MARKET WRAP: Sensex climbs 337 pts, Nifty ends at 10,946; Maruti jumps 4%
All that happened in markets today.
 "Markets, Up, Down, BSE, NSE, Stocks")
Equity benchmarks settled with nearly a per cent gain on Friday amid buying in industry heavyweights such as Reliance Industries (RIL), Axis Bank, Maruti, Infosys and HDFC Bank. That apart, positive global cues, too, boosted investor sentiment.
The S&P BSE Sensex added 337 points or 0.92 per cent to close at 36,982, with Maruti (up around 4 per cent) being the top gainer and YES Bank (down nearly 2 per cent) the worst performer.
On NSE, the frontline index Nifty50 settled at 10,946, up 98 points or 0.91 per cent.
Volatility index India VIX slipped nearly 7 per cent to end at 16.08 levels.
On a weekly basis, Sensex lost 0.94 per cent while NSE's Nifty50 index dropped 0.69 per cent.
On a weekly basis, Sensex lost 0.94 per cent while NSE's Nifty50 index dropped 0.69 per cent.
In the broader market, the S&P BSE MidCap index climbed 82 points or 0.61 per cent, to 13,365 levels, while the S&P BSE SmallCap index surged 99 points or 0.79 per cent to end at 12,595.
On the sectoral front, auto stocks rallied the most, followed by metal and media stocks. The Nifty Auto index ended at 7,102 levels, up over 2.61 per cent.
Market breadth remained in favour of advances as out of 2,658 stocks traded on the BSE, 1,583 advanced and 921 declined while 154 scrips remained unchanged.
BUZZING STOCKS
Indiabulls Housing Finance ended 5 per cent lower at Rs 426 apiece on the BSE on reports that a public interest litigation (PIL) has been filed against the company and its promoters in Delhi High Court on allegations of siphoning-off of funds. READ MORE
Tech Mahindra (TechM) ended around 4 per cent higher at Rs 722 apiece on the BSE after the company announced a strategic and possibly largest-ever deal with leading American network operator AT&T. READ MORE
Indiabulls Housing Finance ended 5 per cent lower at Rs 426 apiece on the BSE on reports that a public interest litigation (PIL) has been filed against the company and its promoters in Delhi High Court on allegations of siphoning-off of funds. READ MORE
Tech Mahindra (TechM) ended around 4 per cent higher at Rs 722 apiece on the BSE after the company announced a strategic and possibly largest-ever deal with leading American network operator AT&T. READ MORE
GLOBAL STOCKS
Asian stocks gained on Friday, joining a global trend as investors took heart from firm US economic data plans hopes a meeting between US and Chinese negotiators next month signals an easing in trade tensions. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.4 per cent, putting it on track for a 2.2 per cent weekly gain - which would make it the best week since mid-June. The Shanghai Composite Index edged up 0.1 per cent while Hong Kong’s Hang Seng was up 0.2 per cent.
(With inputs from Reuters)
(With inputs from Reuters)
3:47 PM
Sensex heat map
3:46 PM
Most bank stocks end firm
3:45 PM
Maruti, Bajaj Auto among top auto sector gainers
3:44 PM
Nifty Auto among top gainers today
(Change in %)
3:43 PM
Nifty ends 98 points up at 10,946
3:37 PM
CLOSING BELL
The S&P BSE Sensex rallied 337 points or 0.92 per cent to end at 36,982 levels while NSE's Nifty50 index ended at 10,946, up 98 points or 0.91 per cent.
3:02 PM
PVR Ltd zooms over 4%
2:59 PM
NEWS ALERT | China Central Bank cuts reserve requirement ratio by 50 bps: CNBC TV18
-- Decision effective September 16
2:54 PM
» More on 52 Week Low
Stocks that hit 52-week low on BSE500
| COMPANY | PRICE(rs) | 52 WK LOW | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| COFFEE DAY ENTER | 60.95 | 60.95 | -3.20 | -4.99 |
| INDIABULLS HOUS. | 426.00 | 406.20 | -21.90 | -4.89 |
| INDIABULLS VENT. | 154.30 | 146.55 | -11.25 | -6.80 |
| LAK. VILAS BANK | 36.40 | 36.40 | -1.90 | -4.96 |
| MAGMA FINCORP | 58.70 | 55.00 | 1.75 | 3.07 |
2:49 PM
Global markets check
Asian stocks gained on Friday, joining a global trend as investors took heart from firm US economic data plans hopes a meeting between US and Chinese negotiators next month signals an easing in trade tensions.
In early European trade, the pan-region Euro Stoxx 50 futures and German DAX futures were little changed, while Britain’s FTSE futures inched down 0.1 per cent.
MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.4 per cent, putting it on track for a 2.2 per cent weekly gain - which would make it the best week since mid-June. The Shanghai Composite Index edged up 0.1 per cent. Hong Kong’s Hang Seng was up 0.2 per cent, with some earlier gains trimmed after rating agency Fitch downgraded the city’s credit rating following months of unrest. Australian stocks gained 0.5 per cent, South Korea’s KOSPI climbed 0.1 per cent and Japan’s Nikkei advanced 0.4 per cent.
2:49 PM
Market check
2:43 PM
NEWS ALERT | Q1 GDP growth for Euro zone revised to 1.3% from 1.2% YoY: Reuters
-- Euro zone’s GDP expanded by 0.2% in the second quarter, after a 0.4% expansion in the first three months of the year.
2:40 PM
NEWS ALERT | Lupin gets US FDA approval for Cancer drug 'Fosaprepitant' Injection
-- Approval for 150 mg Single-Dose Vial, generic version of Emend of Merck Sharp & Dohme Corp
2:40 PM
NEWS ALERT | Capacit'e Infra wins order worth Rs 4,502 crore from Maharashtra's Cidco: BSE filing
2:38 PM
McLeod Russel director resignations raise eyebrows; SES red-flags trend
Several independent directors serving on the board of McLeod Russel India have quit citing health and old age. However, they continue to serve on the boards of other companies. The trend has been red-flagged by corporate governance firm Stakeholders Empowerment Services (SES), which has called for more accountability from independent directors.
Over half a dozen individuals have resigned from the board of the tea company citing reasons such as "old age", "severe health issues" and "poor health". At the same time, almost all of the directors continue to hold their directorships at other companies, while some have even taken up fresh assignments. READ MORE
Topics : Markets MARKET WRAP
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First Published: Sep 06 2019 | 7:26 AM IST