MARKET WRAP: Indices end flat, Sensex up 61 pts; YES Bank zooms 26%
All that happened in markets today
 "Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters")
In the broader market, the S&P BSE MidCap index ended 0.3 per cent higher at 14,571 levels
Worries over economic slowdown owing to Coronavirus outbreak continued to weigh on the investor sentiment Thursday as equities once failed to retain early gains and ended flat.
The S&P BSE Sensex ended at 38,471, up 61 points or 0.16 per cent. TCS, HUL, Bharti Airtel and HCL Tech were the major contributors to the index's gains. During the day, the index hit a high and low of 38,887.80 and 38,386.68, respectively.
NSE's Nifty 50 ended at 11,269, up 18 points or 0.16 per cent.
YES Bank had a field day today as the stock ended 26 per cent higher at Rs 36.85 apiece on the BSE after news reports suggested the government has approved a plan for State Bank of India to lead a consortium that will buy stake in YES Bank. SBI, on the other hnad, ended over 1 per cent higher at Rs 288.3 apiece. READ MORE
In the broader market, the S&P BSE MidCap index ended 0.3 per cent higher at 14,571 levels while the S&P BSE SmallCap index gained 0.29 per cent to settle at 13,591 levels.
On the sectoral front, PSU banks and FMCG stocks made decent gains while realty, metal. and media counters suffered losses. Nifty PSU Bank index added 1.39 per cent to 1,892 levels while Nifty FMCG ended at 29,530.50, up 1 per cent.
Global Markets
Asian shares rallied for a fourth straight session on Thursday as US markets swung sharply higher and another dose of central bank stimulus offered some salve for the global economic outlook. Asian markets followed, if more cautiously. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.7 per cent, in its fourth day of gains.
Japan's Nikkei rose 0.9 per cent and hard-hit Australian shares finally managed a bounce of 1.1 per cent. Shanghai blue chips put on 1.3 per cent.
In commodity markets, oil prices rebounded by more than 1 per cent on a smaller-than-expected rise in crude oil inventories in the United States.
(With inputs from Reuters)
4:07 PM
MARKET COMMENT | Vinod Nair, Head of Research at Geojit Financial Services
Fund allocated by IMF and easing monetary measures is marginally supporting global markets but India is underperforming due to suspected virus cases. Foreign investors continued to sell with a notion that epidemic effect will be more on emerging markets. Volatility is expected to persist, issues related to telecom and weak asset quality of banks could hurt market for short to medium term.
3:41 PM
Sectoral gainers and losers on the NSE
3:40 PM
MARKET AT CLOSE | Top gainers and losers on the S&P BSE Sensex
3:35 PM
CLOSING BELL
The S&P BSE Sensex added 61 points or 0.16 per cent to end at 38,471 while NSE's Nifty50 ended at 11,269, up 18 points or 0.16 per cent.
3:24 PM
NEWS ALERT | RBI Deputy Guv NS Vishwanathan seeks early retirement on health grounds: CNBC-TV18
3:21 PM
NEWS ALERT | FDC gains 8% on BSE after around 1 mn shares or 0.59% stake change hands via block deal
3:17 PM
BROKERAGE RADAR | HDFC Securities on Cement sector
The recent surge in op margins for north/central/Gujarat (NCG) based cement companies is sustainable on structural tailwinds. Capacity consolidation these regions is further firming up and utilisation is also expected to hold above 80%. These should support strong pricing in the region to sustain, bolstering profitability outlook. Hence, we remain bullish on the companies with large exposure to these markets. The benefits of subdued petcoke and diesel prices should accrue to the whole industry. UltraTech and JK Cement remain our top-picks in the sector.
3:08 PM
MARKET CHECK
2:50 PM
Global Markets check
European shares rose for a fourth straight session on Thursday, as the action taken this week by several major central banks to ease the impact of the coronavirus outbreak on growth fed through into financial markets.
The main European equity benchmark rose 0.6 per cent, showing steady gains for the first time since a market rout in late February.
London shares, however, were up just 0.06 per cent as the Bank of England's next governor Andrew Bailey said it should wait for more clarity about the economic hit from the outbreak before making any decision to cut rates.
Asian shares also rallied. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.7 per cent, in its fourth day of gains. Japan's Nikkei rose 0.9 per cent and hard-hit Australian shares finally managed a bounce of 1.1 per cent. Shanghai blue chips put on 1.3 per cent.
(Reuters)
The main European equity benchmark rose 0.6 per cent, showing steady gains for the first time since a market rout in late February.
London shares, however, were up just 0.06 per cent as the Bank of England's next governor Andrew Bailey said it should wait for more clarity about the economic hit from the outbreak before making any decision to cut rates.
Asian shares also rallied. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.7 per cent, in its fourth day of gains. Japan's Nikkei rose 0.9 per cent and hard-hit Australian shares finally managed a bounce of 1.1 per cent. Shanghai blue chips put on 1.3 per cent.
(Reuters)
2:44 PM
» More on 52 Week High
BSE500 stocks that hit 52-week high today
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(%) |
|---|---|---|---|
| AJANTA PHARMA | 1482.35 | 1543.70 | -1.91 |
| DABUR INDIA | 520.35 | 525.30 | 1.10 |
| PIDILITE INDS. | 1628.20 | 1644.75 | 2.82 |
Topics : Markets MARKET WRAP
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First Published: Mar 05 2020 | 7:39 AM IST