Live Sensex and Nifty coverage: Sensex ends higher on Gujarat exit

Live Sensex and Nifty coverage: Sensex ends higher on Gujarat exit polls boost

Last Updated: Fri, Dec 15, 2017 17:19 hrs
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Sify Editor @ 4:30 PM
Sensex ends higher on Gujarat exit polls boost

Indian shares ended higher on Friday, led by banks, as early surveys forecast a victory for Prime Minister Narendra Modi's Bharatiya Janata Party in the key Gujarat state elections.



The benchmark BSE Sensex closed up 0.65 percent at 33,462.97, while the broader NSE Nifty ended 0.79 percent higher at 10,333.25. Both the indexes rose over 0.6 percent in their second straight weekly gains.

The rupee strengthened to 64.15 versus the dollar from 64.34 on Thursday, while the benchmark 10-year bond yield eased to 7.12 percent

Sify Editor @ 2:00 PM
Sensex, Nifty50 surge almost 1%; exit polls uplift sentiments

Cheering the Gujarat exit polls, the key Indian equity indices extended gains for the second consecutive session and traded on a higher note on Friday.

On the BSE market breadth, healthy buying was observed in all the sub-indices during the mid-afternoon session, with the upward rally given a boost by index heavyweights like Mahindra and Mahindra, Bajaj Auto, HDFC Bank, Adani Ports, and Larsen and Toubro among others.

Around 12.45 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded higher by 102.40 points or 1 per cent at 10,354.50 points.

The Sensex of the BSE, which opened at 33,456.02 points, traded at 33,556.09 points -- up 309.39 points or 0.93 per cent -- from its previous close.

The Sensex touched a high of 33,621.96 points and a low of 33,456.02 points during the intra-day trade so far.

However, the BSE market breadth was bearish 1,572 declines and 1,049 advances.

"Dalal Street cheers with exit polls results as BJP is very likely to sweep and continue winning in Gujarat, and wrest a win from Congress and form government in Himachal Pradesh, too," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

On Thursday, short covering, along with positive hopes of the ruling BJP's win in the crucial two-phased Gujarat assembly elections, erased the day's entire losses and lifted the indices to close in the green.

Sify Editor @ 1:15 PM
Shalby recovers after dull start, but stays sluggish

After a dull start and a swift upmove on debut, shares of Shalby Limited are hovering around the IPO price this afternoon.

The IPO from the company, which was widely recommended by brokerages and analysts, got off to a dull start earlier this month but eventually got oversubscribed by about 4.3 times.

The morning, the stock opened at Rs 237 on BSE and swiftly rose to Rs 254.65, but has been struggling to make significant headway since then. On the National Stock Exchange, the stock is currently traded around Rs 248, its issue price. Earlier, after declining to a low of Rs 238.80, it had advanced to Rs 254.80.

On BSE, the Shalby counter has clocked a volume of about 1.34 million shares so far in the session. On NSE, the counter has recorded a volume of nearly 7.52 million shares so far.

The IPO of Shalby Limited, that had a price band of Rs 245 - 248, was subscribed 2.82 times. The qualified institutional investors category was subscribed 4.34 times and the non-institutional investors portion was subscribed 0.42 times, while retail investors category was subscribed 2.98 times.

Prior to the issue, the company had allocated 60.70 lakh shares to 13 anchor investors. The allocation was made at Rs 248 per share.

Shalby reported consolidated net profit of Rs 14.39 crore in the first quarter ended June 2017. The company posted total income of Rs 90.69 crore in the quarter.

As at the end of the quarter ended June 2017, Shalby's total debt was about Rs 310 crore, at a debt equity ratio of 1.1. The company had said that it will be debt-free post the IPO as a significant portion of the funds raised will be utilised to clear the debt.

Sify Editor @ 10:05 AM
Bonds, rupee gain after Gujarat exit poll results

The rupee strengthened while bond yields inched lower on Friday morning after exit polls showed the country's ruling alliance would win elections in the prime minister's home state but caution remained ahead of the actual results.

The benchmark 10-year bond yield was down 1 basis point at 7.12 percent by 0357 GMT, while the partially convertible rupee was at 64.15 per dollar, compared with its previous close of 64.34.

Indian Prime Minister Narendra Modi's ruling group will sweep an election in his home state of Gujarat, surveys showed on Thursday, shaking off the most serious challenge yet from a combined opposition.

Sify Editor @ 9:25 AM
The Sensex open on a cheery note

Extending previous session's gains, key Indian equity indices on Friday opened on a higher note with healthy buying in banking, consumer durables and capital goods stocks.

Around 9.17 a.m., the wider Nifty50 of the National Stock Exchange (NSE) traded higher by 93.90 points or 0.92 per cent at 10,346 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,456.02 points, traded at 33,540.24 points -- up 293.54 points or 0.88 per cent -- from its previous close.

The Sensex touched a high of 33,605.11 points and a low of 33,456.02 points during the intra-day trade so far.

However, the BSE market breadth was bearish -- 1,572 declines and 1,049 advances.

On Thursday, short covering, along with positive hopes of the ruling BJP's win in the crucial two-phased Gujarat assembly elections, erased the day's entire losses and lifted the indices to close in the green.

The NSE Nifty50 edged higher by 59.15 points or 0.58 per cent to close at 10,252.10 points, while the BSE Sensex closed at 33,246.70 points up 193.66 points or 0.59 per cent.


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