The BSE Sensex and NSE Nifty swung between gains and losses on Monday and ended the trade on a flat note. Sensex closed 5.25 points up at 26,402, while Nifty settled 3.70 points higher at 8,092.30.
In the 50-share index, Bank of Baroda, UltraTech Cements, Aurobindo Pharma, Dr Reddy’s Labs and Cipla gained between 2.90 per cent and 3.20 per cent. On the other hand, TCS, Infosys, ZEEL, IndusInd Bank and Asian Paints slid between 1.43 per cent and 3.01 per cent.
Sectorwise, the BSE IT index, TECK, Auto and Telecom slipped 1.86 per cent, 1.66 per cent, 0.25 per cent and 0.13 per cent. The BSE Healthcare index, Capital Goods and Realty index gained 2.01 per cent, 1.62 per cent and 1.29 per cent, respectively.
Asian stocks ended mixed on Monday.
3.00 pm: State-run National Hydroelectric Power Corporation (NHPC) is planning to set up a 600-MW solar power project at the Koyna hydel power complex in Maharashtra, as part of an initiative to expand its solar portfolio. The company is already carrying out the feasibility and financial viability study for the project, wherein it plans to set up floating solar panels with pumped storage system. Shares of NHPC were trading 2.29 per cent up at Rs 24.55. Sensex was up 20.83 points, or 0.08 per cent, at 26417.91. Nifty was up 11.80 poins at 8100.40.
2.11 pm: Meanwhile, National Stock Exchange (NSE) in a release said that it is planning to list on bourses as the board of the exchange has expressed its desire to file the DRHP latest by January 2017 for domestic listing and by April 2017 for overseas listing.
The BSE Sensex was trading 108.30 points down at 26289, while Nifty was down 23.45 points at 8,065.
1.32 pm: Sensex was up 37 points at 26,435. Nifty was trading 15.25 points up at 8,103. Meanwhile, Biocon shares hit their new 52-week high of Rs 761.80. The scrip was trading 6.88 per cent up at Rs 759.
12.56 pm: Larsen & Toubro shares were trading higher by over 2 per cent after the company won orders worth Rs 2,416 crore. Shares were trading at Rs 1,463.
12.41 pm: Sensex was trading 88 points up at 26,485. Nifty was up 28.40 points at 8,117.
12.19 pm: MEP Infrastructure Developers (MEP) in Joint Venture (JV) with Sanjose India Infrastructure & Construction has received the Letter of Award (LOA) from NHAI (National Highways Authority of India) for four Laning of Mahuva to Kagavadar of NH-8E from Km. 100.100 to Km. 139.915 (Design Chainage from Km. 100.450 to Km. 140.470) (Package III) in the State of Gujarat on Hybrid Annuity Mode under NHDP Phase IV. Shares of the company were trading 6.19 per cent up at Rs 38.60. Read more
11.39 am: Domestic IT stocks continued to trade in red post Brexit. Read more
Sensex was down marginally 14.84 points at 26,382. Nifty was down 2.70 points at 8,085.
11.17 am: Tata Teleservices (Maharashtra) (TTML) has decided to raise Rs 3,000 crore from its promoter Tata Teleservices through allotment of preferential equities. The company’s board gave approval for the same at its meeting held on June 25, 2016. Shares of TTML were trading 2.62 per cent up at Rs 6.65.
11.03 am: Dr Lal PathLabs shares gained over 5 per cent intraday on Monday after the company said it is eyeing to attain around 18 per cent growth in its top-line in the ongoing financial year 2016-17 as it undertakes initiatives to expand number of tests offered and its network across India. Sensex and Nifty were almost flat in the late morning trade.
Read more: 15 stocks to buy after heavy fall in indices on Brexit
10.43 am: Adani Enterprises has raised Rs 150 crore by issuing 1,500 Rated, Listed, Taxable, Secured, Redeemable, Non-Convertible Debentures (NCDs) of the face value of Rs 10 lakh each on private placement basis. Shares of the company were trading 1.75 per cent up at Rs 75.50.
10.09 am: Aban Offshore shares surged nearly 5 per cent intraday on Monday on reports the unit of the company has received a contract from ONGC for the deployment of drillship Aban Abraham for a firm period of 2 years.
9.58 am: Sensex was down 31 points at 26366. Aban Offshore advanced over 4 per cent intraday after its unit received a contract from ONGC for the deployment of drillship Aban Abraham for a firm period of 2 years. Expected revenues from the deployment estimated at $87 million, deployment expected to begin in Q4 of 2016.
9.45 am: The rupee shook off some of its earlier weakness and recovered 12 paise to 67.84 against the dollar on Monday on increased selling of the US currency by banks and exporters.
9.44 am: Benchmark indices wiped off initial losses and were trading in green. Sensex was up 33 points at 26431, while Nifty was up 7.85 points at 8,096.45.
9.27 am: Sensex was down 8.41 points at 26389.30. Nifty was down 8.90 points at 8,079.70. In the 50-share index, Aurobindo Pharma, State Bank of India, Axis Bank, Dr Reddy’s Labs and Bank of Baroda were up between 1.08 per cent and 1.25 per cent. On the other hand, TCS, ZEEL, Infosys, Power Grid and Tech Mahindra were down between 1.18 per cent and 2.58 per cent.
9.16 am: Sensex was trading 78.51 points down at 26,319.20. Parag Milk Foods was trading over 3 per cent up at Rs 268.20.
9.15 am: The BSE Sensex opened 49.90 points down at 26,347.81 on weak global cues. NSE Nifty opened 49.25 points, or 0.61 per cent, down at 8,039.34
9.00 am: SGX Nifty recovered and was trading 31 points down at 8,047.50. As per provisional figures, foreign institutional investors (FIIs)/ Foreign Portfolio Investors (FPIs) sold shares worth net Rs 629.14 crore on 24 June 2016. Domestic institutional investors bought shares worth Rs 114.94 crore on that day.
8.12 am: The BSE Sensex and NSE Nifty are likely to open in red tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.
At 7.54 am (IST), SGX Nifty was down 60.50 points, or 0.75 per cent, at 8,018.
Asian stocks fell and the British pound tumbled more than 2 percent in early trade on Monday as markets struggled to shake off deep uncertainty sparked by Britain’s decision to leave the European Union.
Back home, BSE Sensex tanked by 604.51 points on Friday to 26,397.71, its biggest single-day fall in nearly four months, as a shock victory for ‘Leave’ camp in the UK referendum sent markets across the world into a tailspin.
US markets plunged over 3 per cent on Friday after Britain decided to leave EU in a referendum.
The Dow Jones Industrial Average tumbled 610.32 points or 3.39 percent to 17,400.75, Nasdaq declined 202.06 points or 4.12 percent to 4,707.98 and S&P 500 was down by 75.91 points or 3.59 percent to 2037.41.
Stocks In Focus
ARSS Infrastructure Projects has informed that a work order amounting to Rs 44.04 Crores namely ‘Jagdalpur -Koraput Doubling Project- Execution of Earthwork in formation, Minor bridges, Protection works and other allied works from Km. 263.300 to Km.223.500 of Kotpar Road (Excluding) – Charamula kusumi (Including) – Khadapa (Including) – Dhanapur (Including) – Jeypore (Including) – Chatariput (Including) section in connection with KK line doubling of WAT Division, East Coast Railway’ is awarded by East Cost Railway on June 23, 2016, in favour of one of Joint Venture (JV) i.e. ARSS-BMS (JV).
Tata Sponge Iron has received a letter of intent (LOI) from Eastern Coalfields, a subsidiary of Coal India. It has been declared the company as a successful bidder for award of 24,000 tpa of coal at a notified price (winning premium is zero). The price would be reviewed by Coal India on a half-yearly basis.
Indiabulls Housing Finance is planning to raise Rs 300 crore by issuing Unsecured Non-Convertible Redeemable Debentures (Tier II) in the nature of subordinated debt on private placement basis.
(With agency inputs)