Sensex, Nifty end flat; Lupin, NBCC (India) shares surge

By: | Updated: July 7, 2016 3:44 PM

The BSE Sensex opened 43.10 points up at 27209.97, while NSE Nifty opened 6.05 points up at 8,342.

BSE SENSEX NSE NIFTYThe BSE Sensex opened 43.10 points up at 27209.97, while NSE Nifty opened 6.05 points up at 8,342. (Express Photo)


Domestic equity markets ended the day with marginal gains on Thursday tracking firm European markets. Sensex closed 34.62 points up 27201.49, while Nifty index settled 1.95 points up at 8,337.90.

Traders were seen piling position in realty, FMCG and power stocks while selling was witnessed in IT, TECK and auto sector stocks. In scrip specific development, shares of National Buildings Construction Corporation (NBCC) surged 10 per cent after the Union Cabinet approved redevelopment of housing colonies in Delhi.

Punjab National Bank (PNB) shares rallied 2.50 per cent after its housing finance subsidiary PNB Housing Finance filed IPO papers with the market regulator Sebi.

Sentiments also got some boost after the newly appointed Minister of State for Finance Santosh Gangwar’s statement that the government is confident of getting the much-delayed GST Bill passed in the upcoming Monsoon session of Parliament.

3.28 pm: Lupin shares surged over 6 per cent after it announced that it has received notification that the inspection carried out by the USFDA in July 2015 at its Goa facility is now closed and the agency has issued an Establishment Inspection Report (EIR). However, the responses from March 2016 USFDA inspection and updates thereafter are still under review by the agency.

3.23 pm: Asian peers ended mixed on Thursday after the latest Federal Reserve minutes showed that prospects of an interest rate hike have diminished.

asian markets hang seng nikkei shanghai

2.50 pm: Bharat Forge shares were quoting 2.79 per cent down at Rs 746.80. Sensex was up 63 points at 27230. Nifty was up 9.70 points at 8,345.

2.22 pm: Mold-Tek Packaging has received Letter of Intent (LoI) for setting up 2 new plants to supply pails to the upcoming new plants of Asian Paints. The capacity of the company’s plants will start at 3,500 tons of polymer processing per annum in 2019 and would reach 14,000 tons per annum in 2024, subject to pricing, service & quality.

2.08 pm: Sensex jumped 116.51 points to 27283 in the afternoon deals. Nifty was trading 21.95 points up at 8,357.90. Read more: Southern Online Bio Technologies shares surge 20% on HPCL order

1.45 pm: Mawana Sugars shares locking in at upper circuit of 10 per cent at Rs 70.15.

1.43 pm: European shares rose on Thursday after a three-day losing streak, buoyed by gains in major consumer goods stocks such as Danone and Associated British Foods.

1.39 pm: The BSE Smallcap index was up 0.45 per cent at 12,046 while the BSE Midcap was almost flat at at 11,915.

1.13 pm: Sensex was up 29.42 points at 27,196. Nifty was trading 4.50 points down at 8,331.45. Read more: Pokarna Ltd, Mold-Tek Technologies, Compuage Infocom debut on NSE today

12.30 pm: Meanwhile, Oberoi Realty hit fresh 52-week high in today’s trade.

11.58 am: Vakrangee has entered into Corporate Agency tie-up with Religare Health Insurance Company (Religare), to distribute health Insurance product through Vakrangee distribution network. Citizens, especially in un-served and underserved areas shall be able to access health Insurance products and services offered/to be offered by Religare Health Insurance Company. Shares of the company were trading 3.07 per cent up at Rs 203.40.

11.25 am: JSW Holdings was trading 9.12 per cent up at Rs 1,362.20

11.24 am: Punjab National Bank (PNB) gained over 4 per cent in morning trade after PNB Housing Finance on Tuesday approached Sebi for an initial public offer worth up to Rs 2,500 crore. Read more

10.57 am: Oberoi Realty was trading 10.58 per cent up at Rs 308.25. Sensex was up 55.22 points at 27,222. Nifty was trading 4.90 points up at 8,340.

10.21 am: The rupee recovered marginally by 3 paise to 67.42 against the dollar in early trade at the
forex market on fresh selling of the US currency by banks and exporters amid foreign fund inflows. Read more

9.57 am: Sensex was trading 61.43 points up at 27228.30. Nifty was up 1.95 points at 8,337.90. NBCC shares surged over 10 per cent in the early trade. Read more: Read more: NBCC (India) Limited to gain on govt’s housing colonies contract; should you buy?

9.54 am: ITD Cementation shares surged as much as 11.69 per cent in the early trade. ITD Cementation joint venture received an order for designing and construction of underground sections including 3 underground stations at Siddhivinayak, Dadar and Shitaladevi Temple and Associated Bored Tunnels. The total value of the contract is around Rs 2,830 crore.

9.23 am: Sensex was up 7.35 points at 27174. Nifty was down 8.70 points at 8,327. In the 50-share index, Hindalco, Dr Reddy’s Labs, Bharti Airtel, Axis Bank and Bank of Baroda were up between 0.90 per cent and 1.14 per cent. On the other hand, HCL Technologies, Bharti Infratel, Tech Mahindra, Infosys, Tata Motors DVR were down between 0.85 per cent and 2.05 per cent.

9.15 am: The BSE Sensex opened 43.10 points up at 27209.97, while NSE Nifty opened 6.05 points up at 8,342.


The BSE Sensex and NSE Nifty are likely to open higher on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.

At 7.49 am (IST), SGX Nifty was trading 50 points, or 0.60 per cent, up at 8,346.

Asian peers, Nikkei and Shanghai were down by 0.39 per cent and 0.33 per cent in the morning trade. However, Hang Seng was trading 0.88 per cent up at 20,674.

US stocks rose on Wednesday as the Federal Reserve was seen refraining from raising interest rates soon. The Dow Jones industrial average rose 78 points, or 0.44 percent, to 17,918.62, the S&P 500 gained 11.18 points, or 0.54 percent, to 2,099.73 and the Nasdaq Composite added 36.26 points, or 0.75 percent, to 4,859.16.

Domestic equity markets were closed on Wednesday on account of Eid al-Fitr. On Tuesday, the 30-share barometer closed at 27,166.87, a loss of 111.89 points, or 0.41 per cent. The 50-share Nifty fell 34.75 points, or 0.42 per cent, to 8,335.95.

Stocks in focus

Axis Bank: Stocks of the private lender will be in focus as government on Tuesday approved Axis Bank’s proposal to raise foreign shareholding to 74 per cent, a move likely to bring FDI worth Rs 13,000 crore into the country and create up to 7,000 jobs over three years.

Read more: 15 stocks in focus in today’s trade

NBCC: NBCC has bagged government’s project of redeveloping General Pool Residential Accommodation (GPRA) colonies in Sarojini Nagar, Netaji Nagar, Nauroji Nagar. The Union Cabinet on Tuesday approved the redevelopment of seven General Pool Residential Accommodation (GPRA) colonies in Sarojini Nagar, Netaji Nagar, Nauroji Nagar through National Buildings Construction Corporation Limited (NBCC) and in Kasturba Nagar, Thyagraj Nagar, Srinivaspuri and Mohammadpur through Central Public Works Department (CPWD) to replace the existing housing stock.

(With agency inputs)

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