Sensex pares initial gains, closes 70 points down, Nifty settles below 8,710; TCS, Lupin, Wipro gain

By: | Updated: September 27, 2016 3:46 PM

The BSE Sensex closed 70.58 points down at 28,223.70, while Nifty 50 index settled 16.65 points lower at 8706.40.

BSE Sensex, NSE Nifty, stock markets todayThe BSE Sensex closed 70.58 points down at 28,223.70, while Nifty 50 index settled 16.65 points lower at 8706.40.


The BSE Sensex closed 70.58 points down at 28,223.70, while Nifty 50 index settled 16.65 points lower at 8706.40. In the 50-share index, Aurobindo Pharma, TCS, Ambuja Cement, Wipro and Lupin gained between 1.09 per cent and 2.78 per cent. On the other hand, Adani Ports, Bharti Airtel, Hindalco, BPCL and Larsen & Toubro plunged between 1.53 per cent and 2.06 per cent.

3.21 pm: Bharat Financial Inclusion shares were trading higher in the late afternoon trade. The company is planning to raise Rs 750 crore through qualified institutional placement (QIP). The micro lender had on Thursday filed with the bourses the preliminary placement document in this regard. The Capital Raising Committee of the board passed the resolution to authorise the opening of the offer on Thursday. The floor price of the QIP offer has been set at Rs 769.95 an equity share.

2.55 pm: Nifty was down 27.55 points at 8694. Sensex was trading 104.31 points down at 28,189.

2.47 pm: NIIT has acquired the business of Bangalore-based start-up ‘Perceptron Learning Solutions’. The strategic acquisition will bring together complementary technology platforms and capabilities of NIIT and Perceptron, enabling NIT to further accelerate its Digital Transformation initiatives – StackRoute, digiNxt, and Shares of the company were trading 2.31 per cent up at Rs 99.80.

2.40 pm: Sensex was trading 65 points down at 28,229.21, while Nifty was down 16.05 points at 8,707.

1.56 pm: Sensex was trading 35.96 points up at 28330.24. Nifty was trading 8.25 points up at 8731.30. Shares of Rashtriya Chemicals & Fertilizers (RCF) were trading 0.55 per cent up at Rs 45.85. The company has formed a venture with Gujarat State Fertilizer Corporation (GSFC) and Faradast Energy Falat Company (FALAT) for the development of a 1.3-million-tonne (mt) urea plant at Chahbahar in Iran. The project entails investment of Rs 6,500 crore. The product will be shipped back to India.

BSE Sensex, NSE Nifty

1.12 pm: Vivimed Labs shares were trading 13.37 per cent up at Rs 97 in the afternoon trade. Sensex was up 42 points at 28336.92.

1 pm: Yes Bank, the country’s fifth largest private sector bank, will raise Rs 330 crore (approximately $50 million equivalent) through an issue of a 7-year Green Infrastructure Bonds to FMO, the Dutch Development Bank, on a private placement basis. FMO will be investing in the bank’s bonds through FMO’s own sustainable bonds. This is FMO’s first Investment in a Green Bond issued by a bank in India. Shares of the bank were trading 0.65 per cent up at Rs 1,244.

12.46 pm: Traders were seen piling position in realty, power, metal, consumer durables, banking, auto and information technology stocks. However, some selling pressure was visible in telecom and oil & gas stocks.

12.39 pm: European markets were trading higher. DAX and CAC were up by 0.49 per cent and 0.53 per cent, respectively.

12.28 pm: Anil Ambani on Tuesday said Reliance Capital expects to list its home finance arm separately by April 2017 while commercial lending and insurance arms can also be listed separately at an “appropriate time”. Shares of the company were trading 1.09 per cent up at Rs 572. Sensex was up 101 point at 28395.29. Nifty was up 31.20 points at 8,754.25.

Read more: ‘Anmol Effect’ has brought good luck to Reliance Capital shares: Anil Ambani

12.08 pm: Shares of Multi Commodity Exchange were trading higher by 8.52 per cent at Rs 1162. Read more

11.40 am: Himadri Speciality Chemical has commenced operations of its melting facility at Sambalpur in the state of Odisha. The company has set up this plant to cater the demand of the customers located in the surroundings of Sambalpur. Shares of the company were trading 0.88 per cent up at Rs 40.20. Sensex was trading 85.54 points up at 28,379.

Read more: Auto companies on top gear, buy these stocks ahead of festive season

10.43 am: Bank of India (BOI) has sold 18 per cent stake in the insurance joint venture (JV) Star Union Dai-ichi Life Insurance Company (SUD) to its Japanese partner ‘Dai-ichi Life Insurance Company (DILIC)’. Shares of the bank were trading 0.85 per cent down at Rs 116.80.

10.40 am: JET Knitwears IPO hit capital markets on Tuesday at a fixed price of Rs 39 per equity share. Shares of the company will be listed on NSE Emerge platform. The scrip is priced 3.9 times of its face value of Rs 10. Sensex was trading 47 points up at 28341.47.

10.38 am: Shares of IRB Infrastructure gained over 2 per cent after the company informed bourses that it has received letter of award from National Highways Authority of India (NHAI) for Rs 2,100-crore highway project in Rajasthan and Gujarat.

10.26 am: Vijaya Bank is reportedly adding 150 branches during the current financial year to the existing network of 1,950 branches. The bank had opened 246 branches, the highest for any public sector bank, during 2015-16. Shares of Vijaya Bank were trading 0.13 per cent up at Rs 40.05.

10.12 am: Mukta Arts shares were trading nearly 20 per cent up at Rs 102.15. The scrip jumped Subhash Ghai’s production house Mukta Arts informed bourses that it is planning to transfer its entire business of cinema division to its wholly-owned subsidiary Mukta A2 Cinemas. Sensex was trading 57.92 points up at 28352. Nifty was up 24.75 points at 8,747.

9.42 am: Meanwhile, Idea Cellular shares hit their fresh 52-week low of Rs 79.20.

9.40 am: In the 50-share index, Zee, Tata Steel, Tata Motors, TCS and Axis Bank were up between 0.98 per cent and 1.75 per cent. On the other hand, Bharti Airtel, Idea Cellular, Ambuja Cement, Tata Power, GAIL were down between 0.37 per cent and 0.96 per cent.

9.16 am: Sensex jumped further and was trading 129.24 points up at 28423.52. Nifty was up 29.25 points at 8752.30.

9.15 am: Domestic benchmark indices BSE Sensex and NSE Nifty opened higher on Tuesday tracking global cues. The BSE Sensex opened 78.74 points up at 28373.02, while Nifty opened 25.85 points up at 8749.90.

Asian markets recovered and the Mexican peso surged on Tuesday as investors seemed to award the first US presidential debate to Hillary Clinton over Donald Trump.

The UK stocks dropped on Monday, with the week starting off on risk-averse footing with energy shares under pressure as oil producers gather for industry talks. The FTSE 100 index fell 1.3 per cent setting negative tone for the week. Oil shares declined over oil producers meet in this week. The week’s downbeat start also came in as KPMG survey that showed more than three-quarters of CEOs at UK major corporations are considering moving their headquarters or operations out of Britain following the UK’s vote to leave the European Union. Domestic equity markets closed on a negative note on Monday following falling crude oil prices and weak economic data from US. Sensex tanked 374 points while Nifty ended below 8,750.

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