Mumbai: The benchmark BSE Sensex gained over 150 points in early trade on Tuesday as investors widened their positions ahead of quarterly earnings from some bluechip companies amid positive Asian cues. Moreover, continuous buying by domestic financial institutions also supported trading sentiment. Brokers said fresh spell of buying by investors ahead of quarterly earnings from Infosys and a few other bluechip companies later in the day and a firming trend at other Asian bourses buoyed trading sentiment here.
Majog gainers were ONGC, NTPC, Tata Steel and Hindustan Unilever. Domestic institutional investors bought shares worth Rs307.84 crore in Monday’s trade, as per provisional data issued by the stock exchanges. Among other Asian markets, Hong Kong’s Hang Seng was up 0.12% and Nikkei gained 0.17%, while Shanghai Composite Index gained 0.09% in early trade. The US Dow Jones shed 0.23% on Monday. Here are the latest updates
■ 11.43am: Aviation stocks gains. Jet Airways India Ltd rose 5%, SpiceJet Ltd 3%, InterGlobe Aviation ltd rose 2%.
■ 11.30am: BSE Sensex rose 90.59 points, or 0.28%, to 32,597.31, while the Nifty 50 gained 31.35 points, or 0.31%, to 10,216.20.
■ 11.28am: Shares of Premier Explosives Ltd rose as much as 11% to Rs484 after the company said it has received approval for the drawings of manufacturing factory at Katepally village. The company would manufacture HMX, ammunition, solid propellants and warheads at this Greenfield project which is located about 80 km from Hyderabad.
■ 10.53am: Ramco Systems shares rose 11.95% to Rs417 after the company said it has won has won a multi-million dollar payroll transformation order from one of the FTSE 100 constituents and British multinational banking and financial services company.
■ 10.38am: BSE Sensex rose 121.49 points, or 0.37%, to 32,628.21, while the Nifty 50 gained 43.35 points, or 0.43%, to 10,228.20.
■ 10.30am: Metal stocks gains. Jindal Steel & Power Ltd rose 3%, National Aluminum Co Ltd 2.8%, Steel Authority Of India 2.4%, Tata Steel Ltd 2.3%, Vedanta Ltd 2.3%, JSW Steel Ltd 2%, NMDC 1%.
■ 10.25am: Banking stocks gains. Syndicate Bank rose 4.2%, Andhra Bank 3%, Indian Overseas Bank 2.5%, Yes Bank 2.4%, Central Bank Of India 2.1%, Uco Bank 2.1%, Allahabad Bank 2%, Bank of Baroda 1.9%, Karnataka Bank 1.7%, Bank of India 1.6%, Punjab National Bank 1.6%, Indian Bank 1.5%, Union Bank of India 1.3%, Axis Bank 1.2%.
■ 10.20am: BSE Sensex rose 140.17 points, or 0.43%, to 32,646.89, while the Nifty 50 gained 49.30 points, or 0.48%, to 10,234.15.
■ 10.17am: Mahindra and Mahindra Ltd said it has set a price band of Rs425-429 per share for the initial public offering (IPO) of its logistic unit Mahindra Logistics Ltd.
■ 10.15am: ABB (up 0.98%), Ambuja Cement (up 1.58%), Asian Paints (0.95%), Infosys (up 0.41%) and HDFC Bank (0.50%) are among the companies that will be announcing their September quarter earnings on Tuesday.
■ 9.25am: BSE Sensex opened higher by 54.57 points, or 0.17%, to 32,561.29, while the Nifty 50 gained 16.55 points, or 0.16%, to 10,201.40.
■ 9.23am: Havells India Ltd fell 2.7% to Rs527.30. The company reported a net profit of Rs171.02 crore for the quarter ended September against Rs145.79 crore a year ago. Net sales during the quarter stood at Rs1,777.36 crore against Rs1,559.33 crore in the year-ago period.
■ 9.20am: HDFC Bank Ltd rose 0.3% to Rs1,868.75 ahead of its September quarter earnings. According to 21 Bloomberg analyst estimates, the bank may report a net profit of Rs4,171.40 crore.
■ 9.17am: Infosys Ltd fell 0.2% to Rs938.50 ahead of its September quarter earnings. According to 25 Bloomberg analyst estimates, the company may post a net profit of Rs3,530.20 crore on revenue of Rs17,644.10 crore
■ 9.15am: The rupee opened at 64.97 a dollar. At 9.15am, the home currency was trading at 64.92 against the dollar, up 0.14% from its Monday’s close of 65.02.
■ 9.13am: The 10-year bond yield was at 6.791% compared to its previous close of 6.796%. Bond yields and prices move in opposite directions.
■ 9.10am: Asian currencies were trading higher as the market awaits European Central Bank policy review and a decision by US President Donald Trump on the next head of the Federal Reserve. South Korean won was up 0.21%, China renminbi 0.16%, Singapore dollar 0.15%, Indonesian rupiah 0.13%, China offshore 0.10%, Japanese yen 0.09%, Malaysian ringgit 0.08%, Taiwan dollar 0.07%, Thai baht 0.07%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 93.705, down 0.24% from its previous close of 93.936.
With inputs from PTI