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MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

The Nifty PSU Bank index settled 2 per cent higher led by Oriental Bank of Commerce and Bank of India

SI Reporter  |  New Delhi 

Markets

The benchmark indices ended over 0.5 per cent higher led by a rise in the financial stocks and Reliance Industries (RIL).

The S&P BSE ended at 35,457, up 197 points (0.56 per cent), while the broader Nifty50 index settled at 10,682, up 66 points (0.62 per cent).

Among sectoral indices, the PSU Bank index settled 2 per cent higher led by Oriental Bank of Commerce and Bank of India.

In the broader markets, the S&P BSE MidCap index ended flat at 14,998, while the S&P BSE SmallCap slipped 0.4 per cent to end at 14,486.

RIL pips TCS to become most-valued firm

Shares of RIL on Friday rose 2.7 per cent to Rs 1,127 on the BSE helping the oil-to-telecom major pip Tata Consultancy Services (TCS) to become the most-valued company in terms of market capitalisation.

On the BSE, RIL's market capitalisation was at Rs 7,14,668.54 crore, while India's largest IT firm by revenue TCS slipped to the second spot with a valuation of Rs 7,06,292.61 crore.

RUPEE

The traded on a firm note on Friday rising to 71.71 per US dollar in intra-day trade, up from its previous close of 71.98 against the greenback.

GLOBAL MARKETS

Asian share turned mixed on Friday as hopes for a thaw in the Sino-US trade standoff were tempered by disappointing results from US chipmaker Nvidia Corp which slugged the tech sector.

Losses in semi-conductor shares dragged Japan’s Nikkei down 0.1 per cent, while Nasdaq futures fell 0.5 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan were still up 0.3 per cent, helped by gains in China.

OIL PRICES

Oil prices regained a little composure after their recent drubbing, helped by a decline in US fuel stockpiles and the possibility of a cut in OPEC output.

US crude was trading up 40 cents at $56.86, while Brent crude rose 52 cents to $67.14 a barrel.

(with Reuters input)

MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

Top sectoral gainers and losers on NSE

MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

S&P BSE Sensex: Top gainers & losers

MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

Market at close The S&P BSE Sensex gained 197 points or 0.56 per cent to end at 35,457 while NSE's Nifty50 index closed above the crucial 10,650 level at 10,682, up 66 points or 0.62 per cent.

MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

Deepak Fertilisers, Hexaware, Dixon Technologies hit 52-week lows Shares of Rallis India, Deepak Fertilisers & Chemicals, Dixon Technologies (India), Hexaware Technologies, Take Solutions and BASF were among 22 stocks from the S&P BSE Allcap index hitting their respective 52-week lows on Friday in intra-day trade. READ MORE

MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

Gold prices rise by Rs 54 to Rs 30,875 per 10 g on positive global trends Gold prices rose by Rs 54 to Rs 30,875 per 10 grams in futures trade Friday as speculators raised their bets, taking positive cues from global market. At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 54, or 0.18 per cent, to Rs 30,875 per 10 grams in a business turnover of 198 lots. READ MORE

MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

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MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

PSU Banks gain led by Oriental Bank of Commerce

MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

9 stocks that touched 52-week high in trade so far

MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

RBI board to consider surplus fund transfer, ease norms for weak bonds   The board of India’s central bank will meet on Monday to consider easing rules governing transfer of surplus funds to the government as well as liberalizing norms for weak banks to boost lending in the economy, people with knowledge of the matter said. The Reserve Bank of India will also review rules on capital and risk weight for Indian banks which are considered more stringent than the Basel guidelines. Read more

MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 35,423.55 +163.01 +0.46   S&P BSE SENSEX 50 11,145.95 +54.16 +0.49   S&P BSE SENSEX Next 50 32,095.81 -47.43 -0.15   S&P BSE 100 10,930.47 +42.72 +0.39   S&P BSE Bharat 22 Index 3,460.92 -10.20 -0.29

MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

S&P BSE Oil & Gas index down due to rise in crude oil prices

First Published: Fri, November 16 2018. 08:07 IST
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MARKET WRAP: Sensex gains 197 pts; RIL pips TCS to become most valued firm

The Nifty PSU Bank index settled 2 per cent higher led by Oriental Bank of Commerce and Bank of India

The benchmark indices ended over 0.5 per cent higher led by a rise in the financial stocks and Reliance Industries (RIL).

The S&P BSE ended at 35,457, up 197 points (0.56 per cent), while the broader Nifty50 index settled at 10,682, up 66 points (0.62 per cent).

Among sectoral indices, the PSU Bank index settled 2 per cent higher led by Oriental Bank of Commerce and Bank of India.

In the broader markets, the S&P BSE MidCap index ended flat at 14,998, while the S&P BSE SmallCap slipped 0.4 per cent to end at 14,486.

RIL pips TCS to become most-valued firm

Shares of RIL on Friday rose 2.7 per cent to Rs 1,127 on the BSE helping the oil-to-telecom major pip Tata Consultancy Services (TCS) to become the most-valued company in terms of market capitalisation.

On the BSE, RIL's market capitalisation was at Rs 7,14,668.54 crore, while India's largest IT firm by revenue TCS slipped to the second spot with a valuation of Rs 7,06,292.61 crore.

RUPEE

The traded on a firm note on Friday rising to 71.71 per US dollar in intra-day trade, up from its previous close of 71.98 against the greenback.

GLOBAL MARKETS

Asian share turned mixed on Friday as hopes for a thaw in the Sino-US trade standoff were tempered by disappointing results from US chipmaker Nvidia Corp which slugged the tech sector.

Losses in semi-conductor shares dragged Japan’s Nikkei down 0.1 per cent, while Nasdaq futures fell 0.5 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan were still up 0.3 per cent, helped by gains in China.

OIL PRICES

Oil prices regained a little composure after their recent drubbing, helped by a decline in US fuel stockpiles and the possibility of a cut in OPEC output.

US crude was trading up 40 cents at $56.86, while Brent crude rose 52 cents to $67.14 a barrel.

(with Reuters input)

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