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MARKET WRAP: Sensex up 147 pts, Nifty holds 12,250; Infy gains nearly 1.5%

All that happened in the markets today

SI Reporter New Delhi
markets
markets

2 min read Last Updated : Jan 10 2020 | 4:00 PM IST

4:00 PM

Market Closing Comment :: Sanjeev Zarbade, VP PCG Research, Kotak Securities

The major development during the week was the spike in geopolitical tensions between the US and Iran, prompting the markets to nosedive in the first half of the week. However, as the tension between the two warring nations subsided over the next few days, the Sensex rebounded sharply thereafter from initial slump. Further, crude prices too cooled off after rising to as high as USD 70 per barrel. ONGC, Hero Motocorp and Bajaj Finance were among the top losers in the BSE-30 Index, while Ultratech Cement, TCS and HCL Technologies bucked the trend and emerged top gainers. On the economy front, the NSO expects FY2020 real GDP growth to decelerate to 5% from 6.8% in FY2019. FPIs bought equities worth US$105 million over the past five trading sessions while DIIs sold US$26 million worth of shares in the same period.

3:43 PM

Nifty snapshot at close

3:43 PM

Sensex heatmap at close

3:36 PM

MARKET AT CLOSE

The S&P BSE Sensex ended 152 points or 0.37 per cent higher at 41,604.66 while NSE's Nifty ended at 12,256.50, up 41 points or 0.33 per cent. 

3:29 PM

Tata Motors hits 8-month high post JLR December retail sales numbers

Shares of Tata Motors hit an eight-month high of Rs 199, up 3 per cent on the BSE on Friday after its UK arm Jaguar Land Rover (JLR) reported retail sales of 52,814 vehicles for December 2019, up 1.3 per cent from the previous year. The stock of Tata Group commercial vehicles major was trading at its highest level since May 7, 2019. READ MORE

3:19 PM

NEWS ALERT | ED Mumbai summoned Rashesh Shah yesterday, he couldn't turn up: ED sources to CNBC TV18

>> ED has summoed Shah in Rs 2,000 cr forex case

>> ED will give fresh date to Shah

3:17 PM

MARKET CHECK

3:07 PM

NEWS ALERT | Reports of ED summons to Rashesh Shah are completely 'false & baseless': Edel Fin sources to CNBC TV18

3:00 PM

Dec Auto Sales | JLR global retail sales for the month, up 1.3% at 52,814 units YoY: Tata Motors

2:51 PM

NEWS ALERT | Edelweiss Financial slides 10% on reports of summons by the Enforcement Directorate

2:44 PM

NEWS ALERT | Zuari Agro Chemicals’ ammonia & urea plants in Goa resume production

2:43 PM

NEWS ALERT | 0.9% equity of Pidilite Industries changes hands

2:36 PM

Passenger vehicle sales dip 1.24% YoY in December; car sales down 8.4%

Domestic passenger vehicle sales declined 1.24 per cent to 2,35,786 units in December from 2,38,753 units in the year-ago period. Domestic car sales were down 8.4 per cent to 1,42,126 units as against 1,55,159 units in December 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM). READ MORE

2:19 PM

Global Markets check

World shares hit a record high on Friday as relief over the de-escalation of US-Iranian tensions prompted investors to bet on faster global growth, especially in the technology sector.

MSCI’s broadest gauge of the world’s stocks in 49 countries rose modestly to hit an all-time high and its index of Asia-Pacific shares outside Japan gained 0.44 per cent to its best levels since June 2018.
 
Japan’s Nikkei rose 0.44 per cent while Chinese shares slid a little but stood not far from their eight-month peaks.
 
European shares look set to gain, with pan-European Euro Stoxx 50 futures trading up 0.29 per cent, German DAX futures up 0.26 per cent and FTSE futures up 0.42 per cent.
 
That followed record-setting in the pan-regional STOXX 600 index in Europe and the three major stock indexes on Wall Street on Thursday.

2:10 PM

NEWS ALERT | 1.8 million vehicles produced in Dec, down 5.22% YoY: SIAM

>> A total of 1,816,112 vehicles, including Passenger, Commercial, Three-wheelers, Two-wheelers & Quadricycle were produced in December'19 as against 1,916,213 in December'18

>> Total exports of Commercial Vehicles dipped by 26.81% YoY

>> Total exports of Passenger Vehicles, Three-wheelers and Two-wheelers grew by 9.90%, 5.34% and 9.91% YoY respectively, in December'19

Topics :MARKET WRAPMarkets

First Published: Jan 10 2020 | 7:43 AM IST