Sensex heatmap at close: Bharti Airtel, HDFC, Yes Bank, HDFC Bank top gainers, M&M dips##Sensex heatmap at close: Bharti Airtel, HDFC, Yes Bank, HDFC Bank top gainers, M&M dips

Jan 1, 2019 3:47 PM

Closing Bell: Sensex, Nifty end higher after sharp recovery in the last hour of trade##Closing Bell: Sensex, Nifty end higher after sharp recovery in the last hour of trade

The Sensex ended 186 points higher, or 0.52 percent, to 36,254, while the Nifty settled above 10,900, rising over 47 points, or 0.44 percent at close. The Nifty MidCap underperformed, surging mildly by 0.10 percent, while Bank Nifty soared 0.85 percent. Benchmark indices were led higher by HDFC, HDFC Bank and ICICI Bank, while M&M shares slipped 4 percent on muted tractor sales, which declined 6 percent. Auto indexes underperformed, while PSU Bank and Realty surged among sectoral indices.

Jan 1, 2019 3:45 PM

Market update: Sensex past 36,000, Nifty reclaims 10,900##Market update: Sensex past 36,000, Nifty reclaims 10,900

The Nifty reclaimed 10,900 mark led by a sharp surge in HDFC and HDFC Bank, trading at 10,905, rising by 43 points, or 0.40 percent at 3.15 pm. The Sensex surged by 176 points, or 0.49 percent, to trade at 36,244. The Nifty MidCap traded positive by 0.09 percent, while the BSE MidCap was still in the red, down by 0.07 percent. Shares of Bharti Airtel, HDFC, Yes Bank, HDFC Bank and Axis Bank rose by up to 1.82 percent. The laggards included M&M, Hindalco, Wipro, Tata Steel, Indiabulls Housing Finance, Hindustan Unilever, Wipro and ONGC, falling by up to 3.79 percent.

Jan 1, 2019 3:16 PM

Eicher Motors sees a gain of over 1% from lows##Eicher Motors sees a gain of over 1% from lows

Jan 1, 2019 2:55 PM

Central Bank rises 2% on government fund infusion, Sensex, Nifty advance##Central Bank rises 2% on government fund infusion, Sensex, Nifty advance

Shares of Central Bank of India gained 2.3% today after it received Rs 16.78 billion capital from the government. The bank will take all necessary approvals from regulatory authorities for preferential allotment of equity shares to the government in due course of time. At 2.45 pm, shares of the bank were up 1.36% at Rs 37.15. Meanwhile, the broader 50-share Nifty traded at 10,879, up by 17.20 points, or 0.16 percent. The Sensex surged over 101 points, or 0.28 percent, to trade at 36,169.

Jan 1, 2019 2:45 PM

M&M tanks 4% as December tractor sales below brokerage view##M&M tanks 4% as December tractor sales below brokerage view

Shares of Mahindra & Mahindra fell sharply today after the company reported weaker than expected tractor sales for December. M&M sold 17,404 tractors in the domestic market in December, a fall of 6% on year, and below brokerage firm Nirmal Bang Equities' estimate of 20,117 units. The company's total automobile sales stood at 39,755 units in December, rising 1% on year. M&M shares were down 3.7% at Rs 774.

Jan 1, 2019 2:29 PM

Bank of Baroda up, seeks bids to sell Bhushan Power NPA##Bank of Baroda up, seeks bids to sell Bhushan Power NPA

Shares of Bank of Baroda gained today to hit their three-month high of Rs 122.50 as the bank has invited bids from asset reconstruction companies, banks, non-banking finance companies and financial institutions for the proposed sale of non-performing loan account of Bhushan Power and Steel worth Rs 15.51 billion. The loan account that has been put on the block by the state-owned lender was referred to the National Company Law Tribunal for resolution under the insolvency code. At 1.07 am, shares of the bank gained 2.9% higher at Rs 122.35. Over the past one month, the stock gained 17%.

Jan 1, 2019 1:33 PM

Edelweiss says farm loan waivers may hit liquor companies volume##Edelweiss says farm loan waivers may hit liquor companies volume

Brokerage firm Edelweiss Securities said a nationwide farm loan waiver may hit liquor companies the hardest as states would look at compensating the dent on the exchequer with higher duties on the "sin good". "This could jeopardise volume offtake of liquor companies as they will need to take corresponding price hikes to offset this tax rise," the brokerage said. Taxes on liquor constitute 25% of state governments' revenues and is among the top three sources of receipts for them, it said. The adverse outlook on volumes and the potential harm from farm loan waivers mean the brokerage remains "underweight" on liquor companies' shares. At 12.55 pm, shares of Radico Khaitan, United Spirits, Globus Spirits and Pioneer Distilleries were down 0.9-1.9%. (Cogencis)

Jan 1, 2019 1:12 PM

Here's what Nischal Maheshwari of Centrum Broking has to say on the market##Here's what Nischal Maheshwari of Centrum Broking has to say on the market

Jan 1, 2019 12:51 PM

Market update: Sensex, Nifty trade lower, HDFC twins drag indexes##Market update: Sensex, Nifty trade lower, HDFC twins drag indexes

The Sensex was down by nearly 99 points, or 0.247 percent, to trade at 35,969, while the Nifty slipped to 10,833, slipping by 29 points, or 0.27 percent at noon. Broader market indices were trading flat with the Nifty MidCap down by 0.03 percent. The BSE MidCap was in the red too, slipping by 0.07 percent. BSE Metal was the weakest among 34 declining sectors, falling by 0.82 percent. Nifty FMCG and Nifty Media were other major sectoral losers. Nifty Realty, BSE Consumer Durables, BSE Telecom and Nifty Pharma were leading among 9 advancing sectors. Yes Bank, Sun Pharma, Axis Bank, Bharti Airtel, Grasim, Bharti Airtel and Bajaj Auto were among major index gainers, rising nearly 1.5 percent. Hindalco, IndusInd Bank, Tata Steel, JSW Steel, M&M, PowerGrid Corp., and Asian Paints, losing by up to 1.48 percent. HDFC twins, IndusInd Bank, Hindustan Unilever, ICICI Bank, Infosys, ITC, Reliance Industries were the bigges drag on indexes, while support from Axis Bank, TCS and Sun Pharma limited losses.

Jan 1, 2019 12:32 PM

JK Cement gains as Emkay Global ups target price by 2%##JK Cement gains as Emkay Global ups target price by 2%

Shares of JK Cement gained 3% today after Emkay Global Financial Services reportedly increased the target price on the company's shares by 2% to Rs 864. The brokerage firm also upgraded its rating for the stock to "buy" from "accumulate", the report said. The brokerage firm reportedly said that the company's capacity expansion is expected to drive volume growth in the white cement segment. At 11.15 am, shares of the company were 1.5% higher at Rs 723.95. (Cogencis)

Jan 1, 2019 11:31 AM

UCO Bank hits 6-month high on government infusion plan##UCO Bank hits 6-month high on government infusion plan

Shares of UCO Bank gained as much as 16% to hit their six-month high of Rs 23.50 on the government's plan to infuse Rs 30.76 billion into the bank. So far today, over 6.6 million shares of the company have changed hands on the NSE, higher than the three-month daily average of 1.01 million shares. Shares of the bank were up 10.3% at Rs 22.40.

Jan 1, 2019 10:52 AM

Aviation stocks gain on ATF price cut##Aviation stocks gain on ATF price cut

Shares of aviation companies climbed as prices of aviation turbine fuel have been cut by around Rs 9,990 per kilo litre to Rs 58,060.97. Aviation stocks reacted positively to the news with shares of InterGlobe Aviation, the parent company and operator of IndiGo airlines, rising more than a percent. The financially beleaguered Jet Airways' stocks surged over 2 percent, while the BSE-listed SpiceJet shares rose 1.35 percent. Fuel costs account for nearly 40 percent of aviation companies' total expenses and a fall in the prices of air turbine fuel likely will improve profitability of these companies.

Read full report here

Jan 1, 2019 10:48 AM

Goa Carbon up 2% as company to resume operations at Odisha unit##Goa Carbon up 2% as company to resume operations at Odisha unit

Shares of Goa Carbon gained 2.2% today as the maintenance work at the company's unit in Paradeep, Odisha, has been completed and production is likely to resume today. Over the last one year, the stock has lost as much as 35%.

Jan 1, 2019 10:44 AM

Maruti Suzuki reports a decline of 1.3% in December Auto sales against the same month last year##Maruti Suzuki reports a decline of 1.3% in December Auto sales against the same month last year

Jan 1, 2019 10:27 AM

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