Nifty ends above 10,250, up 1.4% for the week; Sensex ends 301 pts higher

All that happened in the market today

3:42 PM

Nifty Chart of the day

Source: NSE

3:41 PM

Nifty Bank up 1%

Source: NSE

3:39 PM

Sectoral Trend

Source: NSE

3:38 PM

Top Sensex gainers and losers

Source: BSE

3:36 PM

Broader Markets

Broader markets were in line with the frontline indices with BSE Midcap up 0.9% and BSE smallcap up 1% 

3:34 PM

Markets at Close

The S&P BSE Sensex ended at 33,250, up 301 points while the broader Nifty50 index settled at 10,265, up 98 points

3:20 PM

Govt to seek court approval to take control of Unitech; stock surges 20%

 

Unitech was locked in upper circuit of 20% at Rs 7.29 on the BSE with no sellers seen on the counter after media report suggested that the government to seek court approval to take control of the realty major.

 

The Exchange has sought clarification from Unitech with respect to news article appearing on www.business-standard.com on December 08, 2017 about the said report. The reply is awaited. READ MORE

3:12 PM

TCS tops MOSL's wealth creation list; Coal India, Bhel wealth destroyers

 

Tata Consultancy Services (TCS) has emerged as the biggest wealth creator during 2012–2017, finds the latest Motilal Oswal Wealth Creation Study by Raamdeo Agrawal, co-founder and joint managing director of the group.

 

"TCS has emerged as the biggest wealth creator for the period 2012-17, retaining the top spot it held in the previous four study periods (2011-16, 2010-15, 2009-14 and 2008-13). Reliance Industries (RIL) has muscled its way to the third position after not featuring in the wealth creators list in the previous study," the findings suggest.

 

The study defines wealth created as the difference in market capitalisation over a period of past five years, after adjusting for equity dilution. READ MORE

3:01 PM

Market Check at 3 pm

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	33,273.57	+324.36	+0.98
S&P BSE SENSEX 50	10,714.38	+103.91	+0.98
S&P BSE SENSEX Next 50	35,763.20	+400.24	+1.13
S&P BSE 100	10,753.28	+106.98	+1.00
S&P BSE Bharat 22 Index	3,707.62	+33.04	+0.90

2:48 PM

Balkrishna Industries, Vakrangee rally up to 39% post bonus announcement

 

Shares of Balkrishna Industries and Vakrangee hit their respective new high on Friday, up 39% after their respective boards declared bonus issue to their existing shareholders. Both these stocks have outperformed the market by wide margins post bonus announcements. READ MORE

2:38 PM

Buzzing Stock

 

Shares of Steel Authority of India Ltd jumped as much as 3.9 percent after Reuters reported, citing sources, that the state-run firm was set to approve a long-proposed $1 billion JV with ArcelorMittal SA next week.

2:23 PM

Maruti Suzuki hits new high; surpasses SBI, HDFC in market-cap ranking

 

Maruti Suzuki India hit a new high of Rs 9,120 on the BSE in intra-day delas on Friday, surpassing the state-owned banking giant State Bank of India (SBI) in market capitalisation (market-cap) ranking.

 

On Thursday, Maruti Suzuki India had surpassed the India's largest mortgage lender and non-banking finance company Housing Development Finance Corporation (HDFC).

 

Maruti Suzuki India with market-cap of Rs 273,958 crore came in at number sixth position in overall ranking ahead of SBI which had market-cap of Rs 272,902 crore at 10:49 am; the BSE data showed. HDFC had market-cap of Rs 267,242 crore.

 

Maruti Suzuki India was at number 11th position in overall market-cap ranking at beginning of the current calendar year 2017 (CY17). It surpassed Infosys, Oil and Natural Gas Corporation (ONGC) and Coal India thus far in CY17. READ MORE

2:07 PM

Govt extends deadline to link Aadhaar with PAN by 3 months to March 31

 

The government on Friday extended the deadline for mandatory linking of PAN with Aadhaar by three months to March 31, 2018.

 

This is the third extension given by the government to individuals to link the Permanent Account Number (PAN) with the biometric ID.

 

The Centre had already informed the Supreme Court that it is willing to extend till March 31 the deadline fixed for mandatory linking of Aadhaar to avail various services and welfare schemes.

 

"It has come to notice that some of the taxpayers have not yet completed the linking of PAN with Aadhaar. READ MORE

1:46 PM

Interview of the day

 

Bulk of wealth is created in co's growth advantage period: Raamdeo Agrawal

 

On the eve of the launch of its 22nd Annual Wealth Creation study, Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services talks on the learnings from the latest initiative. He also shared his views on the market outlook and why investors shouldn’t worry over the outcome of Gujarat state elections. READ FULL INTERVIEW HERE

1:30 PM

Market Check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	33,193.42	+244.21	+0.74
S&P BSE SENSEX 50	10,695.05	+84.58	+0.80
S&P BSE SENSEX Next 50	35,742.76	+379.80	+1.07
S&P BSE 100	10,736.01	+89.71	+0.84
S&P BSE Bharat 22 Index	3,694.42	+19.84	+0.54

1:12 PM

Riddhi Siddhi Gluco Biols zooms 20% on delisting plan

 

Riddhi Siddhi Gluco Biols was locked in upper circuit of 20% at Rs 581, also its new high on the BSE, after the company announced that the board will meet on Tuesday, 12th December, 2017 to consider the delisting proposal.

 

The company has received the proposal from the promoter(s)/promoter(s) group as regards delisting of equity shares of the company from BSE, Riddhi Siddhi Gluco Biols said in a filing. READ MORE

12:50 PM

Jet Airways falls 5% post Q2 results

 

Jet Airways (India) dipped 5% to Rs 665 on the BSE in intra-day trade after the company reported a 91% drop in standalone net profit at Rs 50 crore in September quarter (Q2FY18), due to higher fuel expenses. It had profit of Rs 549 crore in the same quarter year ago.

 

Revenue from operations grew 3% at Rs 5,627 crore against Rs 5,453 crore in the corresponding quarter of previous year.
 

Quarterly total expenses rose 9.2% to Rs 5,709 crore with aircraft fuel expenses rising about 17% at Rs 1,526 crore over the previous year quarter.

12:38 PM

Sectoral Trend

Source: NSE

12:14 PM

Govt to seek court approval to take control of realty major Unitech: Report

 

The corporate affairs ministry has moved the bankruptcy court to take management control of realty major Unitech on grounds of mismanagement and diversion of funds, Bloomberg reported on Friday.

 

Unitech’s Managing Director Sanjay Chandra was arrested in April 2017 following a complaint by home buyers who weren’t given possession of their flats. Unitech had yet to deliver possession of 16,299 flats worth Rs 7,816 crore to investors. 

 

The Supreme Court denied Chandra bail until the company deposited funds with it to protect the interests of such buyers. READ MORE

11:58 AM

Bitcoin plunges more than 12% to below $15,000 after hitting record $19,000

 

Bitcoin tumbled more than 12 per cent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $19,000 earlier in the session.

 

Bitcoin was down 12.6 per cent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $19,000.

 

It was still up more than 30 per cent for the week, as investors debated about whether the cryptocurrency was in a bubble that was about to burst.

11:40 AM

Sensex nears 33,250 levels

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	33,234.71	+285.50	+0.87
S&P BSE SENSEX 50	10,705.51	+95.04	+0.90
S&P BSE SENSEX Next 50	35,732.25	+369.29	+1.04
S&P BSE 100	10,744.23	+97.93	+0.92
S&P BSE Bharat 22 Index	3,698.58	+24.00	+0.65

(Source: BSE)

11:37 AM

Mark Mobius at Barclay's India Forum

IT and pharma sectors will continue to remain strong

(courtesy: CNBC)

11:37 AM

Mark Mobius to CNBC TV18

 

GST address a lot of transportation issues. Domestic demand will continue for pharma and IT sectors

11:36 AM

Mark Mobius to CNBC TV18

India has plenty of Iron ore and coal. The government should make use of this

11:35 AM

Mark Mobius at Barclay's India Forum

A lot of commodities in India have not been exploited like iron ore, coal, which can be used by the administration

(courtesy: CNBC)

11:34 AM

Mark Mobius on CNBC TV18

Commodities: There will be a recovery in commodities as the demand continues to surge

11:31 AM

Mark Mobius on CNBC TV18

I am moving my money to state-owned banks post government's PSU bank recap plan

11:31 AM

Mark Mobius on CNBC TV18

Most of FII money is in fixed income securities in the developed markets like the US and Europe

11:30 AM

Mark Mobius at Barclay's India Forum

Biggest risk in the global market is political uncertainty

(courtesy: CNBC)

11:29 AM

Mark Mobius at Barclay's India Forum

Rise of the ETFs are quite amazing, the way they have grown

(courtesy: CNBC)