Sensex Ends Firm on Last Session of 2016

Stock market continued with the positive momentum and headed for a firm close for the week. At the closing bell, the BSE Sensex closed higher by 260 points, whereas the NSE Nifty finished higher by 82 points.

The S&P BSE Midcap ended up by 1.1% while the S&P BSE Small Cap finished up by 0.8%. All sectoral indices ended the day on a positive note. FMCG stocks and power stocks witnessed the maximum buying interest.

The rupee was trading at Rs 67.95 against the US$ in the afternoon session. Oil prices were trading at US$ 54.01 at the time of writing this share market news.

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For the terms of use, go here.

Sensex Finishes Up 155 Points

After witnessing subdued session of trades, the Indian share market finished marginally higher on selective buying amid expiry of December futures and options (F&O) contracts even as Asian cues remained mixed.

At the closing bell, the BSE Sensex closed higher by 155 points, whereas the NSE Nifty finished higher by 70 points.

The S&P BSE Midcap ended up by 1.3% while the S&P BSE Small Cap finished up by 1.1%. Almost all sectoral indices ended the day on a positive note. Metal stocks, FMCG stocks, and energy stocks witnessed the maximum buying interest. 

Here is a complete list of BSE gainers today.

The rupee was trading at Rs 68.12 against the US$ in the afternoon session. Oil prices were trading at US$ 53.78 at the time of writing this share market news.

According to an article in Livemint, TVS Motor Co has been granted an Indian patent for automatic hybrid transmission (AHT) system for two-wheelers. The invention is related to a system involving a combination of a fixed speed transmission mechanism (FSTM) and a continuously variable transmission mechanism (CVTM).

TVS Motors share price finished up by 3.7%.

Moving on to the news from stocks in engineering sector.

As per an article in a leading financial daily, Bharat Heavy Electricals Limited (BHEL) has successfully commissioned another 600 MW coal-based thermal power plant in Telangana.

BHEL share price ended the day down by 0.3%.

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

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Sensex Ends Flat; Pharma Stocks Surge

Indian share market witnessed some selling pressure in the afternoon session to finish on a flat note.

At the closing bell, the BSE Sensex stood lower by 3 points, while the NSE Nifty finished up by 2 points.

The S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 0.6% and 0.9% respectively. Gains were largely seen in FMCG sector, pharma stocks and IT stocks. Meanwhile, capital goods and energy stocks led the losses.

Here is a complete list of BSE gainers today.

The rupee was trading at 68.23 against the US$ in the afternoon session. Oil prices were trading at US$ 54.14 at the time of writing this share market news.

Steel stocks finished the trading day on a mixed note with Jindal Steel & Power and Tata Sponge leading the gains.

Moving on to news from stocks in power sector.

NTPC share price finished the trading day on an encouraging note (up 0.2%) after it was reported that the company’s total installed capacity increased to 48,028 MW following the commissioning of 800 MW unit at Kudgi in Karnataka.

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Sensex Surges Over 400 Points

Stock market in India continued to witness strong buying momentum in the afternoon session on the back of value buying in blue chip companies. ITC share price and Tata Steel share price finished up by 4% and 3.2% respectively. Sentiments also remained positive amid firm European markets.

At the closing bell, the BSE Sensex stood higher by 406 points, while the NSE Nifty finished up by 125 points. The S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 1.7% and 1.5% respectively. Gains were largely seen in FMCG sector, and metal stocks. (Here is the list of BSE Gainers today.)

Bharti Airtel share price finished the trading day up by 1.2% on the BSE after it was reported that the company has given network modernization and expansion contract worth over US$120 million to Swedish gear maker Ericsson for Delhi.

The rupee was trading at 68.00 against the US$ in the afternoon session. At the time of writing this share market news, Oil prices were trading at US$ 53.21.

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Sensex Finishes Weak

Stock market in India remained negative and headed for a weak close on fears of likely increase in long term capital gains tax.

At the closing bell, the BSE Sensex closed lower by 234 points, whereas the NSE Nifty finished lower by 78 points. The S&P BSE Midcap ended down by 2.2% while the S&P BSE Small Cap finished down by 2.1%. All sectoral indices ended the day on a negative note.

Metal stocks, realty stocks and pharma stocks witnessed the maximum brunt.

Here is a list of BSE gainers today.

According to an article in The Economic Times, Tata Steel has signed an agreement to acquire Odisha-based iron ore pellet manufacturer Brahmani River Pellets Ltd (BRPL) for Rs 9 billion in cash.

Tata Steel share price finished down by 2.6%.

Moving on to the news from stocks in pharma sector.

Sun Pharma share price ended the day down by 1.9.

At the time of writing this share market news, oil prices were trading at US$ 53.23.

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For terms of use, go here.

Sensex Finishes in Red; Pharma Stocks Continue to Drag

Indian share markets fell in the final hour of trade to finish in the red for sixth straight session. 

At the closing bell, the BSE Sensex stood lower by 66 points, while the NSE Nifty finished down by 21 points. The S&P BSE Mid Cap finished down by 0.2% while the S&P BSE Small Cap finished on a flat note. Losses were largely seen in FMCG, IT and capital goods’ stocks.   

Asian markets finished mixed, losing some of the optimism after Dow Jones hit a new record close overnight. The Shanghai Composite gained 1.11% and the Hang Seng rose 0.37%. The Nikkei 225 lost 0.26%. European markets are mixed today. The DAX is up 0.08% while the FTSE 100 gains 0.01%. The CAC 40 is off 0.06%.

The rupee was trading at 67.87 against the US$ in the afternoon session. Oil prices were trading at US$ 53.66 at the time of writing.

Gold imports witnessed a fall of 30.5% to $15.74 billion in April-November of the current fiscal. The total imports of the precious metal in the corresponding period of 2015-16 stood at US$22.64 billion. According to the commerce ministry data, the gold imports however grew for the second straight month in November by rising 23.24% to US$4.36 billion. 

Moving on to news from stocks in pharma sector. According to an article in Livemint, The US Food and Drug Administration (USFDA) has reportedly issued Form 483 observations against Unit I of Aurobindo Pharma in Hyderabad. The plant is used for manufacturing of active pharmaceutical ingredients (APIs). The unit contributes over 20% of the company's total revenues.

Aurobindo Pharma’s share price finished the day down by 1.2%.

Meanwhile, Wockhardt announced that the UK health regulator has confirmed that its manufacturing facility at Chikalthana in Maharashtra complies with good manufacturing practices (GMP). In September, the UKMHRA had completed inspection of Chikalthana plant without any critical observations on the facility.

Wockhardt’s share price finished the trading day down by 1.7% on the BSE.

Read the complete Indian stock market update. For terms of use, go here.

Sensex Finishes on a Dull Note; Pharma & Banking Stocks Drag

Indian share markets continued to trade flat with negative bias in the afternoon session amid mixed international markets.  

At the closing bell, the BSE Sensex stood lower by 67 points, while the NSE Nifty finished down by 22 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 1.4% and 0.9% respectively. Losses were largely seen in pharma, banking and PSU stocks.   

Asian shares traded mostly higher with the exception of China and Hong Kong as continued capital outflows from the country weighed on sentiment. Japan’s Nikkei 225 gained 0.53% after the Bank of Japan kept monetary policy steady and offered a brighter view of the economy. 

While, the Shanghai Composite & the Hang Seng fell 0.49% and 0.47% respectively. European markets are mixed. The CAC 40 is higher by 0.20%, while the FTSE 100 & the DAX are down 0.21% and 0.06% respectively.

The rupee was trading at 67.90 against the US$ in the afternoon session. Oil prices were trading at US$ 53.23 at the time of writing. 

According to a leading financial daily, Glenmark Pharmaceuticals is planning to spend US$ 100 million each over the three years period towards capital expenditure. The company plans to expand existing units and increase their footprints in the global market.

The company is reportedly spending 9-10% on research and development and now looking at spending 11% of sales in the coming years. The firm is also looking at CAGR of 15-20% topline growth over the next 5 years period. 

Glenmark Pharma’s share price finished the trading day down by 0.6% on the BSE.

In another development, according to an article in Livemint, sales of consumer durables and appliances have declined around 40% since the government withdrew Rs 500 and Rs 1000 banknotes on 9 November. Leading consumer goods firms have postponed new launches and stalled or slashed expenditure on marketing in the December quarter.

Makers of durable goods are launching new schemes to tempt consumers to go cashless. Some of them are also extending discount offers and promotions such as waiver of processing fees and instalment schemes with delayed start of payments. At this stage, no manufacturer will consider raising prices since the market is down.

Read the complete Indian stock market update. For terms of use, go here.

Sensex Closes on a Negative Note; HDFC Finishes Down by 1.6%

Indian share markets began the trading week on a negative note and finished in red for a fourth straight session amid weak global markets.  

At the closing bell, the BSE Sensex stood lower by 115 points, while the NSE Nifty finished down by 35 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 0.5% respectively. Losses were largely seen in pharma and consumer durable stocks.   

Asian markets finished broadly lower today as China’s bond market witnessed a sell-off last week amid tightening of short-term credit by China's central bank. European markets are mixed.

The rupee was trading at 67.80 against the US$ in the afternoon session. Oil prices were trading at US$ 51.28 at the time of writing.

According to a leading financial daily, ONGC’s overseas arm - ONGC Videsh (OVL) has raised US$1 billion through a US dollar bonds issue to finance its acquisition of 15% stake in Russia’s second biggest oil field Vankor. The proceeds of the issue would go to refinance a US$1.2 billion bridge loan the company had taken from a group of foreign banks to make payments for the US$1.268 billion acquisition.

ONGC’s share price finished the trading day down by 0.1% on the BSE.

Moving on to news from stocks in investment and finance sector.  According to an article in The Financial Express, the Reserve Bank of India (RBI) has granted mortgage major Housing Development Finance Corporation (HDFC) a permission to raise another Rs 30 billion through masala bonds. The masala bonds are rupee denominated bonds where the investor takes the currency fluctuation risk while the borrowers don't bear the risk. Such bonds are ways to raise capital in overseas in rupees rather than in local currency.

HDFC’s share price ended the day down by 1.6%.

SENSEX Finishes Flat

The Indian share market remained flat and headed for a close below the dotted line.

At the closing bell, the BSE Sensex closed lower by 39 points, whereas the NSE Nifty finished lower by 13 points.

The S&P BSE Midcap ended flat while the S&P BSE Small Cap finished down by 0.3%.

Sectoral indices ended the day on a flat note. Metal sector and realty stocks led the losses. While, information technology and FMCG stocks witnessed maximum buying activity.

You can check the BSE gainers today.

The rupee was trading at Rs 67.78 against the US$ in the afternoon session. Oil prices were trading at US$ 50.77 at the time of writing this share market news.

According to an article in Livemint, Bharat Heavy Electricals Ltd (BHEL) has bagged a major order from Indian Railways for supply of IGBT-based traction converters. The order is for the supply of 118 sets of IGBT-based Traction Converters for 3 Phase 6,000 HP Electric Locomotives from the Railways.

BHEL share price ended the day down by 2.2%

Moving on to the news from stocks in Pharma sector.

Claris Lifesciences share price surged as much as 20% after the company said it will sell its global generic injectables business to US-based Baxter International Inc. for US$625 million.

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For terms of use, go here.

SENSEX Finishes Flat

Indian share market finished the volatile day on a dull note as the dollar rose sharply after the Federal Reserve's first interest rate rise this year and its hawkish rate outlook for 2017. The Fed's 25 basis points rate hike was widely anticipated by the market, but it was the projected trajectory of three rate hikes for 2017 that raised concerns.

At the closing bell, the BSE Sensex stood lower by 84 points, while the NSE Nifty finished down by 29 points. The S&P BSE Mid Cap finished flat, while the S&P BSE Small Cap finished up by 0.2%. Losses were largely seen in pharma sector and FMCG stocks.

Here is a list of BSE gainers today.

At the time of writing this share market news, oil prices were trading at US$ 51.28 while the rupee was trading at 67.80 against the US dollar.

Infosys share price finished the day down by 0.6% on the BSE.

Wipro share price finished the trading day up by 0.3%.

If you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For terms of use, go here.

Sensex Finishes Down 95 Points Ahead of US Fed Decision

The Indian share markets witnessed some selling pressure during the afternoon session and finished the day below the dotted line ahead of US Fed rate decision to be announced today.

At the closing bell, the BSE Sensex closed lower by 95 points, whereas the NSE Nifty finished down by 39 points.

The S&P BSE Midcap & the S&P BSE Smallcap finished down by 0.8% and 0.9% respectively.

Barring IT sector and realty stocks, all sectoral indices ended the day in red. Metal stocks and PSU stocks led the losses.

Meanwhile, here is a list of BSE gainers today.

Moving on to the news from stocks in Pharma sector.

The pharma industry as whole is undergoing regulatory crackdowns. Considering the pharma’s regulatory distresses, are Indian pharma companies now adapting to the scrutiny by the USFDA? (Subscription Required. Our pharma sector analyst, Bhavita Nagrani, is of the opinion that Lupin was able to insulate its growth despite rising pressures in the sector. She has recently shared a detailed view on the company and valuations in the recommendation report of The India Letter.

Lupin share price ended the day down by 0.4%.

As we wrote this share market news, oil prices were trading at US$ 52.37.

At last, if you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For terms of use, go here.

Sensex Finishes Firm

Indian share market gathered some momentum in the afternoon session and finished the trading day on a positive note amid strong international markets. 

At the closing bell, the BSE Sensex stood higher by 183 points, while the NSE Nifty finished up by 51 points.

Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 0.4% and 0.1% respectively. Gains were largely seen in auto sector and IT stocks.  Here is a list of BSE gainers today.

Mining stocks finished the day in red with MMTC Ltd and Gujarat Mineral Development Corp Ltd leading the losses.

Moving on to news from stocks in oil & gas sector.

According to an article in The Economic Times, India’s oil demand grew 12% in November as customers rushed to petrol pumps to purchase fuel with their old currency notes after the government demonetized high-value notes.

In another development, Indian Oil Corporation share price finished the trading day on an optimistic note (up 2%) after it was reported that the company is in advance talk to acquire 26% stake in debt-laden Gujarat State Petroleum Corporation’s (GPSC). GPSC has almost-completed Rs 45 billion Mundra LNG import terminal in Gujarat.

At the time of writing this share market news, the rupee was trading at 67.49 against the US$ while the Oil prices were trading at US$ 53.07.

At last, if you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For terms of use, go here.

Sensex Finishes in the Red

Indian share market began the trading week on a weak note amid mixed global markets.

At the closing bell, the BSE Sensex stood lower by 231 points (down 0.9%), while the NSE Nifty finished down by 91 points (down 1.1%).

Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished down by 1.1% and 0.7% respectively. Losses were largely seen in auto sector and bank stocks.

Here is a list of BSE gainers today.

At the time of writing this share market news, the rupee was trading at 67.46 against the US$ in the afternoon session.

At last, if you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For terms of use, go here.

Sensex Finishes Flat; Metal & Auto Stocks Drag

Indian share market finished the week on a flat note with positive bias amid mixed global markets.

At the closing bell, the BSE Sensex stood higher by 53 points, while the NSE Nifty finished up by 15 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 0.2% and 0.5% respectively.

Gains were largely seen in realty stocks and bank stocks.  

Moving on to news from stocks in steel sector.

As per an article in The Livemint, Steel Authority of India Limited (SAIL) reported a decline in standalone net loss at Rs 7.30 billion for the quarter ended September 30, helped by a strong marketing push and cost optimization measures. The company had posted a net loss of Rs. 11.08 billion in the year-ago period.

Total standalone income of the company rose by 21% to Rs 125.77 billion in July-September quarter this fiscal from Rs 103.78 billion during the same quarter in 2015-16.

Indian Steel Sector contributed 2% to overall Gross Domestic Product of the country during 2015-16. India is close to acquiring the second position in crude steel production if it continues with its current growth rate. According to the latest report of World Steel Association (WSA), India’s steel production during January-October 2016 grew by 6.8% to reach 79.5 million tonnes, even as global steel output saw a 0.1% contraction.

SAIL share price finished the trading day up by 3.2% on the BSE.

At the time of writing this share market news, the rupee was trading at 67.58 against the US$ and Oil prices were trading at US$ 51.19.

At last, if you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the complete Indian stock market update. For terms of use, go here.

Sensex, Nifty Finish Strong; Banking Sector Up 1.6%

Indian share market maintained the upbeat mood in the afternoon session supported by positive global cues along with gains in metal stocks, auto sector and IT stocks.

At the closing bell, the BSE Sensex stood higher by 457 points, while the NSE Nifty finished up by 145 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 1.5% and 1.3% respectively. 

Asian markets finished mixed as of the most recent closing prices.

According to an article in The Economic Times, Public sector banks (PSBs) have written off Rs 1.54 trillion of bad loans between April 2013 and June 2016. During 2013-14, all PSBs written off Rs 344 billion non-performing assets (NPAs). The amount increased further to Rs 490 billion in the following year.

(Looking for Bank stocks?)

PSB’s finished the trading day on a firm note with Indian Bank share price and SBI share price ending in green. Here is a complete list of BSE gainers today.

At the time of writing this share market news, the rupee was trading at 67.43 against the US$ and Oil prices were trading at US$ 50.07.

At last, if you have any query, use Equitymaster's online stock screener to scan stocks listed in BSE and NSE stock exchanges in India using various key metrics like share price, market cap, P/E ratio, dividend yield and more.

Read the full Indian stock market update. For terms of use, go here.