12:47 p.m.: Sensex trades firmly higher, jumps 193 points to 27,193 and Nifty rises 57 points to 8,345.
12:42 p.m.: Nifty 8,400 strike price call option was the most active options contract on the NSE. The premium on the contract jumped 18.45 per cent to Rs 115.55 and as many as 5.17 lakh shares were added to the open interest of 3.44 million shares.
12:30 p.m.: Market breadth remains positive as 1,540 stocks advance while 877 decline.
12:22 p.m.: BSE small-cap index advances 0.88 per cent. Visagar Polytex was the top gainer from this space, up 20 per cent to Rs 4.50. Tree House Education, Panacea Biotech, Usher Agro, HCL Infosystems, Vikas WSP and IL&FS Tranport Networs were also among the gainers, up 8.2-17 per cent each.
12:12 p.m.: Banking stocks witness buying interest, Bank Nifty advances 0.65 per cent. Federal Bank was the top gainer from this space, up 4 per cent to Rs 156.55. Bank of Baroda, Bank of India, Axis Bank, IndusInd Bank and Yes Bank were also among the gainers, up 1.13-1.7 per cent each.
12:06 p.m.: Mahanagar Gas made a blockbuster debut on stock markets today. Its shares jumped over 30 per cent to an intraday high of Rs 548.95 against its issue price of Rs 421.
Mahanagar Gas had mopped up Rs 1,040 crore through its initial public offer (IPO), which closed on June 23.(Read)
11:52 a.m.: Capital goods stocks were witnessing buying interest. The BSE Capital Goods index was up 1.85 per cent; Larsen & Toubro, BHEL, Havells, Suzlon Energy, Praj Industries and Siemens were among the gainers.
11:47 a.m.: BHEL was the top Nifty gainer, the stock jumped 3 per cent to Rs 131.55. ITC, Dr Reddy’s Labs, Larsen & Toubro, Tata Steel, BPCL, Tata Motors and Bharti Airtel were also among the gainers, up 1.4-2.7 per cent each.
11:38 a.m.: ITC shares jumped nearly 6 per cent to a fresh 52-week high on Friday after they went ex-bonus. ITC shares jumped to Rs 259.75 on National Stock Exchange against its adjusted closing price of Rs 245.60 on Thursday.
ITC had declared a 1:2 bonus shares issue in May this year for which the record date is July 2, 2016. Shareholders who will have two ITC shares in their demat account as on July 2, will get one bonus share.(Read)
11:32 a.m.: The market breadth was positive as 1,501 stocks were advancing while 823 were declining.
11:20 a.m.: Stock markets continue to witness strong buying interest. Sensex surges 219 points to 27,218 and Nifty advances 61 points to 8,349.
11:16 a.m.: Shares of Strides Shasun jumped as much as 6.74 per cent to hit intraday high of Rs 1,205 after the pharma company announced successful completion of US FDA inspection at its oral dosage facility in Bangalore.
Strides Shasun in a statement issued to the stock exchanges said, “The audit was carried out related to a product filed from the new semi solids block form where the company has made a series of filings.”(Read)
10:41 a.m.: Shares of Equitas Holdings surged as much as 7.87 per cent to hit intraday high of Rs 191.70 after the microfinance player said that Reserve Bank of India has issued it the final licence for starting small finance bank operations.
Equitas Holdings in a statement issued to the BSE said, “This is to intimate that the Reserve Bank of India has issued licence no. MUM:119 dated June 30, 2016 to Equitas Small Finance Bank Limited to carry on the Small Finance Bank (SFB) operations in India subject to the terms and conditions stipulated in its letter dated June 30, 2016.”(Read)
10:28 a.m.: Container Corp was the top gainer from the mid-cap space, up 3 per cent to Rs 1,471.55. 3M India, Havells, HPCL, Petronet LNG, Tata Chemicals, Indian Hotels, Ememi Ltd and Britannia Industries were also among the gainer, up 2-2.77 per cent each.
10:03 a.m.: Mahanagar Gas makes stellar debut on stock exchanges, shares surge 30 per cent on listing.
9:21 a.m.: Sensex rose over 200 points while 50-share Nifty headed towards its another crucial psychological level of 8,350 on the back of broad-based buying amid global market rally.
As of 9:19 a.m., Sensex traded 144 points higher at 27,143 and Nifty advanced 39 points to 8,326.
Meanwhile, Asian stocks rose on Friday as global riskier assets continued to recover from last week’s Brexit shock, while the pound came under renewed pressure after the Bank of England’s governor hinted of an interest rate cut ahead.
Japan’s Nikkei advanced 0.65 per cent, Hong Kong’s Hang Seng surged 1.75 per cent and Taiwan Weighted rose 0.9 per cent.
Overnight, Wall Street rolled to a third straight day of gains on Thursday as Britain’s central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International’s $23 billion bid for Hershey.
The Dow Jones industrial average rose 235.31 points, or 1.33 percent, to 17,929.99, the S&P 500 gained 28.09 points, or 1.36 percent, to 2,098.86 and the Nasdaq Composite added 63.43 points, or 1.33 percent, to 4,842.67.
Back home, in early trading, buying was visible across the sectors. Pharma, FMCG, capital goods, metal, realty, oil & gas and banking indices were up 0.6-1 per cent each.
From the Nifty basket of shares, 44 were advancing while 7 were declining.
Dr Reddy’s Labs was the top Nifty gainer, the stock advanced 2.6 per cent to Rs 3,470. BHEL, ITC, Tata Steel, Tata Power, Axis Bank, Aurobindo Pharma, Tata Motors, Larsen & Toubro and IndusInd Bank were also among the gainers.
On the other hand, Bharti Airtel, HUL, Grasim Industries, Asian Paints and TCS were among the losers.
The broader markets were outperforming the benchmark indices. The BSE mid-cap index advanced 0.8 per cent and the small-cap index rose 0.72 per cent compared with 0.5 per cent gain in the Sensex.
8:55 a.m.: The BSE Sensex and Nifty are likely to open on a flat note on Friday. Nifty future on Singapore Stock Exchange was up 4.5 points at 8,340, indicating a muted start for domestic markets.
However, sentiment is likely to be positive as global markets continued to trade strong. Most of the Asian indices were up between 0.2-1 per cent in trades today. US markets also ended higher for the third straight day on Thursday. The Dow Jones industrial average rose 235.31 points, or 1.33 per cent and the S&P 500 gained 1.36 per cent yesterday.
Meanwhile, auto stocks will react today to their sales numbers for the month of June.
Indian markets extended their gains to the fourth straight day on Thursday with Nifty ending at a fresh 2016 high of 8,287.75, up 83.75 points while Sensex settled 259.33 points higher at 26,999.72. Analysts say approval of seventh pay for government employees, progress of monsoon and higher chances of GST getting passed in the upcoming monsoon session boosted sentiments for domestic markets.