F&O expiry: Sensex surges 413 points, Nifty ends at 11,570; PSU banks rally

All that happened in markets today

3:41 PM

Top sectoral gainers and losers on NSE

3:40 PM

Top gainers and losers on S&P BSE Sensex

3:39 PM

MARKET AT CLOSE

The S&P BSE Sensex gained 413 points or 1.08 per cent to settle at 38,546 while NSE's Nifty50 index ended at 11,570 up 125 points or 1.09 per cent. 

3:14 PM

NEWS ALERT | Axis Bank joins Rs 2-trillion market-cap club

2:58 PM

March quarter boost for multiplex players PVR and Inox Leisure

Stocks of listed multiplex players PVR and Inox Leisure (Inox) were up sharply as compared to the weak broader indices on expectations of a robust March quarter and growth prospects for FY20. Even as the benchmarks ended in the red, Inox was up nearly 10 per cent while its larger peer PVR was up 2.4 per cent. READ MORE

2:47 PM

Motherson Sumi gains 2.2%

2:36 PM

Titan Company m-cap crosses Rs 1 trillion-mark; stock hits new high

Shares of Titan Company has joined the elite club of Rs 1-trillion market capitalisation (market-cap) after hitting a new high of Rs 1,129, up 1 per cent on the BSE in the intra-day trade on Thursday. The stock surpassed its previous high of Rs 1,123 touched on March 12, 2019. READ MORE

2:15 PM

Bandhan Bank jumps 7%

2:15 PM

NEWS ALERT | Gruh's acquisition will bring down promoter stake to 61%: Bandhan Bank to CNBC TV18

2:14 PM

ICICI Securities on Kewal Kiran

We met the management of Kewal Kiran Clothing to gain an insight into the company’s business outlook. Kewal Kiran is one of India’s leading branded apparel companies with popular home-grown brands like ”Killer”, ‘Integriti’, ‘Lawman’ and ‘Easies’. Though KKCL has a strong brand portfolio, revenue growth has remained sluggish over FY17-9MFY19 owing to the onslaught of discounting by e-commerce players.

KKCL has shied away from discounting its brands, leading to slower revenue growth. However, the management is looking to revive revenue growth by introducing lower priced products as brand extensions rather than diluting the original brand.

2:12 PM

Motilal Oswal on Subros

Despite the near-term sluggishness in the auto industry, the long term growth story remains attractive, given its (i) upcoming new capacity, (ii) focus on newer product and technology development like roof circulators etc., (iii) rising market share, (iv) positive impact of implementation of BS-VI, CAFE norms, EVs etc. and (v) robust pick up in the truck and radiator business.

Additionally, deleveraging of balance sheet, consistent free cash flow generation and improving return ratios, strengthens our narrative. However, we believe the stock would remain lackluster in the near-term until the auto sector revives. The stock is trading at 14.4x FY20E and 11.8x FY21E EPS. We retain Buy with a target price of Rs 386 (20x Sep’20E EPS).

2:11 PM

F&O WATCH :: OPEN INTEREST GAINERS

COMPANY	LAST PRICE(rs)	OPEN INTEREST	PREVIOUS OPEN INTEREST	CHG(%)	CONTRACTS	PREVIOUS CONTRACTS
UNITED BREWERIES	1357.40	1046500	698600	49.80	1108	4643
HAVELLS INDIA	756.00	3023000	2124000	42.33	1778	2343
BAJAJ FIN.	2964.25	2663750	1920000	38.74	7870	19791
PVR	1615.00	434000	317600	36.65	1120	2475
BHARTI AIRTEL	323.75	17969000	13249800	35.62	5854	8411

CLICK HERE FOR MORE

2:08 PM

Bank stocks rally

COMPANY	LATEST(rs)	CHG(rs)	CHG(%)	VOLUME
YES BANK	273.80	5.85	2.18	2895442
PUNJAB NATL.BANK	95.45	2.10	2.25	2314805
ST BK OF INDIA	316.85	8.80	2.86	1900332
BANK OF BARODA	129.30	7.75	6.38	1633185
IDFC FIRST BANK	54.30	0.75	1.40	1622687

1:57 PM

India's first foreign-owned bank is preparing for a $58 million IPO

Canadian investor Prem Watsa’s Indian bank has started preparations for a stock market listing this year, its chief executive said. Catholic Syrian Bank Ltd., in which Watsa’s Fairfax India Holdings Corp. received approval to take a controlling stake, is gearing up for a listing that may involve a Rs 4 billion ($58 million) initial public offering, according to Chief Executive Officer C. VR. Rajendran. READ MORE

1:47 PM

NEWS ALERT | Nifty PSU Bank hits 52-week high of 3,493, surpasses previous high of 3,448 touched on Aug 10, 2018

1:41 PM

NEWS ALERT | Nifty Bank index at record high, crosses earlier level of 30,269

1:38 PM

Dish TV rises 8%

1:28 PM

Sectoral trends on NSE

1:22 PM

NEWS ALERT | S&P lowers EU GDP growth forecast for 2019 to 1.1%: TV

1:15 PM

Plans for blockbuster cryptocurrency IPO shelved amid bitcoin slump

The world's largest maker of cryptocurrency mining chips has shelved plans for an ambitious initial public offering in Hong Kong, becoming the latest victim of bitcoin's price plunge. Bitmain Technologies said Tuesday it has allowed its IPO application to lapse, six months after it was initially filed in September aiming to raise up to $3 billion, according to Bloomberg News. READ MORE

1:05 PM

Index contributors today (BSE Sensex)

12:52 PM

F&O cues: Positive rollover may help Nifty cross 11,600 comfortably

With the Nifty50 index witnessing selling pressure around 11,550 levels, the next month scenario seems more exciting with turbulence hitting lower grounds. Several stocks are witnessing positive rollovers as positions switch to April expiry. READ MORE

12:35 PM

Only MF that has filed cases against wilful defaulters sees some recoveries

The oldest mutual fund in the country is also the only one to figure in the list of institutions who have filed cases against wilful defaulters. UTI mutual fund has 27 cases with an amount of Rs 252.6 crore outstanding, according to data from TransUnion Cibil, which maintains a database of such cases. READ MORE

12:25 PM

Allahabad Bank trading over 5% up

12:07 PM

NEWS ALERT | Moody's assigns 'Baa3' issuer rating to IndusInd Bank: Reuters

12:04 PM

NEWS ALERT: Etihad Air in preliminary talks with lenders to potentially bid for Jet: TV

12:02 PM

Market check

11:52 AM

Heatmap: S&P BSE Sensex

11:42 AM

Sun Pharma up 2%

11:29 AM

DHFL gains 14% on reports of Piramal, Baring PE eyeing majority stake

Shares of Dewan Housing Finance Corporation (DHFL) moved 14 per cent higher to Rs 155 in intra-day trade on the BSE on Thursday on back of heavy volumes after reports emerged that Piramal Group and Baring Private Equity (PE) were in advanced stage of negotiations to acquire majority stake in the housing finance company. READ MORE