Live Blog

Nifty settles below 9,800, down over 1.5% for the week; Sensex ends flat

Catch all that happened in the market here

SI Reporter New Delhi
Photo: Shutterstock
Photo: Shutterstock

Last Updated : Sep 29 2017 | 3:55 PM IST

3:46 PM

Market rundown by Anand James, Chief Market Strategist at Geojit Financial Services 
 
Government's decision to stick to its budgeted borrowing limit eased the nerves of the investors and bargain hunting in the recently trampled stocks gave impetus to the domestic indices. Positivity from global markets, also added more legs to yesterday’s f&o related short covering, but with a long weekend ahead, followed by RBI rate decision and a series of macro data, traders opted to limit aggressive bets.

3:45 PM

Nifty Chart for the day

Source: NSE

3:41 PM

Nifty Realty was the top sectoral gainer, up 2.6%

Source: NSE

3:39 PM

Sectoral Trend

Source: NSE

3:37 PM

Top Sensex gainers and losers

Source: BSE

3:35 PM

Broader Markets

Broader markets outperformed benchmark indices with BSE Midcap and BSE smallcap indices gaining 0.8% and 1% respectively. Both indices ended over 1% for the week

3:33 PM

Markets at close

Benchmark indices pared gains to end flat, losing over 1.5% in the week on foreign fund outflows amid worries that the government may widen its fiscal deficit target of 3.2% of gross domestic product for the year ending in March 2018 to boost an economy that grew at a slower pace than expected.

The S&P BSE Sensex ended the day at 31,283, up 1 point while the broader Nifty50 index settled at 9,788 up 19 points

3:22 PM

FMCG sector slips over 1%

Source: NSE

3:14 PM

Buzzing Stocks

MEP Infrastructure Developers surged 5.58% to Rs 102.10 on BSE after the company said it has secured a contract for collection of toll at all entry points to Delhi.

3:05 PM

USFDA Nod

Drug firm Zydus Cadila has received final approval from the US health regulator to market doxycycline tablets, used for treatment of different types of bacterial infections such as acne and eye infection.
 
The company has received approval from the US Food and Drug Administration (USFDA) to market the drug in strengths of 50 mg, 75 mg, 100 mg and 150 mg, Zydus Cadila said in a BSE filing today.

2:59 PM

Sectoral trend

Source: BSE

2:46 PM

BUZZING STOCK

Ganesh Benzoplast hit 52-week high of Rs 94.50, up 15% on BSE after the company said it has won a case against Pan Asia Industries, for recovery of outstanding dues of Rs 5.50 crore plus interest.
 
In past four trading sessions the stock rallied 35% from Rs 70.10 on Monday, September 25, 2017.
 
“The company has won a case filed u/s 138 of the Negotiable Instruments Act, 1881, against M/s Pan Asia Industries Limited, for recovery of outstanding dues of Rs 5.50 crore plus interest. The Hon'ble M. M. 33rd Ballard Pier Court passed an order directing M/s Pan Asia Industries ('the defaulter') to pay a sum of Rs 9.00 crore to Ganesh Benzoplast,” the company said in a BSE filing today. READ MORE

2:34 PM

Markets Check

Benchmark indices extended morning gains with Nofty50 reclaiming the crucial 9,850 levels led by gains in realty, auto, metal and pharma sectors.

At 2:34 pm, S&P BSE Sensex was trading at 31,390, up 108 points, while the broader Nifty50 was ruling at 9,808, up 39 points.

2:19 PM

Gold Check

Gold traded little changed on Friday amid pressure from a stronger dollar, but was headed for its biggest monthly fall this year amid rising prospects of a US rate hike in December.
 
Spot gold was nearly unchanged at $1,286.96 per ounce, on track to register a 2.5% decline in September, its largest monthly fall so far in 2017 and the biggest since November 2016.
 
However, it was set to end the quarter around 3.7% higher.

2:06 PM

Energy firm ACME applies to Sebi for Rs 2,200-cr IPO
 
Renewable energy firm ACME Solar Holdings has filed preliminary papers with Sebi to raise Rs 2,200 crore through an initial public offering, according to draft papers filed with the markets regulator.
 
Funds raised through the issue would be used to pay debt and to finance the company's 200 MW solar power project in Rajasthan and for other general corporate purposes.
 
Besides, the company is considering a pre-IPO placement of up to 52,22,079 equity shares to certain investors for up to Rs 500 crore. READ MORE

First Published: Sep 29 2017 | 3:31 PM IST