Sensex ends on a high note, Nifty just below 10,850; Yes Bank surges 8%
24 January 2019
Market at Close: Equity benchmarks have ended the day on a positive note, but the Nifty has ended the session below 10,850.
Among sectors, energy, IT and PSU banks were the big gainers, while automobiles and pharmaceuticals saw some pain.
At the close of market hours, the Sensex was up 86.63 points or 0.24% at 36195.10, and the Nifty up 18.30 points or 0.17% at 10849.80. The market breadth was negative as 938 shares advanced, against a decline of 1,533 shares, while 152 shares were unchanged.
Yes Bank and Reliance Industries were the top gainers, while Tata Motors, Power Grid, and Bharti Infratel lost the most.
PVR Q3 result: PVR has posted 78.5 percent jump in its third quarter (Q3FY19) consolidated net profit at Rs 51.6 crore against Rs 29 crore in the same quarter last fiscal. Revenue of the company 51 percent at Rs 843.1 crore against Rs 557.3 crore.
Market Update: At 1035 hours IST, the Sensex is up 33.70 points or 0.09% at 36142.17, and the Nifty up 7.70 points or 0.07% at 10839.20. About 838 shares have advanced, 932 shares declined, and 112 shares are unchanged.
Power Grid Corp and RIL are the biggest index gainers, and Tata Motors, UPL and Yes Bank are the biggest losers.
China very much wants to make trade deal with US: US President Donald Trump said China wants to have a trade deal with the US as the Communist nation is not doing well due to the tariffs slapped by America.
The US and China have been locked in an escalating trade spat since early 2018, raising import tariffs on each other's goods.
"China very much wants to make a deal. We will see what happens. I like where we are right now. We are doing great as an economy, they are not doing very well because of the tariffs," he told reporters at the White House ahead of the US visit of a high-level Chinese delegation for talks on bilateral trade.
Glenmark Pharma get USFDA approval: Glenmark Pharmaceuticals Inc., USA has been granted tentative approval by the USFDA for Topiramate Extended-Release Capsules, 25 mg, 50 mg, 100 mg, 150 mg, and 200 mg, a generic version of QUDEXY1 XR Extended-Release Capsules, of Upsher-Smith Laboratories, LLC.
Results reaction: Shares of Bharti Infratel rose 2 percent in morning trade as investors reacted to Q3 performance. The tower company posted an 11 percent rise in consolidated net profit at Rs 648 crore for the December quarter.
Buzzing: Shares Apollo Micro Systems rose 5 percent in the early trade on Thursday after company bagged an order worth Rs 12.99 crore from Bharat Dynamics a defence public sector undertaking.
Market Opens: Indian indices started the day on flat note with Nifty trading below 10,850 level.
The Sensex is down 2.76 points at 36105.71, while Nifty is down 2.10 points at 10829.40. About 374 shares have advanced, 306 shares declined, and 29 shares are unchanged.
Bharti Airtel, Bharti Infratel, Vodafone Idea, Hero Motocorp, ITC, Zee Entertainment, Asian Paints are the major gainers, while United Spirits, Pidilite, Interglobe are among major losers.
Market at pre-opening: Benchmark indices are trading flat in the pre-opening session with Nifty trading below 10,835.
At 09:02 hrs IST, the Sensex is up 85.85 points or 0.24% at 36194.32, and the Nifty up 4.10 points or 0.04% at 10835.60.
Interglobe Aviation down 10% and Pidilite Industries down 3%, while Bharti Infratel gained 6 percent in pre-opening trade.
Market Headstart: Nifty likely to open higher; 3 stocks which could give 7-9% return
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 26 points or 0.24 percent. Nifty futures were trading around 10,867-level on the Singaporean Exchange.
Wall Street ends higher: Wall Street ended slightly higher on Wednesday after a spate of upbeat earnings reports, but lingering concerns about trade tensions and the longest U.S. government shutdown ever limited the advance.
Asian markets trade higher: Asian shares rose on Thursday after Wall Street managed to end higher, but gains were capped by political uncertainty in the United States and worries about weakening global economic growth.
SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 21.50 points or 0.20 percent. Nifty futures were trading around 10,862.50-level on the Singaporean Exchange.