Thursday 8 September 2016

Live Stock Market Updates - Sensex, Nifty Flat

Posted by suhani varma on Thursday, September 08, 2016 with No comments

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The Indian equity market opened in red on Thursday. The S&P BSE Sensex was trading in red below its crucial 29,000 mark, while the broader Nifty50 was hovering around its key 8,900 level. The indices edged lower as index heavyweight IT stocks TCS and Infosys tanked upto 6% after country's largest software services firm issued profit warning. At 11:54 AM, the S&P BSE Sensex is trading at 28,982 up 54 points, while NSE Nifty is trading at 8,930 up 12 points.

The BSE Mid-cap Index is trading up 0.03% at 13,463 whereas BSE Small-cap Index is trading up 0.74% at 12,911. ONGC, Tata Steel, GAIL, Bajaj Auto, Hero MotoCorp and HUL are among the gainers, whereas tcs, Infosys, Wipro, NTPC, Tata Motors are losing sheen on BSE. Some buying activity is seen in oil & gas, realty, metal, energy, basic materials, telecom and capital goods sectors, while IT and power sectors are showing weakness on BSE.

The INDIA VIX is down 0.76% at 13.0450. Out of 1,852 stocks traded on the NSE, 516 declined, 1,007 advanced and 401 remained unchanged today. A total of 65 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE. Jindal Steel & Power Ltd is currently trading at Rs. 87.35, up by Rs. 2.4 or 2.83% from its previous closing of Rs. 84.95 on the BSE. The company will announce its Q1 numbers today.

Oil & Natural Gas Corp Ltd is currently trading at Rs. 250.95, up by Rs. 5.85 or 2.39% from its previous closing of Rs. 245.1 on the BSE. The company has posted a net profit after tax of Rs.4,232.5 crore for the quarter ended June 30, 2016 as compared to Rs.5368.4 crore for the quarter ended June 30, 2015.

Tata Consultancy Services Ltd is currently trading at Rs. 2320.4, down by Rs. 126.6 or 5.17% from its previous closing of Rs. 2447 on the BSE. The IT Company said it will update investors on business trends in Q2 FY17. It is seeing sequential loss of momentum in BFSI vertical and holding back of discretionary spending seen in BFSI vertical in the US, as per media reports.

Aptech Ltd is currently trading at Rs. 175.05, up by Rs. 15.9 or 9.99% from its previous closing of Rs. 159.15 on the BSE. The company made a foray into the preschool education sector through a strategic alliance with the city-based Montana International Preschool.

PNC Infratech Ltd is currently trading at Rs. 126.85, up by Rs. 4.45 or 3.64% from its previous closing of Rs. 122.4 on the BSE. The National Highways Authority of India on Wednesday said it has given a Rs.820 crore highway project in Rajasthan to PNC Infratech.

Motherson Sumi Systems Ltd is currently trading at Rs. 337, up by Rs. 0.65 or 0.19% from its previous closing of Rs. 336.35 on the BSE. Motherson Sumi Systems Ltd will be acquiring the automotive business unit of Abraham and Co. Ltd in Hungary for about Rs.77 crore.

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