Sensex, Nifty hit more than four-week closing high
Trading for the calendar year 2015 closed on a positive note as key benchmark indices settled with decent gains amid intraday volatility. The barometer index, the S&P BSE Sensex rose 157.51 points or 0.61% to settle at 26,117.54. The 50-unit Nifty 50 index gained 50.10 points or 0.63% to settle at 7,946.35. The Sensex and the Nifty, both, hit more than four-week closing high. The Sensex closed above the psychological 26,000 mark. The index had alternately moved above and below that psychological level in intraday trade.
After moving in a small range near the flat line, key indices witnessed a spurt during a later part of the session. The market witnessed volatility as traders rolled over positions in the futures & options (F&O) segment from the near month December 2015 series to January 2016 series. The near month December 2015 derivatives contracts expired today, 31 December 2015.
The Sensex rose 157.51 points or 0.61% to settle at 26,117.54, its highest closing level since 2 December 2015. The index rose 187.60 points or 0.72% at the day's high of 26,147.63 in late trade. The index lost 18.12 points or 0.06% at the day's low of 25,941.91 in early trade.
The Nifty gained 50.10 points or 0.63% to settle at 7,946.35, its highest closing level since 1 December 2015. The index rose 59.30 points or 0.75% at the day's high of 7,955.55 in late trade. The Nifty dropped 5.10 points or 0.06% at the day's low of 7,891.15 in early trade.
In overseas markets, European stocks edged lower. Asian stocks were mixed. US stocks ended lower yesterday, 30 December 2015, as a drop in oil resumed, dragging down energy company shares.
Closer home, the market breadth indicating the overall health of the market was positive. On BSE, 1,465 shares rose and 1,163 shares fell. A total of 283 shares were unchanged. The BSE Mid-Cap index rose 0.35%. The BSE Small-Cap index gained 0.49%. Both these indices underperformed the Sensex.
Bharti Airtel gained 1.14% after the company said that it has acquired remaining balance paid up share capital i.e. 26% of Augere Wireless Broadband India and with the said acquisition, Augere has become a wholly owned subsidiary of the company. The company made the announcement during market hours today, 31 December 2015.
Realty stocks rose. Indiabulls Real Estate (up 2.83%), Godrej Properties (up 0.04%), Housing Development & Infrastructure (HDIL) (up 6.85%), DLF (up 1.76%), Oberoi Realty (up 2.92%) and Phoenix Mills (up 0.18%) edged higher. Sobha (down 1.2%) and Unitech (down 1.34%) edged lower.
IT stocks also rose. HCL Technologies (up 2.13%), Infosys (up 1.83%), TCS (up 0.73%) and Wipro (up 0.95%) edged higher. Tech Mahindra declined 0.25%.
Shares of public sector banks declined. Punjab National Bank (down 1.78%), State Bank of India (SBI) (down 0.62%), Union Bank of India (down 0.77%), Canara Bank (down 1.41%), and Bank of India (down 0.39%) edged lower. Bank of Baroda rose 0.35%.
Shares of private sector banks were mixed. HDFC Bank (up 0.81%) and Kotak Mahindra Bank (up 1.4%) edged higher. ICICI Bank (down 0.63%), IndusInd Bank (down 0.21%), Axis Bank (down 1.24%) and Yes Bank (down 1.02%) declined.
Shares of power generation and power distribution companies gained. NHPC (up 4.48%), NTPC (up 0.45%), Tata Power Company (up 0.3%), Adani Power (up 2.38%), Power Grid Corporation of India (up 0.21%), Reliance Infrastructure (up 5.41%) and Reliance Power (up 2.34%) gained. Torrent Power declined 0.61%.
Petronet LNG rose 2.99% after the company announced that it has entered into a binding sale and purchase agreement (SPA) with RasGas of Qatar for supply of an additional 1 million tonne a year (MTA) of LNG to India starting in 2016 for onward sale to Indian Oil Corporation, BPCL, GAIL (India) and Gujarat State Petroleum Corporation. The announcement was made during trading hours today, 31 December 2015.
Further, RasGas and Petronet LNG have entered into a binding agreement to adjust some aspects of their existing long term LNG SPA of 7.5 MTA, signed by the parties in 1999, which laid the foundation for the LNG business in India. Such adjustments will protect and preserve the overall value of the contract.
Cadila Healthcare slumped 14.89% after the company said during market hours today, 31 December 2015 that it has received a warning letter issued by the USFDA relating to its Moraiya formulation facility and Ahmedabad API facility (Zyfine). It clarified that there are no products in the US market which use API of Zyfine facility. The company will respond to USFDA to address the The company said it takes quality and compliance matters very seriously and stand by commitment to fully comply with cGMP quality standards across all facilities. The company is working hard to ensure that the commitments made to the USFDA are fully completed. The company will continue to take all necessary steps to ensure that the USFDA is fully satisfied with remediation of the above facilities. The company stated that products in the market are safe and effective and it is committed to supply the quality products to customers across the globe. The company is committed to resolve all the issues and revamp quality systems and processes as the top most priority.
The Sensex declined 28.13 points or 0.1% in December. The barometer index fell 1,381.88 points or 5.02% in calendar year 2015. From a 52-week low of 24,833.54 hit on 8 September 2015, the Sensex has risen 1,284 points or 5.17%. The Sensex is off 3,907.20 points or 13.01% from a record high of 30,024.74 hit on 4 March 2015.
After moving in a small range near the flat line, key indices witnessed a spurt during a later part of the session. The market witnessed volatility as traders rolled over positions in the futures & options (F&O) segment from the near month December 2015 series to January 2016 series. The near month December 2015 derivatives contracts expired today, 31 December 2015.
The Sensex rose 157.51 points or 0.61% to settle at 26,117.54, its highest closing level since 2 December 2015. The index rose 187.60 points or 0.72% at the day's high of 26,147.63 in late trade. The index lost 18.12 points or 0.06% at the day's low of 25,941.91 in early trade.
The Nifty gained 50.10 points or 0.63% to settle at 7,946.35, its highest closing level since 1 December 2015. The index rose 59.30 points or 0.75% at the day's high of 7,955.55 in late trade. The Nifty dropped 5.10 points or 0.06% at the day's low of 7,891.15 in early trade.
In overseas markets, European stocks edged lower. Asian stocks were mixed. US stocks ended lower yesterday, 30 December 2015, as a drop in oil resumed, dragging down energy company shares.
Closer home, the market breadth indicating the overall health of the market was positive. On BSE, 1,465 shares rose and 1,163 shares fell. A total of 283 shares were unchanged. The BSE Mid-Cap index rose 0.35%. The BSE Small-Cap index gained 0.49%. Both these indices underperformed the Sensex.
Bharti Airtel gained 1.14% after the company said that it has acquired remaining balance paid up share capital i.e. 26% of Augere Wireless Broadband India and with the said acquisition, Augere has become a wholly owned subsidiary of the company. The company made the announcement during market hours today, 31 December 2015.
Realty stocks rose. Indiabulls Real Estate (up 2.83%), Godrej Properties (up 0.04%), Housing Development & Infrastructure (HDIL) (up 6.85%), DLF (up 1.76%), Oberoi Realty (up 2.92%) and Phoenix Mills (up 0.18%) edged higher. Sobha (down 1.2%) and Unitech (down 1.34%) edged lower.
IT stocks also rose. HCL Technologies (up 2.13%), Infosys (up 1.83%), TCS (up 0.73%) and Wipro (up 0.95%) edged higher. Tech Mahindra declined 0.25%.
Shares of public sector banks declined. Punjab National Bank (down 1.78%), State Bank of India (SBI) (down 0.62%), Union Bank of India (down 0.77%), Canara Bank (down 1.41%), and Bank of India (down 0.39%) edged lower. Bank of Baroda rose 0.35%.
Shares of private sector banks were mixed. HDFC Bank (up 0.81%) and Kotak Mahindra Bank (up 1.4%) edged higher. ICICI Bank (down 0.63%), IndusInd Bank (down 0.21%), Axis Bank (down 1.24%) and Yes Bank (down 1.02%) declined.
Shares of power generation and power distribution companies gained. NHPC (up 4.48%), NTPC (up 0.45%), Tata Power Company (up 0.3%), Adani Power (up 2.38%), Power Grid Corporation of India (up 0.21%), Reliance Infrastructure (up 5.41%) and Reliance Power (up 2.34%) gained. Torrent Power declined 0.61%.
Petronet LNG rose 2.99% after the company announced that it has entered into a binding sale and purchase agreement (SPA) with RasGas of Qatar for supply of an additional 1 million tonne a year (MTA) of LNG to India starting in 2016 for onward sale to Indian Oil Corporation, BPCL, GAIL (India) and Gujarat State Petroleum Corporation. The announcement was made during trading hours today, 31 December 2015.
Further, RasGas and Petronet LNG have entered into a binding agreement to adjust some aspects of their existing long term LNG SPA of 7.5 MTA, signed by the parties in 1999, which laid the foundation for the LNG business in India. Such adjustments will protect and preserve the overall value of the contract.
Cadila Healthcare slumped 14.89% after the company said during market hours today, 31 December 2015 that it has received a warning letter issued by the USFDA relating to its Moraiya formulation facility and Ahmedabad API facility (Zyfine). It clarified that there are no products in the US market which use API of Zyfine facility. The company will respond to USFDA to address the The company said it takes quality and compliance matters very seriously and stand by commitment to fully comply with cGMP quality standards across all facilities. The company is working hard to ensure that the commitments made to the USFDA are fully completed. The company will continue to take all necessary steps to ensure that the USFDA is fully satisfied with remediation of the above facilities. The company stated that products in the market are safe and effective and it is committed to supply the quality products to customers across the globe. The company is committed to resolve all the issues and revamp quality systems and processes as the top most priority.
The Sensex declined 28.13 points or 0.1% in December. The barometer index fell 1,381.88 points or 5.02% in calendar year 2015. From a 52-week low of 24,833.54 hit on 8 September 2015, the Sensex has risen 1,284 points or 5.17%. The Sensex is off 3,907.20 points or 13.01% from a record high of 30,024.74 hit on 4 March 2015.
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