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Sensex slips into red after opening 102 points up, Nifty below 8,680

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by October 17, 2016 General
BSE Sensex, NSE Nifty, stocks in focus The BSE Sensex opened 102.54 points, or 0.37 per cent, up at 27776.14, while NSE Nifty opened 29.55 points, or 0.34 per cent, up at 8,612.95.

9.45 am: Shares of Ujaas Energy were trading 4.09 per cent up at Rs 24.20. The company has won order from Uttarakhand Renewable Energy Development Agency (UREDA) for Grid Interactive Rooftop & small Solar PV Power Plant of up to 5Kwp. The order is for design, manufacture, supply, erection, testing and commissioning of Grid Interactive Rooftop and Small Solar PV Power Plants on 364 houses with a capacity of 4 & 5 Kwp at various locations in two districts of Uttarakhand. Sensex was trading 67.74 points up at 27741.

9.23 am: In the Nifty 50 index, ICICI Bank, NTPC, Infosys, BPCL and State Bank of India were up between 0.64 per cent and 3.03 per cent. On the other hand, Kotak Mahindra Bank, Zee Entertainment, Hindalco, IndusInd Bank and Asian Paints were down between 0.72 per cent and 1.33 per cent.

9.21 am: The BSE Sensex was trading 14.02 points points up at 27687. Nifty was down 11.50 points at 8,571.

9.16 am: Petrol price on October 15 was hiked by Rs 1.34 a litre, the fifth increase in two months, and diesel by Rs 2.37 a litre on back of spike in global rates. The hike announced by oil companies is excluding state levies. Oil marketing companies, HPCL, BPCL and IOC were up by 1 percent, 0.49 per cent and 0.33 per cent, respectively.

9.15 AM: The BSE  Sensex opened 102.54 points, or 0.37 per cent, up at 27776.14, while NSE Nifty opened 29.55 points, or 0.34 per cent, up at 8,612.95.

PRE-MARKETS

The BSE Sensex and NSE Nifty are likely to open in red on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. At 8.16 am IST, SGX Nifty was trading 34 points down at 8,577.

Asian shares dipped on Monday while the dollar held firm near seven-month high against a basket of major currencies after comments from Federal Reserve Chair Janet Yellen boosted long-dated US bond yields. Hang Seng was trading down by 0.55 per cent in the morning trade, while Nikkei was up by 0.15 per cent.

Shares of DHFL and UltraTech Cement will remain in focus as they will announce their financial results for the quarter ended September 2016 today.

On Wall Street, the Dow Jones Industrial Average index closed up 39.44 points, or 0.22 per cent, at 18,138.38 on Friday. The S&P 500 index advanced 0.43 points, or 0.02 per cent, to 2,132.98 and the Nasdaq Composite added 0.83 points, or 0.02 per cent, to 5,214.16.

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