1. Sensex ends 377 points up, Nifty settles above 8,730; Reliance Infra, TVS Motor surge

Sensex ends 377 points up, Nifty settles above 8,730; Reliance Infra, TVS Motor surge

The BSE Sensex closed 377.33 points, or 1.35 per cent, up at 28,243.29 on the back of across the board value-based buying in bluechips.

By: | New Delhi | Updated: October 3, 2016 3:50 PM
BSE Sensex, NSE Nifty, stocks in focus The BSE Sensex surged over 300 points in morning deals and NSE Nifty reclaimed 8,700-mark on account of fresh buying ahead of the RBI policy review on Tuesday amid a firming rupee.


The BSE Sensex closed 377.33 points, or 1.35 per cent, up at 28,243.29 on the back of across the board value-based buying in bluechips. Sentiments remained upbeat since morning after India’s core sector output rose to 3.2 per cent in August on account of sharp rise in steel production and a pickup in cement, suggesting a lift in infrastructure and construction activity. Robust Asian cues and appreciation in the rupee too supported domestic equity markets on Monday. NSE Nifty settled 126.95 points, or 1.47 per cent, up at 8,738.10. In the Nifty 50-index, ZEEL, Eicher Motors, Maruti Suzuki, Hero MotoCorp and Adani Ports gained between 3.16 per cent and 5.84 per cent. On the other hand, TCS, Bharti Infratel and Bosch Ltd slipped by 0.91 per cent, 0.42 per cent and 0.25 per cent, respectively.

3.14 pm: Meanwhile, BSE Sensex surged over 400 points to a high of 28,273.02 during the day. Nifty was up 128.20 points at 8,739.35.

Read more: 5 reasons why Sensex surged over 400 points today; Midcap index hits new high

2.47 pm: Shares of Steel Strips Wheels (SSWL) were trading 5.20 per cent up at Rs 611.50. The company has reported 11 per cent growth in its total wheel rim sales to 12.08 lakh in September 2016 as compared to 10.91 lakh in September 2015. In terms of value, the company’s gross turnover was Rs 101.33 crore in September 2016, as compared to Rs 117.13 crore in September 2015, recording a fall of 13.49 per cent and achieved a net turnover of Rs 91.25 crore in September 2016 as against Rs 105.26 crore in September 2015, recording a fall of 13.31 per cent.

2.08 pm: Inox Wind shares were trading 3.50 per cent up at Rs 206.95. Read more

1.48 pm: Coal India shares jumped nearly 2 per cent after the world’s largest coal miner by output, reported provisional production of 35.24 million tonnes (mt) in September 2016, as against a target of 41.51 million tonnes. The company’s total off-take for the month of September stood at 37.74 million tones, as against a target of 42.85 million tonnes.

1.41 pm: Midcap and smallcap stocks were outpacing benchmark indices. The BSE Midcap index and Smallcap index were up by 2.03 per cent and 2.16 per cent, respectively. Sensex was trading 330.43 points up at 28196.39.

1.12 pm: Bharat Heavy Electricals Ltd (BHEL) was trading nearly 2 per cent up at Rs 137.15. The company has bagged two contracts worth Rs 430 crore for Renovation & Modernization (R&M) of Hydro Electric Plants (HEPs). The R&M order is of 6×60 MW Balimela HEP of Odisha Hydro Power Corporation (OHPC) and the 3×60 MW Bairasiul HEP of National Hydro Power Corporation (NHPC).

12.55 pm: HPL Electric & Power will make its stock market debut on Tuesday (Oct 4) after successfully completing its Rs 361-crore initial public offering last week.

12.53 pm: Emco Limited shares were trading 2.64 per cent higher after it informed bourses that it has entered into an agreement for selling its Business Unit i.e. Wind Mills situated at Sinner and Sangli in Maharashtra on a slump sale basis subject to fulfillment of conditions precedent as per agreement.

12.05 pm: Sensex was up 267 points at 28133. Nifty was up 91.75 points at 8700.65.

11.47 am: Shares of Edelweiss were trading 6.84 per cent up at Rs 121. Edelweiss Group has entered into a long-term partnership agreement with Caisse de depot et placement du Quebec (CDPQ), one of North America’s largest pension fund managers. The agreement includes target investments by CDPQ of Rs 5000 crore over four years that will provide Edelweiss Group with capital to invest in stressed assets and private debt opportunities in India. Read more

11.11 am: Mahindra & Mahindra (M&M) was trading 2.87 per cent up at Rs 1446.25. The company has reported its auto sales numbers for the month of September 2016, which stood at 46,130 units as against 42,848 units during September 2015, representing a growth of 8 per cent.

Technical Calls: Buy Mahindra & Mahindra Financial Services, Godrej Consumer Products, Tata Motors

11.00 am: Hero MotoCorp was trading 3 per cent up at Rs 3518. The company on Monday informed bourses that it has conducted raids, along with Delhi Police, on the manufacturers and traders of spurious parts in New Delhi. Sensex was trading 330.74 points up at 28196. Nifty was up 108.05 points at 8,719.

Read more: Auto stocks hog limelight on strong September sales figures; Maruti Suzuki hits new all-time high

10.38 am: Asian peers were trading higher as worries about Deutsche Bank eased following media reports that the German lender’s hefty US fine could be reduced by more than half. Meanwhile, crude oil futures declined in Asian trades after rising on Friday.

10.14 am: Tata Motors were trading nearly 2 per cent up at Rs 544.30. The company’s passenger and commercial vehicle sales (including exports) in September 2016 were at 48,648 vehicles, a growth of 8 per cent, over 45,215 vehicles sold in September 2015. The company’s domestic sales of commercial and passenger vehicles for September 2016 were at 42,961 units, a growth of 5 per cent, over September 2015. Sensex was trading 257.99 points up at 28,123. Nifty was up 85.90 points at 8,697.

9.53 am: Indian rupee was trading nearly 11 paise up at 66.50. Sensex was trading 249 points up at 28115.  Nifty was up 89.40 points at 8,700.55. Read more

9.36 am: Shares of SML Isuzu were trading nearly 2 per cent down after it posted 5.3 per cent decline in September sales. It sold 977 vehicles during September 2016 against 1,032 vehicles sold in September 2015.

9.29 am: Sensex was trading 122 points up at 27988. Nifty was up 39.85 points at 8,651. Mutual Funds have invested over Rs 13,500 crore in equity markets in the first nine months of the year due to strong participation from retail investors.

9.27 am: Jubilant Life Sciences shares were trading 8.74 per cent up at Rs 668.35. The company has received USFDA Approval For Ruby-Fill- Rubidium 82 generator and elution system.

9.15 am: The BSE Sensex opened 131.33 points, or 0.47 per cent, up at 27997.29. Nifty opened 55 points, or 0.64 per cent, up at 8666.15.


The BSE Sensex and NSE Nifty are likely to open on a flat note with positive bias on Monday tracking SGX Nifty and firm Asian cues. At 8.05 am (IST), SGX Nifty was up 9.50 points at 8660.50.

Asian peers Hang Seng, Nikkei and Shanghai were trading higher by 1.40 per cent, 1.19 per cent and 0.21 per cent, respectively, in the morning trade. On Wall Street, The Dow Jones Industrial Average index jumped 164.70 points, or 0.91 per cent, to 18,308.15 on Friday. The Standard & Poor’s 500 index gained 17.14 points, or 0.8 per cent, to 2,168.27. The Nasdaq Composite increased by 42.85 points, or 0.8 per cent, to 5,312.

Shares of Maruti Suzuki and Tata Motors will remain in focus on Monday. Carmaker Maruti Suzuki India reported a 31.1 per cent growth in its passenger vehicle sales in September at 1,49,143 units, riding on its highest-ever domestic sales.

Tata Motors registered an 8 per cent increase in total sales at 48,648 units in September. It had sold 45,215 units in the same month last year.

Supported by sound progress in rollout of GST, better corporate earnings coupled with US Fed’s decision not to lift interest rates, foreign investors poured more than Rs 20,000 crore into the domestic capital market in the month of September. Net investment by FPIs in the country stood at Rs 10,443 crore in equities last month, while the same for debt was Rs 9,789 crore, taking the total inflow to Rs 20,233 crore, making it the highest net inflow in 11 months and the third consecutive month of positive inflows.

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