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RIL, HDFC twins propel Sensex up 330 pts on F&O expiry day; Nifty at 11,946

All that happened in the markets today

Image SI Reporter New Delhi
Markets

Benchmark indices on Thursday resumed their record closing run after one-day drop on the back of gains made in index heavyweights Reliance Industries and HDFC twins on the expiry day of May series Futures & Options (F&O) contracts.

The benchmark S&P BSE Sensex index closed 330 points, or 0.84 per cent, higher, at 39,832 levels, with NTPC, Bharti Airtel, Bajaj Finance, TCS, and YES Bank leading the list of gainers. Out of the 30 BSE constituents, 21 ended the day in the green.

The broader Nifty50 index settled at 11,946 levels, with a gain of 85 points, or 0.71 per cent. The market breadth was in favour of buyers. About 877 stocks advanced and 872 shares declined on the NSE.
The Nifty sectoral indices traded mixed in the day. Nifty Fin Service Index was the top gainer among the indices, up 1.16 per cent, while Nifty Auto index took the deepest cut, down 0.56 per cent.

In the broader market, the S&P BSE MidCap index rose 60 points, or 0.40 per cent, to settle at 15,061, while the S&P BSE SmallCap index finished the day 30 points, or 0.2 per cent, higher at 14,964 levels.
 
BUZZING STOCKS

Voltamp Transformers on Thursday rose 12.75 per cent to Rs 1,216.65 on the BSE, supported by the 10 per cent rally after the company recommended a total dividend of Rs 22.50 per share for the year ended March 31, 2019. READ MORE

Shares of Manpasand Beverages continued their downward spiral on Thursday, slipping 9.94 per cent to hit an all-time low of Rs 57.10 per share on the BSE. The stock took the beating after some of its officials, who are under judicial custody following search by the Goods and Services Tax (GST) department, were denied bail. The stock has tanked 48 per cent in the last four trading sessions. READ MORE

Shares of Info Edge (India) hit a new high of Rs 2,190, in intra-day trade before ending the day at Rs 2,161, up 5.28 per cent, , after the company reported a good set of numbers for the quarter ended March 2019 (Q4FY19). READ MORE

4:02 PM

Heatmap: S&P BSE Sensex

4:00 PM

Sectoral indices at close

4:00 PM

Market at close

3:38 PM

Market at close

The S&P BSE Sensex ended at 39,832, up 330 points while the broader Nifty50 index settled at 11,946, up 85 points.
3:09 PM

Just Dial rises 5.4%

2:55 PM

NEWS ALERT | Vaibhav Global approves buyback

Company approves a proposal to buyback its own fully paid-up equity shares of face value of Rs 10 from the equity shareholders of the company for a price not exceeding Rs 1,000 per equity share
2:44 PM

Alkem Labs gains post Q4 results

2:44 PM

NEWS ALERT | E-voting on NBCC's resolution plan for Jaypee Infratech to start on May 31: CNBC TV18

- Voting to end on June 10

- NBCC has proposed banks take over Rs 1,300 cr worth of unsold inventory versus Rs 1,700 cr proposed earlier

2:41 PM

NEWS ALERT | Alkem Labs Q4 result

- Net profit at Rs 167.3 crore vs Rs 67.1 crore (Q4FY18)

- Revenue at Rs 1,854.2 cr vs Rs 1,492 cr

2:35 PM

NEWS ALERT | Natco Pharma partners with Breckenridge to market carfilzomib in US: CNBC TV18

2:34 PM

NEWS ALERT | Natco Pharma settle generic carfilzomib injection patent litigation in US

2:34 PM

IIFL Holdings locked at 5% lower circuit post spin-off; hits Rs 200 on NSE

Shares of IIFL Holdings hit the lower circuit of 5 per cent at Rs 188 on the BSE after the stock turned ex-spin off today. On the National Stock Exchange (NSE), the stock slipped to Rs 200 apiece, its lower circuit filter for the day after opening at Rs 210. Till 12:54 pm, a combined 64,584 equity shares had changed hands and there were pending sell orders for 9,11,397 shares on the BSE and NSE. READ MORE



2:32 PM

Global markets check

Asian stocks tracked Wall Street losses on Thursday as the latest exchanges between Beijing and Washington signalled the heightened risk of a prolonged trade war, stoking investors’ concerns about the impact on global economic growth.

European stock futures were higher in early trade, trimming some losses after falling sharply the previous day. The pan-region Euro Stoxx 50 futures were up 0.46%, German DAX futures edge up 0.34% and FTSE futures gained 0.25%.

The Shanghai Composite Index fell 0.7 per cent and Hong Kong’s Hang Seng lost 0.4 per cent. Japan’s Nikkei was down 0.5 per cent and Australian stocks shed 0.85 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped to a fresh four-month low before finding a bit of traction to edge up 0.1 per cent.

(Reuters)
2:30 PM

Crude oil update

Oil prices rose on Thursday after an industry report showed a bigger-than-expected decline in U.S. crude inventories, although concerns that the U.S.-China trade war will trigger an economic downturn kept a lid on gains.

Brent crude futures, the international benchmark for oil prices, were at $69.85 per barrel, up 40 cents, or 0.6 per cent, from their last close. Brent fell nearly 1 per cent in the previous session. US West Texas Intermediate (WTI) crude futures were up 48 cents, or 0.8 per cent, at $59.29 a barrel.
2:16 PM

ALERT :: Sunil Godhwani, former Religare chairman, stopped at Delhi airport; not allowed to fly abroad: BTVi

Godhwani has been accused of committing fraud at Religare and Fortis Group companies: reports
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First Published: May 30 2019 | 6:48 AM IST

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