The benchmark BSE Sensex fell over 58 points in early trade on Friday as investors engaged in profit-booking in recent gainers amid mixed Asian cues. The 30-share Sensex declined 58.20 points, or 0.20%, to 28,714.93, with sectoral indices led by banking, IT, auto, power and FMCG leading the fall. The index had rallied 265.71 points in the previous session, tracking upbeat global cues after the US Federal Reserve left rates unchanged on Wednesday.
Also, the NSE Nifty was trading lower by 14.70 points, or 0.17%, at 8,852.75. Equity brokers said that apart from profit-booking in recent gainers, a mixed trend in other Asian markets as investors turned cautious after two days of gains, were mainly responsible for losses on the domestic bourses here.
Shares of Axis Bank, Tata Motors, Bharti Airtel, ICICI Bank, Infosys, SBI, Gail, Hero MotoCorp, Lupin and Tata Steel succumbed to profit-booking, which dragged the indices down.
Here are the updates:
1:40am: BSE Sensex is currently trading lower by 36.61 points, or 0.13%, to 28,736.52, while the Nifty falls 5.05 points, or 0.06%, to 8,862.40.
1:30pm: Reliance Industries Ltd rises 1.1% to Rs.1,100.50. The stock gained 10 out of 14 trading sessions and rose 8.6% in this period. So far this year it gained 8.5%.
1:20pm: Reliance Capital Ltd rises 3% to Rs.591.35. The stock gained 43.3% in last one month and so far this year it gained 35.3%.
1:10pm: Great Eastern Shipping Co Ltd fell 1.5% to Rs.371. The company said notifed UK Gesco London dissolved.
12:55pm: Shares of Axis Bank Ltd fell 5% on Friday on the back of higher volumes. The stock fell four out of five trading sessions and fell 6.7% in this period.
12:40pm: Castex Technologies Ltd rises 5.64% to Rs.10.85. The stock gained three out of four trading sessions and rose 19.2% in this period. So far this year it fell 21.1%.
12:25pm: Metalyst Forgings Ltd rises 4% to Rs.62.40. The stock gained three out of four trading sessions and rose 14% in this period. So far this year it fell 19%.
12:15pm: JMT Auto Ltd rises 7.5% to Rs.28.70. The stock gained for the fourth consecutive sessions and rose 32.11% in this period. So far this year it fell 32.7%.
12:05pm: BSE Sensex is currently trading lower by 8.45 points, or 0.03%, to 28,764.68, while the Nifty falls 0.65 points, or 0.01%, to 8,866.80.
12:00pm: SRF Ltd rises 8% to Rs.1,751.50. Broking firm Kotak Securities has imitated buy on the stock and kept its target price at Rs.1,980 a share. So far this year it gained 39%.
11:50am: Amtek group stocks are trading higher on the back of higher volumes. Amtek Auto Ltd rises 6.2% to Rs.48.80. The stock gained for the fourth consecutive sessions and rose 16.5% in this period. So far this year it fell 1.3%.
11:40am: Jubilant Life Sciences Ltd rises 3.6% to Rs.642.50 after the company said in a notice to BSE that its arm Jubilant Pharma Limited has, at its meeting held on 23 September, approved the proposal to launch a benchmark offering of unsecured high yield bonds outside India by JPL, under Regulation S of the US Securities Act. The Notes are proposed to be listed on the Singapore Exchange Securities Trading Limited.
11:30am: DLF Ltd rises 2% to Rs.156.50. According to CNBC report GIC and Blackstone are the frontrunner for its rental business.
11:20am: Bharat Financial Inclusion Ltd rises 2.6% to Rs.833 after news report said that the company which launched qualified institutional placement programme oversubscribed by 8 times.
11:10am: Majesco Ltd rises 3.4% to Rs.486 after the company said in a notice to NSE that Glemham Underwriting and Majesco Team Up to Create a Dynamic New Cloud Based Bureau for the UK General Insurance Market.
11:00am: Morepen Laboratories Ltd rises 7.3% to Rs.26.60 after the news report said that the company is in talks with Ajay Piramal Group to sell its OTC (over-the-counter) business of market leading brands such as Burnol as it plans to monetise some of its mainstream brands when larger rivals look to expand their consumer product portfolio.
10:50am: Parag Milk Foods Ltd fell 2% to Rs.307.55. On Thursday, according to bulk deal data India Growth Fund sold 15 lakh shares.
10:40am: The 30-share S&P BSE Sensex is currently trading lower by 36 points, or 0.13%, to 28,736.95, while the Nifty 50 of the National Stock Exchange (NSE) falls 7.30 points, or 0.05%, to 8,859.60.
10:20am: Banking stocks are trading lower. Axis Bank falls 2.8%, ICICI Bank 1%, Allahabad Bank 1%, Canara Bank 0.8%, IDBI Bank 0.7%, Punjab National Bank 0.7%, Syndicate Bank 0.7%, Union Bank 0.6%, Andhra Bank 0.6%, State Bank of India 0.5%.
10:15am: Financial Technologies Ltd falls 1.8% to Rs.84.20. The Enforcement Directorate, Mumbai, has attached Rs.306.70 crore worth assets belonging to Jignesh Shah-promoted Financial Technologies India Ltd.
10:10am: Shares of L&T Technology Services Ltd debuted at a 4.7% premium on the stock market on Friday, after the issue was subscribed 2.52 times earlier this month.
10:05am: L&T Technology Services shares are trading 7% higher at Rs.920, up from its issue price of Rs.860. It opened at Rs.900 and touched a high and low of Rs.925.50 and Rs.900, respectively.
9:55am: The 30-share S&P BSE Sensex is currently trading lower by 15.87 points, or 0.06%, to 28,757.26, while the Nifty 50 of the National Stock Exchange (NSE) falls 4.50 points, or 0.05%, to 8,862.95.
9:50am: Adlabs Entertainment Ltd rises 16% to Rs.96.90 on the back of higher volumes. On Thursday according to bulk deal data on NSE Insync Cap bought 3.5 lakh shares in the company.
9:45am: The rupee on Friday weakens marginally against the US dollar at 66.73 per dollar, down 0.1% from its previous close of 66.67, tracking the losses in its Asian peers.
9:35am: The 10-year bond yield stood at 6.808%, a level last seen on 10 June 2009, compared to its Thursday’s close of 6.81%.
9:25am: The dollar climbs to ¥101.10 from ¥100.84 in late trading on Thursday. The euro slips to $1.1204 from $1.1209.
9:15am: US benchmark crude oil futures loses 52 cents to $45.80 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude falls 44 cents to $47.77 a barrel.
9:10am: Japan’s benchmark Nikkei 225 index dips 0.1% to 16,786.89 while South Korea’s Kospi crept up 0.2% to 2,053.50. Hong Kong’s Hang Seng edges up 0.1% to 23,776.37 and the Shanghai Composite Index in mainland China dips 0.2% 3,037.46. Australia’s S&P/ASX 200 rises 0.6% to 5,404.50.
9:00am: Asian stock markets held fairly steady on Friday, holding on to gains in the week driven by US and Japanese central bank policy decisions that fueled investors’ belief that low rates will be around for a few more months.
8:50am: Major US benchmarks finished with solid gains. The Dow Jones industrial average rose 0.5% to 18,392.46. The Standard & Poor’s 500 index gained 0.7% to 2,177.18 and the Nasdaq composite climbed 0.8% to 5,339.52.
First Published: Fri, Sep 23 2016. 10 00 AM IST