Sensex ends above 34,000 for first time; RCom to exit SDR; stock gains 41%

All that happened in today's trade

3:50 PM

Vinod Nair, Head of Research, Geojit Financial Services 

 

Market started off rangebound as investors' participation remained low due to holiday season, while stock-specific actions in telecom, pharma and metal towards close raised the indices to a new high. Mid and small cap outperformed on expectation of improvement in rural demand supported by continued government reforms.

3:42 PM

Sectoral trend

Nifty PSU Bank sole sectoral loser 

Source: NSE

3:38 PM

Top Sensex gainers and losers 

Source: BSE

3:37 PM

Markets at close

 

The S&P BSE Sensex ended at 34,010, up 70 points, while the broader Nifty50 settled at 10,531, up 38 points.

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,010.61	+70.31	+0.21
S&P BSE SENSEX 50	10,969.14	+28.38	+0.26
S&P BSE SENSEX Next 50	36,850.24	+273.85	+0.75
S&P BSE 100	11,020.91	+37.39	+0.34
S&P BSE Bharat 22 Index	3,803.91	-1.44	-0.04

Source: BSE

3:27 PM

Buzzing stocks 

 

Jet Airways, KNR Constructions, Quess Corp, Morepen Laboratories, D B Realty and Future Consumer were among 92 stocks from the midcap and smallcap indices hit their respective 52-week highs on the BSE in intra-day trade on Tuesday.

 

At 02:58 PM; the S&P BSE Midcap index and the S&P BSE Smallcap index were up nearly 1% as compared to a marginal 0.07% decline in the benchmark index S&P BSE Sensex. The midcap (17,695) and smallcap (19,141) indices touched their respective new highs in intra-day trade today. READ FULL REPORT

3:17 PM

RCom to exit SDR; stock spikes 36%

Source: BSE

3:05 PM

Bitcoin regains $15,000 level 

 

Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 per cent to be up more than a third from last week's lows of below $12,000.

 

Bitcoin, the world's biggest and best-known cryptocurrency, fell nearly 30 per cent at one stage on Friday to $11,159.93 and, despite a late recovery, had its worst week since 2013. At 0445 GMT on Tuesday, it was quoted around $15,049 on the Luxembourg-based Bitstamp exchange. READ MORE

3:03 PM

Anil Ambani, Chairman, Reliance Group to Business Standard 

 

Ours is a capital light business. It is also a high margin business as I have shown to you and I think shareholders will be well-rewarded in the coming quarters.

2:58 PM

Anil Ambani, Chairman, Reliance Group

 

Expect overall debt for RCom to be around Rs 6000 crore

2:57 PM

Anil Ambani, Chairman, Reliance Group

 

China Development Bank is largest relationship bank for RCom

2:57 PM

Anil Ambani, Chairman, Reliance Group

 

EV of new RCom at Rs 15,000 crore as per Credit Suisse estimates

2:56 PM

Anil Ambani, Chairman, Reliance Group

 

Indian Bank's telecom exposure down by Rs 21,000 crore.

2:55 PM

Anil Ambani, Chairman, Reliance Group

 

New Reliance Communication will consist of enterprise, GCX, Data Center business, 4G sharing biz; 50% of new Rcomm's revenues will come from overseas

2:53 PM

Anil Ambani, Chairman, Reliance Group

 

Resolution plan includes asset monetisation

2:50 PM

Anil Ambani, Chairman, Reliance Group

 

Will transform cable business to B2B business