Nifty settles August F&O series above 9,900; Wipro top gainer

All that happened in Thursday's trade

3:55 PM

Anand James, Chief Market Strategist, Geojit Financial Services  

 

A tinge of caution held investors back ahead of F&O expiry, but expectations of better GDP numbers kept market buoyant especially as last quarter numbers were  trampled down by the demonetisation impact. Short covering was also quite visible swinging indices, especially after Wednesday’s rollovers came in at six months low.

3:46 PM

Sensex heatmap at close

Source: BSE

3:40 PM

Market breadth 

The breadth, indicating the overall health of the market, was positive. On the BSE, 1,510 shares rose and 1,062 shares fell. A total of 136 shares were unchanged.

3:39 PM

Broader markets

The BSE Midcap index added 0.2%, while the BSE Smallcap index outperformed to rise 0.8%. 

3:35 PM

Markets at close

The Sensex ended at 31,730, up 84 points, while the broader Nifty50 settled at 9,917, up 33 points. Both the indices lost over 2% for the month.  

3:28 PM

Volatility index

India VIX slips 7% to 11.94

Source: NSE

3:24 PM

Earnings impact 

Ajmera Realty & Infra India spurted over 9% to Rs 213.35 on BSE after the company's consolidated net profit rose 107.96% to Rs 14.10 crore for the June quarter on 101.70% increase in total income from operations to Rs 90.36 crore.

3:14 PM

Nifty reclaims 9,900 in last leg of trade 

 

Here are top five gainers:  

Source: NSE

3:06 PM

Asian markets update

Asian markets settled mixed. Japan’s Nikkei closed up 0.7%, its best level in two weeks, helped by a pullback in the yen. MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.1% on the day but was a modest 0.3% firmer for the month. China's Shanghai Composite ended little changed and Hong Kong's Hang Seng shed 0.4%. 

3:06 PM

European markets 

 

Europe’s shares extended their relief bounce on Thursday but were unlikely to avoid a third straight month of losses as they entered the last trading day of an unusually turbulent August, and a profit warning from Carrefour sank the retail sector.

 

the Eurostoxx 600 up 0.3% and London’s FTSE, Germany’s DAX and France’s CAC40 gained between 0.25% and 0.4%.

3:01 PM

Markets check

At 3:00 am, the Sensex was trading at 31,678, up 32 points, while the broader Nifty50 was ruling at 9,901, up 17 points. 

2:41 PM

Demonetization dents RBI's finances: Kotak Economics Research 

 

RBI’s balance sheet showed negligible direct gains from demonetisation given that 99% of the banned notes have been returned to it. RBI’s earnings were negatively affected from rupee appreciation and domestic liquidity mop-up. Expenditure side increased due to higher printing and freight charges for notes and higher provisions for the contingency fund. The report highlighted that FY17 financial savings improved on the back of higher allocations to deposits, shares and debentures, and insurance funds.

2:26 PM

Nifty Auto sees mild gains a day after Cabinet approved cess hike on large cars

Source: NSE

2:07 PM

Bombay Dyeing zooms 49% in six sessions

 

High volumes were witnessed on the counter in today's trade. On the BSE, 25.10 lakh shares exchanged hands so far against the average daily volumes of 15.34 lakh shares in the past two weeks. READ MORE

1:53 PM

Lots of black money back in the system, says Jaitley 

 

A day after the Reserve Bank of India’s annual report stated that 99 per cent of high-value demonetised notes had come back into the system, Finance Minister Arun Jaitley reiterated his note ban defence and said that illegitimate, unaccounted wealth had also found its way back. READ MORE