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MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

The broader Nifty50 index of National Stock Exchange (NSE) reclaimed the crucial 10,900 level to settle at 10,910, up 48 points or 0.44 per cent.

SI Reporter  |  New Delhi 

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Erasing all its losses, the domestic equity market ended with decent gains on the first trading day of 2019. Aided by buying in heavyweights such as HDFC Bank,  HDFC, Infosys and ICICI Bank, the S&P BSE gained 186 points or 0.52 per cent to settle at 36,255. During the day, the benchmark index hit an intraday high and low of 36,284.04 and 35,888.62, respectively. 

The NSE's Nifty50 index reclaimed the crucial 10,900 level to settle at 10,910, up 48 points or 0.44 per cent. Out of 50 components, 32 ended in the green and rest 18 in the red. 

In the broader markets, the S&P BSE MidCap index closed flat at 15,426, down just 12 points. However, the S&P BSE SmallCap index ended 60 points higher at 14,767 levels.

Among the sectoral indices, the PSU Bank index gained over one and half per cent led by Bank of Baroda and Punjab National Bank. The Realty index, too, surged over 2 per cent led Prestige Estates Projects and Oberoi Realty.

INDIVIDUAL STOCKS

Shares of public sector undertaking (PSU) banks gained for the third straight day on hopes of receding bad loans problem. Bank of Baroda (up 4%), Bank of India (up 2%), Oriental Bank of Commerce (up 2%), Punjab National Bank (up 2%) and Union Bank of India (up 3%) hit their respective three-month highs today.

Auto major Mahindra & Mahindra (M&M) ended 4 per cent lower at Rs 773 apiece after reporting disappointing sales numbers for December 2018 due to tight liquidity and low buying sentiment.

Atul Auto hit an upper circuit limit of 20 per cent at Rs 348.20 after the company posted a strong 50 per cent growth in sales numbers for December 2018. The three-wheeler manufacturer sold 4,332 units in December against 2,890 units in the same month last year. The company’s total vehicle sales during December quarter grew 39 per cent at 13,808 units, as compared to 9,922 units sold in the previous year quarter. 

On the global front, most Asian were shut today on account of New Year.

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

Sectoral gainers and losers of the day on NSE

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

Gainers and losers on BSE Sensex

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

Market at close   The S&P BSE Sensex ended at 36,255, up 186 points or 0.52 per cent, while the broader Nifty50 index settled at 10,910, up 48 points or 0.44 per cent.

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

PSU banks extend gains; BoB, BoI, PNB hit 3-month highs   Bank of Baroda (up 3% at Rs 123), Bank of India (2% at Rs 106), Oriental Bank of Commerce (2% Rs 97.35), Punjab National Bank (2% at Rs 79.65) and Union Bank of India (2% at Rs 87.70) have hit their respective three-month highs today. READ MORE

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

About 75% diversified equity schemes trail benchmark index: Study Fund managers faced a tough time beating the benchmark in 2018, with nearly three in four diversified equity schemes underperforming their respective underlying indices. A study of 235 equity schemes that includes direct plans shows that 168, or 71 per cent, have underperformed their respective benchmarks, observed Value Research. Market observers have attributed this to large sums chasing too few stocks, and the impact of regulatory changes such as categorisation of schemes as well as the introduction of total returns index, in lieu of a simple price index. Read more  

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

Top gainers on BSE500 COMPANY PRICE() CHG() CHG(%) VOLUME UCO BANK 22.30 2.05 10.12 823875 DENA BANK 17.95 0.85 4.97 422464 PRESTIGE ESTATES 229.60 10.25 4.67 36302 QUESS CORP 688.85 30.55 4.64 7760 JAI CORP 116.35 5.00 4.49 392005 » More on Top Gainers

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

Geopolitical risks, Lok Sabha polls to keep markets edgy in 2019: Experts Despite a bumpy ride, the Indian stock market held up rather well in 2018, compared to some of its global peers that slipped into bear territory. However, experts caution that the road ahead may not be smooth. The immediate trigger for volatility: the upcoming national elections, and the noise surrounding it. Sharp swings are likely if the final outcome veers too far off Street expectations. That said, there has been no visible change in market direction at the time of the last six general elections, say market observers, and this time may be no different. Click here to read full article  

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

Mahindra & Mahindra falls 4% on disappointing December sales Shares of Mahindra & Mahindra (M&M) dipped 4 per cent to Rs 772 apiece, falling 5 per cent from intra-day high on BSE, after reporting disappointing sales numbers for December 2018 due to tight liquidity and low buying sentiment. The company said it has sold 17,404 units of tractors in December, down 6 per cent as compared to 18,488 units sold in the same month last year. Domestic tractor sales were down 2 per cent year-on-year (YoY) to 16,210 units, while exports sales almost halved to 894 units in the month of December against 1,633 units in the previous year. Read more  

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

Gateway Distriparks hits 52-week low after failing to pay Blackstone Shares of Gateway Distriparks (GDL) hit a 52-week low of Rs 123 apiece, down 5% on BSE, after the company said it has failed to pay the balance payment to global private equity major Blackstone. “Due to un-contemplated events arising in the debt market, GDL could not raise the required funds before the due date of 28 December 2018 to make the balance payment of Rs 560 crore plus compensation at15% per annum from 28 September 2018 to 28 December 2018,” the company said in a regulatory filing. Read more  

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

Market check Index Current Pt. Change % Change   S&P BSE SENSEX 35,968.15 -100.18 -0.28   S&P BSE SENSEX 50 11,331.20 -36.23 -0.32   S&P BSE SENSEX Next 50 32,851.53 -143.68 -0.44   S&P BSE 100 11,123.63 -37.39 -0.34   S&P BSE Bharat 22 Index 3,489.96 -6.68 -0.19

MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

Mahindra’s auto sector sells 39,755 vehicles during December 2018

First Published: Tue, January 01 2019. 08:04 IST
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MARKET WRAP: Indices rebound, Sensex ends 186 pts up; Nifty reclaims 10,900

The broader Nifty50 index of National Stock Exchange (NSE) reclaimed the crucial 10,900 level to settle at 10,910, up 48 points or 0.44 per cent.

Erasing all its losses, the domestic equity market ended with decent gains on the first trading day of 2019. Aided by buying in heavyweights such as HDFC Bank,  HDFC, Infosys and ICICI Bank, the S&P BSE gained 186 points or 0.52 per cent to settle at 36,255. During the day, the benchmark index hit an intraday high and low of 36,284.04 and 35,888.62, respectively. 

The NSE's Nifty50 index reclaimed the crucial 10,900 level to settle at 10,910, up 48 points or 0.44 per cent. Out of 50 components, 32 ended in the green and rest 18 in the red. 

In the broader markets, the S&P BSE MidCap index closed flat at 15,426, down just 12 points. However, the S&P BSE SmallCap index ended 60 points higher at 14,767 levels.

Among the sectoral indices, the PSU Bank index gained over one and half per cent led by Bank of Baroda and Punjab National Bank. The Realty index, too, surged over 2 per cent led Prestige Estates Projects and Oberoi Realty.

INDIVIDUAL STOCKS

Shares of public sector undertaking (PSU) banks gained for the third straight day on hopes of receding bad loans problem. Bank of Baroda (up 4%), Bank of India (up 2%), Oriental Bank of Commerce (up 2%), Punjab National Bank (up 2%) and Union Bank of India (up 3%) hit their respective three-month highs today.

Auto major Mahindra & Mahindra (M&M) ended 4 per cent lower at Rs 773 apiece after reporting disappointing sales numbers for December 2018 due to tight liquidity and low buying sentiment.

Atul Auto hit an upper circuit limit of 20 per cent at Rs 348.20 after the company posted a strong 50 per cent growth in sales numbers for December 2018. The three-wheeler manufacturer sold 4,332 units in December against 2,890 units in the same month last year. The company’s total vehicle sales during December quarter grew 39 per cent at 13,808 units, as compared to 9,922 units sold in the previous year quarter. 

On the global front, most Asian were shut today on account of New Year.

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