Tuesday, October 19, 2010
3.30 pm: After a choppy session which saw much ups and down, the Sensex ended Tuesday's session sharply lower by 239.81 points, or 1.19 per cent, at provisional 19,929.08.
The decline followed weakness in US futures as Apple missed its profit forecast.
The BSE 30-share index saw a high of 20,332.02, against a low of 19,923.96. Index losers were Infosys (3.09 per cent), DLF (2.74 per cent), Hindalco (2.63 per cent), Tata Steel (2.15 per cent), NTPC (1.69 per cent), ONGC (1.65 per cent), HDFC Bank (1.60 per cent), SBI (1.49 per cent), among others.
The only gainers were Hero Honda (1.75 per cent), Cipla (1.58 per cent) and ACC (0.70 per cent).
3.12 pm: Ingersoll Rand (India) has posted standalone net profit of Rs 18.55 crore for the quarter ended September 30, up from Rs 10.87 crore for the same quarter last year. Net sales were Rs 113.71 crore, against Rs 81.66 crore last year. On NSE, the company's shares were up 0.65 per cent at Rs 485.50.
2.57 pm: Alembic Ltd has reported a 28 per cent increase in revenues to Rs 365.42 crores for the quarter ended September 30, compared to Rs 285.99 crores in the corresponding quarter last year. The company posted an impressive 72 per cent growth in net profit at Rs 26.71 crores for the quarter. On NSE, the pharma company's shares were up 2.77 per cent at Rs 68.55.
2.30 pm: K Sera Sera Productions' wholly owned subsidiary K Sera Sera Productions FZE, Dubai, has formed a subsidiary named K Sera Sera Holdings Pty in Australia. The main objects of this new subsidiary are investments in mining, oil & gas, natural resources and acquisition at a global platform. On BSE, the company's shares were higher by 1.53 per cent at Rs 13.25.
2.08 pm: Polaris Software Lab has reported consolidated net profit of Rs 48.15 crore for the quarter ended September 30, against Rs 46.60 crore for the quarter ended June 30. Net sales for the quarter to September was Rs 388.34 crore compared with Rs 360.56 crore for the quarter ended June. On NSE, the company's shares were lower by 0.83 per cent at Rs 172.40.
1.50 pm: Rolta India has launched Sophisticated Maritime Security Solutions. The company has acquired the complete portfolio of CommandBridge security technologies, including the source code, design and software architecture under an agreement with The Mariner Group LLC of the US. On BSE, Rolta shares were up 0.42 per cent at Rs 167.60.
1.32 pm: Bajaj Auto has posted standalone net profit of Rs 682.08 crore for the quarter ended September 30, higher from Rs 402.83 crore for the corresponding quarter last year. Net sales stood at Rs 4,180.91 crore, against Rs 2,793.22 crore for the same quarter last year. On NSE, the 2-wheeler major's shares were higher by 1.81 per cent at Rs 1,547.25.
1.17 pm: Cadila Healthcare has reported consolidated net profit of Rs 170.84 crore for the quarter ended September 30, up from Rs 131.92 crore for the corresponding period last year. On NSE, the company's shares were down 0.80 per cent, at Rs 685, after rising to Rs 701 earlier.
12.48 pm: Redington (India) has said ICRA has upgraded its ratings for the fund-based and non-fund based credit facilities to 'LAA-' (high credit quality) from 'LA+' (adequate credit quality) and reaffirmed its rating on the short term debts at 'A1+' (highest credit quality). On NSE, Redington shares were up 0.60 per cent at Rs 83.80.
12.20 pm: Nexxoft Infotel has said Shapoorjee Chandabhoy Finvest has taken 11 per cent stake in its Nexxoft's subsidiary Gamexx Infotainment. The company develops online social and casual games for gaming consoles and PC. On BSE, Nexxoft's shares were up 0.33 per cent at Rs 200.
12.04 pm: NATCO Pharma informs that Celgene Corporation has filed a lawsuit against the company in connection with NATCO's filing of an abbreviated new drug application (ANDA) with the US Food and Drug Administration, seeking approval to market Lenalidomide Capsules. Celgene filed the lawsuit on October 8, seeking to prevent NATCO from commercialising its product prior to the expiration of certain US Patents. On NSE, NATCO Pharma shares were trading 0.87 per cent lower at Rs 280.50.
11.45 am: IILF is of the view that Biocon is witnessing strong accumulation at current levels, which suggests that it may result into an upward breakout. It has advised high-risk traders to buy the stock for target of Rs 425. On NSE, Biocon shares were trading higher by 9.27 per cent at Rs 440.45. The stock touched a high of Rs 472.55
11.15 am: Bharat Petroleum Corporation wholly owned subsidiary, Bharat PetroResources Ltd has struck gas at the Barquentine well in the exploration block in Rovuma Basin, offshore Mozambique. The company encountered total of over 127 net metres of natural gas. On NSE, BPCL shares were up 0.69 per cent at Rs 704.
10.50 am: The board of Tata Metaliks has approved the setting up of 40 sq mtr size linear sinter plant at Kharagpur at West Bengal and two coke oven plants of 1.2 lakh million tonne capacity, each, at Redi in Maharashtra and Kharagpur in West Bengal. On NSE, the company's shares were higher by 1.88 per cent at Rs 143.70.
10.37 am: Larsen & Toubro has bagged an order valued at Rs 1,449 crore from DB Power Ltd, promoted by the Bhaskar Group. L&T will execute complete Balance of Plant package for the 2X600 megawatt thermal power plant in the Janjgir-Champa district of Chhattisgarh. On NSE, L&T shares were up 0.08 per cent at Rs 2,017. The stock saw a high of Rs 2,038 versus a low of Rs 2,001.10.
10.25 am: Nilkamal has entered into a joint venture agreement with US-based Cambro Manufacturing Company. Cambro has manufacturing operations in US, Germany, Turkey and China. The JV shall carry on the business of manufacturing and importing of extensive range of quality products for the commercial food service and hospitality segment and distribution of such products in India and other territories as has been mutually agreed. On NSE, Nilkamal shares were up 1.33 per cent at Rs 383.85.
10.00 am: Shopper's Stop has opened a "Crossword" store at Hypercity, Bhopal, taking its count to 65 stores. On NSE, the company's shares were up 0.86 per cent at Rs 675.25. The stock touched a high of Rs 680.50 versus a low of Rs 672.
9.56 am: Future Capital Holdings has acquired Anchor Investment & Trading Pvt Ltd, a company incorporated under the laws of Mauritius and with plans to engage in investment advisory services. Anchor has obtained requisite licenses and approvals from the Financial Services Commission, Mauritius, to undertake such activities. With this acquisition, Anchor has become a wholly owned subsidiary of Future Capital. On NSE, Future Capital shares were lower to flat at Rs 253.10.
9.32 am: Losers outnumbered advances on the Sensex and included Hindustan Unilever (1.24 per cent), NTPC (1.14 per cent), Infosys Technologies (1.03 per cent), ITC (0.90 per cent), HDFC Bank (0.72 per cent), HDFC (0.69 per cent), Tata Consultancy Services (0.69 per cent), Tata Power (0.67 per cent), Wipro (0.45 per cent), State Bank of India (0.38 per cent) and Jindal Steel (0.34 per cent).
9.29 am: Sensex gainers were Sterlite Industries (1.67 per cent), Reliance Industries (1.12 per cent), Bharti Airtel (0.99 per cent), ACC (0.68 per cent), Reliance Infra (0.45 per cent), Maruti Suzuki (0.26 per cent), Tata Steel (0.25 per cent), ICICI Bank (0.14 per cent), Cipla (0.12 per cent) and Tata Motors (0.07 per cent).
9.25 am: "Today, the Indian markets could open in the green following positive global cues but could find resistance at higher levels later during the day. Among the sectoral indices, IT, oil & gas and realty are looking good, while consumer durables and FMCG are looking weak and could underperform," said HDFC Securities in its morning note.
9.19 am: Sensex was up 19.38 points, or 0.10 per cent, at 20,188.27. The BSE sensitive index opened at 20,298.55 versus the previous close of 20,168.89. The 30-share index moved between 20,332.02 and 20,188.03 .
9.15 am: Nifty traded at 6100.10, advancing 24.15 points or 0.40 per cent. The NSE benchmark opened the day at 6,114.45 against Monday's close of 6,075.95. The 50-share index rose to touch 6,119.85 against a low of 6,099.90.
9.10 am: Indian stock markets opened in the positive Tuesday, adding to the previous day's gains on the back of rise in Asian peers after Citigroup profit beat estimates.