Friday, June 5, 2015

Live: Sensex Falls 50 Points, Nifty Near 8,100 on Selling in Banking Stocks

Sharemasterindia.com 3:23 p.m.: Sensex falls 78 points to 26,735 and Nifty down 22 points to 8,109. Banking, realty, auto and IT stocks among the top gainers.

3:13 p.m.: Blue-chip counters such as ICICI Bank, Tata Motors, HDFC, Infosys, Reliance Industries, TCS and Axis Bank trading on a weak note.

3:05 p.m.: Markets in negative territory; Sensex falls 41 points to 26,772 and Nifty down 16 points at 8,114.

2:56 p.m.: Markets comes off day's high again, on the back of selling in banking, IT, realty and auto stocks. Sensex up 20 points at 26,833 and Nifty gives up all its gains to trade flat at 8,131.

2.50 p.m.: Coal India gains over 5 per cent to be the top gainer among the Nifty-50 stocks. Morgan Stanley has upgraded Coal India to "overweight" from "equal-weight."

Similarly Sun Pharma, which slumped 13.9 per cent over the previous four sessions after disappointing earnings in the January-March quarter gains over 3 per cent.

2:45 p.m.: Top mid-cap gainers- Bhushan Steel, Monnet Ispat, Lycos internet, Jubilant Life Sciences, Jammu & Kashmir Bank, up 5-20 per cent.

2:17 p.m.: The Sensex advanced 189 points to 27,002 and Nifty was up 53 points at 8,184 led by gains in metal, capital goods and FMCG stocks. From the FMCG space, Britannia Industries, Hindustan Uniliver, Gogrej Industries, Emami and ITC were among the top gainers.

And, from the capital goods space, BEML, Reliance Industrial Infrastructure, Gammon India, Sadbhav Engineering, Larsen & Toubro, Siemens India, Suzlon Energy and Alstom T&D were among the top gainers.

2:08 p.m.: Buying visible in metal stocks. Bhushan Steel, NMDC, Tata Steel, Coal India, SAIL and Jindal Steel among the top gainers.

2:00 p.m.: Sensex gains 134 points to 26,948 and Nifty jumps 38 points to 8,169 on the back of gains in metal, power, capital goods and FMCG stocks.

1:48 p.m.: Banking stocks edge lower; Bank Nifty down 0.45 per cent. ICICI Bank, IndusInd Bank, Bank of India, Canara Bank and Axis Bank among top losers.

1:28 p.m.: Coal India, Zee Entertainment, GAIL India, Sun Pharma, Idea Cellular and Mahindra & Mahindra among the top gainers on the Nifty.

1:14 p.m.: Idea Cellular shares gained over 3 per cent to an intraday high of Rs 179.35 on Friday. According to Press Trust of India, the company has reportedly increased data tariffs in the Delhi circle by up to 18 per cent for pre-paid customers with effect from June 3. 12:50 p.m.: Sensex turned volatile in the afternoon deals. The Sensex again jumps over 100 points to 26,922 and the Nifty trades above 8,150.

12:40 p.m.: Nestle shares staged a sharp recovery on Friday, gaining nearly 2 per cent, after earlier falling by as much as 5 per cent in morning deals. The company's global CEO held a press conference to address concerns around Maggi noodles, which has been under country-wide scrutiny for high lead content and mono-sodium glutamate or MSG, a taste enhancer.

"Maggi noodles are safe for consumption... We follow the same quality standards, safety procedures everyone in the world," said Paul Bulcke, CEO of Nestle Worldwide.

12:34 p.m.: The Sensex came off the intraday high levels after a sudden spike. Sensex up 16 points at 26,829 and Nifty up 3 points at 8,133. Selling pressure visible in power, realty, auto and IT stocks.

12:30 p.m.: IT, auto and realty stocks trade with a negative bias. BSE auto index down 0.2 per cent; Tata Motors, Apollo Tyres, Bharat Forge and Cummins India among the top losers.

12:24 p.m.: Nestle CEO says trust of consumers shaken and Maggi noodles in India are safe for consumption. Nestle shares down 0.13 per cent.

12:15 p.m.: Broader markets witness buying interest. BSE mid-cap and small-cap indices up 0.7 per cent.

12:09 p.m.: Sensex advanced over 150 points to 26,970 and Nifty jumped 41 points to 8,171. Sudden buying takes markets to near intraday high levels.

12:05 p.m.: Coal India, Sun Pharma, GAIL India, Idea Cellular and NMDC among the top Nifty gainers.

12:00 p.m.: Markets jumped in noon deals. Sensex advanced 79 points to 26,892 and Nifty was up 20 points at 8,151. The Sensex and Nifty jumped in the noon deals on the back of buying in metal, capital goods, FMCG and consumer durable stocks.

11:27 a.m.: Sensex down 21 points at 26,792 and Nifty trades 10 points lower at 8,120. Ambuja Cements, Tata Motors, ACC, Bosch and Tata Consultancy Services among the top losers on the Nifty.

11:20 a.m.: Coal India shares jumped as much as 5 per cent to hit intraday high of Rs 407.70 after the company signed fuel supply agreements with non-power producers.

10:42 a.m.: Just Dial shares jumped nearly 9 per cent to hit intraday high of Rs 1,207.70 after Just Dial's board of directors approved the proposal to buy back shares.

10:20 a.m.: Nestle shares dropped as much as 4.85 per cent in morning trades on Friday following the FMCG major's Thursday decision to take Maggi noodles off the shelves. However, buying was seen at lower levels, leading to a sharp recovery in Nestle shares. 

10:00 a.m.: Sensex and Nifty recover from intraday losses; trade on a flat note with positive bias. Sensex jumps 13 points to 26,826 and Nifty up 5 points at 8,135.

Some amount of buying is seen in metal, oil & gas, power, capital goods and pharma stocks.

9:30 a.m.: Nifty and Sensex trade on a subdued note in the morning deals on Friday. Selling pressure was visible in IT, FMCG, consumer durables, auto, realty and banking stocks.

From the Nifty-50 basket of stocks, 21 stocks were among gainers while 29 stocks fell. ITC was the top Nifty loser, the stock fell 1.3 per cent to Rs 297.75. Tata Motors, Ambuja Cements, Cairn India, ACC, Bajaj Auto and Axis Bank were also among the laggards.

On the other hand, Coal India, Sun Pharma, Idea Cellular, GAIL India, Lupin, Bharti Airtel and BPCL were also among the gainers.

The overall breadth was neutral as 696 shares were advancing while 655 were declining on the Bombay Stock Exchange.

Shares in Nestle fell 2.2 per cent to Rs 5,877 amid its ongoing controversy over its flagship product Maggi.

9:15 a.m.: Markets edge lower, Sensex down 70 points at 26,743 and Nifty slips 17 points to 8,113. Selling pressure visible in banking, realty, consumer durables, FMCG and auto stocks.

9:00 a.m.: Rupee opens unchanged at 64 against YS dollar.

8:45 a.m.: Take a look at top brokerage calls for today - Maruti Suzuki, Just Dial and Tata Communications (Click here)

8:30 a.m.:  Funds on Tuesday: Foreign investors purchased a net of Rs 511.9 crore in equity markets, while domestic institutional investors bought a net of Rs 722 crore.

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