1. Sensex ends flat, Nifty settles above 8,710; Aban Offshore, Gol Offshore surge over 10%

Sensex ends flat, Nifty settles above 8,710; Aban Offshore, Gol Offshore surge over 10%

The BSE Sensex closed 21.20 points up at 28,082.34, while NSE Nifty settled 16.95 points up at 2714.55.

By: | New Delhi | Updated: October 10, 2016 3:46 PM
BSE Sensex, NSE Nifty The BSE Sensex closed 21.20 points up at 28,082.34, while NSE Nifty settled 16.95 points up at 2714.55. (Photo: Reuters)

CLOSING BELL

The BSE Sensex closed 21.20 points up at 28,082.34, while NSE Nifty settled 16.95 points up at 2714.55. In the Nifty 50 index, Tata Steel, ACC, Asian Paints, Cipla and Hindalco gained between 1.92 per cent and 3.15 per cent. On the other hand, Bharti Airtel, Reliance Industries, Adani Ports, NTPC and BPCL slipped between 0.96 per cent and 1.23 per cent. Shares of oil drilling companies ended higher on Monday with Aban Offshore and Gol Offshore surging 13.50 per cent and 12.06 per cent at Rs 252.65 and Rs 34.85, respectively.

2.55 pm: ACC has successfully stabilized operations of the new Cement Grinding Unit in Jamul which went into commercial production from September 14, 2016, following the completion and commencement of commercial production of the new clinkering line at Jamul in Chhattisgarh in July 2016. The cement dispatched from this new grinding unit has been well-accepted in the market. Shares of the company were trading 2.61 per cent up at Rs 1668.55. Sensex was up 33.98 points at 28095.12.

Read more: Real estate stocks may provide opportunity to buy at bargain prices

1.44 pm: Reliance Communications is reportedly in advanced talks with Brookfield, the world’s 2nd biggest manager of alternative assets like real estate and private equity from Canada, to complete the sale of its tower arm. The deal is likely to be completed by this week. Shares of Reliance Communication were trading 0.11 per cent up at Rs 47.45.

1.18 pm: Cairn India shares were trading 1.81 per cent up at Rs 227.25. Read more

12.43 pm: Advanced Enzyme Technologies was trading 7.30 per cent up at Rs 1934.90. Sensex was up 63.60 points, or 0.23 per cent, up at 28,124.74.

12.01 pm: Sensex was up 68.96 points, or 0.25 per cent, at 28130.10. Nifty was up 26.55 points at 8724.15. JSW Steel has reported highest ever quarterly crude steel production of 3.98 million ton (MT) for Q2FY17 with a growth of 22 per cent over the corresponding quarter (Q2FY16). The production of rolled products (long) increased to 0.79 MT compared to 0.64 MT in Q2FY16, representing a growth of 24 per cent. The production of rolled products (flat) during the quarter increased to 2.86 MT as compared to Q2FY16 of 2.57 MT, a rise of 12 per cent. The scrip was trading 1.99 per cent up at Rs 1,810.

11.29 am: Shiva Cement was trading 11.83 per cent up at Rs 8.70. Read more

11.11 am: Reliance Communications on Friday said Bombay High Court has approved its deal to acquire Russian conglomerate Sistema’s Indian telecom unit, Sistema Shyam Teleservices, that operates under the MTS brand. Shares of the company were trading 0.63 per cent up at Rs 47.70. Sensex was trading 76.80 points up at 28,137.94.

10.44 am: Asian peers were mostly trading in red as traders watched the second US presidential debate between Hillary Clinton and Donald Trump with Japanese, Taiwan and Hong Kong markets closed for holidays. Meanwhile, weaker than expected US jobs data released on Friday is seen by analysts as indicating that a rate hike at the Federal Reserve’s December meeting remains on the table. Straits Times was down 7.35 points or 0.26 per cent at 2,867.71, KOSPI Index was down 1.48 points or 0.07 per cent at 2,052.27 and Jakarta Composite index was down by 4.46 points, 0.08 per cent, at 5,372.69.

10.35 am: Meanwhile, Motilal Oswal Financial Services and Tata Steel hit their fresh 52-week high of Rs 551.80 and Rs 418, respectively. Sensex was up 56.47 points at 28117.61. Nifty was trading 22.60 points up at 8720.20.

10.05 am: Sensex was trading 50 points up at 28111.96. Nifty was up 20.15 points at 8,717.75. In the Nifty 50 index, Hindalco, Tata Steel, ACC, Ambuja Cement and Asian Paints were up between 1.37 per cent and 2.51 per cent. On the other hand, HDFC, BPCL, Bharti Airtel, Bosch and Aurobindo Pharma were down between 0.36 per cent and 0.97 per cent.

10.02 am: Tata Steel was trading 2.33 per cent up at Rs 415.85. The company is believed to be edging closer to striking a new deal over the 15-billion-pound pension pot that stands in the way of an agreement over of its UK steelworks, according to reports.

9.50 am: Indian repee was trading 11 paise up at 66.57 against the US dollar. Read more. Sensex was up 68.07 points at 28121. Nifty was trading 25.40 points up at 8,723.

9.20 am: Meanwhile, Sensex surged over 150 points to 28216. Nifty was trading 40.15 points up at 8,737. A2Z Infra shares were trading 5.08 per cent up at Rs 38.30. Read more

9.15 am: The BSE Sensex opened 83.14 points, or 0.30 per cent, higher at 28144.28, while NSE Nifty opened 37.75 points, or 0.43 per cent, up at 8735.35.

PRE-MARKETS

Domestic equity markets are likely to open higher on Monday tracking global cues. Benchmark BSE Senex ended the last week with gains by 195.18 points at 28,061.14, while broader Nifty advanced 86.45 points to finish at 8,697.60. The combined market valuation of six of the top 10 Indian companies advanced by Rs 30,968 crore last week, with ONGC and RIL leading the pack.

Below are 5 things you should know before market opens on Monday:

1) Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 30 points up at 8,744, indicating a positive start of domestic equity markets.

2) Asian shares were trading higher on Monday as markets widened the odds of a victory by Republican nominee Donald Trump in his US presidential bid as a second debate with Democrat Hillary Clinton got under way.

3) On Wall Street, the Dow Jones Industrial Average index dipped 28.01 points to 18,240.49 on Friday after lower-than-expected September jobs report had little effect on the prospects of an interest rate hike by the year end. The Standard & Poor’s 500 index lost 7.03 points to 2,153.74. The Nasdaq Composite declined 14.45 points to 5,292.40.

4) Oil prices slipped more than 1 per cent in early trading on Monday over doubts that an OPEC-led plan to cut output to rein in a global fuel supply overhang would be supported by other producers, including Russia.

5) Stocks of Reliance Industries will remain in focus on Monday after Reliance Jio on Sunday claimed that it has created “a world record” by crossing the 16 million subscriber mark in its first month of operations — September.

Gruh Finance will also remain in focus as the company will announce its financial results for the second quarter ended September 30, 2016 on Monday.

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