Sensex in positive territory; Nifty above 10,900
18 December 2018
Market at Close: Sharp buying in last hour helped equity benchmarks end the session with gains of 0.20 percent. The Nifty ended above 10,900.
Barring IT segment, all sectoral indices ended in the green. Major gainers included automobiles, banks, energy, metals and pharma, among others.
At the close of market hours, the Sensex was up 77.01 points or 0.21% at 36347.08, and the Nifty up 20.30 points or 0.19% at 10908.70. The market breadth was positive as 1416 shares advanced, against a decline of 1117 shares, while 160 shares were unchanged.
Sun Pharma, Vedanta, and Bajaj Finance gained the most, while Infosys, Wipro, ZEE and UPL were the top losers.
Market Update: Equity benchmarks recovered sharply in the last hour, with the Nifty hitting 10,900-mark.
The Sensex is up 55.34 points or 0.15% at 36325.41, while the Nifty was up 14.50 points or 0.13% at 10902.90. The market breadth is narrow as 1247 shares advanced, against a decline of 1134 shares, while 144 shares were unchanged.
Sun Pharma, Power Grid, and Bajaj Finance were the top gainers, while Infosys, Yes Bank, Zee Entertainment and UPL lost the most.
Market Update: Benchmark indices are trading flat in the afternoon trade with Nifty above 10,850 level.
The Sensex is down 39.39 points at 36,230.68, while Nifty is down 11.40 points at 10877. About 1205 shares have advanced, 1163 shares declined, and 139 shares are unchanged.
Kotak Institutional Equities on Tech Mahindra: Kotak Institutional Equities has retained add call with fair value at Rs 865 per share.
The company see telecom business growth of 5-7 percent in FY20 without 5G contribution, while 5G opportunity can be large with revenue flow uptick in FY21, said Kotak Institutional Equities.
It feels that predictability is returning to operations and financial performance, while margin in FY20 will at least match FY19 levels, it added.
Crude Update: Brent crude prices dropped more than USD 1 on Tuesday, falling for a third straight session, as reports of inventory builds and forecasts of record shale output in the United States, now the world's biggest producer, stoked worries about oversupply.
Market Update: Benchmark indices are continues to trade lower on Tuesday with Nifty is below 10,850.
At 11:50 hrs IST, the Sensex is down 183.71 points at 36,086.36, while Nifty down 56.70 points at 10,831.70. About 1077 shares have advanced, 1062 shares declined, and 120 shares are unchanged.
Sun Pharma, Larsen and Toubro and M&M, Tata Steel and SBI are the Top gainers on the Sensex.
Buzzing: Share price of Glenmark Pharma gained nearly 1 percent after USFDA approval for Fluocinolone Acetonide oil.
Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (USFDA) for Fluocinolone Acetonide Oil, 0.01% (Ear Drops), a generic version of DermOtic Oil, 0.01% (Ear Drops), of Hill Dermaceuticals, Inc.
Market Update: Equity benchmarks have continued to trade lowe,r with the Nifty trading just below 10,850.
The Sensex is down 147.52 points or 0.41% at 36122.55, while the Nifty is lower 43.90 points or 0.40% at 10844.50. The market breadth is narrow as 791 shares advanced, against a decline of 751 shares, while 80 shares were unchanged.
Shares of Mahindra & Mahindra and Sun Pharma are the top gainers, while Infosys and Wipro have been hit the most.
Market opens: It’s a lower start for the market on Tuesday morning, with benchmarks seeing cuts of around 0.50 percent.
The Sensex is lower by 151.23 points or 0.42% at 36118.84, while the Nifty is down 58.40 points or 0.54% at 10830.00. The market breadth was negative as 203 shares advanced, against a decline of 215 shares, while 34 shares were unchanged.
All sectoral indices are witnessing selling pressure, with maximum cuts seen among banks, information technology, automobiles, and consumption names. In the broader market, the Nifty Midcap index is down around one-third of a percent.
Shares of Coal India, Tata Motors, HPCL and BPCL have gained the most, while Infosys and Wipro are the top losers.
Market at pre-open: Equity benchmarks have begun on a mixed note on Tuesday morning, with the Nifty trading around 10,850-mark in pre-opening trade.
The Sensex is up 120.41 points or 0.33% at 36390.48, and the Nifty down 15.70 points or 0.14% at 10872.70.
The Indian rupee has opened higher at 71.33/$.
SGX Nifty: Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 26.50 points or 0.24 percent. Nifty futures were trading around 10,887-level on the Singaporean Exchange.