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  1. Sensex surges 364 points on firm global cues, Nifty settles above 8,680; Hero MotoCorp, Tata Motors gain

Sensex surges 364 points on firm global cues, Nifty settles above 8,680; Hero MotoCorp, Tata Motors gain

The BSE Sensex and NSE Nifty ended higher on Friday following firm global cues.

By: | New Delhi | Updated: August 5, 2016 4:13 PM
bse sensex, nse nifty, The BSE Sensex and NSE Nifty ended higher on Friday following firm global cues. (PTI)

CLOSING BELL

The BSE Sensex and NSE Nifty ended higher on Friday following firm global cues. Sensex closed 363.98 points up at 28,078.35, while Nifty50 index settled 132.05 points up at 8,683.15. In the 50-share index, Hero MotoCorp, Grasim, Hindalco, Bajaj Auto and Ambuja Cements gained between 4.30 per cent and 5.31 per cent. On the other hand, Bharti Infratel, Tech Mahindra, Power Grid, Sun Pharma and Bharti Airtel slid between 0.73 per cent and 1.04 per cent.

Sectorwise, the BSE Telecom, IT and TECk index slid 0.18 per cent, 0.15 per cent and 0.07 per cent, respectively, rest all other indices ended the day in green. The BSE Auto, Oil & Gas, Metal and Capital Goods index gained 3.14 per cent, 2.74 per cent, 2.56 per cent and 2.34 per cent, respectively.

Read more: 5 reasons why BSE Sensex soared 364 points on Friday

Asian peers mostly ended mostly higher on Friday with Hang Seng and KLSE Composite closed higher by 1.44 per cent and 0.53 per cent. However, Shanghai Composite settled 0.19 per cent down at 2,976.70.

3.23 pm: 8K Miles Software shares surged over 10 per cent after it informed bourses that it will consider splitting of shares and issue of bonus shares to the shareholders later this month. Read more

2.44 pm: Monsanto India were down by 1.47 per cent at Rs 2266. The scrip plunged after the company reported a fall of 9.86 per cent in its net profit at Rs 56.60 crore for the quarter ended June 30, 2016 as compared to Rs 62.79 crore for the same quarter in the previous year.

2.04 pm: The BSE Sensex and NSE Nifty continued to trade firm in the afternoon trade. Sensex was trading 235.42 points up at 27949.79. Nifty was up 90.55 points at 8,641.

1.25 pm: Sensex was trading 246 points up at 27960.38. Some support also came with the Global credit rating agency, Moody’s Investors Service’s statement that the GST implementation will be positive for the country’s economic growth without any significant impact on inflation.

Read more: Multibagger stock to watch: This NBFC surged over 16,000% in 7 years

12.30 pm: Shares of Snowman Logistics plunged as much as 8.17 per cent on Friday after the logistics major posted 67.17 per cent fall in net profit at Rs 1.79 crore against Rs 5.46 crore in the corresponding quarter a year ago.

11.48 am: Sensex was trading 300.44 points up at 28,014. According to market experts, firm trend in other Asian markets after the Bank of England announced a interest rate cut lifted market sentiment. Read more: 5 reasons why BSE Sensex soared over 300 points in morning trade today

10.34 am: Asian markets were trading higher on Friday after the Bank of England reduced its key interest rate for the first time in seven years and expanded its quantitative easing. Sensex was up by over 300 points in the morning trade.

9.52 am: Fortis Healthcare shares were trading 1.50 per cent up despite the company reported 74 per cent fall in consolidated net profit at Rs 25.26 crore against Rs 97.40 crore in the same quarter last year. Sensex was up 234 points at 27,948.

Read more: Tata Steel, JSW Steel gain as government extends minimum import price on 66 steel products

9.26 am: In the 50-share index, ICICI Bank, BPCL, Hindalco, Bank of Baroda and Tata Motors were up between 1.51 per cent and 2.20 per cent. On the other hand, Bharti Infratel and Infosys were down by 0.24 per cent and 0.93 per cent, respectively.

9.17 am: Sensex surged over 200 points at 27,924.69. Nifty was trading 65.90 points up at 8,617.

OPENING BELL

Sensex opened 96.18 points up at 27810.55 on short coverings, while Nifty opened 49.10 points up at 8600.20.
PRE-MARKETS

The BSE Sensex and NSE Nifty are likely to open higher on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm Asian cues. At 8.05 am, SGX Nifty was up 52 points, or 0.60 per cent, at 8,656. Asian peers, Hang Seng, Nikkei and Shanghai were trading higher by 1.31 per cent, 0.12 per cent and 0.12 per cent, respectively.

The 30-share Sensex gained over 224 points in the early trade on Thursday, but the index wiped off most of its gains due to profit booking and settled higher by 16.86 points, or 0.06 per cent, at 27,714.37.

Shares of Gati and Fortis Healthcare will remain in focus on Friday. Logistics firm Gati on Thursday post market hours reported 20.5 per cent year-on-year rise in consolidated net profit to Rs 9.44 crore for the quarter ended June 30, 2016.

Fortis Healthcare registered a consolidated bottomline of Rs 25.26 crore for the first quarter ended June 30, 2016 against Rs 97.40 crore for the corresponding period of the previous fiscal.

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