Home >Market >Stock-market-news >Sensex jumps 322 points, Nifty gains 1%; Cipla, Tata Motors, ITC, HUL top gainers
BSE Sensex closed higher on Wednesday. Photo: Hindustan Times
BSE Sensex closed higher on Wednesday. Photo: Hindustan Times

Sensex jumps 322 points, Nifty gains 1%; Cipla, Tata Motors, ITC, HUL top gainers

BSE Sensex closed higher by 322 points, or 1.02%, to 31,771, while the Nifty 50 rises 1.05%, to 9,897. Here are the latest updates and developments from the markets

Mumbai: The BSE Sensex jumped about 322 points on Wednesday to close at a one-week high of 31,770.89, while the NSE Nifty topped the 9,900-mark on unabated buying by domestic investors amid firm global cues on receding tensions between the US and North Korea. Sentiment remained upbeat for the better part of the day on account of positive leads from European markets before the release of the latest Federal Reserve minutes and British unemployment data. Stocks of consumer goods companies were back in the limelight on value-buying, recovering from recent losses sparked by worries over the impact from recently launched Goods and Services Tax (GST) in July.

Caution prevailed as retail or CPI inflation jumped more than expected to 2.36% in July, reducing the chances of another interest rate cut by the Reserve Bank of India, while wholesale inflation rose sharply to 1.88% in July, the first rise in five months.

The 30-share Sensex zoomed 321.86 points or 1.02% to close at 31,770.89, its highest closing since 9 August, when it had closed at 31,797.84. Intra-day, the gauge shuttled between 31,805.99 and 31,399.35. The NSE Nifty, which again went past the 9,900-mark to touch a high of 9,903.95 intra-day, finally settled 103.15 points, or 1.05% higher at 9,897.30. In line with the overall trend, small-cap index ended 1.31 per cent higher, while mid-cap index surged 1.26%. Stock exchanges were shut yesterday on account of “Independence Day".

3.30pm: BSE Sensex closed higher by 322 points, or 1.02%, to 31,771, while the Nifty 50 rises 103 points, or 1.05%, to 9,897. Cipla, Tata Motors, HUL, ITC and SunPharma are major gainers.

3.00pm: BSE Sensex trades higher by 336 points, or 1.07%, to 31,785, while the Nifty 50 rises 100 points, or 1.02%, to 9,894.

■ 2.30pm:Ujaas Energy lost 5.78% after net profit rose 1.9% to Rs7.40 crore on 8.1% growth in net sales to Rs106.87 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours on Monday, 14 August 2017.

■ 2.25pm: Godfrey Phillips India jumped 8.61% at Rs991, with the stock jumping with other shares of tea companies. The stock topped the gainers in ‘A’ group. On the BSE, 56,000 shares were traded on the counter so far as against the average daily volumes of 16,000 shares in the past two weeks.

■ 2.20pm: Torrent Pharmaceuticals jumped 8.22% at Rs1,318. The stock was the third biggest gainer in ‘A’ group. On the BSE, 27,000 shares were traded on the counter so far as against the average daily volumes of 7,964 shares in the past two weeks.

■ 2.15pm: National Aluminium Company rose 5.67% at Rs69.90. The stock was the fourth biggest gainer in ‘A’ group. On the BSE, 3.73 lakh shares were traded on the counter so far as against the average daily volumes of 6.02 lakh shares in the past two weeks.

■ 2.10pm: Info Edge (India) clocked volume of 5.82 lakh shares by 13:59 IST on BSE, a 457.03-times surge over two-week average daily volume of 1,000 shares. The stock declined 1.93% at 956.70.

■ 2.05pm: VA Tech Wabag notched up volume of 3.1 lakh shares, a 22.2-fold surge over two-week average daily volume of 14,000 shares. The stock advanced 1.69% at 633.60.

■ 2.00pm: GTPL Hathway saw volume of 7.58 lakh shares, a 16.41-fold surge over two-week average daily volume of 46,000 shares. The stock was up 3.78% at 147.

■ 1.50pm: Gujarat Pipavav Port clocked volume of 10.01 lakh shares, a 9.65-fold surge over two-week average daily volume of 1.04 lakh shares. The stock rose 0.25% at 140.60.

■ 1.40pm: Gitanjali Gems saw volume of 9.65 lakh shares, a 9.52-fold rise over two-week average daily volume of 1.01 lakh shares. The stock advanced 2.67% at 63.50.

1.30pm: BSE Sensex trades higher by 233 points, or 0.74%, to 31,682, while the Nifty 50 rises 72 points, or 0.74%, to 9,866. Biocon shares fall 6.7% to trade at Rs325.70 on BSE.

1.05pm: BSE Sensex trades higher by 170 points, or 0.54%, to 31,620, while the Nifty 50 rises 46 points, or 0.47%, to 9,840.

■ 1.00pm: Shares of Tata Power gained as much as 5.09% to Rs83.55 per share after announcement of a 126% jump in Q1 profits from an year earlier as analysts expect a turnaround in earnings due to gains from its coal business and possible sale of some non-core assets to cut debt.Trading volume was more than 14 times the 30-day average of 7,735.

■ 12.50pm: Shares of Kolte-Patil Developers gained as much as 4.78% to Rs169.90 per share after the company announced that it has successfully completed a strategic divestment of its land parcel in Wakad, Pune for Rs161 crore.

■ 12.40pm: Omkar Speciality Chemicals gained as much as 10.49% to 89 on BSE after net profit rose 37.6% to 7.65 crore on 6.7% increase in net sales to 85.95 crore in Q1 June 2017 over Q1 June 2016.

■ 12.35pm: Reliance Industries declined 1.27% to 1,553.10 on BSE after reports suggested that the government has disallowed the company and partners to recover $264 million of cost of developing KG-D6 fields for 2015-16.

12.32pm: BSE Sensex trades higher by 101 points, or 0.32%, to 31,550, while the Nifty 50 rises 23 points, or 0.26%, to 9,820.

12.02pm: BSE Sensex trades higher by 68 points, or 0.22%, to 31,517, while the Nifty 50 rises 13 points, or 0.13%, to 9,807.

■ 11.50am: Religare Enterprises lost as much as 10.64% to Rs73.90 per share after it clocked a volume of 1.47 lac shares traded against 1.13 lac from the beginning of this month.

■ 11.45am: Shares of Biocon lost as much as 7.8% to Rs322 per share after it recorded a sharp surge in volumes of 5.5 lac against 30 day average of 4.99 lac shares.

■ 11.30am: Simplex Infrastructures gained as much as 7.52% to Rs500.15 after net profit spurted 67% to Rs28.73 crore on 7.4% increase in net sales to Rs1,511.89 crore in June Quarter against June Quarter last year.

■ 11.20am: Shares of Granules India gained as much as 5.62% to Rs123 per share after it reported a 6% rise in its reported net profit to Rs33.78 crore for the June quarter. The stock gained for the third consecutive day.

■ 11.15am: Mahanagar Telephone Nigam Ltd gained as much as 4.46% to 18.75 per share after its net loss narrowed to 03.17 crore in the June quarter from 18.02 crore for the same quarter last year.

■ 11.00am: Speciality Restaurants gained as much as 4.58% to 116.30 after the company announced that it has opened a new Sweet Bengal confectionery at Bandra West, Mumbai.

■ 10.45am: Shares of Prestige Estates gained as much as 6.78% to 276.30 per share after it reported its net Profit growth of 70% in the June quarter to 119 crore against 70 crore for the same quarter last year. Revenue grew 35.42% to 1, 279.6 crore for the June quarter against 944.9 crore for the corresponding June quarter last year.

10.33am: BSE Sensex trades higher by 36 points, or 0.12%, to 31,485, while the Nifty 50 rises 5 points, or 0.05%, to 9,799.50.

■ 9.50am: Shares of JK Tyre & Industries lost as much as 7.77% to 40 per share after it reported on a consolidated basis, net loss of 117.21 crore in June 2017 against a net profit of 00.47 crore in Q1 June 2016. Total income fell 14.9% to ,942.86 crore in Q1 June 2017 over Q1 June 2016.

■ 9.45am: Shares of Unitech Ltd gained 5.96% to Rs8.35 per share after loss for the June quarter narrowed to Rs42.4 crore from Rs54.4 core for the same quarter last year.

■ 9.40am: Tata Global Beverages gained as much as 5.9% to Rs189.25 per share its premium natural mineral water brand ‘Himalayan’, will now enter the USA market in a phased manner, through an agreement with Talking Rain Beverage Company, makes the first premium Indian FMCG brands to target the broader American audience.

9.36am: Shares of Tasty Bite Eatables gained as much as 8.7% to Rs6,137 per share after Mars Food is set to acquire Preferred Brands International, a Stamford, Connecticut-based, fully integrated manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite brand.

9.33am: Motherson Sumi gained as much as 4.21% to Rs337.65 per share after Macquarie gained ‘Outperform’ rating on the stock with a target of Rs400 per share, a upside of 25%.

9.30am: BSE Sensex trades higher by 54 points, or 0.17%, to 31,503, while the Nifty 50 rises 20 points, or 0.21%, to 9,814. IT stocks rise in the opening trade on the strength of Cigniti Technologies that rises by over 9% to trade at Rs200 on BSE.

9.20am: Asian Paint, Coal India and Larsen & Toubro (L&T) are major losers with losses to the tune of 1.42%, 1.52%, and 1.84%, respectively.

9.15am: Adani Ports, Hindustan Unilever (HUL) and HDFC are major gainers with gains to the tune of 1.38%, 1.34%, and 1.26%.

9.08am: At 9.08am, the rupee was trading at 64.26 a dollar, down 0.21% from its Monday’s close of 64.12. The rupee opened at 64.28 a dollar and touched a high and a low of 64.26 and 64.30, respectively.

9.05am: The 10-year bond yield was trading at 6.50% compared to its previous close of 6.52%. Bond yields and prices move in opposite directions.

9.00am: Asian currencies were trading lower. South Korean won fell 0.56%, Taiwan dollar 0.14%, Philippines peso 0.14%, Indonesian rupiah 0.12%,Thai baht 0.054%, Singapore dollar 0.044%,China renminbi 0.033%, China offshore 0.040% and Malaysian Ringgit was down 0.023%. However, Japanese yen gained 0.09% and Hong Kong dollar 0.009%.

With inputs from PTI

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