MARKET WRAP: Sensex rises 732 pts, Nifty ends at 10,472; India VIX eases 8%

The Nifty Auto index settled 4 per cent higher led by a rally in shares of Mahindra & Mahindra and Maruti Suzuki India. The Nifty Bank index, too, rose 2.5 per cent led by IndusInd Bank and ICICI Bank

3:36 PM

Sectoral trends on NSE

3:35 PM

BSE Sensex: Top gainers & losers

3:34 PM

Market At Close
 

The S&P BSE Sensex settled at 34,733.58, up 732 points or 2.15 per cent while NSE's Nifty50 index gained 238 points or 2.32 per cent to end at 10,472.50.

3:16 PM

Auto index set to post sharpest single day gain in 31 months

Shares of automobile companies were riding high on the bourses on Friday as Nifty Auto and the S&P BSE Auto indices, set to post their sharpest single-day rally in 31 months, amid fall in oil prices and rupee recovery from record lows.
 

At 02:38 PM; Nifty Auto (up 4.02%) and the S&P BSE Auto (up 4.2%) indices were up more than 4%, as compared to 2% rise in the benchmark indices. Earlier, on March 1, 2016, auto indices were up 4.3% in a single day. READ MORE

3:00 PM

Oil rebounds to $81, pares gain as IEA sees adequate supply

 

Oil rose to $81 a barrel on Friday, rebounding after two days of declines, though prices pared gains after another closely watched forecaster deemed supply adequate and the outlook for demand weakening. Crude was still heading for its first weekly drop in five weeks, pressured by a big rise in U.S. inventories and fading concerns that looming U.S. sanctions on Iran will cut supplies significantly. Read More

2:47 PM

Nifty Metal index up 3.44% led by gains in Jindal Steel

2:30 PM

IEA sees world oil market 'adequately supplied'

 

Oil markets look "adequately supplied for now" after a big increase in production over the last six months but the oil industry is coming under strain as it copes with increasing global demand, the West's energy watchdog said on Friday. The International Energy Agency said in its monthly report that the world's spare oil production capacity was already down to only 2 percent of global demand, with further reductions likely to come. Read More

2:15 PM

Multiple earnings triggers for GAIL amid risks of subsidy sharing

 

Amidst the overhang and risks of subsidy sharing, stocks of all public sector (PSU) oil and gas companies have seen sharp cuts. GAIL, too, fell about 12 per cent in October, before seeing some rebound over the past two days. While the Centre has not indicated any move to push PSU oil firms to share subsidies, Nilesh Ghughe at HDFC securities says that if it does, GAIL stands to be the last in the pecking order, while ONGC/OIL India would be the first to share the subsidy burden, followed by oil marketing companies. Read More

2:00 PM

Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	34,740.69	+739.54	+2.18
S&P BSE SENSEX 50	10,940.42	+231.14	+2.16
S&P BSE SENSEX Next 50	30,930.32	+922.60	+3.07
S&P BSE 100	10,699.44	+239.96	+2.29
S&P BSE Bharat 22 Index	3,339.79	+65.67	+2.01

1:46 PM

Power stocks rally; Tata Power, CESC, Adani Power gain up to 16%

Shares of electric utility companies such as Tata Power, Reliance Infrastructure, Adani Power, CESC and JSW Energy have rallied by up to 16% on the BSE in intra-day trade on hopes of the Gujarat government’s panel may bring Rs 1.29 trillion relief to state’s three stranded power projects. Tata Power soared 16% to Rs 72.15 on the BSE in intra-day trade on the back of an over 10-fold jump in trading volumes. READ MORE

1:29 PM

Investment strategies in current market

 

The sharp correction in equities over the past few weeks has shaken investors' confidence in the asset class. Though the headline indices have tumbled over 10 per cent from peak levels, the fall in select individual stocks - especially in the mid-and small-cap segments has been much sharper. With the portfolios bleeding, investors are now seeking safer options to park their money. Read More

1:15 PM

Nifty Auto index rises over 4% led by M&M

1:00 PM

Hindustan Unilever trades firm ahead of Q2 earnings, stock up 2.4%

 

Shares of Hindustan Unilever (HUL) are up 2.4% at Rs 1,566 on the BSE ahead of its July-September quarter (Q2FY19) earnings today. The fast-moving consumer goods (FMCG) company will announce results after market hours. Since July 16, 2018, post-June quarter results (Q1FY19), HUL had underperformed the market by falling 13%, as compared to 6.4% decline in the S&P BSE Sensex. Read More

12:45 PM

How a fundamental view differs from a technical view

 

What should I use; fundamentals or technicals? This is a question that has plagued investors for a long time and there are still no clear answers. A lot of investors tend to look at fundamentals as a key to long-term investing and technicals as a way to quick-fix trading. While the understanding is broadly on the right track, it misses out some key nuances about fundamental and technical analysis. A fundamental analyst does spend a lot of time looking for value. Are the cash flows healthy; are the margins healthy; how good is the management; is the product disruptive; these are some of the key questions that a fundamental analyst asks. The technical analyst, on the other hand, is more focused on the charts. Read More

12:35 PM

Govt loses Rs 6 trillion in market rout as PSU stocks take a beating

 

The sharp fall in markets has dealt a telling blow to the government. The value of government holding in listed PSUs has reduced by Rs 6 trillion from their one-year highs. An analysis of data from Capitaline shows the 41 state-owned stocks have halved from their 52-week highs and another 32 are currently trading at 12-44 per cent below their 52-week highs. Experts say investor sentiment towards the PSU space is at one of its lowest points. “The PSU space has underperformed the most, whether large-caps or mid-caps. Read More