MARKET WRAP: Sensex gains 370 pts, Nifty ends at 11,787; Adani Green up 18%

All that happened in markets today.

4:08 PM

NEWS ALERT | Competition Commission approves merger of Gruh Finance with Bandhan Bank

3:45 PM

Sectoral gainers and losers on NSE

3:45 PM

Top gainers and losers on S&P BSE Sensex

3:41 PM

MARKET AT CLOSE

The S&P BSE Sensex gained 370 points or 0.95 per cent to end at 39,276, while the broader Nifty50 index of the National Stock Exchange (NSE) added 97 points or 0.83 per cent to end at 11,787. 

2:46 PM

NEWS ALERT | Mastek announces final dividend of Rs 5/share

2:45 PM

Cement stocks trade higher

COMPANY	LATEST(rs)	CHG(rs)	CHG(%)	VOLUME
INDIA CEMENTS	113.20	1.40	1.25	282366
AMBUJA CEM.	231.10	3.00	1.32	63145
PRISM JOHNSON	101.00	2.80	2.85	59553
ACC	1698.15	23.45	1.40	41125
HEIDELBERG CEM.	179.00	-1.85	-1.02	21869

2:42 PM

Nifty Realty, the only index to be in red, down by over 1%

2:35 PM

NEWS ALERT | Lupin receives USFDA approval for Fluoxetine Tablets USP

2:29 PM

NEWS ALERT | Lenders not looking at taking Jet Airways to NCLT, reports CNBC TV18 quoting Govt official

2:23 PM

Stocks that hit 52-week high on BSE500

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ASTRAZENECA PHAR	2290.15	2349.90	26.50	1.17
BAJAJ FINSERV	7592.20	7611.00	82.85	1.10
BATA INDIA	1433.70	1439.20	20.45	1.45
DR LAL PATHLABS	1063.50	1150.00	5.25	0.50
GILLETTE INDIA	7825.00	7906.00	49.45	0.64

2:14 PM

Mindtree Q4 preview: Commentary on L&T's takeover bid, growth guidance key

Mindtree, the midcap IT company, is slated to unveil its March quarter results of the financial year 2018-19 (4QFY19) on Wednesday. The firm is expected to deliver steady revenue growth; however, EBIT margin may see some pressure due to an increase in investments in digital talents. Management commentary on the ongoing tussle between Larsen & Toubro and Mindtree’s promoters will be be closely tracked. READ MORE

2:03 PM

NEWS ALERT | Nifty hits 11,800 for the first time

1:58 PM

Nifty Private Bank index is trading over 1.5% higher

1:48 PM

Attractive valuations, improving retail realty demand to prop PNB Housing

The stock of PNB Housing Finance fell by about 7 per cent in the last one month while its peers were up were up 2-4 per cent during that period. The former now trades at 1.6 times its FY20 estimated book value, a 58 per cent discount to its three-year average. Stake sale by the parent Punjab National Bank, when the entire sector has been reeling under liquidity issues, has also hurt investor sentiment. READ MORE

1:37 PM

Heatmap: S&P BSE Sensex

1:28 PM

NEWS ALERT | Final call on temporary shut down of operations by Jet Airways could be taken in the evening

1:27 PM

NEWS ALERT | Jet Airways' CEO, Vinay Dube, authorised to talk to lenders for funding, reports CNBC TV18

1:25 PM

Jet Airways nosedives over 18% on reports it may temporarily shut down ops

Jet Airways stock plunged as much as 18.56 per cent to Rs 213.20 in the afternoon trade on Tuesday after reports suggested the airline may shut down its operations temporarily. Reports also suggested that founder Naresh Goyal has withdrawn from the bidding process. READ MORE

1:16 PM

Aviation stocks in focus | SpiceJet, IndiGo near 52-week high after reports suggested Jet Airways might temporarily shut operations

SpiceJet shares surged up to 8 per cent while InterGlobe Aviation, parent of IndiGo, also gained on the expectation of higher yield due to the capacity reduction of Jet Airways.

 

India’s first private airline Jet Airways is headed towards a total grounding as management, during its board meeting on Tuesday, said that the airline would no longer be able to operate due to paucity of funds. READ MORE

1:15 PM

Nifty Bank index is trading over 1.3% higher

1:04 PM

NEWS ALERT | Naresh Goyal exits from Jet Airways' race as Etihad Airways, TPG threaten to walk out, reports ET Now

12:58 PM

NEWS ALERT | Jet Airways' stock tanks 12% on reports on temporary suspension of operation

12:55 PM

NEWS ALERT | Jet Airways likely to shut operations temporarily, reports CNBC TV-18 quoting sources

12:52 PM

NEWS ALERT | PNB MD says lenders committed to Jet revival; SBI, SBICAP working on revival package

12:48 PM

NEWS ALERT | Jet Airways board meet concludes: CNBC TV-18 reports

12:31 PM

ALERT :: Market holiday

Stock market will remain closed tomorrow, April 17, on account of Mahavir Jayanti

12:22 PM

ICICI Bank rises over 3% after Goldman Sachs hikes target price on stock

ICICI Bank shares rose over 3 per cent in intra-day trade on the BSE, marking their biggest intraday per cent gain since March 12, after global financial firm Goldman Sachs hiked the target price on the stock. Goldman Sachs raised the price target on the stock to Rs 492 from Rs 451 and maintained 'buy' rating, saying that ICICI Bank's strong deposit franchise, lower cost of funds put the company at an advantage, a media report said. READ MORE

12:13 PM

Market check

11:54 AM

SpiceJet, Indigo near 52-week highs as Jet Airways stares at shutdown

SpiceJet shares surged up to 8 per cent while InterGlobe Aviation, parent of IndiGo, also gained on the expectation of higher yield due to the capacity reduction of Jet Airways. India’s first private airline Jet Airways is headed towards a total grounding and a decision could be taken as early as Tuesday after a meeting of its board of directors, Business Standard reported. READ MORE

11:51 AM

NEWS ALERT | Fortis Malar promoter releases entire pledge on 62.71% stake