CLOSING BELL
Domestic equity indices BSE Sensex and NSE Nifty ended on a flat note on Wednesday. The 30-share index closed 7.04 points up at 27,815.18, while the 50-share index settled 1.55 points down at 8,519. Sentiments remained cautious with retail inflation inching up to a 22 month high level of 5.77 per cent in June against 5.76 per cent increase in the previous month.
Read more: Larsen & Toubro Infotech IPO oversubscribed 10.29 times till 3.30 pm
Tata Steel, GAIL, ONGC, Coal India and Idea Cellular remained among top gainers in the Nifty 50 pack. On the other hand, Power Grid, BPCL, IndusInd Bank, UltraTech Cement and Lupin stood among top losers.
3.14 pm: Meanwhile, Asian peers ended higher even as gains remained capped somewhat ahead of Chinese trade data released later in the day after regular hours on the major exchanges.
2.41 pm: Mahindra Aerostructures, a subsidiary of Mahindra & Mahindra, has received a contract from Airbus Helicopters to make airframe parts for the AS565 MBe Panther. These parts will be produced at the Mahindra facility in Bengaluru. They will be shipped directly to the Airbus Helicopter production line in Marignane, France where they will be integrated with the rest of the airframe assembly and will form a critical part of the Panthers sold worldwide. Shares of M&M were trading 0.35 per cent down at Rs 1,468.
2.02 pm: Sensex was up 11 points at 27819. Nifty was trading 5.85 points down at 8,515.
1.35 pm: NBCC (India) shares plunged over 7 per cent on reports that the Cabinet approved stake sale in state-run company.
1.26 pm: Shares of TCS were trading 1.35 per cent up at Rs 2494.75. The company will announce its financial results for the quarter ended June 30, 2016 on Thursday. Read more: What to expect
Sensex was up 14.79 points at 27822.93. Nifty was trading 6.75 points down at 8514.
12.47 pm: L&T Infotech IPO subscribed 4.54 times on the last day of offer till 12.30 pm.
11.56 am: In the 50-share index, ONGC, BHEL, GAIL, Tata Steel and Hindalco were up between 0.88 per cent and 3.52 per cent. On the other hand, BPCL, Tata Motors DVR, IndusInd Bank, Power Grid and Maruti Suzuki were down between 1.37 per cent and 2.47 per cent.
11.12 am: Financial Technologies (FTIL) shares were trading 6 per cent down at Rs 85.30.
11.07 am: Ruchi Soya was trading 3.91 per cent down at Rs 22.10. The company has received a copy of winding up petition filed by one of its creditors before the High Court of Bombay. The company will take appropriate legal recourse in the matter. The company had a total debt of Rs 4514 crore. Sensex was down 20.04 points at 27,788. Nifty was trading 15.65 points down at 8,505.
10.43 am: ONGC and OIL India shares were up by over 3 per cent after a business daily reported that oil companies got government nod to increase kerosene price by 25 paise every month till April 2017. Read more
10.22 am: Rupee firmed up 7 paise to 67.11 against the dollar at the forex market on increased selling of the US currency by banks and exporters amid positive economic data. Sensex was up 60 points at 27870.
9.25 am: Sensex was up 46.27 points, or 0.17 per cent, at 27,854.41. Nifty was trading 0.45 points down at 8,520. Relaxo and Liberty were trading up by 5 per cent in the early trade. Seeking to boost investments and job creation, the government is working on a package of both fiscal and non-fiscal measures for leather and non-leather footwear sector.
PRE-MARKETS
The BSE Sensex and NSE Nifty are likely to open higher on Wednesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.
At 7.59 am (IST), SGX Nifty was up 16.50 points, or 0.19 per cent, at 8,540.
Asian shares came within reach of testing their 2016 peak on Wednesday as prospects of solid US growth and accommodative economic policy in major countries whet investors risk appetite damaged by uncertainty from Brexit. Hang Seng, Nikkei and Shanghai were trading higher up to 1.30 per cent in the morning trade.
Domestic equity markets jumped on Tuesday for the second day running as the benchmark Sensex climbed over 181 points to close at a fresh 11-month high of 27,808 on sustained capital inflows.
Stocks in focus
Vedanta and Cairn India: Financial powerhouse and largest domestic investor LIC denied having given its nod to the long-pending merger of Cairn India with the parent Vedanta Resources. Read more