MARKET WRAP: Benchmarks end flat, Sensex up 42 pts; realty, IT stocks slip
All that happened in the markets today
 "trading, market, broker,")
Equity markets ended a volatile trading session in the positive territory on Monday supported by buying in blue-chip stocks such as HDFC, Reliance Industries, Maruti Suzuki India, and Axis Bank. The benchmark S&P BSE Sensex settled 42.28 points, or 0.1 per cent, higher at 40,487.43 level. Axis Bank (up over 2 per cent) topped the 30-share index as the top gainer, while TCS (down 3 per cent) was the top loser.
On the NSE, the Nifty50 settled at 11,937.50-mark, up 16 points, or 0.13 per cent.
Sectoral indices ended the session mixed on the NSE. At close, Nifty Realty Index closed with a cut of 1.15 per cent, while Nifty Auto index closed 0.73 per cent higher.
In the broader market, the S&P mid-cap index settled 0.09 per cent higher at 14,680.92, while the S&P NSE small-cap index slipped 0.48 per cent to 13,275.41.
BUZZING STOCKS
Shares of Century Textiles & Industries hit a fresh 52-week high of Rs 515, up 5 per cent on Monday, having surged 9 per cent in the past two trading days, in an otherwise range-bound market on the BSE on expectation of a healthy financial performance going forward. READ MORE
Shares of automobile companies gained on Monday after Maruti Suzuki India (MSI) increased its production in November. At 10:30 AM, the S&P BSE Auto index climbed 1.5 per cent as compared to a flat benchmark S&P BSE Sensex and was the top gainer among BSE sectoral indices. READ MORE
GLOBAL CUES
Asian stocks edged up on Monday, catching some of Wall Street’s momentum after surprisingly strong US.jobs data, although regional gains were capped by concerns about China’s economic slowdown due to the prolonged Sino-US trade war.
Japan’s benchmark Nikkei added 0.33 per cent while MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.27 per cent. China’s Shanghai Composite stood flat and so did Hong Kong’s Hang Seng.
European shares are expected to give up some of the gains made on Friday after the U.S. payrolls data, with pan-European Euro Stoxx 50 futures down 0.14 per cent, German DAX futures slipping 0.04 per cent and FTSE futures losing 0.35 per cent.
(With inputs from Reuters)
3:42 PM
Sectoral trends at NSE at close
3:41 PM
Sensex heatmap at close
3:41 PM
Closing Bell
The benchmark S&P BSE Sensex settled 42.28 points, or 0.1 per cent, higher at 40,487.43 level. Axis Bank (up over 2 per cent) topped the 30-share index as the top gainer, while TCS (down 3 per cent) was the top loser.
On the NSE, the Nifty50 settled at 11,936.95-mark, up 15.45 points, or 0.13 per cent.
3:23 PM
Indigo Paint's IPO may fetch 3.5x returns for Sequoia in partial exit
Indigo Paints' proposed IPO next year is expected to give 3-3.5-fold returns to private equity investor Sequoia. The company's proposed Rs 1,000 crore plan would partially support capex spending of Rs 100 crore every year.
The company has hired an investment bank for the proposed IPO and aims to achieve Rs 3,000 crore in revenue in the next five years. It did not reveal the name of the investment bank. READ MORE
3:10 PM
Prestige Estate Projects dips 5%
2:55 PM
NEWS ALERT | Jagran Prakashan board approves share buyback for up to Rs 101.2 cr: BSE filing
-- Buyback at max Rs 75/share
2:52 PM
Shakti Pumps hits 52-week low as CARE downgrades bank facilities
Shares of Shakti Pumps (India) (SPIL) hit a 52-week low of Rs 202, down 2 per cent on Monday, having declined 5 per cent in the past two trading days, on the BSE after Care Ratings downgraded the long-term rating of the bank facilities of the company with a negative outlook. The stock has fallen below its previous low of Rs 203 touched on November 18, 2019. READ MORE
2:41 PM
NEWS ALERT | HDFC AMC trading lower for fourth straight day, down 5% on BSE
- Slips 12% in four days on share sale by promtoer.
2:38 PM
» More on 52 Week High
BSE500 stocks that hit 52-week high today
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| ADANI TRANSMISSI | 331.50 | 344.45 | 12.75 | 4.00 |
| COROMANDEL INTER | 510.05 | 527.85 | 14.45 | 2.92 |
| GUJARAT GAS | 230.00 | 231.65 | 2.65 | 1.17 |
| ICICI SEC | 358.60 | 364.60 | 3.55 | 1.00 |
| SRF | 3256.05 | 3285.25 | 30.70 | 0.95 |
2:28 PM
Global Markets check
Asian stocks edged up on Monday, catching some of Wall Street’s momentum after surprisingly strong US jobs data although regional gains were capped by concerns about China’s economy due to the prolonged Sino-US trade war.
Japan’s benchmark Nikkei advanced 0.3 per cent while MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.3 per cent, with Australian stocks and South Korea’s Kospi up 0.2 per cent and 0.6 per cent, respectively.
Japan’s benchmark Nikkei advanced 0.3 per cent while MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.3 per cent, with Australian stocks and South Korea’s Kospi up 0.2 per cent and 0.6 per cent, respectively.
Oil prices retreated but hovered near recent peaks after OPEC and its allies agreed to deepen output cuts by 500,000 barrels per day in early 2020.
U.S. West Texas Intermediate (WTI) crude slipped 0.4 per cent to $58.94 per barrel, still not far from Friday’s 2 1/2-month high of $59.85 per barrel.
(Reuters)
(Reuters)
Topics : Markets MARKET WRAP
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First Published: Dec 09 2019 | 7:45 AM IST