Sensex falls 239 points; Tata Motors gains 4%
26 February 2019
Market At close: Indian indices registered a sharp recovery on Tuesday after it slipped in the morning trade on the back of Indian Air Force (IAF) strike early morning in Pakistan occupied Kashmir (PoK).
The Sensex was down 239.67 points at 35973.71, while Nifty was down 44.80 points at 10835.30. About 930 shares have advanced, 1556 shares declined, and 144 shares are unchanged.
Top gainers include Zee Entertainment, Tata Motors, TCS, Coal India and IOC, while losers were Indiabulls Housing, HDFC, ICICI Bank, HCL Tech and Infosys.
Among the sectors, PSU bank, energy, infra, IT and FMCG witnessed selling pressure, while some buying was seen in the auto, metal and pharma space.
Lupin launches Minocycline Hydrochloride ER tablets: Company announced the launch of Minocycline Hydrochloride Extended-Release Tablets USP 55mg, having received an approval from the United States Food and Drug Administration (FDA) earlier.
Bank of India approves to issue equity shares to government: Board of Directors at their meeting approved for issue of fresh equity shares to Government of India through preferential issue in respect of share application money of Rs 4638 crore received, after obtaining shareholders and other approvals.
NBCC signs MoU with RSCL: Raipur SMART City (RSCL) has appointed NBCC (India) as their executing agency for the various infrastructure works under Raipur SMART city at Raipur; on "Deposit work basis", NBCC will charge project management consultancy (PMC) fees of 8 percent on the actual cost of work.
Market Update: Benchmark indices has recovered from the day's low with Nifty trading above 10,850 level.
The Sensex is down 132.19 points at 36081.19, while Nifty is down 28.40 points at 10851.70. About 739 shares have advanced, 1482 shares declined, and 127 shares are unchanged.
Buzzing: Tata Motors is the biggest gainer among index stocks. The auto stock has gained more than 3% intraday.
Market Update: The Sensex is down 286.86 points or 0.79% at 35926.52, and the Nifty down 80.20 points or 0.74% at 10799.90. About 475 shares have advanced, 1,528 shares declined, and 96 shares are unchanged.
Market Update: Indices extended morning losses with Nifty trading below 10,750 level, while Sensex declined over 450 points.
The Sensex is down 460.18 points at 35753.20, while Nifty is down 139.90 points at 10740.20. About 331 shares have advanced, 1373 shares declined, and 78 shares are unchanged.
Britannia Industries to replace HPCL: Shares of Britannia Industries rose 5 percent on Tuesday after it is going to replace HPCL in Nifty50 index from March 29.
Buzzing: Shares of Bliss GVS Pharma rose 1 percent in the early trade on Tuesday after company board gave the approval to increase the FPI/FII investment limit in the company.
The company board in its meeting held on February 25 approved the increase of foreign portfolio investors (FPIs)/foreign institutional investors (FIIs) limits from 24 percent to 74 percent in the company.
Market Opens: The geopolitical tension on Indo-Pak border has pulled the Nifty below 10,800 in the opening trade, while Sensex is down over 200 points.
The Sensex is down 241.49 points at 35971.89, while Nifty is down 81.60 points at 10798.50.
About 171 shares have advanced, 780 shares declined, and 41 shares are unchanged.
Top gainers are Bharti Infratel, Asian Paints and HCL Tech, while losers include Yes Bank, SBI, Indiabulls Housing, JSW Steel, Hero Moto, ONGC, ICICI Bank, Hindalco, Vedanta, Bajaj Fiance and Rain Industries, Jet Airways and Spicejet.
Rupee Opens: The Indian rupee slipped in the early trade on Tuesday. It opened lower by 28 paise at 71.26 per dollar versus previous close 70.98.
Market at pre-open: Benchmark indices slipped in the pre-opening trade with Nifty trading below 10,850 level.
At 09:02 hrs IST, the Sensex is down 123.65 points or 0.34% at 36089.73, and the Nifty down 35.60 points or 0.33% at 10844.50.
Crude update: Oil prices edged higher on Tuesday, finding steady ground after tumbling more than 3 percent in the previous session when U.S. President Donald Trump called on OPEC to ease its efforts to boost the market.
SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 46 points or 0.42 percent. Nifty futures were trading around 10,846.50-level on the Singaporean Exchange.
Wall Street ends higher: Wall Street's three major indexes ended higher on Monday but well below the session's highs after President Donald Trump said he would delay a planned hike in tariffs on Chinese imports.