F&O Expiry: Sensex drops 286 pts, Nifty holds 17,600; India VIX eases 2%

Stock Market LIVE: The HDFC twins and Bajaj Finance are the major contributors for the Sensex 30, while Reliance Industries, ICICI Bank, Asian Paints and Infosys are the key draggers

3:56 PM

Tech View: Rohit Singre, Senior Technical Analyst at LKP Securities

Index closed the day at 17618 with a loss of half a percent and formed a bearish candle on daily chart. One more expiry ended on a positive note with gains of 6 percent. Going forwards immediate support is coming near 17540-17440 zone if managed to hold above mentioned supports area one can expect a bounce & we may see prices to move again towards immediate hurdle zone of 17700-17800 zone, overall structure looks consolidating & on broader term we may see index to consolidate in the range of 17300-18000 mark & either side breakout will decide the final direction.

3:53 PM

CLOSING COMMENTS :: Vinod Nair, Head Of Research at Geojit Financial Services

Indian market opened on a flat note and slipped in the later half tracking weak global cues and fall in heavyweights. Worries over the US debt ceiling crisis and uptick in bond yield triggered further consolidation. The domestic market also got vigilant ahead the release of August’s core sector output data.

3:48 PM

Faze Three Autofab jumps 14% in a weak market

>> According to BSE bulk deals data, ace investor Ashish Rameshchandra Kacholia bought 450,000 shares at an average price of Rs 288.80 in trades on the BSE on Wednesday. 

 

3:47 PM

JMC Projects rallies 12% on new order win

>> JMC secures new orders of Rs 1,849 Crores

3:46 PM

ZEEL to NCLT

>> Zee board to be held today or tomorrow on EGM request

>> Meeting of independent directors to take place today

>> To communicate to shareholders directors' decision

3:44 PM

Sector Watch :: Only 3 sectors end in the green

>> Nifty Realty best performer, media & metals worst

3:43 PM

Broader markets end in the green, outperform benchmark

3:42 PM

Sensex Heatmap | Top gainers & losers at close

3:36 PM

CLOSING BELL :: Nifty ends Sept F&O expiry at 17,618

3:36 PM

CLOSING BELL :: Sensex falls 287 points amid losses in RIL, IT & Banks

3:21 PM

NCLT to INVESCO

>> No merger can take place without your approval

3:20 PM

JMC Projects secures new orders of Rs 1,849 cr

>> Orders include B&F Projects in India of Rs 857 Crores and Social Housing Project in Maldives of Rs 992 Crores
 

>> With the above orders, the company's order inflows this year have reached Rs 7,959 Crores
 

 

3:15 PM

ZEEL-INVESCO CASE

 

>> Shareholders are owners of comapny; we want MD of ZEEL to go

 

>> We requested EGM on Sept 11; co has done nothing on our reuqest

 

>> We have more than 10% sharholding in the company and can call an EGM

 

>> As per law an EGM should have been called in 21 days of notice

 

Says Mukul Rohatgi while appearing for petitioner Invesco

3:08 PM

ZEEL-Invesco case

>> NCLT begins hearing on Invesco's petition in Zee matter

2:55 PM

Prominent losers among BSE 500 stocks; Sterling & Wilson, Future Retail

Shares of Sterling & Wilsson and Future Retail have declined over 4 per cent each on the BSE and are the major losers among the BSE 500 pack. Hindustan Zinc, Future Consumer, Cams Services and Cera Sanitary, down 3 per cent each, are the other prominent losers.

2:44 PM

IPO UPDATE :: AB Sun Life AMC subscribed 86% so far on Day 2

2:37 PM

Sensex down 300 points; RIL, ICICI Bank are major draggers

Reliance Industries and ICICI Bank are the major draggers, accounting for a fall of 108 points on the BSE Sensex. Kotak Bank, Asian Paints, Axis Bank and TCS are the other major laggards

2:34 PM

Medanta files DRHP with Sebi

>> Global Health Ltd (Medanta) filed draft red herring prospectus (DRHP) in connection with its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI).

>> The IPO consists of fresh issue aggregating up to Rs 5,000 million and an offer for sale of up to 48,440,000 equity shares.

>> The Net Proceeds from the Fresh Issue are proposed to be utilised towards funding the following objects: (i) Repayment/prepayment of borrowings, in full or part, of the Subsidiaries, GHPPL and MHPL; and (ii) General corporate purposes.

2:24 PM

Realty shares witness selective buying; BSE Realty up 1.1% at 4,087

Select shares from the BSE Realty index have logged smart gains in intra-day trades so far. Brigade Eneterprises, Oberio Realty. SunTeck Realty and Phoenix Mills are up 3-5 per cent each.

2:24 PM

US stocks extend gains as volatile quarter nears end

U.S. index futures advanced and global stocks rebounded from a two-month low as a debt-ceiling deal in Washington and central-bank assurances about transitory inflation boosted optimism the economic recovery can continue. December contracts the S&P 500 Index rose 0.6 per cent as dip buyers returned to the equity markets after Tuesday’s worst selloff since May 12. The dollar fell from the highest level in almost 11 months. Treasury yields were steady. Asian stocks erased losses amid gains in China before a weeklong holiday.

 

Oil climbed after a two-day slump, heading for a monthly gain amid tighter supplies. West Texas Intermediate futures recaptured the level above $75 per barrel.

 

Source: Bloomberg

2:10 PM

Volatility Alert :: India VIX falls 3% to 18.31

1:55 PM

Oil mixed after U.S. inventories post surprise gain

Oil prices were mixed on Thursday as selling prompted by an unexpected rise in U.S. inventories eased, with analysts predicting supply may not keep up with a recovery in demand. Brent crude was down 8 cents at $78.56 a barrel, after falling 0.6% on Wednesday. U.S. oil rose 11 cents to $74.94 a barrel, having also declined by 0.6 per cent in the previous session.

 

U.S. oil and fuel stockpiles increased last week, the U.S. Energy Department's Energy Information Administration (EIA) said on Wednesday. Crude inventories were up by 4.6 million barrels in the week to September 24 to 418.5 million, EIA data showed. 

 

Source: Reuters

1:48 PM

Sensex heatmap | Top gainers & losers at this hour

1:37 PM

Diesel at record high, petrol nears all-time high as rates hiked again

Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a litre respectively. The price of petrol was hiked to Rs 101.64 a litre in Delhi and to Rs 107.71 per litre in Mumbai, according to a price notification of state-owned fuel retailers. Diesel rates increased to Rs 89.87 a litre in Delhi and Rs 97.52 in Mumbai. READ MORE

 

1:21 PM

Bears Return! Selling gathers pace, Sensex drops 250 points

1:14 PM

Crisil upgrades PNB's rating on Tier-I bonds to 'AA' from 'AA-'; outlook stable

1:00 PM

TATA STEEL gets Rs 1,275 cr from NatSteel Holdings stake sale

>> Proceeds from NatSteel Holdings stake sale to cut offshore debt

Source: Informist

12:49 PM

BHART AIRTEL :: 40 MW datacentre in Chennai to soon go live

>> To invest Rs 5,000 cr to triple data centre capacity by 2025

>> Huge internet penetration will take place in small towns

 

>> Will enhance power 3 times to 400 MW by 2025

>> Targeting data centres' building in next 4 years

Source: TV reports

 

12:42 PM

IPO Update :: Aditya Birla Sun Life AMC IPO subscribed 77% so far on second day of bidding

12:33 PM

TCS partners with MCX to transform the exchange's core systems & support future growth

>> TCS’ high availability, high performance solution will transform the trading as Well as post-trade functions at India's largest commodity derivatives exchange
 

>> TCS will design and deploy a cutting-edge, ultra-low latency, high availability, high resilience and highperformance solution that integrates multiple systems to transform MCX’s operations end to end