The BSE Sensex and NSE Nifty snapped a 6-day gaining streak on Tuesday on account of profit booking amid weak Asian markets. The 30-share Sensex closed 111.89 points down at 27,166.87 while 50-share Nifty settled 34.75 points down at 8,335.95.
In the Nifty50 pack, Aurobindo Pharma, Coal India, YES Bank, Bosch and BHEL gained between 0.90 per cent and 1.88 per cent. On the other hand, GAIL, Power Grid, Tata Motors DVR, NTPC and Bharti Airtel slid between 2.05 per cent and 2.66 per cent.
Among the sectoral indices on BSE, the BSE Metal index gained 0.40 per cent, followed by BSE Capital Goods index (0.35 per cent) and BSE Healthcare index (up 0.21 per cent). Rest all other sectoral indices on BSE ended the day in red.
Asian peers also ended mostly in red on Tuesday, as commodities dropped and the Japanese yen strengthened on worries about renewed political uncertainty in the UK and the fragile balance sheets of Italian banks.
Domestic equity markets will remain shut on Wednesday on account of Eid.
3.15 pm: Meanwhile, Coal India announced that the board will consider a proposal for buyback of equity shares on July 11, 2016.
2.54 pm: Adani Power Maharashtra, wholly owned subsidiary of Adani Power has resumed operation at all its units, situated at Tiroda Plant in Maharashtra. Earlier in May, the company had to shut down its four units of 660 mw capacity each out of five units at the Tiroda plant due to acute water shortage. However, with the availability of water, all the units at Tiroda Power Plant have resumed normal operations with effect from July 01, 2016. Shares of Adani Power were trading 0.17 per cent up at Rs 30.35.
2.18 pm: Sensex continued to trade in red. The index was down 101.30 points at 27177. Nify was down 36.25 points at 8,334.
1.21 pm: Shares of HCC surged nearly 9 per cent in afternoon deals. Read more. Sensex was trading 85.91 points down at 27192. Nifty was down 26.85 points at 8,343.
1.02 pm: Dish TV stocks advanced over 1 per cent after a CNBC TV report said that the company is in talks to buy Videocon DTH. Lenders have suggested sale of Videocon DTH to Dish TV.
12.14 pm: Bank of Baroda, one of India’s leading public-sector banks, has exited its investment by selling five percent stake in Cibil to global credit information company TransUnion. The bank had earlier guided its intentions to sell stakes in non-core assets in the aftermath of RBI’s asset quality review, which led to erosion of profits. Shares of Bank of Baroda were trading 0.69 per cent up at Rs 160.90. Sensex was down 52.74 points at 27,226.02. Nifty was trading 17.05 points down at 8,353.65.
11.28 am: Tata Steel, the flagship company of the Tata group has reported 16.66 percent rise in its hot steel production at 3.01 million tonnes (MT) for the first quarter ended June 30, 2015 as compared to 2.58 MT for the same quarter in the previous year. For the April-June period of FY17, the company’s crude steel production rose by 7.69 percent to 2.52 MT from 2.34 MT a year ago. Shares of the company were trading 1.03 per cent up at Rs 334.
10.56 am: Fertiliser stocks were trading in red. The retail prices of non-urea fertilisers including DAP have been slashed by up to Rs 5,000 per tonne following drop in global prices of raw materials, Union Minister Ananth Kumar said on Monday. Sensex was down 92.90 points at 27185. Nifty was trading 29.65 points down at 8,341. Read more
10.11 am: Ujjivan Financial Services has received ratings upgradation from various rating agencies for its bank facilities. Credit rating agency, CARE has upgraded the long term bank facilities from ‘A’ to ‘A+’ for enhanced amount (from Rs 3,500 crore to Rs 4,500 crore). Shares of Ujjivan were trading 2.08 per cent up at Rs 426. Sensex was down 47 points at 27,231.
10.04 am: Meanwhile, Jaiprakash Associates shares surged over 22 per cent in the morning trade. Read more
9.57 am: L&T Infotech has priced its initial public offering (IPO) in a band of Rs 705 – Rs 710 per share. The IPO includes an offer for sale (OFS) of more than 1.75 crore shares by the existing promoter, Larsen & Toubro, and the company hopes to raise R1,242.5 crore, at the upper end of the price band, from the issue. Holding company Larsen & Toubro shares were trading 0.35 per cent up at Rs 1,570.65. Sensex was trading 28 points down at 27,250.
9.22 am: Sensex was trading 32.83 points down at 27245.93. Nifty was down 11.25 points at 8,359.45. In the 50-share index, ITC, HDFC, ICICI Bank, Bharti Airtel and Tech Mahindra were up between 0.16 per cent and 0.30 per cent. On the other hand, GAIL, TCS, ACC, ZEEL and Power Grid were down between 0.23 per cent and 0.45 per cent.
9.15 am: Benchmark indices BSE Sensex and NSE Nifty opened on a flat note on Tuesday. Nifty opened 8.60 points up at 8379.30, while Sensex opened 61.96 points up at 27,340.72.
Asian shares stepped back after five straight days of gains on Tuesday as investors took stock of a rally driven by the hope that central banks will provide stimulus to offset a likely downturn triggered by Brexit.
Hang Seng and Nikkei were trading down by 0.77 per cent and 0.81 per cent, respectively, in the morning trade.
Sensex gained for the sixth session as it added nearly 134 points to end at 27,279 on Monday. Rainfall deficit shrank to 6 per cent, sharply down from 18 per cent in the first week of June, after substantial rains over the weekend.
(with agency inputs)