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MARKET WRAP: Indices hit new highs, Nifty tops 12,350; IndusInd Bk slips 4%

All that happened in the markets today

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Snubbing the lackluster trade witnessed throughout the day, benchmark indices soared during the last trading hour to hit new life-time highs on Tuesday. The S&P BSE Sensex edged towards the 42,000-mark to hit a high of 41,994, while the broader Nifty50 crossed the psychological level of 12,350 to hit 12,374.

At close, the Sensex was at 41,952.63 level, up 92.94 points or 0.22 per cent, lifted by gains in HDFC, ITC, Axis Bank and TCS. At the index level, Hero MotoCorp, ITC, and M&M, up between 1.5 and 2 per cent, were the top gainers. On the downside, IndusInd Bank, Reliance Industries, and SBI, down up to 4 per cent, were the top laggards.

On the NSE, the Nifty50 settled 30.35 points, or 0.25 per cent, higher at 12,359.90-mark. Nifty Media and FMCG were the top performing indices on the NSE, up 2.26 and 1.4 per cent, respectively. On the other hand, Nifty Private Bank index closed 0.53 per cent lower.

The broader markets, continued to trade higher for sixth day today. The S&P BSE mid-cap index gained 0.74 per cent to close at 15,403.17 level, while the S&P BSE small-cap index advanced 0.71 per cent to settle at 14,383.55 level.

GLOBAL CUES

Asian shares rose, China’s yuan jumped and safe-harbor assets slipped on Tuesday, amid signs of goodwill between China and the United States.

Japan's Nikkei added 0.7 per cent to hit its highest in a month, while Australian shares rose by the same margin to close at a record.

In Europe, investors remained cautious ahead of their Q4 earnings. The pan-European STOXX 600 index fell 0.2 per cent by 1:40 pm, in its third straight day of declines.

(With inputs from Reuters)

3:39 PM

NSE snapshot at close

3:38 PM

Top gainers and losers on S&P BSE Sensex at close

3:38 PM

Closing Bell

>> At close, the Sensex was at 41,952.63 level, up 92.94 points or 0.22 per cent, lifted by gains in HDFC, ITC, Axis Bank and TCS.

>> On the NSE, the Nifty50 settled 30.35 points, or 0.25 per cent, higher at 12,359.90-mark.

3:28 PM

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NEWS ALERT | SpiceJet to launch four new domestic flights

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3:13 PM

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Michael Patra

2:53 PM

Market check | Sensex gains 100 pts

2:46 PM

MARKET UPDATE:: Nifty hits 12,350

2:42 PM

Most active stocks by volume

COMPANY	PRICE(rs)	CHG(rs)	CHG(%)	VOLUME
YES BANK	38.25	-3.85	-9.14	15674520
VODAFONE IDEA	6.11	-0.06	-0.97	10442507
RELIANCE POWER	2.48	-0.08	-3.13	5613819
SUZLON ENERGY	2.39	-0.09	-3.63	4269567
BHARTI AIRTEL	470.00	1.15	0.25	2687625

» More on Most Active Volume

2:32 PM

BSE500 stocks that hit 52-week high today

COMPANY	PRICE(rs)	52 WK HIGH	CHG(rs)	CHG(%)
ALKEM LAB	2325.30	2351.60	-13.10	-0.56
AVANTI FEEDS	645.00	648.20	30.75	5.01
BALKRISHNA INDS	1068.00	1070.00	30.60	2.95
BALRAMPUR CHINI	191.50	194.50	0.30	0.16
BIRLA CORPN.	725.55	736.05	23.75	3.38

» More on 52 Week High

2:27 PM

STOCK UPDATE:: IndusInd Bank pares all gains

2:20 PM

IndusInd Bank reports 32% YoY rise in Q3 net profit; asset quality stable

The bank reported a standalone net profit of Rs 1,300 crore, up 32 per cent year-on-year from Rs 985.03 crore logged in the same quarter of the previous fiscal (Q3FY19). Sequentially, the profit dipped 6 per cent from Rs 1,383.37 crore reported in Q2FY20. Besides, the bank's net interest income came in at Rs 3,074.02 crore. READ MORE

2:10 PM

Broader markets continue their good run, outperform benchmarks

1:59 PM

Asian Markets check

Asian shares rose on Tuesday, amid signs of goodwill between China and the United States, as the world’s two biggest economies prepared to sign a truce in their trade war.

Japan’s Nikkei added 0.7 per cent to hit its highest in a month. Australian shares rose by the same margin to close at a record.

Hong Kong’s Hang Seng and Shanghai blue chips also hit multi-month peaks.

1:43 PM