Market at close:
Benchmark indices ended on strong note with Sensex closed up 300 points, while Nifty ended just below 10,900.
At the close, the Sensex was up 307.14 points at 36,270.07, while Nifty was up 82.90 points at 10,888.40. About 1400 shares have advanced, 1192 shares declined, and 150 shares are unchanged.
Power Grid Corp, Tata Motors, HDFC, Coal India and Vedanta are the top gainers on the Sensex, while Kotak Mahindra Bank, Infosys, Bharti Airtel, Hero Motocorp and L&T are among major losers.
All the sectoral indices ended in green led by metal (up 2 percent) and energy stocks (up 1.5 percent) followed by auto, bank, infra and pharma space.
Coal India to consider interim dividend:
A meeting of the Board of Directors of the company is scheduled on December 20 to consider and approve payment of Interim Dividend, if any, for the year 2018-19.
Just IN
|Lupin has received approval for its Clobazam Tablets, 10 mg and 20 mg from the United States Food and Drug Administration (FDA).
BGR Energy Systems bags order:
Company has secured an order from Tamilnadu Transmission Corporation of Rs 49.40 crore inclusive of GST and the contract completion period is 10 months.
We may see beginning of Santa rally once Nifty crosses 10,840: Sameet Chavan
Once the Nifty manages to surpass 10840, we may possibly see the beginning of Santa rally in our market, which would immediately lift the index towards 10941 and above.... Read More
Lupin gets USFDA approval:
Company has received tentative approval for its Tadalafil Tablets USP, 20 mg from the United States Food and Drug Administration (FDA) to market a generic version of Eli Lilly and Company's (Lilly) Adcirca Tablets, 20 mg.
Rupee Update
The Indian rupee is trading higher by 25paise71.65 per dollar versus Friday's close 71.90.
ROADBLOCK |
Malaysia's IHH Healthcare Monday said it will not be able to proceed with the open offer for Fortis Healthcare for the time being, following the Supreme Court order to put on hold sale of controlling stake in the Indian hospital chain.
Reuters reported that oil prices were largely steady on Monday after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concerns about oversupply.
International Brent crude oil futures were at $60.33 per barrel at 0423 GMT, up 5 cents, or 0.08 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $51.33 per barrel, up 13 cents, or 0.25 percent.
Persistent growth in U.S. shale output continues to weigh on oil prices, while some analysts doubted that planned supply cuts led by the Organization of the Petroleum Exporting Countries would be enough to rebalance markets.
ALERT |
Ahluwalia Contracts has bagged an order worth Rs 425.4 crore in Bihar.
Crude Update:
Oil prices were largely steady on Monday after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concerns about oversupply.
Top gainers and losers on the Sensex:
Huhtamaki PPL CFO resigns
: Parag Vyavahare, Chief Financial Officer of the company has tendered his resignation to pursue opportunities outside the company. He will continue to render his services as the Chief Financial Officer of the Company till Friday, January 18, 2019.
Market Update
The Sensex is up 220.81 points or 0.61% at 36183.74, and the Nifty up 52.00 points or 0.48% at 10857.50. About 995 shares have advanced, 588 shares declined, and 93 shares are unchanged.
JUST IN |
IndusInd Bank has raised MCLR rates by 5 bps across tenors
Buzzing
: Share price of Security and Intelligence Services (SIS) rose 2.3 percent intraday Monday after company acquired 51 percent stake in Uniq Detective and Security Services.
The company on December 14 signed definitive agreements to acquire initially 51 percent shareholding in Uniq Detective and Security Services.
Vedanta surges
Shares of Vedanta are higher by around 5 percent as investors reacted to news surrounding its Tuticorinsmelter unit.
Market opens
It’s a strong start to the market on Monday morning, with the Nifty hitting 10,850-mark. The Sensex is up around half a percent.
The Sensex is up 179.58 points or 0.50% at 36142.51, while the Nifty is higher by 46.30 points or 0.43% at 10851.80. The market breadth is positive as 317 shares advanced, against a decline of 110 shares, whereas 48 shares were unchanged.
All sectoral indices are trading in the green, with metals, energy and pharmaceutical indices leading the top gainers’ chart. The Nifty Midcap index is up around one-third of a percent.
Vedanta, Power Grid, and NTPC were the top gainers, while Larsen & Toubro, and Zee Entertainment lost the most.
JUST IN |
Glenmark Pharmaceuticals has received ANDA approval for Hydrocortisone Valerate ointment.
Market at pre-open
Equity benchmarks are trading higher in pre-opening trade, with the Nifty trading above 10,800.
At 09:01 hrs IST, the Sensex is up 88.19 points or 0.25% at 36051.12, and the Nifty up 33.00 points or 0.31% at 10838.50.
The Indian rupee opened higher by 11 paise at 71.79 per dollar on Monday versus Friday's close 71.90.
Stocks in the news: Infosys, Wipro, NTPC, Vedanta, Dilip Buildcon, SIS India, Future Consumer
Dilip Buildcon | Security and Intelligence Services (India) | Cadila Healthcare | Kwality and Solara Active Pharma Sciences are stocks which are in the news today.... Read More
JUST IN |
Biocon is likely to be in focus as its API manufacturing facility in Telangana has completed an inspection by the US FDA. The regulator has not issued any 483 observations.
FUEL PRICE HIKE
Oil has hiked petrol and diesel prices for the first time in two months, according to a CNBC-TV18 report.
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