Nifty recovers 7,500 points as Sensex up more than 100

Sensex and Nifty are parts of our daily life and the actions going on the Dalal Street can make or destroy your day. Thus, the effort is to keep you updated regarding the "live" market.

Extending gains for the fifth back to back session, the benchmark Sensex progressed more than 100 points and the NSE Nifty recovered 7,500-mark in early trade on Tuesday as investors broadened bets amid increased foreign fund inflows.

 

@10:25am: Traders were seen heaping up position in metal, oil and gas, realty, capital products and PSU, while offering was seen in IT, TECK and Bankex. The business sector expansiveness on BSE was positive in the proportion of 1370: 593, while 122 scrips remainded unchanged.

@10:23am: The 30-share index was exchanging 118 points up at 24,765. So as to extend its Mumbai and Visakhapatnam refineries and additionally enlarging its marketing structure, Hindustan Petroleum Corporation (HPCL) is apparently planning to invest Rs 45,000 crore by 2020. Out of aggregate amount, Rs 21,000 crore would be put into refining capacity expansion, while Rs 9,000 crore would be spent in showcasing marketing infrastructure till 2020.

@10.20 am: Indiabulls Real Estate shares were exchanging 1.35 for every percent up at Rs 52.50. Indiabulls Real Estate together with its gathering firm Indiabulls Housing Finance is planning to invest Rs 25,000 crore in Haryana throughout the following seven years. In this respects, Indiabulls Group has marked a Memorandum of Understanding (MoU) with the state government making an on a fundamental level responsibility to put Rs 25,000 crore in the state by method for direct lending through home loans.

@9.50 am: VA Tech Wabag shares were exchanging more than 5 for every percent up in the morning exchange after it informed stock exchanges that the organization in consortium with IDE Technologies has won a Rs 594 crore contract from Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB), Chennai, India for Construction and Operation and Maintenance (O&M) of a 45 MLD Tertiary Treatment Plant at Koyambedu, Chennai.

@9:47 am: On the demand for the American currency from the importers and banks, the rupee debilitated by 19 paise to quote at 67.27 against the dollar at the Interbank Foreign Exchange(forex) market.

@9:45am: As Manpasand Beverages has tied up with Baskin Robbins in attempt to grow its business in the urban markets. Baskin Robbins is one of the largest icecream outlet, thus, shares of Manpasand Beverages were trading 1.34 percent up at Rs.45.

@9:42am: Sensex was up 109.59 points, or 0.44 for every percent, at 24756.07. In the 50- share index, Hindalco, Vedanta and Cairn India were exchanging up by 5.92 for every penny, 5.38 for each percent and 4.84, individually.

@9.36 am: Shares of Steel Authority of India were exchanging 9.49 for each percent up at Rs 43.85. India's local steel utilization in February fell without precedent for the most recent three months by very nearly 2 for each percent to 6.84 mt, something that doesn't forecast well for the business, which is banking on demand to pick up to spur on growth.

@9.34 am: Nifty was exchanging 16.75 points up at 7,502.10. Manures and Chemicals Travancore (FACT) is planning to offer 170 sections of land of its property to Bharat Petroleum Corporation (BPCL) for more than Rs 500 crore at Ambalamedu in Cochin (Kerala). The assets will be utilized for extension and modernisation of assembling limit. Reality an administration of India undertaking has business premiums in assembling and promoting of composts, caprolactam, building consultancy and manufacture of supplies. Shares of FACT were exchanging 1.44 for every percent down at Rs 23.90.

@9.32 am: Ajanta Pharma has gotten last endorsement of Almotriptan Malate Tablets (6.25 mg a 12.5 mg), a non specific rendition of Axert for the treatment of acute migraine , from the US Food and Drug Administration (FDA). Ajanta Pharma USA Inc., an entirely claimed subsidiary of the company, is booked to dispatch Almotriptan Tablets in US shortly. Shares of Ajanta Pharma were exchanging 3.09 for every percent up at Rs 1,440.35.

@9.30 am: Home-developed auto major Tata Motors has held hands with Bharat Forge and the US-based General Dynamics Land Systems (GDLS) to produce a battle vehicle for the Indian Army. The organizations will offer for contracts under the Ministry of Defense's (MoD) Future Infantry Combat Vehicle (FICV) program. Tata Motors will lead the consortium, with Pune-based Bharat Forge as an accomplice and GDLS giving aptitude on battle vehicle stages. To be created under the 'Make Category', FICVs are high-versatility heavily clad fight vehicle for infantry being produced to supplant Indian Army's armada of 2610 Russian-planned BMP (Sarath BMP-II) arrangement furnished vehicles, that are in operations since 1980. Shares of Bharat Forget and Tata Motors were exchanging higher by 1.72 for every percent and 0.79 for every percent, individually.

@9.21 am: Jain Irrigation Systems (JISL) has CCI endorsement for offering its stake worth Rs 792 crore in the company and its food subsidiary JFFFL to agri-business financing firm Mandala Capital. The company had declared the arrangement in November a year ago to raise capital with the primary purpose of accelerating JISL's balance sheet and also providing growth capital to it. The Competition Commission of India (CCI) has approved obtaining of stake in Jain Farm Fresh Foods (JFFFL) and Jain Irrigation by Mandala Rose and Mandala PrimRose Co-Investment. Shares of Jain Irrigation were exchanging 0.25 for every penny up at Rs 39.90. Sensex was exchanging 32 focuses up at 24,678.

@9.16 am: Sensex was up 51.83 points or 0.21 for each percent at 24,698.31. In the 30-offer list, TCS and SBI were down more than 2 for each percent.

@9.15 am: Domestic value markets opened on a level note on Tuesday. Sensex opened 8.71 points up at 24,655.19, while Nifty 50 opened 1.05 points up at 7,486.40.

@8.35 am: Domestic value records BSE Sensex and NSE Nifty are prone to open lower following Nifty prospects on the Singapore Stock Exchange (SGX Nifty) and frail Asian markets.

Overall, the 30-scrip Sensitive Index (Sensex) of the Indian Equity markets, on Tuesday was exchanging 43.88 points, or 0.18 percent up amid the morning session. The more extensive 50-scrip Nifty of the National Stock Exchange (NSE) was likewise exchanging 9.80 focuses, or 0.13 percent up at 7,495.15 points.

(Edited by: Neetu Gaur Sharma)