1. Banking stocks help Sensex end 293 points up, Nifty settles above 8,670; SBI, Bank of India surge

Banking stocks help Sensex end 293 points up, Nifty settles above 8,670; SBI, Bank of India surge

Sensex closed 292.80 points up at 28152.40, while Nifty settled 80 points up at 8672.15.

By: | New Delhi | Updated: August 12, 2016 3:39 PM
BSE Sensex NSE Nifty Sensex closed 292.80 points up at 28152.40, while Nifty settled 80 points up at 8672.15. (Photo: PTI)

CLOSING BELL

The BSE Sensex and NSE Nifty ended higher on Friday following better-than-expected Q1 results from public sector lenders like State Bank of India and Bank of India amid firm global cues. Sensex closed 292.80 points up at 28152.40, while Nifty settled 80 points up at 8672.15. Among the 30 components in the BSE Sensex, 8 ended the day in red. State Bank of India soared the most — 7.29 per cent, followed by Axis Bank (up 3.75 per cent), Tata Motors (up 2.48 per cent) and Power Grid (up 2.36 per cent). On the other hand, Cipla and Infosys slipped by 1.77 per cent and 1.40 per cent, respectively.

3.06 pm: Sun Pharma reported 265.84 per cent rise in net profit at Rs 2033.71 crore for the quarter ended June 30, 2016 against Rs 555.90 crore in the same quarter last year. Shares of the company were trading flat 0.04 per cent down at 808.60.

2.49 pm: Meanwhile, the Supreme Court lifted a ban on registration of diesel cars in Delhi NCR. Reacting on the news, shares of Mahindra & Mahindra were trading 2.54 per cent up at Rs 1456.80. Maruti Suzuki was up by 0.90 per cent at Rs 4,927. Registration of vehicle is permitted on payment of 1 per cent cess by car makers.

Read more: 5 reasons why Sensex surged over 300 points intraday on Friday

2.41 pm: In the 50-share index, State Bank of India (SBI), Axis Bank, Tata Motors, Hindalco and YES Bank were up between 2.56 per cent and 7.25 per cent. On the other hand, BPCL, Idea Cellular, Bosch, Asian Paint and Cipla were down between 1.51 per cent and 2.83 per cent.

1.58 pm: Hindalco was trading over 3 per cent higher after the company posted nearly 5-fold rise in net profit at Rs 294.07 crore for the quarter ended June 30, 2016 against Rs 61.10 crore in the same period last year. Sensex was up

1.25 pm: BSE Sensex jumped 301.83 points after the State Bank of India boosted market sentiments.

1.01 pm: Bank of India shares were trading over 9 per cent up post Q1 results. Sensex was up 271 points at 28130. Nifty was trading 70.10 points up at 8,662.

12.49 pm: State Bank of India shares soared over 9 per cent after the bank reported better-than-estimated net profit of Rs 2520.96 crore for the quarter ended June 30, 2016. It had reported a net profit of Rs 3,692.43 crore in the corresponding quarter a year ago.

12.10 pm: Glenmark Pharma reported a 53.23 per cent increase in its net profit at Rs 518.81 crore for first quarter ended June 30, 2016 as compared to Rs 338.57 crore for the same quarter in the previous year. Shares of the company were trading 3.45 per cent up at Rs 864. 

11.36 am: Shares of power companies hogged limelight in Friday’s trade after the government said that there is no shortage of coal in India and coal stock for 23 days is available with thermal power stations. Reacting on the news, shares of NTPC, Power Grid and Tata Power were trading higher 0.44 per cent, 0.63 per cent and 1.48 per cent, respectively, in morning trade.

11.25 am: Meanwhile, SP Apparels shares listed at a premium of 13.81 per cent on BSE at Rs 305 against the issue price of Rs 268. Sensex was trading 281 points up at 28,141.

10.50 am: Meanwhile, Indian currency recovered by 2 paise to 66.83 against the US dollar in early trade on Friday.

10.38 am: VA Tech Wabag registered 4.98 per cent fall in its net profit at Rs 17.49 crore for the quarter ended June 30, 2016 against Rs 16.66 crore in the same quarter a year ago. Total income of the company increased by 1.47 per cent at Rs 260.22 crore for quarter under review as compared to Rs 256.45 crore for the quarter ended June 30, 2015. Shares of the company were trading 0.88 per cent up at Rs 589.45.

10.05 am: Shares of SP Apparels will list on BSE and NSE today. The issue was opened for subscription from August 2 to August 4 and oversubscribed by 2.66 times.

9.45 am: Grasim Industries was trading 3.11 per cent down at Rs 4397. However, Sensex was up by 284 points at 28144, while Nifty was trading 74.15 points up at 8,666.30. Read more

9.18 am: The 30-share index advanced further and was trading 173.45 points up at 28033. Nifty was trading 38.95 points up at 8,631. Shares of Aditya Birla Nuvo were trading 19.33 per cent down at Rs 1,263.

9.15 am: Benchmark Sensex opened 60.35 points up at 27919.95, while Nifty 50 index opened 13.30 points up at 8605.45.

PRE-OPENING

The BSE Sensex and NSE Nifty are likely to open on flat note with positive bias tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues. At 8.00 am (IST), SGX Nifty was up 4 points, or 0.05 per cent, at 8, 621. Asian peers, Hang Seng, Nikkei and Shanghai were trading higher by 0.58 per cent, 0.76 per cent and 0.20 per cent, respectively.

The 30-share index Sensex closed 84.72 points higher on Thursday on account of buying in select blue-chip counters amid mixed global cues. Nifty settled 16.85 points up at 8,592.15.

Shares of Grasim Industries and Aditya Birla Nuvo will remain in focus on Friday. Grasim Industries on Thursday registered a 63.55 per cent rise in consolidated net profit to Rs 830.22 crore for the quarter ended June 30, 2016 against Rs 507.60 crore in the same quarter last year. Aditya Birla Nuvo posted 56.79 per cent fall in consolidated net profit to Rs 305.15 crore in the first quarter ended on June 30, 2016. against Rs 706.23 crore in the same quarter last year.

  1. No Comments.

Go to Top