Sensex holds 39k ahead of Lok Sabha poll result; India VIX hits 4-yr high

All that happened in the stock market ahead of 2019 Lok Sabha election outcome on May 23

3:47 PM

Top gainers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
TIMKEN INDIA	666.45	111.05	19.99	81475
RELIANCE POWER	7.85	0.93	13.44	12256657
NAVA BHARAT VENT	103.10	9.55	10.21	140849
CAPLIN POINT LAB	399.50	34.30	9.39	35387
BHARAT FINANCIAL	957.70	65.00	7.28	107750

3:46 PM

Market at close

3:46 PM

Heatmap: S&P BSE Sensex

3:34 PM

Market at close

The S&P BSE Sensex ended at 39,110, up 140 points while the broader Nifty50 index settled at 11,738, up 29 points.

3:20 PM

Bank stocks trade mixed

COMPANY NAME	LATEST	HIGH	LOW	CHG (rs)	CHG(%)
YES BANK	137.10	141.55	135.45	-3.90	-2.77
IDBI BANK	36.40	36.45	34.65	0.95	2.68
PUNJAB NATL.BANK	84.45	85.80	82.70	-1.70	-1.97
ST BK OF INDIA	340.05	341.00	333.55	2.50	0.74
BANK OF BARODA	126.25	128.25	125.00	0.90	0.72

3:11 PM

Bharti Infratel slips in trade

3:03 PM

Jet Airways soars over 7%

2:58 PM

Fading political uncertainty in India raises hopes of an economic rebound

India's economy showed nascent signs of a recovery in April as a general election got underway, helping to somewhat lift the political uncertainty holding back investments.

 

Overall activity from eight high-frequency indicators compiled by Bloomberg News suggest the economy picked up slightly last month, with the dot moving one notch to the right. The dashboard is a measure of “animal spirits,” a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action. READ MORE

2:46 PM

Reliance Power climbs over 5.5%

2:35 PM

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

COMPANY	PRICE(rs)	52 WK LOW	CHG(rs)	CHG(%)
AMARA RAJA BATT.	616.25	603.25	-11.85	-1.89
DHANUKA AGRITECH	360.00	355.00	-5.45	-1.49
ERIS LIFESCIENCE	572.20	565.25	-32.65	-5.40
FORTIS HEALTH.	125.95	124.70	0.35	0.28
JUBILANT LIFE	520.00	516.00	-17.40	-3.24

2:16 PM

Nifty Bank index is trading 1 per cent higher

1:59 PM

MARKET CHECK

1:50 PM

Symphony Q4 result: Ebitda margin at 12.3% vs 28.3% YoY

1:50 PM

Symphony Q4 results: Ebitda down 42% at Rs 29 cr YoY

1:48 PM

Symphony Q4 results: One-time loss at Rs 20 cr

1:48 PM

Symphony Q4 results: Revenue up 32.8% at Rs 235 cr vs 177 cr (YoY)

1:47 PM

Symphony Q4 results: Net profit down 89.7% at Rs 4 cr vs Rs 39 cr YoY

1:44 PM

Top 3 HFCs struggle as liquidity tightens: should you buy their stocks?

Reserve Bank of India's (RBI) statement that some large non-banking finance companies (NBFCs) may be battling to remain solvent is another blow to the sector amid tight liquidity conditions.

 

Stocks of Indiabulls Housing, Dewan Housing and PNB Housing, the third, fourth and the fifth largest players, respectively, in the housing finance (HFC) space are under pressure. For Dewan Housing, some adverse developments with respect to its deposit book caused the stock spiral downwards by 13 per cent, while the other two stocks were down about 1-3 per cent during early Wednesday. READ MORE 

1:40 PM

NEWS ALERT | Ramco Cements Q4 result

- Net profit at Rs 165.4 crore

- Revenue at Rs 1,532.5 crore

1:38 PM

IndusInd Bank Q4 NIM falls to 15-quarter low

1:37 PM

IndusInd Bank shares fall over 2% post Q4 results

1:34 PM

Underlying growth for the bank remains very strong: Romesh Sobti, MD & CEO, IndusInd Bank

1:32 PM

NEWS ALERT | Romesh Sobti, MD & CEO, IndusInd Bank says-

- Provision to IL&FS at Rs 1,274 crore

- Nearing completion of merger with Bharat Financial Inclusion

- Loan growth at 28.6% y-o-y

- NIM at 3.59% against 3.83% QoQ

1:30 PM

Larsen & Toubro scales new high, up 12% in a week; m-cap touches Rs 2.07 tn

In the past six trading sessions, L&T has outperformed the market by surging 12 per cent, as compared to a 5 per cent rise in the benchmark S&P BSE Sensex. Thus far, however, in the current calendar year, the stock has underperformed with gain of 2 per cent against an 8 per cent rally in the benchmark index. READ MORE

1:25 PM

NEWS ALERT | Cipla board approves to raise Rs 60,000 crore

1:25 PM

Result impact | Cipla gains over 2% after Q4 result beats estimates

1:23 PM

Result impact | IndusInd Bank slips nearly 2%

1:21 PM

NEWS ALERT | Cipla Q4 result

- Consolidated net profit at Rs 367.2 crore

- Cons revenue at Rs 4404 crore

- Ebit at Rs 961 crore

1:19 PM

NEWS ALERT | IndusInd Bank Q4 result

- Provision to exposure to IL&FS increased 70%

- Net NPA at Rs 2248 crore, ratio at 1.21%

- Gross NPA at Rs3,947 crore, ratio at 2.1%

1:17 PM

NEWS ALERT | IndusInd Bank Q4 result

- Net profitt at Rs 360.1 crore

- Net Interest Income at Rs 2,232.4 crore