cues. The BSE Sensex dipped around 144 points on Monday on account of muted start of second quarterly earnings and a lacklustre global trend.

1) Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 30 points up at 8,561.50, indicating a gap-up opening for domestic equity markets.

2) Asian peers were trading higher on Tuesday thanks to a rebound in oil prices and the dollar consolidated recent gains although underlying risk appetite was cautious on concerns over capital outflows and weak data, especially from China. Hang Seng, Nikkei and Shanghai were up by 1 per cent, 0.18 per cent and 0.14 per cent, respectively.

3) US markets closed lower on Monday as lower oil prices weighed on energy shares. The Dow Jones Industrial Average index shed 0.29 per cent, to 18,086.4, the S&P 500 slipped 0.3 per cent to 2,126.5 and the Nasdaq Composite index declined 0.27 per cent, to 5,199.82.

4) Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere.

5) Results today: Can Fin Homes, Mastek, Rasoi Ltd, Havells India and Saven Technologies will announce their financial results for the quarter ended September 30, 2016 on Tuesday.

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