MARKET WRAP: Sensex ends 125 pts higher, Nifty at 11,036; PSBs, autos gain

All that happened in the markets today

3:48 PM

Contributions to S&P BSE Sensex's gain today

3:47 PM

Broader indices outperform

3:46 PM

Key indices on BSE

3:45 PM

Sensex heatmap

3:38 PM

CLOSING BELL

The S&P BSE Sensex gained 125 points or 0.34 per cent to settle at 37,271, while NSE's Nifty50 index ended at 11,036, up 33 points or 0.3 per cent.

3:29 PM

ALERT :: Hong Kong Exchange makes surprise $36.6 billion bid for LSE

Hong Kong Exchanges and Clearing Ltd. made an unexpected bid for London Stock Exchange Group Plc, which could potentially throw the European exchange’s own transformative deal into jeopardy.
 

The transaction values one of Europe’s largest exchanges at 29.6 billion pounds ($36.6 billion), according to a HKEX a statement Wednesday. The Asian bourse operator had considered the ‘ambitious and far-reaching’ deal for many months, HKEX Chief Executive Officer Charles Li said.

3:29 PM

Wockhardt hits 20% upper circuit

3:11 PM

Maruti Suzuki India up 3%

3:02 PM

NEWS ALERT | ICRA cuts rating of Coffee Day Enterprises Ltd's long-term loans to 'D': CNBC TV18

3:00 PM

Buzzing stock | Oberoi Realty surges 10%

2:59 PM

Realty stocks gain

2:54 PM

NEWS ALERT | PSBs unlikely to be part of strategic divestment this year: sources to ET Now

-- Fin MIn has sent divestment proposal to PMO seeking urgent approval

-- Decision on new ETF basket only after cabinet nod for selling below 51% in PSU

-- Fin Min seeks cabinet nod for PSUs to be divested this year

-- SPVs of PSUs with land and non-core assets to be candidates for divestment

2:49 PM

BUZZING STOCK:: Balrampur Chini Mills surges over 12%

2:46 PM

NEWS ALERT | Tata Metaliks' Kharagpur unit to undergo maintenance shutdown, effective September 12: CNBC TV18

2:45 PM

Rupee fall may not prop up margins of IT cos, attrition, pricing to weigh

The Nifty IT index has outperformed the Nifty 50 in the past one month and is currently near its two-month highs, thanks to a weak rupee, which fell by a sharp 99 paise against the US dollar last Tuesday. A weak rupee typically provides near-term support to margins of information technology (IT) companies. Analysts estimate that margins tend to gain by 20-25 basis point for every 1 per cent depreciation of the rupee against the US dollar. However, this time, it may be too early to think about any likely margin improvement. READ MORE

2:35 PM

Tata Motors extends gain, at day's high now

2:24 PM

NEWS ALERT | Hong Kong exchange makes proposal to London Stock exchange for merger: Reuters

2:23 PM

NEWS ALERT | Dr Reddy's launches Fosaprepitant injection in the US market

2:20 PM

PSU banks gain

2:12 PM

JK Paper surges 17%

2:01 PM

HCL Tech cracks 2%

1:57 PM

August Sales Data | Tata Motors

-- Global wholesales including Jaguar Land Rover at 72,464 units, down 32% on a yearly basis

-- Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in August 2019 were at 25,366 nos., lower by 45% YoY

-- Global wholesales of all passenger vehicles in August 2019 were at 47,098 nos., lower by 22% YoY

-- Global wholesales for Jaguar Land Rover were 39,615 vehicles. Jaguar wholesales for the month were 10,097 vehicles, while Land Rover wholesales for the month were 29,518 vehicles.

(Via BSE filing)

1:53 PM

Global markets check

Stock markets held firm on Wednesday as hopes of easing U.S.-China tensions and diminished risk of a no-deal Brexit prompted buying of out-of-favour value stocks before key central bank meetings.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 per cent to hit a fresh 5-1/2-week high. Japan’s Nikkei average climbed 1 per cent, with the Topix Value index jumping 2.2 per cent and the Topix Growth adding 1.1 per cent. The Shanghai Composite and the blue-chip CSI300 were down 0.3 per cent and 0.7 per cent, respectively, while Hong Kong’s Hang Seng advanced 1.7 per cent.

 

Pan-European Euro Stoxx 50 futures gained 0.2 per cent in late Asian trade, indicating that European cash share markets will open slightly higher on Wednesday.

(Reuters)

1:42 PM

NEWS ALERT | Cartica Capital sells 2.28% stake in Cholamandalam Fin on September 6

1:37 PM

NEWS ALERT | Generic Engineering Construction & Projects bags order worth Rs 298.88 cr : BSE filing

-- Project for construction of industrial & residential buildings

1:35 PM

Heatmap: S&P BSE Sensex

1:27 PM

Derivative pick by Anand Rathi Shares and Stock Brokers

TVS Motors

Reco: BUY

CMP: Rs 398.5

SL: Rs 375.5

TP: Rs 445

The stock has negated the lower tops and bottoms on weekly charts. Also after having formed weekly hammer its has been rising
 

1:22 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
BATA INDIA	1570.45	1572.30	10.70	0.69
DR LAL PATHLABS	1326.00	1345.20	29.25	2.26
HONEYWELL AUTO	26850.05	29100.00	-627.15	-2.28
ICICI PRU LIFE	423.95	447.00	-18.15	-4.11
MULTI COMM. EXC.	974.00	1015.00	-5.60	-0.57

1:13 PM

How to know if Indian economy is reviving? Keep an eye on this stock

For equity investors seeking early signs of any revival among India’s consumers, here is a stock to watch: the distributor of Domino’s Pizza and Dunkin’ Donuts in the country.

 

Jubilant Foodworks Ltd., the nation’s biggest fast food stock and a bellwether for discretionary consumption, has seen its shares shed almost a quarter of their value from a record high about a year ago as Indians cut back on spending. But some analysts are seeing light at the end of the tunnel. READ MORE

1:03 PM

NEWS ALERT | We are in the process of formulating a scrapping policy for 2-wheelers, says Nitin Gadkari: CNBC TV18