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MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

Among the sectoral indices, Nifty IT index, was the top gainer of the day, jumping 3.1 per cent led by a sharp rise in stock prices of Wipro, Infosys and TCS.

Topics
Market Wrap  |  Sensex  |  Nifty

SI Reporter  |  New Delhi 

Snapping their three-session losing streak, the benchmark indices settled nearly 1.5 per cent higher on Tuesday led by gains in heavyweight stocks such as Reliance Industries (RIL), Infosys, Tata Consultancy Services (TCS), HDFC and HDFC Bank. The S&P BSE Sensex ended at 36,318, up 465 points or 1.3 per cent, while the broader Nifty50 index settled at 10,887, up 149 points or 1.4 per cent. Among the sectoral indices, Nifty IT index was the top gainer of the day, jumping 3.1 per cent led by a sharp rise in stock prices of Wipro, Infosys and ...

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MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

Top sectoral gainers and losers on NSE

MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

S&P BSE Sensex: Top gainers and losers

MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

Market at close   The S&P BSE Sensex rallied 465 points or 1.30 per cent to end at 36,318 while NSE's Nifty50 index climbed 149 points or 1.40 per cent to end at 10,887.

MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

Hindustan Media Ventures' Q3 profit down 25 pc to Rs 29 cr Hindustan Media Ventures Ltd (HMVL) Tuesday reported 25.40 per cent decline in net profit to Rs 29.16 crore for the third quarter ended December 31, 2018. The company had posted a net profit of Rs 39.09 crore in the October-December quarter of the previous fiscal, HMVL said in a BSE filing. READ MORE

MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

Top gainers on BSE500 COMPANY PRICE() CHG() CHG(%) VOLUME IFB INDS. 933.75 114.30 13.95 6150 INFIBEAM AVENUES 47.40 4.40 10.23 3189109 GODFREY PHILLIPS 986.65 67.10 7.30 71236 J & K BANK 40.05 2.65 7.09 758930 LUX INDUSTRIES 1160.00 69.65 6.39 4865 » More on Top Gainers

MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

Foseco India zooms 20% as board to consider voluntary delisting of shares Shares of Foseco India locked in upper circuit of 20 per cent at Rs 1,639 apiece on Tuesday after the company announced its board will meet on January 25, to consider voluntary delisting of equity shares from the BSE. “A meeting of the board of directors of the company will be held on Friday, 25 January 2019, to consider, approve and take on record the audited financial results of the company for the quarter and year ended 31 December 2018 and also to consider, if thought fit, to recommend the final dividend for the financial year ended 31 December 2018,” Foseco India said in a BSE filing today. Read more

MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

COMMENT | HDFC Securities on ICICI Securities   We are disappointed by management’s guidance of cost to income (C/I) ratio  of better than 50% by FY22E and believe that being a technology driven broker, ISEC has the ability to reduce operating leverage. This becomes even more critical given the cyclicality of broking revenues. As all major segments of the business are under pressure, we downgrade stock to NEUTRAL with a target price (TP) of Rs 298 (+8.6%) based on 16x Dec-20E EPS.

MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

Brexit vote: May faces likely defeat; biggest for a British govt in 95 yrs Prime Minister Theresa May is set to see her Brexit deal rejected in the biggest Parliamentary defeat for a British government in 95 years after her last minute pleas for support appeared to fall on deaf ears. The battle now is over not whether May loses, but how badly. At least 70 of her Conservative Party, as well as sometime allies in the Democratic Unionist Party, are publicly pledged to join opposition Members of Parliament in voting against her agreement Tuesday. That would translate into a defeat by a margin of 150 or more, the largest in over a century. Even if some abstain, a defeat by more than 100 would be the worst since 1924. Read more

MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 36,196.63 +343.07 +0.96   S&P BSE SENSEX 50 11,353.49 +118.25 +1.05   S&P BSE SENSEX Next 50 32,703.46 +173.23 +0.53   S&P BSE 100 11,135.18 +107.88 +0.98   S&P BSE Bharat 22 Index 3,450.51 +9.08 +0.26

MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

NEWS ALERT| Infosys adds nearly Rs 10,000 cr, RIL adds Rs 20,000 cr and TCS adds Rs 15000 cr to the market cap today

MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

Top gainers and losers on S&P BSE Sensex

First Published: Tue, January 15 2019. 08:13 IST
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MARKET WRAP: Sensex rallies 465 points led by IT stocks, RIL and HDFC twins

Among the sectoral indices, Nifty IT index, was the top gainer of the day, jumping 3.1 per cent led by a sharp rise in stock prices of Wipro, Infosys and TCS.

Snapping their three-session losing streak, the benchmark indices settled nearly 1.5 per cent higher on Tuesday led by gains in heavyweight stocks such as Reliance Industries (RIL), Infosys, Tata Consultancy Services (TCS), HDFC and HDFC Bank. The S&P BSE Sensex ended at 36,318, up 465 points or 1.3 per cent, while the broader Nifty50 index settled at 10,887, up 149 points or 1.4 per cent. Among the sectoral indices, Nifty IT index was the top gainer of the day, jumping 3.1 per cent led by a sharp rise in stock prices of Wipro, Infosys and ...

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