MARKETS: Sensex zooms 917 pts, Nifty nears 12K; Titan rises 7%, ITC up 4%
All that happened in markets today
 "Ongoing bull market phase 'longest and slowest', says Morgan Stanley")
Recouping all its Budget day losses, equity market staged a stellar rebound on Tuesday with the benchmark indices settling over 2 per cent higher. Brisk buying was witnessed across-the-board. Further, recovery in global markets too boosted investor sentiment. Saturday fall was a knee-jerk reaction but as investors realised that the budget will aid in the long-term growth of the economy, the market picked up, analysts said.
The S&P BSE Sensex today added 917 points or 2.30 per cent to end at 40,789 levels. Barring HUL and Bajaj Auto, rest 28 stocks in the 30-share Sensex index ended in the green. Titan - up over 7 per cent emerged as the biggest gainer on the index after it announced Q3 results. READ MORE
ITC, Bajaj Finance, and Tata Steel were the other major gainers on the index.
On the NSE, the broader Nifty50 index closed at 11,980 levels, up 272 points or 2.32 per cent. Volatility index India VIX declined 9 per cent to 14.33 levels.
Sectorally, all the indices except media ended in the positive territory. The Nifty Media ended 0.9 per cent lower at 1,777.60 levels.
In the broader market, the Nifty Midcap index gained over 1 per cent to 6,631 levels while the Nifty Small Cap index climbed 2 per cent to 2,978-mark.
In the broader market, the Nifty Midcap index gained over 1 per cent to 6,631 levels while the Nifty Small Cap index climbed 2 per cent to 2,978-mark.
GLOBAL MARKETS
World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves over the spreading outbreak, though sentiment remained fragile with oil near 13-month lows. MSCI’s main world index rose 0.4 per cent, led by gains in South Korea and Australia, the biggest leap in commodity-focused stocks in over three months.
The Shanghai Composite closed up 1.3 per cent, while the blue-chip CSI300 rebounded 2.6 per cent after a near 8 per cent slide on Monday. Hong Kong’s Hang Seng advanced 1.2 per cent.
In the commodity markets, oil futures staged a modest rebound. Brent crude added 0.8 per cent to $54.90 a barrel, while US crude gained 1.1 per cent to $50.67.
(With inputs from Reuters)
3:54 PM
SECTOR WATCH | Top gainers and losers on the NSE
3:54 PM
Top gainers and losers on the S&P BSE Sensex
3:36 PM
CLOSING BELL
The S&P BSE Sensex zoomed 917 points or 2.30 per cent to settle at 40,789 levels while the NSE's Nifty50 index ended at 11,980, up 272 points or 2.32 per cent.
3:26 PM
MARKET CHECK | Adani Ports up over 0.5% post Q3 nos
3:23 PM
Titan Co jumps 9% post Q3 result; net profit rises 13% YoY to Rs 470 crore
Titan Company on Tuesday climbed 9 per cent to Rs 1,288 on the BSE after the company posted a 12.9 per cent year-on-year (YoY) rise in its standalone net profit at Rs 470 crore for the quarter ended December 31, 2019 (Q3FY20). Tata Group Company had registered a profit of Rs 416.crore in the year-ago quarter. Sequentially, the numbers grew 46 per cent. READ MORE
3:15 PM
MARKET CHECK | Affle India, IRCTC and IndiaMART InterMESH from the S&P BSE IPO index hit all-time high
2:58 PM
Market check | Sensex advances 900 pts
2:54 PM
BROKERAGE RADAR | ICICI Securities on Amara Raja Batteries
For ARBL, we expect sales, EBITDA, PAT to grow at a CAGR of 7.3%, 9.5%, 8.8%, respectively, over FY20E-22E. We believe ancillary players with access to healthy replacement demand would continue to outperform and the same should stand ARBL in good stead. We value the company at 16x FY22E EPS of Rs 47.4/share, with a target price of Rs 760 and maintain HOLD.
2:48 PM
Contribution to S&P BSE Sensex's gain today
2:46 PM
Heatmap: S&P BSE Sensex
Topics : Markets MARKET WRAP
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First Published: Feb 04 2020 | 7:25 AM IST