It was a quiet start to the October series as investors remained cautious on Friday after yesterday's 465-point fall on the Sensex due to double whammy effect of geopolitical tensions at India-Pakistan border and September FO expiry.
The market continued to consolidate in afternoon trade despite correction in global peers while the broader markets extended rally with the BSE Midcap and Smallcap indices rising 1.5 percent each.
GAIL, ONGC, MM, Wipro and Infosys are top gainers while Cipla, Coal India, Bharti Airtel, ITC and Adani Ports are losers in the Sensex.
Benchmark indices remained rangebound in noon trade while the broader markets continued to outperform with the BSE Midcap and Smallcap indices rising 1 percent each.
GAIL, MM, ONGC, SBI and BHEL are top gainers while Cipla, Coal India, Bharti Airtel, Dr Reddy's Labs and Adani Ports are losers in the Sensex.
GAIL, Infosys, Wipro, BHEL and ONGC are top gainers while Adani Ports, Cipla, Bharti AIrtel, Dr Reddy's Labs and HUL are major losers in the Sensex.
The market started off the first day of October series on a positive note, rebounding sharply after previous day's sharp sell-off.
The market butchered on the day of FO expiry, posting the biggest one-day fall in last three months Thursday as investors opted for profit booking due to elevated geopolitical tensions at India and Pakistan border. The market posted higher ever turnover of Rs 11.5 lakh crore.
Benchmark indices were too much volatile amid selling pressure. The Sensex was down 448.16 points or 1.58 percent at 27844.65 and the Nifty down 148.25 points or 1.70 percent at 8596.90.
Hopes of rate cuts has reduced as yields hardened. RBI could become cautious on account of geo-political issues. Profit booking and chances of rate cuts reducing in Oct 4 policy weigh.
The Nifty broke 8600 level to touch an intraday low of 8575 while the Sensex lost 555 points to trade below 28000.
GAIL, Reliance, MM, Hero MotoCorp and HDFC Bank are top gainers while ICICI Bank, Axis Bank, Bharti Airtel, HUL and ITC are losers in the Sensex.
ICICI Prudential Life Insurance Company saw subdued listing today. The stock has opened at Rs 329 apiece, a 1.5 percent discount to issue price of Rs 334.
Bajaj Auto, ONGC, Axis Bank, ICICI Bank and Maruti are top gainers in the Sensex.
The BSE Midcap and Smallcap indices gained around 1 percent each on positive breadth. About 1632 shares advanced against 1020 declining shares on the exchange.
On September 30, 2016 India Max Investment Fund Ltd sold 22,00,000 shares of Essar Shipping at Rs 27.50 on the NSE.
On September 30, 2016 Gulf Pharmaceutical Industries sold 31,50,000 shares of SMS Pharmaceuticals.
On September 30, 2016 HC Mauritius Limited sold 23,40,000 shares of Nava Bharat Ventures.
CNBC-TV18s Varinder Bansal lists some of the key stocks which were buzzing in trade today.
Jubilant Life Sciences shares surged 5 percent intraday Friday after its subsidiary raised USD 300 million through bonds in Singapore.
Liquor makers United Spirits, United Breweries, Pincon Spirit, Globus Spirits, Radico Khaitan and Tilaknagar Industries shares rallied 4-12 percent intraday Friday after Patna High Court imposed a stay on Bihar's anti-liquor law.
Cipla shares fell 6.5 percent intraday Friday after the company said the US health regulator issued four observations across three facilities in Goa.
"...a wind power purchase agreement has been singed among Rajasthan Government, NHPC and Inox on September 28 for a 50 MW wind power project in Jaisalmer, Rajasthan," NHPC said in a filing to BSE yesterday.
Firstsource Solutions shares surged 5 percent intraday Friday after the subsidiary made repayment of debt.
Plastic products manufacturer Sintex Industries shares gained nearly 8 percent intraday Friday on board approval for demerger of custom moulding and prefab segments.
Alkem Laboratories shares fell over 8 percent intraday Friday on several observations from the US health regulator for Daman facility.
On September 29, 2016 ING Mauritius Investments I sold 4,67,00,000 shares of Kotak Mahindra Bank at Rs 782.32.
Pharma major Lupin shares halved losses in afternoon trade Thursday on approval from the US health regulator for for anti-alzheimer drug. The stock reduced its losses to 2 percent from 4 percent intraday.
ICICI Bank shares plunged 6.5 percent intraday Thursday after the sharp fall in stock price of its insurance subsidiary ICICI Prudential Life on debut.
Amansa has increased its stake in Ceat to over 5 percent by acquiring 1.17 percent stake through secondary market purchase.