Live: Sensex, Nifty remain flat on derivatives expiry; Justdial shares plunge over 7 per cent

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11.04 am: Local search engine Justdial shares were trading 7.49 per cent down at Rs 725.90 after it reported a 16 per cent decline in net profit at Rs 27 crore for the quarter ended December due to a sharp increase in expenses. Sensex was trading 9.93 points up at 24,502.32. NSE Nifty was trading 4.45 points up at 7,442.20.

10.53 am: Essar Oil shares were trading 0.10 per cent up at Rs 259.50. NSE has decided to
suspend trading in securities of Essar Oil from February 10 on account of the company delisting from the bourses. Sensex was down 1.27 points at 24,491.12.

10.31 am: Punj Lloyd shares surged as much as 8.7 per cent on Thursday after the company announced that its joint venture with Limak (50-50 share) has won Rs 2,780 crore TANAP gas pipeline contract in Turkey. 

10.01 am: Sensex was down 16.37 points at 24476.02. Nifty was down 4.40 points at 7,433. Today being the last trading session of the January futures and options expiry, winding-up of positions and profit-booking at select stocks took their toll.

9.53 am: Shares of Engineers India (EIL) fell as much as 5 per cent in the early trade on Thursday after the government said that it will sell 10 per cent of its stake in the company on Friday, which is likely to fetch over Rs 690 crore to the Exchequer. Sensex was down 12 points at 24,479.

9.51 am: Extending losses for the third session, the rupee weakened another 14 paise to a fresh
29-month low of 68.19 against the dollar in early trade following month-end demand from importers and banks amid a strengthening American currency overseas.

9.30 am: Meanwhile, OnMobile Global Ltd informed BSE that the company has secured a 3 year deal with Reliance Communications to provide Ringback Tones to its customers on GSM and CDMA networks across India. Shares of OnMobile Global were trading 1.58 per cent up at Rs 122.30.

9.28 am: IDFC Bank shares were trading 2.18 per cent up at Rs 51.65. In its first quarterly numbers, IDFC Bank on Wednesday posted Rs 242.16 crore profit for the three months ended December 31, 2015. The bank started operations in October last year, making this the first ever declared result of the bank. It was carved out of infrastructure lending firm IDFC Ltd after getting the banking licence from RBI.

9.21 am: In the 50-share index, HDFC, Idea Cellular, Bharti Airtel, Maruti Suzuki and Kotak Mahindra Bank were down between 0.76 per cent and 1.70 per cent. On the other hand, Power Grid, Cairn India, GAIL, NTPC and Tech Mahindra were up between 0.87 per cent and 2.30 per cent. Nifty was up 4.45 points, or 0.06 per cent, at 7,442.20. Sensex was trading 8.91 points up at 24,501.

9.16 am: Sensex was down 67.41 points at 24,424. IndiGo shares were trading 0.29 per cent up at Rs 935.50. Budget carrier IndiGo has added eight new flights in its pan-India network, which will take the total number of daily flights operated by the airline to 679.

9.15 am: Benchmark indices BSE Sensex and NSE Nifty opened on a flat note on Thursday tracking mixed global cues. Sensex opened 10.53 points down at 24,481.86, while NSE Nifty opened 11.25 points down at 7,426.50.

9.06 am: As per provisional figures, foreign institutional investors (FIIs)/ foreign portfolio investors (FPIs) sold shares worth net Rs 366.93 crore on 27 January 2016. Domestic institutional investors bought shares worth Rs 499.99 crore on that day.

9.03 am: Maruti Suzuki India, Bharti Airtel, ICICI Bank, Vedanta, Dabur India, Apar Ind, Alembic, Glenmark Pharma, HCC, Muthoot Finance, Titan, Sterlite Tech, Syndicate Bank and Vimta Labs to announce their results today.

8.42 am: The BSE Sensex and NSE Nifty may remain volatile on Thursday due to the expiry session of the January F&O series. Traders will be settling their positions and rolling over to next series.

Sensex, which had gained 523.74 points in the previous two sessions, edged higher by 6.44 points, or 0.03 per cent, at 24,492.39 on Wednesday. On the other hand, the NSE Nifty index closed higher by 1.60 points, or 0.02 per cent, at 7,437.75.

Shares of HDFC will remain in focus on Thursday. HDFC on Wednesday post market hours reported a rise of 11.03 per cent in consolidated net profit at Rs 2,419 crore for the third quarter ended December 31. HDFC’s net profit in the October-December period of the previous fiscal stood at Rs 2,179.01 crore.

Asian shares pushed back into the black on Thursday as investors dipped their toes back into equities and demand for safehaven assets such as the yen and sovereign bonds faded. Hang Seng and Nikkei were up by 0.40 per cent and 0.19 per cent respectively.

On Wall Street, the Dow had ended Wednesday with losses of 1.38 per cent, while the S&P 500 fell 1.09 per cent and the Nasdaq shed 2.18 per cent.

The Federal Reserve made no change to monetary policy on Wednesday, a month after raising interest rates for the first time in nearly a decade. In keeping the benchmark interest rate near 0.25 per cent, the Federal Open Market Committee acknowledged economic weakness overseas, particularly China, is a threat to the US recovery.

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