Domestic equity markets opened on a positive note following global cues. (Photo: PTI)
10 am: Sensex was down 97 points at 26,939. Nifty was down 21.60 points at 8,155.80. Bajaj Corp reported results for second quarter ended September 30, 2015 on Wednesday. The company reported a rise of 24.95 per cent in its net profit at Rs 46.78 crore for the quarter as compared to Rs 37.44 crore for the same quarter in the previous year. Total income from operations of the company has increased by 10.73 per cent at Rs 208.19 crore for quarter under review as compared to Rs 188.01 crore for the quarter ended September 30, 2014. Bajaj Corp shares were trading 0.63 per cent up at Rs 445.65 apiece.
9.48 am: Sagar Cements has reported the cement production and sales figures for September 2015. The cement production for September 2015 stood at 1,22,642 million tonnes (MT), an increase of 7 per cent, compared to 1,14,693 MT produced in September 2014. The cement sales for September 2015 stood at 1,15,225 MT, an increase of 6 per cent, compared to 1,08,611 MT in September 2014. Shares of Sagar Cements were trading 1.19 per cent down at Rs 390.10 apiece in the early trade.
9.46 am: The rupee depreciated 18 paise to 65.13 against the dollar at the Interbank Foreign Exchange in early trade Thursday on buying of the US currency by importers.
9.22 am: Sensex was down 0.16 per cent at 26,991. Nifty was down 0.08 per cent at 8,171. MAN Industries surged over 6 per cent in the morning trade after the company informed BSE that it has received orders worth approximately Rs 700 crore from international and domestic customers for supply of pipes for Oil, Gas and Water sector projects. With these new orders the outstanding order book as on date stands at approximately Rs 1,300 crore to be executed over a period of 6 to 8 months, this will result in significant improvement in the coming quarters.
Domestic equity markets opened on a positive note following global cues. The BSE Sensex opened 81 points up 27,116.86. Nifty opened 19 points up 8,196.75.
In the 30-share index, Vedanta was up 2.43 per cent at Rs 92.90, followed by Tata Steel (up 1.12 per cent) and Tata Motors (up 1 per cent).
BSE Sensex and NSE Nifty rose for a sixth consecutive trading session on Wednesday on the back of positive global markets and strong rupee. Sensex gained 102.97 points or 0.38 per cent to 27,035.85 and Nifty gained 24.50 points or 0.30 per cent to 8,177.40.
Global Markets
New York: US stocks ended stronger after a volatile session on Wednesday, led by a rebound in biotechnology companies that pushed the S&P 500 to its highest level in three weeks.
London: Britain’s top equity index ended at its highest closing level since August on Wednesday, buoyed by surging mining stocks while supermarket group Tesco also climbed after a smaller-than-expected plunge in profits.
Tokyo: Japanese stocks were flat in a choppy morning session on Thursday, stalling after six straight days of gains, as weak machinery orders data stoked uncertainty about the economic outlook.
China: Chinese stock markets, which have been hit by wild swings in recent months due to growth and policy worries, re-open later in the session after shutting since the end of September for holidays. Shanghai was up over 3 per cent in the morning trade.
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