MARKET WRAP: Sensex closes above 39,000, Nifty ends at 11,713; autos gain
All that happened in markets today
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The domestic equity market ended in the positive territory on Tuesday amid buying in select blue-chip counters such as Tata Motors, Bharti Airtel, TCS and Bajaj Finance.
The S&P BSE Sensex closed above the crucial 39,000-mark for the first time at 39,057, up 185 points or 0.48 per cent.
The NSE's Nifty50 index closed at 11,713, up 44 points or 0.38 per cent, with 23 constituents advancing and 27 declining.
The broader market, however, underperformed the benchmark indices as the S&P BSE MidCap index fell 6 points or 0.04 per cent to end at 15,554 while the S&P BSE SmallCap dropped 28 points or 0.18 per cent to close at 15,117.
Sectorally, realty stocks advanced the most, followed by PSU banks and auto. The Nifty Realty index settled at 273, up 6 points or 2.32 per cent.
BUZZING STOCKS
Shares of Tata Motors jumped over 8 per cent to Rs 203, gaining over 17 per cent in the past two trading days on the BSE, after the company’s wholly-owned subsidiary Jaguar Land Rover (JLR) said it expects better financial results for the quarter ended March 2019 (Q4FY19).
Shares of power companies such as Adani Power, Tata Power, NTPC and Power Grid surged during the day after the Supreme Court quashed the Reserve Bank of India’s February 12 circular via which the banking sector regulator had asked banks to take defaulting power, sugar, shipping and other sector companies to insolvency
On the contrary, midcap IT company Cyient slipped over 12 per cent to Rs 571.30 on the BSE during the session on concerns over a drop in revenue during March quarter (Q4FY19) due to delay in an order worth around $5 million. The stock, eventually, closed at Rs 579.40 apiece, down 11 per cent on BSE.
GLOBAL CUES
Asian markets continued to rally on the back of the positive US and Chinese manufacturing data.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 percent. The broader NSE Nifty was up 0.19 percent at 11,691.55 as of 0623 GMT, while the benchmark BSE Sensex was 0.25 percent higher at 38,968.97.
3:42 PM
Sectoral gainers and losers on NSE
3:41 PM
Top gainers and losers on S&P BSE Sensex
3:39 PM
MARKET AT CLOSE
The S&P BSE Sensex gained 185 points or 0.48 per cent to settle at 39,057, while the NSE's Nifty50 index ended above 11,700 level at 11,713, up 44 points or 0.38 per cent.
3:11 PM
RBI to cut rates again before polls; BJP win best for economy: Reuters poll
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2:55 PM
STOCK ALERT | Tata Motors back above Rs 200/share for the first time since November 9, 2018
2:41 PM
Nifty Pharma index is trading 0.86% lower
2:30 PM
Market check
2:22 PM
Expert comment on SC's verdict on RBI's Feb 12 circular
“The current SC ruling quashing the Feb’12 RBI circular on NPAs may have its own merit. However, with respect to an escalation of default cases, this ruling will raise significant questions around the timely reporting and resolution under IBC - the primary reason behind IBC’s enactment. There are a host of wilful default and fraud cases still under the IBC, and more clarity would be required on how the same would be dealt with by Resolution Professionals/ Committee of Creditors," says Vikram Babbar, Partner and Financial Services Lead, Forensic & Integrity Services, EY.
2:20 PM
Bharti Airtel surges 5%
2:11 PM
Sectoral trends on NSE
2:04 PM
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2:00 PM
Infosys nears record high; stock up 5% in one week
Infosys shares were trading higher for the fifth straight day, up 1.3 per cent, at Rs 765 on Tuesday in intra-day trade, gaining 5 per cent in one week on the BSE. In comparison, the benchmark S&P BSE Sensex was up 2 per cent during the week. READ MORE
1:50 PM
Heatmap: S&P BSE Sensex
1:37 PM
» More on 52 Week High
Stocks that hit 52-week high on BSE500
| COMPANY | PRICE(rs) | 52 WK HIGH | CHG(rs) | CHG(%) |
|---|---|---|---|---|
| ASIAN PAINTS | 1509.30 | 1512.00 | 18.85 | 1.26 |
| BAJAJ FINSERV | 7226.25 | 7236.60 | 85.50 | 1.20 |
| INDIAN HOTELS | 158.50 | 159.00 | 4.05 | 2.62 |
| KARNATAKA BANK | 135.15 | 138.95 | 0.10 | 0.07 |
| MERCK | 3800.65 | 3829.95 | 40.80 | 1.09 |
1:25 PM
Metropolis Healthcare IPO to open tomorrow; should you subscribe?
The country’s second largest diagnostics player by profits, Metropolis, will become the third player to be listed post its IPO after Thyrocare and Dr Lal Pathlabs. The company is seeking to expand its presence in a large under-penetrated market which is dominated by smaller, unorganised players. READ MORE
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First Published: Apr 02 2019 | 8:04 AM IST