Sensex, Nifty ends marginally down; IT stocks slip 2%
Live updates of Asian shares, BSE Sensex and NSE Nifty. Top stocks, stocks in focus, top gainers and top gainers of the day.
Live updates of Asian shares, BSE Sensex and NSE Nifty. Top stocks, stocks in focus, top gainers and top gainers of the day.
Latest Updates
Domestic markets ended in red. Sensex closed at 27,238.06, down 9.10 points, or 0.03%, while, Nifty at 8,400.35, down 6.85 points, or 0.08%.
Shares of Idea Cellular dropped nearly 4% after the block deal. At 1420 hours the shares of the company were traqding at Rs 69.55 per piece, down 3.67%, or Rs 2.65 on BSE.
Telecom operator Idea Cellular plans to raise Rs500 crore through issuance of non-convertible debentures (NCDs). “...the company is proposing to issue unsecured redeemable non-convertible debentures amounting to Rs500 crore on private placement basis,” Idea said in a regulatory filing on Thursday.
On 30-share benchmark, during afternoon session, among top gainers were Axis Bank (4.25%), GAIL (2.26%), HDFC (2.23%), Sun Pharma (1.43%) and ONGC (0.90%). Among losers were TCS (-3.23%), Infosys (-2.10), Maruti Suzuki (-1.53%), NTPC (-1.50%) and Tata Motors (-1.42%).
Shares of SpiceJet jumped over 3% after the company places an order of $22 billion to Boeing. The company will be buying 100 new planes from Boeing.
At 1219 hours, the shares of the company were trading at Rs 65.90 per piece, up 3.13%, or Rs 2 on BSE.
Sector-wise, IT (-153.78 points), Auto (-149.95) were top losers. At 1144 hours, the shares of Infosys were trading at Rs 982 per piece, down 1.80%, or Rs 18.05 on BSE despite registering 7% rise in Q3 net profit.
Shares of Tata Consultancy dropped over 3%. At 1056 hours the shares of TCS were trading at Rs 2,264.45, down 3.36%, or Rs 78.85 on BSE.
Domestic markets slips in red losing three-straight gains. At 1022 hours, Sensex was trading at 27,196.93, down 50.23 points, or -0.18%. While Nifty was 8,384.70, down 22.50 points.
The rupee weakened 11 paise to 68.19 against the US dollar in early trade today on fresh demand for the American currency from banks and importers despite positive macro economic data.
At 0942 hours the shares of the company were trading at Rs 994.95 per piece, down 0.51%, or Rs 5.10 on BSE
Infosys reports 7% rise in Q3 net profit. At 0942 hours the shares of the company were trading at Rs 994.95 per piece, down 0.51%, or Rs 5.10 on BSE.
Shares of Tata Consultancy Services plunged despite reporting 11% rise in Q3 net profit. At 0925 hour the shares of the company were trading at Rs 2306 per piece, down 1.59%, or Rs 37.30 on BSE.
Also, the company on Thursday named Rajesh Gopinathan as the new CEO after N Chandrasekaran was appointed as the new Tata group chairman.
Sensex opened at 27,356.89, up 109.73 points, or 0.40%. While Nifty opened at 8,457.65, up 50.45 points, or 0.60%.
Stocks in Focus: Tata Stocks will be in focus after Tata Sons on Thursday appointed N Chandrasekaran as the new Chairman after months of battle between Cyrus Mistry and Ratan Tata.
Shares of Tata Consultancy Services will be in focus too after the company on reported better than expected quarter results. It reported a net profit of Rs 6778 crore, up by 10.9%, during the quarter ended on December 31 as compared to as on December, 2015 quarter.
As against the previous quarter in the current fiscal, the company registered a rise of 2.9% in the net profit.
Infosys stocks will be in focus too as the company is set to announce its financial results for the quarter ended on December 31.
Sensex jumped over 100 points as it was trading at 27,367.96, up 120.80 points, or 0.44%. While Nifty was at 8446.55, up 39.35 points, or 0.47 %.
Indices trade in green during pre-open market session. Sensex was trading at 27,338.89, up 91.73 points, or 0.34%. While, Nifty was trading at 8,391.05, up 10.4 points, or 0.12%.