MARKET WRAP: Sensex up 175 pts; Tata Motors surges 7%, RIL down over 1.5%

All that happened in the markets today

4:04 PM

Top gainers and losers on S&P BSE Sensex at close

4:04 PM

Sectoral trends at NSE at close

4:02 PM

Closing Bell

-- Benchmarks end near day's high

-- The S&P BSE Sensex surged 374 points from day's low to settle at 40,850.29 level, up 175 points or 0.43 per cent, with Tata Motors (up over 7 per cent) being the top gainer and L&T (down 2 per cent) being the top laggard among the Sensex pack.

-- On the NSE, the Nifty50 was back above the psychological mark of 12,000, and settled 43 points, or 0.36 per cent higher, at 12,037.30-mark.

3:22 PM

Karvy crisis: SAT refuses relief to lenders, asks to approach Sebi by Dec 6

The Securities Appellate Tribunal on Wednesday refused any immediate relief to top lenders who had petitioned against the transfer of securities held with Karvy Stock Broking Ltd back to the clients.

 

ICICI Bank, HDFC Bank and IndusInd Bank had contended that many of these securities have been used to borrow money from them and had asked the tribunal to either get back the securities to them or freeze them in an escrow account. READ MORE

2:59 PM

Stocks that hit 52-week high on BSE500 today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ICICI BANK	523.00	524.70	14.00	2.75
ICICI SEC	345.45	356.40	0.85	0.25
J K CEMENTS	1191.00	1197.60	39.90	3.47
MAX FINANCIAL	514.95	529.90	-11.95	-2.27
PFIZER	4400.00	4498.00	56.65	1.30

2:59 PM

NEWS ALERT | Ashok Leyland to observe 2-12 non-working days in Dec: BSE filing

-- To be observed at few plants to align production with demand

2:55 PM

Tata Motors climbs 7% on increase in JLR sales in the US

Shares of Tata Motors jumped 7 per cent in the intra-day deals on Wednesday after reports said its flagship arm and UK-based luxury carmaker Jaguar Land Rover sold 12,472 units in the US, an increase of 6.2 per cent YoY against 11,744 units in November 2018. On month-on-month basis, its sales rose 19.4 per cent. READ MORE   

2:44 PM

Metal stocks gain on reports US, China move closer to trade deal

2:43 PM

NEWS ALERT | US & China move closer to a trade deal despite heated rhetoric: Bloomberg

2:28 PM

Asian Markets check

Asian shares extended losses on Wednesday after US President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.9 per cent. Japan's Nikkei dropped 1 per cent, matched by falls in Hong Kong and Korea , where stock markets touched their lowest since October.

 

Shanghai blue chips fell 0.2 per cent and Australia's S&P/ASX200 tumbled 1.6 per cent, having shed almost 4 per cent since closing on Monday.

(via Reuters)

2:20 PM

STOCK WATCH :: Info Edge (India) records its sharpest intra-day fall since June 19.

-- Stock declined 7 per cent to Rs 2,370 on BSE on Wednesday

 

-- In past three trading days, the market price of the company has fallen 10 per cent. 

 

-- In comparison, the benchmark S&P BSE Sensex was down marginally by 0.43 per cent during the same period 
 

2:16 PM

YES Bank's $2 billion capital plan leaves shareholders in two minds

Almost a week after embattled Yes Bank Ltd. unveiled details of its plans to raise $2 billion in capital, shareholders remain unconvinced that a deal will take place. Shares of the Mumbai-based lender have fallen about 10 per cent since it announced the names of the investors for its proposed preferential issue. Doubts over key foreign bidders have triggered concerns that the Reserve Bank of India might not allow them to take ownership of the bad-debt laden bank. READ MORE

2:15 PM

NEWS ALERT | SEBI to pass order in Karvy stock broking case by Dec 12: SAT

-- No further relief to Bajaj Finance, other banks: SAT

-- SAT directs Bajaj Fin & other banks to approach SEBI by december 6 regarding their plea.

(via CNBC TV18)

 

1:55 PM

MARKET UPDATE:: Sensex pares some losses

1:45 PM

STOCK ALERT:: Gati locked in upper circuit of 5% at Rs 65.55 ahead of board meeting on Dec 5 to consider fund raising by way of preferential issue

1:40 PM

NEWS ALERT | Will not set any deadline for trade deal with the US: Chinese Foreign Ministry

-- Says, necessary countermeasures must be taken to defend rights & interests & that no one should underestimate their resolve to safeguard China's interests

(As reported by CNBC TV18)

1:38 PM

NEWS ALERT | Future Retail likely to launch 7-eleven stores in India

-- To open 1-2 stores of 2,000 sqft

 

-- Stores to have 40-45% of fresh food, and remaining packaged food in phase-1

1:32 PM

Contribution to Sensex's fall today

1:32 PM

NEWS ALERT | Shilpa Medicare gets EIR from US FDA for Karnataka unit

-- EIR for API manufacturing site located at Raichur, Karnataka

 

Alert: Inspection conducted during July 22-26

 

1:22 PM

NEWS ALERT | Dr. Reddy's Labs launches Bortezomib injection in the US: BSE filing

-- Injection of 3.5 mg/vial for Intravenous use only 

1:14 PM

RIL slumps over 2%, top loser on Sensex

1:12 PM

Nifty Bank slips in the red

1:04 PM

Market check | Nifty slips below 11,950

1:01 PM

NEWS ALERT | Each Bond ETF unit to be priced at Rs 1,000: FM

-- Market maker must have inventory of ETF units worth Rs 1 cr;

-- Bond ETF to comprise bonds of 3 and 10-year maturity as of now: FM;

-- Retail investors will have an option to participate in bond issues via ETF;

-- Bond ETF will be listed on exchanges; 

-- Each unit to be priced at Rs 1,000; 

-- CPSEs and public financial institutions to be part of the ETF;

-- Edelweiss to launch corporate bond ETF;

-- Bond ETF meant to give transparency, depth to bond market and give retail access;

-- Bond ETF post tax becomes an efficient instrument to invest 

12:56 PM

Market check | Indices slip

12:48 PM

NEWS ALERT | Attempting to deepen the bond market in India: FM

-- Have seen good success rate from the two equity ETFs in 2014 & 2017: FM

 

12:46 PM

NEWS ALERT | Cabinet approves creating an umbrella bond exchange traded fund (ETF)

12:45 PM

Larsen & Toubro hits over 3-month low, stock down 11% in one month

Shares of Larsen & Toubro (L&T) hit an over three-month low of Rs 1,287, down 2 per cent on Wednesday, thue falling 3.5 per cent in the past two trading days, after media reports said Maharashtra Chief Minister has ordered a review of all projects/proposals cleared by earlier government in the last six months. READ MORE

12:43 PM

NEWS ALERT | Cabinet clears 6 bills

-- Cabinet approves Citizenship Amendment Bill

-- Cabinet clears Personal Data Protection Bill

12:33 PM

Tata Motors to hike passenger vehicle prices from Jan to offset BSVI impact

Tata Motors on Wednesday said it will increase prices of its passenger vehicles from January, primarily in order to offset impact of upgrading its portfolio to conform to BSVI emission norms.

 

The company currently sells products ranging from hatchback Tiago to SUV Harrier, priced between Rs 4.39 lakh and Rs 16.85 lakh (ex-showroom Delhi). READ MORE