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MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

The Nifty Metal index settled 2 per cent higher led by Hindustan Copper, Jindal Steel & Power and Vedanta.

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Market Wrap  |  Sensex  |  Nifty

SI Reporter  |  New Delhi 

The benchmark equity indices ended nearly 1 per cent higher on Monday led by a rise in metals and fast-moving consumer goods (FMCG) stocks. The S&P BSE Sensex ended at 36,270, up 307 points or 0.9 per cent, while the broader Nifty50 index settled at 10,888, up 83 points or 0.8 per cent. In sectoral indices, metal stocks gained the most during the day, followed by financial services counters. The Nifty Metal index settled 2 per cent higher led by Hindustan Copper, Jindal Steel & Power and Vedanta. The Nifty Financial Services ended 1 per cent higher led by Max ...

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MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

Sectoral gainers and losers on NSE

MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

S&P BSE Sensex: Top gainers and losers

MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

Market at close   The S&P BSE Sensex gained 307 points or 0.85 per cent to settle at 36,270 while NSE's Nifty50 index added 83 points or 0.77 per cent to close at 10,888.

MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

NEWS ALERT | Coal India to consider interim dividend on December 20 

MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

Gold futures slip 0.21% to Rs 31,488 per 10 grams on weak global cues Tracking a weak trend overseas, gold prices edged 0.21 per cent lower to Rs 31,488 per 10 grams in futures trade Monday as participants cut bets.   At the Multi Commodity Exchange, gold prices for delivery in February fell Rs 65, or 0.21 per cent, to Rs 31,488 per 10 grams in a business turnover of 133 lots. Similarly, the metal for delivery in January was trading Rs 58, or 0.18 per cent, down at Rs 31,379 per 10 grams in 78 lots. READ MORE

MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

ALERT Nifty 50 index hits 10,900 for the first time since Dec 3

MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

NBFCs likely to face more downgrades in December quarter, say experts   The recent commentary from the Reserve Bank of India suggested that non-banking financial companies (NBFCs) aren’t scrounging for capital. In other words, the regulator believes that liquidity isn’t as much a crisis as it was thought to be. Yet, experts say with the system bracing for lower asset growth, the sector could be in for more trouble. Consequently, NBFCs stocks are faced with the sharpest earnings cut in many years. Read more  

MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

Tata Motors up for fifth straight session; stock rises 5%   Shares of Tata Motors were trading higher for the fifth straight day, up 5% at Rs 176 on BSE, after a news report suggested that the company-owned Jaguar Land Rover (JLR) plans to cut thousands of jobs as part of a turnaround strategy.   In past one week, Tata Motors has outperformed the market by surging 12%, as compared to a 3.6% rise in the S&P BSE Sensex. Read more  

MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

RBI meddling could undermine India's financial stability: S&P Global The increasing involvement of the Indian government in the affairs of the country's central bank is a negative for the ratings of giant Asian economy's banking system, S&P Global said on Monday.   "S&P Global Ratings views as credit negative the circumstances leading to the recent resignation of Urjit Patel, governor of the Reserve Bank of India (RBI)," S&P analysts Michael Puli and Andrew Wood said in a note. Read more  

MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

top gainers and losers in S&P BSE Sensex

MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

Devangshu Datta Look at medium-term debt funds   The last week has seen a bewildering quantum of news flow. It all adds up to a good chance of a large increase in liquidity as the general elections draw nearer. The five Assembly elections indicated a clear pattern of rural distress. Rural voters are unhappy with the BJP.   Farm loan waivers, plus higher minimum support price, plus power subsidies, etc., will all be on the agenda for all parties in their campaigns. A falling trend of retail inflation creates an economic rationale for cutting rates. Read more  

First Published: Mon, December 17 2018. 08:09 IST
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MARKET WRAP: Sensex rises 307 pts led by HDFC twins, RIL; BEML jumps 8%

The Nifty Metal index settled 2 per cent higher led by Hindustan Copper, Jindal Steel & Power and Vedanta.

The benchmark equity indices ended nearly 1 per cent higher on Monday led by a rise in metals and fast-moving consumer goods (FMCG) stocks. The S&P BSE Sensex ended at 36,270, up 307 points or 0.9 per cent, while the broader Nifty50 index settled at 10,888, up 83 points or 0.8 per cent. In sectoral indices, metal stocks gained the most during the day, followed by financial services counters. The Nifty Metal index settled 2 per cent higher led by Hindustan Copper, Jindal Steel & Power and Vedanta. The Nifty Financial Services ended 1 per cent higher led by Max ...

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