The BSE Sensex closed 52.66 points down at 28,077.18, while NSE Nifty settled 6.35 points down at 8693.05.
The BSE Sensex closed 52.66 points down at 28,077.18, while NSE Nifty settled 6.35 points down at 8693.05. In the Nifty 50 index, Idea Cellular, Tech Mahindra, Tata Power, HCL Tech, Dr Reddy’s Labs gained between 1.39 per cent and 2.31 per cent. On the other hand, Axis Bank, Hindalco, Ambuja Cement, ACC and Cipla dipped between 2.09 per cent and 2.70 per cent. Traders remained cautious with the Moody’s report that there has been a large-scale decline in private investment in PPP projects in recent years because of delays in project approvals and land purchases by the government, complicated dispute resolution mechanisms in the concession agreements and lower than expected revenues due to aggressive assumptions. Depreciation in Indian currency too dampened sentiments.
2.52 pm: GHCL has received an approval for additional capital expenditure of Rs 67.25 crore for Textile division (Yarn & Home Textile). The board of directors at its meeting held on October 21, 2016 has approved for the same. Shares of GHCL was trading 3.93 per cent down at Rs 282.70.
2.05 pm: Shares of Atul Ltd were trading 0.88 per cent down at Rs 2410. The company reported 4.12 per cent fall in its net profit at Rs 82.32 crore for the quarter ended September 30, 2016 as compared to Rs 85.86 crore for the same quarter in the previous year. However, the company’s total income has increased by 7.12 per cent to Rs 748.92 crore for the quarter under review from Rs 699.12 crore for the corresponding quarter of the previous year.
1.26 pm: Unichem Laboratories reported a 11.28 per cent dip in standalone net profit to Rs 20.52 crore for the second quarter ended September 30, 2016. The company had posted a net profit of Rs 23.13 crore for the corresponding period of the previous fiscal. Shares of Unichem Labs were trading 6.75 per cent down at Rs 283.80.
12.38 pm: Asian peers were mostly trading in red as corporate earnings in the region gave cause for caution and the euro sank to its weakest level since March.
12.21 pm: Sensex was down 141 points at 27,988. Nifty was trading 38.35 points down at 8661. Trident was trading nearly 2 per cent higher post financial results for the quarter ended September 30, 2016.
11.15 am: LML intends to start trial operations of its light cargo 3-wheeler vehicle on a limited basis with effect from October 24, 2016 in a phased manner. Shares of the company were trading 6.84 per cent up at Rs 13.90. LML is an India-based company, which is engaged in the manufacture of motorized two-wheelers, including scooters and motorcycles. The Company sells, purchases and supplies goods or materials, such as component, parts, assembly, completely knocked down (CKD), semi knocked down (SKD) and completely built unit (CBU) of two-wheelers and three-wheelers. Sensex was down 154 points at 27,975. Nifty was trading 39.60 points down at 8,660.80.
10.20 am: Sensex was trading 125.94 points down at 28003.90. Nifty was down 30.80 points at 8668.60.
9.47 am: Wipro has signed a definitive agreement to acquire Appirio, a global cloud services company that creates next generation worker and customer experiences for a purchase consideration of $500 million. Wipro’s acquisition of Appirio will create one of the world’s largest cloud transformation practices, a game changer in today’s as-a-service and digital economy. Appirio also brings to Wipro, Topcoder, a leading crowd-sourcing marketplace connecting over a million designers, developers and data scientists around the world with customers. Shares of the company were trading 0.45 per cent up at Rs 497.75.
9.35 am: Sensex was trading 81.34 points down at 28,048. Nifty was trading 19.20 points down at 8680.20. In the 50-share index, HCL Technologies, Infosys, ZEEL, Gail and Dr Reddy’s Labs were up between 0.52 per cent and 3.13 per cent. On the other hand, Axis Bank, ONGC, Hindalco, RIL and Ambuja Cement were down between 1.10 per cent and 1.30 per cent.
9.20 am: HCL Technologies shares were trading 3.10 per cent up at Rs 841.60. Reliance Industries was down 0.69 per cent at 1,081.
9.15 am: The BSE Sensex opened 33.57 points, or 0.12 per cent, up at 28163.41, while Nifty index opened 9.20 points, or 0.11 per cent, up at 8,708.60.
Domestic equity markets are likely to open on a cautious note on Friday following weak global cues. Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 12.50 points down at 8,694.50 in the morning deals, indicating a gap-down opening for domestic equity markets. Asian peers, Nikkei and Shanghai were up by 0.30 per cent and 0.46 per cent, respectively.
Reliance Industries on Thursday announced its financial results for the quarter ended September 30, 2016. The company registered a 23 per cent fall in its second-quarter net profit as compared to last year’s figure, which was boosted by income from sale of US shale gas assets. Consolidated net profit in July-September stood at Rs 7,206 crore against Rs 9,345 crore in the corresponding quarter a year ago.
HCL Technologies on Friday (before market hours) reported 1.93 per cent fall in consolidated net profit at Rs 2,015.60 crore for the quarter ended September 30, 2016 against Rs 2,055.20 crore in the sequential quarter ended June 30, 2016.
Cairn India will announce is Q2FY17 results on Friday.