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Dec 07, 2018 03:35 PM IST | Source: Moneycontrol.com

Closing Bell: Sensex ends 361 points higher ahead of exit polls, Nifty just short of 10,700; Kotak Bank up 9%

At the close of market hours, the Sensex was up 361.12 points or 1.02% at 35673.25, while the Nifty was higher by 92.50 points or 0.87% at 10693.70.

  • Dec 07, 03:34 PM (IST)

    Market at Close Equity benchmarks ended the session on a positive note, with the Nifty ending well above 10,650-mark. 

    Investors awaited cues from exit polls of elections in five states. 

    Financials led the surge, backed by a huge jump in Kotak Mahindra Bank.

    Meanwhile, automobiles and consumption names were the big gainers, while the Nifty Midcap ended flat.  

    At the close of market hours, the Sensex was up 361.12 points or 1.02% at 35673.25, while the Nifty was higher by 92.50 points or 0.87% at 10693.70. The market breadth was negative as 1077 shares advanced, against a decline of 1458 shares, while 155 shares were unchanged.

    Kotak Mahindra Bank, Adani Ports, and Bajaj Finserv were the top gainers, while Sun Pharma, Coal India, HCL Tech and GAIL lost the most. 

  • Dec 07, 03:20 PM (IST)
  • Dec 07, 02:54 PM (IST)

    Bajaj stocks rise Shares of Bajaj Finance and Bajaj Finserv are higher in the last hour of trade. 

     Bajaj stocks rise  Shares of Bajaj Finance and Bajaj Finserv are higher in the last hour of trade. 
  • Dec 07, 02:43 PM (IST)

    Market Update: Equity benchmarks are at their high point, with the Sensex rising over 250 points. The Nifty is well above 10,650.

    The Sensex is up 267.89 points or 0.76% at 35580.02, and the Nifty up 62.40 points or 0.59% at 10663.60. The market breadth is negative as 930 shares advanced, against a decline of 1459 shares, while 132 shares were unchanged.

  • Dec 07, 02:40 PM (IST)

  • Dec 07, 02:38 PM (IST)

    Market Update The Sensex is up 171.88 points or 0.49% at 35484.01, and the Nifty up 31.50 points or 0.30% at 10632.70. The market breadth is negative as 919 shares advanced, against a decline of 1,457 shares, while 135 shares were unchanged.

    Kotak Mahindra Bank and Infosys are the top gainers, while Sun Pharma, Yes Bank, HCL Technologies and GAIL lost the most.  

  • Dec 07, 02:35 PM (IST)

    JUST IN | ICRA has revised Jet Airways’ long term loans and NCD rating to ‘C’ from ‘B’, while the outlook is negative.

  • Dec 07, 02:17 PM (IST)

    Citi on NTPC: Research house maintained buy on stock with target of Rs 191 per share.

    The company already awarded contracts for 1.3 mt and it is in the process to award the balance quantity on a war footing, said Citi.

    Company has already started lifting coal from four areas.

  • Dec 07, 02:00 PM (IST)

    Top gainers and losers on the Sensex:

      Top gainers and losers on the Sensex:
  • Dec 07, 01:49 PM (IST)

    Rupee Update: Indian rupee is trading higher but off-days high at 70.61 per dollar.

  • Dec 07, 01:40 PM (IST)

    Buzzing: Shares of Dilip Buildcon rose 4.4 percent as company bagged order worth Rs 1,000 crore from Mahanadi Coalfield.

    The company received Letter of Acceptance (LOA) for a new OB Removal Contract Mining Project valued at Rs 1000.36 crore by the Mahanadi Coalfield (MCL), a subsidiary of Coal India, Samleshwari OCP, Jharsuguda District in the state of Odisha.

  • Dec 07, 01:27 PM (IST)

    Market Update Equity benchmarks are volatile ahead of crucial exit polls that will be declared in the evening. The Nifty has held 10,600-mark, while the Sensex is up around 100 points after seeing a 200-point surge in the morning. 

    The Sensex is up 128.73 points or 0.36% at 35440.86, and the Nifty up 19.10 points or 0.18% at 10620.30. The market breadth is negative as 998 shares advanced, against a decline of 1269 shares, while 132 shares were unchanged.

    Among sectors, pain was visible among metals, energy and PSU banks, while automobiles and Nifty Bank were the big gainers. The Nifty Midcap index is trading flat.  

    Kotak Mahindra Bank, Asian Paints, and Zee Entertainment were the top gainers, while Yes Bank, Wipro, HCL Tech and GAIL lost the most. 

  • Dec 07, 01:06 PM (IST)

    BREAKING | Kotak Mahindra Bank, in an exchange filing, has said that it is unaware of any plans by Berkshire Hathaway to buy a stake in the bank.  The lender has issued a clarification based on a story by CNBC-TV18 that Warren Buffet company was looking to buy 10 percent stake. 

  • Dec 07, 12:13 PM (IST)

    Russia wants to cut oil output by max 150,000 bpd for first three months of 2019, according to Reuters reports. 

  • Dec 07, 11:56 AM (IST)

    JUST IN | Reuters is reporting that Hindustan Petroleum Corp will buy Iranian crude in January after a gap of six months, with the nation’s overall purchases from Tehran at 9 million barrels in the month, four industry sources said.

  • Dec 07, 11:30 AM (IST)

    UPDATE | Sebi imposed a fine of Rs 5 lakh on Bampsl Securities for violating disclosure norms regarding the change in shareholding of Kay Power Paper. The Securities and Exchange Board of India (Sebi) conducted a probe regarding the trading in the scrip of Kay Power from June to August, 2014.

  • Dec 07, 11:05 AM (IST)

    BUZZING STOCK | Shares of Gujarat Alkalies has gained over a percent as it received a Board nod to expand at Dahej.

      BUZZING STOCK |  Shares of Gujarat Alkalies has gained over a percent as it received a Board nod to expand at Dahej.
  • Dec 07, 10:53 AM (IST)

    MARKET OUTLOOK | Uncertainties arising out of Brexit negotiations, fear of escalation of US-China trade war after arrest of Huawei CFO, softening global crude prices are some of the major developments overnight. Last part of yesterday's trading in Indian currency markets was overshadowed by softening oil prices. Today could be a mixed day where USD-INR pair can trade in a range of 70.40-70.60/$. However, opinion poll results will have some impact as and when published," Bhaskar Panda of HDFC Bank told CNBC-TV18.

  • Dec 07, 10:45 AM (IST)

    JUST IN | Techno Electric has bagged orders worth Rs 313 crore. 

  • Dec 07, 10:33 AM (IST)

    BREAKING | Berkshire Hathaway, owned by ace investor Warren Buffett, is likely in talks to buy a stake in Kotak Mahindra Bank, the country's third largest lender by market capitalisation, reports CNBC-TV18 quoting sources.

    Berkshire Hathaway is considering to purchase at least 10 percent shareholding in the bank, which could be from the promoter or through preferential allotment.

  • Dec 07, 10:27 AM (IST)

    Market Update:

    Benchmark indices extended gains amid volatility ahead of five states elections exit polls due later in the day.

    The 30-share BSE Sensex was up 194.57 points at 35,506.70 and the 50-share NSE Nifty rose 34.60 points to 10,635.80. 

  • Dec 07, 10:19 AM (IST)

    GAIL India Slips Over 4%

    GAIL India shares fell 4.5 percent in morning after global research house feels upcoming quarterly results for the company may be quite weak.

    The reason it cited for weak earnings expectations is the US LNG arbitrage which may stay negative through 2019.

    Hence, CLSA slashed price target for GAIL to Rs 420 from Rs 465 earlier, but maintained buy call.

    Futures trade suggest that US LNG will be at a significant premium to Asian spot LNG price, the research house said.

    Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol advises users to check with certified experts before taking any investment decisions.

  • Dec 07, 10:06 AM (IST)

    FII View on Indian Equities

    Amit Sachdeva of HSBC told CNBC-TV18 that political uncertainty is still an overhang on the market.

    "In addition, another round of crude price inflation and global liquidity tightening are some of the key risks which could keep market volatility at elevated levels," he said.

  • Dec 07, 09:53 AM (IST)

    CLSA on Sun TV: Sun TV Network shares dropped nearly 3 percent in morning on Friday after global investment firm CLSA slashed price target for the stock by Rs 100 per share. 

    The research house cut its earnings estimates for the company by 3-4 percent to factor in higher content costs.

  • Dec 07, 09:33 AM (IST)

    Buzzing: Shares of HCL Tech shed 4.5 percent in the early trade on Friday after company is going to buy some of IBM software products.

    IBM and HCL Technologies announced a definitive agreement under which HCL will acquire select IBM software products for USD 1.8 billion, company said in release.

  • Dec 07, 09:17 AM (IST)

    Market Opens: After a yesterday's declines benchmark indices started on positive note on Friday with Sensex is up more than 150 points.

    At 09:17 hrs IST, the Sensex is up 165.44 points or 0.47% at 35477.57, and the Nifty up 37.10 points or 0.35% at 10638.30. About 465 shares have advanced, 128 shares declined, and 28 shares are unchanged. 

    IOC, HPCL, Hindalco, M&M, Dr Reddy's Lab, Vendata, ICICI Bank, Bajaj Auto and Sun Pharma are among major gainers on the indices, while HCL Tech, Yes Bank, Tata Motors, Gail India are trading lower.

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