Nifty settles below 7,050 level: Stock Market Closing News

The BSE Sensex opened at 23,689, touched an intra-day high of 23,692 and low of 23,165. It finally ended with a loss of 362 points at 23,191.

The NSE Nifty opened at 7,201 hitting a high of 7,205 and low of 7,038, before ending with a loss of 115 points at 7,048.  

The India VIX (Volatility) index was up 2.97% to 23.040.

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Adani Ports, NTPC, Hero MotoCorp, Power Grid, IndusInd Bank, Dr.Reddy's Lab and Cairn India were among the gainers on NSE, whereas SBI, ZEEL, Bank Of Baroda, PNB, Vedanta, Tata Motors and BHEL were among the losers today.

Out of 1,791 stocks traded on the NSE, 1,256 declined and 295 advanced today.

A total of five stocks registered a fresh 52-week high in trades today, while 67 stocks touched a new 52-week low on the NSE.

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Tata Chemicals unit to sell stake in Gez Mauritius for $5.5 million

 

Tata Chemicals Ltd has entered into an agreement with Rademan Janse van Rensburg for sale of its entire stake in Grown Energy Zambeze Holdings, Mauritius (‘GEZ Mauritius’) for a consideration of US$ 5.5 million.

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Tata Chemicals Ltd ended at Rs. 340.65, up by Rs. 5.9 or 1.76% from its previous closing of Rs. 334.75 on the BSE.

 

The scrip opened at Rs. 344.95 and touched a high and low of Rs. 344.95 and Rs. 328.05 respectively. A total of 562082(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8678.4 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 525.7 on 23-Jul-2015 and a 52 week low of Rs. 324.9 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 375 and Rs. 324.9 respectively.

The promoters holding in the company stood at 30.98 % while Institutions and Non-Institutions held 47.48 % and 21.54 % respectively.

The stock traded above its 200 DMA.

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The S&P BSE Sensex is trading at 23,624 down by 135 points, while NSE Nifty is trading at 7,174 down 42 points.

The BSE Mid-cap Index is trading down by 0.64% at 9,954. whereas BSE Small-cap Index is trading down by 0.45% at 10,231.

The INDIA VIX is up by 1.41% at 22.7825. Out of 1,741 stocks traded on the NSE, 906 declined, 307 advanced and 235 remained unchanged today.

A total of three stocks registered a fresh 52-week high in trades today, while 73 stocks touched a new 52-week low on the NSE.

Indian Rupee opened weaker by 10 paise at 67.95/$ in early trade on Thursday as against the previous close of 67.85/$.

Asian markets are playing catch up on the downside as they opened after a break.

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The outlook is a negative open. Investors will hope the Tuesday twist comes into play and indices recoup their losses towards the end of the session. Global markets will have to lend support. Investors will be looking forward to comments from the Federal Reserve Chairperson Janet Yellen today and on Thursday, when she testifies before the Congress about the economy and monetary policy. "Key results include Apollo Tyres, Aurobindo Pharma, Bharat Forge, Britannia, CESC, Dr Reddy’s Lab, Geometric, GMDC, Gulf Oil, Hindalco Industries, MOIL, Motherson Sumi, SAIL, Ramco Cement and Timken India."

Rural Electrification Corporation (REC) and Power Finance Corp (PFC) may buy Government's shares in state-owned NHPC, according to reports.

Shares of Digital marketing firm Lycos Internet zoomed 7.1% to Rs.29.30 on BSE on news that it will acquire 100% stake in Austria-based mobile solutions provider TriTelA Gmbh in an all-stock transaction giving it access to cloud-based technology that can help broaden its consumer services.

The Government has asked public sector companies to buy back shares in order to contain the fiscal deficit without cutting stimulus spending, according to reports.