Business Standard

MARKET WRAP: Indices extend gains, Sensex up 524 pts as RIL surges over 6%

All that happened in the markets today

Image SI Reporter New Delhi
Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (

NSE's Nifty50 ended at 10,244, up 153 points or 1.5 per cent

Extending their rally into the second straight day, the benchmark indices ended Friday's session with around 1.5 per cent gains, led by Reliance Industries (RIL) as the company announced it has become net debt-free, much before its original schedule of March 31, 2021. The stock rallied 6.5 per cent to end at Rs 1,764. In the process, the company scaled the market capitalisation of Rs 11 trillion. READ MORE

The S&P BSE Sensex today gained 524 points or 1.53 per cent to settle at 34,732. Of 30 stocks on the index, 18 ended in the green and rest 12 in the red. Besides RIL, ICICI Bank, HDFC Bank, Bajaj Finance, and Bharti Airtel were the major contributors to the index's gains. 

NSE's Nifty50 ended at 10,244, up 153 points or 1.5 per cent with 33 constituents advancing, 16 declining and 1 remaining unchanged. Volatility index, India VIX, dipped over 5 per cent to 29.78 levels. 

On a weekly basis, Sensex gained nearly 3 per cent while Nifty added 2.7 per cent.

Sectorally, all the indices except Nifty IT and Nifty Metal ended in the green. Nifty Realty index zoomed over 6 per cent to 29.78 levels. On the other hand, Nifty IT slipped 0.35 per cent to 14,500. 

In the broader market, the S&P BSE MidCap index gained 1.37 per cent to 12,804 while the S&P BSE SmallCap index rallied around 1.4 per cent to 12,277.

Global markets

Asian shares and US stock futures teetered in choppy trade on Friday as lingering concerns about a fresh spike in coronavirus cases offset growing hopes for a quick economic recovery. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 per cent. US S&P 500 e-minis were oscillating between the positive and negative zones. 

Shares in China rose 1.15 per cent, led by gains in financials and the health care sector, but South Korean stocks fell 0.25 per cent due to concern about diplomatic tension with North Korea.

In Europe, stocks rose, with the Stoxx 600 up around half a per cent at the time of writing of this report. 

In commodities, oil rose to above $42 a barrel, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and signs of demand, hit by the coronavirus crisis, recovering.

(With inputs from Reuters)
3:43 PM

SECTOR WATCH:: Nifty Realty soars over 6%

3:42 PM

MARKET AT CLOSE:: Gainers and losers on the S&P BSE Sensex

3:35 PM

CLOSING BELL

The S&P BSE Sensex rallied 524 points or 1.53 per cent to end at 34,732 while NSE's Nifty ended at 10,244, up 153 points or 1.51 per cent.
3:28 PM

MARKET CHECK

3:26 PM

Alembic Pharma gets USFDA nod for generic Adapalene gel for acne treatment

Alembic Pharmaceuticals on Friday said its joint venture had received nod from the US health regulator for generic Adapalene gel used for the treatment of acne. The company's JV Aleor Dermaceuticals has received approval from the United States Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Adapalene gel USP, 0.3 per cent, Alembic Pharma said in a filing to the BSE. READ MORE 

 
3:12 PM

MARKET CHECK:: Bajaj Finance jumps 7%

3:00 PM

Stocks that hit 52-week high on BSE today

COMPANY PRICE(rs) 52 WK HIGH CHG(%)
ADANI GREEN 420.60 420.60 4.99
ALEMBIC PHARMA 942.80 950.00 3.80
COROMANDEL INTER 718.80 748.95 -2.81
DHANUKA AGRITECH 726.20 804.00 -6.86
DIXON TECHNOLOG. 5650.00 5758.00 1.48
» More on 52 Week High
3:00 PM

MARKET CHECK :: Nifty Energy index up over 3.5%

2:50 PM

MARKET UPDATE :: Sensex at day's high, up 600 pts

2:38 PM

MARKET UPDATE :: Choppy session for markets; Sensex up nearly 500 pts

2:30 PM

MARKET UPDATE:: RIL contributes over 260 pts in Sensex's gains of around 390 pts

2:22 PM

Finance Ministry invites bids from transaction advisors for LIC IPO

The government proposes to engage up to two pre-IPO transaction advisors, for assisting the Department of Investment and Public Asset Management (DIPAM) in the preparatory processes leading to the Initial Public Offer (IPO) of Life Insurance Corporation of India (LICI), tipped to be the largest ever in the country. READ MORE

2:17 PM

RIL partly-paid shares hits 10% upper circuit, surge 16% in 2 days

Shares of Reliance Industries’ partly-paid (RIL PP) shares were locked in the 10 per cent upper circuit band at Rs 812.90 on the BSE on Friday, having rallied 16 per cent in the past two days, after group chairman Mukesh Ambani said that RIL has become net debt-free company after raising a record Rs 1.69 lakh crore from global investors and a rights issue within two months. RIL PP shares have a face value of Rs 2.5 each. READ MORE 

Reliance, RIL,

2:10 PM

Rupee closing

Rupee ends lower at 76.18/$ vs Thursday's close of 76.14 against the US dollar
2:09 PM

MARCH QUARTER EARNINGS: Cadila Health reports profit of Rs 392 crore

Revenue -- Rs 3,752 crore

Ebitda -- Rs 791 crore

Margin -- 21.1 per cent

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First Published: Jun 19 2020 | 7:25 AM IST

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