Sensex falls over 100 points

1.57 pm: Sensex down 107.76 points at 25,760.73. NSE Nifty was trading 26.85 points down at 7,829.70. BSE Metal index was down 1.33 per cent. European shares opened lower on Monday, dragged down by a steep fall in commodities and energy stocks on demand fears. The pan-European FTSEurofirst 300 was down 0.8 per cent, after ending at three-month highs on Friday, while the Euro STOXX 50 index was 0.7 per cent lower.

1.21 pm: Shares of RPP Infra were trading were trading 3.21 per cent up at Rs 112.60. The scrip jumped after the company informed BSE that it has bagged an order of Rs 25.6 crore from the National Highway Authority of India.

1.16 pm: The BSE Midcap index and Smallcap index were up 0.39 per cent and 0.51 per cent at 10,901 and 11,425.

1.03 pm: Watch maker Titan Co and global information technology major HP on Monday joined hands to offer a range of smart watches to be launched soon. The share price of Titan was trading 1.29 per cent up at Rs 376.35. Sensex was down 39 points at 25,829, while Nifty was down 6.25 points at 7,850.

12.36 pm: Sensex was up 7 points at 25,875. Kotak Mahindra Bank shares gained after its arm received IRDAI approval to commence insurance business. Shares of Kotak Mahindra Bank were up 0.69 per cent at Rs 685.70.

12.01 pm: Shares of Advanta jumped over 2 per cent after the comany said it has received its board approval for the proposal of the amalgamation of the company with UPL. Sensex was up 10 points at 25,879.

11.34 am: Sensex was up 30 points at 25,898. Nifty was up 11.50 points at 7,868. Britannia shares were trading 0.75 per cent up as the FMCG major is aiming at
Rs 20,000 crore turnover within 5-6 years.

11.04 am: The Board of Directors of UPL Ltd and Adanta on Monday approved Advanta’s merger with UPL, subject to necessary approvals. UPL shares were trading 1.79 per cent down at Rs 449.80. Sensex was up 21 points at 25,890.

10.51 am: Shares of Strides Arcolab were trading 2 per cent up at Rs 1,391. The company on November 21 informed BSE that Strides Shasun has received approval from the US health regulator to market Dutasteride capsules, used in treating enlarged prostate gland, in the American market. According to IMS sales data, the US market for Dutasteride capsules is around USD 470 million.

On November 19, in a filing to the bourses, Strides Arcolab had said that the name of the company has changed to Strides Shasun.

10.29 am: Sensex was down 17.89 points at 25,850.60. Sectorwise, the BSE Metal index and BSE FMCG index were down 0.96 per cent and 0.66 per cent. The BSE Realty index was up 1.11 per cent.

9.55 am: The rupee depreciated by 11 paise to 66.30 against the US dollar in early trade on Monday due to appreciation in the US currency overseas. Sensex was down 23.49 points at 25845, while Nifty was up 3.90 points at 7,860.

9.32 am: Metals and mining major Vedanta and Aditya Birla group flagship firm Hindalco Industries will shift out of the BSE benchmark Sensex from December 21. The share price of Vedanta and Hindalco were down 1.93 per cent and 2.13 per cent at Rs 91.35 and Rs 75.65.

These stocks would be replaced by Adani Ports and Special Economic Zone and Asian Paints.

9.16 am: Sensex was up 11.18 points at 25,879. Nifty was up 1.60 points at 7,858. In the 50-share index, Adani Ports, Asian Paints and Bajaj Auto were up 1.82 per cent, 1.27 per cent and 1.02 per cent, respectively.

9.15 am: Domestic equity markets opened on a positive note on Monday taking cues from global markets. Sensex opened 76.65 points up at 25,945.14. Nifty opened 12.95 points up at 7,869.50.

Asian stocks pointed higher on Monday’s morning after the US shares had their best week this year and investors shook off concerns about terror attacks in Paris and Mali. While Japan, the biggest market in the region, is closed for a holiday, Hong Kong futures were up about 0.3 per cent, and Hong Kong, China and Korea futures are also higher.

Brokers said widening of positions by investors tracking gains at other Asian bourses amid growing confidence about the US Fed raising interest rates next month coupled with weekend gains in US markets bolstered trading sentiment.

As per provisional figures, foreign institutional investors (FIIs)/ Foreign Portfolio Investors (FPIs) sold shares worth net Rs 94.09 crore on 20th November 2015. Domestic institutional investors bought shares worth Rs 610.16 crore on that day.

The Dow had ended Friday up 0.51 per cent, while the S&P 500 added 0.38 per cent and the Nasdaq 0.62 per cent.

The S&P 500 boasted its best week in almost a year, while Europe’s main stock index enjoyed its strongest week in a month.

Back home, the 30-share Sensex on Friday was in the grip of profit booking initially, but recovered on the back of across-the-board buying in blue-chips and closed higher by 26.57 points, or 0.10 per cent, at 25,868.49. The broader Nifty on Friday ended at 7,856.55, up 13.80 points, or 0.18 per cent, after trading between 7,817.80 and 7,906.95 intra-day.

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