Thank you reader and here are the main trends and highlights from the markets today##Thank you reader and here are the main trends and highlights from the markets today

Thank you readers and before we end our live coverage of the stock markets today; here’s a snapshot of major trends and highlights from Tuesday’s trade:

-Market regains budget day’s losses, Sensex up 1,054 points in 2 sessions.

-Nifty back near 12,000, up 318 points in the last two sessions.

-In Tuesday’s trade, Sensex gains 917 points to 40,789 & nifty 272 points to 11,979.

-Nifty bank advances 663 points to 30,686, led by HDFC Bank and ICICI Bank.

-Midcap index moves 1 percent higher i.e. 202 points to 17,910.

-All sectoral indices in the green with metal index being top gaining index.

-Market breadth favours advances; advance-decline ratio at 2:1.

-Zee Entertainment slips over 5 percent on reports of MCA’s order to inspect company’s financials.

-Titan surges over 7 percent after reporting in-line earnings, jewellery biz up 10.6 percent.

-47 nifty stocks close in the green; HDFC twins and Reliance top contributors to the index.

Feb 4, 2020 4:16 PM

Sensex heatmap at close: Titan, ITC top gainers, Bajaj Auto falls 3.5%##Sensex heatmap at close: Titan, ITC top gainers, Bajaj Auto falls 3.5%

Feb 4, 2020 3:39 PM

Closing bell: Sensex settles 917 points higher, Nifty settles at 11,980##Closing bell: Sensex settles 917 points higher, Nifty settles at 11,980

Domestic stock markets closed Tuesday's session on a sharply higher note, tracking global gains and the recent slide in crude prices. Investors opted for low-level buying in beaten-down stocks. The Sensex gained 917.07 points, or 2.30 percent, to settle Tuesday's trade at 40789.38. The Nifty rose 271.75 points, or 2.32 percent, to settle at 11,982.45. The Nifty MidCap 100 index rose 1.14 percent, while the banking gauge, Nifty Bank advanced 2.21 percent.

Feb 4, 2020 3:36 PM

IRCTC up 12% on report CCI clears company in pricing case##IRCTC up 12% on report CCI clears company in pricing case

Shares of Indian Railway Catering & Tourism Corp jumped nearly 12 percent today, hitting a lifetime high of Rs 1,395.90 after a PTI report said the Competition Commission of India has absolved Indian Railways and its arm IRCTC of allegations of unfair market practices. The order came after the regulator in November 2018, ordered a detailed probe into the allegations of abuse of dominant market position against the Ministry of Railways and IRCTC for charging higher price than actual base fare on the sale of e-tickets, the PTI report said.

Feb 4, 2020 3:24 PM

PNB reports net loss of Rs 492.28 crore in Q3FY20 as provisions rise##PNB reports net loss of Rs 492.28 crore in Q3FY20 as provisions rise

State-run Punjab National Bank (PNB) on Tuesday reported a net loss of Rs 492.28 crore in the third quarter of fiscal year 2020 as against a net profit of Rs 2,46.51 crore in the same period last fiscal. CNBC-TV18 poll had estimated a profit of Rs 967.7 crore during the quarter. The net interest income (NII) at Rs 4,355 crore was below CNBC-TV18 poll estimates of Rs 4,684.2 crore. However, NII was up 1.5 percent from Rs 4,290.1 crore in Q3FY19. READ MORE

Feb 4, 2020 3:13 PM

Here's a quick round-up of what has so far happened in the markets today##Here's a quick round-up of what has so far happened in the markets today

-BSE Sensex and NSE Nifty50 trade well over 2 percent higher led by sharp rise in bank shares and index heavyweight Reliance Industries.

-The BSE Sensex traded over 900 points higher at 40792, while the Nifty was at the 11,980 zone, rising 273 points higher.

-The banking gauge, Bank Nifty rose 2.2 percent, while the Nifty MidCap underperformed in comparison to its frontline peers but still traded over a percent higher.

-All sectoral indices traded in the green with Nifty Realty, Pvt Bank, Pharma, Metal, Nifty Fin Service and Nifty Bank trading over 2 percent. Nifty Metal rose 3.2 percent as China took steps to contain coronavirus.

-Hero MotoCorp, Bharti Infratel, JSW Steel, Hindalco, HDFC Bank were top Nifty gainers, Yes Bank, Bajaj Auto, Eicher Motors, Nestle India and Britannia were top laggards.

Feb 4, 2020 3:01 PM

Titan gains 7% on firm Q3 jewellery sales, margin##Titan gains 7% on firm Q3 jewellery sales, margin

Shares of Titan Company surged today after the jewellery and lifestyle major reported strong sales in its jewellery division for the quarter ended December and as operating margin for the quarter expanded 150 basis points on year to 11.85 percent. The jewellery division, which contributes 80 percent to sales, recorded growth of 10.6 percent on year in the December quarter. The company said it has many more products lined up in Q4, which investors believe could further drive growth. The company's double-digit growth in jewellery sales has come in an environment of subdued demand despite the quarter being aided by traditional wedding season. At 2.38 pm, shares of Titan jumped 6.6 percent at Rs 1,263.20.

Feb 4, 2020 2:55 PM

ITC rebounds on value buying post heavy selling on excise duty hike##ITC rebounds on value buying post heavy selling on excise duty hike

Shares of ITC bounced back and gained over 3 percent after losing nearly 12 percent over the last two trading sessions as the Union Budget for 2020-21 (April-March) on Saturday proposed to hike excise duty on cigarettes and other tobacco products. Shares quoted at Rs 216.40, up 4.19 percent on BSE at 2.37 pm. The benchmark 30-share BSE Sensex traded 866 points higher at 40,739.

Feb 4, 2020 2:38 PM

Feb 4, 2020 2:28 PM

Feb 4, 2020 2:12 PM

Bajaj Auto falls as January sales drop 3% YoY##Bajaj Auto falls as January sales drop 3% YoY

The share price of two-wheeler major Bajaj Auto fell on Tuesday due to a 3 percent fall in its total sales for January 2020 at 394,473 units as against 407,150 units sold in January 2019. READ MORE

Feb 4, 2020 1:51 PM

Bharti Airtel Q3 Earnings: Good quarter likely due to tariff hike

Telecom giant Bharti Airtel is set to declare its third-quarter results on Tuesday. Bharti Airtel has been one of the strongest stocks. The stock has gone up 60 percent in the last six months.

Feb 4, 2020 1:44 PM

Piramal Enterprises shares knocked down 4.5% from highs as GNPA doubles QoQ##Piramal Enterprises shares knocked down 4.5% from highs as GNPA doubles QoQ

Piramal Enterprises' gross NPA increases to 1.8 percent from 0.9 percent as a few accounts moved to stage-III from stage-II. Stage-II & III loans as a percentage of overall loanbook are up 30 bps to 2.1 percent. Shares quoted at Rs 1397.80, jumping 4.48 percent at 1.39 pm on BSE. The shares fell from the day's high price of Rs 1436 apiece.

Feb 4, 2020 1:40 PM

Growth prospects steer RIL back to Rs 9 trillion market cap##Growth prospects steer RIL back to Rs 9 trillion market cap

Shares of Reliance Industries were up 3.3 percent, helping the company's market capitalisation return to over Rs 9 trillion, owing to a strong rise in Asian stock markets and a decline in global crude oil prices. Shares of Reliance Industries were up 2.5 percent at Rs 1,420.40 at 1.19 pm. The total traded quantity was 2.9 lakh shares.

Feb 4, 2020 1:20 PM

Oil prices rebound from China virus slump amid ginger recovery across markets##Oil prices rebound from China virus slump amid ginger recovery across markets

Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday’s sharp sell-off on fears of the impact of the China coronavirus on demand for fuel sent crude to its lowest level in more than a year.

Brent crude was at $54.66 a barrel by 0227 GMT, up 21 cents, or nearly 0.4 percent, while US West Texas Intermediate (WTI) crude was up 32 cents, or 0.6 percent, at $50.43 a barrel.

Both Brent and WTI are currently down by more than 20 percent from this year’s peak on January 6.

“The rebound of crude oil prices reflects improved trading sentiment (across the Asia-Pacific region), as concerns over the coronavirus outbreak alleviated somewhat. The Asian equity market also recovered from yesterday’s losses,” said Margaret Yang, market analyst at CMC Markets.

She said recovery was also helped by the Organization of the Petroleum Exporting Countries (OPEC) and its allies considering further supply cuts amid concerns that the virus will dampen the outlook for global energy demand.

Feb 4, 2020 12:56 PM

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