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Sensex wipes off some gains, closes 186 points up in choppy trade, Nifty settles below 8,780; ITC, Hero MotoCorp gain

The BSE Sensex closed 186.14 points up at 28599.03, while Nifty 50 index settled 37.30 points up at 8779.85.

By: | New Delhi | Updated: September 16, 2016 3:36 PM
BSE Sensex NSE Nifty The BSE Sensex closed 186.14 points up at 28599.03, while Nifty 50 index settled 37.30 points up at 8779.85.

CLOSING BELL

The BSE Sensex closed 186.14 points up at 28599.03, while Nifty 50 index settled 37.30 points up at 8779.85. In the early trade, the 30-share index surged over 350 points and Nifty recaptures 8,800 mark on account of upbeat global cues. Traders took encouragement with report that Prime Minister Narendra Modi targeting to roll out the ambitious GST on April 1 next year, has directed that all steps required in this direction should be completed before that date. He has also said that GST Council would need to have intensive meetings to be able to make timely recommendations relating to its mandate.

3.18 pm: IT major Infosys informed bourses that the company has fixed October 24 as the record date for the purpose of payment of interim dividend. Shares of the company were trading 1.99 per cent up at Rs 1062.10 in the late afternoon trade.

3.06 pm: Midcap and smallcap stock were underperforming benchmark index. The BSE Midcap and BSE Smallcap index were down by 0.42 per cent and 0.10 per cent, whereas BSE Sensex was up 0.57 per cent in the last afternoon trade.

2.39 pm: GNA Axles IPO was subscribed 6.21 per cent on the last day of offer till 2.15 pm. Read more

1.51 pm: European shares edged lower in early trading on Friday and headed for their second straight week of losses. Benchmark Sensex pared some of its gains in the afternoon trade and was trading 177.68 points up at 28590. Nifty was up 38.70 points at 8781.25.

1.22 pm: Wockhardt shares were trading 9.21 per cent up at Rs 916.80. Read more

12.50 pm: Den Network was trading 6.96 per cent up at Rs 77.60. Sensex was up 335.72 points up at 28748. Nifty was up 93.50 points at 8,836.

12.05 pm: Tata Metaliks was trading 0.83 per cent up at Rs 423.10. The company has signed a memorandum of understanding (MoU) with the Paschim Banga Society to set up a skill development centre in Paschim Midnapore. As per the MoU, the skill development centre will train 1,000-1,200 youth annually through a reputed National Skill Development Corporation-approved training partner in vocational courses. The initial focus will be on plumbing, electrician, carpentry, beauty & wellness, hospitality and security courses.

11.13 am: Meanwhile United Breweries (Holdings) shares hit upper circuit. The scrip jumped 19.97 per cent to Rs 36.95. Read more: United Breweries (Holdings) volumes spurt by 10 times in today’s trade, shares hit upper circuit 

11.10 am: Sensex was trading 328 points up at 28741. Read more: 5 reasons why BSE Sensex surged over 300 points in early trade

10.43 am: The 30-share index advanced further and was trading 354.67 points, or 1.25 per cent, up at 28767.56. Nifty was up 102.40 points at 8844.95.

9.52 am: Shares of oil marketing companies were trading higher after they revised fuel prices. Read more

Sensex was trading 301.49 points up at 28714.38, while Nifty was up 84.75 points at 8827.30.

9.43 am: Sensex was trading 312.92 points up at 28725.81, while Nifty was up 92.35 points at 8,834.90.

9.25 am: Benchmark BSE Sensex advanced further and was trading 252.46 points, or 0.89 per cent, up at 28665.35. Nifty was trading 66.60 points up at 8809.15. In the 50-share index, BHEL, ZEEL, Reliance Industries, Maruti Suzuki and ITC were up between 1.58 per cent and 2.71 per cent. On the other hand, YES Bank, Power Grid, Tata Steel, Axis Bank and Bajaj Auto were down between 1.40 per cent and 2.32 per cent.

9.20 am: Sensex was trading 201.65 points up at 28,614.54, while NSE Nifty was trading 55.90 points up at 8,798.45. Indian rupee was trading nearly 16 paise up at 66.87 against dollar.

9.17 am: Sensex was trading 185.06 points up at 28597.95. Nifty was up 47.70 points at 8,790.25.

9.15 am: Sensex opened 107.41 points up at 28520.30, while Nifty opened 38.30 points up at 8780.85. Rupee was trading around 16 paise up at 66.87 against dollar in the opening trade.

PRE-MARKETS

Benchmark indices BSE Sensex and NSE Nifty are likely to open higher on Friday on account of firm global cues. At 8.36 am (IST), SGX Nifty was trading 39 points, or 0.44 per cent, up at 8816.50, indicating a positive start of domestic markets. Equity market on Thursday witnessed volatility during the trade, however, it managed to closed the session with marginal gains. The BSE Sensex on Thursday settled 40.66 points up at 28412.89, while Nifty closed 15.95 points up at 8,742.55.

Top gainers in the F&O segment were TV18 Broadcast, Sun TV Network and Dish TV India. On the other hand, the top losers were BEML, PC Jeweller and Ashok Leyland. In the index options segment, maximum open interest was seen in the 8700-9000 calls and 8500-8800 puts.

On Friday, shares of oil marketing companies such as BPCL, IOC and HPCL will remain in focus after petrol price was increased by 58 paise per litre while diesel rate was cut by 31 paise per litre in line with international trends.

Murugappa Group company Tube Investments of India will also remain in focus as it has entered into a joint venture with Absolute Speciality Foods to expand its bicycle cafes across the country.

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