MARKET WRAP: Sensex surges 164 pts, Nifty ends at 11,003; banks, autos gain

All that happened in markets today.

3:55 PM

Top contributors to Sensex's gain on Monday

3:55 PM

ALERT :: Market holiday

Markets will remain closed on Tuesday, September 10, on account of Moharram

3:52 PM

PSU banks gained ground in trade today

(Index level and % change; Image source: NSE)

3:50 PM

Mid-and small-caps outperform

3:49 PM

Key indices on BSE

3:48 PM

Sensex heat map

3:43 PM

CLOSING BELL

The S&P BSE Sensex rallied 164 points or 0.44 per cent to settle at 37,145.45, while NSE's Nifty50 index ended at 11,003, up 57 points or 0.52 per cent.

3:20 PM

MARKET CHECK | Top gainers on the BSE at this hour

3:04 PM

August Mutual Fund data

-- Total net equity inflows up 12.3% on a MoM basis at Rs 9,090 cr vs Rs 8,092 cr

2:59 PM

NEWS ALERT | Skipper bags order worth Rs 524 cr from Power Grid

2:58 PM

ICRA Comments on Monthly Auto Sales (Passenger Vehicles)

"Domestic PV Wholesale dispatches declined by 30%+ for the second consecutive month, in the backdrop of subdued consumer sentiments and tighter financing environment. Deferment in purchases by consumers in anticipation of GST revision and steep discounting ahead of BS-VI rollout further dented demand. The government has taken various initiatives to ease liquidity crunch, though it will be unlikely to provide any immediate respite to the industry," says Ashish Modani, Vice President & Co-Head, Corporate Ratings, ICRA.

2:44 PM

NEWS ALERT | Bajaj Housing Finance reduces home loan rates to 8.6% from 8.8%

-- For loans up to Rs 30 lakh

2:39 PM

NEWS ALERT | Gujarat Metro Rail Corp revives contract with IL&FS Engg: BSE filing

--  Contract revived for construction work in Ahmedabad Metro Project- Phase I

-- Revived without changes in financial terms of original contract

-- IL&FS to complete project within 15 months

Alert: GMRC had terminated contract on Jan 19, 2019

2:35 PM

Mitsubishi gets CCI nod to increase TVS Automobile Solutions stake to 25%

The Competition Commission of India (CCI) on Monday said it has given nod to Japan-based Mitsubishi Corporation for increasing stake in TVS Automobile Solutions to 25 per cent. 

 

The CCI in a tweet said it "approves increase in shareholding of Mitsubishi Corporation in TVS Automobile Solutions Private Limited from 3.26 per cent to 25 per cent".  READ MORE

2:24 PM

NEWS ALERT | Kopran board to consider and approve early redemption of 5.5 mn unlisted preference shares at face value of Rs 10 each on Sept 11: BSE filing

2:15 PM

Nifty IT index dips 0.9% as Rupee strengthens

2:04 PM

NEWS ALERT | Union Bank board approves raising upto Rs 17,200 cr via equity and tier-II bonds

-- Board approves amalgamation of Andhra Bank and Corporation Bank into company

1:56 PM

Contribution to Sensex

1:45 PM

Ashok Leyland sheds 3% as it declares non-working days across units

Shares of commercial vehicle maker Ashok Leyland slipped up to 2.8 per cent to Rs 62.1 apiece on the BSE on Monday after it announced no working days at various manufacturing plants for September, due to the continued weak demand for its products.

 

The company's Pantnagar plant will have as many as 18 non-working days in September, while the Ennore unit would have 16. The Alwar and Bhandara plants would have 10 non-working days each, while Hosur 1 and 2 and CPPs will have five such days, the company informed the exchanges READ MORE

1:35 PM

NEWS ALERT | CBIC extends GST return filing date

1:31 PM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
SUZLON ENERGY	2.86	-0.34	-10.63	6500286
YES BANK	61.70	1.30	2.15	6143142
VODAFONE IDEA	5.25	0.07	1.35	5561624
REL. COMM.	0.76	0.03	4.11	4873470
TATA MOTORS	121.35	0.25	0.21	2109913

1:25 PM

NEWS ALERT | CCI approves acquisition of 0.5% stake in Quess Corp by amazon.com

1:21 PM

Bajaj Finserv trades 2% higher

1:20 PM

DHFL surges 12% on payment of pending amount to DSP Mutual Fund, IDBI AMC

DHFL shares zoomed as much as 12 per cent intra-day to Rs 51.95 apiece on the National Stock Exchange (NSE) on Monday after paying the entire pending amount to DSP Mutual Fund. DSP Mutual Fund had an exposure of Rs 150 crore to Commercial Papers (CPs) issued by DHFL with scheduled maturity on June 25, 2019. The company had made part payments of Rs 60 crore on June 28, 2019, cumulatively paying Rs 75 crore (equivalent to 50 per cent of the total exposure) till June 28, 2019. READ MORE

1:04 PM

Dilip Buildcon stock surges 11% as company mulls sale of 7 more HAM assets

The company is in talks to sell seven more HAM assets, said Rohan Suryavanshi, Head - Strategy and Planning at Dilip Buildcon, in an interaction with CNBC-TV18 . The company's standalone debt would stand at Rs 3,300 crore while its consolidated debt would reduce by Rs 1,800 crore as a result of sale of five HAM assets, Suryavanshi said. READ MORE

12:47 PM

Bank of Baroda plans to raise capital up to Rs 3,000 cr via tier-II bonds

Public sector lender Bank of Baroda (BoB) plans to raise capital up to Rs 3,000 crore through tier-II bonds for meeting capital adequacy norms for the merged entity (integration of Vijaya and Dena Bank with BoB).

 

Rating agency India Ratings has assigned “AAA” stable rating to proposed bond offering by the PSB. Ratings for state-owned lender factors in large franchise, a pan-India presence, adequate funding base and liquidity. BOB is amongst the better capitalised PSBs, with a common equity tier I capital of 8.49 per cent in 1QFY20 (June 2019) and a capital adequacy ratio of 11.50 per cent. READ MORE

12:37 PM

NEWS ALERT | Infosys collaborates with Microsoft for digital transformation of a Philippines-based Co: BSE Filing

12:32 PM

NEWS ALERT | Received the balance Commercial Paper amount of Rs 12.5 cr from DHFL on Saturday: IDBI AMC

12:26 PM

Passenger vehicle sales dip 31.6% in Aug; down ten months in a row: SIAM

India's domestic passenger vehicle sales fell for the tenth straight month in August, declining 31.57 per cent to 1,96,524 units from 2,87,198 units in the year-ago period. Domestic car sales were down 41.09 per cent to 1,15,957 units as against 1,96,847 units in August 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) released on Monday. READ MORE

12:25 PM

Auto slowdown: Ashok Leyland declares non-working days across units in Sept

Ashok Leyland has announced non-working days across its plants for the month of September, due to the continued weak demand for its products.
 

The company's Pantnagar plant will have as many as 18 non-working days in September, while the Ennore unit would have 16. The Alwar and Bhandara plants would have 10 non-working days each, while Hosur 1 and 2 and CPPs will have five such days. READ MORE