The BSE Sensex and NSE Nifty opened in green on Monday tracking positive global cues. (Photo: PTI)
10.44 am: Sensex was up 81.84 points at 27,296. Nifty was up 13.20 points at 8,251. In the 30 share index, Tata Motors, Tata Steel and ONGC were trading 2.12 per cent, 1.37 per cent and 1.06 per cent down at Rs 378, Rs 249.20 and Rs 261.55, respectively.
10.20 am: Shares of HCL Technologies slid around 1 per cent after the announcement Q1 results. Sensex was up 64 points at 27,278.
9.40 am: The rupee edged higher by 8 paise to trade at 64.73 against the dollar on Monday on fresh selling of the US currency by exporters amid sustained foreign fund
inflows. Sensex was up 50.69 points at 27,265.29. Nifty was up 8.70 points at 8,246.25.
9.25 am: Sensex was up 95.27 points at 27,309.87. Nifty was up 11.50 points at 8,249.65. Reliance Industries shares were trading 4.53 per cent up at Rs 953.50 in the early trade. Reliance Industries on Friday (post market hours) reported highest ever quarterly net profit of Rs 6,720 crore for three months ending September 30 on spike in refinery and petrochemicals margins. Net profit for July-September quarter of the 2015-16 fiscal rose 12.5 per cent to Rs 6,720 crore, or Rs 22.8 per share, from Rs 5,972 crore, or Rs 20.3 a share, in the same period of last fiscal, the company said in a statement.
Domestic equity markets opened in green on Monday tracking positive global cues. Sensex opened 91.83 points up at 27306.43. Nifty opened 30 points up at 8,262.55. Brokers said sustained buying by funds and retailers after Reliance Industries reported its highest ever quarterly net profit of Rs 6,720 crore for the September quarter post trading hours on Friday mainly buoyed sentiment.
HCL Technologies Ltd, India’s fourth-largest software services exporter by revenue, reported a 8 per cent fall in quarterly net profit on Monday, but met street estimates as its core manufacturing clients added more projects. The IT major announced its Q1 result on Monday before market hours. Revenue in dollar terms rose 8 percent to $1.54 billion. In September, HCL Tech said its revenue in U.S. dollars would have adverse impact of 80 bps on a sharp depreciation of multiple currencies against the dollar. The share price of HCL Technologies was down 1.5 per cent in the early trade.
The share price of Lanco Infratech gained over 4 per cent in the opening trade on Monday. Lanco Infratech Limited got a favourable order from the Hon’ble Supreme Court on 16 October, 2015 for its subsidiary company Lanco Kondapalli Power Limited (LKPL) dismissing the appeals filed by Andhra Pradesh Power Coordination Committee and AP DISCOMS and also upholding the orders passed by APTEL and APERC in favour LKPL. As a result of this favourable order LKPL is entitled for the reimbursement of Income-tax of about Rs.175 Cr paid by it, for the financial years 2001 to 2012 along interest till the date of payment after adjusting the adhoc amount of Rs. 70 Crore already received.
Global Markets
New York: US stocks ended higher on Friday, notching a third week of gains, lifted by a jump in General Electric shares and upbeat consumer sentiment data.
London: Britain’s top share index rose on Friday, lifted by drugmaker Shire, whose shares climbed on speculation it could be lining up a bid for a US Rival.
Tokyo: Japanese shares fell on Monday but pared early losses after data showed China’s economy did not cool as much as expected in the third quarter.
(With inputs from agencies)
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