Closing bell: Sensex ends 145 points higher, Nifty settles above 11,000##Closing bell: Sensex ends 145 points higher, Nifty settles above 11,000

The BSE Sensex ended 145 points higher or up by 0.40 percent at 36,496 on Friday, reversing trends from the last two days, while the Nifty ended above the 11,000 mark, at 11,010, rising by 53 points, or 0.48 percent. Bajaj Auto fell nearly 10 percent, while other two Bajaj group financial stocks were among top gainers.

Jul 20, 2018 3:37 PM

Bajaj group financial firms hit record highs on strong results##Bajaj group financial firms hit record highs on strong results

​Shares of non-banking financial firm Bajaj Finserv and unit Bajaj Finance Ltd climb 5.7 percent and 6.7 percent respectively to all-time highs.

Kotak Institutional Equities raises TP for Bajaj Finserv to Rs 6,100 from Rs 5,900 to factor in higher value of Bajaj Finance, but downgrades to “reduce” from “add.”

Bajaj Finserv posted 41 percent surge in consolidated Q1 profit on Thursday.

Jefferies raises TP for Bajaj Finance to Rs 2,900 from Rs 2,400; keeps “buy” rating. Bajaj Finance posted another strong quarter and its core fundamentals are intact, said Jefferies. Bajaj Finance reported 81 percent surge in June-quarter consolidated PAT on Thursday.

Valuations appear steep for Bajaj Finance, but this may sustain unless growth slows or asset quality slips, which is unlikely in near term - Jefferies.

Stocks among top percent gainers on Nifty 50 Index. Shares of Bajaj Finance had gained 43 percent this year as of last close, while Bajaj Finserv had risen 20.4 percent. (From Reuters)

Jul 20, 2018 3:31 PM

Expect cabinet nod in next 3 weeks on IDBI Bank stake sale proposal##Expect cabinet nod in next 3 weeks on IDBI Bank stake sale proposal

Jul 20, 2018 3:27 PM

Market update: Sensex, Nifty trade higher##Market update: Sensex, Nifty trade higher

Benchmark indexes trade higher with the Sensex rising by 132 points or 0.36 percent to 36,482.68, while the NSE Nifty rose 48 points, or 0.44 percent to 11,005.25. Bajaj Finance and Bajaj Finserv continue to lead among Nifty gainers, while Bajaj Auto stocks have declined by nearly 7 percent after Q1 results on both indexes. Infosys leads the Sensex gainers. Reliance has surged by over 2.5 percent.

Jul 20, 2018 2:33 PM

Market update: Sensex, Nifty trim gains##Market update: Sensex, Nifty trim gains

Benchmark indexes shed gains in the afternoon trade with the Sensex trading higher by 84 points, or 0.23 percent, to 36,435.12, while the Nifty is up by 29 points, or 0.26 percent, to 10,985.80. Midcaps are still higher with the Nifty MidCap rising by 0.6 percent. The BSE MidCap is higher by 0.46 percent. Infosys, Reliance, ICICI Bank, L&T, Sun Pharma trade higher on the BSE, Bajaj Finance and Bajaj Finserv are leading the Nifty gainers along with Infosys, Tech Mahindra, Reliance. Bajaj Auto is down on both indexes after June quarter results, trailed by ONGC, Vedanta, HPCL, Hero MotoCorp among other losers. Nifty Auto, Media and Metal are in the red while Nifty IT has surged over by a percent, while other sectoral indices are trading positive. BSE IT, Teck lead among sectoral indices on the BSE whereas Metal, Oil & Gas are in the negative zone.

Jul 20, 2018 1:32 PM

Market update: Sensex, Nifty consolidate gains##Market update: Sensex, Nifty consolidate gains

At noon, the benchmark indexes appear to be consolidating gains with the Sensex trading higher by 168 points or by 0.46 percent to 36,519, while the Nifty is at 11,011, adding 55 points, or 0.50 percent. Bajaj Finance and Bajaj Finserv lead the pack of Nifty gainers, followed by Infosys, Tech Mahindra, and L&T. Vedanta, OMCs and ONGC are among the top losers on the NSE. On the BSE, Infosys, L&T, Reliance, ICICI Bank, Sun Pharma, Adani Ports, Axis Bank are trading higher, while Vedanta, ONGC, HDFC twins, Kotak Bank, Power Grid, Yes Bank are trading lower. Among sectoral indices on the BSE, Teck, Capital Goods, IT, Industrials have gained, while Metal and Oil and Gas are in the negative zone. Midcaps have risen by over half a percent.

Jul 20, 2018 12:07 PM

Fortis: IHH Health's open offer to open on September 7 and close September 24##Fortis: IHH Health's open offer to open on September 7 and close September 24

Jul 20, 2018 11:44 AM

Nigel D'Souza's quick take on Bajaj Finance, Bajaj Finserv stocks' surge##Nigel D'Souza's quick take on Bajaj Finance, Bajaj Finserv stocks' surge

Nigel D'Souza says that it is clear the street is hungry to buy quality as Bajaj Finance added 12.5% from yesterdays low post its Q1Fy19 results. The street doesn’t mind paying 6x to 7x Price to book but wants to buy quality and a performer. The stock is already higher by 50 percent in 2018 and is the top gainer on the Nifty today.Bajaj Finance shares trade at Rs 2,642.10, adding Rs 124.50 to the stock, or rising by 4.95 percent on the BSE. Bajaj Finserv traded at Rs 6,594.95, gaining by Rs 288.05, or rising by 4.57 percent.

Jul 20, 2018 11:34 AM

Market update: Sensex, Nifty extend gains, Reliance, ICICI trade higher##Market update: Sensex, Nifty extend gains, Reliance, ICICI trade higher

Benchmark indexes trade higher after a tepid start in early trade. The Sensex was trading higher by 167 points, rising 0.46 percent, to 36,518.27, while the Nifty held on to 11,000 mark, trading 45 points higher, at 11,001.75. The IT indexes have further extended its gains, while pharmaceutical stocks too are trading in the green. Midcaps, too have strengthened, up almost half a percent on the index. Infosys, L&T, Bajaj Finance and Bajaj Finserv are the top gainers, while, Vedanta, ONGC, and BPCL have lost the most.

Jul 20, 2018 11:07 AM

Market update: Sensex jumps over 100 points, Nifty near 11,000##Market update: Sensex jumps over 100 points, Nifty near 11,000

At 9.52 am, the Sensex jumped over 121 points to 36,472.35, rising by 0.33 percent, while the Nifty hovered just below the psychological 11,000 mark, at 10,988.65, gaining 31.55 points, or 0.29 percent.

Jul 20, 2018 10:00 AM

Rupee recovers from record low of 69.12/$##Rupee recovers from record low of 69.12/$

Jul 20, 2018 9:34 AM

Opening Bell: Sensex, Nifty start flat, rupee at record low of 69.12/$##Opening Bell: Sensex, Nifty start flat, rupee at record low of 69.12/$

The Sensex opened at 36,377.03, higher by 26 points, while the NIfty 50 started at 10,963, rising by 6.40 points. Midcaps started in the red. Reliance, Infosys, ICICI Bank, Kotak Bank, L&T, Sun Pharma, Tata Steel were early gainers, while Vedanta, HDFC, Bharti Airtel, ONGC, HUL, HDFC Bank, Bajaj Auto started lower. Meanwhile, the rupee has hit a record low of 69.12 against the US dollar.

Jul 20, 2018 9:26 AM

Sagar Cements disappoints, Hatsun Agro and Omax Auto post healthy growth in Q1##Sagar Cements disappoints, Hatsun Agro and Omax Auto post healthy growth in Q1

Jul 20, 2018 9:07 AM

Rupee opens at 69.01 against US dollar##Rupee opens at 69.01 against US dollar

The Indian rupee opened slightly stronger at 69.01 against the US dollar. On Thursday, the rupee weakened by 43 paise to close at a historic low of 69.05 against the US currency, the first time the rupee ended below the 69 level against the greenback. Thursday also marked the biggest single-day fall in the rupee against the US currency since May 29.

Jul 20, 2018 9:04 AM

Here is the list of stocks that will be on radar today##Here is the list of stocks that will be on radar today

Jul 20, 2018 8:50 AM

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