03:30pm Market Closing
Equity
benchmarks staged smart recovery on Thursday after seeing a fall in previous
three sessions. The Sensex climbed 390.49 points or 1.49 percent to 26637.28
and the Nifty rose 117.85 points or 1.50 percent to 7960.55 after the dovish
cues from the Fed.
About 2022 shares have advanced, 926 shares
declined, and 107 shares are unchanged.
BHEL, Hindalco Industries, SBI, Larsen and
Toubro, ICICI Bank, Zee Entertainment, Ambuja Cements and ACC topped the buying
list, up 2.4-8.4 percent while Wipro, NTPC, M&M, ITC, NMDC and BPCL were
down 0.3-1 percent. Tech Mahindra lost 2.49 percent.
03:10pm Cox & Kings in News
Cox & Kings said the board of directors
has approved raising of funds for an amount not exceeding Rs 1,200 crore
through issuance of securities including equity shares or equity linked
securities, including through a qualified institutions placement and/or
issuance of equity shares through convertible bonds, depository receipts and/or
any other instrument convertible or exchangeable into equity shares, and/or
other securities with or without warrants, to eligible investors.
03:00pm Market Check
The Sensex climbed 408.69 points or 1.56
percent to 26655.48 and the Nifty rose 120.60 points or 1.54 percent to
7963.30.
About 2030
shares have advanced, 877 shares declined, and 113 shares are unchanged.
02:50pm Taneja Aerospace in Focus
Taneja Aerospace and Aviation (TAAL) said the
board of directors today approved the scheme of arrangement between TAAL) and
TAAL Enterprises (TEL, a wholly owned subsidiary of the company), where the
charter business and investments in First Airways Inc. and TAAL Tech India
Private Limited (subsidiaries of the company) would be demerged into TEL.
The
appointed date of the scheme is October 01, 2014. The shareholding of TEL post
demerger would be the same as TAAL.
Shareholders will get one share in TEL for
every eight shares held in TAAL.
02:40pm Infosys Q2 expectations
India's second largest software services
exporter Infosys will kick off second quarter (July-September) earnings season
on Friday. While the operating numbers will be closely watched, of more
interest to the market will be the strategy of newly appointed CEO Vishal
Sikka.
According to the average of estimates collated
by CNBC-TV18, profit after tax is expected to increase 3.43 percent
sequentially to Rs 2,985 crore from Rs 2,886 crore.
Rupee revenue may grow 4.2 percent
quarter-on-quarter to Rs 13,307 crore and dollar revenue is seen rising 2.9
percent to USD 2,195 million as against 2 percent growth in previous quarter.
02:20pm Global markets
World
stock markets roared their approval of reassurances the US Federal Reserve will
not rush into raising interest rates, with risk appetite flooding back into
almost every asset class.
The dollar
jolted lower, while oil and commodity prices rose. Bond yields in large parts
of Europe, which have plunged during years of cheap funding from the Fed and
the world's other major central banks, hit new record lows.
Minutes of
the Fed's September 16-17 meeting published late on Wednesday showed officials
were wary about the dual threats of a stronger dollar and recent wobbles in the
world economy as they seek an eventual exit from record low rates.
There were
big gains on Wall Street and for Asia stocks, and European shares duly followed
suit as Britain's FTSE 100, Germany's DAX and France's CAC 40 rose 0.7, 1.2 and
0.8 percent respectively in early trading, reports Reuters.
02:00pm Market Check
Equity benchmarks maintained strong momentum
with the Sensex rising 393.79 points or 1.50 percent to 26640.58 and the Nifty
climbing 113.80 points or 1.45 percent to 7956.50 while the BSE Midcap and
Smallcap indices jumped 1.8 percent and 1.6 percent, respectively.
About 1965 shares have advanced, 856 shares
declined, and 103 shares are unchanged on the Bombay Stock Exchange.
Shares of
ICICI Bank, HDFC, HDFC Bank, L&T, Reliance Industries, Axis Bank, Maruti
Suzuki and Tata Power rallied 2-3 percent while PSU lender State Bank of India
was up 3.5 percent.
Hindalco
Industries surged over 5 percent, reacting to Alcoa's Q3 numbers which beat
estimates while BHEL spike 8 percent after the company bagged an EPC order
worth Rs 7,800 crore from Tamil Nadu Generation & Distribution Corporation.
However,
ITC, Wipro and NTPC lost ground, down 0.3-1 percent.
In the
midcap space, Amtek India, Monsanto India, United Bank, Den Networks and
Federal Bank rose 7-15 percent whereas Trinity Trade, Mindtree, Pfizer, Risa
International and Responsive Industries slipped 1-5 percent. More information
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