Sensex tanks 374 points on weak global cues, Nifty breaches 8,750; ONGC, Tata Motors, ICICI Bank slip

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New Delhi | Updated: September 26, 2016 3:40:58 PM

The BSE Sensex closed 373.94 points down at 28294. Nifty settled 108.50 points down at 8723.

Sensex, nifty, bse, nseThe BSE Sensex closed 373.94 points down at 28294. Nifty settled 108.50 points down at 8723. (Photo: Reuters)


The BSE Sensex closed 373.94 points down at 28294. Nifty settled 108.50 points down at 8723. According to market experts, apart from profit-booking, a weak trend in Asia on lower oil prices and decline on the Wall Street last week kept the domestic bourses on a sticky wicket on Monday. ONGC, Tata Motors, ICICI Bank, NTPC and Idea Cellular fell 4.43 per cent, 3.12 per cent, 3.04 per cent, 3.03 per cent and 2.85 per cent and stood among top losers in Nifty 50 pack.

Read more: 5 reasons that spooked markets today

3.14 pm: The 30-share index was down 385.34 points at 28282.88. Nifty was trading 116.30 points lower at 8715.25.

2.07 pm: Suven Life Sciences (Suven) has secured one product patent from India and one product patent from Japan corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases and these Patents are valid through 2026 and 2032 respectively. Shares of the company were trading 0.58 per cent up at Rs 189.60. Sensex was down 350 points at 28318.

Read more: 19 BSE Group ‘A’ stocks surged over 500% in past 3 years; SRF soared 1,100%

1.25 pm: Sensex plunged further and was trading 317.10 points down at 28,351.12

1.15 pm: Sensex was trading 278.53 points down at 28389.69. Nifty was down 80.60 points at 8751.45. Meanwhile, shares of Reliance Industries hit their fresh 52-week high of Rs 1128.90.

12.55 pm: Vardhman Textiles shares were trading higher after board of the company approved share buyback proposal. Read more

12.37 pm: Sensex was down 217 points at 28451.08. Nifty was trading 62.35 points down at 8769.20.

12.01 pm: Meanwhile, HPL Electric IPO has been subscribed 54 per cent on the last day of offer on Monday till 11.30 am.

1.40 am: Puravankara Projects is planning to raise up to Rs 1,500 crore by issuing non-convertible debentures (NCDs) for execution of its projects. The company has sought shareholders approval for raising funds and changing the name of the company through postal ballot. Earlier this month, the company reported 67 per cent decline in consolidated net profit at Rs 10.24 crore for the quarter ended June 30, 2016. Its net profit stood at Rs 30.72 crore in the year-ago period. Shares of Puravankara Projects were trading 0.42 per cent up at Rs 48.20.

11.24 am: Midcap and smallcap stocks were outperforming benchmark indices. The BSE Midcap index and BSE Smallcap index were up by 0.02 per cent and 0.11 per cent, while Sensex was down by 0.65 per cent in the late morning trade.

Read more: From FMCG to Dairy: These stocks can give you healthy return of upto 98%

11.07 am: Marksans Pharma soared over 10 per cent after it informed bourses that has received US Food & Drug Administration’s (USFDA) approval for an Abbreviated New Drug Application (ANDA) Loratadine Liquid Filled Capsules 10 mg.

10.49 am: Canara Bank is planning to raise additional equity share capital not exceeding Rs 1,128 crore, including premium, by way of rights issue. The Government of India’s contribution in the rights issue will be Rs 748 crore, while that of public shareholders will be Rs 380 crore. The scrip was trading almost flat at Rs 302.30. Sensex was down 133.59 points at 28534.63. Nifty was trading 37.75 points down at 8793.80.

10.08 am: Meanwhile, shares of GNA Axles listed on bourses. The scrip listed at a premium of 22 per cent on NSE against the issue price of Rs 207 and 20 per cent higher at Rs 248.50 on BSE. Sensex was trading 118.93 points down at 28,549. Nifty was down 37.20 points at 8,794. Read more

9.36 am: In the Nifty 50 index, Reliance Industries, Dr Reddy’s Labs, Power Grid, TCS and ZEEL were trading up between 0.45 per cent and 1.50 per cent. On the other hand, Ambuja Cement, ICICI Bank, ACC, BPCL and HDFC were down between 1.20 per cent and 1.67 per cent.

9.29 am: Dilip Buildcon has received Letter of Award (LoA) from Ministry of Road Transport and Highway (MORTH) on September 22, 2016 for the Project Eeppurpalem – Ongole in the state of Andhra Pradesh under EPC Mode. Shares of the company were trading 2.85 per cent up at Rs 242.

9.17 am: Meanwhile, BSE Sensex plunged over 150 points in the opening trade. However, the index was trading nearly 146 points down at 28522.25 (at 9.17 am). Nifty was down 39.10 points at 8,792.45. In the 50-share index,

9.15 am: Domestic equity markets opened in red on Monday tracking subdued global cues. The BSE Sensex opened 37.30 points, or 0.13 per cent, down at 28630.92, while Nifty opened 23.65 points down at 8,807.90.

Read more: 5 things you should know before market opens on Monday

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