The BSE Sensex and NSE Nifty ended marginally in red on Monday on account of selling in frontline bluechip counters like ICICI Bank, Larsen & Toubro, Adani Ports and Reliance Industries.
The BSE Sensex and NSE Nifty ended marginally in red on Monday on account of selling in frontline bluechip counters like ICICI Bank, Larsen & Toubro, Adani Ports and Reliance Industries. Sensex closed 48.74 points down at 28,003.12, while Nifty index closed 1.95 points down at 8,636.55.
In the 50-share index, HCL Technologies, TCS, Tata Steel, Hindalco and Grasim gained between 2.44 per cent and 3.47 per cent. On the other hand, ICICI Bank, L&T, BHEL, Bank of Baroda and Adani Ports slid between 1.56 per cent and 4.92 per cent.
Among the sectoral indices on BSE, the BSE Capital Goods index, Bankex and FMCG slid by 2.34 per cent, 1.18 per cent and 0.52 per cent, respectively. On the other hand, BSE IT, TECk, Metal and Auto index gained 1.76 per cent, 1.54 per cent, 1.31 per cent and 0.47 per cent, respectively.
Asian peers closed mostly higher on Monday. Hang Seng and Nikkei ended higher by 1.09 per cent and 0.40 per cent, respectively. However, Shanghai slipped by 0.87 per cent.
3.25 pm: Quess Corp shares were trading nearly 17 per cent up at Rs 597. Read more
2.53 pm: Midcaps and smallcaps were outperforming benchmark indices in the late afternoon trade. Jindal Steel and Power was trading nearly 9 per cent up at Rs 90.80.
2.13 pm: Steel stocks were trading higher in the afternoon trade. Jindal Steel and Power and JSW Steel were up by 3.29 per cent and 0.91 per cent, respectively. Sensex was down 36 points at 28015. Nifty was trading 0.90 points down at 8,637.
1.32 pm: Sensex was down 88.20 points at 27963. Nifty was trading 24.05 points down at 8,614.
12.36 pm: The BSE Sensex and NSE Nifty wiped off their initial gains in the aftenoon deals on account of selling in frontline bluechip counter. Read more: After recent rally, is the market overpriced? 5 risks to Sensex, Nifty
12.22 pm: Benchmark indices BSE Sensex and NSE Nifty wiped off most of their gains and were trading 35 points and 13.50 points higher at 28,087 and 8,652, respectively, in the afternoon trade. Larsen & Toubro shares were trading over 2 per cent down post Q1 results.
11.54 am: Borosil Glass Works shares rallied as much as 11 per cent in morning trade after it announced acquisition of around 60 per cent stake in Klasspack. Read more.
Sensex was up 146 points at 28,198. Nifty was trading 49.30 points up at 8,687.
11.26 am: ICICI Bank shares were trading over 2 per cent down after the private sector lender reported 25 per cent fall in net profit at Rs 2232.35 crore for the quarter ended June 30, 2016 against Rs 2976.16 crore in the corresponding quarter a year ago.
11.01 am: SP Apparels IPO will hit markets on August 2. Read more
10.21 am: Meanwhile Indian rupee gained for the 5 consecutive day, gaining 25 paise, to trade at 66.76 against the dollar on sustained selling of the US currency by exporters and banks. Sensex was trading 211 points up at 28263. Nifty was up 65.55 points at 8,704.
9.24 am: Nifty was trading 63.45 points up at 8,701. In the 50-share index, BHEL, Tata Motors DVR, Eicher Motors, Tata Motors and Tata Power were up between 1.17 per cent and 1.35 per cent. On the other hand, Tech Mahindra, ICICI Bank and Infosys were down between 0.40 per cent and 2.05 per cent. The index cross 8,700-mark for the first time since April 16, 2015.
9.16 am: Sensex was trading 163.09 points up at 28,214.95. Nifty was up 44.10 points at 8682.60. Shares of Advanced Enzyme Technologies will list on bourses today. The company has fixed Rs 896 as issue price of the public offer. Read more
The BSE Sensex and NSE Nifty are likely to open in green on Monday tracking Nifty futures on the Singapore Stock Exchange and firm Asian cues. At 8.02 am (IST), SGX Nifty was up 46 points, or 0.53 per cent, at 8,733. Benchmark Sensex plunged 157 points to 28,051.86 on Friday on account of profit booking. NSE Nifty index settled 27.80 points down at 8638.50.
Asian shares were trading marginally higher after disappointing US economic growth data reduced expectations of a rate hike by the US Federal Reserve in the next few months.
Dilip Buildcon IPO will hit capital markets on Monday and the company has fixed a price band of Rs
214-219 per share.
ICICI Bank on Friday posted a 22 per cent year-on-year fall in June quarter consolidated net profit at Rs 2,516 crore as the bank continued to grapple with non-performing assets.