MARKET WRAP: Sensex rises 299 pts, Nifty reclaims 11,000 led by IT, banks

The Nifty IT index settled 2.4 per cent higher led by a rally in Infibeam Avenues, Tata Consultancy Services (TCS) and Infosys. The Nifty PSU Bank ended 3.6 per cent higher led by IDBI and Indian Bank

3:41 PM

Sectoral trends on NSE

3:41 PM

BSE Sensex: Top gainers & losers

3:40 PM

Market at close

 

The S&P BSE Sensex gained 299 points to close at 36,526 while NSE's Nifty50 index recliamed 11,000 level to settle at 11,008, up 78 points. 

3:19 PM

Top gainers in BSE500:

COMPANY	PRICE( )	CHG( )	CHG(%)	VOLUME
LAK. VILAS BANK	85.20	14.15	19.92	907392
IL&FS TRANSPORT	26.60	4.05	17.96	919978
INFIBEAM AVENUES	69.00	10.20	17.35	13446158
DEWAN HSG. FIN.	316.45	41.05	14.91	3787225
SREI INFRA. FIN.	36.05	3.70	11.44	940089

3:13 PM

Buzzing Stocks: YES Bank up 20% from day's lows

3:02 PM

Nifty PSU Bank index trading over 3 per cent higher. Top gainers:

COMPANY	LATEST	PREV CLOSE	GAIN( )	GAIN(%)	VOLUME
IDBI BANK	53.80	50.20	3.60	7.17	11741913
INDIAN BANK	243.65	227.40	16.25	7.15	2272093
PUNJAB NATL.BANK	62.55	59.70	2.85	4.77	33370548
UNION BANK (I)	68.85	65.75	3.10	4.71	8329813
BANK OF BARODA	103.30	99.50	3.80	3.82	25823528

2:46 PM

IL&FS Group shares in focus; ITNL, IL&FS Engineering up 20%

Shares of Infrastructure Leasing & Financial Services (IL&FS) Group companies have rallied by up to 20% after the IL&FS said that it will develop a comprehensive restructuring plan to repay its liabilities. READ MORE

2:33 PM

Lakshmi Vilas Bank up 20% after business update

Shares of Lakshmi Vilas Bank (LVB) is locked in upper circuit of 20 per cent at Rs 85.25 on the BSE on Monday after the bank said its asset quality slippages during the current year, have considerably moderated and the Bank has seen impressive growth in low cost CASA balances. READ MORE

2:21 PM

BSE IT index hits record high; TCS, Infosys hit new highs

Shares of information technology (IT) companies were trading higher in otherwise weak market with Tata Consultancy Services (TCS) and Infosys hitting their respective new highs on the BSE on hopes that US economic growth, rupee fall will boost Indian exports.
 

TCS (Rs 2,273) and Infosys (Rs 754) touched a record high, gaining 4% on the BSE in intra-day trade. READ MORE

2:09 PM

BSE forays into commodity derivatives with launch of gold, silver contracts

The Bombay Stock Exchange (BSE) on Monday started offering of futures trading in gold and silver contracts to mark its entry into the commodity derivatives segment and become India’s first universal stock exchange with all assets classes including equity, mutual funds, currency and commodity in its portfolio. READ MORE

1:56 PM

Market Check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	36,246.50	+19.36	+0.05
S&P BSE SENSEX 50	11,419.00	0.24	0.00
S&P BSE SENSEX Next 50	31,516.74	-257.40	-0.81
S&P BSE 100	11,127.92	-13.07	-0.12
S&P BSE Bharat 22 Index	3,443.71	-15.92	-0.46

(Source: BSE)

1:46 PM

Dr Reddy's Laboratories terminates Armis Biopharma's investigation license

 

Dr Reddy's Laboratories Ltd on Monday announced the termination of the license granted to Armis Biopharma, Inc.(formerly known as CHD Bioscience, Inc.) for its investigational antibacterial product, DFA-02, for the prophylaxis of surgical site infections (SSIs). READ MORE

1:37 PM

Govt may move to seize control of IL&FS management

 

The Indian government may move to seize control of the management of an Indian financier that’s roiled markets by defaulting on debt, according to media reports, with the move coming just after the beleaguered company unveiled details of a restructuring proposal. READ MORE

1:22 PM

Ashok Leyland reports 21% jump in M&HCV sales at 14,232 units in Sept

 

The company's Light Commercial Vehicle (LCVs) sales rose by 44 per cent, 5141 units from 3,566 units, a year ago. Total sales in September 2018 rose by 26 per cent to 19,373 units from 15,371 units in September 2017. READ MORE

1:07 PM

Maruti Suzuki stock slips to fresh 52-week low

 

The stock price of Maruti Suzuki, country’s biggest car maker slipped to a fresh 52-week low today after the company reported a growth of less than a per cent in domestic sales for the month of September. Ahead of the festive season in October, September was anticipated to be a month of high growth in sales. READ MORE

12:51 PM

NEWS ALERT

 

September GST collections stood at Rs 94,442 cr against Rs 93,690 cr in Aug

12:44 PM

Advance-decline ratio at multi-year lows; Nifty midcaps, smallcaps fall

The advance-decline ratio, a key indicator for market breadth, has dropped to multi-year lows. It stood at 0.1 per cent, with only 183 stocks advancing and 1,658 declining on the National Stock Exchange (NSE) in September. Such a weak market breadth was seen after the 2008 Global Financial Crisis.

 

The broader market stocks witnessed a huge correction in September with the Nifty Midcap 100 index dropping 14 per cent and Nifty Smallcap 100 index plunging 20 per cent. It was the biggest monthly fall for the two indices since October 2008. READ MORE

12:29 PM

H1 FY19 market report card: Only one stock gave over 100% returns

 

The first six months of FY19 have been nothing short of a roller-coaster for the domestic equity market. This has been a highly volatile period for stocks, thanks to a variety of reasons — from valuation concerns to weakening macros, liquidity tightening, foreign institutional investor (FII) outflows, increase in crude oil prices and trade tensions among the world's biggest economies. READ MORE

12:18 PM

NEWS ALERT

BSE forays into commodity derivatives with launch of gold, silver contracts

12:10 PM

India may face shortage of drugs as supplies from Chinese companies dry up

 

Apart from Vitamin C, there is currently no shortage of medicines in chemist shops, but this situation could change soon. Industry insiders say antibiotics, steroids, and other drugs are becoming hard to find because sourcing bulk drugs from China continues to remain a challenge. READ MORE

11:57 AM

152 stocks from BSE500 index hit 52-week lows

 

Adani Ports and Special Economic Zone, Bharti Airtel, Hero MotoCorp, Maruti Suzuki India, Eicher Motors and Zee Entertainment Enterprises from the S&P BSE500 index hit their respective 52-week lows on the BSE in intra-day trade on Monday. READ MORE

11:40 AM

Manufacturing activity picks up pace in Sept, PMI rises to 52.2

 

This is the 14th consecutive month that the manufacturing PMI remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. READ MORE

11:38 AM

These 5 stocks hit 52-week highs on NSE

COMPANY	LATEST	52 WK HIGH	PREV HIGH	PREV DATE	VOLUME
GANGOTRI TEXTILE	5.30	5.80	5.55	28-SEP-2018	114878
PRAKASH STEELAGE	0.65	0.65	0.60	28-SEP-2018	33113
RUCHI INFRASTR.	6.70	6.70	6.40	28-SEP-2018	19573
SPACENET ENTERPR	0.70	0.70	0.65	28-SEP-2018	14175
TCS	2243.80	2244.70	2211.90	25-SEP-2018	1298780

 

11:33 AM

NEWS ALERT

 

Japan's Nikkei 225 closes at highest level since 1991

11:18 AM

Govt to move NCLT to remove IL&FS management following serial defaults

Union government has decided to remove the management of IL&FS following serial defaults by the company and its subsidiaries to lenders. IL&FS has Rs 910 billion of debt and is unable to repay loans in the last one month. READ MORE

11:06 AM

CPSE ETF may include shares of 11 cos, rebalanced index to be ready by Oct

The new index of the CPSE Exchange Trade Fund (ETF) is likely to have shares of 11 state-owned companies, in place of 10 at present, an official said.

 

The Finance Ministry, along with investment bankers, is currently in the process of rebalancing the ETF and the new index is likely to be ready by end-October, the official added. READ MORE

10:51 AM

Infibeam Avenues turns volatile; surges over 80% in intra-day trade

Shares of Infibeam Avenues have turned volatile on Monday surging over 80% from their record low touched in early morning trade on the BSE on back of heavy volumes.
 

Infibeam Avenues has moved higher by 20% to Rs 70.55 on the BSE in intra-day, bouncing back 84% from its record low of Rs 38.40 touched in early morning trade today. READ MORE

10:37 AM

FPI outflow at 4-month high of Rs 210 bn in Sept on widening CAD, trade war

Overseas investors pulled out a massive Rs 210 billion ($3 billion) from the capital markets in September, making it the steepest outflow in four months, on widening current account deficit amid global trade tensions.  

 

The latest withdrawal comes following a net infusion of close to Rs 52 billion in the capital markets (both equity and debt) last month and Rs 23 billion in July. READ MORE

10:24 AM

More than two of every five diversified equity scheme in red in H1FY19

More than two of every five diversified equity scheme has given negative returns in the first six months of the financial year 2019. Around 45 per cent of the 408 schemes, including direct plans, have given negative returns, data from Value Research shows; 75 per cent of the schemes have underperformed the benchmarks.

 

Small-cap schemes fared the worst with average six-month returns of -11.4 per cent, while large caps emerged the best among equity schemes with returns of 6 per cent. READ MORE

10:10 AM

Brent oil rises to four-year high ahead of Iran sanctions, traders eye more hikes

Brent crude oil prices rose to their highest since November 2014 on Monday ahead of US sanctions against Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), that kick in next month.

 

Benchmark Brent crude oil futures rose to as much as $83.27 a barrel and were at $83.21 at 0339 GMT, up 48 cents, or 0.6 per cent from their last close. US West Texas Intermediate (WTI) crude futures were up 32 cents, or 0.4 per cent, at $73.57 a barrel. READ MORE