MARKET WRAP: Sensex ends 182 pts higher; RIL up 2.5%, Sun Pharma climbs 6%

All that happened in markets today.

4:04 PM

MARKET OUTLOOK | Vinod Nair, Head of Research, Geojit Financial Services

Market traded higher ahead of the cabinet meeting due today to discuss on divestment and continued strong buying in index heavyweights lead by pharma and banking stocks. Fresh worries surfaced over US –China trade tensions but domestic market maintained positive momentum. Government’s plan to divest PSU stake to help maintain the fiscal deficit target in check.  

4:03 PM

SECTOR WATCH | Top gainers and losers on the NSE

4:02 PM

Top gainers and losers on the S&P BSE Sensex

3:41 PM

CLOSING BELL

The S&P BSE Sensex added 182 points or 0.45 per cent to end at 40,652 while NSE's Nifty50 index ended 59 points or 0.49 per cent higher at 11,999 levels.

3:25 PM

Tata Steel at day's low

3:09 PM

MARKET CHECK | PVR at day's high

2:53 PM

Promoter of J Kumar Infra acquires additional 0.4% stake from open market

2:53 PM

Working on resolution plan, have submitted restructuring proposal: Suzlon

Wind-turbine maker Suzlon Energy on Wednesday said the company is working on a resolution plan and lenders have time till January next year to work on a sustainable resolution plan before taking any extreme steps.

 

"The company is continuously working on a resolution plan with the lenders and has also submitted a restructuring plan, which envisages segregating total debt into sustainable debt and unsustainable debt," Suzlon Energy said in a filing to BSE in response to a clarification sought by the bourse on a news item. READ MORE

2:41 PM

NEWS ALERT | Cube Highway, IRB Infra, NIIF submit bids for ToT-III: sources to CNBC TV18

-- NHAI had put up 9 projects, totalling 566.27 kilometers

-- Highway projects spread across states like Uttar Pradesh, Bihar, Jharkhand, Tamil Nadu

-- NHAI looking to raise a minimum of Rs 4,995 crore

2:25 PM

Top losers on BSE500 today

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
RELIANCE CAPITAL	18.05	-0.95	-5.00	32978
INDIABULLS INTEG	66.50	-3.50	-5.00	1253
RELIANCE POWER	3.43	-0.18	-4.99	4684461
RELIANCE INFRA.	33.25	-1.70	-4.86	176003
MAGMA FINCORP	37.15	-1.55	-4.01	6756

2:11 PM

MARKET CHECK:: Sensex off day's high

1:56 PM

Nifty Pharma index hits two-month high; Sun Pharma surges 7%

Shares of pharmaceutical companies were trading higher for the fourth straight day, with Nifty Pharma index hitting a two-month high after 7 per cent rally in share price of Sun Pharmaceutical. At 01:01 pm, Nifty Pharma index, the largest gainer among sectoral indices today, was up 3.5 per cent at 8,122 points. The pharma index was quoting at its highest level since September 13, 2019. In comparison, the Nifty 50 index was up 0.69 per cent at 12,023 points. READ MORE

1:41 PM

Stocks that hit 52-week high on BSE500 today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ADANI GREEN	98.35	100.50	2.15	2.23
BHARTI AIRTEL	436.90	452.95	-2.35	-0.54
DIVI'S LAB.	1788.80	1797.00	56.20	3.24
DLF	212.45	218.55	-2.75	-1.28
ESSEL PROPACK	149.00	154.50	1.40	0.95

1:27 PM

Rupee off day's high

1:22 PM

RBL Bank surges over 7%

1:09 PM

BUZZING STOCK:: Sadbhav Infra

1:00 PM

Top gainers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
UCO BANK	18.69	3.11	19.96	1075381
TEJAS NETWORKS	97.70	16.25	19.95	217029
VODAFONE IDEA	7.09	1.07	17.77	140359712
DISH TV	17.60	2.59	17.26	4775545
ZEE ENTERTAINMEN	304.25	18.50	6.47	963612

12:57 PM

BROKERAGE RADAR | Anand Rathi Research on Atul Auto

After the sharp fall, the stock trades at an attractive 8.8x FY20e PE. We expect revenue to register an 8% CAGR (to Rs 7.63 bn) and PAT to record a 7% CAGR (to Rs 640 m). Given the inexpensive valuation, we see potential and upgrade our recommendation to a Buy, at a target price of Rs 350. Risks: Lower-than-expected volume growth.

12:50 PM

BUZZING STOCK:: Dish TV zooms 15%

12:42 PM

Reliance Capital, R-Infra locked in lower circuit for seventh straight day

Shares of Anil Ambani-led Reliance Group companies - Reliance Capital and Reliance Infrastructure - were locked in lower circuit for the seventh straight day, after lenders invoked pledged shares of these companies. Reliance Capital was locked in the 5 per cent lower circuit at Rs 18.05 on Wednesday after the company said that YES Bank had invoked around 16 lakh equity shares of the company owned by promoter Reliance Inceptum Private Limited. READ MORE

12:25 PM

The sun stops shining for Shapoorji Pallonji as solar company IPO falters

Every conceivable danger an investor needs to be aware of in an initial public offering is discussed in the August prospectus of Sterling and Wilson Solar Ltd., among the world’s biggest engineering contractors to solar farms. READ MORE  

12:17 PM

RIL crosses Rs 1,500; up 35% in 2019. Charts show Rs 1,760 is in the offing

Reliance Industries (RIL) has been one of the better performing stocks in calendar year 2019 (CY19) with a rise of around 35 per cent on a year-to-date basis. In comparison, the frontline Nifty50 index has gained 10 per cent rise during this period. READ MORE 

12:06 PM

BUZZING STOCKS:: ZEEL jumps over 6%

12:00 PM

MARKET CHECK

11:47 AM

Nifty Private Bank index trades higher

11:34 AM

IT stocks trade lower

COMPANY	LATEST(rs)	CHG(rs)	CHG(%)	VOLUME
TECH MAHINDRA	761.35	-1.90	-0.25	161052
INFOSYS	710.30	-2.50	-0.35	69631
INFIBEAM AVENUES	44.45	-0.10	-0.22	58060
WIPRO	249.20	-1.20	-0.48	39516
FIRSTSOUR.SOLU.	41.10	0.35	0.86	38672

11:33 AM

Should you sell RIL? Here's what experts say

Continuing its upswing, Reliance Industries (RIL) on Wednesday hit a fresh lifetime high of Rs 1,571 apiece on the BSE, up 4 per cent, thus nearing Rs 10 trillion market capitalisation (m-cap). On Tuesday, RIL became the first Indian company to cross the m-cap of Rs 9.50 trillion. READ MORE  

11:21 AM

PSBs extend gain; Nifty PSU Bank index surges 10% in four days

Shares of public sector banks (PSBs) were trading higher for the fourth straight day, after the Supreme Court's decision on Essar Steel resolution came in favor of the financial creditors. At 10:43 am, Nifty PSU Bank index was up 1 per cent, surging 10 per cent in the past four trading days. In comparison, the benchmark Nifty 50 index has gained 1.3 per cent during the same period. READ MORE

11:09 AM

Contribution to Sensex's gain today

10:56 AM

Sensex gains over 300 pts