Tuesday, 23 August 2016

LIVE: Sensex, Nifty Open Flat

LIVE: Sensex, Nifty open flat; Allcargo Logistics, HPCL shares fall 

9.24 am: Allcargo Logistics fell over 5 per cent post Q1 results. The scrip was trading 5.27 per cent down  
at Rs 185 in the early trade.

9.18 am: Shriram EPC shares were trading 10.43 per cent up at Rs 24.35 in the early trade. Sensex was down 26.92 points at 27958, while Nifty was trading 9.95 points down at 8,619.  

9.15 am: Domestic benchmark indices opened on a flat note on Tuesday. Sensex opened 27.02 points up at 28012.56, while Nifty opened 0.80 points, or 0.01 per cent, down at 8,628.35.  
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8.07 am: The BSE Sensex and NSE Nifty are likely to open on a flat note with negative bias on Tuesday tracking Nifty futures on the Singapore Stock Exchange and mixed global cues. At 7.57 am (IST), SGX Nifty was down 10.50 points, or 0.12 per cent, at 8,617. Asian peers, Hang Seng and Nikkei were down by 0.28 per cent and 0.20 per cent, respectively, in the morning trade. However, Shanghai was trading up by 0.43 per cent.  

The 30-share Sensex dipped 91.46 points to 27985.54 on Monday with investors adopting cautious stance after the appointment of Urjit Patel as the next RBI chief, who is very unlikely to cut rates in view of high inflation. NSE Nifty 50 index closed 37.75 points down at 8,629.15.  

Shares of Pfizer and HPCL will remain in focus on Tuesday. Pfizer will pay about $14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine.  

State-owned Hindustan Petroleum Corp (HPCL) on Monday registered a 30 per cent rise in its June quarter net profit to Rs 2,098.38 crore on rise in fuel sales and inventory gains. The oil marketing company posted a net profit of Rs 1614.13 crore in the corresponding quarter a year ago.

1 comment:



  1. Indian shares fell for a second consecutive session on Tuesday, as lenders such as Axis Bank were hit by a Morgan Stanley downgrade while worries of regulatory action from the U.S. Food and Drug Administration triggered selling in drugmakers. The S&P BSE Sensex and CNX Nifty dipped 0.11%-0.06% each.capitalstars

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