Sensex ends lower after four sessions of gains


Shares ended lower on Tuesday, snapping a four-day rally, as sentiment stayed cautious ahead of policy meetings by the Federal Reserve and the Bank of Japan later this week.

4pm: The BSE Sensex fell 0.39% to 28,523.20, having risen as much as 0.22% earlier in the session; the Nifty closed 0.37% down at 8,775.90.

2:30pm: BSE Sensex is trading lower by 125.31 points, or 0.44%, to 28,509.19, while the Nifty falls 38.70 points, or 0.44%, to 8,769.70.

2:20pm: Gammon India Ltd rises 3.5% to Rs.17.65 after the company said in a notice to BSE that it seeking shareholders nod to sell up to 75% of Gammon Engineers.

2:10pm: Reliance Infrastructure Ltd rises 0.8% to Rs.599.70. According to news report, the company has applied to Securities Exchange Board of India (Sebi) for Infrastructure investment trust.

1:55pm: Housing finance companies are trading lower. Repco Home Finance Ltd falls 4%, Housing Development Finance Corp Ltd falls 1%, Gruh Finance Ltd 0.5%, Indiabulls Housing Finance falls 0.5%, LIC Housing Finance Ltd 1.3%, Can Fin Homes Ltd falls 1.3%.

1:45pm: Tata Steel Ltd rises 1.7% to Rs.367.80. Tata Steel will pay out a total Rs.130 crore as annual bonus to its eligible employees for the year 2015-16. A Memorandum of Settlement was signed today between Tata Steel and the Tata Workers’ Union, for Annual Bonus for 2015-2016.

1:35pm: Rating firms are trading higher. Credit Analysis and Research Ltd rises 5.4%, Icra Ltd rises 1.1%, Crisil Ltd rises 0.7%.

1:25pm: Metal stocks are trading higher. Steel Authority Of India rises 2.2%, Hindustan Zinc rises 1.7%, Tata Steel Ltd rises 1.6%, Hindalco Industries Ltd 1.5%, Jindal Steel & Power Ltd rises 1.2%, NMDC rises 0.6%

1:15pm: Den Networks Ltd rises 7.2% to Rs.84 after the company said in a notice to BSE that its board approved issuing 15.80 million shares to Goldman Sachs group arm atRs.90 a share. Goldman Sachs arm to increase stake in the company to 24.5% from 17.8%.

1:05pm: Tata Motors Ltd falls 0.8% to Rs.547.65. The stock fell seven out of nine trading sessions and down 7% in this period. So far this year it gained 40.32%.

12:55pm: Auto stocks trading lower. Hero MotoCorp Ltd falls 1.9%, Bajaj Auto falls 1.6%, Tata Motors Ltd falls 0.8%, Mahindra & Mahindra Ltd falls 0.3%, TVS Motors Ltd falls 0.5%.

12:45pm: BSE Sensex is trading lower by 102.77 points, or 0.36%, to 28,531.73, while the Nifty falls 29.35 points, or 0.33%, to 8,779.05.

12:40pm: Multi Commodity Exchange of India rises 4% toRs.1029. Multi Commodity Exchange of India Ltd has informed BSE that Central Bureau of Investigation (CBI), Economic Offence Wing, Mumbai is conducting search in respect of recognition granted by SEBI to Metropolitan Stock Exchange of India Limited (formerly known as MCX Stock Exchange Limited) for starting its stock exchange in trading in currency and other segments in respect of case no. RC 9/E/2014.

12:30pm: Oil & Natural Gas Corp Ltd rises 1.6% to Rs.258.30. The stock gained for the third consecutive sessions and rose 4.64% in this period. So far this year it gained 6.7%.

12:20pm: Banking stocks are trading lower. Federal Bank falls 2.2%, Kotak Mahindra Bank 1%, Punjab National Bank falls 0.7%, ICICI Bank 0.7%, Indusind Bank 0.6%, Axis Bank 0.5%, State Bank of India 0.5%.

12:10pm: Realty stocks are trading lower. Indiabulls Real Estate Ltd falls 3.2%, DLF falls 3%, Oberoi Realty 2.4%, HDIL falls 1.4%, Unitech ltd falls 1.3%, Phoenix Mills 1%.

12:00pm: FMCG stocks falls. Godrej Consumer falls 2%, Emami Ltd 1.5%, ITC 1%, Tata Global Beverage 0.8%, Colgate Palmolive India falls 0.8%, Dabur India 0.7%, UBL 0.4%, Marico 0.4%.

11:50am: Financial Technologies India Ltd falls 3.2% toRs.80.80 after news report said that the Central Bureau of Instigation has raided its Mumbai Office.

11:40am: Mindtree Ltd falls 0.7% to Rs.501.65. Two Mindtree executive vice-presidents – Radha R and Veeraraghavan R K – have quit the firm. Radha, a 22-year IT industry veteran, took over as the head of Mindtree’s digital business last year and prior to that headed the firm’s CPG (consumer packaged goods), retail and manufacturing vertical.

11:30am: Castrol India Ltd rises 9% to Rs.462.90 after huge block deal. Around 42.2 million shares or 8.5% stake of the company have changed hands in two block deals. However, the buyer and sellers were not known, according toBloomberg report.

11:20am: Sharon Bio-Medicine Ltd rises 13% to Rs.9.50 after the company said that the US FDA approves co’s Taloja API plant.

11:10am: Infosys Ltd falls 1% to Rs.1,050.30. Infosys chief executive Vishal Sikka saw the exit of the seventh key executive in Sanjay Purohit, since he took over as the boss of India’s second largest software exporter.

11:00am: BSE Sensex is trading lower by 82.98 points, or 0.29%, to 28,551.52, while the Nifty falls 23.15 points, or 0.26%, to 8,785.25.

10:50am: IFCI rises 4.2% to Rs.29.70. Axis Bank Ltd will buy a 13.67% stake in Asset Care and Reconstruction Enterprise Ltd (ACRE) paying Rs.22.72 crore from IFCI Ltd.

10:40am: Shares of Healthcare companies are trading higher. Wockhardt Ltd rises 3.8%, Cadila Healthcare 3.3%, Biocon 2.7%, Marksans Pharma 2.6%, Stride Shasun 1.8%, Cipla 1.4%, Torrent Pharma 1.1%, Aurobindo Pharma 1%, Dr Reddy’s Laboratories 1%.

10:30am: Castrol India Ltd rises 5.5% to Rs.445.65. According to ET report BP is looking to sell 8.5% stake in Indian subsidiary Castrol IndiaBSE 5.55 % through a block deal worth Rs.1,750 crore on Tuesday.

10:20am: Bharat Rasayan Ltd rises 12% to Rs.1,700 after the company said it reported a net profit of Rs.14.52 crore in June quarter, up 76.45% from Rs.8.23 crore a year ago. Net sales rose 46% to Rs.166.25 crore.

10:10am: Mangalam Cement Ltd rises 3.4% to Rs.346. The Company has commenced Commercial Production of the New Cement Grinding Unit with a capacity of 0.75 Million Ton Per Annum (MTPA) at Aligarh, Uttar Pradesh. The overall capacity is now enhanced from 3.25 MTPA to 4.00 MTPA.

10:00am: Financial Technologies India Ltd rises 1.3% toRs.84.55. The Enforcement Directorate (ED) has issued a provisional attachment order for Rs.500 crore worth of assets against Financial Technologies India Limited (FTIL) as part of the National Spot Exchange (NSEL) money laundering probe.

9:50am: Karur Vysya Bank Ltd rises 1.8% to Rs.485. Karur Vysya Bank has informed the BSE that the board of directors of the company at its meeting held on September 19 has approved the proposal for sub-division of existing one equity share of Rs.10 each face value fully paid up into 5 equity shares of Rs.2 each face value.

9:40am: The 30-share S&P BSE Sensex is currently trading lower by 94.74 points, or 0.33%, to 28,539.76, while the Nifty 50 of the National Stock Exchange (NSE) falls 36.95 points, or 0.42%, to 8,771.45.

9:35am: Jubilant FoodWork Ltd falls 6.5% to Rs.940 after the company said its CEO and whole-time director Ajay Kaul will resign to pursue opportunities outside the company. Jubilant FoodWorks, which operates Domino’s Pizza and Dunkin’ Donuts outlets in India, said it has initiated the process of identifying his successor.

9:30am: The rupee on Tuesday is trading little changed against the US dollar at 66.96 per dollar, up 0.01% from its previous close of 66.97, as traders turned cautious ahead of two key central bank meetings.

9:25am: The 10-year bond yield stood at 6.906% compared to its Monday’s close of 6.88%.

9:20am: The dollar falls to ¥101.88 from ¥102.05 late on Monday in Asia. The euro rises to $1.1177 from $1.1165.

9:15am: Benchmark US crude loses 23 cents to $43.63 a barrel in New York. Brent crude slips 10 cents to $45.85 a barrel in London.

9:10am: Japan’s benchmark Nikkei 225 fluctuated and is up 0.4% at 16,579.19 in the morning session. Japanese markets are closed on Monday for a national holiday. South Korea’s Kospi is little changed but inches down less than 0.1% to 2,014.75 in early trading. Hong Kong’s Hang Seng dips 0.3% to 23,486.45. The Shanghai Composite falls 0.2% to 3,020.96.

9:00am: Asian shares are mostly lower on Tuesday amid a nervous wait for what might happen to interest rates from the US Federal Reserve and the Bank of Japan.

8:50am: The Dow Jones industrial average dipped 3.63 points, or less than 0.1%, to 18,120.17. The Standard & Poor’s 500 index lost 0.04 points to 2,139.12. The Nasdaq composite fell 9.54 points, or 0.2%, to 5,235.03.

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