Sensex ends flat, Nifty below 9,800; broader markets underperform

All that happened in Tuesday's trade

SI Reporter New Delhi

Source: BSE

10:27 AM

Infosys slips in red

Infosys erased morning gains to fall over 1%, to hit a fesh 52-week low of Rs 862

10:12 AM

Things to know avout Apex Frozen Foods IPO

The company will hit the capital market today to raise up to Rs 152 crore through its initial public offer (IPO). It will close on August 24.

The IPO of up to 87 lakh equity shares of face value of Rs 10 each will be offered through a book-building route at a price band of Rs 171-175 per share. At the upper end, the shares can fetch up to Rs 152.25 crore while at the lower limit, the company will raise at least Rs 148.77 crore.

The issue will comprise of fresh issue of 72.50 lakh shares and an offer for sale of 14.50 lakh shares by promoters.

Click here for more details

Representative Image

10:04 AM

HCL Infosystems

HCL Infosystems surged 17% to Rs 50.50 on BSE in early morning trade after the company on Monday said it will distribute Apple products, including the iconic iPhone, in the Indian market.

“The Distributor Agreement for distribution of iPhone and other Apple Products has been signed with M/s Apple India Private Limited (M/s Apple),” HCL Infosystems said in a statement.

The company had said in July that it was in discussion with the US-based tech giant to distribute its products in India.

Click here for more

9:54 AM

Buzzing stock

Share price of Lupin advanced as much as 3% in intra-day trade after it received an establishment inspection report (EIR) from the US Food and Drug Administration (USFDA) for its Aurangabad facility in Maharashtra indicating closure of inspection.

The facility was inspected by the USFDA in April this year.

9:50 AM

Broader markets

Broader markets erased all gains to slip in red with BSE Midcap little changed while BSE Smallcap fell 0.3%

9:49 AM

Market check

Benchmark indices erased opening gains to turn flat with Nifty50 slipping below the 9,800 levels.

At 9:48, the S&P BSE Sensex was trading at 31,305, up 46 points while the Nifty50 was ruling at 9,764, up 10 points.

9:37 AM

Stock in news

HPCL gained over 3% after ONGC on Monday gave ‘in-principle’ approval to acquire government’s 51.11% stake in the company.

9:34 AM

Infosys gains

Infosys gained over 1% on value buying, snapping its 2-day losing streak. The stock lost over 14% in 2 sessions after the Vishal SIkka resigned as company's CEO and MD on Friday.

9:27 AM

Sectoral Chart

Source: NSE

9:24 AM

All sectoral indices were trading in green in the early morning trade. Metal, pharma and realty indices were the top sectoral gainers

9:23 AM

Top gainers and losers on BSE Sensex

Source: BSE

9:21 AM

Broader Markets

Broader Markets were trading in line with the benchmark indices with BSE Midcap and BSE Smallcap up 0.6% each

9:20 AM

Markets at open

Benchmark indices opened higher with Nifty reclaiming its 9,800-mark tracking gains in Asian markets after Wall Street ended higher in the overnight trade.

At 9:18 am, the S&P BSE Sensex was trading at 31,426, up 167 points while the broader Nifty50 index was ruling at 9,810, up 56 points.

9:11 AM

ONGC board approves HPCL takeover

ONGC and HPCL will be in focus after the board of state-owned ONGC on Monday gave ‘in-principle’ approval to acquire government’s 51.11% stake in HPCL, the company said in a regulatory filing.