The Sensex erased gains during the last hour of trade and closed 118 points higher at 33,478 level in Tuesday's trade. The Nifty too rose 28.15 points or 0.27 percent with Asian markets trading in green tracking overnight gains in US markets on strong economic data. Here are the key highlights, which affected the market today.
4:05 pm: The Nifty Pharma index ended 2.2 percent higher while Reliance Industries extended gains into a fourth day to end up 1.3 per cent after Goldman Sachs raised its target price on the stock.
4:00 pm: BSE consumer durables index rises 2 percent, IPO index adds 1.6 percent, energy index gains 0.8 percent, power index ends 0.6 percent higher; realty index slips 1.3 percent, bankex and PSU indexes edge lower.
3:50 pm: Of the 30 Sensex stocks, 20 closed higher.
3:45 pm: Market breadth was positive with 1,465 stocks closing higher against 1223 ending lower on the BSE. 170 stocks were unchanged.
3:39 pm: Coal India (1.51 percent), ITC (1.08 percent) and PowerGrid (1.03 percent) are the top losers on the Sensex.
3:30 pm: Dr. Reddy's Laboratories (5%), Sun Pharma (4.18%), and Cipla (2.31%) are the top gainers on the Sensex.
2:45 pm: Simplex Infrastructures said it has bagged a Rs 524-crore order from state-owned NBCC for construction of institutional buildings in Odisha. The scrip was trading 10.68 per cent higher at Rs 577.65 on the BSE today.
2: 30 pm: BASF India shares gain 2.3 percent to Rs 2020. The stock rose to its record high of Rs 2069.75 earlier in the day.
2: 10 pm: SRS Finance to consider sub-division of shares; stock slips 6.4 percent to Rs 10.30.
1:50 pm: Oil minister Dharmendra Pradhan asked state oil firms to boost supply of gas and alternative fuels in states where petroleum coke and furnace oil are banned due to high emissions. India imports about half of its annual consumption of 27 million tonnes of petcoke, Pradhan said in a tweet.
1:30 pm: ONGC Videsh, the overseas arm of state-owned Oil and Natural Gas Corp, said it has acquired 15 per cent stake in a oil block in Namibia. It did not disclose the deal amount. The 15 per cent participating interest in Namibia Petroleum Exploration License (PEL) 30, covering Block 2012A from Tullow Oil of UK, is OVL's second acquisition in the African nation in as many months. In a statement, OVL said its indirect subsidiary ONGC Videsh Vankorneft Pte Ltd (OVVL)) has signed binding agreements with Tullow Namibia Ltd, a wholly owned subsidiary of Tullow Oil plc, for the stake buy.
1:15 pm: BSE has asked brokers using super-fast algorithmic trading facility to submit audit reports for the first half of the current fiscal by November 30. The delay in filing the audit reports would attract disciplinary action, the stock exchange said. The exchange said it will charge Rs 100 per day for non-submission of system audit report for the month of December and will withdraw trading facility from January. Algorithmic or algo trading refers to orders on bourses that are generated using high-frequency and automated execution logic.
12: 52 pm: Logistics firms gained after the government granted infrastructure status to the sector to help enable easy access to loans. Allcargo Logistics Ltd rose as much as 3.8 percent. Quess Corp surged as much as 9.5 percent after agreeing to buy a 51 percent stake in Tata Business Support Services Ltd.
11:15 am: "Markets are riding on momentum and though there could be profit-booking by derivatives expiry next week, I expect Nifty to cross 10,500," said Krish Subramanyam, co-head - equity advisor at Altamount Capital
11:00 am: The Nifty Pharma index rose 2.2 percent with Dr Reddy's Laboratories Ltd gaining 9.65 percent after the company got Establishment Inspection Report from the US FDA for its Duvvada facility at Vishakapatman.
10:45 am: Goldman Sachs raised the target price on Reliance Industries by 26 percent to Rs 1,205 and added the stock to its 'conviction list' with a 'buy' rating.
10:29 am: Edelweiss Financial Services said it has raised Rs 1,528 crore through Qualified Institutions Placement (QIP) to fund expansion. The QIP issue opened on November 15 and closed on Monday, Edelweiss Financial Services said in a filing to stock exchanges.
10:05 am: The government has raised Rs 14,500 crore through the Bharat 22 Exchange Traded Fund (ETF), comprising 22 companies, according to the department of Investment and Public Asset Management (DIPAM) Secretary. With this, the government has raised Rs 52,500 crore through disinvestment in the current fiscal, including listing of insurance PSUs.
10:03 am: Investors have pumped over Rs 51,000 crore into various mutual fund schemes in October after pulling out more than Rs 16,000 crore in September, latest data with AMFI showed. With the latest inflow, total infusion in MF schemes reached to over Rs 2.5 lakh crore in the first seven months (April-October) of the current fiscal.
9:52 am: Market breadth was positive with 1,374 stocks advancing against 536 falling on the BSE.
9: 51 am: Coal India (1.42 percent), PowerGrid (1.17 percent) and ITC (0.62 percent) were the top losers on the Sensex.
9:46 am: Videocon Industries reported widening of standalone net loss to Rs 885.82 crore for the three months ended June this year. The group had a net loss of Rs 368.75 crore in the year-ago period.
9:43 am: Jet Airways (India) Ltd shares down 5.6 percent to Rs 679 in early trade.