Tag: APSEZ

APSEZ buys back NCDs worth Rs 670 cr

APSEZ buys back NCDs worth Rs 670 cr

28/02/2017 12:35

Adani Ports and Special Economic Zone (APSEZ) has bought back non-convertible debentures (NCDs) aggregating to Rs 670 crore.

“The company has today bought back 3,483 non-convertible debentures,” APSEZ said in a filing to the Bombay Stock Exchange.

The company said it bought back 2,889 NCDs aggregating to Rs 500 crore due to mature on April 28. It also bought back 594 NCDs aggregating to Rs 170 crore due to mature on September 15.

Meanwhile, shares of the company were trading at Rs 298.80 apiece, up 0.69 per cent from the previous close at 12:41 hours on BSE.

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Markets remain rangebound; APSEZ, SBI shares advance

10/02/2017 10:15

The key domestic benchmark indices were trading in a positive terrain in rangebound trade in the morning trading session after erasing some early gains, weighed by ITC, ICICI Bank as well as auto and pharma stocks.

The markets got some support from firm cues from fellow Asian peers after Wall Street ended in green in overnight trade, ahead of the industrial production and manufacturing output data later in the day.

The financial stocks will remain in focus today as index heavyweight State Bank of India and Bank of Baroda will announce their December quarter earnings report. Today is going to be the busiest day of the earnings season as over 450 companies will release their financial report which include big names such as, Berger Paints, GAIL, Hindustan Zinc, M&M, Tata Power, Reliance Capital and Sun TV. At 10:10 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 28356.14 up by 26.44 points or by 0.09 per cent, while the NSE Nifty was at 8794 points, trading higher by 15.6 points or by 0.18 per cent. The BSE Sensex touched intraday high of 28456.18 and intraday low of 28319.47 The NSE Nifty touched intraday high of 8822.1 and intraday low of 8781.35

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 311.60,+2.35 per cent), State Bank of India (Rs. 279.50,+1.32 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 195.15,+1.14 per cent), Tata Steel Ltd. (Rs. 464.00,+0.89 per cent), NTPC Ltd. (Rs. 169.75,+0.83 per cent), among others.

Meanwhile, Lupin Ltd. (Rs. 1480.45,-1.00 per cent), Tata Motors Ltd. (Rs. 508.45,-0.85 per cent), ICICI Bank Ltd. (Rs. 282.75,-0.79 per cent), ITC Ltd. (Rs. 275.50,-0.68 per cent), GAIL (India) Ltd. (Rs. 487.70,-0.56 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2178 shares traded, 1221 shares advanced, 835 shares declined while 122 were unchanged.

On the global front, Asian stocks were trading higher today led by the Japanese market, which is up by over two percent with the gain in dollar, while the US markets closed higher in the previous trading session mainly due to comments from US President to announce a plan to lower the tax burden on American business.

Mid Session: Markets remain rangebound; APSEZ, HDFC top gainers

07/12/2016 12:22

The key domestic benchmark indices were trading in a positive terrain in the late morning trading session in rangebound trade as participants raised bets for rate cut ahead of the RBI policy meet scheduled for later in the day amid positive cues from fellow Asian peers.

The market is expecting rate action by RBI due to low inflation data and expectations of a further strengthen in deflationary forces.

The market is anticipating 25 bps cut in interest rate, while some expecting a 50 bps reduction, to combat the on-going demonetisation shock with November inflation staying in a comfortable territory of around 4 per cent. Rate-sensitive stocks such as financial, auto and realty will remain in focus today. Also, buying momentum was witnessed mainly in the oil & gas and public sector undertaking sector stocks.

At 12:22 AM, the Bombay Stock Exchange bellwether Sensex was at 26434.81 up by 42.05 points or by 0.16 per cent, while the NSE Nifty was at 8162.45 points, trading higher by 19.3 points or by 0.24 per cent.

The BSE Sensex touched an intraday high of 26469.93 and an intraday low of 26408.77 while the NSE Nifty touched an intraday high of 8170.7 and an intraday low of 8149.9

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 277.70,+2.08 per cent), Housing Development Finance Corporation Ltd. (Rs. 1265.00,+1.70 per cent), Tata Motors Ltd. (Rs. 446.40,+1.14 per cent), Hero MotoCorp Ltd. (Rs. 3232.80,+1.09 per cent), Mahindra & Mahindra Ltd. (Rs. 1186.00,+0.92 per cent), among others.

Meanwhile, Sun Pharmaceutical Industries Ltd. (Rs. 676.95,-4.11 per cent), Tata Consultancy Services Ltd. (Rs. 2169.80,-0.94 per cent), Lupin Ltd. (Rs. 1518.50,-0.62 per cent), Infosys Ltd. (Rs. 963.00,-0.41 per cent), Wipro Ltd. (Rs. 455.80,-0.39 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2537 shares traded, 1425 shares advanced, 956 shares declined while 156 were unchanged.

On the global front, Asian stocks were trading higher today as investors shrugged-off defeat of Italy’s constitutional referendum and shifted their focus to the upcoming policy meeting of the European Central Bank and also the US monetary policy due in December. US stocks closed higher in the previous trading session with the Dow Jones industrial hitting another record high as strong services sector data pointed to a strengthening economy.

Markets remain firm; APSEZ, MSI shares adance

22/11/2016 10:17

The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking a positive trend across markets in Asia despite a Japanese earthquake and a tsunami warning. Record high finish at Wall Street overnight on higher oil prices amid optimism over an OPEC deal to cut output next week also bolstered risk taking appetite.

Volatility may remain high at the domestic bourses as traders roll over their positions ahead of Thursday’s November derivative contract expiry, and amid continued caution over the impact of demonetization in Asia’s third biggest economy, curbing gains at Dalal Street.

Shares of Larsen & Toubro (L&T) and GTL Infra will be in focus today as these companies reveal their September quarter earnings.

At 10:15 AM, the Bombay Stock Exchange bellwether Sensex was at 25876.21 up by 111.07 points or by 0.43 per cent, while the NSE Nifty was at 7954.5 points, trading higher by 25.4 points or by 0.32 per cent.

The BSE Sensex touched an intraday high of 26039.7 and an intraday low of 25816.53 while the NSE Nifty touched an intraday high of 8018.45 and an intraday low of 7946.35

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 261.05,+2.31 per cent), Maruti Suzuki India Ltd. (Rs. 4879.40,+1.90 per cent), Cipla Ltd. (Rs. 554.90,+1.83 per cent), Tata Consultancy Services Ltd. (Rs. 2168.45,+1.68 per cent), Tata Steel Ltd. (Rs. 377.20,+1.52 per cent), among others.

Meanwhile, NTPC Ltd. (Rs. 152.95,-1.26 per cent), GAIL (India) Ltd. (Rs. 415.35,-1.14 per cent), Dr. Reddy’s Laboratories Ltd. (Rs. 3103.30,-1.00 per cent), Bharti Airtel Ltd. (Rs. 297.30,-0.73 per cent), Larsen & Toubro Ltd. (Rs. 1340.00,-0.61 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2064 shares traded, 1126 shares advanced, 839 shares declined while 99 were unchanged.

On the global front, Asian stocks were trading higher today as oil prices held an advance, rising to nearly USD 49 per barrel as Iran expressed confidence that the OPEC will agree to a supply-cut deal before next week’s meeting at Vienna. US stocks closed higher in the previous trading session driven by a rally in oil prices and a fall in the dollar.

Markets off day’s low; APSEZ, M&M shares dip

09/11/2016 10:21

The key domestic benchmark indices were trading in a negative terrain in the morning trading session with early results showing Donald Trump leading Hillary Clinton in a tight race in the US Presidential elections, which resulted in traders resorting to a cautious approach.

The focus will be on the shares of Cipla, Lupin, J&K Bank, Karnataka Bank, Oriental Bank of Commerce and UCO Bank which will unveil its September quarter earnings today.

Investors also reacted to the Government’s surprise move of withdrawing currency notes of Rs 1,000 and Rs 500 as it seeked to crackdown on black money. The move, effective from Tuesday midnight, viewed as a positive one for the longer-term, but could adversely affect short-term consumption in Asia’s third biggest economy, making Dalal Street traders wary.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 26741.53 down by 849.61 points or by 3.08 per cent, while the NSE Nifty was at 8267.55 points, trading lower by 276 points or by 3.23 per cent.

The BSE Sensex touched an intraday high of 27026.28 and an intraday low of 25902.45 while the NSE Nifty touched an intraday high of 8351.15 and an intraday low of 8002.25

Meanwhile, Adani Ports & Special Economic Zone Ltd. (Rs. 273.90,-5.84 per cent), Mahindra & Mahindra Ltd. (Rs. 1309.00,-5.46 per cent), Hero MotoCorp Ltd. (Rs. 3200.00,-5.03 per cent), ICICI Bank Ltd. (Rs. 269.10,-4.98 per cent), Bajaj Auto Ltd. (Rs. 2739.55,-4.40 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2304 shares traded, 178 shares advanced, 2058 shares declined while 68 were unchanged.

On the global front, Asian stocks were trading lower today as investors braced for the US presidential election results with early results indicating a tight race for the White House. US stocks closed higher in the previous trading session as Americans casted their ballots.

Markets trade higher; ICICI Bank, APSEZ shares advance

24/10/2016 10:23

The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking a mixed trend across markets in Asia as traders stuck to a cautious approach amidst a busy week for earnings results across the US, Japan and China, which will offer cues over the health of the global economy.

This week, shares of Adani Power, Axis Bank, Idea Cellular, Reliance Capital, Asian Paints, Bharti Airtel, Dr Reddy’s, HDFC Bank, HDFC, Hero MotoCorp, HUL, ITC, IOC, Maruti Suzuki India and ONGC will be in focus as the companies unveil their September quarter earnings.

Volatility may remain high at the domestic bourses as traders roll over their positions ahead of Thursday’s October Futures & Options (F&O) expiry. Foreign investment trend, movement of the rupee and oil prices will also dictate sentiment at Dalal Street this week.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28122.18 up by 45 points or by 0.16 per cent, while the NSE Nifty was at 8703.05 points, trading higher by 10 points or by 0.12 per cent.

The BSE Sensex touched an intraday high of 28192.2 and an intraday low of 28075.95 while the NSE Nifty touched an intraday high of 8723.05 and an intraday low of 8684.15

The top gainers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 284.15,+2.32 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 291.60,+2.05 per cent), State Bank of India (Rs. 262.70,+1.66 per cent), GAIL (India) Ltd. (Rs. 446.70,+1.42 per cent), Maruti Suzuki India Ltd. (Rs. 5717.00,+1.19 per cent), among others.

Meanwhile, Wipro Ltd. (Rs. 480.80,-3.69 per cent), Asian Paints Ltd. (Rs. 1134.10,-1.68 per cent), Bharti Airtel Ltd. (Rs. 305.00,-1.42 per cent), Dr. Reddy’s Laboratories Ltd. (Rs. 3079.65,-0.94 per cent), Tata Consultancy Services Ltd. (Rs. 2410.00,-0.77 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2353 shares traded, 1491 shares advanced, 701 shares declined while 161 were unchanged.

On the global front, Asian stocks were trading lower today as developers and banks declined while investors booked profits after bourses notched up their best weekly performance in a month. US stocks closed lower in the previous trading session amid concerns that a stronger dollar may hit corporate earnings but a flurry of deal activity bolstered consumer stocks.

Markets extend gains; Maruti Suzuki, APSEZ shares advance

03/10/2016 10:23

The key domestic benchmark indices were trading in a positive terrain in the morning trading session tracking a bullish trend across markets in Asia as worries over the health of German lender Deutsche Bank receded after reports appeared that it was set to be nearing a less-costly settlement than earlier feared, bolstering risk taking appetite.

Caution ahead of Tuesday’s keenly awaited RBI monetary policy review which will be the first one for new governor Urjit Patel may also weigh on the markets later in the day.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28123.5 up by 257.54 points or by 0.92 per cent, while the NSE Nifty was at 8695.85 points, trading higher by 84.7 points or by 0.98 per cent.

The BSE Sensex touched an intraday high of 28137.85 and an intraday low of 27919.89 while the NSE Nifty touched an intraday high of 8701.15 and an intraday low of 8635.

The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 5677.95,+3.63 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 264.15,+2.88 per cent), Mahindra & Mahindra Ltd. (Rs. 1445.20,+2.79 per cent), Hero MotoCorp Ltd. (Rs. 3504.50,+2.64 per cent), Bajaj Auto Ltd. (Rs. 2896.10,+2.26 per cent), among others.

Meanwhile, Tata Consultancy Services Ltd. (Rs. 2403.95,-0.96 per cent), Infosys Ltd. (Rs. 1030.25,-0.76 per cent), Wipro Ltd. (Rs. 475.75,-0.40 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 256.00,-0.27 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2232 shares traded, 1813 shares advanced, 357 shares declined while 62 were unchanged.

On the global front, Asian stocks were trading higher today as investors weighed the prospects of a further US interest rate hike and a report on business sentiment out of Japan. US stocks closed higher in the previous trading session as Deutsche Bank shares rebounded amid a report that the German banking giant was near a settlement with the Justice Department.

Markets remain firm; APSEZ, Tata Motors shares advance

02/09/2016 10:19

The key domestic benchmark indices were trading in a positive terrain in the morning trading session as robust domestic and foreign demand boosted manufacturing activity to a 13-month high in August as the Manufacturing PMI rose to 52.6 from 51.8 in July.

The investors may resort to a watchful approach later in the day ahead of the much anticipated US jobs data for August to be released today which may offer further cues over the timing of the US Federal Reserve’s next interest rate hike.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28470.46 up by 46.98 points or by 0.17 per cent, while the NSE Nifty was at 8777.85 points, trading higher by 3.2 points or by 0.04 per cent.

The BSE Sensex touched an intraday high of 28525.87 and an intraday low of 28428.35 while the NSE Nifty touched an intraday high of 8798.45 and an intraday low of 8770.1

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 268.35,+3.63 per cent), Tata Motors Ltd. (Rs. 554.25,+1.95 per cent), Maruti Suzuki India Ltd. (Rs. 5144.65,+1.71 per cent), Asian Paints Ltd. (Rs. 1169.50,+1.22 per cent), Lupin Ltd. (Rs. 1517.95,+1.09 per cent), among others.

Meanwhile, Coal India Ltd. (Rs. 332.40,-1.67 per cent), Bajaj Auto Ltd. (Rs. 2950.50,-1.54 per cent), Reliance Industries Ltd. (Rs. 1016.25,-1.25 per cent), GAIL (India) Ltd. (Rs. 389.00,-0.77 per cent), Mahindra & Mahindra Ltd. (Rs. 1442.30,-0.66 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2052 shares traded, 1213 shares advanced, 745 shares declined while 94 were unchanged.

On the global front, Asian stocks were trading marginally higher today as risk aversion ruled sentiment ahead of the US jobs data which may determine whether the world’s top central bank moves to tighten interest rates as early as this month. US stocks ended lower in the previous trading session amid caution ahead of Friday’s payrolls numbers while a renewed contraction in US manufacturing clouded the country’s economic outlook.