Live coverage: Sensex, Nifty end flat after choppy trade; RIL, Bharti Airtel, Idea Cellular plunge

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New Delhi | Updated: September 1, 2016 3:40:44 PM

Sensex closed 28.69 points down at 28,423.48, while Nifty settled 11.55 points down at 8774.65.

bse sensex, nse niftySensex closed 28.69 points down at 28,423.48, while Nifty settled 11.55 points down at 8774.65. (Photo: PTI)


Benchmark indices closed flat after a volatile trading session on Thursday. Sensex closed 28.69 points down at 28,423.48, while Nifty settled 11.55 points down at 8774.65. In the 50-share index, GAIL, Lupin, Mahindra & Mahindra, HDFC and UltraTech Cement gained between 1.39 per cent and 2.22 per cent. On the other hand, Idea Cellular, Bharti Airtel, Reliance Industries, BHEL and BPCL slipped between 2.34 per cent and 11 per cent.

3.26 pm: Patel Engineering shares soared 20 per cent on Thursday after reports that debt of the company will reduce by more than 50 per cent on Cabinet decision on arbitration awards.

3.07 pm: Housing finance major HDFC on Thursday said it plans to raise up to Rs 1,000 crore through issuance of rupee denominated bonds to overseas investors. Shares of the company were trading 1.23 per cent up at Rs 1423.50. Sensex was trading 16.95 points down at 28435.22. Nifty was down 8.30 points at 8777.90.

2.16 pm: India’s manufacturing activity expanded at its fastest pace in 13 months in August, with pickup in demand from domestic and external markets. The seasonally adjusted Nikkei India Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – surged to 52.6 in August from 51.8 in July. Sensex was trading 84 points up at 28536.24. Nifty was up 24.55 points at 8810.75. RIL was trading 1.30 per cent down at Rs 1,044.25.

1.48 pm: Rajesh Exports (REL) has bagged an export order worth Rs 1,172 crore of designer range of gold and diamond studded jewellery & medallions from Singapore. The order is to be completed by December 2016. This order will be executed at the company’s manufacturing facility at Bangalore which is the world’s largest gold manufacturing facility. The manufacturing facility has an installed capacity to process 250 tons of jewellery & gold products per annum. REL is confident of completing this order well within the time frame, leveraging on its expertise, skilled craftsmen, artisans and its exceptionally strong backward integrated infrastructure. Shares of Rajesh Exports were trading 0.18 per cent up at Rs 442.35.

1.16 PM: Sensex was trading 15.52 points up at 28,467.

12.27 pm: Steel Strips Wheels (SSWL) posted 16 per cent growth in its total wheel rim sales to 12.93 lakh in August 2016 as compared to 11.14 lakh in August 2015. In terms of value, the company’s gross turnover was of Rs 116.41 crore in August 2016, as compared to Rs 119.44 crore in August 2015. Shares of SSWL were trading 0.43 per cent down at Rs 570.85. Sensex continued to trade flat in the afternoon trade. The 30-share index was down 0.08 per cent at 28429.49. Nifty was trading 12.45 points down at 8773.75.

11.42 am: Shares of Bharti Airtel and Idea Cellular were trading 5.92 per cent and 6.74 per cent down at Rs 312.20 and Rs 87.20, respectively. Read more: Telecom stocks like Bharti Airtel, Idea fall upto 8 per cent on Reliance Jio’s free voice call announcement

11.26 am: Sensex was trading 22.45 points up at 28,474.62. Nifty was trading 8.75 points up at 8,794.95. Reliance Industries (RIL) was trading 0.72 per cent up at Rs 1065.65.

11.04 am: Reliance Industries shares were trading 0.79 per cent up at Rs 1066.40 ahead of the company’s 42nd AGM. It is expected that the company may announce the launch date of its telecom venture Reliance Jio.

10.30 am: Maruti Suzuki shares were trading higher after the car major reported a rise of 12.2 per cent in its total car sales for the month of August 2016 at 1,32,211 units, as against 1,17,864 units in August 2015. The scrip was trading 0.31 per cent up at Rs 5068.30. Sensex was up 12.89 points at 28465. Nifty was trading 5.80 points up at 8,792.

10.00 am: Sensex was down marginally 5.69 points at 28446. Nifty was trading 4.45 points down at 8,781.45. In the 50-share index, ACC, Ambuja Cement, BPCL, Wipro and Aurobindo Pharma were down between 1.16 per cent and 1.70 per cent. On the other hand, Tata Power, GAIL, Bharti Infratel, ICICI Bank and Mahindra & Mahindra were up between 0.88 per cent and 1.41 per cent.

Read more: HCC shares surge over 18% on government moves leading to debt reduction

9.30 am: Among the sectoral indices on BSE, Auto, Consumer Durables, Metal, FMCG and Power index were up by 0.73 per cent, 0.65 per cent, 0.36 per cent, 0.33 per cent and 0.19 per cent, respectively.

9.17 am: In the 30-share index, Tata Motors, Mahindra & Mahindra, ICICI Bank and ITC were trading higher by 1.01 per cent, 0.90 per cent, 0.81 per cent and 0.75 per cent, respectively. Sensex was up 53 points at 28,505.

9.15 am: Domestic equity markets opened on a flat note on Thursday tracking SGX Nifty and mixed global cues. Sensex opened 6.92 points, or 0.02 per cent, up at 28459.09, while Nifty opened 7.40 points, or 0.08 per cent, up at 8793.60

Sensex and Nifty rallied for the third consecutive session on Wednesday, with Sensex surging over 109 points to end at a fresh 13-month high of 28,452.17 on sustained fund inflows.

On Wall Street, Dow Jones Industrial Average index closed 53.42 points down at 18,400.88. The S&P 500 settled lower by 5.17 points at 2,170.95. The Nasdaq Composite closed 9.77 points down at 5,213.22.

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