MUMBAI :Mumbai: BSE Sensex and NSE Nifty closed about 1% lower on Friday as the countries gross domestic data (GDP) failed to boost the market. All the sectoral indices ended lower with realty, utilities, metal and telecom suffering most. Twenty seven out of 30 stocks in the BSE basket closed lower with Adani Ports, Bajaj Auto, Bharti Airtel and Sun Pharma among the major losers. Shares of Kotak Bank, NTPC and Maruti were the top gainers.India’s GDP growth quickened to 6.3% in the September quarter, up from a three-year low of 5.7% in the June quarter, shaking off the lingering effects of demonetisation last year and goods and service tax rollout on 1 July. On Thursday, both the benchmark indices shed 1.3% after India’s fiscal deficit reached 96% of the budgeted target for the fiscal year ending in March 2018. Here are the latest updates from the markets:
Closing bell
BSE Sensex closed lower by 316.41 points, or 0.95%, to 32,832.94, while the Nifty 50 fell 104.75 points, or 1.02%, to close at 10,121.80.
European shares open lower
European stocks dropped at the start of the last month of 2017 following a lackluster session in Asia, reported Bloomberg. The European Stoxx 600 fell 0.6%. UK’s FTSE declined 0.2%. Germany’s DAX sank 0.7%. Futures on the S&P 500 Index sank 0.3%.
Sensex, Nifty extend losses
BSE Sensex plunged 284.30 points, or 0.86%, to 32,865.05, while the Nifty 50 fell 81.70 points, or 0.80%, to 10,144.85.
Market update
BSE Sensex traded lower by 86.75 points, or 0.26%, to 33,062.60, while the Nifty 50 fell 31.20 points, or 0.31%, to 10,195.35.
Mahindra November vehicles sales rise 18%
Mahindra and Mahindra Ltd said its November total vehicle sales stood at 38,570 unit, up 18.44% from 32,564 units during the same month last year. The company’s domestic sales rose 21% to 36,039 unit in November. Exports for November increased 6% to 2,531 units. Shares rose 0.50% to Rs1,417.50.
Market update
BSE Sensex traded lower by 14.13 points, or 0.04%, to 33,135.22, while the Nifty 50 fell 11.35 points, or 0.11%, to 10,215.20
Sectoral indices’ performance
Among the sectoral indices, capital goods gained most at 0.68%, followed by FMCG, which was up 0.62%, industrials 0.52%, consumer durables 0.47% and auto 0.45%. On the losing side, utilities fell most at 0.57%, followed by metal 0.50 and oil and gas 0.30.
Cadila Healthcare unit receives tentative approval from USFDA
Cadila Healthcare said Zydus Pharmaceuticals (USA) Inc. received tentative approval from the USFDA to market Pregabalin capsules used for management of certain kinds of seizures, neuropathic pain and fibromyalgia. Shares traded 0.17% to Rs430.15.
Sensex, Nifty erase gains
BSE Sensex traded lower by 75.90 points, or 0.23%, to 33,073.45, while the Nifty 50 fell 21.90 points, or 0.21%, to 10,204.65.
India’s November factory activity growth strongest in 13 months
November’s Nikkei/IHS Markit Manufacturing Purchasing Managers’ Index rose to 52.6 from 50.3 in October, above all forecasts in a Reuters poll which had predicted a more modest rise to 51.0. Anything above 50 indicates growth. The reading was the strongest in 13 months.
India November factory PMI fastest since late 2016 demonetisation shock https://t.co/sYck9hMdfU
— Livemint (@livemint) December 1, 2017
IL&FS shares rise on winning new order
IL&FS Engineering and Construction Co. Ltd rose 4.91% to Rs51.25 after the company said it won road contract worth Rs580 crore in Maharashtra.
Market update
BSE Sensex traded higher by 43.26 points, or 0.13%, to 33,192.61, while the Nifty 50 rose 17.05 points, or 0.17%, to 10,243.60.
SAIL shares rise on brokerage firm upgrade
Steel Authority of India Ltd rose 5% to Rs80.60 after brokerage firm PhilipCap has upgraded the stock to Buy from Sell and increased its target price to Rs120 a share from Rs44.
Maruti Suzuki India shares gain on positive sales data
Maruti Suzuki India Ltd rose 1% to Rs 8682.45 after the company reported 14.1% increase in its November sales to 1.55 lakh units from a year ago.
Dr. Reddy’s Labs unit receives new drug approval
Dr, Reddy’s Laboratories said its unit Promius Pharma Ltd received new drug approval for Impoyz cream used for the treatment of moderate to sever plaque psoriasis in patients 18 years of age or older. Shares fell 0.39% to Rs2,277.45.
Bharti Airtel shares fall on UIDAI probe
Bharti Airtel said it has received a notice from the Unique Identification Authority of India (UIDAI) and is preparing a response to the authority. The company made the disclosure in a BSE filing in response to a Times of India report that UIDAI has ordered a probe against Airtel for violating Aadhaar Act and has also threatened to fine the telecom service provider. Shares traded 0.87% lower at Rs492.55.
Bajaj Auto total sales rise 21% in November
Bajaj Auto Ltd said its total vehicle sales for November rose 21% to 326,458. The company’s November motorcycle sales stood at 263,970 units from 237,757 unit last year. Shares traded 0.45% higher at Rs3,326.45.
UFO Moviez India shares fall 3.3% on net profit
UFO Moviez India Ltd fell 3.3% to Rs470 after the company said it reported 43% decline in its net profit to Rs11.30 crore.
Market update
BSE Sensex traded higher by 88.02 points, or 0.27%, to 33,237.37, while the Nifty 50 rose 24.90 points, or 0.24%, to 10,251.45.
Biocon shares rise over 3%
Biocon Ltd rose 3.2% to Rs446 after the company said the European Medicines Agency accepted Mylan’s MAA review for its cancer treatment.
Laurus Labs shares gain 4% on USFDA approval
Laurus Labs Ltd rose 4% to Rs543.45 after the company said it got maiden tentative approval from USFDA for Tenofovir Disoproxil Fumarate tablets. Drug is used for the treatment of HIV-1 infection in adults and paediatric patients 2 years of age and under.
LT Foods shares jump 5% on expansion plan
LT Foods Ltd rose 5% to Rs73.45 after the company said it will strengthen presence in European market. Plans to invest $20 million for overall branding and expansion.
Sensex, Nifty open higher
BSE Sensex opened higher by 115.18 points, or 0.35%, to 33,264.53, while the Nifty 50 rose 36.50 points, or 0.36%, to 10,263.05.
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