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Sensex ends 169 pts higher, Nifty over 11,900; Infosys, TCS lead gainers

All that happened in the markets today

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Market Wrap  |  Sensex  |  Nifty

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Benchmark indices ended Monday's session with gains, lifted by tech stocks, in line with global stock that were buoyed by a deal struck between the and to avoid a tariff war, and weak jobs data that raised hopes of rate cuts by the Federal Reserve.

The S&P BSE rose 169 points, or 0.43 per cent, to 39,785, with TCS, Infosys, Bharti Airtel, Axis Bank, and ITC. Out of the 30 BSE constituents, 20 ended the day in the green.

The broader Nifty50 index added 52 points, or 0.44 per cent, to settle at 11,923. The market breadth, though, was tilted in favour of sellers. About 1,083 stocks declined and 701 shares advanced on the NSE.

The sectoral indices traded mixed. IT and FMCG were the top gainers, both up over 1 per cent each, while Nifty Media and Nifty PSU Bank indices were the top drags, both down over 1.5 per cent.

In the broader market, the S&P BSE MidCap was up 17 points, or 0.11 per cent, to 14,923, while the S&P BSE SmallCap dipped 72.5 points, or 0.49 per cent, to 14,585.
 
BUZZING STOCKS

Shares of Jammu & Kashmir (J&K) Bank tanked 20 per cent to Rs 47.60 apiece on the BSE on Monday after reports suggested that the Anti-Corruption Bureau alleged Parvez Ahmed, now-removed chairman-cum-managing director, of indulging in corrupt activities. The stock, however, ended the day at Rs 52.25, down 12.11 per cent. CLICK TO READ FULL REPORT

Shares of Jet Airways (India) were trading 8 per cent lower on the BSE in the morning deals on Monday after concerns over a potential government-led investigation surfaced, implying derailment of the revival plan of the cash-strapped airline. The stock, however, pared almost all of its losses to end the day at Rs 125.20, down 0.36 per cent. READ MORE

Shares of Anil Dhirubhai Ambani Group (ADAG) companies came under heavy pressure on Monday with Reliance Power (RPower) hitting a new low of Rs 4.94, tumbling 20 per cent on the BSE after the company reported a huge loss of Rs 3,559 crore for the March 2019 quarter, due to impairment and higher finance costs. The company had posted a net profit of Rs 189 crore in the year-ago quarter. READ MORE

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