Sensex Ends Nearly 150 Points Higher on Buying in Banking Stocks

Sharemasterindia.com 3:30 p.m.: The Sensex advanced 145 points to provisionally close at 28,091 and Nifty rose 41 points to settle at 8,486.

3:10 p.m.: The Indian markets continued to trade on a firm note in the late trades. The Sensex was up 121 points at 28,066 and the Nifty jumped 34 points to 8,478 on the back of buying financial stocks.

Bluechip stocks such as HDFC, IndusInd Bank, HDFC Bank, ICICI Bank, State Bank of India and Bank of Baroda were among the top gainers on the Nifty which were supporting the benchmark index.

Nifty Gainers/ Losers

 Nifty Gainers/ Losers

Gainers
Symbol	LTP	% chng	Volume
INDUSINDBK HDFC HEROMOTOCO HDFCBANK LUPIN	898.10 1,321.25 2,582.00 1,074.95 1,899.60	3.26 2.81 2.12 1.58 1.57	10,62,762 24,09,605 2,66,747 9,91,603 8,61,311

 

Losers
Symbol	LTP	% chng	Volume
VEDL TECHM CAIRN COALINDIA WIPRO	170.40 471.30 183.25 417.55 549.15	-1.82 -1.67 -1.58 -1.53 -1.19	18,70,651 27,43,573 14,68,638 23,35,630 8,29,599

Do visit for: NSE Top Gainers & Losers

China Stocks Tumble Again as Government Hunts Bull Market Killer

Shanghai(Sharemasterindia.com): China stocks slumped again on Friday, taking their three-week tumble to nearly 30 per cent and wiping out most of this year's gains, prompting regulators to launch investigations into suspected market manipulation.

The Shanghai Composite Index plummeted more than 7 per cent at one point in early trade. It ended the morning session down 3.3 per cent at 3.785.6 points, heading for a weekly loss of nearly 10 per cent.

The CSI300 Index was down 2.4 per cent at 4.009.6, after sliding close to 8 per cent earlier.

DB Realty Surges 5% on Commencement of Bandra Project in Mumbai

Sharemasterindia.com: D B Realty shares surged as much as 5 per cent to intraday high of Rs 68.90 on Friday after the company announced beginning of construction for residential project in Bandra Kurla Complex (BKC), Mumbai.
 
The Mumbai based realtor in a release to Bombay Stock Exchanges said "MIG (Bandra) Realtors & Builders, a wholly-owned subsidiary of DB Realty, has undertaken development of land spread across 20,150 sq mt in the BKC."

ABB India to Raise Rs 600 Cr Through NCDs

Sharemasterindia.com: ABB India's board has given its approval to raise Rs 600 crore through non-convertible debentures (NCDs) on private placement basis.

"The Board of Directors of the Company at its meeting held on July 02, 2015, approved the proposal to raise money to the extent of Rs 600 crore by way of issuance of unsecured listed redeemable non-convertible debentures on private placement basis to investors," the company said in a regulatory filing today.

Lupin Gains Over 2% on Russian Acquisition

Sharemasterindia.com: Lupin shares gained as much as 2.5 per cent to hit intraday high of Rs 1,917 on Friday after the company said on Thursday that it has acquired 100 per cent equity in Russian pharmaceutical company ZAO "Biocom" for an undisclosed amount, making its foray into the rapidly growing Russian pharmaceutical market.
 
The acquisition of Biocom marks Lupin's foray into the Russian pharmaceutical market which recorded 765 billion rubles in sales, placing it as one of the top 10 pharmaceutical markets in the world in 2014, Lupin said in a release to Bombay Stock Exchange.

Live: Sensex Jumps Over 100 Points, Nifty Above 8,450

Sharemasterindia.com 9:40 a.m.: The broader markets were seen outperforming the benchmark indices. The BSE mid-cap index advanced 0.5 per cent and the small-cap index gained 0.7 per cent.

United Breweries, Aditya Birla Nuvo, Indian Bank, Exide Industries, Nalco, Biocon, Alstom T&D, Cummins India and Bajaj Finserv were among the top mid-cap gainers.

9:30 a.m.: The Sensex jumped 107 points to 28,053 and the Nifty advanced 28 points to 8,473 on the back of broad-based buying.