The BSE Sensex and NSE Nifty opened on a flat note on Tuesday tracking weak global cues. (Photo: PTI)
12.11 pm: Bouts of profit-booking were witnessed in capital goods, metal, auto, banking and consumer durable sectors, along with mid-cap and small-cap shares, while buying marked realty, FMCG, health care and IT segments. Sensex was down 115 points at 25,742.
12.06 pm: Goldman Sachs upgrades private lenders Axis Bank, ICICI Bank and YES Bank to ‘Buy’ from ‘Neutral’ citing attractive entry after recent underperformance of bad loand concerns. BSE Bankex was down 0.76 per cent at 19,205.57.
11.23 am: Texmaco Rail & Engineering gained over 3 per cent on BSE after the company said its board has approved acquiring a majority 76 per cent stake in Bright Power for Rs 100 crore. Sensex was down 110 points at 25,746. Nifty was down 45.70 points at 7,826. Sun Pharma and HUL were trading 1.16 per cent and 0.76 per cent higher at Rs 867 and Rs 801, respectively.
10.34 am: Nifty was down 27.50 points at 7844.75. Vedanta, Tata Power and Kotak Mahindra Bank were down over 1 per cent.
10.25 am: Sensex was down 95.20 points 25,761. In the 30-share index, Maruti Suzuki and ITC were up 1.32 per cent and 0.85 per cent at Rs 4,379.50 and Rs 315.80.
9.49 am: Brokers said sentiment turned somewhat weak as investors booked profits after Monday’s gains even as retail inflation fell to a new low of 3.66 per cent in August, which may prompt the Reserve Bank to cut rates at its September 29 policy meet. Sensex was down 43 points at 25,813.
9.24 am: Sensex was down 12.18 points at 25,844.52. Maruti Suzuki was trading 1.72 per cent higher at Rs 4,394.50. Share price of Maruti Suzuki gained after the Reserve Bank of India allowed foreign investors to invest up to 40 per cent of the paid up capital in the auto maker under the Portfolio Investment Scheme.
9.15 am: Domestic equity markets opened on a flat note on Tuesday tracking weak global cues. The BSE Sensex opened 51.64 points, 0.20 per cent, up at 25,908.34. NSE Nifty opened 5 points down at 7,867.35.
The Consumer price inflation (CPI) data that eased to 3.66 per cent in August from 3.69 per cent in July 2015, failed to boost market sentiments on Tuesday.
The rupee fell 5 paise to 66.38 against the dollar in early trade due to fresh dollar demand from importers.
Global Markets
New York: US stocks closed down on Monday as many investors put off making big bets ahead of the Federal Reserve’s policy meeting this week and others worried about weak economic data from China. The Dow Jones Industrial Average lost 62.13 points or 0.38 per cent to 16,370.96, the Nasdaq was down by 16.58 points or 0.34 per cent to 4,805.76 while, the S&P 500 dropped by 8.02 points or 0.41 per cent to 1,953.03.
London: Britain’s top share index fell on Monday, with miner Glencore and supermarket group Morrison underperforming as weak Chinese data and the possibility of a U.S. rate rise weighed on markets.
Tokyo: Japanese stocks rose on Tuesday morning as food processing firms rallied on a report of a merger, while most investors were fairly relaxed ahead of the outcome of the Bank Of Japan’s two-day policy meeting.
Hong Kong: The Hang Seng Index was down 0.37 per cent.
(With inputs from agencies)
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