F&O Expiry: Sensex rallies 665 pts ahead of Interim Budget; IT, banks jump
Among sectors, the Nifty Bank index rose 1.75 per cent led by Axis Bank, State Bank of India (SBI) and HDFC Bank. The Nifty IT index gained 1.60 per cent led by Infosys, TCS and Tech Mahindra
 "(Photo: Kamlesh Pednekar)")
(Photo: Kamlesh Pednekar)
The benchmark indices ended over 1.5 per cent higher on Thursday on the expiry of January-series futures and options (F&O) contracts.
The sharp rally was led by gains in information technology (IT), banking and fast-moving consumer goods (FMCG) stocks.
The S&P BSE Sensex ended at 36,256, up 665 points or 1.87 per cent, while the broader Nifty50 index settled at 10,831, up 179 points or 1.68 per cent.
In the broader markets, the S&P BSE MidCap ended at 14,560, up 61 points or 0.42 per cent, while S&P BSE SmallCap settled at 13,926, up 111 points or 0.80 per cent.
Among sectors, the Nifty Bank index rose 1.75 per cent led by Axis Bank, State Bank of India (SBI) and HDFC Bank. The Nifty IT index gained 1.60 per cent led by Infosys, Tata Consultancy Services (TCS) and Tech Mahindra.
Buzzing Stocks
Shares of Axis Bank rose 4.42 per cent to end at Rs 721.45 on the BSE, after private sector lender posted a healthy set of numbers for the quarter ended December 31 (Q3FY19). The stock surpassed its previous high of Rs 703 recorded on January 30, 2019, on BSE in the intra-day trade.
Infosys rose 3.41 per cent to settle at Rs 749.60. The stock of information technology (IT) services Company was the largest gainer among S&P BSE Sensex and Nifty 50 indices at 01:17 pm.
The sharp rally was led by gains in information technology (IT), banking and fast-moving consumer goods (FMCG) stocks.
The S&P BSE Sensex ended at 36,256, up 665 points or 1.87 per cent, while the broader Nifty50 index settled at 10,831, up 179 points or 1.68 per cent.
In the broader markets, the S&P BSE MidCap ended at 14,560, up 61 points or 0.42 per cent, while S&P BSE SmallCap settled at 13,926, up 111 points or 0.80 per cent.
Among sectors, the Nifty Bank index rose 1.75 per cent led by Axis Bank, State Bank of India (SBI) and HDFC Bank. The Nifty IT index gained 1.60 per cent led by Infosys, Tata Consultancy Services (TCS) and Tech Mahindra.
Buzzing Stocks
Shares of Axis Bank rose 4.42 per cent to end at Rs 721.45 on the BSE, after private sector lender posted a healthy set of numbers for the quarter ended December 31 (Q3FY19). The stock surpassed its previous high of Rs 703 recorded on January 30, 2019, on BSE in the intra-day trade.
Infosys rose 3.41 per cent to settle at Rs 749.60. The stock of information technology (IT) services Company was the largest gainer among S&P BSE Sensex and Nifty 50 indices at 01:17 pm.
Global Markets
Asia stocks rose to a four-month high on Thursday after the Federal Reserve pledged to be patient with further interest rate hikes, signalling a potential end to its tightening cycle amid signs of slowing global growth.
MSCI's broadest index of Asia-Pacific shares outside Japan rose to its highest since October 4 and was last up 0.9 per cent. Japan's Nikkei rose 1 per cent. The Shanghai Composite Index climbed 0.3 per cent despite data showing China's factory activity contracted for a second straight month amid weakening orders. South Korea's KOSPI added 0.3 per cent.
(with Reuters input)
3:38 PM
Top sectoral gainers and losers on NSE
3:38 PM
S&P BSE Sensex: Top gainers and losers
3:35 PM
Market at close
The S&P BSE Sensex jumped 665 points or 1.87 per cent to end at 36,257, while NSE's Nifty50 index ended 179 points or 1.68 per cent higher at 10,831.
3:19 PM
STOCK IMPACT
Emami slips 1% post Q3 results
3:17 PM
NEWS ALERT
Emami Q3 consolidated PAT at Rs 137.8 crore vs Rs 147.2 crore year ago
3:13 PM
5 factors that drove Sensex 500 points higher ahead of Interim Budget 2019
Markets gained ground on Thursday with the S&P BSE Sensex rallying over 500 points, or around 1.5 per cent, in intra-day deals. On the National Stock Exchange (NSE), the Nifty50 moved up around 1.3 per cent, or 140 points, to hit an intra-day high of 10,813.
3:04 PM
STOCK IMPACT
Dabur gains over 1.5% post Q3 results
3:02 PM
NEWS ALERT
Dabur Q3 results: Consolidated net profit at Rs 366 crore, revenue at Rs 2,199 crore
2:54 PM
NEWS ALERT
Dabur appoints Mohit Malhotra as the Chief Executive Officer w.e.f. April 1
2:50 PM
Top gainers and losers on S&P BSE Sensex
2:43 PM
NEWS ALERT
Chalet Hotels fully subscribed; QIB 3.26x, HNI 0.96x, Retail 0.02x
2:38 PM
Airtel Africa completes $200-million funding deal with Qatar sovereign fund
Airtel Africa Thursday said it has completed an investment transaction of $200 million with the Qatar Investment Authority (QIA). "We hereby inform that upon receipt of full issue proceeds ie $200 million, the said primary equity issuance by Airtel Africa Limited, UK has now been completed," Airtel said in a regulatory filing. The company on Wednesday announced that QIA, the sovereign wealth fund of Qatar, would invest $200 million in Airtel Africa through a primary equity issuance. READ MORE
2:26 PM
» More on Top Gainers
Top gainers on BSE500
| COMPANY | PRICE(rupees) | CHG(rupees) | CHG(%) | VOLUME |
| VENKY'S (INDIA) | 2430.00 | 366.20 | 17.74 | 44247 |
| EIH | 204.10 | 24.20 | 13.45 | 198359 |
| AVANTI FEEDS | 348.50 | 32.10 | 10.15 | 175643 |
| GRAPHITE INDIA | 565.55 | 51.40 | 10.00 | 323424 |
| HEG | 2388.20 | 217.10 | 10.00 | 82440 |
2:16 PM
Axis Bank hits new high; Infosys nears its record high
Shares of Axis Bank hit a new high of Rs 710 apiece, rising 3 per cent on Thursday, thereby gaining 8 per cent in past three trading days on the BSE, after private sector lender posted a healthy set of numbers for the quarter ended December 31 (Q3FY19). The stock has surpassed its previous high of Rs 703 recorded on January 30, 2019, on BSE in the intra-day trade. Read more
2:07 PM
NMDC may not gain from higher global iron ore prices, say analysts
India’s largest iron ore mining company NMDC has lost about 22 per cent of its market value since mid-September on declining domestic iron ore prices. The company had to take price cuts over the past two months.
Moreover, concerns due to the halting of production at NMDC’s Donimalai mines in Karnataka, over mining rental issues, remain elevated. READ MORE
Topics :
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 31 2019 | 8:05 AM IST
