MARKET WRAP: Sensex up 278 points, Nifty over 11,250; metal, IT stocks gain
All that happened in the markets today
 "bse, sensex, bombay stock exchange")
Investors went on a buying spree in the last hour thus pulling benchmark indices, which remained range-bound for most part of the day, into the green with over 200 points and 100 points gain for Sensex and Nifty, respectively.
The benchmark S&P BSE Sensex rose 279 points to close at 37,393, with Bajaj Finance, Tata Motors, Infosys, Vedanta, and ONGC raking in the highest gains. Out of the 30 BSE constituents, 21 ended in the green.
The broader Nfity50 index added 100 points to reclaim psychological 11,250 level and end the day at 11,257. Market breadth, however, remained in favour of sellers. About 898 stocks declined and 841 advanced on the NSE.
Among sectoral indices, only one index ended the day in red, with Nifty Media, Nifty Metal, and Nifty Realty rising 2.26 per cent, 1.17 per cent, and 1.1 per cent, respectively.
In the broader market, the S&P BSE MidCap index rose 37 points, or 0.27 per cent, to finish the day at 14,155, while the S&P BSE SmallCap index climbed 35 points, or 0.25 per cent, at 13,817.
BUZZING STOCKS
Bajaj Finance shares rose 3.64 per cent at Rs 3,111.80 on the BSE after reporting its January-March quarter earnings (Q4FY19) today. READ MORE
Lupin shares dipped 6 per cent to Rs 736 on Thursday before making a recovery to end the day 0.22 per cent lower at Rs 781.35, on the BSE, after the drug company reported lower-than-expected net profit of Rs 290 crore for March quarter (Q4FY19). Analysts, on an average, had expected profit of Rs 455 crore for the quarter. READ MORE
The benchmark S&P BSE Sensex rose 279 points to close at 37,393, with Bajaj Finance, Tata Motors, Infosys, Vedanta, and ONGC raking in the highest gains. Out of the 30 BSE constituents, 21 ended in the green.
The broader Nfity50 index added 100 points to reclaim psychological 11,250 level and end the day at 11,257. Market breadth, however, remained in favour of sellers. About 898 stocks declined and 841 advanced on the NSE.
Among sectoral indices, only one index ended the day in red, with Nifty Media, Nifty Metal, and Nifty Realty rising 2.26 per cent, 1.17 per cent, and 1.1 per cent, respectively.
In the broader market, the S&P BSE MidCap index rose 37 points, or 0.27 per cent, to finish the day at 14,155, while the S&P BSE SmallCap index climbed 35 points, or 0.25 per cent, at 13,817.
BUZZING STOCKS
Bajaj Finance shares rose 3.64 per cent at Rs 3,111.80 on the BSE after reporting its January-March quarter earnings (Q4FY19) today. READ MORE
Lupin shares dipped 6 per cent to Rs 736 on Thursday before making a recovery to end the day 0.22 per cent lower at Rs 781.35, on the BSE, after the drug company reported lower-than-expected net profit of Rs 290 crore for March quarter (Q4FY19). Analysts, on an average, had expected profit of Rs 455 crore for the quarter. READ MORE
Tata Chemicals (TCL) shares surged 8.38 per cent higher at Rs 603.45 on the National Stock Exchange (NSE) on Thursday after the company announced demerger of its consumer products business into other group firm Tata Global Beverages (TGBL). READ MORE
GLOBAL MARKETS
An index of European shares fell as much as 0.5 per cent in early European trading with the German stock index down 0.4%. U.S. stock futures were down 0.4 per cent, pointing to a weak start on Wall Street. While benchmark indexes in China and Hong Kong were up between 0.3-0.8 per cent at the close of trading, bond markets were signalling more pain for risk appetite.
Brent crude futures were at $72.30 a barrel, up 53 cents from their last close. Brent is heading for its biggest weekly rise in six weeks. US West Texas Intermediate (WTI) crude futures were at $62.49 per barrel, up 47 cents from their previous settlement.
(With inputs from Reuters)
3:39 PM
Top gainers and losers on S&P BSE Sensex
3:38 PM
Sectoral trend on NSE
3:37 PM
Market at close
3:37 PM
Market at close
The S&P BSE Sensex ended at 37,393.48, up 279 points while the broader Nifty50 index settled at 11,257.10, up 100 points.
3:28 PM
Zee Entertainment rises almost 8%
3:27 PM
NEWS ALERT | Shashikant Rathi, Treasury Head of Axis Bank, resigns citing personal reasons: CNBC TV18
3:19 PM
OMCs trade higher
| COMPANY NAME | LATEST | HIGH | LOW |
CHG (rs) | CHG(%) |
VALUE (rs CR) | VOLUME |
|---|---|---|---|---|---|---|---|
| I O C L | 151.10 | 151.10 | 143.10 | 5.75 | 3.96 | 8.30 | 549573 |
| RELIANCE INDS. | 1262.20 | 1270.35 | 1257.75 | 4.95 | 0.39 | 49.94 | 395678 |
| GAIL (INDIA) | 328.25 | 334.25 | 326.65 | -3.45 | -1.04 | 11.94 | 363704 |
| PETRONET LNG | 222.80 | 233.15 | 219.60 | -10.05 | -4.32 | 7.22 | 324055 |
| H P C L | 278.40 | 278.75 | 262.50 | 10.95 | 4.09 | 6.28 | 225584 |
| B P C L | 372.50 | 372.50 | 351.90 | 13.65 | 3.80 | 5.89 | 158071 |
| O N G C | 165.30 | 166.00 | 162.10 | 2.65 | 1.63 | 2.29 | 138437 |
| CASTROL INDIA | 141.60 | 142.10 | 139.70 | 0.45 | 0.32 | 0.96 | 67922 |
| INDRAPRASTHA GAS | 298.00 | 303.25 | 295.80 | -2.90 | -0.96 | 0.95 | 31820 |
| OIL INDIA | 175.70 | 175.80 | 174.80 | 0.40 | 0.23 | 0.37 | 20891 |
3:01 PM
YES Bnak extends loses
2:54 PM
Buzzing | Arvind Fashions tanks 10%
2:50 PM
NEWS ALERT | Bank of India Q4 result
- Slippages at Rs 3,102 crore vs Rs 4,315 crore (QoQ)
- Recovery at Rs 1,982 crore vs Rs 2,353 crore (QoQ)
- Upgradations at Rs 477 cr vs Rs 171 crore (QoQ)
- Write-offs at Rs 780 vs Rs 2,554 crore (QoQ)
- Recovery at Rs 1,982 crore vs Rs 2,353 crore (QoQ)
- Upgradations at Rs 477 cr vs Rs 171 crore (QoQ)
- Write-offs at Rs 780 vs Rs 2,554 crore (QoQ)
2:43 PM
YES Bank hits over three-year low; tanks 43% in three weeks post Q4 results
YES Bank has tanked 43 per cent since April 26 after the bank posted its first ever net loss of Rs 1,506 crore for the March quarter. The shares, which were trading at Rs 237 per share before the Q4 results were announced, have slipped on the surprise net loss posted by the bank on the back of the provisions soaring over nine times. It had posted a profit of Rs 1,179 crore in the year-ago period. In comparison, the benchmark S&P BSE Sensex was down 5 per cent during the same period. READ MORE
2:34 PM
Result impact | Bajaj Finance gains over 3%
2:32 PM
NEWS ALERT | Bajaj Finance Q4 result
- Consolidated net profit at Rs 1,176 crore
- NII at Rs 3,395 crore
- Loans, Loses and Provisions at Rs 409 crore.
- NII at Rs 3,395 crore
- Loans, Loses and Provisions at Rs 409 crore.
2:12 PM
Jaypee Infra insolvency: 23,000 home buyers, 13 banks vote on NBCC bid
Homebuyers and lenders of debt-laden Jaypee Infratech Thursday started voting on state-owned NBCC's bid to acquire Jaypee group's realty firm and complete the construction of over 20,000 flats. The voting process will end on Sunday and the outcome would be declared on May 20. READ MORE
2:05 PM
Buzzing | HCC up over 6%
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First Published: May 16 2019 | 7:24 AM IST