Bulls take charge ahead of exit polls: Sensex up 537 pts; Nifty over 11,400
All that happened in the market today
 "BSE")
Sensex and Nifty surged on the final day of a volatile week on Friday with both the benchmark indices gaining over a per cent each ahead of exit polls outcome on Sunday.
The benchmark Sensex zoomed almost 1.5 per cent, up 537 points, to close at 37,931, with Bajaj Finance, Hero MotoCorp, Maruti Suzuki India, Kotak Bank, and Bajaj Auto registering the biggest gains. Market breadth remained in favour of buyers with the advance-decline ratio at 3:2.
Kotak Mahindra, ICICI Bank, HDFC twins, and ITC were the biggest contributors in Sensex's march to the north.
The broader Nifty50 also surged 1.33 per cent, or 150 points, to end the day at 11,407. About 1,029 stocks advanced and 723 shares declined on National Stock Exchange.
Among sectoral indices, only three indices remained in the red, with Nifty Media gaining the highest 3.53 per cent. Nifty Bank, Nifty Auto, Nifty Finance Service, Nifty FMCG and Nifty Private Bank all rose more than 2 per cent.
In the broader market, the S&P BSE MidCap gained 153 points, or 1.08 per cent, at 14,308.36, while the S&P BSE SmallCap also rose 70 points, or 0.51 per cent, at 13,887.
GLOBAL MARKETS
Asian shares were trying to hold steady on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1 per cent and were off a 15-week trough.
Japan’s Nikkei bounced 0.7 per cent in early trade, while the main Australian index added 0.5 per cent.
In commodities, oil prices rose again on Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.
In commodities, oil prices rose again on Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.
3:43 PM
Top gainers and losers on S&P BSE Sensex at close
3:42 PM
Sectoral trend on NSE
3:41 PM
Market at close
3:38 PM
Market at close
The S&P BSE Sensex ended at 37,931, up 537 points while the broader Nifty50 index settled at 11,407, up 150 points.
3:25 PM
NEWS ALERT | Spencer's Retail board approves acquiring Nature's Basket from Godrej Industries: CNBC TV18
3:16 PM
Bajaj Auto gains after Q4 results
3:03 PM
Delta Corp hits 22-month low; stock plunges 17% on heavy volume
Delta Corp shares hit 22-month low of Rs 156, plunging 17 per cent, in intra-day trade on the BSE on Friday on the back of heavy volumes in an otherwise strong market. The stock was trading at its lowest level since July 7, 2017. In comparison, the benchmark S&P BSE Sensex was up 389 points or 1 per cent at 37,783. The trading volumes on the counter more than doubled with a combined 5.85 million shares, representing 2.2 per cent of total equity of Delta Corp, changing hands on the NSE and BSE. READ MORE
2:59 PM
NEWS ALERT | Bajaj Auto's Q4 one-time gain of Rs 342 cr is on reversal of duty paid from 2007-14
2:56 PM
NEWS ALERT | Bajaj Auto Q4 result
- EBITDA at Rs 1,162 crore
- EBITDA margin at 15.7%
- EBITDA margin at 15.7%
2:55 PM
Result impact | Bajaj Auto climbs over 5%
2:51 PM
NEWS ALERT | Bajaj Auto Q4 result
- Net profit at Rs 1,305.6 crore
- One time gain at Rs 342 crore
- Revenue at Rs 7,395 crore
- One time gain at Rs 342 crore
- Revenue at Rs 7,395 crore
2:30 PM
Tata Global Beverages climbs almost 7%
2:19 PM
Delta Corp slides 10%
2:16 PM
Edelweiss on Petronet LNG
We are revising down our target price 4% to Rs 219 (Rs 228 earlier) as we revise up our opex assumptions based on current run rate, leading to 4.5% cut in FY20/FY21E EPS. Maintain ‘HOLD’.
2:15 PM
Investec Securities on UltraTech Cement
UltraTech Cement (UTCEM) is our preferred play in the large cap cement space, though we note expensive FY20E valuations. Management’s bid to play pricing (securing market share), focus on cost initiatives with limited capex (200MW solar power), steady build-up of growth optionalities (strong capacity pipeline, NCLT assets) and sticky distribution are positives.
Extracting operational synergies and incentives are also part of the plan. We are positive on UTCEM’s strategy but retain HOLD on the back of expensive valuations. Our target price remains unchanged at Rs 4,712/share
Extracting operational synergies and incentives are also part of the plan. We are positive on UTCEM’s strategy but retain HOLD on the back of expensive valuations. Our target price remains unchanged at Rs 4,712/share
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First Published: May 17 2019 | 7:14 AM IST