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Sensex snaps 4-day gaining streak, ends 111 points down, Nifty settles below 8,800; Jubilant FoodWorks slips

The BSE Sensex closed 111.30 points down at 28523.20, while Nifty 50 index settled 32.50 point lower at 8,775.90.

By: | New Delhi | Updated: September 20, 2016 5:31 PM
bse sensex, nse nifty, The BSE Sensex closed 111.30 points down at 28523.20, while Nifty 50 index settled 32.50 point lower at 8,775.90. (Photo: PTI)

CLOSING BELL

The BSE Sensex closed 111.30 points down at 28523.20, while Nifty 50 index settled 32.50 point lower at 8,775.90. In the 50-share index, YES Bank, Bharti Infratel, ONGC, Eicher Motors and Hindalco gained between 1.28 per cent and 2.53 per cent. On the other hand, Hero MotoCorp, Adani Ports, Bajaj Auto, IndusInd Bank and ACC slipped between 1.43 per cent and 2.59 per cent. Chandan Taparia, derivatives analyst, equity research, Anand Rathi Financial Services said, “Nifty has stuck in a range and formed a “Bearish Belt Hold” candle on daily chart indicates that follow up buying is missing at higher levels but an important part is sustained buying at lower zones is keeping the limited downside.”

Initial public offering (IPO) of ICICI Prudential Life subscribed 52 per cent on the second day of offer till 5 pm, according to the data available with NSE.

3.18 pm: Global investment firm Goldman Sachs is increasing shareholding in cable TV service provider Den Networks to 24.9 per cent by picking up over 1.58 crore equity shares for Rs 142.43 crore via preferential allotment. Shares of the company were trading 2.74 per cent up at Rs 80.50.

3.12 pm: Sensex was down 123.86 points down at 28,510.64.

2.26 pm: Cadila Healthcare was trading 2.17 per cent up at Rs 395.50. Sensex was down 125.76 points at 28508. Nifty was down 39.20 points at 8,769. Read more

1.56 pm: Lux Industries shares were trading 9.21 per cent up at Rs 633.

1.53 pm: Marsons shares advanced nearly 10 per cent intraday on Tuesday after the company informed bourses that it is extremely optimistic about its results for ongoing financial year ended March 2017. The company is also looking to overcome the working capital contraints by means of strategic investment into the organisation. At 1.53 pm, shares of the company were trading 4.08 per cent up at Rs 13.25. The scrip opened the day at Rs 12.80 and has touched a high and low of Rs 13.99 and Rs 12.50, respectively, in trade so far. In a BSE filing, the company said, “The company has reported the initiation of discussion with different strategic investors whose values and objectives are aligned to their own.”

1.40 pm: Financial Technologies (FTIL) shares were trading 2.40 per cent down at Rs 81.45. The scrip plunged after the company informed bourses that Central Bureau of Investigation, Economic Offence Wing, Mumbai, is conducting search in connection with FIR No. RC.0682014E0009 relating to recognition granted by SEBI to MCX-SX (now Metropolitan Stock Exchange of India Limited).

1.34 pm: Sensex was trading 121 points down at 28513. Nifty was down 37.20 points at 8771.20.

12.39 pm: Castrol India shares were trading 7.59 per cent up at Rs 454.50.

Read more: Do you hold these 7 smallcap stocks that surged over 50% in the past one month?

12.33 pm: Kolte Patil Developers shares were trading 7.72 per cent up at Rs129.80. The BSE Realty index was down 1.36 per cent at 1544.58. Read more

12.01 pm: ICICI Prudential Life Insurance Company IPO was subscribed 21 per cent on the second day of offer till 11 am.

11.57 am: Sensex was down 97 points at 28,538. Nifty was trading 29.60 points down at 8,778. Traders were seen piling up positions in PSU, metal and oil & gas stocks, while selling was witnessed in realty, IT and TECK sector stocks.

11.26 am: In the Nifty 50 index, IndusInd Bank, Aurobindo Pharma, Tata Power, Ambuja Cement and TCS were up 2.08 per cent and 2.75 per cent. On the other hand, Maruti Suzuki, Bajaj Auto, Axis Bank, Hero MotoCorp and HDFC Bank were down between 0.63 per cent and 1.38 per cent.

11.13 am: OBC has raised Rs 1,000 crore, which will be added as Basel III-compliant capital. The issue of Basel III-compliant additional tier 1 bonds (private placement) was opened on September 16, 2016, for one day. The issue was fully subscribed to the extent of Rs 1,000 crore and bonds were allotted on September 16, 2016. The issue has been rated as A+ with stable outlook by India Ratings and A+ (Hybrid) with negative outlook by Icra. Shares of the bank were trading 0.83 per cent up at Rs 127.55.

10.32 am: Reliance Communications shares were trading 0.31 per cent down at Rs 48.70. Global financial services firm HSBC maintained ‘reduce’ rating on Reliance Communications with an unchanged target price of Rs 45. The BSE Telecom index was trading 0.39 per cent down at 1,184.34.

10.18 am: Sudarshan Chemical Industries is reportedly planning to invest Rs 1000 crore over the next five years. The company is aspiring to become the fourth largest company in the world.  It is one of the leading manufacturers of color & effect pigments in India and its products primarily serve the coatings, plastics, inks and cosmetics markets. Shares were trading 1.88 per cent up at Rs 385.40.

10.00 am: According to the data released by the NSE, the Foreign Institutional Investors (FIIs) stood net seller of Rs 866.55 crore in index futures and options segments, as per Monday’s data, September 19, 2016. FIIs were net sellers of index futures to the tune of Rs 431.12 crore and net sellers of index options worth Rs 435.44 crore. In the stock segment, FII’s were net buyers of stock futures worth Rs 101.11 crore, while they bought stock options worth Rs 39.51 crore.

9.38 am: Sensex plunged further and was trading 105.61 points down at 28528.89 on account of selling in frontline bluechip counters. Nifty was trading 39.95 points down at 8768.45.

9.30 am: Sensex was trading 47.04 points down at 28587.46. Nifty was down 14 points at 8789.10. Jubilant FoodWorks shares were trading 7.83 per cent down at Rs 926.50. The company has accepted resignation of Ajay Kaul as the CEO cum whole time director of the company. Read more

9.15 am: The BSE Sensex opened 56.16 points, or 0.20 per cent, up at 28690.66, while Nifty opened 7.70 points up at 8816.10. Shares of NBCC and Dr Reddy’s Labs will remain in focus today. NBCC, a Navratna CPSE under the administrative control of Ministry of Urban Development has been nominated as the Land Management Agency for disposal of land assets of the sick CPSEs. NBCC as LMA, will manage, maintain and protect the land assets of sick CPSEs and shall be paid fee for the same till it is disposed off. Pharma major Dr Reddy’s Laboratories said it has launched in the US generic Paricalcitol injection used for treatment associated with chronic kidney disease.

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