RIL, HDFC twins propel Sensex up 330 pts on F&O expiry day; Nifty at 11,946

All that happened in the markets today

4:02 PM

Heatmap: S&P BSE Sensex

4:00 PM

Sectoral indices at close

4:00 PM

Market at close

3:38 PM

Market at close

The S&P BSE Sensex ended at 39,832, up 330 points while the broader Nifty50 index settled at 11,946, up 85 points.

3:09 PM

Just Dial rises 5.4%

2:55 PM

NEWS ALERT | Vaibhav Global approves buyback

Company approves a proposal to buyback its own fully paid-up equity shares of face value of Rs 10 from the equity shareholders of the company for a price not exceeding Rs 1,000 per equity share

2:44 PM

Alkem Labs gains post Q4 results

2:44 PM

NEWS ALERT | E-voting on NBCC's resolution plan for Jaypee Infratech to start on May 31: CNBC TV18

- Voting to end on June 10

- NBCC has proposed banks take over Rs 1,300 cr worth of unsold inventory versus Rs 1,700 cr proposed earlier

2:41 PM

NEWS ALERT | Alkem Labs Q4 result

- Net profit at Rs 167.3 crore vs Rs 67.1 crore (Q4FY18)

- Revenue at Rs 1,854.2 cr vs Rs 1,492 cr

2:35 PM

NEWS ALERT | Natco Pharma partners with Breckenridge to market carfilzomib in US: CNBC TV18

2:34 PM

NEWS ALERT | Natco Pharma settle generic carfilzomib injection patent litigation in US

2:34 PM

IIFL Holdings locked at 5% lower circuit post spin-off; hits Rs 200 on NSE

Shares of IIFL Holdings hit the lower circuit of 5 per cent at Rs 188 on the BSE after the stock turned ex-spin off today. On the National Stock Exchange (NSE), the stock slipped to Rs 200 apiece, its lower circuit filter for the day after opening at Rs 210. Till 12:54 pm, a combined 64,584 equity shares had changed hands and there were pending sell orders for 9,11,397 shares on the BSE and NSE. READ MORE

2:32 PM

Global markets check

Asian stocks tracked Wall Street losses on Thursday as the latest exchanges between Beijing and Washington signalled the heightened risk of a prolonged trade war, stoking investors’ concerns about the impact on global economic growth.

European stock futures were higher in early trade, trimming some losses after falling sharply the previous day. The pan-region Euro Stoxx 50 futures were up 0.46%, German DAX futures edge up 0.34% and FTSE futures gained 0.25%.

The Shanghai Composite Index fell 0.7 per cent and Hong Kong’s Hang Seng lost 0.4 per cent. Japan’s Nikkei was down 0.5 per cent and Australian stocks shed 0.85 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped to a fresh four-month low before finding a bit of traction to edge up 0.1 per cent.

(Reuters)

2:30 PM

Crude oil update

Oil prices rose on Thursday after an industry report showed a bigger-than-expected decline in U.S. crude inventories, although concerns that the U.S.-China trade war will trigger an economic downturn kept a lid on gains.

Brent crude futures, the international benchmark for oil prices, were at $69.85 per barrel, up 40 cents, or 0.6 per cent, from their last close. Brent fell nearly 1 per cent in the previous session. US West Texas Intermediate (WTI) crude futures were up 48 cents, or 0.8 per cent, at $59.29 a barrel.

2:16 PM

ALERT :: Sunil Godhwani, former Religare chairman, stopped at Delhi airport; not allowed to fly abroad: BTVi

Godhwani has been accused of committing fraud at Religare and Fortis Group companies: reports

2:12 PM

NEWS ALERT | Fresh Bids Called For Bankrupt Amtek Auto till June 28: BTVi

- NCLAT To Next Hear Case On July 18, Consider Offers For Amtek Auto

 

- 6 Cos Have Shown Interest In Amtek Auto Assets, Submitted EoIs

- SG Capital, Mahindra CIE Automotive, Alchemist ARC Interested In Amtek Auto

 

- Cerberus Capital, PE Fund AION, Kotak Investment Advisors Interested In Amtek Auto

1:57 PM

NEWS ALERT | Jaypee Infra Committee of Creditors meeting held today, reports CNBC TV18

- NBCC makes minor changes to resolution plan with respect to unsold inventory versus five key changes proposed by banks

- CoC to put NBCC bid to vote starting tomorrow as per NCLAT orders

1:48 PM

Reliance Infra slips over 7%

1:33 PM

Nifty Private Bank index gains in trade

1:26 PM

Provoking trade disputes is 'naked economic terrorism': China tells US

China accused the United States of "naked economic terrorism" on Thursday as Beijing ramps up the rhetoric in their trade war.

 

The world's top two economies are at loggerheads as trade talks have apparently stalled, with President Donald Trump hiking tariffs on Chinese goods earlier this month and blacklisting telecom giant Huawei. READ MORE

1:23 PM

Indiabulls Ventures leads the Nifty Financial Services index

1:18 PM

Sun Pharma dips 2%

1:12 PM

NEWS ALERT | DHFL denies any communication being received from ED: CNBC TV18

12:56 PM

PC Jeweller extends fall ahead of Q4 results; stock slips 25% in four days

Shares of PC Jeweller were trading lower for the fourth straight day, slipped 10 per cent to Rs 77.80 on the National Stock Exchange (NSE) on Thursday on the back of heavy volumes in an otherwise firm market, ahead of March quarter results today. Till 12:33 pm, a combined 47 million shares, representing 12 per cent to the company's total equity, have changed hands on the NSE and BSE. READ MORE

12:37 PM

Elara Capital on Punjab National Bank

Rating: ACCUMULATE

 

Target Price : Rs 86

 

CMP : Rs 82 

Asset quality appears to be improving with contained slippages and huge recovery in FY19. Also, In FY20, delinquency would come down further and NPL recovery would be high along with provisions write-back and realization from non-core investments. The bank’s core capital could be below mandatory mark by end-FY20. We expect a ROA of 46bp in FY20E & 81bp in FY21E; hence, we reiterate our Accumulate rating with a revised TP of INR 86 from INR 77 on 0.85x (from 0.70x) one-year forward P/ABV and add PNB HFC’s and PNB MetLife Insurance combined value of INR 13 per share from INR 16 per share. A key concern to our rating is post one-time huge NPL recovery, amalgamation would be a major event and could change the sentiment subject to banks to be merged with PNB.

12:34 PM

Market breadth in favour of advance

12:23 PM

NEWS ALERT| Full budget for FY20 likely in July first week: CNBC TV18

12:18 PM

Here's why US' currency manipulator watchlist is immaterial for India

India's exclusion from the US' currency manipulator watchlist won't come as a great benefit for India, just as inclusion in the list a year ago did not much of a harm.

 

The inclusion is a pressure tactic, and is mainly targeted at China, say experts. Interestingly, the US didn’t found any country as a currency manipulator, including China. But China now features in the watchlist, with eight others. The reference of India has been dropped from this watchlist. READ MORE

12:17 PM

Stocks that hit 52-week high on S&P BSE Sensex

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
DEEPAK NITRITE	317.50	322.00	3.90	1.24
INFO EDG.(INDIA)	2105.00	2107.00	52.40	2.55
PRESTIGE ESTATES	289.90	313.00	-13.20	-4.35
SHREE CEMENT	21740.00	21899.85	128.45	0.59
VINATI ORGANICS	2119.50	2135.50	41.45	1.99

12:00 PM

MARKET CHECK