According to latest reports, around 8500 employees in the Income Tax department have gone on a strike to draw attention to their pending demands. Income tax officers, assistant commissioners and administrative officers have joined ranks and announced a nationwide strike and no member of association would participate in any search, survey or recovery action from February 20.
At 12:00am (IST), the BSE Sensex was trading at 19610, up 30 points over the previous close. It had earlier touched a day's high of 19648 and a day's low of 19568. It opened at 19577.
The NSE Nifty was quoting at 5,942 up 3 points over the previous close. It earlier touched a days high of 5,953 and a days low of 5929. It opened at 5,929.
The BSE Small-Cap index and BSE Mid- Cap index was trading down by 0.2% and 0.1%.
TCS, Wipro, BHEL, Tata Motors, Bharti Airtel, L&T, SBI, NTPC, Bajaj Auto, HDFC Bank are among gainers in Sensex and Nifty.
RIL, Infosys, Coal India, NTPC, ONGC, Cipla, ICICI Bank, ITC, Bharti Airtel, Dr Reddys Lab, HUL Wipro, are among losers in Sensex and Nifty.
IT, TECk, Capital Goods, Consumer Durables, Auto, Power, Realty and Bankex are the gainers.
While Metal, Oil and gas, Healthcare, PSU, FMCG indices are the losers.
Ambuja Cements stock at days low before December quarter results. Ambuja cement Ltd. is down for a second day in a row today ahead of December quarter earnings report. The share is down by 4% in the morning session trade today. The stock is currently trading at Rs192, down by 8.10. The stock hit a high of Rs196 and a low of Rs192 today. Total traded quantity on the counter stood at over 1 lakh shares.
Indiabulls Financial Services tanked 5.3% on Friday after the brokerage launched a share sale for institutional investors to raise upto Rs.4.48bn. India bulls will sell shares in a price range of Rs.283.50 to Rs. 298.50, on a 5% discount to its Thursday close, reports said. The stock is currently trading at Rs281.90, down by Rs15.90. The stock hit a high of Rs.294.70 and a low of Rs.277 today. Total traded quantity on the counter stood at over 1.73 crore or 17.3mn shares.
Results watch: Aanjaneya Lifecare, Aarvee Denims, Advani Hotels, Ahlcon Par, Amrapali Inds, Amulya Leas, Anuh Pharma, Ashok Alcochem, Aurionpro Sol, Bagalkot Udyog, Balmer Lawr, Banco Products, BEML, BGR Energy, Bharat Forge, Cadila Health, Canara Bank, Circuit Sys, BPL, Concurrent India, COX KINGS, DCM Fin Serv, Delton Cables, Eastern Silk, Entegra, Emami, EURO MULTI, Girish Hotel, GMR Infra, Gujarat Apol, GTN Inds, Gujarat Them, Harrisons Maly,Hindalco Inds, Hinduja Vent, IMC Finance, Indag Rubber, India Steel, JMT Auto, Jyothi Infraventures, Kanoria Chem, KEW Inds, Kilburn Chem, KMF Builders, M and B Switchgears, Mahindra & Mahindra, Mangalam Timb, Max India, Microse India, Modern Dairies, Moser Baer, NCC, NHC Foods, Orbit Exports, Pan India Corp, Parshwanath Corp, Pratibha Inds, Radico Khaitan, Readymade Steel, Rajlaxmi Inds, Ruby Mills, Safari Inds, Schneider Elec, Saurashtra Cem, Sheetal Diam, SIEL Financial, SRS Real Infra, Stanpacks India, Sterling Strp, Subros, Sundaram Clayton, Supreme Holdings, Suraj Products,Tamil Nadu News, Trident Tools, TPL Plastech, Typhoon Hold, Universal Off, VA Tech Wabag, Vardhman Special, Ventura Tex, Veritas India, Winsome Diamonds, Zenotech Lab, Wyeth, Zodiac Cloth.
Trends in FII flows: The FIIs were net buyers of Rs8.27bn in the cash segment on Thursday, while the domestic institutional investors (DIIs) were net sellers of Rs9.89bn, as per the provisional figures released by the NSE.
The foreign funds were net buyers of Rs14.21bn in the cash segment on Wednesday, according to the SEBI figures.
India Infoline Research Team / 08:59, Sep 02, 2014
The indices are expect to open on a positive note. Some profit booking could always set in later in the day.