All 19 sectoral indices on BSE register gains
Index heavyweights Reliance Industries (RIL), HDFC, Infosys and stocks from metal sector led gains as key benchmark indices snapped a six-day losing streak. The barometer index, the S&P BSE Sensex, rose 216.27 points or 0.86% to settle at 25,252.32. The 50-unit Nifty 50 index rose 70.80 points or 0.93% to settle at 7,683.30. The broad market depicted strength. More than two stocks rose for each stock that fell on BSE. 1,852 shares rose and 818 shares declined. A total of 184 shares were unchanged. All the 19 sectoral indices on BSE were in the green.
Infosys edged higher after the company announced that it has made an investment of $4 million in CloudEndure, a startup that provides cloud migration and cloud-based disaster recovery (DR) software.
The Sensex gained 216.27 points or 0.86% to settle at 25,252.32, its highest closing level since 8 December 2015. The barometer index jumped 253.53 points or 1.01% at the day's high of 25,289.58. The Sensex fell 1.91 points at the day's low of 25,034.14.
The Nifty rose 70.80 points or 0.93% to settle at 7,683.30, its highest closing level since 8 December 2015. The index rose 79.45 points or 1.04% at the day's high of 7,691.95. The index fell 2.50 points or 0.03% at the day's low of 7,610.
The BSE Mid-Cap index rose 0.9%. The BSE Small-Cap index gained 1.24%. Both these indices outperformed the Sensex.
The total turnover on BSE amounted to Rs 2401 crore, lower than turnover of Rs 2604.12 crore registered during the previous trading session.
All the 19 sectoral indices on BSE were in the green. The S&P BSE Industrials index (up 0.73%), the S&P BSE Capital Goods index (up 0.77%), the S&P BSE Healthcare index (up 0.32%), the S&P BSE Consumer Discretionary Goods & Services index (up 0.85%), the S&P BSE Auto index (up 0.14%), the S&P BSE Consumer Durables index (up 0.72%), the S&P BSE Finance index (up 0.56%) and the S&P BSE Bankex (up 0.14%) underperformed the Sensex. The S&P BSE Telecom index (up 0.92%), the S&P BSE Basic Materials index (up 1.26%), the S&P BSE Power index (up 1.03%), the S&P BSE Realty index (up 1.63%), the S&P BSE Utilities index (up 1.41%), the S&P BSE Oil & Gas index (up 1.89%), the S&P BSE Teck index (up 1.2%), the S&P BSE IT index (up 1.31%), the S&P BSE Energy index (up 2.41%), the S&P BSE Metal index (up 1.65%) and the S&P BSE FMCG index (up 0.97%) outperformed the Sensex.
Index heavyweight and cigarette maker ITC rose 1.21% at Rs 321.30. The stock hit high of Rs 321.80 and low of Rs 317.50 in intraday trade.
Index heavyweight and housing finance major HDFC rose 2.03% at Rs 1,178.05. The stock hit high of Rs 1,184 and low of Rs 1,154.60 in intraday trade.
Metal and mining stocks edged higher on renewed buying. Hindalco Industries (up 3.05%), National Aluminium Company (up 2.51%), Vedanta (up 1.34%), JSW Steel (up 2.03%), NMDC (up 2.01%), Steel Authority of India (up 1.95%), Jindal Steel & Power (up 3.76%), Hindustan Zinc (up 0.14%) and Tata Steel (up 2.95%) edged higher.
Shares of state-run coal mining giant Coal India rose 1.19% at Rs 311.30. The stock hit a high of Rs 312.20 and a low of Rs 308.10 in intraday trade.
Oil stocks witnessed across the board gains. Among state-run oil marketing companies (PSU OMCs), BPCL (up 2.29%), HPCL (up 2.86%) and Indian Oil Corporation (up 0.56%) edged higher.
Among oil exploration and production (E&P) stocks, Cairn India (up 0.99%), ONGC (up 1.22%) and Reliance Industries (up 3.49%) edged higher. Oil India (down 1.33%) edged lower.
In the global commodities markets, Brent for January settlement was currently up 15 cents at $40.26 a barrel. The contract had declined 15 cents or 0.37% to settle at $40.11 a barrel during the previous trading session.
Pharma stocks were mixed. Lupin (down 1.42%), Glenmark Pharmaceuticals (down 2.16%), Divi's Laboratories (down 1.3%), Strides Shasun (down 0.26%), GlaxoSmithkline Pharmaceuticals (down 0.61%) and Dr Reddy's Laboratories (down 0.09%) edged lower. Cadila Healthcare (up 1.97%), Cipla (up 1.89%), and Wockhardt (up 2.44%) edged higher.
Ipca Laboratories rose 0.06% to Rs 759.60, after a bulk deal of 6.34 lakh shares was executed on the scrip at Rs 748.95 per share at 11:09 IST on BSE.
Aurobindo Pharma rose 2.26% after the company announced that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Eptifibatide Injection USP, 20 mg/10 mL, 75 mg/100 mL, and 200 mg/100 mL single-use vials. The product is expected to be launched in this month. The approved abbreviated new drug application (ANDA) is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Integrilin Injection, 20 mg/10 mL, 75 mg/100 mL, and 200 mg/100 mL of Schering Corporation. Eptifibatide Injection is used in the treatment of acute coronary syndrome. The approved product has an estimated market size of $137 million in the US for the twelve months ended October 2015 according to IMS.
In another announcement, Aurobindo Pharma said that the company has received final approval from the USFDA to manufacture and market Levonorgestrel Tablet, 1.5 mg. The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Plan B One-Step Tablet of Teva Branded Pharmaceutical Products R&D, Inc. Levonorgestrel Tablet is an oral contraceptive used for prevention of pregnancy. The approved product has an estimated market size of $64 million in the US for the twelve months ended October 2015 according to IMS.
Sun Pharmaceutical Industries (Sun Pharma) reversed initial gains triggered by the company's announcement that it has entered into a tripartite research and option agreement with Israel-based Weizmann Institute of Science and Spain's Health Research Institute of Santiago de Compostela (IDIS) to develop breakthrough products for the treatment of neurological diseases like brain stroke, as well as glioblastoma, a lethal brain cancer. The stock fell 0.3% at Rs 756.55. The stock hit a high of Rs 767.50 and a low of Rs 734.40 in intraday trade. Scientists at Weizmann Institute have developed a recombinant enzyme currently undergoing animal studies for indications of brain stroke and glioblastoma. Further studies of this enzyme will be conducted at IDIS. Sun Pharma will have the exclusive option to conduct further development of the enzyme after completion of the preclinical studies. Sun Pharma will have commercial rights to this product globally. Moreover, this enzyme may potentially be indicated for uses beyond these two brain diseases, Sun Pharma said. Sun Pharma will have the right to develop these additional indications.
Auto stocks were mixed. TVS Motor Company (up 3.01%), Eicher Motors (up 1.76%), Ashok Leyland (up 2.89%), and Bajaj Auto (up 2.13%) gained. Hero MotoCorp (down 0.05%), Mahindra & Mahindra (M&M) (down 1.66%) and Maruti Suzuki India (down 0.57%) declined.
Tata Motors declined 1.19% at Rs 389.25. The stock was volatile. The stock hit high of Rs 401 and low of Rs 385.60 in intraday trade. The company reported 8% increase in global wholesales to 90,695 units in November 2015 over November 2014. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in fell 4% to 29,066 units in November 2015 over November 2014. Global wholesales of all passenger vehicles in rose 15% at 61,629 units in November 2015 over November 2014. The announcement was made after market hours yesterday, 9 December 2015.
Infosys rose 1.66% at Rs 1,046.40 after the company announced that it has made an investment of $4 million in CloudEndure, a startup that provides cloud migration and cloud-based disaster recovery (DR) software. The announcement was made after market hours yesterday, 9 December 2015.
Separately, Infosys said after market hours that it has won a five-year contract to transform the application landscape of DNB Bank of Norway.
Wipro fell 0.04% at Rs 564.90. The stock was volatile. The stock hit a high of Rs 569.80 and a low of Rs 559.50 in intraday trade. The company announced that Wipro Digital, its digital business unit, has opened a new office in London to offer enhanced digital transformation services at close proximity to its UK and European customers. Wipro Digital also intends to continue its hiring in the UK to support business growth and expand its range of offerings. The company made the announcement after market hours yesterday, 9 December 2015.
Asian Paints rose 2.29% at Rs 859.50 after the company announced that as part of the company's plan to consolidate its investments in overseas subsidiaries, Asian Paints (International) (APIL), Mauritius, a wholly owned subsidiary of the company, has transferred its entire holding of 60% held in the subsidiary company, Asian Paints (Vanuatu) to Berger International, Singapore, a wholly owned subsidiary of APIL. The company made the announcement after market hours yesterday, 9 December 2015.
Shares of public sector banks declined. Punjab National Bank (down 0.73%), Bank of India (down 0.13%), State Bank of India (SBI) (down 1.02%) and Union Bank of India (down 4.71%) edged lower.
Bank of Baroda (BoB) was off 0.72% at Rs 159.30. The stock hit a high of Rs 162 and a low of Rs 156.40 in intraday trade. BoB said that it has received an intimation from Indian Banks' Association (IBA) dated 9 December 2015 that All India Bank Officers' Confederation (AIBOC) has agreed to call off the proposed strike on 11 December 2015, with immediate effect. The announcement was made during market hours today, 10 December 2015.
Shares of private sector banks were mixed. IndusInd Bank (up 0.42%), HDFC Bank (up 1.16%), and Kotak Mahindra Bank (up 1.35%) edged higher. Axis Bank (down 0.24%) and ICICI Bank (down 0.33%) declined.
The Sensex and the Nifty snapped a six-day losing streak today, 10 December 2015. The Sensex had declined 1,133.36 points or 4.33% in the preceding six trading sessions to settle at 25,036.05 yesterday, 9 December 2015, from its close of 26,169.41 on 1 December 2015. The Sensex has declined 893.35 points or 3.41% in this month so far (till 10 December 2015). The Sensex has fallen 2,247.10 points or 8.17% in this calendar year so far (till 10 December 2015). From a 52-week low of 24,833.54 hit on 8 September 2015, the Sensex has risen 418.78 points or 1.68%. The Sensex is off 4,772.42 points or 15.89% from a record high of 30,024.74 hit on 4 March 2015.
Infosys edged higher after the company announced that it has made an investment of $4 million in CloudEndure, a startup that provides cloud migration and cloud-based disaster recovery (DR) software.
The Sensex gained 216.27 points or 0.86% to settle at 25,252.32, its highest closing level since 8 December 2015. The barometer index jumped 253.53 points or 1.01% at the day's high of 25,289.58. The Sensex fell 1.91 points at the day's low of 25,034.14.
The Nifty rose 70.80 points or 0.93% to settle at 7,683.30, its highest closing level since 8 December 2015. The index rose 79.45 points or 1.04% at the day's high of 7,691.95. The index fell 2.50 points or 0.03% at the day's low of 7,610.
The BSE Mid-Cap index rose 0.9%. The BSE Small-Cap index gained 1.24%. Both these indices outperformed the Sensex.
The total turnover on BSE amounted to Rs 2401 crore, lower than turnover of Rs 2604.12 crore registered during the previous trading session.
All the 19 sectoral indices on BSE were in the green. The S&P BSE Industrials index (up 0.73%), the S&P BSE Capital Goods index (up 0.77%), the S&P BSE Healthcare index (up 0.32%), the S&P BSE Consumer Discretionary Goods & Services index (up 0.85%), the S&P BSE Auto index (up 0.14%), the S&P BSE Consumer Durables index (up 0.72%), the S&P BSE Finance index (up 0.56%) and the S&P BSE Bankex (up 0.14%) underperformed the Sensex. The S&P BSE Telecom index (up 0.92%), the S&P BSE Basic Materials index (up 1.26%), the S&P BSE Power index (up 1.03%), the S&P BSE Realty index (up 1.63%), the S&P BSE Utilities index (up 1.41%), the S&P BSE Oil & Gas index (up 1.89%), the S&P BSE Teck index (up 1.2%), the S&P BSE IT index (up 1.31%), the S&P BSE Energy index (up 2.41%), the S&P BSE Metal index (up 1.65%) and the S&P BSE FMCG index (up 0.97%) outperformed the Sensex.
Index heavyweight and cigarette maker ITC rose 1.21% at Rs 321.30. The stock hit high of Rs 321.80 and low of Rs 317.50 in intraday trade.
Index heavyweight and housing finance major HDFC rose 2.03% at Rs 1,178.05. The stock hit high of Rs 1,184 and low of Rs 1,154.60 in intraday trade.
Metal and mining stocks edged higher on renewed buying. Hindalco Industries (up 3.05%), National Aluminium Company (up 2.51%), Vedanta (up 1.34%), JSW Steel (up 2.03%), NMDC (up 2.01%), Steel Authority of India (up 1.95%), Jindal Steel & Power (up 3.76%), Hindustan Zinc (up 0.14%) and Tata Steel (up 2.95%) edged higher.
Shares of state-run coal mining giant Coal India rose 1.19% at Rs 311.30. The stock hit a high of Rs 312.20 and a low of Rs 308.10 in intraday trade.
Oil stocks witnessed across the board gains. Among state-run oil marketing companies (PSU OMCs), BPCL (up 2.29%), HPCL (up 2.86%) and Indian Oil Corporation (up 0.56%) edged higher.
Among oil exploration and production (E&P) stocks, Cairn India (up 0.99%), ONGC (up 1.22%) and Reliance Industries (up 3.49%) edged higher. Oil India (down 1.33%) edged lower.
In the global commodities markets, Brent for January settlement was currently up 15 cents at $40.26 a barrel. The contract had declined 15 cents or 0.37% to settle at $40.11 a barrel during the previous trading session.
Pharma stocks were mixed. Lupin (down 1.42%), Glenmark Pharmaceuticals (down 2.16%), Divi's Laboratories (down 1.3%), Strides Shasun (down 0.26%), GlaxoSmithkline Pharmaceuticals (down 0.61%) and Dr Reddy's Laboratories (down 0.09%) edged lower. Cadila Healthcare (up 1.97%), Cipla (up 1.89%), and Wockhardt (up 2.44%) edged higher.
Ipca Laboratories rose 0.06% to Rs 759.60, after a bulk deal of 6.34 lakh shares was executed on the scrip at Rs 748.95 per share at 11:09 IST on BSE.
Aurobindo Pharma rose 2.26% after the company announced that it has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Eptifibatide Injection USP, 20 mg/10 mL, 75 mg/100 mL, and 200 mg/100 mL single-use vials. The product is expected to be launched in this month. The approved abbreviated new drug application (ANDA) is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Integrilin Injection, 20 mg/10 mL, 75 mg/100 mL, and 200 mg/100 mL of Schering Corporation. Eptifibatide Injection is used in the treatment of acute coronary syndrome. The approved product has an estimated market size of $137 million in the US for the twelve months ended October 2015 according to IMS.
In another announcement, Aurobindo Pharma said that the company has received final approval from the USFDA to manufacture and market Levonorgestrel Tablet, 1.5 mg. The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Plan B One-Step Tablet of Teva Branded Pharmaceutical Products R&D, Inc. Levonorgestrel Tablet is an oral contraceptive used for prevention of pregnancy. The approved product has an estimated market size of $64 million in the US for the twelve months ended October 2015 according to IMS.
Sun Pharmaceutical Industries (Sun Pharma) reversed initial gains triggered by the company's announcement that it has entered into a tripartite research and option agreement with Israel-based Weizmann Institute of Science and Spain's Health Research Institute of Santiago de Compostela (IDIS) to develop breakthrough products for the treatment of neurological diseases like brain stroke, as well as glioblastoma, a lethal brain cancer. The stock fell 0.3% at Rs 756.55. The stock hit a high of Rs 767.50 and a low of Rs 734.40 in intraday trade. Scientists at Weizmann Institute have developed a recombinant enzyme currently undergoing animal studies for indications of brain stroke and glioblastoma. Further studies of this enzyme will be conducted at IDIS. Sun Pharma will have the exclusive option to conduct further development of the enzyme after completion of the preclinical studies. Sun Pharma will have commercial rights to this product globally. Moreover, this enzyme may potentially be indicated for uses beyond these two brain diseases, Sun Pharma said. Sun Pharma will have the right to develop these additional indications.
Auto stocks were mixed. TVS Motor Company (up 3.01%), Eicher Motors (up 1.76%), Ashok Leyland (up 2.89%), and Bajaj Auto (up 2.13%) gained. Hero MotoCorp (down 0.05%), Mahindra & Mahindra (M&M) (down 1.66%) and Maruti Suzuki India (down 0.57%) declined.
Tata Motors declined 1.19% at Rs 389.25. The stock was volatile. The stock hit high of Rs 401 and low of Rs 385.60 in intraday trade. The company reported 8% increase in global wholesales to 90,695 units in November 2015 over November 2014. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in fell 4% to 29,066 units in November 2015 over November 2014. Global wholesales of all passenger vehicles in rose 15% at 61,629 units in November 2015 over November 2014. The announcement was made after market hours yesterday, 9 December 2015.
Infosys rose 1.66% at Rs 1,046.40 after the company announced that it has made an investment of $4 million in CloudEndure, a startup that provides cloud migration and cloud-based disaster recovery (DR) software. The announcement was made after market hours yesterday, 9 December 2015.
Separately, Infosys said after market hours that it has won a five-year contract to transform the application landscape of DNB Bank of Norway.
Wipro fell 0.04% at Rs 564.90. The stock was volatile. The stock hit a high of Rs 569.80 and a low of Rs 559.50 in intraday trade. The company announced that Wipro Digital, its digital business unit, has opened a new office in London to offer enhanced digital transformation services at close proximity to its UK and European customers. Wipro Digital also intends to continue its hiring in the UK to support business growth and expand its range of offerings. The company made the announcement after market hours yesterday, 9 December 2015.
Asian Paints rose 2.29% at Rs 859.50 after the company announced that as part of the company's plan to consolidate its investments in overseas subsidiaries, Asian Paints (International) (APIL), Mauritius, a wholly owned subsidiary of the company, has transferred its entire holding of 60% held in the subsidiary company, Asian Paints (Vanuatu) to Berger International, Singapore, a wholly owned subsidiary of APIL. The company made the announcement after market hours yesterday, 9 December 2015.
Shares of public sector banks declined. Punjab National Bank (down 0.73%), Bank of India (down 0.13%), State Bank of India (SBI) (down 1.02%) and Union Bank of India (down 4.71%) edged lower.
Bank of Baroda (BoB) was off 0.72% at Rs 159.30. The stock hit a high of Rs 162 and a low of Rs 156.40 in intraday trade. BoB said that it has received an intimation from Indian Banks' Association (IBA) dated 9 December 2015 that All India Bank Officers' Confederation (AIBOC) has agreed to call off the proposed strike on 11 December 2015, with immediate effect. The announcement was made during market hours today, 10 December 2015.
Shares of private sector banks were mixed. IndusInd Bank (up 0.42%), HDFC Bank (up 1.16%), and Kotak Mahindra Bank (up 1.35%) edged higher. Axis Bank (down 0.24%) and ICICI Bank (down 0.33%) declined.
The Sensex and the Nifty snapped a six-day losing streak today, 10 December 2015. The Sensex had declined 1,133.36 points or 4.33% in the preceding six trading sessions to settle at 25,036.05 yesterday, 9 December 2015, from its close of 26,169.41 on 1 December 2015. The Sensex has declined 893.35 points or 3.41% in this month so far (till 10 December 2015). The Sensex has fallen 2,247.10 points or 8.17% in this calendar year so far (till 10 December 2015). From a 52-week low of 24,833.54 hit on 8 September 2015, the Sensex has risen 418.78 points or 1.68%. The Sensex is off 4,772.42 points or 15.89% from a record high of 30,024.74 hit on 4 March 2015.
No comments:
Post a Comment