Sensex plunges 465 points on surgical strikes by India on Pakistan terror camps

By: | Updated: September 29, 2016 3:40 PM

The BSE Sensex closed 465.28 points down at 27827.53 on Thursday, while Nifty settled 153.90 points down at 8591.25.

BSE Sensex, NSE Nifty, stock markets todayThe BSE Sensex closed 465.28 points down at 27827.53 on Thursday, while Nifty settled 153.90 points down at 8591.25.

CLOSING BELL

The BSE Sensex closed 465.28 points down at 27827.53 on Thursday, while Nifty settled 153.90 points down at 8591.25. Benchmark indices plunged after Defence Ministry confirmed that India conducted surgical strikes on Pakistan terrorist camps on Wednesday night in the aftermath of Uri attack in which 18 Indian army soldiers were killed. In the Nifty 50 index, Bharti Infratel, TCS, ITC, M&M and ONGC gained between 0.23 per cent and 3.37 per cent. On the other hand, BHEL, Adani Ports, Hindalco, Aurobindo Pharma and Bank of Baroda dipped between 3.98 per cent and 7.51 per cent.

3.11 pm: Nettlinx, the Hyderabad-based internet infrastructure company, has raised $3 million (Rs 20 crore) from strategic investors, who will enrich the company’s prospects in acquiring European industrial companies.

2.32 pm: Sensex was down 538.59 points at 27,754. Nifty was trading 171.85 points down at 8573.30.

Read more: Sensex crashes today on surgical strikes on Pak terror camps, may fall further if Indo-Pak tension rises

2.06 pm: Global brokerage major Credit Suisse is ‘underweight’ on Indian equities and said that the country is one of the four most overvalued markets along with Indonesia, the Philippines and Malaysia.

1.41 pm: Sensex wiped off some of their losses and was trading 291.88 points down at 28,000.93. Nifty was down 92.45 points at 8,652.70.

1.08 pm: Niti Aayog chief Amitabh Kant to CNBC TV18 said markets should take Indian government surgical strike in a positive manner. Sensex reclaimed 28,000 mark after a knee-jerk reaction.

1.01 pm: 49 components in the Nifty index were trading in red. BHEL, Aurobindo Pharma, Tata Power, ICICI Bank and Bank of Baroda were down by 6.36 per cent, 5.03 per cent, 4.66 per cent, 4.24 per cent and 4.13 per cent. Bharti Infratel and TCS were up by 0.34 per cent and 0.32 per cent, respectively.

BSE Sensex, NSE Nifty, Uri attack, Source: NSE Nifty

12.59 pm: India VIX at 3-month high and trading above 50, 100 and 200 DMAs.

12.52 pm: Smallcap and midcap stocks were beaten down very badly in the ongoing sell-off. The BSE Midcap and Smallcap index were down 3.58 per cent and 4.10 per cent, respectively. The BSE 100 and BSE 200 index were down by 1.76 per cent and 1.91 per cent.

12.48 pm: Defence stocks such as BEML, Bharat Forge, Reliance Defence and Bharat Electronics were down by 4.81 per cent, 6.77 per cent, 5.25 per cent and 1.76 per cent, respectively.

12.36 pm: Sensex was down 531.09 points at 27761.72. Nifty was down 96.55 points at 8648.60.

12.17 pm: Sensex was trading almost flat at 28290. Nifty was up 6.52 points at 8,751. ICICI Prudential was trading 8.47 per cent down at Rs 305.70 against the issue price of Rs 334.

12.01 pm: Dhanuka Realty is coming out with an initial public offering (IPO) of 10,56,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 40 per equity share. The issue will open on September 30, 2016 and will close on October 06, 2016. The shares will be listed on NSE Emerge platform.

The company will use the issue proceeds for meeting working capital requirement, meeting issue expenses and general corporate purpose. The book running lead manager to the issue is HEM Securities, while the compliance officer for the issue is Ankit Sain.

11.33 am: Sensex was trading 52.16 points up at 28344.97, while Nifty index was up 19.95 points up at 8765. MCX hit new 52-week high of Rs 1,400 today. The scrip moved higher after Sebi allowed options trading on commodity bourses.

11.12 am: Tata Motors and Hindustan Petroleum Corporation (HPCL) have launched the high performance range of HP Tata Motors Genuine Oil (HP TMGO), exclusively developed for Tata Motors passenger vehicles in the Indian market. HP TMGO range includes Engine Oils, Gear Oils, Steering and Transmission Fluids, Coolants, Brake Fluids and Greases. Shares of Tata Motors were trading 0.72 per cent up at Rs 543.75.

10.24 am: Hindustan Copper shares slipped over 3 per cent after it announced that the government will sell 7 per cent stake in the company, potentially raising Rs 402 crore. Read more

10.12 am: Meanwhile, shares of ICICI Prudential listed on BSE and NSE. The scrip listed at Rs 329 on BSE and at Rs 330 on NSE against the issue price of Rs 334. Sensex was trading 91.80 points up at 28384. Nifty was up 30.65 points at 8,775.

9.57 am:  Indian rupee appreciated by 3 paise to 66.43 against the US dollar in early trade on Thursday at the Interbank Foreign Exchange on continued selling of dollar by exporters and banks amidst higher opening in the domestic equity market.

9.36 am: Larsen & Toubro’s (L&T) construction arm — L&T Constructions has bagged orders worth Rs 2,046 crore across various business segments. Under Power Transmission & Distribution Business, the business has won engineering, procurement and construction orders worth Rs 826 crore. The scope of work includes construction of projects for rural electrification under the Integrated Power Development Scheme, extra high voltage substations and overhead transmission lines across various locations in India. L&T was trading 0.74 per cent up at Rs 1466.05. Sensex was up 148 points at 28,441. Nifty was up 45.70 points at 8,790.85.

9.31 am: In the 30-share index, ONGC, Reliance Industries, GAIL, Adani Ports and Bajaj Auto were up between 1.05 per cent and 2.45 per cent. On the other hand, Bharti Airtel, Wipro and NTPC were down between 0.03 per cent and 0.77 per cent.

9.16 am: Sensex jumped 167 points and was trading at 28459.77. ONGC and Reliance Industries were trading higher by 1.67 per cent and 1.22 per cent.

9.15 am: Sensex opened 130.33 points, or 0.46 per cent up at 8792.70, while Nifty opened 47.55 points, or 0.54 per cent, up at 8,792.70.

PRE-MARKETS

The BSE Sensex and NSE Nifty are likely to open in green on Thursday tracking firm global cues. Domestic equity markets snapped a three-day losing streak on Wednesday on account of buying in realty, banking and auto stocks amid positive European cues.

The US markets ended higher on Wednesday despite fluctuating through the day and the major averages managed to add to the notable gains posted in the previous session, supported by gains in crude prices.

ICICI Prudential Life Insurance, which recently concluded its Rs 6,057-crore IPO, will make its stock market debut today, becoming the first insurer to list.

According to the data released by the NSE, the Foreign Institutional Investors (FIIs) stood net buyer of Rs 1565.20 crore in index futures and options segments, as per Wednesday’s data, September 28, 2016. FIIs were net buyers of index futures to the tune of Rs 134.78 crore and net buyers of index options worth Rs 1430.43 crore. In the stock segment, FII’s were net sellers of stock futures worth Rs 356.59 crore, while they bought stock options worth Rs 129.99 crore.

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