10.27 am: Sensex was down 144 points at 22807.85. Nifty was down 53.15 points at 6923. Adani Power is planning to make an investment totaling Rs 18,400 crore for setting up of 1,600 MW thermal power projects and 1,000 MW solar project in Karnataka. The company’s subsidiary ‘Udupi Power Corporation’ has entered into Memorandum of Understanding (MoU) with Government of Karnataka to set up 2×800 MW Coal based Supercritical Power plant in Karnataka with an investment of Rs 11,400 crore, while Adani Green Energy, a subsidiary of the company has signed Expression of Interest to set up 1,000 MW Solar Power plant in Karnataka with an investment of Rs 7,000 crore. Shares of Adani Power were trading 3.52 per cent down at Rs 23.30.
10.13 am: TeamLease Services shares which listed on bourses on Friday were trading nearly 10 per cent up at Rs 945.80 on the BSE. The scrip listed at Rs 860. Sensex was down 82 points at 22,869.69. Nifty was down 27.40 points at 6,948.
9.59 am: Sensex was up 5.73 points at 22,957. Nifty was down 1.70 points at 6974.65. The rupee weakened by 7 paise to quote at an over 29-month low of 68.37 against the dollar in early trade at the Interbank Foreign Exchange market today on sustained demand for the American currency from importers and banks.
9.35 am: ONGC shares were trading 4.04 per cent down at Rs 194.60 after it on Thursday reported its lowest quarterly profit in more than 15 years as it took one-time impairment charge on reserves due to slump in oil prices. Sensex was trading 107.97 points up at 23,059.80. Nifty50 was tarding 24.90 points up at 7,001.25.
9.30 am: Sensex was up 65 points at 23,016. Nifty was up 16.85 points at 6,993. Wockhardt shares were trading 9.68 per cent down at Rs 790.65. The company reported 82.44 per cent year-on-year decline in its consolidated net profit figures for the quarter ended December 2015.
9.24 am: Benchmark indices pared their initial gains tracking weak global markets. Sensex was down 44.40 points at 22907. Nifty was trading 19.05 points down at 6,957.
9.18 am: State-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) on Thursday reported standalone net loss of Rs 1,101.99 crore for the quarter ended December 31, 2015 due to higher expenses and lower revenues. The company had reported a net profit of Rs 212.60 crore in the year-ago period. Shares of BHEL were trading 7.89 per cent down at Rs 110.85.
9.16 am: Sensex was up 120 points at 23,072. Nifty was up 47.30 points at 7,023.65. Shares of Axis Bank were trading 3.83 per cent up at Rs 391.95.
9.15 am: Sensex opened 108.56 points up at 23060.39, while Nifty 50 opened 47.30 points up at 7,023.65.
9.10 am: Mahindra & Mahindra, IFCI, HPCL, BPCL, Sun Pharmaceuticals, MRPL, Mcnally Bharat Engineering, Oil India, Indian Oil Corporation, Sun TV Network, NMDC, Andhra Bank, Gammon India, Apollo Hospitals Enterprise, Alkem Laboratories, Monnet Ispat and Energy, Rolta India, Adani Ports & SEZ, Max India, Bhushan Steel, IDBI Bank and Canara Bank to announce their results today.
8.46 am: The BSE Sensex and NSE Nifty are likely to open in green on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and recovery in crude oil prices. However, weak global cues may affect the market sentiments today.
At 8.33 am (IST), SGX Nifty was up 101.50 points, or 1.45 per cent, at 7,019.50.
Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China and other emerging markets. Nikkei was down over 5 per cent in the morning trade.
On Wall street, the US benchmark S&P 500 fell 1.23 per cent to 1,829.08, its lowest close in almost two years and down 10.5 per cent for the year.
Crude oil prices jumped almost 6 per cent on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. International Brent crude benchmarks were trading at $31.80 per barrel at 0139 GMT, up 5.8 per cent, or $1.74, from their last settlement.
Back home, In a bloody carnage on Dalal Street, market benchmark Sensex plunged by 807.07 points on Thursday to settle below 23,000-level after 21 months as fears of a global slowdown and disappointing quarterly numbers combined to batter investor sentiment.
The 50-share NSE Nifty broke 7,000-mark after plunging 239.35 points or 3.32 per cent to 6,976.35.
Shares of Wockhardt and Wipro will remain in focus on Friday. Pharmaceuticals major Wockhardt
Ltd on Thursday reported an 82.44 per cent decline in consolidated net profit at Rs 60.97 crore for the third quarter ended December 31, 2015. It had posted a net profit of Rs 347.25 crore in the October-December quarter of 2014-15.
Wipro on Thursday said it will acquire HealthPlan Services for $460 million (about Rs 3,150
crore), a move that will help the country’s third-largest software services firm strengthen its position in the US health insurance market.
(With agency inputs)