3:45 p.m.: The markets ended New Year 2017's first session on a weak note, with the Sensex settling 31 points lower at 26,595 and the broader Nifty finishing 6 points down at 8,179.50.
Midcaps and smallcaps outperformed the broader markets. The BSE Mid Cap and Small Cap indices settled with gains of up to 1.2 per cent.
The Nifty metal and auto indices - which led a mild recovery earlier in the session - finished with gains of 2 per cent. Maharashtra Seamless, Tata Steel, NMDC and Tata Sponge Iron ended the day with gains between 2.5 per cent and 9 per cent. Among the auto stocks, M&M, Eicher Motors, Tata Motors and Maruti Suzuki India settled with up to 3.8 per cent gains.
Realty stocks settled with gains of over 4 per cent, with DLF, Godrej Properties, Indiabulls Real Estate and Unitech ending with gains up to 6.7 per cent.
Meanwhile, the NSE volatility index finished Monday's session 2.4 per cent higher.
2:17 p.m.: Markets recovered all of day's losses to return to the positive territory. Sensex was up 26.24 points, while the broader Nifty was up 10 points near 8,195. Gains were led by auto, metal and infra sectors - all up between 1.10 per cent and 1.66 per cent.
1.35 p.m.: Market rebounded strongly as auto, metal shares witnessed buying. The Sensex was down 21 points at 26,606 and the Nifty traded 6 points lower at 8,179.75.
The auto and metal sub-indices of NSE were up 1.03 per cent and 1.52 per cent respectively. Tata Steel was the top gainer in Nifty, up 3.32 per cent at Rs 404.25 followed by Eicher Motors and Ultratech Cement.
12.49 p.m.: Markets continue to remain under pressure. The Sensex was down 129 points at 26,497 and the Nifty was at 8,150.35, down 35.45 points.
12.20 p.m.: Eicher Motors shares surged as much as 4.8 per cent to an intraday high of Rs. 22,848 on Monday after the company reported 42 per cent jump in Royal Enfield sales for the month of December, 2016. (Read)
11.45 a.m.: Sensex was off day's low, down 107 points at 26,519, while the Nifty50 index traded 29.40 points lower at 8,156.4.
11.30 a.m.: Shares of real estate companies focus on low cost housing and housing finance companies with lower ticket size witnessed buying today after Prime Minister Narendra Modi announced new schemes to boost the housing sector. (Read story here)
HDFC was the top loser in Nifty, down 3.45 per cent followed by Bank of Baroda, State Bank of India, ICICI Bank, which fell between 2-3.2 per cent each. Meanwhile, Eicher Motors was the top gainer in Nifty, up 3 per cent after it reported 42 per cent jump in Royal Enfield sales for the month of December.
9:31 am: Markets edge lower: Sensex down over 100 points, Nifty below 8,150
9:24 am: Sensex and Nifty edged lower after opening in the green. Sensex was down around 60 points while Nifty hovered near 8,165. Banking stocks were lower with many banks slashing their benchmark lending rates.
8:45 am: Indian equity markets are set to open flat on Monday in the absence of sufficient global cues as most of the Asian markets are shut today. Nifty futures on Singapore Exchange were down 9 points at 8,175 as of 8.15 a.m..
Back home, shares of banking and housing finance companies will be in focus today after many public sector banks including country's biggest lender State Bank of India slashed benchmark lending rates by up to 90 basis points. Shares of housing finance companies like Repco Home, Gruh Finance, GIC Housing Finance, LIC Housing Finance and Indiabulls Housing Finance will also be in focus after Prime Minister Naredra Modi in his address on New Year's eve announced interest rate rebate up to 4 per cent on heme loans up to Rs 12 lakh.
Meanwhile, shares of real estate companies focused on affordable housing like, Kolte Patil, Ansal API, Purvankara Projects etc. will also be in focus as the incentives announced by PM Modi is likely to give a big boost to the affordable housing sector, analysts say.
On Friday, Nifty closed 1 per cent higher at to settle at 8,185, registering a gain of 3 per cent for 2016. Analysts expect markets to stabilise after a pull-back in last few trading sessions.
So far as foreign flows are concerned, FIIs continued to be net sellers of Indian shares, which is likely to keep sentiments weak.On Friday, foreign institutional investors sold cash shares worth Rs 586 crore. However, domestic investors were net buyers to the tune of Rs 725 crore.
