MARKET WRAP: Sensex gains 196 pts, Nifty tops 10,850; PSBs jump up to 12%

Here's a look at all that happened in Friday's session.

3:39 PM

Sectoral trend on NSE

3:38 PM

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

3:35 PM

MARKET AT CLOSE

The S&P BSE Sensex added 196.37 points or 0.55 per cent to settle at 36,063.81 while the NSE's Nifty50 index closed at 10,863.50, up 71 points or 0.66 per cent.

3:18 PM

Top losers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
BHARAT DYNAMICS	288.70	-15.40	-5.06	29050
SWAN ENERGY	114.25	-3.65	-3.10	9116
BHARTI AIRTEL	308.10	-9.85	-3.10	1015535
SHEELA FOAM	1375.00	-34.25	-2.43	2
SECURITY & INTEL	799.95	-18.35	-2.24	649

3:11 PM

NCC Ltd bags 5 orders worth Rs 4,088 crore from state govt agencies

Infrastructure major NCC Limited on Friday announced getting five new orders worth Rs 4,088 crore last month. Of these, six orders totalling to Rs 738 crore pertain to building division and three orders totalling to Rs. 3,350 crore pertain to water division. READ MORE

3:07 PM

NEWS ALERT | ABB India December quarter profit grows 15.4% at Rs 198 crore

2:56 PM

Public sector banks gain; Oriental Bank, Union Bank soar 10%

Shares of public sector banks (PSBs) rallied up to 10 per cent on the bourses in intra-day trade after Finance Minister Arun Jaitley on Thursday assured government funding support to state-owned banks. Oriental Bank of Commerce and Union Bank of India soared 10 per cent each at Rs 91.95 and Rs 78.35, respectively, in intra-day trade. State Bank of India (SBI), Syndicate Bank, Bank of India, Punjab National Bank, Bank of Baroda, Vijaya Bank, Dena Bank, Allahabad Bank, Canara Bank, IDBI Bank and Indian Bank were up in the range of 1 per cent to 6 per cent. READ MORE

2:48 PM

Sectoral trends on NSE

2:22 PM

Carlyle Group acquires 9% stake in SBI Life; stock rises over 3%

2:18 PM

NEWS ALERT: Sebi cuts brokers' fee to Rs 10 per Rs 1 crore transaction

2:09 PM

NEWS ALERT: Sebi allows MFs, portfolio managers to trade in commodity derivatives.

2:08 PM

NEWS ALERT: Sebi approves amendments to regulations on REITs, INvITs

2:01 PM

Motilal Oswal Financial Services on banks

The outlook for corporate banks is improving, given the moderation in slippages, the reduction in total stressed loans and the improving profitability. Revival in credit growth, along with improved pricing power, will help drive faster NII (net interest income) growth. Among corporate lenders, we prefer Axis Bank and ICICI Bank – we expect their earnings to accelerate significantly from FY20. Within our coverage universe, we maintain our preference for ICICI Bank, Axis Bank, HDFC Bank and Federal Bank.

1:55 PM

SML Isuzu hits 20% upper circuit on strong February sales numbers

Shares of SML Isuzu were locked in upper circuit of 20 per cent at Rs 682 on the BSE after the company reported strong 33 per cent year-on-year (YoY) growth in total sales at 1,282 units in February. It had sold 965 units in the same month last year. In January, the commercial vehicle maker had reported a single digit 6.3 per cent YoY growth in total sales at 997 units. READ MORE

1:45 PM

Ipca Labs stock nears record high, surges 6%; here's what brokerages say

The stock has gained 9 per cent in the current week as compared to a 0.50 per cent rise in the benchmark S&P BSE Sensex in the same period. READ MORE

1:39 PM

17 stocks hit 52-week highs on NSE in today's trade

AAVAS	Aavas Financiers Limited	1,085.00	1,023.00	25-Feb-2019	1,070.00	1004.15	65.85	6.56
ANUP	The Anup Engineering Limited	472.50		-	472.50	311.05	161.45	51.90
ASTRAZEN	AstraZeneca Pharma India Limited	2,049.00	2,039.90	28-Feb-2019	1,980.00	2028.40	-48.40	-2.39
BALRAMCHIN	Balrampur Chini Mills Limited	136.75	134.35	25-Feb-2019	134.20	131.00	3.20	2.44
BILENERGY	Bil Energy Systems Limited	1.70	1.65	28-Feb-2019	1.70	1.65	0.05	3.03

(Click here to view the full list)

1:33 PM

Rupee check

Rupee slips 40 paise to 71.12 against US Dollar

1:22 PM

NEWS ALERT | Mahindra & Mahindra's February sales grow 10% to 56,005

1:16 PM

External Affairs Minister Sushma Swaraj addresses OIC conclave as the Guest of Honour

1:12 PM

Top gainers and losers on S&P BSE Sensex

1:00 PM

Derivatives Strategy on PNB by ICICI Securities

Positional Option: Buy PNB March 75 Call at Rs 3.2-3.7

 

Target: Rs 8.5

 

Stop loss: Rs 1.4. 

 

Time Frame: Till March Expiry

 

• PNB has remained laggard for quite some time now. However, the subdued bond yields are likely to lead to some short covering in PSU banking space
 

• Since the month of November, the short positions were added to the tune of 22% in the stock. However as it remained resilient at lower levels, the stock has started witnessing closure of short positions
 

• The highest Call base was placed at 75 which is getting formed at 80 strike now which can push the stock higher. The Put options base is seen at 70 which may limit the downsides.
 

• On Feb 05, good delivery pick up was seen at 76.5. Afterwards the rise in delivery was seen again near 76 on Feb 21. We believe these levels are going to be taken out soon.

12:52 PM

Ipca Labs stock nears record high, surges 6%; here's what brokerages say

Shares of Ipca Laboratories surged 6 per cent to Rs 862 in intra-day trade on Friday, near its record high of Rs 907, touched on February 28, 2014. The stock has gained 9 per cent in the current week as compared to a 0.50 per cent rise in the benchmark S&P BSE Sensex in the same period. READ MORE

12:37 PM

NEWS ALERT | SML Isuzu reports 32.8% jump in February sales at 1,282

12:32 PM

ICICI Securities on Shaily Engineering Plastics

We model revenue earning CAGR of ~22% and ~23% for FY18-20E respectively. We believe lower plant utilisation coupled with higher interest outgo (owing to higher debt level on account of capex and working capital) would result in lowering return ratios. Hence we cut our target price from Rs 1,120/share to Rs 635/share and revised our rating from Buy to Hold on the stock (15x FY20E)

 

12:31 PM

Index watch

INDEX	LATEST	PREVIOUS	CHANGE	CHANGE(%)
	36024.93	35867.44	157.49	0.44
	14288.72	14196.80	91.92	0.65
	14465.44	14318.36	147.08	1.03
	13903.68	13689.84	213.84	1.56
	4184.29	4164.44	19.85	0.48

12:20 PM

Zodiac Clothing hits 52-week high; stock zooms 41% in two days

As of December 31, 2018, foreign portfolio investors (FPIs) held 8.66 per cent stake in Zodiac Clothing. Akash Bhanshali (6.39 per cent), Vallabh Bhanshali (3.11 per cent) and Nemish Shah (1.90 per cent) are among the notable investors held a combined 11.4 per cent holding in the company, the shareholding pattern data shows. READ MORE

12:10 PM

Nifty PSU index is trading 2.10% higher led by gains in Oriental Bank

12:04 PM

Indian economy to grow around 7.3% in 2019, 2020: Moody's

Indian economy is expected to grow at 7.3 per cent in the calendar year 2019 and 2020, and the government spending announced ahead of elections this year which will support near-term growth, Moody's said on Friday. The US-based rating agency said that the country is less exposed to a slowdown in global manufacturing trade growth than other major Asian economies and emerging markets and is poised to grow at a relatively stable pace in the two years. READ MORE

11:57 AM

Improvement in profitability to continue for life insurers, say analysts

The stocks of most life insurers have been under pressure in the last couple of months amid factors such as high valuations, some company-specific concerns, among others (see chart). Though minor issues may still weigh on their financial and share price performance, with an expected pick-up in profitability, their earnings prospects look better, say analysts. READ MORE

11:45 AM

Most active stocks by volume (BSE500)

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
SBI LIFE INSURAN	598.40	17.90	3.08	97856769
S A I L	52.40	4.10	8.49	3553775
RELIANCE POWER	11.12	0.37	3.44	3423087
CG POWER & INDU.	35.90	3.65	11.32	2080002
DEWAN HSG. FIN.	129.40	2.20	1.73	1682472