Benchmark indices BSE Sensex and NSE Nifty wiped off their day’s gains and ended marginally in red on Tuesday on account of profit booking in selected bluechip counters ahead of tabling of GST Bill in Rajya Sabha on Wednesday. Sensex settled 21.41 points down at 27,981.71, while Nifty closed 13.65 points down at 8622.90.
In the 50-share index, ITC, Maruti Suzuki, Bank of Baroda, HCL Technologies and Tech Mahindra gained between 1.63 per cent and 4.24 per cent. On the other hand, Aurobindo Pharma, HDFC, Tata Motors, BPCL and Tata Motors DVR slid between 2.33 per cent and 3.18 per cent.
Barring the BSE FMCG (up 1.68 per cent) and IT (up 0.06 per cent), rest all other sectoral indices on BSE ended in red. The BSE Metal, Telecom, Realty and Power index slid 1.78 per cent, 1.27 per cent, 1.18 per cent and 0.84 per cent, respectively.
Asian peers mostly ended in red on Tuesday.
3.13 pm: Shares of Coromandel International fell over 4 per cent after PTI reports that the government said it will stop giving subsidy to private players if they fail to bring down retail prices of non-urea fertilisers by up to Rs 5,000 per tonne, in line with public sector firms.
2.20 pm: Sensex wiped off its initial gains and was trading 12.82 points down at 27990. Nifty was trading 13.15 points down at 8,623.
1.53 pm: Dilip Buildcon IPO subscribed 16 per cent on the second day of offer till 1.30 pm. However, SP Apparels IPO was subscribed by 3 per cent on the first day of offer till 1.30 pm.
1.19 pm: Indian Bank shares were trading 10 per cent up at Rs 170.95. The scrip jumped after the bank reported 42.77 per cent rise in net profit at Rs 307.36 crore for the quarter ended June 30, 2016 as compared to Rs 215.28 crore for the same quarter in the previous year.
12.56 pm: According to reports, Japan expects stimulus can lift GDP of the country by 1.3 per cent.
12.46 pm: Gabriel India shares were trading over 9 per cent up at Rs 106.30. Indian Bank was up over 4 per cent post Q1 results. Sensex was trading 24.40 points up at 28027. Nifty was up 1.10 points at 8,637. Meanwhile, Japan cabinet approves $274 billion stimulus package.
11.52 am: Sun Pharmaceuticals was trading 0.32 per cent up at Rs 837.80. Shares of the pharma major gained after its subsidiary received final approval from USFDA for generic diabetes drug.
11.18 am: ITC and Maruti Suzuki hit fresh 52-week high of Rs 259.15 and Rs 5,000, respectively. Read more: Auto shares on a roll post July sales figures, Maruti Suzuki hits Rs 5,000
11.05 am: Dilip Buildcon IPO subscribed 11 per cent on the second day of offer till 10.30 am.
10.50 am: Tech Mahindra shares were trading 1.80 per cent up at Rs 498.50 despite the company reported lower-than-expected results for the quarter ended June 30, 2016. Sensex was up 109 points at 28112. Read more
10.04 am: The rupee fell by 4 paise to 66.78 against the dollar in early trade. Sensex was trading 99 points up at 28101.61.
9.27 am: BSE Sensex extended early gains and was trading 119 points up at 28123. Nifty was up 36.15 points at 8,672. In the 50-share index, Maruti Suzuki, Tech Mahindra, Bharti Infratel, ITC and State Bank of India gained between 1.20 per cent and 2.51 per cent. On the other hand, ICICI Bank, UltraTech Cement, ZEEL, Bharti Airtel and Infosys slid between 0.48 per cent and 1.23 per cent.
9.20 am: InterGlobe Aviation shares plunged over 6 per cent in the early trade post Q1 results. InterGlobe Aviation, or IndiGo reported around 7.4 per cent decline in net profit at Rs 591.77 crore for the quarter ended June 30, 2016 against Rs 638.89 crore in the same quarter last year.
9.15 am: Sensex opened 66 points up at 28,069.12, while Nifty opened 10.90 points up at 8,647.45.
The BSE Sensex and NSE Nifty are likely to open lower on Tuesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. At 7.54 am (IST), SGX Nifty was down 7.50 points at 8,680.50. The 30-share index on Monday wiped off its initial gains and closed lower by 49 points to 28,003.12, on account of sell-off in ICICI Bank and L&T amid mixed global cues.
Asian markets edged lower in early trading on Tuesday. Nikkei was down 0.66 per cent at 16528, while Shanghai was also trading down by 0.02 per cent.
On Wall Street, the S&P 500 index and the Dow Jones Industrial Average index settled down by 0.13 per cent and 0.15 per cent on account of selling in energy stocks. However, technology stocks such as Apple and Alphabet helped Nasdaq to close up by 0.43 per cent on Monday.
Back home, initial public offer of SP Apparels will hit capital markets on Tuesday. The company raised around Rs 72 crore from anchor investors on Monday.
Shares of Tech Mahindra and InterGlobe Aviation will remain in focus today. Tech Mahindra on Monday posted 9.54 per cent quarter-on-quarter decline in consolidated net profit at Rs 796.54 crore for the quarter ended June 30, 2016.