MARKET WRAP: Sensex ends 130 pts higher, Nifty tops 11,900; IT stocks rally
In the broader market, S&P BSE Mid-Cap ended 56 points, or 0.38 per cent higher at 14,945 levels while the S&P BSE Small-Cap gained 0.52 points to settle at 14,283 levels.
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Domestic indices ended Tuesday's volatile trade with gains. The indices traded in the red for better part of the day, tracking concerns on weak global growth across world markets coupled with rising trade tensions.
The losses were, however, pared against last hour buying in select stocks such as HDFC twins, Infosys, Reliance and ONGC.
The S&P BSE Sensex ended 130 points, or 0.30 per cent, higher at 39,816 levels with ONGC, HDFC and Bharti Airtel being the top gainers. The broader Nifty50 too settled with gains of 45 points, or 0.38 per cent, at 11,910 levels.
In the broader market, S&P BSE Mid-Cap ended 56 points, or 0.38 per cent higher at 14,945 levels while the S&P BSE Small-Cap gained 0.52 points to settle at 14,283 levels.
Sectorally, realty scrips were under pressure with the index with ending 1.5 per cent lower. This was followed by losses in pharma and bank counters. Nifty IT index settled nearly a per cent higher followed by metal index, up 0.52 per cent.
BUZZING STOCKS
Shares of ICRA slipped nearly 6 per cent to Rs 3,027 apiece in the opening deals on Tuesday, a day after the board of rating agency asked its Managing Director (MD) and Chief Executive Officer (CEO) Naresh Takkar to go on indefinite leave, pending an enquiry into concerns raised by the market regulator the Securities and Exchange Board of India (Sebi). READ MORE
Cox & Kings shares were locked in the 5 per cent lower circuit in the early trade on the BSE on Tuesday to quote at an all-time low price of Rs 32.95 apiece after it defaulted on Rs 50 crore commercial paper. The stock has now fallen for six consecutive trading sessions. READ MORE
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GLOBAL CUES
Asian shares ended mixed on Tuesday amid worries that the global economy was faltering. US President Donald Trump said on Monday that any trade deal with China would need to be “somewhat tilted” in favour of the United States. Washington also threatened tariffs on $4 billion of additional European Union goods in a long-running dispute over aircraft subsidies.
Japan's Nikkei ended 0.11 per cent higher while South Korea's Kospi settled 0.36 per cent lower.
Oil prices slipped on Tuesday as concerns that the global economy could be slowing outweighed an agreement by producer club OPEC on Monday to extend supply cuts until next March. Brent crude futures were down 0.28 per cent at $64.88 a barrel by 2:15 pm.
3:39 PM
Sectoral gainers and losers on NSE
3:39 PM
Top gainers and losers on S&P BSE Sensex
3:37 PM
CLOSING BELL
The S&P BSE Sensex gained 130 points or 0.33 per cent to settle at 39,816 while the Nifty50 index closed above 11,900 at 11,910, up 45 points or 0.38 per cent.
3:24 PM
Stock Alert | Sudden surge in Maruti Suzuki India
3:22 PM
Oracle Financial Services Software soars over 3%
3:03 PM
Market check | Nifty tops 11,900
2:53 PM
NEWS ALERT | Lenders to seek fresh CBI enquiry against Bhushan Power & Steel Promoters: sources to BTVi
-- SBI, OBC declare BPSL a fraud co based on forensic & transaction audit
-- Consortium of lenders to meet soon to draw next plan of action
2:48 PM
NEWS ALERT | Simbhaoli Sugars Ltd tumbles 16%
2:48 PM
NEWS ALERT | BHEL appoints Nalin Shinghal as CMD for 5 years
2:43 PM
NEWS ALERT | CBI conducting raids in offices of Winsome Diamonds in Mumbai & Thane in bank fraud case: BTVi
-- Raids in Supreme Text Mart, Ludhiana in bank fraud case
-- CBI conducting raids in Eskay Knit Ltd, Walsad
2:34 PM
Tourism Finance Corporation hits 20% lower circuit
2:32 PM
NEWS ALERT | Indian Oil plans new Petchem project near its Gujarat refinery: BTVi
-- New Petchem project in Gujarat may cost Rs 3,500 cr
-- IOC's new Petchem unit in Gujarat may be commissioned in 2022
2:23 PM
BSE suspends trading of JK Pharmachem and 7 others on investors' complaint
The BSE has suspended trading of shares of eight companies including Geodesic, J. K Pharmachem, Teem Laboratoriesand Global Securities on receipt of numerous complaints against them. Apart from the aforementioned scrips, trading in Gujarat Perstorp Electronics, Gujarat Narmada Flyash, Blazon Marbles, Softrak Ventures Investments, Rane Computer Consultancy, and Maharashtra Krishna Valley Development Corporation has been suspended. All these companies are in either P, X or XT categories. READ MORE
2:18 PM
NEWS ALERT | Govt had constituted a task force to draft a new direct tax law: Fn Min in Rajya Sabha
-- No proposal under consideration regardming the 'direct tax code': Fn Min in Rajya Sabha
2:09 PM
Stock Alert | Godrej Properties continue slide
Topics : MARKET WRAP
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First Published: Jul 02 2019 | 6:57 AM IST
