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  1. Sensex ends 120 points up on late buying, Nifty settles above 8,600; Tata Motors, Zee Entertainment surge over 4 per cent

Sensex ends 120 points up on late buying, Nifty settles above 8,600; Tata Motors, Zee Entertainment surge over 4 per cent

The BSE Sensex and NSE Nifty opened lower on Monday following global cues as US Federal Reserve chair Janet Yellen indicated at a possible rate hike this year but didn't give a timeline for the same.

By: | Updated: August 29, 2016 3:50 PM
bse sensex nse nifty stock markets today The BSE Sensex and NSE Nifty opened lower on Monday following global cues as US Federal Reserve chair Janet Yellen indicated at a possible rate hike this year but didn’t give a timeline for the same. (Photo: Reuters)

The BSE Sensex and NSE Nifty reversed their early morning losses and closed higher on Monday on account of buying in selected blue chip companies. Sensex advanced 120.41 points to end at 27,902.66, while NSE Nifty closed 34.90 points up at 8,607.45.

Markets through the day

3.30 pm: Sensex ends 120 points at 27,902.66 on buying in the last leg of the trade. Nifty settled above 8,600 by surging 34.90 points at 8,607.45. Tata Motors ends 4.16 per cent up at Rs 524.60. Zee Entertainment surges 4.64 per cent to settle at Rs 531.10.

3.18 pm: Zee Entertainment shares were trading 4.20 per cent up at Rs 528.85 after CNBC TV18 reported that the company will sell its stake in Ten Sports to Sony for nearly Rs 2,000 crore. Zee has bought 50 per cent stake in Ten Sports at enterprise value of $114 mn in 2006. Sensex was trading 137.16 points up at 27,919.41, while NSE Nifty was trading 33.90 points up at 8,606.45.

2.34 pm: Indian Oil Corporation shares were trading 0.66 per cent down at Rs 570.00 after the company posted 25.4 per cent rise to Rs 8268.98 cr  for the first quarter ended June as compared to Rs 6590.83 cr in the same quarter last fiscal. Sensex was trading 120.61 points up at 27,902.86, while NSE Nifty was trading 28 points up at 8,600.55.

2.16 pm:  Gujarat Industries Power Company shares were trading 0.44 per cent down at Rs 90.80 after its standalone net profit moved up marginally by 1.7 per cent to Rs 54.97 crore for the first quarter ended June 30, 2016  as against net profit of Rs 54.03 crore in the year-ago period. Sensex was trading 68.25 points up at 27,850.50, while NSE Nifty was trading 10.30 points up at 8,582.85.

1.29 pm: Bharti Airtel has slashed 4G and 3G mobile internet charges by up to 80 per cent to as low as Rs 51 per gigabyte (GB) under a special scheme. Share price of the telecom company was trading 0.38 per cent down at Rs 342.80. Sensex was trading 11.49 points down at 27,770.76, while NSE Nifty was trading 5.75 points down at 8,566.80.

1.06 pm: MEP Infrastructure has received the Letter of Acceptance (LOA) from National Highways Authority of India (NHAI) informing that it has been engaged as the contractor for the project of Sau-Kala at Km 200.100 (Aurangabad – Barachatti) from Km 180.000 to Km 240.000 of National Highway no-2, in the state of Jharkhand. Shares of the company were trading 1.84 per cent up at Rs 44.35. Sensex was trading 20.84 points up at 20.84 points up at 27,803.09. Nifty was trading 0.75 points up at 8,573.30.

12.08 pm: Pratibha Industries stocks were trading 4.88 per cent down at Rs 21.45 after it posted a consolidated net loss of Rs 30.15 crore for the quarter ended June 30 as compared to Rs 16.45 crore in the similar quarter of 2015-16. Sensex was trading 18.55 points up at 27,800.80, while NSE Nifty was trading 5.15 points up at 8,577.70 during the same.

11.14 am: Larsen & Toubro shares were trading 0.50 per cent up at Rs 1435.00 after the company is reportedly planning to scale-up its business in Southeast Asia and Africa. Overseas orders now account for a third of the company’s order inflow, up from 10-12 per cent a few years ago. Sensex was trading 8.99 points down at 27,773.26, while nSE Nifty was trading 4.80 poinst down at 8,567.75.

10.16 am: Indian rupee was trading lower by 12 paise at 67.18 against the dollar in early trade  on increased month-end demand for the American currency from importers and banks as dollar strengthene against some global currencies after the US Federal Reserve Chair Janet Yellen indicated that the interest rates could rise in coming months. Sensex was trading 38.84 points down at 27,743.41, while NSE Nifty was trading 16.30 points down at 8,556.25. According to the data released by the NSE, the Foreign Institutional Investors (FIIs) were net buyer of Rs 1862.45 crore in index futures and options segments, as per Friday’s data, August 26, 2016.   FIIs were net buyers of index futures to the tune of Rs 1051.11 crore and net buyers of index options worth Rs 811.34 crore. In the stock segment, FII’s were net sellers of stock futures worth Rs 152.75 crore, while they bought stock options worth Rs 193.97 crore.

10.46 am: Tata Motors shares were trading 3.15 per cent up at Rs 519.50 despite company posting 57 per cent fall in consolidated net profit at Rs 2,260.40 crore for the first quarter ended June 30 as against a consolidated profit of Rs 5,254.23 crore in the same period last fiscal. Sensex was trading 26.57 points down at 27,755.68, while NSE Nifty was trading 7.50 points down at 8,565.05.

9.18 am: Stocks of GMR Infrastructure were trading 4.28 per cent up at Rs  13.65 after the Bangaluru-based company’s subsidiary won the final financial bid for construction of the greenfield airport at Mopa in North Goa. Sensex was trading 15.85 points down at 27,766.40, while NSE Nifty was trading 6.50 points down at 8,566.05.

9.15 am: The BSE Sensex and NSE Nifty opened lower on Monday following global cues as US Federal Reserve chair Janet Yellen indicated at a possible rate hike this year but didn’t give a timeline for the same.

Domestic equity markets closed lower on the first session of the new F&O series on Friday with the BSE Sensex down 54 points at 27,782.25 as investors chose to stay on the sidelines ahead of a speech by the US Federal Reserve Chair Janet Yellen.

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