MARKET WRAP: Sensex gains 336 pts; Nifty above 11,750; financials advance
All that happened in the markets today
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A late surge in the benchmark indices, lifted by gains in financials and metals, took Sensex nearly 300 points, up almost 1 per cent, higher and Nifty beyond the 11,750-mark after a rangebound morning trade.
The Sensex was up 336.47 points, or 0.87 per cent, at 39,067, with Tata Steel, ICICI Bank, Axis Bank, TCS and State Bank of India among the top gainers. 12 of the 30 constitutents ended in the red while the rest 18 finished the day in the green. About 1,184 shares advanced, 1,509 shares declined, and 205 shares remained unchanged.
Nifty50 too registered gain in the late hours to end at 11,755, up 113 points, or 0.9 per cent. About 609 shares advanced, 931 declined, and 119 remained unchanged.
On sectoral basis, only Nifty Auto, Nifty Media, and Nifty Realty indices ended in red. The biggets gainers were Nifty Metal, Nifty Bank, and Nifty Private Bank indices that rose 1.86 per cent, 1.53 per cent, and 1.46 per cent, respectively.
Among broader markets, S&P BSE MidCap index slipped 66 points, or 0.44 per cent, to end at 15,064 while S&P BSE SmallCap index also closed in the red, down 25 points, or 0.17 per cent, at 14,813.38.
BUZZING STOCKS
Maruti Suzuki India shares slipped 1 per cent to Rs 6,832.15 on the BSE after the company reported a weak set of numbers for the March quarter (Q4FY19). READ MORE
GHCL rose 7.25 per cnt to Rs 259 on the back of heavy volumes after the company reported a healthy 44 per cent year-on-year (YoY) growth in net profit at Rs 119 crore in the March quarter (Q4FY19). READ MORE
Shares of Tata Steel rallied almost 7 per cent to Rs 545 on the BSE after the company reported a better-than-expected consolidated net profit of Rs 2,295 crore in the March quarter (Q4FY19). READ MORE
GLOBAL MARKETS
Asian shares were headed for their biggest weekly loss in more than a month on Friday, while the dollar held around two-year highs on speculation that U.S. data later in the day will show its economy is outperforming the rest of the developed world.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 per cent for its third straight day of losses, with most stock markets around the region either down or flat. For the week, the index fell 1.3 per cent.
Oil prices dipped on Friday on expectations that OPEC will raise output to counter shrinking exports from Iran after sanctions imposed by the United States, where crude stocks have swelled. Brent crude futures were at $74.24 per barrel, down 11 cents. US West Texas Intermediate (WTI) crude futures were at $64.96 per barrel, down 25 cents.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 per cent for its third straight day of losses, with most stock markets around the region either down or flat. For the week, the index fell 1.3 per cent.
Oil prices dipped on Friday on expectations that OPEC will raise output to counter shrinking exports from Iran after sanctions imposed by the United States, where crude stocks have swelled. Brent crude futures were at $74.24 per barrel, down 11 cents. US West Texas Intermediate (WTI) crude futures were at $64.96 per barrel, down 25 cents.
(With inputs from Reuters)
4:12 PM
» More on Top Losers
Top losers on BSE500
| COMPANY | PRICE(rs) | CHG(rs) | CHG(%) | VOLUME |
|---|---|---|---|---|
| RELIANCE POWER | 7.40 | -0.54 | -6.80 | 8479629 |
| PIRAMAL ENTERP. | 2395.00 | -160.25 | -6.27 | 94640 |
| PC JEWELLER | 124.40 | -7.90 | -5.97 | 3861133 |
| 3M INDIA | 23456.70 | -1362.00 | -5.49 | 683 |
| RAJESH EXPORTS | 678.00 | -35.75 | -5.01 | 54596 |
4:11 PM
Heatmap: S&P BSE Sensex
4:11 PM
Nifty sectoral indices at close
3:38 PM
Market at close
3:37 PM
Market at close | NSE Nifty gains 113 points, or 0.97 per cent, to close at 11,755
3:36 PM
Market at close | BSE Sensex closes 336 points higher at 39,067
3:28 PM
Nifty Auto index under pressure
3:11 PM
Sectoral trend on NSE
2:51 PM
Nifty Bank up over 400 points
2:50 PM
NEWS ALERT | Nirav Modi to remain in police custody till May 24, reports CNBC TV18
2:48 PM
NEWS ALERT | Q4 result | Piramal enterprises announces dividend of Rs 28 per share
Company declares a 22 per cent rise in profit at Rs 457 crore, revnue up 23 per cent at Rs 3,680 cr against the same quarter last year.
2:47 PM
ICICI Securities on Maruti Suzuki India
Going forward, we expect sales and PAT to grow at a CAGR of 9.3 per cent & 8.2 per cent, respectively, in FY19-21E. We build in 5.7 per cent volume CAGR and EBITDA margin trajectory of 12.5-13 per cent over FY19-21E. We value MSIL at Rs 5,815 i.e. 20x P/E (in line with long term averages) on FY21E EPS of Rs 290.7 and assign a SELL rating on the stock.
2:44 PM
ICICI Securities on Biocon
With better visibility, the company has optically accelerated the scalability capex and R&D, which is likely to push related expenses higher in the near term. Biosimilar launches in developed as well as emerging markets and Syngene’s performances remain key levers for the company. On an SoTP basis, we ascribe a target price of Rs 730 per share. BUY
2:36 PM
NEWS ALERT | Crude oil prices fall sharply; Brent slips over 1%
2:28 PM
» More on 52 Week High
Stocks that hit 52-week high on S&P BSE Sensex
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| AUROBINDO PHARMA | 824.50 | 833.40 | 28.90 | 3.63 |
| BANK OF MAHA | 19.39 | 19.55 | 0.73 | 3.91 |
| DR REDDY'S LABS | 2895.00 | 2954.45 | -29.15 | -1.00 |
| HCL TECHNOLOGIES | 1135.95 | 1168.00 | 4.80 | 0.42 |
| SIEMENS | 1189.45 | 1198.60 | 2.00 | 0.17 |
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First Published: Apr 26 2019 | 7:24 AM IST
