3.30 pm: Sensex closed 91.46 points, or 0.33 per cent, down at 27985.54, while Nifty 50 index settled 37.75 points down at 8,629.15.

3.20 pm: NTPC was trading 2.13 per cent down post Q1 numbers. Sensex was down 101 points at 27,975. Nifty was trading 40.90 points down at 8626.

2.39 pm: Indraprastha Gas shares were trading 1.87 per cent higher at Rs 712.20 after it reported 44.39 per cent increase in its net profit at Rs 148.01 crore for the quarter ended June 30, 2016 against Rs 102.51 crore in the same quarter last year. Sensex was down 59.75 points, or 0.21 per cent, at 28017.25. Nifty was down 24.20 points at 8,642.70.

1.58 pm: Shipping Corporation of India was trading 1.42 per cent down at Rs 69.60. Of late, the company registered 72.56 per cent fall in its net profit at Rs 55.91 crore for the quarter as compared to Rs 203.78 crore for the same quarter in the previous year.

1.43 pm: Jindal Steel and Power (JSPL) has secured long-term linkage of 1.18 million tonne per annum (MTPA) for its state-of-the-art captive power generation plants in Dongamahua and Raigarh in Chhattisgarh. The long-term coal linkage for a period of 5 years has been secured during the recent coal linkage auctions. Shares of the company were trading 1.14 per cent down at Rs 86.80. Sensex was down 74 points at 28,002.

12.47 pm: Sensex was trading 127 points down at 27949. Nifty was down 43 points at 8,623.

12.08 pm: Meanwhile, Saravana Kumar, CIO, LIC MF on the appointment of Urjit Patel said, “Patel’s appointment should bring cheer for markets as there won’t be major disruption in the RBI policies. He would strive to have a stable currency and a well managed inflationary environment as the current outgoing governor has been doing. In the current scenario of ongoing structural reforms, we expect equity markets to be positive or at the most sideways till some further trigger. Since Patel has not spoken much on the non-performing assets (NPA) issue, markets will want to hear more from him on that front.”

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11.44 am: Sensex was trading 155.28 points down at 27,921.72. Meanwhile, RBL Bank IPO was oversubscribed by 1.03 times on the second day of offer till 11.00 am. The issue received bids for 391,33,315 shares against 3,79,01,919 shares offered by the private lender, according to the data available with stock exchanges. Nifty was down 45.20 points at 8,621.

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10.50 am: Sensex was trading 107 points down at 27,969. Nifty was trading 37.85 points down at 8,629.05. In the 50-share index, Bank of Baroda, State Bank of India, Hindalco, Aurobindo Pharma and Ambuja Cement were up between 1.44 per cent and 4.15 per cent. On the other hand, Eicher Motors, Bharti Infratel, TCS, Coal India and Lupin were down between 1.15 per cent and 1.90 per cent.

10.04 am: Sensex slid 70 points to 28006.67. Nifty was trading 28.80 points down at 8638.10. Oberoi Realty shares were trading 4.50 per cent higher after the real estate major reported 32.89 per cent increase in net profit at Rs 108.88 crore for the quarter ended June 30, 2016 against Rs 81.93 crore in the corresponding quarter a year ago.

9.37 am: Fortis Healthcare on Friday announced that its board has approved demerger of its diagnostics business into another group firm Fortis Malar Hospitals, a move aimed at ensuring independent growth of hospital as well as diagnostics business verticals. Cheering the announcement, shares of Fortis Malar Hospitals soared 20 per cent to Rs 68.50 in the early trade.

9.33 am: Indian rupee was trading 12 paise down at 67.18 against dollar in the early trade on Monday.

9.31 am: Punjab National Bank (PNB) has made locker visiting facility free for its customers. Shares of the public sector bank was trading 0.27 per cent up at Rs 128.50 in the early trade.

9.23 am: Welspun India tanked 20 per cent to Rs 82.30 in the morning trade. Sensex was trading 64.43 points up at 28,141.43. Nifty was up 15.25 points at 8682.15.

9.15 am: Sensex opened 11.07 points up at 28,088.07, while Nifty opened 0.10 points up at 8,667. Sun TV was trading 2.47 per cent down at Rs 470.40 after Q1 results.

PRE-MARKETS

Domestic benchmark indices BSE Sensex and NSE Nifty are likely to open higher on Monday after the government appointed Urjit Patel as next governor of the Reserve Bank of India. Nifty futures on the Singapore Stock Exchange (SGX Nifty) also indicates positive opening on Monday. At 8.01 am (IST), SGX Nifty was trading 10 points up at 8,698. Asian peers were trading mixed in the morning trade. Hang Seng and Shanghai were down by 0.09 per cent and 0.36 per cent, respectively. However, Nikkei was trading higher by 0.29 per cent in the morning trade.

Dhananjay Sinha, head-institutional research, economist and strategist, Emkay Global Financial Services said, “Appointment of Urjit Patel as the governor of RBI sends a positive signal because of his professional approach in the conduct of the monetary policy. Being the architect of the committee on monetary policy reform, his appointment indicates independent policy making.”

On Wall Street, Dow Jones Indusrial Average Industries closed 0.24 per cent down at 18552.57. Nasdaq Composite index also dipped marginally 0.03 per cent to 5.238.38.

BSE Sensex slipped 46.44 points to 28077 on Friday on account of profit booking amid weaker opening in European markets and a mixed closing in Asia. NSE NIfty closed 6.35 points down at 8666.90.

Sun TV Network on Friday reported a 19 per cent rise in bottomline figures at Rs 233.1 crore for the first quarter ended June 30, 2016 against Rs 195.8 crore in the same period last year.

Drug firm Claris Lifesciences on Friday reported a 14.3 per cent increase in its consolidated net profit at Rs 22 crore for the first quarter ended June 2016.

(With agency inputs)