1. Markets end flat; Sensex up by 50 points to 27887, Nifty ends marginally in red

Markets end flat; Sensex up by 50 points to 27887, Nifty ends marginally in red

The stock market stayed weak the for third straight session as the benchmark Sensex fell nearly 104 points and the NSE Nifty broke below the 8600-mark today, with participants liquidating bets in view of October derivatives expiry.

By: | Updated: October 27, 2016 3:46 PM
bse sensex, nse nifty Benchmark indices BSE Sensex and NSE Nifty ended in red on Wednesday on account of selling in front line blue chip counters.

Benchmark indices BSE Sensex and NSE Nifty ended on a flat note on Thursday. Sensex closed 79.39 points, or 0.29 per cent up at 27,915.90, while Nifty settled 3.05 points, or 0.04 per cent, down at 8615.25. In the 50-share index, ITC, Sun Pharma, TCS and ONGC were gainers; while, Tata Steel, Hero Motocorp, Asian Paints, Wipro and Tata Motors were among top losers.

03.28 pm: BSE Sensex ends in green at 27,887.45 by 0.29%, while NSE Nifty down by 0.03% at 8,612.95.

03.00 pm: Sensex up by 87 points at 27,923.59. Nifty trading at 8,614.70

01.52 pm: ONGC has posted a net profit of Rs. 4974.92 crore for the quarter ended September 30, 2016 as compared to Rs. 4681.39 crore for the quarter ended September 30, 2015. Total Income has decreased from Rs 21698.54 million for the quarter ended September 30, 2015 to Rs. 19578.65 million for the quarter ended September 30, 2016.

The company has approved Interim Dividend of Rs. 4.50 per equity share of Rs 5 each, for the Financial Year 2016-17, along with a bonus of 1 equity share of Rs 5 each for every 2 shares held.

01.10 pm: Maruti Suzuki Q2 net profit at Rs 2,390 crore, up 60% versus Rs 1,490 crore YoY. During the quarter, the company registered net sales of Rs 175,946 milluion, up over 29.5% over the previous year.

12.30 pm: In a clarification issued by the Indian Hotels Company Limited, it states that the financial statements of the company are prepared on a going concern basis and present a true and fair view of the state of affairs of the company. As part of th preparation of financial statements, the value-in-use of the assets of the company is tested for impairment as per the Accounting Standards.

11.57 am: BSE Sensex cracks by 150 points, trading at 27,686.86. Nifty lower by 0.66% at 8,558.50

11.33 am: Sensex trades 129 points down at 27,706.83 while Nifty is down by 0.62% at 8,561.65

10.41 am: BSE Sensex was down by 105 points at 27,730.81. Nifty was down by 45 points at 8,569

10.17 am: Sensex slips by 107 points to 27,729.24. While Nifty trades 0.48%  lower at 8,573.75

10.10 am: The Indian rupee lay low for the second session as it weakened 10 paise to 66.93 against the dollar today as the latter rose overseas amid a lower opening in domestic stocks. Sustained demand for the American currency from importers was also at work.

09.55 am: Financial statements are considered by our Audit committee and board of directors of the company. Accordingly the company has currently nothing further to comment or disclose with respect to matters appearing in news reports, says Tata Steel.

09.48 am: Issued clarification on news reports that outgoing Tata chief says group faces $18 billion in write-downs. Tata Steel is listed entity and prepares financial statements according to provisions of Companies Act 2012 and SEBI regulations.

09.32 am: Tata groups company shares remained under pressure in early trade with Indian Hotels sliding over 10 per cent on BSE at Rs 108.35 down Rs 13.05 at 9.27 AM. Tata Global was trading 5.74 lower at Rs 137. Tata Chemicals was down 3.84 per cent at Rs 528.40 while Tata Motors was trading 3.3 per cent down at Rs 512. Tata group companies have seen selling pressure ever since the removal of its Chairman Cyrus Mistry three days ago.

09.26 am: BSE Sensex trades 100 points lower at 27,731.11 while Nifty was down by 40 points at 8,574.85

09.16 am: Sensex was down by 75 points at 27,760.7, while Nifty was trading lower by 0.30% or 25.60 points at 8,589.65 in  early trade. ITC, Asian Paints, Sun Pharma and Hero MotoCorp are gainers while Tata Motors, Tata Steel, ICICI Bank, TCS and HUL are losers in the Sensex.

OPENING BELL

BSE Sensex opens in red, down by 27.88 points at 27,808.63. NSE opens at 8,607.10. Tata Group shares continue to remain under pressure.

PRE-MARKETS

Domestic equity markets are likely to open in red on Thursday tracking SGX Nifty and global cues. At 07.50 am, SGX Nifty was trading 25 points, or 0.29 per cent, down at 8590. Asian shares edged down on Thursday after disappointing earnings from technology giant Apple dragged on Wall Street, while the dollar remained shy of this week’s nearly nine-month highs. The Dow Jones industrial average rose 30.06 points, or 0.17 percent, to 18,199.33, the S&P 500 lost 3.73 points, or 0.17 percent, to 2,139.43 and the Nasdaq Composite dropped 33.13 points, or 0.63 percent, to 5,250.27.

Benchmark indices BSE Sensex and NSE Nifty ended in red on Wednesday on account of selling in front line blue chip counters. Sensex closed 254.91 points, or 0.91 per cent down at 27836.51, while Nifty settled 76.05 points, or 0.88 per cent, down at 8615.25.

On Wednesday, HDFC reported a 16 per cent increase in its consolidated net profit to Rs 2,446.21 crore for the second quarter ended September, while FMCG major Hindustan Unilever Ltd (HUL) reported an 11.54 per cent increase in standalone net profit at Rs 1,095.6 crore for the second quarter ended September.

Also, Hero MotoCorp Ltd has posted a net profit of Rs 1,004 crore for the quarter ended September 30, 2016 as compared to Rs 786 crore for the quarter ended September 30, 2015.

 

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