Sensex up 403 points; metal, oil stock in focus
20 February 2019
Market at close: Indian indices bounced back and broke the 8-day losing streak on Wednesday with Nifty ended near to 10,750 mark helped by metal, IT and oil & gas stocks.
The Sensex was up 403.65 points at 35756.26, while Nifty was up 131.10 points at 10735.50. About 1468 shares have advanced, 1107 shares declined, and 161 shares are unchanged.
Top gainers include Indiabulls Housing, Vedanta, Tata Steel, Adani Ports and Hindalco Industries, while losers are Zee Entertainment, Hero Motocorp, Dr Reddy’s Labs, HUL and Bajaj Auto.
All the sectoral indices ended in green led by metal, IT, energy, infra, bank, pharma and auto stocks.
HCL Technologies wins contract: HCL Technologies has won a five year IT infrastructure and application services contract with EDF Luminus, the second largest electricity producer and energy supplier in the Belgian energy market.
TRF to issue preference shares to Tata Steel: The board approved proposal to issue, offer and allot up to 25,00,00,000 12.5% NCRPS of face value of Rs10 each at par aggregating up to Rs 250 crore to Tata Steel on a private placement basis, subject to the approval of the shareholders of the company.
Market Update: Indian indices continue to trade higher but off day' high with Nifty holding above 10,650 level.
The Sensex is up 164.88 points at 35517.49, while Nifty was up 55.90 points or 0.53% at 10660.30. About 1291 shares have advanced, 1083 shares declined, and 127 shares are unchanged.
Cyient JV launches its new Aerial System: Cyient Solutions & Systems Pvt. Ltd. (CSS), a joint venture between Cyient Ltd. and BlueBird Aero Systems, Israel, today launched its latest offering, the WanderB Vertical Take-Off & Landing (VTOL) Unmanned Aerial System.
HG Infra to BSE: We are pleased to inform you that Company has been declared lowest bidder by the National Highway authority of India (NHAI), New Delhi for new EPC project for construction of 6-lane access controlled Greenfield highway as a part of Amritsar-Jamnagar Economic Corridor in the State of Rajasthan. Bid price is Rs 538.11 crore. The stock has surged over 6% intraday.
Market Update: The market has continued its positive momentum. Sensex is up 213.84 points or 0.60% at 35566.45, and the Nifty up 71.00 points or 0.67% at 10675.40. About 1,255 shares have advanced, 931 shares declined, and 106 shares are unchanged.
Buzzing: IndiGo shares have seen a sharp rise in day's trade, with comparatively higher volume. The stock is up 3% at Rs 1,132 on BSE.
Anil Ambani Vs Ericsson case: Supreme Court holds Anil Ambani guilty of contempt. Ambani will be sent on jail for 3 months in case of default on payment.
Suzlon Energy to BSE: At the request of the Company, CARE has withdrawn its rating assigned to the proposed commercial paper issue of the Company since the Company has neither placed the proposed commercial paper issue nor intends to do so.
HSBC on Jet Airways: Share price of Jet Airways declined nearly 2 percent after global research house maintained reduce call on the stock. HSBC has cut target of the company to Rs 190 from Rs 200 per share.
Essel Propack climbs 3%: The company has further received Rs 40 crore towards repayment of outstanding dues of inter corporate deposit. Essel has already received Rs 25.30 crore in last month. The balance amount is expected to be received by March 2019.
Buzzing: Shares of Duke Offshore locked at 20 percent upper circuit on the back of contract from Daewoo-Tata projects JV.
The company has been awarded a prestigious contract by Daewoo-Tata projects JV to provide one initial high speed vessel to support construction for the Mumbai Trans Harbour Link project.
Aarti Industries signs multi-year deal: Aarti Industries collaborates with Global Chemical Conglomerate to develop and supply High Value Specialty Chemical Intermediate worth USD 125 million for a 10 year supply period.
Market Opens: It is strong start for the indices on Wednesday with Nifty trading above 10,650 level.
At 09:17 hrs IST, the Sensex is up 196.95 points at 35549.56, while Nifty is up 63.50 points at 10,667.90. About 595 shares have advanced, 249 shares declined, and 49 shares are unchanged.
Shriram Trasport, ITI, Yes Bank, Indiabulls Housing, Vedanta, Power Grid, Dr Reddy's Lab, Grasim, Bajaj Finserv, are among major gainers, while losers include Zee Entertainment, Reliance Capital.
All the sectoral indices are trading in green led by realty, energy, metal, infra, pharma and FMCG.
Market at pre-open: Benchmark indices are trading higher in the pre-opening session with Nifty above 10,650 level.
At 09:02 hrs IST, the Sensex is up 119.25 points or 0.34% at 35471.86, and the Nifty up 71.30 points or 0.67% at 10675.70.
Essel Prepock gained 8 percent in the pre-opening trade as company further received Rs 40 crore towards repayment of outstanding dues of Inter corporate deposit.
Wall Street ends higher: US stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level US-China trade talks resumed in Washington.
Asian markets trade higher: Asian stocks gained a tad on Wednesday after US-China trade talks resumed while investors awaited minutes from the US Federal Reserve for clues on policymakers' thinking on interest rates and its balance sheet reduction policy.
SGX Nifty: Trends on SGX Nifty indicate a gap-up opening for the broader index in India, a gain of 51 points or 0.48 percent. Nifty futures were trading around 10,664.50-level on the Singaporean Exchange.