Closing Bell: Sensex ends above 35,350, Nifty above 10,600, midcaps underperform##Closing Bell: Sensex ends above 35,350, Nifty above 10,600, midcaps underperform

The Sensex ended 373 points higher, or 1.07 percent, to settle at 35,354, while the Nifty closed above the 10,600 mark, settling at 10,628, rising 102 points, or 0.97 percent. Midcaps underperformed with the Nifty MidCap ending mildly higher by 0.19 percent, while the BSE MidCap was up 0.06 percent.

Nov 26, 2018 3:39 PM

Sensex heatmap at close: Hero MotoCorp, Wipro, HUL among top gainers, Yes Bank, ONGC laggards##Sensex heatmap at close: Hero MotoCorp, Wipro, HUL among top gainers, Yes Bank, ONGC laggards

Nov 26, 2018 3:41 PM

Steel companies sink as Chinese steel rebar prices slump##Steel companies sink as Chinese steel rebar prices slump

Shares of steel makers fell sharply after Chinese steel rebar prices plummeted over 3 percent on mounting concerns regarding growth. Chinese steel rebar prices have fallen 19 percent from their recent high in August as investors assess the impact of US tariffs on Chinese growth. Global rating agency Moody's Investors Services see 6 percent GDP growth in China in 2019 as compared to 6.5 percent forecasted for 2018. Shares of Jindal Steel & Power, Vedanta, Tata Steel, Steel Authority of India, and JSW Steel fell 2.0-7.4 percent. Meanwhile, the Sensex jumped more than 391 points, or 1.12 percent, to trade at 35,372 at 3.16 pm, while the Nifty was trading at 10,634, higher by 107 points, or 1.02 percent.

Nov 26, 2018 3:17 PM

Sensex jumps 400 points, Nifty above 10,600 led by IT, banks, FMCG stocks##Sensex jumps 400 points, Nifty above 10,600 led by IT, banks, FMCG stocks

Nov 26, 2018 2:54 PM

Nifty FMCG hits 1-month high on low palm oil price, Mutual Fund buy##Nifty FMCG hits 1-month high on low palm oil price, Mutual Fund buy

Nifty FMCG index rose over 2 percent to hit a one-month high of 29,844.80 points due to a fall in global prices of raw material palm oil and buying by mutual funds, said dealers. Funds have purchased shares of leading fast-moving consumer goods companies, such as Hindustan Unilever and Procter & Gamble Hygiene & Health Care, said an institutional dealer. Fast-moving consumer goods stocks are seen as a safer bet in a volatile market, said another dealer at a mutual fund, adding stock prices are likely to see further gains as the companies are unlikely to cut personal product prices with lower palm oil prices, a key raw material in making soaps. Shares of Hindustan Unilever, P&G Hygiene and Godrej Consumer Products were up 1-4 percent. (Cogencis)

Nov 26, 2018 2:42 PM

Asian Paints gains 3% post slump in crude oil prices, Sensex jumps 300 points##Asian Paints gains 3% post slump in crude oil prices, Sensex jumps 300 points

Shares of Asian Paints rose 3 percent to hit their one-month high of Rs 1,352.80 and were the top performers on the Nifty 50 index as a near-8 percent fall in prices of crude oil on Friday sparked hope of a reduction in input cost for the company. The fall in crude oil prices also eased investors' concerns over the company's margins. Raw material costs, which include crude oil derivatives and titanium dioxide, accounted for 66 percent of the paintmaker's total expenditure in July-September, up from 56 percent a year ago. At 2.23 pm, Asian Paints shares quoted at Rs 1,346.60, up 2.49 percent. The Sensex traded at 35,294, jumping 313 points, or 0.91 percent. The Nifty reclaimed 10,600, trading at 10,605, rising by 79 points, or 0.75 percent.

Nov 26, 2018 2:24 PM

Market surges to day's high as FMCG & private banks gain in trade##Market surges to day's high as FMCG & private banks gain in trade

Nov 26, 2018 2:15 PM

Market update: Sensex jumps over 240 points, Nifty nears 10,600 led by HDFC Bank, HUL, ITC##Market update: Sensex jumps over 240 points, Nifty nears 10,600 led by HDFC Bank, HUL, ITC

The Nifty traded at 10,581, up by nearly 55 points, or 0.52 percent at 1.45 pm, while the Sensex jumped 243 points, or 0.70 percent, to trade at 35,224. Broader market indices recovered from the day's low with the Nifty MidCap trading lower by 0.13 percent, while the BSE MidCap was lower by 0.14 percent. Benchmark indexes gained on support from HDFC Bank, Hindustan Unilever, ITC, ICICI Bank, HDFC, L&T, IndusInd Bank, TCS, Reliance and Asian Paints. Yes Bank, Sun Pharma, Vedanta, ONGC, Tata Steel traded weak.

Nov 26, 2018 1:47 PM

Adani Ports down as stock to be out of Sensex from December 24##Adani Ports down as stock to be out of Sensex from December 24

Shares of Adani Ports and Special Economic Zone fell over 3 percent after Asia Index said the stock would be excluded from the BSE Sensex from December 24. Sentiment for the stock dampened as no investments from exchange-traded and index-based funds will follow now. Shares of Wipro have also been excluded from the 31-stock index. Lupin and Wipro will make way for Bajaj Finance and HCL Technologies on the Sensex. At 1.25 pm, shares of Adani Ports were down 2 percent. Shares of Wipro recovered and rose 1 percent.

Nov 26, 2018 1:42 PM

Paint makers surge as global crude oil prices slump, Sensex, Nifty back in the green##Paint makers surge as global crude oil prices slump, Sensex, Nifty back in the green

Shares of paint manufacturing companies surged today as global crude oil prices slumped nearly 8 percent to their one-year low on Friday. A fall in crude oil prices will result in a decline in prices of crude oil derivatives, which are used in the manufacturing of paints and varnishes. At 12.29 am, shares of the Asian Paints, Kansai Nerolac Paints, Berger Paints India, and Shalimar Paints were up 2.5-4 percent. (Cogencis)

Meanwhile, benchmark indexes turned green with the Sensex trading 99 points up, or 0.28 percent, at 35,080 at 12.46 pm, while the Nifty was trading at 10,546, higher by 19 points, or 0.18 percent.

Nov 26, 2018 12:46 PM

Hindustan Unilever up as fall in palm oil prices may underpin margin##Hindustan Unilever up as fall in palm oil prices may underpin margin

Shares of Hindustan Unilever snapped a three-day losing streak to gain on Monday as investors were hopeful that the recent fall in prices of palm oil would lower the company's input costs and therefore underpin the company's margins in coming quarters. Shares of HUL were up 1.6 percent at Rs 1,701.40, top gainers on the Nifty 50 index.

Nov 26, 2018 11:53 AM

Hotel Leela surges on report Thailand co to buy stake##Hotel Leela surges on report Thailand co to buy stake

Shares of Hotel Leelaventure hit their 20 percent upper circuit of Rs 10.60 after reports said a consortium, including Thailand's Minor International, is considering acquiring a majority stake in the company at an investment of about $350 million. The reports said the proposal, which is backed by investment firm Trinity White City Ventures, includes a mix of equity and debt. So far today, over 2.6 million shares of the company were traded on the NSE, much higher than the three-month daily average volume of 258,503 shares. So far in 2018, the stock lost as much as 49 percent.

Nov 26, 2018 11:31 AM

HDFC Ergo likely to buy Apollo Munich Health Insurance for about Rs 2,600 crore: report##HDFC Ergo likely to buy Apollo Munich Health Insurance for about Rs 2,600 crore: report

Housing finance company Housing Development Finance Corp’s (HDFC) general insurance arm HDFC Ergo is in talks to acquire Apollo Munich Health Insurance for aboutRs 2,600 crore, The Economic Times reported. The 51:49 joint venture between Apollo Hospitals and Munich Re Apollo Munich is currently the second-largest health insurance provider. However, after the stake sale deal with HDFC Ergo, Munich Re will exit the company, two people aware of the development told the newspaper. Read more

Nov 26, 2018 11:09 AM

Oil marketing companies slip from highs as crude gains in the morning trade##Oil marketing companies slip from highs as crude gains in the morning trade

Nov 26, 2018 10:39 AM

BEML shares gain 3.6% on Mumbai metro coach order##BEML shares gain 3.6% on Mumbai metro coach order

Share price of BEML added 3.6 percent intraday Monday as company won an order for metro coaches to Mumbai metro line. The company has been awarded the letter of acceptance (LoA) from DMRC for supply of 378 metro coaches (63 metro trains) to Mumbai Metro Line - 2 & 7 project. The contract is worth about Rs 3015 crore and the scope of work include design, manufacture, supply, testing & commissioning of 378 metro coaches, supply of spares and training of personnel. At 10.22 am, shares traded at Rs 763.45, higher by 1.68 percent on the NSE.

Nov 26, 2018 10:22 AM

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