MARKETS ON FRIDAY: Indices end flat, Nifty holds 10,550; TCS gains 7%

Markets ended flat on Friday with losses in financials and metals overshadowing gains in information technology stock

3:39 PM

Nifty IT index surged 4.80% on Friday. Top gainers:

COMPANY	LATEST	PREV CLOSE	GAIN()	GAIN(%)
MINDTREE	987.95	897.60	90.35	10.07
TCS	3414.00	3191.15	222.85	6.98
TECH MAHINDRA	696.10	665.20	30.90	4.65
INFOSYS	1179.65	1132.85	46.80	4.13
HCL TECHNOLOGIES	1057.00	1018.55	38.45	3.77

3:35 PM

Sectoral Trend

3:34 PM

BSE Sensex: Gainers and losers

3:31 PM

Market at close

 

The S&P BSE Sensex ended at 34,416, down 12 points while the broader Nifty50 index settled at 10,564, down 1 points.

3:17 PM

Analysis: Asian oil demand to hit record, but industry can't take eyes off Middle East

Asian oil demand will hit a record in April just as global crude values are lifted to levels not seen in three years by Middle East supply risks and top exporter Saudi Arabia withholding output and noisily pushing for prices at $80 to $100 per barrel.

 

Most analysts have pointed to escalating Middle East conflicts, a crisis in Venezuela, and the supply cuts of Saudi Arabia and other producers as the main drivers taking global benchmark Brent and U.S. West Texas Intermediate crude futures this week to their highest since late 2014 at almost $75 and $70 a barrel, respectively. READ MORE

3:00 PM

Ashok Leyland expects 20% growth in bus business this year

Commercial Vehicle major Ashok Leyland is expecting a 20 per cent growth in its bus business, as the segment is picking up growth from a slow pace last year. In the previous year, the industry and the company had seen a decline of around 23 per cent owing to various reasons including confusion among customers regarding the delayed Bus Body Code. However, the company managed to increase its market share by 0.3 per cent. READ MORE

2:45 PM

Global Check

European markets were lower, as investors monitored a fresh batch of corporate earnings and economic data.

 

In Asia, equities were dragged lower after the world's largest chipmaker delivered a disappointing forecast late Thursday. Taiwan Semiconductor Manufacturing slashed its revenue target to the lower end of forecast, citing weaker-than-expected demand for smartphones. MSCI's broadest index of Asia-Pacific shares, excluding Japan, was off almost 1 percent on Friday.

2:30 PM

Buzzing Stock

Prakash Constrowell share price rallied 10% after the company has been declared L-1 bidder by the MCGM (Municipal Corporation of Greater Mumbai) for the new project Dumpsite Reclamation at Mulund Dumping Ground (MDG) in Mumbai by adopting suitable technology for existing garbage dump.

2:16 PM

JB Chemicals slips on receiving closure order for Daman plant

 

J B Chemicals & Pharmaceuticals fell 2.33% to Rs 312.65 on BSE after the company said it received an order from Pollution Control Committee, Daman for closure of its formulation manufacturing facility at Daman.

2:00 PM

Market Check

 

S&P BSE Sensex	34,381.72		-0.13%
Nifty 50	10,551.10		-0.13%
S&P BSE 200	4,638.44		-0.27%
Nifty 500	9,334.10		-0.24%
S&P BSE Mid-Cap	16,770.44		-0.61%
S&P BSE Small-Cap	18,145.78		-0.16%