Sensex slips 248 points, Nifty settles below 8,870; Patel Engineering hits upper circuit, YES Bank plunges

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New Delhi | Updated: September 9, 2016 3:43:53 PM

The BSE Sensex closed 248.03 points down at 28,797.25, while NSE Nifty settled 88 points lower at 8864.50.

BSE Sensex, NSE NiftyThe BSE Sensex closed 248.03 points down at 28,797.25, while NSE Nifty settled 88 points lower at 8864.50. (Reuters)

CLOSING BELL

Domestic benchmark indices BSE Sensex and NSE Nifty ended in red on Friday on account of feeble global cues as investors booked profits following reports of a nuclear test in North Korea and amid uncertainty over the European Central Bank’s (ECB) future policy steps. The BSE Sensex closed 248.03 points down at 28,797.25, while NSE Nifty settled 88 points lower at 8864.50.

nse nifty stock markets todaySource: NSE

3.22 pm: Saravana Securities D Sathyamoorthi has bought 5 lakh shares of Patel Engineering through open market route. The shares were purchased on an average price of Rs 89.09 valuing the transaction to Rs 4.45 crore. On the other hand, BP Fintrade has sold 84,974 shares in the company for an average price of Rs 92.10 through open market route. Shares of the company hit upper circuit on Friday and surged 10 per cent to Rs 102.95. Sensex was down 256 points at 28,788.93. Nifty was trading 88.25 points down at 8864.25.

2.58 pm: Motherson Sumi Systems shares were trading higher in the afternoon trade after the auto parts maker and engineering group launched a share sale to institutions worth up to Rs 2,000 crore ($300 million). The company is selling shares in a price range of Rs 317 to Rs 327.95 per shares. The scrip was trading 0.44 per cent up at Rs 329.60. Sensex was down 196.58 points at 28,848.

2.18 pm: Sensex was trading 158 points down at 28,887. The BSE Midcap and BSE Smallcap index were down by 0.33 per cent and 0.05 per cent, respectively.

2.06 pm: Maruti Suzuki shares were trading 1.38 per cent down at Rs 5407 in the afternoon trade on Friday. With a number of shareholders asking for a stock-split, country’s largest carmaker Maruti Suzuki India on Thursday said it will put the matter before the company’s board for taking it forward. Sensex was trading 193 points down at 28,851.

1.39 pm: Amtek Auto on Thursday sought the approval of shareholders to allow banks to convert the company’s debt – either wholly or parly – up to an amount of Rs 20,000 crore into equity. The Rs 20,000 crore limit includes any loans taken in the future. Shares of the company were trading 0.54 per cent down in the afternoon trade. Sensex was down 184 points at 28861. Nifty was trading lower by 52.90 points at 8,899.

12.56 pm: YES Bank shares were trading 1.42 per cent down at Rs 1311.75. The bank has deferred its plans to raise $1 billion, citing extreme volatility in trading due to misinterpretation of new QIP guidelines.

12.16 pm: Husys Consulting has come out with an IPO of 6,08,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 69 per equity share. The issue opens on September 9, 2016 and will close on September 19, 2016. The shares will be listed on NSE Emerge platform.

12.15 pm: Reserve Bank of India (RBI) has notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 per cent of the paid up capital of Crompton Greaves Consumer Electricals (CGCEL) under the Portfolio Investment Scheme (PIS). The company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs. Shares of the company were trading 0.55 per cent up at Rs 164.55.

12.11 pm: Sensex was trading 250.49 points down at 28,794.79, while Nifty was down 78.40 points at 8874.10.

12.06 pm: In a massive reorganisation, Infosys is reportedly splitting itself into 12-15 smaller business units, each with revenue of $500-$700 million, its own sales heads and P&L (profit & loss) responsibilities. The move will help the company in better market penetration and in client management. Shares of the company were tradng 0.52 per cent down at Rs 1032.55.

11.21 am: Financial Technologies shares were trading 15.88 per cent up at Rs 90.50. The company on Thursday reported a net profit of Rs 12.36 crore for the quarter ended June 30, 2016 against net loss of Rs 45.32 crore in the year-ago period. Sensex was trading 216 points down at 28,828.

10.56 am: Bombay Dyeing shares soared over 6 per cent on Friday after it informed bourses that the board of directors of the company at its meeting held on September 08 has approved the Scheme of Amalgamation of Archway Investment Company, wholly owned subsidiary with the company. The scrip was trading 6.61 per cent up at Rs 53.25.

10.20 am: Sensex was trading 230.93 points down at 28814.35. Nifty breached the psychological mark of 8,900 and was trading 77.50 points down at 8,875.

10.15 am: Meanwhile, ICICI Bank informed bourses that the proposed IPO of its subsidiary, ICICI Prudential Life has been approved by registrar of companies, Maharashtra at Mumbai, on September 8, 2016. The offer will be open for subscription to public on Monday, September 19, 2016 and shall close on Wednesday, September 21, 2016. The price band has been fixed between Rs 300 to Rs 334 per equity share.

9.48 am: Zensar Technologies shares were trading 8 per cent higher after it announced that the company has secured digital transformation project from Avis Fleet in South Africa. Spread over a time-period of two years, it involves adding scalability and agility to the company’s strategic technology roadmap. The company will leverage its digital technology skills and expertise to enable Avis Fleet in improving overall customer experience and visible enhancement in the quality of service. The key business objective is to secure and grow its market leadership position in this field across Africa.

9.22 am: In the 50-share index, Eicher Motors, Aurobindo Pharma, Tata Power, TCS, ONGC were trading up between 0.19 per cent and 0.35 per cent. On the other hand, Hero MotoCorp, Bharti Infratel, Adani Ports, YES Bank and BHEL were down between 0.34 per cent and 0.65 per cent.

9.16 am: Sensex was trading 112.36 points down at 28932.92. Nifty was down 36.90 points at 8915.60. Jindal Steel and Power was trading 3.93 per cent down at 83.15. Tata Consultancy Services was trading 0.77 per cent up at 2339.

9.15 am: Benchmark indices BSE Sensex and NSE Nifty opened on a flat note on Friday. Sensex opened 17.62 points up at 29062.90, while Nifty opened 18.20 points down at 8934.30. The 30-share index closed above 29,000-level for the first in 17 months after rising 119 points on Thursday on buying in realty and auto stocks, while IT stocks took a heavy beating following TCS’ outlook warning.

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