Sensex, Nifty end flat in choppy trade; Infosys, HCL Tech, Idea Cellular gain

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New Delhi | Updated: August 23, 2016 3:43:11 PM

BSE Sensex closed 4.67 points up at 27,990.21, while Nifty 50 index settled 3.45 points up at 8,632.60 after a volatile trade.

bse sensex nse nifty stock markets todayBSE Sensex closed 4.67 points up at 27,990.21, while Nifty 50 index settled 3.45 points up at 8,632.60 after a volatile trade.(Photo: Reuters)

CLOSING BELL

BSE Sensex closed 4.67 points up at 27,990.21, while Nifty 50 index settled 3.45 points up at 8,632.60 after a volatile trade. However, the BSE Midcap index and BSE Smallcap index closed down by 0.28 per cent and 0.07 per cent at 12945.30 and 12433.78, respectively. In the 30-share index, Infosys, TCS, Asian Paints, Bharti Airtel and Gail gained 2.23 per cent, 2.03 per cent, 0.99 per cent, 0.96 per cent and 0.80 per cent. On the other hand, NTPC, Bajaj Auto, Larsen & Toubro, ITC and Hero MotoCorp dipped 2.90 per cent, 1.36 per cent, 1.11 per cent, 1.08 per cent and 0.99 per cent, respectively.

3.23 pm: Benchmark indices in green. Sensex was trading 15.72 points up at 28001.26. Nifty was up 5.15 points at 8,634.30. Idea Cellular shares were trading 5.08 per cent up at Rs 99.30. Bank of Baroda, TCS and Infosys were trading higher by 2.19 per cent, 1.99 per cent and 1.93 per cent, respectively.

2.50 pm: Tata Power shares were trading 3.30 per cent at Rs 74.70 post Q1 result. Read more . Benchmark BSE Sensex was down 62 points at 27,923. Nifty was trading 20 points down at 8,609.

1.54 pm: The BSE IT index was trading 1.32 per cent up at 10732.80. Mindtree, HCL Tech and TCS were trading higher by 2.77 per cent, 2.42 per cent and 1.86 per cent, respectively.

1.33 pm: Birla Corporation has completed the process of acquisition of the cement business of Reliance Infrastructure (RIL). The company has acquired 100% shares of Reliance Cement Company (Reliance Cement), a subsidiary of RIL. After this acquisition, Reliance Cement has become a wholly-owned material subsidiary of Birla Corporation. The acquisition has been funded through existing cash reserves and incremental debt. Shares of Birla Corporation were trading 2.68 per cent down at Rs 662.70. Reliance Infrastructure was up 2.27 per cent. Sensex was down 55.61 points at 27929, while Nifty was trading 26.80 points down at 8,602.

12.53 pm: Sensex was down 30 points at 27,955. SREI Infrastructure Finance, one of India’s largest integrated infrastructure institutions, has filed the Draft Shelf Prospectus (DSP) with BSE and National Stock Exchange (NSE) and Securities and Exchange Board of India (SEBI) for public issue of secured redeemable non-convertible debentures (NCDs) of face value Rs 1,000 each aggregating up to Rs 1,000 crore (Shelf Limit). Shares of the company were trading 1.56 per cent up at Rs 75.25.

11.54 am: Sensex was trading 23.87 points down at 27961. HCL Technologies, Infosys and TCS were trading higher by 2.64 per cent, 2.09 and 2.08 per cent, respectively.

11.16 am: Welspun India shares tanked 20 per cent to Rs 65.85. Read more: Welspun India m-cap down over Rs 3,500 cr in two-days; 5 reasons why Target deal is hurting the stock

Benchmark BSE Sensex was trading 28.95 points down at 27,956. Nifty was trading 6 points down at 8,622.50.

11.03 am: NTPC, the largest power generator in the country has decided to raise up to Rs 15,000 crore through issuance of debentures/bonds on private placement basis. The funds would be raised in one or more tranches/series not exceeding 30, through private placement, in domestic market for capex, working capital and general corporate purpose. Shares of the company were trading 0.64 per cent down at Rs 162.50.

10.21 am: In the 50-share index, HCL Technologies, TCS, Infosys, GAIL and Tech Mahindra were up between 1.05 per cent and 2.50 per cent. On the other hand, BHEL, BPCL, Aurobindo Pharma, Larsen & Toubro and Sun Pharma were down between 0.80 per cent and 2.75 per cent.

10.20 am: Hotel Leelaventure was trading 3.93 per cent up at Rs 18.50. Read more

Benchmark BSE Sensex was trading 2.56 points down at 27,982. Nifty was down 1 point at 8,628.15.

9.50 am: Indian rupee recovered by 7 paise to 67.12 against the US dollar in the early trade. Benchmark BSE Sensex was trading 27.27 points down at 27,958. Futures & Options (F&O) total turnover stood at Rs 4,09,057.69 crore on August 22 and the total number of contracts traded on the day were 59,87,781.

9.24 am: Allcargo Logistics fell over 5 per cent post Q1 results. The scrip was trading 5.27 per cent down at Rs 185 in the early trade.

9.18 am: Shriram EPC shares were trading 10.43 per cent up at Rs 24.35 in the early trade. Sensex was down 26.92 points at 27958, while Nifty was trading 9.95 points down at 8,619. Read more

9.15 am: Domestic benchmark indices opened on a flat note on Tuesday. Sensex opened 27.02 points up at 28012.56, while Nifty opened 0.80 points, or 0.01 per cent, down at 8,628.35.

8.07 am: The BSE Sensex and NSE Nifty are likely to open on a flat note with negative bias on Tuesday tracking Nifty futures on the Singapore Stock Exchange and mixed global cues. At 7.57 am (IST), SGX Nifty was down 10.50 points, or 0.12 per cent, at 8,617. Asian peers, Hang Seng and Nikkei were down by 0.28 per cent and 0.20 per cent, respectively, in the morning trade. However, Shanghai was trading up by 0.43 per cent.

The 30-share Sensex dipped 91.46 points to 27985.54 on Monday with investors adopting cautious stance after the appointment of Urjit Patel as the next RBI chief, who is very unlikely to cut rates in view of high inflation. NSE Nifty 50 index closed 37.75 points down at 8,629.15.

Shares of Pfizer and HPCL will remain in focus on Tuesday. Pfizer will pay about $14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine.

State-owned Hindustan Petroleum Corp (HPCL) on Monday registered a 30 per cent rise in its June quarter net profit to Rs 2,098.38 crore on rise in fuel sales and inventory gains. The oil marketing company posted a net profit of Rs 1614.13 crore in the corresponding quarter a year ago.

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