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Live: Sensex surges, Nifty above 8,680; Hero MotoCorp, Bajaj Auto gain

Livemint logo Livemint 05-08-2016 Livemint

India’s benchmark Sensex and Nifty Indices gained over 1% each led by gains in the banking and metal companies. However, investors are cautious ahead of the US non-farm payrolls data due later on Friday. Investors are also cautious ahead of the Reserve Bank (RBI) of bi-monthly policy due on 9 August. According to rating agency ICRA, RBI may not cut rates in this policy, but a 0.25% cut is on cards this year. It said the RBI is expected to keep rates unchanged for now as CPI inflation at around 5.8% in June is close to upper end of RBI’s target of 4% (+/-2%).

Live: Sensex rises 230 points; Suzlon India, Thomas Cook gain: A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/Mint© LiveMint A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/Mint

Here are the updates:

 

3:30pm: The S&P BSE Sensex rises 1.31%, or 363.98 points, to 28,078.35.

3:15pm: The S&P BSE Sensex rises 1.41%, or 392.02 points, to 28,106.39, while the Nifty 50 increases 1.55%, or 132.75 points, to 8,683.85.

Among Sensex stocks, Hero MotoCorp Ltd rises 5.60%, Bajaj Auto Ltd rises 4.48%, Axis Bank Ltd rises 3.85%, State Bank of India (SBI) 3.44% and Tata Motors Ltd increases 3.20%.

2:50pm:BSE Sensex rises 240 points or 0.89%, to 27,961.52, while the Nifty jumps 92 points, or 1.08%, to 8,643.50.

2:40pm: Bharat Forge Ltd rises 14% to `819.10. The company said its net profit for the June quarter fell 37.72% from a year ago due to lower total revenues. Net profit fell to `122.06 crore from `195.97 crore a year ago.

2:30pm: Dhampur Sugar Mills Ltd falls 3% to `129.20. The company reported a net profit of `33.08 crore in June quarter as compared to net loss of `88.11 crore a year ago. Net sales fell 6.1% from a year ago to `477.69 crore.

2:20pm: Suzlon Energy Ltd shares rises 5% after its chairman said the company would exit debt restructuring by March 2017.

2:10pm: The rupee is trading at 66.78 a dollar, up 0.22% from its previous close of 66.92. The rupee opened at 66.92 a dollar and touched a high and a low of 66.75 and 66.92, respectively.

2:00pm: BSE Sensex rises 230 points or 0.86%, to 27,952.26, while the Nifty jumps 90 points, or 1.09%, to 8,644.10.

1:20pm: Shares of cement companies are trading higher. ACC Ltd rises 3%, Andhra Cements Ltd 1.5%, Shree Cements Ltd 1%, Burnpur Cement Ltd 2.7%, Deccan Cements Ltd 2.1%, Heidelbergcement India Ltd 5.5%, Deccan Cement Ltd 2.1%, India Cement Ltd 6.22%, Ambuja Cements Ltd 4%.

1:10pm: Shares of movies and entertainment companies are trading higher. PVR Ltd rises 11%, Eros International Media Ltd 2%.

1:00pm: BSE Sensex rises 238 points or 0.86%, to 27,953.02, while the Nifty jumps 93 points, or 1.10%, to 8,644.95.

12:45pm: Stocks of tyre companies are trading higher. JK Tyre and Industries Ltd rises 11%, Ceat Ltd 5.5%, Apollo Tyres Ltd 9%, MRF 4%.

12:35pm: Muthoot Finance Ltd falls 2.4% to `352.95. According to CNBC TV, Tax officials have searched premises of Muthoot Group and Officials.

12:30pm: SpiceJet Ltd rises 1.6% to `62.35. SpiceJet Ltd and its owner Ajay Singh on Friday moved the Delhi high court in appeal against a 29 July ruling over a share transfer dispute with KAL Airways Pvt. Ltd.

12:25pm: Tata Steel Ltd rises 1.5% to `381.90. The stock gained over 6% in last two days and so far this year it gained 47%.

12:20pm: Tata Motors Ltd rises 1.2% to `508. The stock gained over 5% in last two days and so far this year it gained 29%.

12:15pm: BSE Sensex rises 280 points or 1.04%, to 28,003.69, while the Nifty jumps 94.45 points, or 1.10%, to 8,645.55.

12:10pm: Mayur Uniquoters Ltd rises 5% to `431 after the company said its board will meet on 10 August to consider share buyback.

12:05pm: Realty stocks are trading higher. Godrej Properties Ltd rises 3.7%, Prestige Estate Ltd 3%, NBCC India Ltd 2.1%, Unitech Ltd 2%, Sobha Ltd 1.8%, HDIL 1.4%, Oberoi Realty Ltd 1.3%, Omaxe 0.9%.

11:55am: Rico Auto Industries Ltd rises 3% to `55.10. Since 1 August, the stock gained 26% and so far this year it rose 16%.

11:50am: GlaxoSmithKline Consumer Healthcare Ltd falls 2.1% to `6,220. The company has posted a net profit of `160.61 crore in June quarter as compared to 156.05 crore a year ago. Total income fell to `1,118.56 crore in June quarter as compared to `1,128.87 crore a year ago.

11:45am: Siemens Ltd rises 1% to `1,267. The company declared a special dividend of `27.50 a share for financial year 2015-16.

11:40am: BSE Sensex rises 300 points or 1.09%, to 28,016.03, while the Nifty jumps 95 points, or 1.11%, to 8,646.20.

11:25am: Steel Strips Wheels Ltd rises 4.1% to `513. The company said in a notice to BSE that it won $55 million exports business from US.

11:25am: Stocks of auto companies are trading higher. Eicher Motors Ltd rises 3.2%, Hero MotoCorp Ltd 2.8%, Bajaj Auto 2.7%, Mahindra and Mahindra 1.7%, Tata Motors Ltd 1.1%, Maruti Suzuki India Ltd 1.1%, Ashok Leyland Ltd 1%.

11:20am: Reliance Industries Ltd rises 1.1% to `1,004.10. The pay package of India’s richest man, Mukesh Ambani, remained capped at `15 crore for fiscal year 2016, the eighth year in a row, while the rest of the top brass at RIL took home hikes.

11:15am: Adani Power Ltd rises 1% to `26.55. Rating agency CARE has cut long term rating of Adani Power Ltd to BBB- from BBB.

11:10am: Dhanlaxmi Bank Ltd rises 0.9% to `23.50. Rating agency CARE has cut the Dhanlaxmi Bank’s upper tier II bonds to Default rating from BB.

11:05am: BSE Sensex rises 290 points or 1.05%, to 28,004.71, while the Nifty jumps 85 points, or 1.05%, to 8,636.75.

10:50am: Tata Chemicals Ltd rises 1.6% to `463.10 ahead of its June quarter earnings. According to 6 Bloomberg analyst, the company may post net profit of `217.10 crore while net sales will be at `4,241.80 crore.

10:45am: Pfizer ltd rises 0.7% to `1,960 ahead of its June quarter earnings. According to 3 Bloomberg analyst, the company may post net profit of `67.27 crore while net sales will be at `525.30 crore.

10:40am: HT Media Ltd rises 1.6% to `83.85 ahead of its June quarter earnings. According to 9 Bloomberg analyst, the company may post net profit of `28.19 crore while net sales will be at `6.21 crore.

10:30am: BSE Sensex rises 280 points or 1.04%, to 28,003.70, while the Nifty jumps 90 points, or 1.05%, to 8,641.10.

10:20am: Bharat Forge Ltd rises 2% to `737.40. The company reported a net profit of `122 crore in June quarter as compared to `196 crore a year ago. Total Income fell to `957 crore against `1,190 crore a year ago.

10:15am: Bharat Electronics Ltd rises 1.5% to `1,248.45 ahead of its June quarter earnings. According to Bloomberg report, the company may post net profit of `46.60 crore while net sales will be at `1,176.10 crore.

10:10am: Credit Analysis and Research Ltd rises 0.7% to `1,046 ahead of its June quarter earnings. According to 8 Bloomberg analyst, the company may post net profit of `19.20 crore while net sales will be at `51.20 crore.

10:05am: EID Parry India Ltd rises 1.3% to `262.90 ahead of its June quarter earnings. According to Bloomberg analyst, the company may post net loss of `8.50 crore while net sales will be at `530.10 crore.

10:00am: Banking stocks ares trading higher. Allahabad Bank rises 2.8%, Bank of Baroda 2%, ICICI Bank 1.7%, Canara Bank 1.7%, Corporation Bank 1.6%, Union Bank of India 1.6%, Oriental Bank of Commerce 1.5%, Bank of India 1.5%, South India Bank 1.4%, Punjab National Bank 1.4%, Axis Bank 1.4%, State Bank of India 1.2%.

9:55am: Metal stocks are trading higher after government extends minimum import price. Hindustan Zinc Ltd rises 2.5%, Jindal Steel and Power 2.1%, Hindalco Industries Ltd 1.6%, Tata Steel Ltd 1.5%, Bhushan Steel Ltd 1.1%, Steel Authority Of India 1.7%, Vedanta Ltd 1.7%.

9:50am: BSE Sensex rises 230 points or 0.85%, to 27,951.93, while the Nifty jumps 72.70 points, or 0.85%, to 8,623.80.

9:35am: Suzlon India Ltd rises 6.1% to `17.30. According to Reuters report Suzlon Energy Ltd hopes to exit a process of corporate debt restructuring by March 2017, its chairman said on Thursday, a turnaround for a company that four years ago reeled under heavy debt after an ill-advised overseas expansion.

9:30am: Thomas Cook India Ltd rises 4% to `204.70. The company said its net profit rose 55.78% in June quarter to `62.02 crore as compared to `39.81 crore a year ago.

9:25am: Snowman Logistics Ltd falls 6.3% to `74 after the company reported a 67.22% decline in its net profit in June quarter to `1.79 crore as compared to `5.46 crore a year ago.

9:20am: Deepak Nitrite Ltd rises 2.3% to `103.80 after the company said its net profit rose 230% in June quarter to `67.86 crore as compared to `20.56 crore a year ago.

9:15am: Tanla Solutions Ltd rises 8.1% to `37.20. The company said its net profit rose 30.66% in June quarter to `4.05 crore as compared to `3.10 crore a year ago.

9:10am: The Indian rupee on Friday was trading marginally higher against the US dollar, tracking gains in its Asian peers ahead of non-farm payrolls data due later on Friday.

9:15am: The rupee opened at 66.92 a dollar. At 9.10am, the home currency was trading at 66.87 a dollar, up 0.06% from its previous close of 66.92.

8:55am: Asian shares joined a rise in global stock prices on Friday after the Bank of England (BoE) launched a potent post-Brexit stimulus campaign, but some caution before a big US jobs report limited gains.

8:50am: The Dow Jones industrial average fell 2.95 points, or 0.02%, to close at 18,352.05, the S&P 500 gained 0.46 point, or 0.02%, to finish at 2,164.25 and the Nasdaq Composite added 6.51 points, or 0.13%, to end at 5,166.25.

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