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MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

The S&P BSE Sensex added 33 points or 0.1 per cent to settle at 35,963, with Bharti Airtel (up 5 per cent) being the top gainer and HDFC (down nearly 2 per cent) the worst laggard.

SI Reporter  |  New Delhi 

BSE, NSE, Markets, SENSEX
Photo: Shutterstock.com

After witnessing a rangebound session throughout the day, the domestic equity market ended with marginal gains on Friday, led by buying in telecom, IT and energy stocks. The S&P BSE added 33 points or 0.1 per cent to settle at 35,963, with Bharti Airtel (up 5 per cent) being the top gainer and HDFC (down nearly 2 per cent) the worst laggard.

The broader Nifty50 index of National Stock Exchange (NSE) closed the day at 10,805, up 14 points or 0.13 per cent. Out of 50 constituents, 29 ended in the green while 21 in the red. 

A total of 2,704 companies traded on BSE, out of which 1,260 advanced and 1,300 declined while 144 stocks remained unchanged.

On a weekly basis, gained 0.81 per cent while NSE's added 1 per cent.

Among the sectoral indices, the Pharma index declined the most (down nearly 1 per cent), weighed down by Aurobindo Pharma and Divi's Laboratories.

Among individual stocks, Max India zoomed 20 per cent to Rs 80 apiece after reports said it was likely to exit from the health insurance business. 

Shares of Fortis Healthcare tanked over 14 per cent in the intra-day trade to Rs 130 on the National Stock Exchange (NSE) after the Supreme Court put company's sale to IHH on hold. The stock, however, pared losses and eventually closed at Rs 141 apiece, down 7 per cent. 

Shares of telecom services providers such as Bharti Airtel and Vodafone Idea rallied in an otherwise subdued market after Telecom Disputes Settlement and Appellate Tribunal (TDSAT) quashed Trai's predatory pricing rule. Bharti Airtel jumped 10 per cent to Rs 333, while Vodafone Idea climbed 8 per cent to Rs 37.60 on BSE in the intra-day trade. At close, shares of Bharti Airtel stood at Rs 319, up over 5 per cent while those of Vodafone Idea settled at Rs 36, up over 3.5 per cent.
 
The broader market indices moved in line with benchmarks. The S&P BSE Midcap index settled at 15,193, up 29 points while S&P BSE SmallCap ended just 4 points higher at 14,502. 

Global Markets
 
Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-US trade dispute.The MSCI All-Country World Index, which tracks stocks across 47 countries, was down half a per cent. 

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.5 percent. Japan’s Nikkei, also dragged down by the country’s weak tankan sentiment index, dropped 2.0 per cent. 

(with Reuters input)

MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

Sectoral performers of the day on NSE

MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

BSE Sensex: gainers and losers of the day

MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

Market at close   The S&P BSE Sensex ended at 35,963, up 33 points, or 0.1 per cent, while the broader Nifty50 index settled at 10,805, up 14 points or 0.1 per cent.

MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

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MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

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MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

ONGC rebounds 6% as board mulls share buyback   Shares of Oil and Natural Gas Corporation (ONGC) have moved higher by 5% to Rs 150, bouncing back 6% from the intra-day low of Rs 141 on BSE, after the company said its board will meet on Thursday, December 20, 2018, to consider a share buyback proposal. Read more

MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

ONGC to consider share buyback next week, stock rises 4%

MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

Stocks that touched 52-week low on BSE500 COMPANY PRICE() 52 WK LOW CHG() CHG(%) NARAYANA HRUDAYA 200.40 200.40 -5.05 -2.46 TEJAS NETWORKS 201.40 194.25 3.35 1.69 TIME TECHNOPLAST 101.40 93.00 -0.55 -0.54 » More on 52 Week Low

MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

NEWS ALERT RBI board meeting concludes

MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 35,923.93 -5.71 -0.02   S&P BSE SENSEX 50 11,290.71 +0.40 0.00   S&P BSE SENSEX Next 50 32,259.67 -56.71 -0.18   S&P BSE 100 11,059.40 -2.58 -0.02   S&P BSE Bharat 22 Index 3,395.28 +2.09 +0.06

MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

Saudi Arabia planning to slash oil exports to the US in coming weeks After flooding the US market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming weeks in an effort to dampen visible build-ups in crude inventories.   American-based oil refiners have been told to expect much lower shipments from the kingdom in January than in recent months following the Opec agreement to reduce production, according to people briefed on the plans of state oil company Saudi Aramco. READ MORE

First Published: Fri, December 14 2018. 08:10 IST
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MARKET WRAP: Indices end flat, Nifty holds 10,800; Max India rallies 20%

The S&P BSE Sensex added 33 points or 0.1 per cent to settle at 35,963, with Bharti Airtel (up 5 per cent) being the top gainer and HDFC (down nearly 2 per cent) the worst laggard.

After witnessing a rangebound session throughout the day, the domestic equity market ended with marginal gains on Friday, led by buying in telecom, IT and energy stocks. The S&P BSE added 33 points or 0.1 per cent to settle at 35,963, with Bharti Airtel (up 5 per cent) being the top gainer and HDFC (down nearly 2 per cent) the worst laggard.

The broader Nifty50 index of National Stock Exchange (NSE) closed the day at 10,805, up 14 points or 0.13 per cent. Out of 50 constituents, 29 ended in the green while 21 in the red. 

A total of 2,704 companies traded on BSE, out of which 1,260 advanced and 1,300 declined while 144 stocks remained unchanged.

On a weekly basis, gained 0.81 per cent while NSE's added 1 per cent.

Among the sectoral indices, the Pharma index declined the most (down nearly 1 per cent), weighed down by Aurobindo Pharma and Divi's Laboratories.

Among individual stocks, Max India zoomed 20 per cent to Rs 80 apiece after reports said it was likely to exit from the health insurance business. 

Shares of Fortis Healthcare tanked over 14 per cent in the intra-day trade to Rs 130 on the National Stock Exchange (NSE) after the Supreme Court put company's sale to IHH on hold. The stock, however, pared losses and eventually closed at Rs 141 apiece, down 7 per cent. 

Shares of telecom services providers such as Bharti Airtel and Vodafone Idea rallied in an otherwise subdued market after Telecom Disputes Settlement and Appellate Tribunal (TDSAT) quashed Trai's predatory pricing rule. Bharti Airtel jumped 10 per cent to Rs 333, while Vodafone Idea climbed 8 per cent to Rs 37.60 on BSE in the intra-day trade. At close, shares of Bharti Airtel stood at Rs 319, up over 5 per cent while those of Vodafone Idea settled at Rs 36, up over 3.5 per cent.
 
The broader market indices moved in line with benchmarks. The S&P BSE Midcap index settled at 15,193, up 29 points while S&P BSE SmallCap ended just 4 points higher at 14,502. 

Global Markets
 
Stocks worldwide tumbled on Friday after weak economic data from China and Europe fanned concerns of a global economic slowdown and left investors fretting over the wider impact of a still-unresolved Sino-US trade dispute.The MSCI All-Country World Index, which tracks stocks across 47 countries, was down half a per cent. 

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.5 percent. Japan’s Nikkei, also dragged down by the country’s weak tankan sentiment index, dropped 2.0 per cent. 

(with Reuters input)

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