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MARKET WRAP: Indices pare gains, Sensex ends 70 pts higher; Airtel up 9%

All that happened in markets today.

SI Reporter New Delhi
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (

4 min read Last Updated : Nov 15 2019 | 4:07 PM IST

3:42 PM

PSU banks gained ground in trade today

Allahabad Bank was the only counter that ended weak


3:41 PM

Nifty snapshot

Nifty PSU Bank index rallied over 3%


3:40 PM

Sensex heat map

Bharti Airtel, bank stocks among top gainers


3:39 PM

Index watch

3:36 PM

CLOSING BELL

The S&P BSE Sensex gained 70 points or 0.17 per cent to end at 40,356.69 while NSE's Nifty50 index settled at 11,895.30, up 23 points or 0.20 per cent.

3:21 PM

Balkrishna Industries climbs 6% post Q2 results

The first half (April-September) of the financial year has been challenging and volume on half yearly basis have seen 12 per cent de-growth from 109,093 MT in H1FY19 to 96,473 MT in H1FY20. At the start of the year, the management had guided for 3 per cent to 5 per cent volume growth for the current financial year. READ MORE 

3:20 PM

NEWS ALERT | Important trade issues between India, US resolved; may sign initial trade package: PTI

3:05 PM

Market check

3:02 PM

Essar Steel case impact

2:57 PM

BROKERAGE RADAR | Geojit Financial Services on Vinati Organics

Given lower-than-expected revenue growth and premium valuation, we value VOL at 24x (26x earlier) on FY21E and downgrade to "Reduce" from "Accumulate" rating with a target price of Rs 1,816.

2:45 PM

Bharti Airtel hits 52-week high

2:35 PM

BROKERAGE RADAR | ICICI Securities on Majesco

The changes in the insurance sector take place at a slower pace. However, majority of insurance players are now considering a move to cloud. Hence, Majesco’s focus on cloud revenues would be a key growth driver in the long run. However, in the near term, we expect growth in cloud revenues to be under pressure due to completion of IBM-MetLife deal and time gap in scaling up subscription revenues. We believe key to the company’s re-rating will be winning of a large deal from a Tier-1 player as seen in the IBM-MetLife deal. Hence, we maintain our HOLD recommendation on the stock with a revised target price of Rs 450/share.

2:33 PM

MARKET CHECK | Top losers on the BSE at present

2:13 PM

MARKET CHECK | Vodafone Idea up 41% from day's low

2:04 PM

Index Contributors at this hour

Topics :MarketsMARKET WRAP

First Published: Nov 15 2019 | 7:31 AM IST