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Sensex ends 266 points up, Nifty settles above 8,860; Aurobindo Pharma surges over 5%

The BSE Sensex closed 265.71 points up at 28773.13, while Nifty index settled 90.30 points up at 8867.45.

By: | New Delhi | Updated: September 22, 2016 3:44 PM
BSE Sensex NSE Nifty The BSE Sensex closed 265.71 points up at 28,773.13, while Nifty index settled 90.30 points up at 8,867.45.


The BSE Sensex closed 265.71 points up at 28773.13, while Nifty index settled 90.30 points up at 8867.45. In the 50-share index, Aurobindo Pharma, Hindalco, Bank of Baroda, IndusInd Bank and State Bank of India gained between 2.70 per cent and 6 per cent. On the other hand, Tech Mahindra, Axis Bank, Lupin, TCS and Coal India were down between 1.17 per cent and 1.45 per cent. Rupee was trading 28 paise higher at 66.74 at the time of market closing.

3.09 pm: The BSE Smallcap and BSE Midcap index were trading 1.09 per cent and 1.44 per cent up at 12960.51 and 13300.46.

2.58 pm: Financial Technologies (India) (FTIL) has received a provisional attachment order from the Directorate of Enforcement, Mumbai, attaching Mutual funds amounting to Rs 306.70 crore. The company is taking appropriate steps in consultation with its legal counsel. Shares of the company were trading 5.45 per cent up at Rs 86.05. Sensex was up 253.73 points at 28761.15.

2.08 pm: Shares of L&T Technology Services will list on bourses tomorrow.

1.54 pm: European shares rallied to a two-week high on Thursday on account of buying in mining equities. Sensex was up 225 points at 28732. Nifty was up 76 points at 8853.

1.12 pm: HDFC shares were trading 1.21 per cent up at Rs 1,409. Sensex was up 230 points at 28737. Nifty was up 73.60 points at 8,850.75

12.33 pm: Larsen & Toubro has signed the principle contract with Vietnam Border Guard valued at $99.7 million for design and construction of high-speed patrol vessels in India as well as for transfer of design and technology along with supply of equipment and material kits for construction of follow-on vessels at a Vietnam shipyard. Shares of the company were trading higher by 1.69 per cent at Rs 1496.20.

12.00 pm: Sensex was trading 218.17 points up at 28725. Nifty was up 69.35 points up at 8846.50. Shares of IT majors were trading in red on stronger rupee.

READ MORE: Technical calls: Buy Bharat Forge, HCL Technologies; Sell Bata India

11.35 am: HPL Electric IPO which hit capital markets today was subscribed by 1 per cent till 11 am

10.56 am: Meanwhile, Reliance Industries shares hit their fresh 52-week high of Rs 1095.50 in the morning trade. The scrip was trading 1.98 per cent up at Rs 1092.60. Should you invest?

10.09 am: Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) has signed a Joint Venture (JV) agreement with Santosh Agrochem LLP for setting up of about 345 MTPD Purified Wet Lime Project in a phased manner at Bharuch in state of Gujarat to be implemented through a JV company in the name of Calciwell Chemtech (CCPL) at an estimated cost of Rs 50 crore. The company will hold 10 per cent stake in CCPL while Santosh Agrochem LLP will hold 90 per cent of the equity of CCPL. Shares of the company were trading 0.85 per cent up at Rs 177.

10.08 am: 

nifty top gainer loser Source: NSE

10.02 am: Sensex was trading 321 points up at 28828. Nifty was up 99 points at 8,875.

9.45 am: 5 reasons why BSE Sensex surged over 350 points in early trade

9.30 am: Shares of Steel Authority of India (SAIL) were trading 1.88 per cent up at Rs 48.70. The steel maker is eyeing to increase sales by 20 per cent to 14.52 million tonnes (MT) this fiscal from 12.1 MT a year-ago.

9.23 am: Barring Wipro (down 0.12 per,cent), rest all other components in the Nifty 50 index were trading in green. Hindalco, Bank of Baroda, YES Bank, Bharti Infratel and ICICI Bank were up 3.58 per cent, 2.65 per cent, 2.52 per cent, 2.46 per cent and 2.45 per cent, respectively.

9.17 am: Sensex was trading 359.99 points up at 28864.41. Nifty was up 96.20 points at 8873.35.

9.15 am: The BSE Sensex opened 259.52 points, or 0.91 per cent, up at 28766.94, while Nifty opened 96.20 points up at 8873.35.


Domestic equity markets are likely to open higher on Thursday after the US Federal Reserve left interest rates unchanged. The BSE Sensex on Wednesday closed 15.78 points down at 28,507, NSE Nifty index settled 1.25 points up at 8777.15.

Rohit Gadia, founder and chief executive officer, CapitalVia Global Research said,, “Nifty in its daily chart has formed a spinning top candlestick pattern on Wednesday. A spinning top generally visible when market sentiment is not sure about the direction and investor is not ready to carry any big risk as the buyer and seller is in equilibrium. However it also indicates a possible big move, once market able to breakout from the consolidation phase. Whether it is temporary pause after which market will recover or start of a fresh downtrend, required further confirmation to judge.”

The US Fed did signal it could increase rates by year-end as the labour market improved, but cut the number of rate increases expected in 2017 and 2018. It also reduced its longer-run interest rate forecast to 2.9 per cent from 3 per cent.

HPL Electric and Power is seeking to raise Rs 361 crore through an initial public offer (IPO). The public offer will hit capital markets today. Read more

Shares of Godrej Properties and SAIL will remain in focus on Thursday. The real estate company Godrej Properties has acquired a 12-acre land parcel in Bengaluru to develop a housing project. SAIL is eying to increase sales by 20 per cent to 14.52 million tonnes (MT) this fiscal from 12.1 MT a year-ago.

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