Indices close at record highs; Sensex ends above 40k-mark for first time

All that happened in the stock market

4:00 PM

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

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ASTRAL POLY	1330.00	1349.00	8.40	0.64
ATUL	3996.20	4090.00	-50.85	-1.26
BAJAJ FINSERV	8335.00	8350.00	155.15	1.90
BLUE STAR	798.00	812.00	-8.30	-1.03
CENTURY TEXTILES	1065.95	1066.55	42.55	4.16

3:59 PM

Top gainers on BSE500

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
INFO EDG.(INDIA)	2283.00	243.50	11.94	48462
APOLLO HOSPITALS	1356.20	116.60	9.41	265387
PAGE INDUSTRIES	20950.00	1262.40	6.41	5776
CAPLIN POINT LAB	430.35	25.70	6.35	12402
INDIABULLS VENT.	313.00	18.05	6.12	213451

3:58 PM

Heatmap: S&P BSE Sensex

3:58 PM

Nifty sectoral indices at close

3:57 PM

Market at close

3:37 PM

Market at close

The S&P BSE Sensex ended at 40,268, up 553 points while the broader Nifty50 index settled at 12,089, up 166 points.

3:17 PM

Info Edge zooms 13%

2:58 PM

Page Industries gains over 6%

2:58 PM

NEWS ALERT | Gold prices hit two-month high on recession concerns: Reuters

- Spot gold was up 0.7% at $1,314.11 per ounce at 1:15 pm, after touching its highest since March 27 at $1,314.33.

 

- US gold futures rose 0.6% to $1,319.40 an ounce.

- Gold prices rose on Monday to their highest in more than two months as heightened Sino-U.S. trade tensions and Washington’s threat of tariffs on Mexico stoked worries of a global recession.

2:56 PM

Triveni Engineering & Industries is trading over 9% higher

2:54 PM

NEWS ALERT | Triveni Engg board approves share buyback for up to 1 cr shares: CNBC TV18

- Price of each share at Rs 100

2:45 PM

NEWS ALERT | Look to start India-specific index for Broadband: Ravi Shankar Prasad

- Will start trial within 100 days.

- Also plan to start 1 lakh digital villages

(As reported by CNBC TV18)

2:44 PM

Adani Gas, Gujarat Gas, IGL ride strong Q4 earnings to hit record highs

Shares of gas distribution companies – Adani Gas, Gujarat Gas Company and Indraprastha Gas (IGL) – hit their respective record highs on the BSE on Monday, after reporting strong earnings in March quarter (Q4FY19). Adani Gas rallied 9 per cent intra-day to quote Rs 180 apiece during the afternoon session, extending its previous week’s gaining streak of 21 per cent. The Gautam Adani-led city gas distribution (CGD) company logged a 91 per cent year-on-year (Y-o-Y) growth in consolidated net profit at Rs 75.75 crore in Q4FY19 from Rs 39.65 crore in previous year quarter. READ MORE

2:42 PM

Over 6,800 cases of bank fraud involving Rs 71,500 crore in 2018-19: RBI

As many as 6,801 cases of fraud were reported by scheduled commercial banks and select financial institutions involving an amount of Rs 71,542.93 crore in the last fiscal (increase of over 73 per cent in the fraud amount), the Reserve Bank of India (RBI) said in reply to an RTI query filed by this PTI journalist.

 

In the last 11 fiscal years, a total of 53,334 cases of fraud were reported by banks involving a massive amount of Rs 2.05 lakh crore, the central bank's data said. READ MORE

2:36 PM

Market breadth in favour of advance

2:35 PM

Market check | Sensex surges 500 pts

2:27 PM

Reliance Industries rises 1.6%

2:25 PM

NEWS ALERT | RBI approves appointment of Rakesh Makhija as non-executive chairman of Axis Bank, reports CNBC TV18

2:25 PM

Crude extends losses; WTI drops over 1%

Image credit: oilprice.com

2:08 PM

NEWS ALERT | Sensex, Nifty hit fresh all-time highs of 40,140.27 and 12,050, respectively

2:00 PM

HDFC Securities on Lemon Tree Hotels

CMP: Rs 74

 

Target Price: Rs 72

 

Rating: Neutral

 

Healthy room growth, geographic diversion and improving mix of keys in demand dense higher ARR markets to drive strong growth. Led by the above factors, EBITDA is set to triple over FY19-23E from Rs 1.7bn to ~Rs 5bn. That said LTHL’s rich valuation at 30/24 x FY20/21E EV/EBITDA leaves limited margin of safety. Valuation would look more expensive on proportionate ownership basis in subsidiaries (~75%).

1:57 PM

Anand Rathi on Ahluwalia Contracts (India)

Factoring in the delays in timelines for the Charbagh railway re-development and the Kolkata-seater-extension projects, we lower our estimates. We also factor in the real-estate-inventory liquidation at below book value. Consequently, our FY20e earnings are down ~12% (and ~3% for FY21). At the CMP, the stock trades at PER (excl. the Kota asset) at 15.7x FY20e and 12.8x FY21e. Risk: Any slower-than-expected project execution.

1:49 PM

NEWS ALERT | 5 lakh WiFi spots will be established on fast track basis: Ravi Shankar Prasad

1:47 PM

NEWS ALERT | Want to hold telecom spectrum auction by December end: Ravi Shankar Prasad, telecom minister

1:43 PM

With enough cash in hand, SpiceJet may evaluate 'several offers' for stake

“SpiceJet has enough cash,” Ajay Singh said in an interview, while attending an industry conference in Seoul. “We have to see if this serves SpiceJet’s long-term interests, and when we come to that determination, we’ll do something. These are typical in a situation when an airline is doing well and the market is as promising as India.” READ MORE

1:38 PM

Hero MotoCorp gains over 5%

1:35 PM

Modi's victory in Lok Sabha polls makes rupee double-edged sword for RBI

The rupee could be set to gain as Prime Minister Narendra Modi’s sweeping election victory boosts foreign inflows. That may present a dilemma for India’s central bank, analysts said.

 

The rupee is emerging Asia’s top performer in the past three months, thanks to the gush of foreign cash. With inflows poised to accelerate after the election result, the Reserve Bank of India may have to rein in the currency or risk making the nation’s exports less competitive as rival currencies weaken. READ MORE

1:29 PM

TTML zooms 71% in one week on Q4 profit, fundraising plan of Rs 35K crore

Shares of Tata Teleservices (Maharashtra) (TTML) were locked in the upper circuit for second straight session on Monday, having jumped 10 per cent intra-day to hit Rs 4.57 apiece. It has surged 71 per cent in the past one week on the BSE after the company reported net profit of Rs 580 crore in March quarter (Q4FY19) against a net loss of Rs 680 crore last year.

 

The company also reported an exceptional gain of Rs 510 crores on partial reversal of impairment, recorded during the previous year. READ MORE

1:26 PM

Bank of Baroda falls over 2.5%

1:22 PM

NEWS ALERT | Govt needs to aggressively push for economy revival: CII to CNBC TV18