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As on May 29, 2017 12:00 AM Your results on : End Session    
Key benchmarks rise for 3rd straight day
29-May-2017 (16:32)

Market registered small gains on hopes of timely arrival of southwest monsoon rains. The barometer index, the S&P BSE Sensex, rose 81.07 points or 0.26% to settle at 31,109.28. The Nifty 50 index rose 9.80 points or 0.10% to settle at 9,604.90. The Sensex and the Nifty, both, hit record high in the intraday as well as on closing basis. The Sensex settled above the psychological 31,000 level after alternately moving above and below that level till early afternoon trade.

Market sentiment was boosted by hopes of timely arrival of southwest monsoon rains after India Meteorological Department (IMD) in a press release dated 29 May 2017 said that conditions are becoming favorable for further advance of southwest monsoon and its setting over Kerala and parts of northeastern states around 30th to 31st May 2017.

The June-September southwest monsoon is critical for the country's agriculture because a considerable part of the country's farmland is dependent on the rains for irrigation.

Overseas, European stocks were mixed. UK market was shut for a public holiday. Asian stocks edged lower amid decline in oil prices and geopolitical tensions. China and Taiwan stock markets were closed for public holidays.

Reports suggested that North Korea today, 29 May 2017, fired off its third ballistic missile test in just over three weeks, a short-range ballistic missile that Japan said fell in the ocean within 200 miles of its coastline.

US stocks closed mixed on Friday, 26 May 2017, ahead of the Memorial Day holiday weekend.

Back home, the Sensex rose 81.07 points or 0.26% to settle at 31,109.28, its record closing high. The index rose 186.18 points, or 0.60% at the day's high of 31,214.39. The index fell 158.31 points, or 0.51% at the day's low of 30,869.90.

The Nifty 50 index rose 9.80 points or 0.10% to settle at 9,604.90, its record closing high. The index rose 42.65 points, or 0.44% at the day's high of 9,637.75. The index fell 47.40 points, or 0.49% at the day's low of 9,547.70.

Among other indices, the BSE Mid-Cap index fell 1.03%. The BSE Small-Cap index fell 1.53%. Both these indices underperformed the Sensex.

The broad market depicted weakness. There were more than two losers against every gainer on BSE. 1,798 shares declined and 860 shares rose. A total of 193 shares were unchanged.

The total turnover on BSE amounted to Rs 3813.86 crore, slightly less than turnover of Rs 3835.84 crore registered during the previous trading session.

Among the sectoral indices on BSE, the S&P BSE Realty index (down 4.39%), the S&P BSE Healthcare index (down 2.75%), the S&P BSE IT index (down 1.27%), the S&P BSE Power index (down 1.15%), the S&P BSE Industrials index (down 1.06%), the S&P BSE Teck index (down 1.03%), the S&P BSE Bankex (down 0.94%), the S&P BSE Capital Goods index (down 0.86%), the S&P BSE Basic Materials index (down 0.63%), the S&P BSE Utilities index (down 0.58%), the S&P BSE Oil & Gas index (down 0.47%), the S&P BSE Finance index (down 0.31%), the S&P BSE Metal index (down 0.28%) and the S&P BSE Consumer Discretionary Goods & Services index (down 0.26%), the S&P BSE Consumer Durables index (up 0.10%) and the S&P BSE Energy index (up 0.20%), underperformed the Sensex. The S&P BSE Auto index (up 0.30%) and the S&P BSE FMCG index (up 1.55%), outpeformed the Sensex. The S&P BSE Telecom index was unchanged.

Realty stocks dropped. Peninsula Land (down 6.87%), Unitech (down 5.4%), D B Realty (down 4.55%), Anant Raj (down 3.75%), Godrej Properties (down 3.58%), Indiabulls Real Estate (down 3.31%), Prestige Estates Projects (down 3.29%), Housing Development and Infrastructure (HDIL) (down 3.14%), Sobha (down 2.66%), Mahindra Lifespace Developers (down 2.57%), Parsvnath Developers (down 2.55%), Omaxe (down 1.27%) and Phoenix Mills (down 0.87%), edged lower. Oberoi Realty (up 0.84%) and Sunteck Realty (up 4.14%), edged higher.

Realty major DLF tumbled 9.41% to Rs 176.10. The company reported consolidated net profit of Rs 142.66 crore in Q4 March 2017, compared with net loss of Rs 211.11 crore in Q4 March 2016. Net sales declined 12.6% to Rs 2225.18 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

State-run NTPC rose 0.13% to Rs 156.35. The company's net profit declined 25.54% to Rs 2079.40 crore on 11.5% rise in total revenue to Rs 20886.85 crore in Q4 March 2017 over Q4 March 2016. The result was announced during market hours today, 29 May 2017.

Drug major Sun Pharmaceutical Industries slumped 11.56% to Rs 502.85 after consolidated net profit fell 14% to Rs 1223 crore on 8% fall in sales to Rs 6825 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

Dilip Shanghvi, Managing Director of the company said that Q4 performance reflects the impact of the challenging generic pricing environment in the US. Despite this, the company continued to invest strong cash flows in enhancing specialty pipeline.

IT firm Tech Mahindra tumbled 11.66% to Rs 379.30 after consolidated net profit dropped 31.2% to Rs 588 crore on 0.8% fall in revenue to Rs 7495 crore in Q4 March 2017 over Q3 December 2016. The result was announced after market hours on Friday, 26 May 2017.

Managing Director and CEO of the company CP Gurnani, said that the IT industry is going through a paradigm shift amid changing demand pattern from the clients, technological changes and requirement for significant skill enhancement.

The company has responded to these changes proactively by reimagining the business, imbibing a culture of innovation, encouraging reskilling and retraining workforce wherever necessary, he added.

ONGC fell 0.40% to Rs 175.10 after net profit declined 6.14% to Rs 4340.18 crore on 26.81% rise in total income to Rs 26233.56 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours on Friday, 26 May 2017.

Bank stocks declined on reports that The Institute of Chartered Accountants of India (ICAI) has written to the Reserve Bank of India (RBI) seeking information on the divergence in bad loans estimates by some banks.

Among public sector banks, UCO Bank (down 5.41%), Union Bank of India (down 4.81%), IDBI Bank (down 3.99%), Dena Bank (down 3.93%), Bank of India (down 3.8%), Vijaya Bank (down 3.7%), Punjab National Bank (down 3.68%), Syndicate Bank (down 3.62%), Allahabad Bank (down 3.54%), Andhra Bank (down 3.16%), Bank of Maharashtra (down 2.88%), Canara Bank (down 2.45%), Central Bank of India (down 1.77%), United Bank of India (down 1.75%), Corporation Bank (down 1.63%), Punjab & Sind Bank (down 1.56%) and State Bank of India (down 1.4%), edged lower. Indian Bank rose 0.95%.

Bank of Baroda lost 3.20% to Rs 174.05. The bank's board of directors at its meeting held on 27 May 2017, approved raising of additional capital fund up to Rs 9000 crore upto 31 March 2018 comprising of Rs 6000 crore by way of equity capital by various modes in suitable stages and Rs 3000 crore by way of additional Tier 1 capital instruments, issued in India/overseas in suitable tranches. This will be subject to applicable statutory/regulatory approvals. The announcement was made on Saturday, 27 May 2017.

Among private sector banks, City Union Bank (down 3.92%), Yes Bank (down 3.48%), Federal Bank (down 3.29%), ICICI Bank (down 2.16%), RBL Bank (down 1.61%) and Axis Bank (down 1.07%), edged lower. Kotak Mahindra Bank (up 0.37%), HDFC Bank (up 0.39%) and IndusInd Bank (up 0.64%), edged higher.

Meanwhile, the Sensex has risen 807.64 points, or 2.67% in three trading sessions from its close of 30,301.64 on 24 May 2017. The Sensex has gained 1,190.88 points or 3.98% in May 2017 (till 29 May 2017). The barometer index has gained 4,482.82 points or 16.84% in the calendar year 2017 (till 29 May 2017). From a 52-week low of 25,717.93 hit on 21 November 2016, the barometer index has risen 5,391.35 points or 20.96%.

Sensex crosses 31,000 mark
26-May-2017 (16:26)
Sensex hits record closing high on upbeat global stocks
25-May-2017 (16:37)
Market logs modest decline in choppy trade
24-May-2017 (17:00)
Nifty settles at two-week low on rising Indo-Pak tension across LoC
23-May-2017 (16:41)
Market logs modest gains
22-May-2017 (16:32)
Market settles on a flat note
19-May-2017 (16:45)
Nifty hits almost one-week closing low
18-May-2017 (16:36)
Market gains for third straight day
17-May-2017 (16:42)
Indices gain for second straight day
16-May-2017 (16:38)
Indices scale record closing high
15-May-2017 (16:43)
Market settles with small losses
12-May-2017 (16:26)
Indices gain for fourth straight day
11-May-2017 (16:37)
Market settles at all-time high
10-May-2017 (16:11)
Flat closing on the bourses
09-May-2017 (16:46)
Sensex, Nifty settle with small gains
08-May-2017 (16:19)
Key indices settle in red
05-May-2017 (16:13)
Nifty hits record closing high
04-May-2017 (16:47)
Sensex hits more than one-week closing low
03-May-2017 (16:43)
Market snaps two-day losing streak
02-May-2017 (16:55)
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