The BSE Sensex and NSE Nifty opened on a flat note on Monday tracking Asian markets. Sensex opened 14.33 points up at 26,142. while Nifty 50 index opened 6.45 points down at 7936.25. (Photo: Reuters)
10.21 am: Reliance Industries is facing a 40 per cent cut in the marketing margin it charges on selling its KG-D6 gas to fertiliser and LPG plants after the government notified a ceiling of Rs 200 per thousand standard cubic meters (scm). The share price of the company was down 0.65 per cent at Rs 972.70.
The combined market valuation of top eight Sensex companies rose by Rs 31,922 crore last week, with RIL emerging as the biggest gainer. Barring TCS and ITC in the top 10 companies by market
capitalisation, eight saw rise in m-cap in a positive broader market trend wherein the BSE benchmark Sensex gained 259.71 points to end the last week at 26,128.20. RIL’s m-cap surged Rs 10,721.28 crore to Rs 3,17,120.03 crore, making the biggest gain among the top-10 firms.
10.18 am: Sensex was up 8.59 points at 26,136. Nifty was down 5.70 points at 7937. Caution prevailed ahead of RBI’s fifth bi-monthly monetary policy review on Tuesday and continuing fund outflows
by foreign investors amid weakness at other Asian markets.
10.08 am: The rupee depreciated 8 paise to quote at fresh over two-year low of 66.84 against the dollar in early trade today on month-end demand for the American currency from importers and banks.
10.04 am: Shares of Rajesh Exports jumped over 2 per cent in the early trade after the company informed stock exchanges that it has bagged an export order worth Rs 1,122 crore of designer range of gold and diamond studded jewellery and medallions from UAE. The order is to be completed by March 31, 2016. The scrip was trading 2.34 per cent up at Rs 695.20.
10.00 am: HDFC Mutual Fund has launched the HDFC Sensex ETF, an open ended other ETF scheme. The NFO opens for subscription on November 30, 2015 and closes on December 02, 2015. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000. The scheme’s performance will be benchmarked against S&P BSE SENSEX Index and its fund manager is Krishan Kumar Daga.
9.58 am: In the 50-share index, Bajaj Auto, Tata Motors, Maruti Suzuki, ICICI Bank, Bank of Baroda were up between 1.05 per cent and 2.20 per cent. On the other hand, Cairn India, Sun Pharma, Idea Cellular, Ambuja Cements and GAIL were down between 0.80 per cent and 1.40 per cent. Nifty 50 index was up 7.45 points at 7,951.
9.41 am: Tata Global Beverages (TGBL) has launched an instant coffee product in the Indian market under the brand name ‘Tata Coffee Grand’ on November 29, 2015. The product has been jointly developed by TGBL and its subsidiary, Tata Coffee (TCL). The product will be manufactured by TCL and marketed and distributed by TGBL. Shares of Tata Global Beverages and Tata Coffee were trading 0.33 per cent and 0.45 per cent up at Rs 137.40 and Rs 90.10, respectively.
9.33 am: Shares of Cipla was trading 0.25 per cent down at Rs 641 apiece. Private equity firm Fidelity Growth Partners has signed an agreement with Cipla for investing in its consumer healthcare business. Cipla’s board had given nod to the transaction in July and an investment agreement was signed on Friday. In July the board also proposed the divestment of consumer healthcare (OTC segment) business to a subsidiary. In the last fiscal the segment contributed Rs 34.8 crore in revenue which was about 0.3 per cent of total consolidated income. Sensex was up 72.33 points at 26,200. Nifty was up 13.55 points at 7,956.
9.16 am: The troubled auto component maker Amtek Auto on Saturday said it has suffered a consolidated net loss of Rs 987 crore for the year ended September against a net profit of Rs 848.21 crore last year. Shares of Amtek Auto was trading 5.15 per cent down at Rs 40.50 in the early trade.
9.15 am: Domestic equity markets opened on a flat note on Monday tracking Asian markets. The BSE Sensex opened 14.33 points up at 26,142. NSE Nifty 50 index opened 6.45 points down at 7936.25.
Asian shares were on edge on Monday after a sharp fall in Chinese markets in the previous session, while the euro hovered near seven-month low as the currency braced for the European Central Bank’s monetary easing later this week.
On Friday, the Shanghai Composite index and the CSI300 both fell more than 5 per cent, registering their biggest one-day drops in more than three months on signs that the country’s securities regulator was clamping down anew on leveraged buying.
Back home, Sensex closed 169.57 points up at 26,128 on Friday on hopes of a likely breakthrough in the passage of the Goods and Services Tax (GST) in the current Winter session of the Parliament. Nifty 50 index closed 58.90 points up at 7,942.70.
(With inputs from agencies)
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