Sensex falls 157 points on profit booking, Nifty settles below 8,640; ICICI Bank plunges over 3%, IIFL surges over 9%

By: | Updated: July 29, 2016 3:52 PM

The BSE Sensex and NSE Nifty ended lower on Friday on account of profit booking amid disappointing stimulus from the Bank of Japan which further dented market sentiment.

bse sensex nse niftyThe BSE Sensex and NSE Nifty ended lower on Friday on account of profit booking amid disappointing stimulus from the Bank of Japan which further dented market sentiment.(Reuters)

CLOSING BELL

The BSE Sensex and NSE Nifty ended lower on Friday on account of profit booking amid disappointing stimulus from the Bank of Japan which further dented market sentiment. Sensex closed 156.76 points down at 28,051.86, while Nifty 50 index settled 27.80 points down at 8,638.50.

Among the 50-components in the Nifty index, Eicher Motors gained the most — 6.64 per cent, followed by Adani Ports (up 3.29 per cent), ZEEL (up 2.92 per cent), Lupin (up 2.23 per cent) and Tata Power (up 1.84 per cent). On the other hand, ICICI Bank, Bharti Airtel, BHEL, HDFC and Bank of Baroda slid 3.57 per cent, 2.81 per cent, 2.44 per cent, 1.94 per cent and 1.78 per cent.

Sectorwise, the BSE Telecom index, BSE Consumer Durables and Capital Goods index slid by 1.64 per cent, 0.92 per cent and 0.73 per cent, respectively. The BSE Auto index, Healthcare and Oil & Gas index gained 0.79 per cent, 0.72 per cent and 0.51 per cent, respectively.

Asian peers also ended mostly lower on Friday. Hang Seng and Shanghai closed lower by 1.28 per cent and 0.50 per cent, respectively.

3.21 pm: IIFL Holdings jumped over 6 per cent after the company reported 27.77 per cent rise in consolidated net profit at Rs 137.54 crore against Rs 107.65 crore in the corresponding quarter a year ago. Net sales of the company jumped 6.81 per cent year-on-year to Rs 1026.63 crore.

3.03 pm: Shares of Ujjivan Financial Services slid over 6 per cent post Q1 results. Sensex was trading 161 points down at 28,047. Nifty was down 31.55 points at 8,634.

2.27 pm: Foreign direct investment into the country increased by 7 per cent to $10.55 billion during Jan-March 2016 against $9.88 billion in the same quarter last year, according to the data of the Department of Industrial Policy and Promotion (DIPP).

2.15 pm: Kansai Nerolac shares jumped over 4 per cent post Q1 results. Read more

1.52 pm: Ajanta Pharma shares hit fresh all-time high of Rs 1776.75 on Friday after the company announced that it has received the approval for Omeprazole and Sodium Bicarbonate Powder for Oral Suspension from USFDA.

1.38 pm: Godrej Consumer Products shares were trading over 2 per cent down despite it reported 22.61 per cent rise in consolidated net profit figures at Rs 244.27 crore against Rs 199.23 crore in the corresponding quarter a year ago.

1.34 pm: In the 50-share index, Eicher Motors, Cipla, Bajaj Auto, Tata Steel and Tata Power were up between 1.76 per cent and 3.12 per cent. On the other hand, ICICI Bank, BHEL, Bharti Airtel, HDFC and Wipro were down between 1.41 per cent and 2.93 per cent. Nifty was trading 19.15 points down at 8645.95.

1.15 pm: PVR posted a jump of 15.25 per cent in its net profit at Rs 44.67 crore for the quarter ended June 30, 2016 against Rs 38.76 crore in the same quarter last year. Total income of multiplex-chain operator increased by 16.79 per cent to Rs 542.48 crore for the quarter under review from Rs 464.48 crore in April-June period  last year. Shares of the company were trading 1.21 per cent up at Rs 1,157.35.

12.43 pm: ICICI Bank was trading 3 per cent down ahead of its earnings for the first quarter ended June 30, 2016, slated to be announced later in the day.

12.20 pm: Dish TV shares were trading over 4 per cent up at Rs 98.15 on rising optimism over the tabling of GST Bill in Rajya Sabha next week. Expressing optimism on the implications of the tax reform, Chairman Jawahar Goel in a release said, “We continue to be optimistic about margin expansion and ease of doing business that should result from the implementation of GST.” Sensex was down over 107 points at 28,101. Nifty was trading 17.30 points down at 8,649.

11.30 am: Meanwhile, Indian rupee wiped off its initial gains and was trading 1 paise down at 67.05 against dollar. The currency was trading higher by 6 paise against the previous close of 67.04 against dollar in the early trade. Sensex was trading 39.87 points up at 28,168.

11.12 am: Punjab National Bank shares were trading 1.86 per cent down at Rs 126.60 post Q1 results. Brokerage firm Religare Institutional Equities believes the scrip can touch Rs 70 in the next few quarters. Read more

10.30 am: Muthoot Finance jumped over 3 per cent after it reported 47.56 per cent increase in its bottomline figures at Rs 270.27 crore for the quarter ended June 30, 2016 as compared to Rs 183.16 crore for the same quarter last year.

9.57 am: Eicher Motors shares hit new all-time high of Rs 22,382.15 post Q1 results. Read more

9.41 am: Meanwhile, the Bank of Japan expanded monetary stimulus through increase in purchases of exchange-rated funds. Sensex was trading 69 points down at 28,139. Nifty was down 16.05 points at 8650.25

9.24 am: Larsen & Toubro Infotech shares gained over 2 per cent after it reported 34.97 per cent rise in net profit at Rs 235.80 crore for the quarter ended June 30, 2016 against Rs 174.70 crore in the corresponding quarter a year ago.

9.16 am: Sensex in red, down 3.83 points at 28204.79. Nifty was trading 2.95 points down at 8,663. Larsen & Toubro Infotech shares gained over 2 per cent post Q1 results.

9.15 am: The BSE Sensex opened 24.25 points up at 28232.87, while Nifty 50 index opened 2 points up at 8668.30.

PRE-MARKETS

The BSE Sensex and NSE Nifty are likely to open lower on Friday tracking Nifty futures on the Singapore Stock Exchange and bleak Asian cues. At 8.04 am (IST), SGX Nifty was down 13.50 points, or 0.16 per cent, at 8,683.

Asian peers, Hang Seng, Nikkei and Shanghai were trading down by 0.68 per cent, 0.50 per cent and 0.15 per cent, respectively.

Domestic equity indices ended higher on Thursday on optimism over the passage of GST Bill and improvement in corporate earnings. Sensex closed 184 points up at 28208.62 on Thursday, while Nifty settled 50.50 points up at 8666.30.

Read more: Multibagger stock: Kesar Petroproducts turned Rs 1,000 to Rs 33,000 in 2 years; 5 things to know

Stocks in focus

Ceat reported 17.38 per cent fall in consolidated net profit at Rs 93.07 crore for the quarter ended June 30, 2016 against Rs 112.65 crore in the same quarter a year ago.

Eicher Motors on Thursday posted a 58.61 per cent increase in consolidated net profit to Rs 376.29 crore for the quarter ended June 30, 2016 against Rs 237.23 crore in the corresponding quarter a year ago.

 

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