MARKET WRAP: Sensex reclaims 36,000, Nifty ends at 10,860 led by financials
The S&P BSE Sensex gained 269 points or 0.75 per cent to close at 36,077 while the NSE's Nifty50 index reclaimed the crucial 10,850 level to end at 10,860, up 80 points or 0.74 per cent.
 "Markets, Stocks, BSE, NSE, SENSEX")
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Firm global cues and buying in financial and pharma counters helped domestic benchmark indices settle in the positive territory for the third consecutive session on Friday.
The S&P BSE Sensex gained 269 points or 0.75 per cent to close at 36,077 while the NSE's Nifty50 index ended at 10,860, up 80 points or 0.74 per cent. Out of 50 constituents on the index, 38 ended in the green and rest 12 in the red.
The S&P BSE Sensex gained 269 points or 0.75 per cent to close at 36,077 while the NSE's Nifty50 index ended at 10,860, up 80 points or 0.74 per cent. Out of 50 constituents on the index, 38 ended in the green and rest 12 in the red.
Volatility benchmark India VIX declined over 6 per cent to 15.03, indicating lower volatility in the market.
As many as 8 stocks hit 52-week high on NSE including names such as Bata India and SPL Industries. On the contrary, 48 securities hit their one-year low.
On a weekly basis, both the headline indices rose around 1 per cent.
Buzzing Stocks
Buzzing Stocks
Among individual stocks, Lemon Tree Hotels ended 9 per cent higher at Rs 75 apiece on BSE after the company has formed a joint venture (JV) with an affiliate of Warburg Pincus, a leading global private equity firm, to create a co-living platform. The stock climbed as much as 12 per cent in the intra-day trade.
Real estate developer Peninsula Land surged 12 per cent in the intraday trade after it entered into an agreement to acquire 86 per cent of equity shares of Rockfirst Real Estate, thereby making it a wholly-owned subsidiary of the company. The stock eventually settled at Rs 11.34 apiece on BSE, up 5 per cent .
Sectorally, media stocks gained the most with the Nifty Media index rising 48 points or nearly 2 per cent to settle at 2,556. Pharma and financial stocks came second on the list.
In line with benchmarks, the broader market, too, gained around 1 per cent. The S&P BSE MidCap index ended at 15,360, up 0.93 per cent while the S&P BSE SmallCap index rose 0.86 per cent to settle at 14,606.
Global Markets
Asia stocks advanced on Friday after Wall Street ended volatile trade in positive territory, adding to the previous session's big gains, although lingering investor jitters helped support safe-haven currencies such as the yen.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8 per cent. It has fallen 3 per cent so far in December. The Shanghai Composite Index moved up 0.35 per cent. Australian stocks added 1 per cent and South Korea's KOSPI climbed 0.5 per cent. Japan's Nikkei bucked the trend and slipped 0.3 per cent, losing some steam after surging nearly 4 per cent on Thursday.
Oil Prices
US oil prices rose on Friday to claw back some of the ground they lost in the previous session, but growth in US crude stockpiles and ongoing concerns about the global economy kept markets under pressure.
US West Texas Intermediate (WTI) crude futures, were up $1.37, or 3.07 per cent, at $45.98 per barrel, having earlier rising as high as $46.05 per barrel. They ended Thursday down 3.48 per cent, or $1.61, at $44.61 a barrel. Brent crude had yet to trade. It dropped 4.24 per cent, or $2.31, the day before to settle at $52.16 per barrel.
(with Reuters inputs)
4:05 PM
MARKET COMMENT Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas
Indian indices continue to hold positive momentum tracking firm global cues. Nifty ended this week above 10,800 mark led by banking and FMCG stocks. The domestic sentiment remained optimistic with reports that the government is contemplating several incentives for farmers ahead of the 2019 Lok Sabha elections. Investor to closely track global economic outlook, movement in crude oil and currency along with Q3FY19 earning season due in January.
We believe long term investors can use volatility in the market to their advantage and maintain a stock-specific approach. We prefer Britannia and Hindustan Unilever from consumption space as macro economic indicator are showing signs of improvement and government focus on rural schemes will boost rural consumption
Indian indices continue to hold positive momentum tracking firm global cues. Nifty ended this week above 10,800 mark led by banking and FMCG stocks. The domestic sentiment remained optimistic with reports that the government is contemplating several incentives for farmers ahead of the 2019 Lok Sabha elections. Investor to closely track global economic outlook, movement in crude oil and currency along with Q3FY19 earning season due in January.
We believe long term investors can use volatility in the market to their advantage and maintain a stock-specific approach. We prefer Britannia and Hindustan Unilever from consumption space as macro economic indicator are showing signs of improvement and government focus on rural schemes will boost rural consumption
3:37 PM
Sectoral gainers on NSE
3:36 PM
Gainers and losers of the day on BSE Sensex
3:34 PM
Market at close
The S&P BSE Sensex ended at 36,077, up 269 points or 0.75 per cent, while the broader Nifty50 index settled at 10,860, up 80 points or 0.74 per cent.
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2:49 PM
NEWS ALERT | Peninsula Land enters into an agreement to acquire 86% of equity in Rockfirst Real Estate; stock jumps 9%
2:48 PM
Oil prices rebound but still weak due to oversupply
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Brent crude oil was up $1.20, or 2.3 per cent, at $53.36 a barrel, having earlier risen more than 3 per cent. It had dropped 4.2 per cent on Thursday. US light crude was up $1.20, or 2.7 per cent, at $45.81, after rising 3.6 per cent in early trade. READ MORE
2:34 PM
Top gainers and losers on S&P BSE Sensex
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First Published: Dec 28 2018 | 8:14 AM IST