The BSE Sensex closed 91.26 points up at 28334.55 after the Reserve Bank of India cut repo rates by 25 basis points to 6.25 per cent.
The BSE Sensex closed 91.26 points up at 28,334.55 after the Reserve Bank of India (RBI) cut repo rates by 25 basis points to 6.25 per cent. Nifty 50 index settled 31.05 points up at 8769.15. In the Nifty 50-index, ONGC, GAIL, Tata Steel, State Bank of India and Tata Motors gained between 2.06 per cent and 4.70 per cent. On the other hand, Zee Entertainment, Coal India, Mahindra & Mahindra, Ambuja Cement and Larsen & Toubro gained between 1.23 per cent and 2.44 per cent.
3.19 pm: Sensex was trading 110.60 points up at 28353.89. Nifty was trading 34.95 points up at 8773.05.
3.13 pm: The total market capitalisation of BSE-listed companies surged to an all-time high of over Rs 113 lakh crore on Tuesday amid positive stock market sentiment.
2.33 pm: Meanwhile, RBI cut repo rate by 25 basis points to 6.25 per cent. Sensex was trading 92.51 points up at 28335. Nifty was up 23.90 points at 8,762.
2.20 pm: Hero MotoCorp was trading 0.03 per cent higher at Rs 3,524 on reporting an 11 percent rise in September sales. Sensex was up 26.14 points at 28,269.
1.45 pm: VST Tiller Tractors shares gained after the company reported 2,440 units sales of Power Tillers and Tractors for month of September, 2016. The company has sold 1,008 units Tractors for the month, while the Power Tillers sales stood at 1,432 units for the month September 2016. The scrip was trading 1.27 per cent up at Rs 1,940.
1.06 pm: Defence company Bharat Electronics said its Rs 2,171 crore equity shares buyback offer will open on October 6. Shares of the company were trading 0.27 per cent down at Rs 1269. Sensex was up 55 points at 28,298.
12.36 pm: Rate-sensitive indices BSE Bankex, Auto and Realty were down by 0.20 per cent, 0.14 per cent and 0.02 per cent, respectively. Read more: RBI’s credit policy review: Urjit Patel may hold rates, most rate-sensitive stocks under pressure
11.52 am: Sensex was up 35 points at 28278. Nifty was up 14.80 points at 8,752. Endurance Technologies IPO is set to hit markets on Wednesday to raise Rs 1,149.43 crore to Rs 1,161.73 crore at a price band of Rs 467-472 per share. Should you invest?
11.16 am: Diageo-controlled liquor firm United Spirits (USL) is looking to reduce its debt by up to Rs 2,000 crore in the next two years, through various measures that include sale of shares and properties earlier owned by embattled businessman Vijay Mallya. Shares of the company were trading 4.39 per cent up at Rs 2,530.
10.54 am: Manali Petrochemicals was trading over 8 per cent up after it announced acquisition of UK-based Notedome for about Rs 120 crore.
10.31 am: Swan Energy shares surged 20 per cent and hit upper circuit at Rs 87.80. Sensex was trading 61.46 points at 28304.75. Nifty was up 17.95 points at 8756.05.
10.17 am: Meanwhile, HPL Electric shares listed nearly 6 per cent down at Rs 190 on NSE against the issue price of Rs 202. Read more
9.30 am: In the Nifty 50-index, ONGC, GAIL, Hero MotoCorp, Bharti Infratel and BPCL were trading higher between 1.30 per cent and 3.20 per cent in morning trade. On the other hand, Coal India, Zee Entertainment, Larsen & Toubro, IndusInd Bank and Bharti Airtel were down between 0.48 per cent and 2.27 per cent.
9.24 am: Sensex was up 108 points at 28357. In the 30-share index, ONGC, Adani Ports, Hero MotoCorp and Reliance were up between 1.28 per cent and 1.89 per cent.
9.15 am: The BSE Sensex opened 134.35 points up at 28377.64, while NSE Nifty opened 31.90 points up at 8770.
The BSE Sensex and NSE Nifty are likely to open on a flat note with negative bias on Tuesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. At 8.26 am IST, SGX Nifty was trading 10 points down at 8778. Asian peers, Hang Seng was down by 0.13 per cent, while Nikkei was up by 0.88 per cent.
Rate-sensitive stocks are likely to remain in focus on Tuesday ahead of the monetary policy review later in the day. Two-wheeler maker Hero MotoCorp will remain in focus as the company reported an 11.24 per cent increase in sales at 6,74,961 units in September. The company sold 6,06,744 units in September 2015.
HPL Electric & Power shares are going to list on bourses today after successfully completing its Rs 361-crore initial public offering last week.
Benchmark indices BSE Sensex and NSE Nifty jumped over 1.5 per cent on Monday on account of improving sales numbers from automakers, a sign of revival in discretionary spending, the rupee holding higher against the dollar and no further flare-up on the geopolitical front added fuel to the rally.