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Jan 04, 2019 03:37 PM IST | Source: Moneycontrol.com

Closing Bell: Sensex ends the week with a gain of 181 pts, Nifty above 10,700

At the close of market hours, the Sensex was up 181.39 points or 0.51% at 35695.10, and the Nifty up 55.10 points or 0.52% at 10727.40. T

  • Jan 04, 03:37 PM (IST)

    Market at close Buying counters were buzzing in the last couple of hours for the market, helping them not only recover from low points, but also end the week on a strong note.

    Except IT names, investors bought across sectors, with maximum gains seen among metals, energy and banks, among others. The Nifty Midcap index ended higher too. 

    At the close of market hours, the Sensex was up 181.39 points or 0.51% at 35695.10, and the Nifty up 55.10 points or 0.52% at 10727.40. The market breadth was narrow as 1322 shares have advanced, against a decline of 1255 shares, and 159 shares are unchanged.

    Yes Bank, Vedanta, and Bharti Infratel gained the most, while Infosys, TCS, HCL Tech and Tech Mahindra were the top losers. 

  • Jan 04, 03:13 PM (IST)

    NHPC's Power Station Shutdown

    NHPC said Dulhasti Power Station (390 MW) in Jammu & Kashmir has been under complete shutdown w.e.f. 03.01.2019 to 12.01.2019 (tentative) for the work of 'replacement of By-Pass Line valves of MIV'.

    The above shutdown will cause tentative loss of 21.4 MUs and 0.55% in PAF, it added.

  • Jan 04, 03:01 PM (IST)

    Manappuram Finance Gains 2%

    Manappuram Finance has made interest payment due on January 1, 2019.

  • Jan 04, 03:00 PM (IST)

    JUST IN

    Chinese Central Bank cut bank's reserve requirement ratio by 100 bps.

  • Jan 04, 02:59 PM (IST)

    Europe Update

    European shares traded higher following news that the US and China will hold trade talks next week.

    France's CAC and Germany's DAX gained 1 percent each while Britain's FTSE was up 0.8 percent.

    Investors are monitoring trade developments between Washington and Beijing for any clues as to how their trade dispute will reach a resolution. The two countries are trying to reach a breakthrough to resolve their differences over a 90-day tariffs truce. Source: CNBC

  • Jan 04, 02:58 PM (IST)

    Market Update:

    Benchmark indices gained strength again in last hour of trade with the Sensex rising 191.50 points to 35,705.21.

    The Nifty gained 51.40 points at 10,723.70, driven by banking & financials stocks.

  • Jan 04, 02:47 PM (IST)

    Euro Zone Business Activity Slumps to 5-1/2-year low in December

    Activity among euro zone businesses dipped to its weakest in nearly five-and-a-half years in December as their already downbeat expectations also turned more pessimistic, a survey showed on Friday.

    That will be disappointing news for policymakers at the European Central Bank, who ended their 2.6 trillion euro ($2.95 trillion) asset purchase programme - one of the main sources of stimulus for the bloc's economy - last month.

    IHS Markit's Euro Zone Composite Final Purchasing Managers' Index (PMI), considered a good measure of overall economic health, held above the 50 mark that separates growth from contraction. But it fell to 51.1 from November's 52.7, also below a flash reading of 51.3 and the lowest since July 2013. Source: Reuters.

  • Jan 04, 02:15 PM (IST)

    JUST IN | Bank of Maharashtra approved raising equity capital up to Rs 4,498 crore from the government. 

  • Jan 04, 02:06 PM (IST)
  • Jan 04, 01:09 PM (IST)

    Mphasis' Buyback Update

    Company has extinguished 73,20,501 fully paid up equity shares of Rs 10 each in dematerialised form and 54 fully paid equity shares of Rs 10 each in physical form consequent to conclusion of buyback of 73,20,555 equity shares of the company.

    Further to the above, the paid-up share capital of the company, post buyback, is 1,86,09,65,530 equity shares of Rs 10 each.

  • Jan 04, 12:51 PM (IST)

    Oil Edges Higher

    Oil prices edged up, shaking off previous losses after China said it would hold talks with the US government on January 7-8 to look for solutions to the trade disputes between the world's two biggest economies.

    International Brent crude futures were at $56.46 per barrel, up 0.91 percent, from their last close. US West Texas Intermediate (WTI) crude oil futures were at $47.63 per barrel, up 1.15 percent.

    Both crude benchmarks were down earlier in the session on concerns that the Sino-American trade war would lead to a global economic slowdown. Source: Reuters.

  • Jan 04, 12:50 PM (IST)
  • Jan 04, 12:35 PM (IST)

    Market Update | Equity benchmarks have gathered steam, with the Sensex up over 100 points while the Nifty traded around 10,700.    About 1118 shares have advanced, 1079 shares declined, and 130 shares are unchanged.

  • Jan 04, 12:23 PM (IST)

    BuzzingVista Pharmaceuticals shares were locked in 5 percent upper circuit at Rs 30.45 as the company awaits approval from US health regulator for cardiac drug.

  • Jan 04, 12:05 PM (IST)

    Rupee Check: The Indian rupee extended morning gains as it is trading higher by 35 paise at 69.84 per dollar. It opened higher at 69.96 per dollar versus Thursday's close 70.19.

  • Jan 04, 11:58 AM (IST)
  • Jan 04, 11:44 AM (IST)

    MARKET UPDATE The Sensex is up 66.23 points or 0.19% at 35579.94, and the Nifty up 20.20 points or 0.19% at 10692.50. About 1040 shares advanced, 1065 shares declined, and 118 shares are unchanged.

  • Jan 04, 11:34 AM (IST)

    Government ETF: Edelweiss Asset Management has emerged as the front runner to create, manage and launch the government's maiden debt Exchange-Traded Fund (ETF), industry officials said Thursday.

    Others in the race were SBI Funds Management, Reliance Nippon Life Asset Management, UTI Asset Management Company and Aditya Birla Sun Life AMC

  • Jan 04, 11:21 AM (IST)

    JUST IN | ICICI Bank and Axis Bank have received full payment from Essar Oil-Rosneft deal, CNBC-TV18 reported, quoting sources. 

    ICICI Bank received around $540 m from Essar Oil-Rosneft Deal in Q3. Axis bank also received almost full amount from Essar-Rosneft Deal in Q3

  • Jan 04, 10:39 AM (IST)

    Nikkei India Services PMI: India’s service economy expanded further at the end of 2018, as strengthening demand continued to translate into new business gains. Although growth of new work and activity moderated from November’s recent high, companies hired additional workers to a greater extent. Supporting the uptick in job creation was an improvement in business sentiment and easing cost inflationary pressures. Expenses rose at the weakest pace in over one-and-a-half years, said Nikkei IHS Markit.

    Despite falling to 53.2 in December, from 53.7 midquarter, the seasonally adjusted Nikkei India Services Business Activity Index pointed to an expansion in sector output that was among the strongest recorded in the past two years. The figure contributed to the highest quarterly average seen since Q4 FY 2015/16. Information & Communication remained the strongest performing category, posting the quickest increases in both new business and activity. Real Estate & Business Services was the only segment to record contractions, added further.

  • Jan 04, 10:33 AM (IST)

    Buzzing: Shares of GM Breweries fell as much as 12.5 percent after the company reported a drop in profit for the quarter ended December 31.

    The company reported a Q3 profit of Rs 16.71 crore, a drop from the profit of Rs 22.3 crore reported in the same quarter last year.

  • Jan 04, 10:25 AM (IST)

    CIMB on Coal India: Coal India fell in morning on Friday after global research house CIMB has reduce call on the stock and slashed its target price to Rs 212 from Rs 245 earlier.

    The reason behind cutting price target and having reduce call is earnings concerns going ahead.

  • Jan 04, 10:14 AM (IST)

    Market Update: Benchmark indices eased all its morning gains with Nifty trading around 10,650.

    The Sensex is down 50.30 points at 35,463.41, while Nifty down 18.80 points at 10,653.50. About 773 shares have advanced, 938 shares declined, and 93 shares are unchanged.

    TCS, Yes Bank, Wipro, ICICI Bank and Infosys are the top losers on the Sensex.

  • Jan 04, 10:02 AM (IST)

    Future Enterprises raises Rs 750cr: Company rose 2.7 percent in the early trade on Friday on raising Rs 750 crre through issue of NCDs.

    The committee of directors of the company approved and allotted of 5,000, 10.50% Secured, Rated, Redeemable Non-Convertible Debentures of Rs 10 lakh each and 2,500, 10.60% Secured, Rated, Redeemable, Non-Convertible Debentures of Rs 10 lakh each aggregating to Rs 750 crore, on private placement basis.

  • Jan 04, 09:43 AM (IST)

  • Jan 04, 09:34 AM (IST)

    Buzzing stock Shares of Tata Motors rose over 3 percent on Friday morning as investors cheered good US sales data for JLR.

    The total JLR US sales rose 24 percent at 14,079 units against 11,394 units last year.

    The total land rover US sales have risen 33 percent at 10,617 units against 7,980 units last year.

    The total Jaguar US sales rose 1.4 percent at 3,462 units against 3,414 units in December 2017.

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