MARKET WRAP: Indices end at record closing high, Sensex climbs 260 pts
All that happened in the markets today
 "A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai")
Indian equities hit fresh lifetime highs on Monday supported by positive global and domestic cues. The official signing of Phase-1 of US-China trade deal, scheduled for January 15, coupled with recovery in the industrial production data lifted sentiment at D-Street today. Besides, healthy December quarter numbers by IT bellwether Infosys and appreciation of rupee to a one-month high kept sentiment buoyed.
Market participants were, however, eyeing consumer price index (CPI) inflation numbers for the month of December, slated to be released later in the evening.
The benchmark S&P BSE Sensex scaled fresh peak of 41,899.63 in the early morning trade on Monday. The 30-share pack, however, settled the day at record closing high of 41,859.69 level, up 259.97 points or 0.62 per cent. Infosys closed the day as the top gainer, up over 4.5 per cent, followed by IndusInd Bank, Bharti Airtel, and HUL. On the downside, Tata Consultancy Services (TCS), SBI, and Axis Bank settled as top losers.
On the NSE, the broader Nifty50, too, hit a record high of 12,337.75, surpassing its previous high of 12,311 hit on Friday, January 10. At close, the index was at 12,329 level, up 72.20 points or 0.59 per cent.
Sectorally, all key indices managed to settle the day in the green. Nifty Realty index charged ahead during the fag-end of the session to close nearly 2 per cent higher. NIfty IT and FMCG indices were the second-best sectoral indices today, up over 1 per cent.
The broader markets outperformed the benchmarks today with the S&P BSE mid-cap index gaining for the fifth straight day to settle 0.80 per cent higher at 15,280.20 level. The S&P BSE small-cap index, on the other hand, edged 0.93 per cent higher at 14,277.58.
GLOBAL CUES
Asian shares shook off a quiet start to reach new 19-month highs on Monday ahead of the expected signing of a Phase 1 China-US trade deal.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.61 per cent higher, touching its highest point since June 2018. South Korea’s trade-sensitive Kospi added 1.01 per cent and Hong Kong’s Hang Seng was up 0.95 per cent.
The benchmark European STOXX 600 index was up 0.02% by 1:40 pm.
(With inputs from Reuters)
3:47 PM
Nifty snapshot at close
3:47 PM
Sensex heatmap at close
3:46 PM
Closing Bell
>> The benchmark S&P BSE Sense scaled fresh peak of 41,899.63 in the early morning trade on Monday. The 30-share pack, however, settled the day at 41,859.69 level, up 259.97 points or 0.62 per cent.
>> On the NSE, the broader Nifty50, too, hit a record high of 12,337.75, suprassing its previous high of 12,311 hit on Friday, January 10. At close, the index was at 12,329 level, up 72.20 points or 0.59 per cent.
>> On the NSE, the broader Nifty50, too, hit a record high of 12,337.75, suprassing its previous high of 12,311 hit on Friday, January 10. At close, the index was at 12,329 level, up 72.20 points or 0.59 per cent.
3:46 PM
BLOCK DEAL ALERT
>> Power Grid :: 0.2% equity exchanged
>> Avenue Supermarts :: 0.5% equity exchanged
>> HDFC Bank :: 40.7 lakh shares worth Rs 523 cr trade in 2 blocks on BSE at Rs 1,287.25
(As reported by CNBC TV18)
>> Avenue Supermarts :: 0.5% equity exchanged
>> HDFC Bank :: 40.7 lakh shares worth Rs 523 cr trade in 2 blocks on BSE at Rs 1,287.25
(As reported by CNBC TV18)
3:24 PM
Govt imposes anti-subsidy duty on copper wire rods import from 4 nations
In a notification, the finance ministry said that it has imposed the anti-subsidy or countervailing duty after considering the final findings of the commerce ministry's investigating arm Directorate General of Trade Remedies (DGTR).
DGTR has recommended imposition of the duty on the imports of 'continuous cast copper wire rods' from these four countries. READ MORE
3:11 PM
Sector watch | Nifty Realty index rises nearly 2%
2:51 PM
NEWS ALERT | BSE, NSE may suspend trading of Coffee Day Ent, CG Power
>> Companies have not complied with listing norms for consecutive quarters i.e. June 30, 2019 and September 30, 2019 and/or not paid the fine amount levied for said non-compliance.
>> The trading in securities will be suspended w.e.f. February 03, 2020.
>> The suspension will continue till such time the companies complies including the payment of fine.
Read circular here
>> The trading in securities will be suspended w.e.f. February 03, 2020.
>> The suspension will continue till such time the companies complies including the payment of fine.
Read circular here
2:43 PM
Contribution to S&P BSE Sensex's gain today
2:41 PM
No adverse findings in forensic report, say Anil Ambani's companies
Reliance Commercial Finance and Reliance Housing Finance have said forensic auditor, Grant Thornton, has not recorded any adverse findings on 11 parameters, including diversion and siphoning off of funds, and embezzlement. Both entities are part of Anil Ambani-controlled Reliance Capital. READ MORE
2:28 PM
Global Markets Check
Asian shares shook off a quiet start to reach new 19-month highs on Monday ahead of the expected signing of a Phase 1 China-US trade deal.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.61 per cent higher, touching its highest point since June 2018. South Korea’s trade-sensitive Kospi added 1.01 per cent and Hong Kong’s Hang Seng was up 0.95 per cent.
The benchmark European STOXX 600 index was up 0.02% by 1:40 pm.
(With inputs from Reuters)
The benchmark European STOXX 600 index was up 0.02% by 1:40 pm.
(With inputs from Reuters)
2:16 PM
Infosys, Wipro, Mindtree: How to trade IT stocks around Q3 results
Infosys kick-started the earnings season for information technology (IT) services firms on Friday. The company's numbers for the December quarter were broadly in line with analysts' expectations with reported revenue and net profit growth higher by two per cent and 10.6 per cent, sequentially. READ MORE
2:03 PM
» More on 52 Week High
BSE500 stocks that hit 52-week high today
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| ADITYA BIRLA CAP | 112.65 | 115.30 | 3.65 | 3.35 |
| ALKEM LAB | 2338.30 | 2350.00 | 69.20 | 3.05 |
| AMBER ENTERP. | 1239.00 | 1269.30 | 9.75 | 0.79 |
| BALKRISHNA INDS | 1028.40 | 1055.00 | -11.60 | -1.12 |
| BIRLA CORPN. | 696.85 | 712.25 | 46.50 | 7.15 |
1:54 PM
Rupee check
1:47 PM
MARKET CHECK:: Sensex off day's high
1:38 PM
Takeover norms for unlisted firms getting finalised, to be unveiled soon
The new rules, which are under consideration, will allow a person alone or together with other parties owning 75 per cent in an unlisted company to trigger a takeover of the entire shareholding by moving the National Company Law Tribunal (NCLT). READ MORE
Topics : MARKET WRAP Markets
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First Published: Jan 13 2020 | 7:42 AM IST
