Sensex Down Over 100 Points, Nifty Below 7,450; Realty Stocks Up
MUMBAI: 9.51 am: Sensex was down 109.57 points at 24,441.60. According to the data released by the NSE, the Foreign Institutional Investors (FIIs) were net buyers of Rs 1427.16 crore in index futures and options segments, as per Tuesday’s data, March 15, 2016. FIIs were net buyers of index futures to the tune of 553.68 crore and they bought index options worth Rs 873.48 crore. In the stock segment, FII’s were net sellers of stock futures worth Rs 683.60 crore, while they sold stock options worth Rs 4.82 crore.
9.43 am: Indian rupee depreciated by 5 paise to 67.43 against the US dollar at the Interbank Foreign Exchange in early trade Wednesday due to increased demand for the American currency from importers amid a lower opening of the domestic equity market. BSE Sensex was trading 86.25 points down at 24464. Nifty was down 23.10 points at 7,437.
9.31 am: Cairn India shares were trading 1.04 percent down at Rs 148.15. The Income Tax Department has slapped on UK’s Cairn Energy plc a tax demand notice of over Rs 29,000 crore, including Rs 18,800 crore in back dated interest.
9.28 am: Thomas Cook (India)’s wholly owned subsidiary — Sterling Holiday Resorts has completed the acquisition of Nature Trails Resorts on March 15, 2016. The acquisition of Nature Trails Resorts adds to Sterling Holidays’ adventure tourism product offerings, strengthening its ability to offer diverse and immense holiday experiences. Shares of Thomas Cook (India) were trading 0.68 per cent down at Rs 181.25. Sensex was down 63.46 points at 24,487.
9.16 am: Sensex was trading 60.58 points, or 0.25 per cent, down at 24,490.59. Nifty was down 9.80 points down at 7,450.80. All the real estate stocks in the BSE Realty index were trading in green. The Real Estate (Regulation and Development) Bill, 2013, approved by Lok Sabha Tuesday, five days after its passage by Rajya Sabha, is designed to protect consumer interest, ensure efficiency in all property-related transactions, improve accountability of developers, boost transparency and attract more investments to the sector.
9.15 am: Domestic equity markets opened on a flat note on Wednesday. Nifty opened 3.55 points down at 7457.05. Sensex opened 13.56 points down at 24,537.61.
8.44 am: Domestic equity indices BSE Sensex and NSE Nifty are likely to open in green on Wednesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global markets.
At 8.24 am (IST), SGX Nifty was trading 18.50 points, or 0.25 percent, up at 7,502.
Asian shares were mixed on Wednesday while the dollar dithered as markets waited anxiously for the Federal Reserve to provide guidance on the risk of US rate hikes this year. Hang Seng and Shanghai were up by 0.03 percent and 0.21 percent. However, Nikkei was down by 0.38 percent.
Healthcare and materials stocks pulled Wall Street lower on Tuesday in a second straight day of quiet trading. The Dow Jones industrial average ended up 22.4 points, or 0.13 percent, at 17,251.53, the S&P 500 lost 3.71 points, or 0.18 percent, to 2,015.93 and the Nasdaq Composite dropped 21.61 points, or 0.45 percent, to 4,728.67.
Back home, BSE Sensex closed 253.11 points, or 1.02 percent, down at 24,551.17 on Tuesday, while Nifty 50 index settled 78.15 points, or 1.04 percent, down at 7,460.60.
Initial public offering (IPO) of HealthCare Global Enterprises (HCG) is going to hit capital markets today. The issue will end on March 18.
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