Tag: NSE

Mentha oil futures drop 2.49% on subdued demand

Mentha oil futures drop 2.49% on subdued demand

27/06/2017 17:44

Mentha oil futures fell over 2 per cent during evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the agri-commodity amid subdued physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, cut down of bets by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade.

At the MCX, mentha oil futures for June 2017 contract is trading at Rs 886 per kg, down by 2.49 per cent, after opening at Rs 904, against a previous close of Rs 908.60. It touched the intra-day low of Rs 883.90 (at 17:46 hours).

Post Session: Sensex slips 180 pts to close below 31K; rate sensitive stocks drag

Weighed down by sharp losses in rate sensitive realty and bank stocks, the Indian equities ended lower for the second straight session on Tuesday, tracking mixed cues from Asian market. On the sectoral front, banking stocks emerged as top losers after rating agency raised concerns over mounting loan-loss provisioning and said that banks will have to sacrifice nearly 60 per cent of the value of the loans extended to the 12 indebted companies recognized by the RBI. Reacting to the news, index heavyweights, PNB, Bank of Baroda, SBI, Axis Bank and Federal Bank, fell between 4.5 per cent to 2 per cent.

The 30-share barometer SENSEX closed at 30958.25, down by 179.96 points or by 0.58 per cent, and then NSE Nifty ended at 9511.4, down by 63.55 points or by 0.66 per cent.

In line with benchmark indices, the broader markets witnessed sharp selling with BSE MIDCAP falling 114.93 points, or by 0.79 per cent to settle at 14468.88, while the BSE SMLCAP ended at 15141.08, down by 240.82 points or by 1.57 per cent.

During the day’s trade, Sensex touched an intraday high of 31294.96 and intraday low of 30847.08, while the NSE Nifty touched intraday high of 9615.4 and intraday low of 9473.45.

The top losers of the BSE Sensex pack were State Bank of India (Rs. 279.40,-3.27%), Axis Bank Ltd. (Rs. 492.80,-2.34%), Infosys Ltd. (Rs. 926.35,-1.80%), Asian Paints Ltd. (Rs. 1134.00,-1.73%), Bajaj Auto Ltd. (Rs. 2779.20,-1.61%), among others.

On the flip side, Bharti Airtel Ltd. (Rs. 371.80,+1.61%), Oil And Natural Gas Corporation Ltd. (Rs. 159.95,+1.23%), Hero MotoCorp Ltd. (Rs. 3695.95,+0.97%), Tata Steel Ltd. (Rs. 510.45,+0.60%), Adani Ports & Special Economic Zone Ltd. (Rs. 367.25,+0.56%), were among the top gainers on the BSE.

On the sectoral front, all the indices ended bleeding in red, barring consumer durables, while rate sensitive bank and realty stocks emerged as top losers, falling as much as 1.45 per cent and 1.4 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2967, shares advanced were 808 while 1979 shares declined and 180 were unchanged.


27/06/2017 16:07

Post Session: Sensex, Nifty end flat in choppy trade; oil&gas, realty stocks drag

The Indian equities ended flat in a volatile trading session on Thursday, tracking mixed cues from Asian market, weighed down by sharp selling in oil and gas and realty stocks. The BSE Sensex opened higher today and surged 211 points to hit an all-time high of 31,522.87, but pared all the gains to close flat at 31,290, as investors pressed sell button in the final hour of the trade amid weak European cues.

The 30-share barometer SENSEX closed at 31290.74, up by 7.1 points or by 0.02 per cent, while the NSE Nifty ended at 9630, down by 3.6 points or by 0.04 per cent.

Early today, the benchmark indices witnessed surge in buying activity after capital market regulator Sebi eased takeover norms for restructuring listed companies with stressed assets, a move which will further boost fight against bad loan.

During the day’s trade, Sensex touched an intraday high of 31522.87 and intraday low of 31255.63, while the NSE Nifty touched intraday high of 9698.85 and intraday low of 9617.75.

The top gainers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 538.70,+2.03%), State Bank of India (Rs. 294.55,+1.50%), Housing Development Finance Corporation Ltd. (Rs. 1650.35,+1.41%), Reliance Industries Ltd. (Rs. 1433.15,+1.06%), Bajaj Auto Ltd. (Rs. 2850.00,+1.02%), among others.

On the flip side, Oil And Natural Gas Corporation Ltd. (Rs. 160.50,-2.82%), Hindustan Unilever Ltd. (Rs. 1094.25,-2.62%), Lupin Ltd. (Rs. 1066.95,-2.49%), Power Grid Corporation of India Ltd. (Rs. 201.60,-2.11%), Dr. Reddy’s Laboratories Ltd. (Rs. 2629.45,-2.05%), were among the top losers on the BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3009, shares advanced were 1215 while 1620 shares declined and 174 were unchanged.


22/06/2017 16:05

Cardamom futures slip 2.29% on sluggish demand

Cardamom futures slip 2.29% on sluggish demand

20/06/2017 17:17

Cardamom futures fell over 2 per cent during evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the agri-commodity on plunge in physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downward trend in the domestic cardamom prices. At the MCX, cardamom futures for July 2017 contract is trading at Rs 1047 per kg, down by 2.29 per cent, after opening at Rs 1103.60, against a previous close of Rs 1071.50. It touched the intra-day low of Rs 1039 (at 17:17 hours).

Post Session: Sensex, Nifty end flat in choppy trade; IT, pharma stocks drag

16/06/2017 16:24

The Indian equities ended tad lower in choppy trade on Friday, undermining firm cues from Asian peers, as investors digested the US Federal rates hike, while reports that the Bank of England came close to raise U.K. interest rates also left traders jittery. Most of the Asian markets closed higher as the Bank of Japan maintained status quo in its latest policy review. IT, Teck and pharma stocks witnessed selling pressure amid concerns over earnings outlook. IT bellwether Infosys dipped over 1 per cent after the company announced that Sandeep Dadlani, the head of Americas and global head of manufacturing and retail, has resigned from his post.

The 30-share barometer SENSEX closed at 31056.4, down by 19.33 points or by 0.06 per cent, and the NSE Nifty ended at 9588.05, up by 10 points or by 0.1 per cent.

During the day’s trade, Sensex touched an intraday high of 31182.73 and intraday low of 31017.18, while the NSE Nifty touched intraday high of 9615.85 and intraday low of 9565.5.

The top losers of the BSE Sensex pack were Lupin Ltd. (Rs. 1131.00,-4.40%), Sun Pharmaceutical Industries Ltd. (Rs. 529.15,-2.78%), Wipro Ltd. (Rs. 254.95,-2.24%), Cipla Ltd. (Rs. 537.05,-2.20%), Infosys Ltd. (Rs. 940.50,-1.24%), among others.

On the flip side, Tata Motors Ltd. (Rs. 455.50,+1.57%), ITC Ltd. (Rs. 306.30,+1.46%), Adani Ports & Special Economic Zone Ltd. (Rs. 362.65,+0.67%), State Bank of India (Rs. 285.85,+0.63%), NTPC Ltd. (Rs. 160.25,+0.53%), were among the top gainers on the BSE.

Among the sectors, healthcare and IT stocks emerged as top losers, falling as much as 1.52 per cent and 0.83 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 2994, shares advanced were 1427 while 1400 shares declined and 167 were unchanged.

Indiabulls Housing Finance raises Rs 1100 cr via bonds

Indiabulls Housing Finance raises Rs 1100 cr via bonds

16/06/2017 15:35

Indiabulls Housing Finance said that it has raised Rs 1100 crore by issuing Non-Convertible Debentures on a private placement basis.

“Indiabulls Housing Finance has allotted its second tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs 10 lakh each (‘NCDs’) aggregating to Rs 1100 crore on a private placement basis,” the company said in a filing to the Bombay Stock Exchange.

The coupon/interest offered will be 7.85 per cent per annum payable annually and at maturity.

The debentures have tenure of 731 days and the date of maturity is 17th June 2019.

Meanwhile, shares of the company closed trading at Rs 1129.60 apiece, down 1.78 per cent from the previous close on BSE.

United Bank of India cuts 6-month MCLR to 8.55%

United Bank of India cuts 6-month MCLR to 8.55%

16/06/2017 14:55

United Bank of India said that it has revised its Marginal Cost of Funds based Lending Rate (MCLR) with immediate effect.

“The bank has reduced its six month Marginal Cost of Funds based Lending Rate (MCLR) to 8.55 per cent per annum (p.a.), with immediate effect, United Bank of India said in a filing to the Bombay Stock Exchange.

Meanwhile, shares of the bank were trading at Rs 19.85 apiece, down 1.73 per cent from the previous close at 14:52 hours on BSE.

Yellow metal little changed ahead of Fed decision

Yellow metal little changed ahead of Fed decision

14/06/2017 14:08

Gold futures were little changed during afternoon trade in the domestic market on Wednesday as investors and speculators awaited further cues on market direction ahead of the outcome of a US Fed’s policy meeting later in the day, which could provide further clues over the timing of interest rate hikes this year.

Further, the US central bank is widely expected to raise interest rates at its two-day meeting. Meanwhile, the focus will be on any fresh hints on the pace of further tightening in the months to come and next year, and any further details on its plans for trimming its balance sheet.

At the MCX, gold futures for August 2017 contract is trading at Rs 28920 per 10 grams, down by 0.08 per cent, after opening at Rs 29050, against a previous close of Rs 28944. It touched the intra-day low of Rs 28912 (at 14:01 hours).

Farmers ask Govt to roll back 5% GST on raw tobacco

13/06/2017 15:46

A farmers’ association has asked the government to roll back 5 per cent GST on raw tobacco and exempt it from the tax bracket like any other agricultural crop, reported PTI.

Fearing drop in prices of tobacco leaves and raw tobacco post GST, tobacco farmers across Andhra Pradesh have stalled auctions in all platforms, said the Federation of All India Farmer Associations (FAIFA) in a statement.

Terming the tax rate on tobacco “unrealistic”, farmers said it will severely endanger their livelihoods and asked the government to do away with it in the upcoming GST-Review meeting on June 18.

“Farmers from different auction platforms in the Southern Black Soil (SBS) region decided not to bring our produce to the market to protest 5 per cent GST on tobacco leaves and 28 per cent on unmanufactured tobacco,” said FAIFA Vice President Gadde Seshagiri Rao.

According to FAIFA, raw tobacco and un-manufactured tobacco were exempted from the central excise from the time of Charan Singh government considering their difficulties.

The association has requested to “maintain status quo” in this regard by treating tobacco “on par with other agricultural crops”.

FAIFA claims to represent farmers of commercial crops from Andhra Pradesh, Telangana, Karnataka, Gujarat etc.

Zinc futures slip 0.67% on global cues

Zinc futures slip 0.67% on global cues

12/06/2017 17:43

Zinc futures were trading lower during evening trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal ahead of the US Fed meeting and economic data from top consumer, China, which could yield clues to future demand growth.

Further, the central bank is widely expected to raise interest rates at its two-day meeting. Meanwhile, the focus will be on any fresh hints on the pace of further tightening in the months to come and next year, and any further details on its plans for trimming its balance sheet.

Besides, China’s economy is expected to show steady growth in May, buoyed by solid gains in trade and investment as economic ties with the US take a positive turn and infrastructure spending cushions domestic growth.

At the MCX, zinc futures for June 2017 contract is trading at Rs 162.05 per kg, down by 0.67 per cent, after opening at Rs 162.70, against a previous close of Rs 163.15. It touched the intra-day low of Rs 161.55 (at 17:43 hours).