MARKET WRAP: Indices end higher ahead of Budget 2019, Nifty below 11,950
All that happened in markets today.
 "Stock market")
Domestic indices ended Thursday's trading session in the green ahead of the Union Budget presentation on Friday, July 5.
The S&P BSE Sensex ended 69 points, or 0.17 per cent, higher at 39,908 levels with Bharti Airtel, Tata Motors and IndusInd Bank being the top gainers. The broader Nifty50 too settled at 11,947 levels, up 30 points, or 0.25 per cent.
In the broader market, S&P BSE Mid-Cap ended 0.19 per cent lower at 14,918 levels while the S&P BSE Small-Cap gained 0.12 per cent, to settle at 14,329 levels.
Sectorally, public sector banks' scrips gained the most with the index scaling 2 per cent intra-day. It ended 1.31 per cent higher. This was followed by gains in realty counters. The biggest losers at the bourses were metal and pharma scrips with their index sliding 1.11 per cent and 0.64 per cent respectively.
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BUZZING STOCKS
Shares of Uniply Industries rallied nearly 5 per cent to Rs 66.50 apiece in the early morning trade on Thursday, a day after Kuwait-based multi-family office investment firm Markab Capital WLL announced acquisition of a controlling stake in the company. The offer values the company at an enterprise value of over Rs 1,550 crore on a fully diluted basis. READ MORE
Shares of IndiaMART InterMESH (IML) made a strong debut on the bourses, by listing at Rs 1,180, 21 per cent higher against its issue price of Rs 973 apiece on the National Stock Exchange (NSE) and BSE. READ MORE
Shares of Uniply Industries rallied nearly 5 per cent to Rs 66.50 apiece in the early morning trade on Thursday, a day after Kuwait-based multi-family office investment firm Markab Capital WLL announced acquisition of a controlling stake in the company. The offer values the company at an enterprise value of over Rs 1,550 crore on a fully diluted basis. READ MORE
Shares of IndiaMART InterMESH (IML) made a strong debut on the bourses, by listing at Rs 1,180, 21 per cent higher against its issue price of Rs 973 apiece on the National Stock Exchange (NSE) and BSE. READ MORE
GLOBAL CUES
Asian markets ended higher on Thursday. Japan's Nikkei gained 0.3 per cent while South Korea's Kospi settled 0.61 per cent higher. In the commodities market, Brent Crude Futures were trading at $63.77 per barrel.
3:50 PM
Sectoral gainers and losers on NSE
3:50 PM
Top gainers and losers on S&P BSE Sensex
3:37 PM
CLOSING BELL
The S&P BSE Sensex gained 69 points or 0.17 per cent to settle at 39,908 while the NSE's Nifty50 index ended at 11,947, up 30 points or 0.25 per cent.
2:56 PM
NEWS ALERT | Lenders to challenge NCLAT judgment in Essar Steel Case
2:40 PM
Essar Steel: NCLAT approves ArcelorMittal's bid with modifications
The National Company Law Appellate Tribunal (NCLAT) on Thursday approved Lakshmi Mittal-led ArcelorMittal’s plan for Essar Steel India Limited. The appellate tribunal had on May 21 heard the contentions of all the parties and reserved its judgment in the case. The distribution of amount for all operational and financial creditors will be reflected in ArcelorMittal's resolution plan. The Committee of Creditors (CoC) will have no role in this distribution. READ MORE
2:26 PM
Sudden fall in YES Bank, down 4%
2:15 PM
Essar Steel: NCLAT approves Lakshmi Mittal-led ArcelorMittal's bid
The National Company Law Appellate Tribunal (NCLAT) on Thursday approved Lakshmi Mittal-led ArcelorMittal’s plan for Essar Steel India Limited. The appellate tribunal had on May 21 heard the contentions of all the parties and reserved its judgment in the case. The distribution of amount for all operational and financial creditors will be reflected in ArcelorMittal's resolution plan. The Committee of Creditors (CoC) will have no role in this distribution.
ArcelorMittal had told NCLAT that it would pay Rs 42,000 crore, including a minimum of guarantee of Rs 2,500 crore as working capital, for acquiring debt-laden Essar Steel under the insolvency process. READ MORE
2:10 PM
Trade war: China says existing US tariffs should be removed for a deal
Existing US tariffs will have to be removed if there is to be a trade deal between Beijing and Washington, China's commerce ministry said on Thursday. The leaders of the two countries agreed last weekend to relaunch trade talks that had stalled in May after US officials accused China of pulling back from commitments made in the text of a pact negotiators had said was nearly finished. READ MORE
2:01 PM
June Auto Sales | Force Motors
-- A decline of more than 17% in June sales,
-- Sale of 2,210 units vs 2,669 units in June last year
-- Sale of 2,210 units vs 2,669 units in June last year
1:57 PM
Adani Ent rally 4% after cabinet nods Lucknow, Ahmedabad airport leasing
Adani Enterprises shares gained 4 per cent to quote at Rs 162 on the BSE during the morning trade on Thursday after the Union Cabinet approved Ministry of Civil Aviation’s proposal to privatize three out of six state airports. READ MORE
Topics : Economic Survey Union Budget 2019 pre-Budget Economic Survey MARKET WRAP Buzzing stocks budget 2019
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First Published: Jul 04 2019 | 7:16 AM IST