Live: Sensex, Nifty volatile on F&O expiry; IVRCL plunges over 6%
Benchmark indices BSE Sensex and NSE Nifty wiped off their initial gains and were trading in red in the late afternoon trade.
3.11 pm: Shares of Tata Motors DVR, Aurobindo Pharma, Bharti Infratel and Eicher Motors were trading higher on account of inclusion in the Nifty 50-pack from April 1.
3.09 pm: The market turned highly volatile in the last leg of trade on account of F&O expiry today. Sensex was down 15.65 points at 25,322.
2.57 pm: The 30-share index plunged further and was trading 112 points down at 25,226. Nifty was down 31.15 points at 7,704.
2.54 pm: Sensex was trading 84 points down at 25254. Nifty was down 19.25 points at 7,715.
2.45 pm: Sensex slipped 46.23 points or 0.18 per cent to 25,292.35 after European shares retreated. The pan-European FTSEurofirst 300 index slid 1.1 percent. Nifty was trading 4 points down to 7,731.20.
2.25 pm: European shares fell on Thursday, retreating after solid gains made in the previous session following dovish comments from the head of the U.S. Federal Reserve, while French telecom stocks underperformed.
2.22 pm: IVRCL shares were trading over 6 per cent down at Rs 6.34 per cent in the afternoon trade. Sensex was up 70 points at 25,409. Nifty was trading 24.15 points up at 7,759.
2.16 pm: Shares of gas distributors remained in focus on Thursday after the government cuts natural gas prices by 20 per cent to $3.06 per mmbtu for April-September period. Gas distributors such as Gujarat Gas, Indraprastha Gas (IGL) and Petronet LNG were trading higher by 3.23 per cent, 1.88 per cent and 0.49 per cent, respectively, in the afternoon deals. READ MORE
1.37 pm: Jain Irrigation Systems (JISL) shares rose by nearly 4 per cent today after the company’s food
processing arm raised Rs 402 crore from Mandala Capital.
1.34 pm: Sysco Industries on Thursday came out with an initial public offering (IPO) of 21,70,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 10 per equity share. The issue will close on April 5. The shares will be listed on SME platform of BSE and is priced at par of its face value of Rs 10. Book running lead manager to the issue is Pantomath Capital Advisors.
Read More: For stocks which are in focus today click here
1.25 pm: Gammon India shares surged nearly 10 per cent intraday on Thursday after the company said it is all set to consider a proposal received from an investor for investment in the company’s Engineering Procurement & Construction (EPC) business. READ MORE
1.08 pm: Jindal Steel and Power (JSPL) shares were trading 3.64 per cent up at Rs 59.85. Naveen Jindal’s brother Ratan Jindal has resigned from the Board of Directors of the cash-strapped JSPL. Sensex was up 42.95 points at 25,381.
12.45 pm: Indian equity markets are likely to see another volatile quarter and given the rich valuations
and positioning, the country is likely to underperform during April-June period, says a Morgan Stanley report.
12.38 pm: Sensex was up 78.67 points up at 25417.25. Nifty was up 23 points at 7758.20. Sectorwise, the BSE Power index was trading 0.93 per cent up at 1,777.65, it was followed by BSE Healthcare (up 0.80 per cent), BSE FMCG index (up 0.71 per cent) and BSE Bankex (up 0.53 per cent). On the other hand, BSE Consumer Durables and BSE Oil & Gas were down 0.49 per cent and 0.47 per cent, respectively.
12.03 pm: Meanwhile, Ashok Leyland and Hero MotoCorp hit their fresh 52-week high of Rs 109 and Rs 2,985, respectively. The 30-share index was up 85.54 points, or 0.34 per cent, at 25,424. The 50-share index was trading 27.80 points up at 7,763.
11.34 am: Natco Pharma shares climbed over 6 per cent intraday in morning trade on Thursday after the company approved the sale of ‘Save Mart Pharmacy Stores’ located in US which is a non-core business of the company.
11.01 am: PNC Infratech has been declared the L1 (lowest) bidder for the project of four laning of Nagina-Kashipur section of NH-74 from km 73 to km 175 in the states of Uttarakhand and Uttar Pradesh under NHDP IV. The contract amount for this NHAI project, to be executed on EPC basis, is Rs 1,155.70 crore. Shares of PNC Infratech were trading 2.10 per cent up at Rs 516. Sensex was up 110 points at 25,449.
10.41 am: Sensex was trading 97 points up at 25,435. Nifty was up 27.15 points at 7,762.
10.29 am: Adani Enterprises’ 100 per cent subsidiary — Adani Aero Defence Systems & Technologies has signed the statement of intent with Alpha Design Technologies to co-operate and work together in the field of Unmanned Aircraft Systems (UAS) in India. Shares of Adani Enterprises were trading 2.41 per cent up at Rs 74.25.
10.01 am: Sensex was trading 115 points up at 25453.93. Nifty was up 23.75 points at 7,758.95. Today is the last trading session of March contracts in the derivatives segment.
9.40 am: Rising for the fifth day, the rupee strengthened by 6 paise to 66.31 against the US dollar in
early trade on continued selling of dollar by banks and exporters amid increased foreign fund inflows. Sensex was up 31.13 points at 25,369.
9.26 am: In the 50-share index, Vedanta was trading 4.15 per cent up at Rs 95.45, followed by Lupin (up 1.36 per cent) and Ultratech Cement (up 1 per cent). Nifty was trading 8.60 points up at 7,743. Sensex was up 43.39 points at 2,5380.
Hindustan Zinc on Wednesday announced that it will pay Rs 10,141 crore as dividend, which includes Rs 3,000 crore to the government, to its shareholders for the 2015-16 fiscal, the highest by any private company. In 2002-03, the government sold its 64.92 per cent stake in HZL to mining baron Anil Agarwal-led Vednata Resources, while retaining 29.54 per cent. READ MORE
9.15 am: The BSE Sensex opened 26.17 points up at 25364.75, while Nifty opened 7.55 points up at 7,727.65. Markets are likely to remain volatile ahead of F&O expiry.
8.36 am: The BSE Sensex and NSE Nifty are likely to open on a flat note on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm Asian cues.
At 8.21 am (IST), SGX Nifty was trading 0.50 points, or 0.01 per cent, down at 7,744.50.
Asian shares edged up to a four-month high on Thursday, taking cues from Wall Street gains overnight, as receding worries of near-term US interest rate hikes continued to buoy risk sentiment.
The Dow Jones industrial average added 0.47 per cent at 17,716.66 and the Nasdaq Composite also added 0.47 per cent to 4,869.29.
Domestic benchmark Sensex surged by 438 points on Wednesday to snap a two-session losing run, tracking firm global trend after the US Federal Reserve softened its stance on rate hikes, while value-buying in recent losers also helped the index post biggest single-day rally in nearly a month. The 50-share NSE Nifty reclaimed the 7,700-mark by gaining 138.20 points or 1.82 per cent to 7,735.20.
(With agency inputs)