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LIVE: Sensex up over 150 points, Nifty above 8,120; Maruti Suzuki gains

by June 28, 2016 General
BSE Sensex and NSE Nifty Benchmark indices opened on a flat note on Tuesday. Sensex opened 7.70 points up at 26,410.66, while Nifty opened 1.35 per cent up at 8,096.05. (Reuters)

2.25 pm: A2Z Infra Engineering surged over 15 per cent after it informed BSE that it has been awarded the notification of award/letter of award dated June 23, 2016 from Ministry of Energy and Mineral Development (The Republic of Uganda) for design, supply and construction of MV lines and associated low voltage network in various project areas along Kawanda Masaka 220KV Transmission Line for contract price of aggregating to $3.83 million. Sensex was up nearly 100 points.

2.01 pm: Panacea Biotec locked in upper circuit of 10 per cent on Tuesday after the company informed bourses that it has introduced indigenously developed high quality antidiabetic drug, TENEPAN (Teneligliptin), for treatment of Type 2 Diabetes Mellitus.

Read more: Brexit fallout, global commodity markets may remain volatile

1.30 pm: Kwality Pharmaceuticals is coming out with an initial public offering (IPO) of 13,80,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 45 per equity share. The issue will open on June 30, 2016 and will close on July 08, 2016. The shares will be listed on SME platform of BSE.

1.02 pm: Sensex surged over over 0.5 per cent after European markets opened on a strong note. The 30-share index was trading 159 points up at 26562. Nifty was up 36.90 points at 8,131. Meanwhile, ITC shares hit their new 52-week high of Rs 368.

12.41 pm: Sensex was trading 107.91 points, or 0.41 per cent, up at 26510.87 in the afternoon deals. Nifty was up 31.40 points, or 0.39 per cent, at 8,126.10.

12.25 pm: In a bid to cater to strong demand for it vehicle SUV Brezza, Maruti Suzuki India is planning to roll out 10,000 units a month from July and will ramp up production for the SUV Brezza. Shares of Maruti Suzuki were trading 0.78 per cent up at Rs 4,062.05.

11.28 am: Quess Corp, a Bengaluru-based staffing firm, is going to hit the capital market on Wednesday with initial public offering (IPO) of 1,29,03,226 shares of Rs 10 each in a price band Rs 310-317 per equity share. Read more: All you need to know about Quess Corp IPO

Also read: Advance Syntex IPO to hit markets on June 30

11.03 am: Sensex was trading 71.15 points up at 26474. Nifty was up 20.70 points at 8,115.

10.24 am:  The rupee ran up 23 paise to 67.72 against the dollar at the Interbank Foreign Exchange on Tuesday as exporters and banks stepped up dollar sale amid higher opening in the domestic equity market. Sensex was up 60 points at 26463. Nifty was trading 18.20 points up at 8,112.90.

10.20 am: Gujarat Gas shares rallied as much as 10.11 per cent in the early trade on Tuesday after the company on Monday informed bourses that it has received permission to build, operate, or expand city or local natural gas distribution network for the geographical area of Ahmedabad District.

9.36 am: Tata Communications shares rallied over 7 per cent in early trade on Tuesday after the company informed bourses that Liquid Telecom, a pan-African telecoms group, majority owned by Econet Wireless Global, has entered into an agreement to acquire South African communications network operator Neotel. Neotel is a subsidiary of Tata Communications. Read more

9.20 am: Sensex was up 32 points at 26435. Nifty was trading 20.20 points up at 8,114.90. In the 50-share index, Grasim, Cipla, Tech Mahindra, ITC and HDFC were up between 0.19 per cent and 0.62 per cent. On the other hand, Mahindra & Mahindra, Bosch, YES Bank, Sun Pharma and Tata Motors were down between 0.21 per cent and 0.28 per cent.

9.15 am: Benchmark indices opened on a flat note on Tuesday. Sensex opened 7.70 points up at 26,410.66, while Nifty opened 1.35 per cent up at 8,096.05.

8.10 am: The BSE Sensex and NSE Nifty are likely to open lower on Tuesday tracking Nifty futures on the Singapore Stock Exchange and subdued global cues.

At 7.46 am (IST), SGX Nifty was down 19.50 points, or 0.24 per cent, at 8,060.50.

Global equities took another step down in Asia on Tuesday, with regional markets sliding and sterling wallowing near three-decade lows as Britain’s shock vote to exit the European Union continued to roil financial markets.

Read more: Retail gold buyers take profits in bullion after Brexit price surge

Wall Street tumbled again on Monday after Britain’s shock vote to leave the European Union, sending major US stock indices to their worst two-day swoon in about 10 months. All three main indices xes fell at least 1.5 per cent in the wake of Thursday’s referendum that has roiled global markets and led investors to seek safe-haven assets.
Back home, equity markets on Monday traded in a tight band by ending with marginal gains amid mixed global cues. There was an element of choppiness too ahead of the June derivative contract expiry coming up on Thursday. The 30-share Sensex closed at 26,402.96, a marginal rise of 5.25 points, or 0.02 per cent. The NSE Nifty ended higher 6.10 points, or 0.08 per cent, at 8,094.70 after shuttling between 8,039.35 and 8,120.65.

Stocks in focus:
Sun Pharmaceuticals: The company on Monday approved buyback of 75 lakh shares at Rs 900 per share.

Siemens Ltd: The company announced that it has won an order worth approximately Rs 570 crore to supply Static Synchronous Compensator (STATCOM) solutions to Power Grid Corporation of India Ltd.

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