At 10.33 am, Cairn India, Bank of Baroda, Sun Pharma, YES Bank and ONGC were up between 0.65 per cent and 1.50 per cent. (Photo: Reuters)
11.19 am: Jain Irrigation share price climbed over 3 per cent in the morning trade on Tuesday after the Andhra Pradesh government has allotted over 623 acres of land to the company for setting up an integrated agriculture and horticulture park in Kurnool district of the state. The scrip was trading 3.35 per cent up at Rs 63.30.
11.06 am: Life Insurance Corporation of India (LIC) has bought 2.7 lakh shares or 0.1 per cent stake of Bharat Forge from the open market. Following the acquisition, LIC’s stake in the forging company rose to 5 per cent from 4.9 per cent earlier. The share price of Bharat Forge was up 1.04 per cent at Rs 803.35. Sensex was down 37.74 points at 25,112.
10.50 am: YES Bank on Tuesday said that its advance tax payment increased 38.11 per cent in December 2015 to Rs 424 crore from Rs 307 crore in December 2014. The share price of YES Bank was up 0.88 per cent at Rs 688.20. Sensex was marginally down 0.05 per cent 25,136.83. Nifty was down 0.06 per cent at 7,645.45.
10.33 am: In the 50-share index, Cairn India, Bank of Baroda, Sun Pharma, YES Bank and ONGC were up between 0.65 per cent and 1.50 per cent. On the other hand, Tata Motors, Idea Cellular, ICICI Bank, ITC and Mahindra and Mahindra were down between 0.50 per cent and 0.90 per cent. Nifty50 index was down 12.15 points at 7,637.90.
10.01 am: The rupee appreciated by 11 paise to 66.98 against the dollar in early trade on Tuesday on increased selling of the American currency by exporters and banks.
9.28 am: MOIL share price was trading 6.95 per cent up at Rs 222.35. A total of 1.02 lakh shares exchanged hands so far on BSE, which were nearly 7 times the two-week average. Sensex was marginally down 0.10 per cent at 25,126.
9.24 am: Delhi High Court sought the government’s response on whether it would buy the excess “sweet” crude, containing higher levels of sulphur, produced by Cairn India’s Rajasthan oil field and if not, can the company export it. The share price of Cairn India was trading 1.01 per cent up at Rs 126.20. The BSE Oil & Gas index was up 0.42 per cent at 9,033.85.
9.16 am: Share price of Tech Mahindra was trading 0.40 per cent down at Rs 540.55. Nifty was down 3.75 points at 7,646.30. Automaker Mahindra & Mahindra, with its IT arm Tech Mahindra, will buy 76.06 per cent of Pininfarina for 25.3 millon euros ($28 million). Pininfarina had net debt of $48 million as on September 2015, hence the EV of the business is over $106 million, according to Reuters calculations.
9.15 am: The BSE Sensex and NSE Nifty opened on flat-to-cautious note on Tuesday tracking mixed Asian markets ahead of the US Federal Reserve meet, which is slated to begin later in the day. Sensex opened 36.33 points, or 0.14 per cent, up at 25186.68. Nifty opened 9.10 points up at 7,659.15.
Asian markets were mixed on Tuesday, as investors were reluctant to make any big moves amid volatile crude oil and before a widely anticipated US interest rate increase by the Federal Reserve later this week. Hang Sensex and Shanghai were up 0.46 per cent and 0.14 per cent, while Nikkei were down 0.73 per cent in the morning trade.
On Wall Street, major indexes erased early losses and marked gains, as oil prices recovered slightly. Dow closed 0.60 per cent up at 17,368.50.
US crude was down 0.2 per cent at $36.24 after falling as low as $34.53 on Monday before ending nearly 2 per cent higher. Brent crude fell as low as $36.33 a barrel on Monday, its weakest since December 2008. A fall below $36.20 would take oil down to levels not seen since 2004.
Back home, the BSE Sensex on Monday rebounded from over three-month lows by rising 106 points to 25,150.35 on better-than-expected factory output data, even as the market mood remained muted ahead the US Federal Reserve meet.
On similar lines, the NSE Nifty, which dipped below the 7,600-level intra-day to hit a low of 7,551.05 and finally settled 39.60 points or 0.52 per cent higher at 7,650.05 after the day’s high of 7,663.95.
Retail inflation rose to 5.41 per cent in November, 4th straight month of uptick as prices of vegetables, pulses and fruits went up further to push the rate of price rise above the Reserve Bank’s comfort level.
Shares of Tata Motors, NHPC and Tata Steel will remain in focus on Tuesday. Tata Motors on Monday post market hours said that it will hike price of its entire passenger vehicle model range by up to Rs 20,000 from January.
Hydro power major NHPC said it will temporary shut down 520 MW Parbati project in Himachal Pradesh till February next year for carrying out repair and maintenance work. The Parbati-III Power Station (4X130 MW) in Himachal Pradesh “shall be complete shutdown w.e.f. December 15, 2015 to February 15, 2016 to carry out repair of pressure shaft, sealing of surge shaft gate & MIV seals and annual maintenance of units”, NHPC said in a filing to the BSE.
| Subscribe To Our Free Newsletter |
