Here are the main highlights and trends from Wednesday’s trading session##Here are the main highlights and trends from Wednesday’s trading session

Thank you readers and before we end our rolling live coverage of the markets today; here are the main highlights and trends from Wednesday’s trading session:

-Market snaps 4-day losing streak, Sensex & Nifty post best gains in 2 weeks.

-Sensex gains 429 points to 41,323, nifty reclaims 12,100.

-Nifty bank advances 276 points to 30,838; HDFC Bank & ICICI bank top losers.

-Midcap index gains 260 points to post biggest 1-day gain in 2 months.

-IRCTC surges 12% to hit fresh life high, up 450% since listing.

-Vodafone Idea gains 40% to record the biggest single-day gain.

-Aurobindo Pharma posts the biggest 1-day gain ever after VAI status for unit-iv.

-JLR’s UK production threatened by parts shortage due to coronavirus, Tata Motors down 2%.

-38 of 50 nifty stocks close in the green, Bharti Infratel, Grasim top gainers except auto, all indices end in the green, Pharma top gainer.

-Market breadth in favour of advances, advance-decline ratio at 2:1.

Feb 19, 2020 3:47 PM

Sensex heatmap at close: Bajaj Fin, HUL, RIL top gainers, Sun Pharma top loser##Sensex heatmap at close: Bajaj Fin, HUL, RIL top gainers, Sun Pharma top loser

Feb 19, 2020 3:42 PM

Closing Bell: Sensex settles 428 points higher, Nifty at 12126, Bajaj Fin, HDFC twins, HUL, RIL lift indices##Closing Bell: Sensex settles 428 points higher, Nifty at 12126, Bajaj Fin, HDFC twins, HUL, RIL lift indices

The BSE Sensex settled 428 points higher, or 1.05 percent, at 41,323 at close on Wednesday. The NSE Nifty50 setled 133 points up, rising 1.11 percent, at 12,126. The Nifty MidCap index also rose 1.49 percent, outperforming frontline peer. The banking gauge, Bank Nifty climbed 0.90 percent. Bharti Infratel, Grasim Industries, Coal India, HUL and Zee Entertainment were among major gainers on the Nifty, while losers were Tata Motors, JSW Steel, Sun Pharma, TCS and Bharti Airtel. Among sectors, pharma, metal, infra, FMCG and Energy rose 1 percent each. BSE Midcap and Smallcap indices ended with 1.3 percent gain. READ MORE

Feb 19, 2020 3:39 PM

Sachin Bansal aims to simplify financial services to make it more accessible##Sachin Bansal aims to simplify financial services to make it more accessible

Sachin Bansal, co-founder of Flipkart, is these days intensely focussed on the financial services sector, having turned investor in a bunch of fintech companies. Bansal is on a mission to revolutionise and disrupt India’s banking system, looking to simplify financial services and make it more accessible. “Digital technologies have changed a lot but the financial services space has not adopted all of that yet. So we thought that it would be a good thing if some of those principles of consumer tech can be brought into financial services,” he said in an exclusive interview to CNBC-TV18. READ MORE

Feb 19, 2020 3:26 PM

HUL at lifetime high as co hikes Lifebuoy, Lux prices##HUL at lifetime high as co hikes Lifebuoy, Lux prices

Shares of Hindustan Unilever rose as much as 3 percent to hit a lifetime high of Rs 2,308.20. The FMCG major has reportedly hiked the price of its Lifebuoy soaps by up to 12 percent and of Lux soaps by up to 5.6 percent last week. The company has hiked prices of its soap products due to rising cost of palm oil, which is a key raw material in manufacturing soaps. Earlier, the company had said it was looking to hike prices in a phased manner in the current quarter, even though it was staying cautious on the near-term market outlook.

Feb 19, 2020 3:16 PM

Coronavirus impact: The stocks that will gain or lose##Coronavirus impact: The stocks that will gain or lose

Among Auto and ancillary stocks, Tata Motors and Motherson Sumi will be impacted negatively due to their exposure to China while tyre stocks will benefit, according to Geojit Financial Services.

Click or tap to check out the full report

Feb 19, 2020 3:00 PM

Grasim Industries surges on hope of reprieve for Vodafone Idea##Grasim Industries surges on hope of reprieve for Vodafone Idea

Shares of Grasim Industries surged tracking gains in Vodafone Idea, which rose on hopes that the government may announce some reprieve for the telecom sector following its Cabinet meeting, due later today. Grasim Industries, which holds a little over 11% stake in Vodafone Idea, stands to benefit if any reprieve is announced to help the telecom company remain as a 'going concern'. At 2.14 pm, shares of Grasim Industries were up 4.2 percent at Rs 754.30.

Feb 19, 2020 2:24 PM

Feb 19, 2020 2:12 PM

Pharma, metal stocks lead gains as markets trade higher##Pharma, metal stocks lead gains as markets trade higher

Buying can be witnessed across sectors with Nifty Pharma and Nifty Metal gaining the most followed by Nifty Media, Nifty PSU Bank and Nifty FMCG. Midcap and Smallcap indices are also trading higher. Bharti Infratel, Grasim Industries, Coal India, ZEEL and Hindustan Unilever are among the top gainers on the Nifty constituents while Tata Motors, Sun Pharmaceutical Industries, Maruti Suzuki, Tata Consultancy Services and L&T are the top losers. READ MORE

Feb 19, 2020 1:59 PM

Feb 19, 2020 1:44 PM

Nifty rejig: Shree Cement in, Yes Bank out from March 27##Nifty rejig: Shree Cement in, Yes Bank out from March 27

Two stocks that is Yes Bank and Shree Cement are reacting to their exclusion and inclusion from the Nifty 50 list, effective from March 27. There was an official announcement on Feb 18 that there is a change in the Nifty component; Yes Bank will get excluded and Shree Cement will get included in place of that.

Feb 19, 2020 1:34 PM

Vodafone Idea jumps over 36% as viability concern recedes##Vodafone Idea jumps over 36% as viability concern recedes

Shares of Vodafone Idea jumped over 36 percent today as concerns over the company remaining a going concern eased slightly on a report the government is backing a three-private player market and is unlikely to invoke the company's bank guarantees for now. On Tuesday, officials of the telecom and the finance ministries met Cabinet Secretary Rajiv Gauba to consider postponing other payments for telecom companies to bring relief, a report by the Economic Times said. Invoking bank guarantees would be the precursor to termination of telecom licences, the report said, citing an official.

Shares quoted at Rs 4.10 apiece, jumping over 36 percent on NSE at 1.04 pm.

Feb 19, 2020 1:03 PM

Lucy Macdonald of Allianz Global sees a long-term growth potential##Lucy Macdonald of Allianz Global sees a long-term growth potential

Feb 19, 2020 12:54 PM

SpiceJet jumps 7%; co to start new 20 domestic flights##SpiceJet jumps 7%; co to start new 20 domestic flights

Shares of SpiceJet jumped 7% after the company said it will start 20 new domestic flights from March 29, which will aid in lifting its revenues. With the commencement of these new flights, the airline will now operate a total of 52 flights connecting 12 cities under the regional connectivity scheme or Ude Desh ka Aam Naagrik routes of Varanasi-Patna and Amritsar-Patna, the company said in an exchange filing. All the new flights introduced will be operational daily and the airline will deploy a mix of its Boeing 737-800 and Bombardier Q400 aircraft on all these routes, the company said.

Feb 19, 2020 12:39 PM

Max Life's Mihir Vora says will start taking bigger bets on auto in the next two months##Max Life's Mihir Vora says will start taking bigger bets on auto in the next two months

Max Life Insurance will start taking bigger bets on the automobile sector after the introduction and reception of BS-VI emission norms in the country, Mihir Vora, the director and chief investment officer of the company told CNBC-TV18 in an interview. Vora said: “In next two months we will start taking bigger bets on auto. Right now we have gone from underweight to neutral but probably the overweight will come after April when we see the numbers and the price effects of BS-VI.” READ MORE

Feb 19, 2020 12:28 PM

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