At 9.19 am, Sensex was down 237.50 points. All the 30 components of Sensex were trading in red. ITC, HDFC and Lupin were trading over 1 per cent down in the early trade. (Photo: PTI)
10.48 am: Meanwhile, Sun Pharmaceutical announced that one of its subsidiaries has received final approval from US FDA for its Abbreviated New Drug Application (ANDA) for generic version of Gleevec, Imatinib Mesylate tablets 100mg and 400mg. These tablets are indicated for the treatment of chronic myeloid leukemia. Share price of Sun Pharma was trading 5.72 per cent up at Rs 768.45. The BSE Healthcare index was up 1.37 per cent at 16662.05.
10.40 am: Tree House shares jumped 9.98 per cent to Rs 222.60 and hit upper circuit on Friday after the company informed BSE that the Board of Directors met on December 4 and accorded in-principle approval for exploring consolidation option with Zee Learn. The share price of Zee Learn was trading 6.58 per cent up at Rs 45.35. Sensex was down 162.93 points at 25,723.
10.35 am: Ujaas Energy informed BSE on Thursday that it has bagged EPC order of 10MW Canal Bank Grid Connected Solar Photovoltaic Power Plant at Vadodara, Gujrat and its operation and maintenance for 25 years as issued by Sardar Darovar Narmada Nigam. The company has received Letter of Acceptance-cum work order issued by General Manager (HP) Sardar Sarovar Narmada Nigam, Gandhinagar. The approximate amount for the work is around Rs 91.78 crore. The share price of Ujaas Energy was trading 5.16 per cent up at Rs 21.40.
This is a consecutive win of the company in last four months. After 9MW of Oil India Rajasthan, 10MW at Teesta Cananl West Bengal, 1000 KWp at Andaman & Nicobar and 6MW at Daman & Diu .
10.26 am: Brokers said persistent selling by participants following hefty losses across Asia and other global markets, as an anticipated revision of the European Central Bank’s stimulus programme fell short of expectations, mainly dampened the sentiments. Furthermore, depreciating rupee against the dollar also negatively impacted sentiment. Sensex was down 181 points at 25,705.
10.04 am: Meanwhile, shares of Tata Consultancy Services hit new 52-week low of Rs 2,322. The BSE IT index was down 0.83 per cent at 10,702.18. Sensex was down 151 points at 25,735.
9.56 am: Sensex was down 171.92 points at 25,714. IT solutions company Mastek on Thursday said it will make no further investments towards development of ‘Veyo’, a platform built to help in conveyancing process. The share price of Mastek was trading 1.16 per cent down at Rs 195.20.
9.46 am: The Indian rupee slumped to an over two-year low on Friday, tracking weakness in global markets after the European Central Bank’s stimulus package fell short of expectations and renewed fears of a US rate hike.
9.30 am: Future & Option (F&O) total turnover stood at 1,43,471.74 crore on December 03 and the total number of contracts traded on the day were 24,89,348. Of the total turnover, Index Futures contributed Rs 11,694.36 crore, Stock Futures Rs 22,908.53 crore and Index Options Rs 98,662.99 crore, while the contribution of the Stock Options was of Rs 10,205.86 crore. For the day, the total F&O PutCall ratio (PCR) stood 0.66 while Index Options PutCall ratio was 0.68 and that of Stock Options was 0.48. The top five scrips with highest PCR on OI were UCO Bank (1.90), JSW Steel (1.26), STAR (1.24), ACC (1.18) and GAIL (1.18).
9.19 am: Sensex slid 237.50 points in the early trade. All the 30 components of Sensex were trading in red. ITC, HDFC and Lupin were trading over 1 per cent down in the early trade.
9.16 am: Sensex was down 173 points at 25,713. Nifty was down 56.20 points at 7,807. Shares of Dabur India was trading 2.46 per cent down at Rs 271.10. Dabur has become the first major private Indian company to be hit by prevailing political tension in Nepal as the homegrown FMCG giant is expecting its juice sales to dip 10-15 per cent in October-November due to disruption of supplies from its plant in the Himalayan nation.
9.15 am: The BSE Sensex and NSE Nifty opened in red on Friday tracking weak global markets. Sensex opened 76.56 points down at 25,810.06, while NSE Nifty50 index opened 46.55 points down at 7,817.60.
Shares of public sector lender Dena Bank will remain in focus as the bank has got board approval for dilution of government holding to up to 52 per cent and raise capital up to Rs 2,500 crore from various bonds. Government shareholding in the bank was 65 per cent at the end of September 30.
Asian shares slipped while the euro retained lavish gains on Friday, a day after its biggest one-day surge in nearly seven years as the European Central Bank’s stimulus package fell well short of markets’ high expectations.
Investors are now focused on US jobs data, which is likely to cement expectations that the Federal Reserve will hike interest rates later this month, barring surprisingly weak readings.
The S&P 500 suffered its biggest daily drop since late September on Thursday as the European Central Bank disappointed market hopes for greater stimulus. The Dow Jones industrial average fell 252.01 points, or 1.42 per cent, to 17,477.67, the S&P 500 lost 29.89 points, or 1.44 per cent, to 2,049.62 and the Nasdaq Composite dropped 85.70 points, or 1.67 per cent, to 5,037.53.
Back home, benchmark indices fell for the second day in a row on Thursday after hawkish comments from the US Federal Reserve Chair Janet Yellen reinforced the case for an interest rate hike later this month. Market sentiment also hurt after a business survey released on Thursday showed India’s services industry barely expanded in November, growing at its weakest pace in five months.
The BSE Sensex closed 231.23 points down at 25,886.62, while Nifty50 index settled 67.20 points down at 7,864.15.
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