BackSensex closes 0.42% higher at 25,150.35
The Sensex closes up 105.92 points, or 0.42%, at 25,150.35, while the Nifty closes 39.60 points, or 0.52%, higher at 7,650.05
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4pm: The S&P BSE Sensex ends up 105.92 points, or 0.42%, at 25,150.35, while the Nifty closes 39.60 points, or 0.52%, higher at 7,650.05.
2:19pm: Markets trim gains to trade flat. The S&P BSE Sensex is now up just 8.96 points, or 0.04%, at 25,053.39, while the Nifty rises 11 points, or 0.14%, to 7,621.45.
2:06pm: The rupee is currently trading at 67.01 per US dollar, down 0.16% from its previous close of 66.90. The local unit had opened the session at 67.06 per US dollar and touched a low of 67.07—a level last seen on 4 September 2013.
1:55pm: GVK Power and Infrastructure Ltd gains 6.4% to ₹ 8.43 after a CNBC-TV18 report said that the company is planning to restructure its Mumbai and Bangalore airport debt via 5/25 scheme.
1:44pm: IL&FS Engineering and Construction Co. Ltd climbs 8% to ₹ 64.40 after the company said in a notice to BSE that it got metro rail order in Gujarat worth ₹ 374.64 crore.
1:35pm: Shares of fertilizer companies are trading higher. Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC) is up 3.4%, Chambal Fertilisers and Chemicals Ltd 1%, Rashtriya Chemicals and Fertilisers Ltd 2.22% and National Fertilizers Ltd 6.1%.
1:26pm: Just Dial Ltd falls 3.3% to ₹ 860.25 after NSE bulk deal data showed that Sequoia Capital India Investments III sold 11.12 million shares of the company at an average price of ₹ 900 apiece.
1:18pm: Public sectors banks are trading higher after CNBC TV18 reported that Reserve Bank of India (RBI) will discuss bad loan rules with 20 public sectors bank chiefs later today. Bank of Baroda is up 1.5%, Andhra Bank 1.3%, Bank of India 1.3%, IDBI Bank 1.2%, Allahabad Bank 1.2%, Punjab National Bank 1.1%, Oriental Bank of Commerce 0.8% and Indian Overseas Bank 0.5%.
1:11pm: After falling 2.6% in morning trade, Mahindra and Mahindra Ltd erases all the losses and was trading 0.8% higher at ₹ 1,272.50 after a Bloomberg report said that the company and Pininfarina are set to sign the agreement on Monday with an announcement slated for later in the day.
1:03pm: The S&P BSE Sensex is trading up 105.43 points, or 0.42%, at 25,149.86, while the Nifty rises 43.20 points, or 0.57%, to 7,653.65.
12:44pm: Jindal Stainless Ltd surges over 18% to ₹ 31.90 after the government on Friday imposed anti-dumping duty on stainless steel imports, in a bid to protect the struggling domestic industry from cheap imports.The anti-dumping duty—in the range of 5.3-57.4%—has been levied on imports of cold rolled flat products of stainless steel.
12:21pm: Sun Pharma gains 2% as its subsidiary Sun Laboratories is planning to hit the domestic bond market in order to raise up to ₹ 1,000 crore to fund an internal restructuring. The Mumbai-based drug maker has divided the issue into two parts of ₹ 500 crore, one maturing in two years and the other in three years. It is priced in the range of 7.9-7.96%, 25-35 basis points higher than similar maturity government securities, making the borrowing cost less than any term bank loan.
12:07pm: Kalyani Forge Ltd climbs 5% to ₹ 277 after a PTI report said that the company plans to double turnover to ₹ 500 crore in the next two-three years by entering new product range and expansion.
11:58am: Infosys Ltd rises 1.5% to ₹ 1068. The company in a notice to BSE said that it has invested $3 million in sport solutions start up “Whoop". Whoop is an early-stage company offering a performance optimization system for professional sports teams.
11:45am: Adani Ports and Special Economic Zone Ltd jumps 4.6% to Rs252.30 after hitting a 52-week low of ₹ 241.10 on Friday.
11:32am: The S&P BSE Sensex is trading higher by 41.15 points, or 0.16%, at 25,085.58, while the Nifty is up 18.65 points, or 0.25%, to 7,629.10.
11:23am: Shares of sugar companies are trading higher after a news report said that the government plans to increase the cess on sugar by almost ₹ 100 per quintal to fund its ambitious programme of paying ₹ 4.50 per quintal directly into the bank accounts of growers. Bajaj Hindusthan Sugar Ltd is up 2%, Shree Renuka Sugars Ltd 2.5%, Balrampur Chini Mills Ltd 4%, Dhampur Sugar Mills Ltd 2% and EID Parry India Ltd 2.5%.
11:12am: Natco Pharma Ltd inches up 1.4% to ₹ 539.50 after the company said in a notice to BSE that, along with Alvogen, it has settled a patent infringement suit filed by Gilead Sciences, Hoffmann-La Roche Inc., F. Hoffmann-La Roche Ltd and Genentech in a New Jersey district court. Under the terms of the settlement, Natco’s partner Alvogen will be able to sell Oseltamivir Phosphate capsules before the expiration of pediatric exclusivity period listed by the FDA, which is 23 February 2017.
11:01am: Kaveri Seed Co. Ltd gains 3.7% to ₹ 384.25 after a PTI report said the government has decided to control prices of cotton seeds, including the genetically modified versions by fixing a uniform maximum retail price from March, a move that would deal a major blow to global hybrid seed company Monsanto.
10:53am: Sharp India Ltd drops 3% to ₹ 52.20. Sharp India said on Saturday that it has approved a proposal allowing the parent firm to do due diligence on its operations. The board of Sharp India also permitted “a due diligence on the operation of company by Sharp Corp. and potential buyer based on the information regarding the company", the company said in a filing to the BSE.
10:45am: Maruti Suzuki India Ltd rises 1.1% to ₹ 4,529.50. Japan will import cars manufactured in India by Maruti Suzuki, said Prime Minister Narendra Modi on Saturday while addressing the India-Japan Business Leaders Forum with Japanese Prime Minister Shinzo Abe in New Delhi.
10:36am: The stock markets reverse early morning losses to trade in the positive territory. The S&P BSE Sensex is now up 76.61 points, or 0.31%, to 25,121.04, while the Nifty rises 22.45 points, or 0.29%, to 7,632.90.
10:22am: Reliance Communications Ltd rises as much as 3.5% to ₹ 78.85 after a news report said that the CLSA has upgraded the stock to “outperform" and kept its target price at ₹ 90 apiece.
10:14am: Bhushan Steel Ltd falls 3.1% to ₹ 43.80 after the National Green Tribunal ordered the closure of its in-site industrial area of Sahibabad for four weeks, declaring it to be a polluting industry.
10:05am: Yes Bank Ltd falls 1% to ₹ 673.75 after its management reiterated its credit cost guidance of 50-70 basis points for 2015-16, as communicated by the managing director during the second quarter results, the bank said in a statement.
9:56am: Tata Consultancy Services Ltd is trading down 1% at ₹ 2,362.20 after the company said that Chennai floods are expected to have a “material impact" on TCS’ current quarter revenues.
9:48am: Tata Motors Ltd falls 3.1% to ₹ 366.20 and Mahindra and Mahindra Ltd is down 1.7% to ₹ 1,240.50. Car makers are uncertain about what happens to inventories piled up at dealerships and sold cars awaiting registration in New Delhi following an order by India’s top environmental court barring registration of new diesel-powered vehicles in the capital.
9:40am: Indian stocks decline, tracking losses in Asian stocks as they slumped on increased anxiety levels before the Federal Reserve’s final meeting of 2015 this week.
The 30-share S&P Sensex is trading down 0.41%, or 101.67 points, at 24,942.76, while the Nifty 50 of the National Stock Exchange (NSE) falls 0.28%, or 21.35 points, to 7,589.10.
9:30am: Among the sectoral indices, the BSE Auto Index is the top sectoral loser, down 1.1%, followed by the Realty index which is down 0.8%. The BSE Capital Goods and Metal indices are top sectoral gainers, up 0.4% each.
9:25am: The Indian rupee weakens past the 67 mark against the US dollar after local equity markets fall. local currency opens at 67.06 per US dollar and touches a low of 67.07—a level last seen on 4 September 2013.
9:20am: The yield on India’s 10-year benchmark bond is trading at 7.777% compared with its Friday close of 7.779%.
9:15am: In currency markets, the dollar edges up to 121.03 yen from 120.86 yen Friday in New York, but is still way down from 123 yen at the start of last week.
9:10am: Oil prices sink to fresh seven-year lows, with warnings of further falls to come for the commodity. US crude is down 0.8% at $35.32 a barrel after touching $35.16 on Friday, the lowest since February 2009. Brent crude is down 0.5% at $37.75 after falling below $38 a barrel for the first time in seven years on Friday.
9:05am: Japan’s Nikkei slumps more than 3% in early trade and was down 2.4% by late morning as falling commodity prices hit shares of energy companies and trading houses. South Korea’s Kospi retreats 1%. Australian shares drop 1% and Shanghai stocks dip 0.2%.
9:00am: Asian stocks fall as plunging oil prices added to investors’ nervousness about riskier assets ahead of an expected US rate rise by the Federal Reserve later in the week. The MSCI’s broadest index of Asia-Pacific shares outside Japan hit a two-and-a-half-month low and was last down 1.4%.
8:55am: On Friday, the Dow sank 1.8% and the S&P 500 lost 1.9% on fears of a possible spike in volatility if the Federal Reserve raises interest rates on Wednesday for the first time in nearly a decade, as widely expected.
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