The BSE Sensex and NSE Nifty remained dull throughout the day and closed with marginal gains on Friday in the absence of any major triggers. Sensex settled 43.36 points up at 26,160.90, while Nifty 50 index closed 16.85 points up at 7,963.20.
Some support came with report that India’ s fiscal deficit for the first eight months of the current financial year narrowed compared to the same period a year ago, led by encouraging tax and non-tax collections, despite high capital spending by the government to boost the economic growth. The country’s fiscal deficit for April- November 2015-16 stood Rs 4.83 lakh crore, or 87 per cent of the Budget Estimate (BE) for the whole 2015-16.
In the 50-share index, Bosch, Tata Motors, Adani Ports, Vedanta and Punjab National Bank gained between 1.55 per cent and 3.03 per cent. On the other hand, GAIL, HCL Tech, NTPC, Tata Steel and ZEEL slid between 0.95 per cent and 1.70 per cent.
Traders were seen piling position in realty, capital goods and auto stocks, while selling was witnessed in IT and TECK sector stocks.
Shares of aviation companies like Jet Airways (India), SpiceJet and Interglobe Aviation flied higher and hit their fresh 52-week highs on back of cut in Aviation Turbine Fuel (ATF) prices. Shares of Global Vectra Helicorp surged nearly 10 per cent and hit upper cicuit at Rs 120.90.
Stocks related to Oil & gas and power counters remained in action after Qatar nearly halved the price of gas it sells under a 25-year contract and waived a payment liability of Rs 12,000 crore arising from India’s refusal to import the committed number of shipments in 2015.
Eicher Motors and Maruti Suzuki rose nearly 3 per cent and 0.45 per cent after releasing December sales figures.
IDBI Bank gained 1.18 percent after the lender got government approval for raising Rs 3,771 crore ($569.6 million) in capital.
Markets through the day
3.30 pm: Sensex settled 43.36 points up at 26,160.90, while Nifty 50 index closed 16.85 points up at 7,963.20.
3.13 pm: Shares of Majesco were trading over 13 per cent up at Rs 727 in the late afternoon trade. Sensex was up 57 points at 26,175.
2.58 pm: Om Metals Infraprojects informed BSE that it has received a Hydro mechanical works contract worth Rs 105.91 crores from Uttarakhand Jal Vidyut Nigam. Shares of Om Metals were trading 4.80 per cent up at Rs 55.65.
2.56 pm: GPT Infra was trading 11.40 per cent up at Rs 260 in the afternoon trade. Sensex was up 41.70 points at 26,159.
2.38 pm: Barring IT and TECK index on BSE, rest all other sectoral indices were trading in green. Sensex was up 75 points at 26,193. Nifty was up 20.80 points at 7,967.
1.52 pm: Atul Auto shares gained over 3 per cent after the company reported 8.01 per cent growth in sales for the month of December 2015 at 4,005 units as compared to 3,708 units sold in December 2014. The company’s total sales from April to December this year rose by 6.49 per cent and stood at 33,372 units as compared to 31,338 units in the same period last year. Sensex was up 37.47 points at 26155.
1.22 pm: The market breadth on BSE was positive, out of 2,710 stocks traded, 1,812 stocks advanced, while 771 stocks declined on the BSE. Sensex was down 63.22 points at 26,054.
1.05 pm: Petronet LNG stocks were trading 1.61 per cent up at Rs 258.95 after it said that it will buy liquefied natural gas (LNG) from Qatar’s Rasgas at virtually half the original cost, the government said in a statement on Thursday during market hours. Sensex was trading 30.21 points down at 26,087.33. NSE Nifty was trading 10.40 points down at 7,935.95.
12.45 pm: Shares of Viceroy Hotels were trading 14.63 per cent at Rs 23.50. Sensex was trading 29.78 points down at 26,087.76. NSE Nifty was trading 12.10 points at 7,934.25.
12.13 pm: Stocks of aviation companies likel Jet Airways, InterGlobe Aviation and SpiceJet were trading higher after reports that oil marketing companies reduced aviation turbine fuel (ATF) by 10 per cent. Jet Airways, Spicejet and InterGlobe Aviation were trading 7.77 per cent, 11.50 per cent and 11.20 per cent up at Rs 757, Rs 83.90 and Rs 1372.25, respectively. Sensex was trading 6.55 points up at 26,124.09. NSE Nifty was trading 0.65 points down at 7,945.70.
11.45 am: IDBI Bank share price was trading 1.29 per cent at Rs 90.05 after the government gave its approval to the bank to raise Rs 3,771 crore during the year, by way of Qualified Institutional Placement (QIP), a move which will dilute its holding in the state-owned lender. Sensex was trading 9.64 poinst down at 26,107.90. NIfty was trading 5.35 points down at 7,941.
11.24 am: Stocks of Maruti Suzuki were trading 0.83 per cent up at Rs 4653.50 after the auto major reported a 8.5 per cent growth YoY at 1,19,149 units in Dec 2015. Its exports were down 33 per cent. Sensex was trading 2.95 points down at 26,111.77 in a listless trading. Nifty was down 2.95 points at 7,943.40.
10.57 am: In the 50-share index, Tata Motors, BHEL, Bosch, Coal India and Adani Ports were trading up between 0.75 per cent and 1.50 per cent. On the other hand, Tata Steel, Sun Pharma, NTPC, ICICI Bank and Kotak Mahindra Bank were down between 0.65 per cent and 1.20 per cent. Nifty was up 1.50 points at 7,947.85.
10.38 am: Avanti Feeds has invested Rs 84.60 crore in the equity share capital of Avanti Frozen Foods and the shares were allotted to the company on December 31, 2015. The company has invested in share capital pursuant to subscription of rights issue of Avanti Frozen Foods. Shares of Avanti Feeds were trading 2.23 per cent down at Rs 430.50.
At 52-week high: Jet Airways and Reliance Infra shares hit their fresh 52-week high of Rs 742 and Rs 562.80, respectively.
10.27 am: Torrent Power is planning to raise debt with option for lenders to convert that loan or financial assistance into equity upon occurrence of certain conditions. In this regard, the company’s shareholders approved the special resolution for availing of the financial assistance (loans or debt) having an option available to the lenders for conversion of such financial assistance into equity shares of the company upon occurrence of certain events. Shares of Torrent Power were trading 1.18 per cent at Rs 176. Sensex was marginally down 15 points at 26,101.
10.13 am: Petrol price was cut by 63 paise per litre and diesel by Rs 1.06 a litre, the reduction was due to softening in global oil rates. Oil marketing companies IOC, BPCL and HPCL were trading higher by 0.51 per cent, 0.54 per cent and 1.26 per cent.
10.07 am: Mortgage lender HDFC on Thursday said it has recorded 50 per cent decline in profit on sale of investment to Rs 57 crore for the quarter ended December. Shares of HDFC were trading 0.57 per cent down at Rs 1,255.50.
9.40 am: Indian Oil Corporation (IOC) has entered into a binding Gas Sale and Purchase Agreement (GSPA) with Petronet LNG for supply of an additional quantity of 0.3 MMTPA of RLNG with effect from January, 2016. This is in addition to the existing long term GSPA of 2.25 MMTPA, which was executed in September, 2003. The terms of existing agreement have also been amended to adjust some aspects, which will protect and preserve the overall value of the contract. Shares of IOC were trading 0.55 per cent up at Rs 431.
9.38 am: Cadila Healthcare was trading 2.26 per cent up at Rs 335.20. Cadila Healthcare on Thursday received a warning letter from the US Food and Drug Administration (US FDA) for its two facilities in Gujarat.
9.37 am: The rupee depreciated by five paise to trade at 66.20 against the US dollar on the first trading day of 2016 due to fresh buying of the American currency by banks and importers.
9.36 am: Stocks of technology, metal, power, healthcare and banking sectors were leading the fall in early trade. ONGC, Sun Pharma, NTPC, ICICI Bank, Infosys, GAIL, Tata Steel, Bharti Airtel, Bajaj Auto, Coal India, Hero MotoCorp and Wipro fell up to 1.53 per cent.
9.17 am: Sensex was down 51 points at 26,066. Telecom major Bharti Airtel on Thursday said it has acquired the balance 26 per cent stake in Augere Wireless, which holds 4G spectrum in Madhya Pradesh, making it a wholly-owned subsidiary of the company. Shares of Bharti Airtel were trading 0.40 per cent down at Rs 338.
9.15 am: Sensex opened 16.04 points down 26,101.50. Nifty opened 7.90 points down at 7,938.45. KEC International gained over 4 per cent in the opening trade after it informed BSE that it has secured new orders of Rs 1,001 crore in its Transmission and Distribution, cables and solar business.
8.33 am: The BSE Sensex and NSE Nifty are likely to open on a negative note on the first day of 2016 tracking SGX Nifty.
At 8.17 am, SGX Nifty was down 28 points, or 0.35 per cent, at 7,920.
In choppy trade, the 30-share BSE index Sensex gained 157.51 points, or 0.61 per cent, on Thursay to close at 26,117.54. On December 31, 2014, the Sensex had closed at 27,499.42.
The broad-based NSE Nifty rose 50.10 points, or 0.63 per cent, on Thursday to end at 7,946.35 points. On yearly basis, Nifty dropped 336.35 points, or 4.06 per cent — also its first annual drop since 2011.
The FIIs as per Thursday’s data were net sellers in equity segment, while they were net buyers in debt segment, according to data released by the NSDL.
In equity segment, the gross buying was of Rs 2,093.56 crore against gross sell of 2,111.39 crore. Thus, FIIs stood as net sellers of Rs 17.83 crore in equities.
In the debt segment, the gross purchase was of Rs 845.24 crore with gross sales of Rs 376.06 crore. Thus, FIIs stood as net buyers of Rs 469.18 crore in debt.