October 04, 2013 / 16:39 IST
Moneycontrol Bureau
Live Market Commentary
4:00 pm Market closing: The market ended on a quite note after voltile session. The Sensex closed up 13.88 points at 19915.95. The Nifty managed to end above 5700, down 2.40 points at 5907.30.
About 1209 shares have advanced, 1128 shares declined, and 134 shares are unchanged.
Finance ministry may encourage PSU banks to raise additional capital via qualified institutional placements. The ministry has also advanced Rs 14,000 crore capital infusion in PSU banks from the fourth quarter to the third quarter.
The BK Chaturvedi panel is planning to allow private companies with allocated coal blocks to sell surplus coal to other industry players or to Coal India in a swap arrangement. The final recommendations are expected by the October end. Coal India ended 2.5 percent higher on the BSE.
3:45 pm Update: With an aim to make Indian capital markets an easier and attractive investment destination for overseas investors, Sebi has finalised detailed regulations for 'foreign portfolio investors' (FPIs).
The new norms provide an operational framework for FPIs, a new class of overseas investors that club all existing class of investors like Foreign Institutional Investors (FIIs) and Qualified Foreign Investors (QFIs).
According to proposed norms, which would be deliberated by Sebi Board here tomorrow here, FPIs in the lowest risk category would not have to pay any registration fees, sources said.
3:30 pm Buzzer: Shares of Shyam Telecom were locked at 20 percent upper circuit on Friday after Sistema Shyam Teleservices (SSTL), which provides telecom services under MTS brand in India, received unified telecom licence valid for 20 years.
Telecom equipment manufacturer Shyam Telecom is a part of Shyam Group. Shyam Group has 24 percent shareholding in Sistema Shyam Teleservices while Sistema JSFC holds 56.68 percent stake and Russian Federation 17.14 percent stake, as per shareholding data available on MTS website.
Russian conglomerate, Sistema controlled SSTL, today said it has received a unified licence from the Government, which allows the liberal use of telecom technologies for providing the latest services.
Don't miss: Retail investors earn 100% returns on Just Dial in 4 months The market is absolutely flat just before closing for the weekend. The Sensex is up 1.30 points at 19903.37, and the Nifty down 10.10 points at 5899.60.
About 1098 shares have advanced, 1114 shares declined, and 150 shares are unchanged.
Coal India, Hindalco, Tata Motors, Bharti Airtel and M&M are top gainers in the Sensex. Among the losers are Dr Reddy's Labs, L&T, NTPC and ICICI Bank.
Shares of Sobha Developer surged 12 percent as the real estate developer sold 1 million square feet of new spaces that are valued at Rs 632 crore. Average price realisation is at Rs 6304 per square feet. TVS Motor, Arvind, Prestige Estate and Jubilant Life surged 6-10 percent whereas Era Infra Engineering, Den Networks, Infotech Enterprises, Dewan Housing and Coromandel International lost 3-5 percent.
In the smallcap space, Tribhovandas and Cinemax India are locked at 20 percent upper circuit. BEML and Ganesh Housing jumped 11-16 percent. However, Piramal Glass, Setco Auto, Plethico Pharma and Hanung Toys slipped 5 percent.
