Sensex holds 39k ahead of Lok Sabha poll result; India VIX hits 4-yr high
All that happened in the stock market ahead of 2019 Lok Sabha election outcome on May 23
 "bse, sensex, bombay stock exchange")
Benchmark indices ended Wednesday's session with minor gains amid volatile trade as investors turned cautious on the eve of the Lok Sabha 2019 election outcome. After hitting an intra-day high of 39,249.08, Sensex finally settled 140 points, or 0.36 per cent higher at 39,110 while Nifty50 ended the day at 11,738, up 29 points or 0.25 per cent.
India VIX, a gauge of voltality on the NSE, touched a 4-year high of 30.18 in intra-day deals.
IndusInd, Sun Pharma, Bajaj Auto, Bharti Airtel, and Coal India were the BSE's top gainers. Out of the 30 constituents, 25 ended in the green. The market breadth remained in favour of buyers. About 969 stocks advanced and 770 shares declined on the NSE.
Only three out of the 11 Nifty sectoral indices ended the day in red, with Nifty Private Bank registering the maximum gain of 0.8 per cent while Nifty Bank rose 0.7 per cent.
In the broader market, the S&P BSE MidCap index dipped 24 points, or 0.2 per cent, to settle at 14,672, while the S&P BSE SmallCap rose 77 points, or 0.5 per cent, to end the day at 14,369.
BUZZING STOCKS
Dewan Housing Finance Corporation (DHFL) plunged as much as 18 per cent to Rs 107 in the early trade on Wednesday on the BSE after the non-banking finance company (NBFC) stopped accepting fresh public deposits and renewals of existing deposits. The stock, however, pared some losses to end the day 12 points, or 9.4 per cent lower, at Rs 117.65. READ MORE
Find more buzzing stocks here
Dewan Housing Finance Corporation (DHFL) plunged as much as 18 per cent to Rs 107 in the early trade on Wednesday on the BSE after the non-banking finance company (NBFC) stopped accepting fresh public deposits and renewals of existing deposits. The stock, however, pared some losses to end the day 12 points, or 9.4 per cent lower, at Rs 117.65. READ MORE
Shares of Jet Airways (India) rallied 5 per cent to Rs 158.55 apiece on the BSE on Wednesday on the back of heavy volumes being traded on the hopes of the airline's revivial. The share has surged 32 per cent so far in this week. READ MORE
Find more buzzing stocks here
3:47 PM
» More on Top Gainers
Top gainers on BSE500
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| TIMKEN INDIA | 666.45 | 111.05 | 19.99 | 81475 |
| RELIANCE POWER | 7.85 | 0.93 | 13.44 | 12256657 |
| NAVA BHARAT VENT | 103.10 | 9.55 | 10.21 | 140849 |
| CAPLIN POINT LAB | 399.50 | 34.30 | 9.39 | 35387 |
| BHARAT FINANCIAL | 957.70 | 65.00 | 7.28 | 107750 |
3:46 PM
Market at close
3:46 PM
Heatmap: S&P BSE Sensex
3:34 PM
Market at close
The S&P BSE Sensex ended at 39,110, up 140 points while the broader Nifty50 index settled at 11,738, up 29 points.
3:20 PM
Bank stocks trade mixed
| COMPANY NAME | LATEST | HIGH | LOW |
CHG (rs) | CHG(%) |
|---|---|---|---|---|---|
| YES BANK | 137.10 | 141.55 | 135.45 | -3.90 | -2.77 |
| IDBI BANK | 36.40 | 36.45 | 34.65 | 0.95 | 2.68 |
| PUNJAB NATL.BANK | 84.45 | 85.80 | 82.70 | -1.70 | -1.97 |
| ST BK OF INDIA | 340.05 | 341.00 | 333.55 | 2.50 | 0.74 |
| BANK OF BARODA | 126.25 | 128.25 | 125.00 | 0.90 | 0.72 |
3:11 PM
Bharti Infratel slips in trade
3:03 PM
Jet Airways soars over 7%
2:58 PM
Fading political uncertainty in India raises hopes of an economic rebound
India's economy showed nascent signs of a recovery in April as a general election got underway, helping to somewhat lift the political uncertainty holding back investments.
Overall activity from eight high-frequency indicators compiled by Bloomberg News suggest the economy picked up slightly last month, with the dot moving one notch to the right. The dashboard is a measure of “animal spirits,” a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action. READ MORE
2:46 PM
Reliance Power climbs over 5.5%
2:35 PM
» More on 52 Week Low
Stocks that hit 52-week low on S&P BSE Sensex
| COMPANY | PRICE(rs) | 52 WK LOW | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| AMARA RAJA BATT. | 616.25 | 603.25 | -11.85 | -1.89 |
| DHANUKA AGRITECH | 360.00 | 355.00 | -5.45 | -1.49 |
| ERIS LIFESCIENCE | 572.20 | 565.25 | -32.65 | -5.40 |
| FORTIS HEALTH. | 125.95 | 124.70 | 0.35 | 0.28 |
| JUBILANT LIFE | 520.00 | 516.00 | -17.40 | -3.24 |
2:16 PM
Nifty Bank index is trading 1 per cent higher
1:59 PM
MARKET CHECK
1:50 PM
Symphony Q4 result: Ebitda margin at 12.3% vs 28.3% YoY
1:50 PM
Symphony Q4 results: Ebitda down 42% at Rs 29 cr YoY
1:48 PM
Symphony Q4 results: One-time loss at Rs 20 cr
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First Published: May 22 2019 | 7:23 AM IST
