Sensex gains 142 points; Tata Motors up 3%
21 February 2019
Market at close: Benchmark indices closed on positive note with Nifty finished around 10,800 level helped by buying in select pharma, metal and PSU banking names.
The Sensex was up 142.09 points at 35898.35, while Nifty was up 54.40 points at 10789.90. About 1555 shares have advanced, 971 shares declined, and 146 shares are unchanged.
Indiabulls Housing, Bajaj Finserv, Tata Motors, Dr Reddy’s Labs and Vedanta were the major gainers, while losers include BPCL, Bharti Infratel, Yes Bank, Infosys and Maruti Suzuki on the Nifty.
Except IT, all the sectoral indices ended in green. Midcap and smallcap also gained 0.8 percent and 1 percent respectively.
Ashoka Buildcon emerges as lowest bidder: Company's subsidiary viz. Ashoka Concessions emerged as the lowest bidder by National Highways Authority of India (NHAI) for the project viz. Tumkur - Shivamogga Section on Hybrid Annuity Mode under Bharatmal in the State of Karnataka.
Supreme Court exempts Saridon from list of Banned FDCs: The Supreme Court of India has ruled in favor of Saridon, a heritage brand from the healthcare product portfolio of Piramal Enterprises, exempting its formulation from the list of banned FDCs (Fixed Dose Combinations).
Som Distilleries board meeting on March 2: Som Distilleries and Breweries board meeting will be held on March 2, 2019 to consider allotment of 12,88,906 equity shares of Rs 10 each upon conversion of equal number of convertible warrants issued to the promoters at a price of Rs 271.55 per share.
NIIT Technologies collaborates with Microsoft: NIIT Technologies announced a global collaboration with Microsoft to accelerate the cloudification of its enterprise clients. In collaboration with Microsoft, NIIT Technologies will focus on the comprehensive cloud needs of enterprises-from infrastructure to business applications.
Market Update: Sensex is up 172.22 points or 0.48% at 35928.48, and the Nifty up 55.30 points or 0.52% at 10790.80. About 1,329 shares have advanced, 914 shares declined, and 131 shares are unchanged.
Rel Comm to BSE: Reliance Communications group has requested urgent approval from its lenders to release approx. Rs 260 crore received from Income Tax refunds, lying in its bank account, directly to Ericsson. A sum of Rs 118 crore has already been deposited with the Hon’ble Supreme Court.
Market Update: Sensex is up 145.18 points or 0.41% at 35901.44, and the Nifty up 41.80 points or 0.39% at 10777.30. About 1,204 shares have advanced, 821 shares declined, and 107 shares are unchanged.
ICICI Bank, Vedanta re biggest gainers up more than 2%.
Tech Mahindra to BSE: Approved the proposal for buyback by the Company of its own fully paid equity shares of Rs 5 each not exceeding 20,585,000 equity shares. The record date will be March 6, 2019 at an offer price of Rs 950 for an aggregate amount not exceeding Rs 1,956 crore. The stock surges 3%.
Rupee Update: The Indian rupee is trading higher about 9 paise or 0.12% against the US dollar. One US dollar is priced at Rs 71.03.
Buzzing: Tech Mahindra shares have touched 52-week high ahead of the board meeting to consider share buyback. The stock is currently trading at Rs 825 at the BSE, up 1.6%.
Tata Steel gains: Shares of Tata Steel gained 1.2 percent in the early trade on Thursday after Moody’s Investors Service has upgraded long term corporate family rating (CFR) by one notch to Ba2 from Ba3.
Gold Update: Gold prices were firm near a 10-month peak on February 22 , with the dollar holding steady in the wake of minutes from the latest US Federal Reserve meeting that rekindled expectations of a possible rate hike later in the year.
Market Opens: It is flat start for the benchmark indices on Thursday with Nifty hovering around 10,750 mark
The Sensex is up 7.59 points at 35763.85, while Nifty is down 5.30 points at 10730.20. About 428 shares have advanced, 333 shares declined, and 42 shares are unchanged.
Tech Mahindra, Allahabad Bank, ICICI Bank, SBI, Indiabulls Housing, are among major gainers, while losers are Reliance Power, BPCL, HPCL, IOC, Bharti Airtel, Vodafone Ida, TCS and Yes Bank,
Rupee Opens: The Indian rupee opened marginally higher at 71.07 per dollar on Thursday versus previous close 71.11.
Market at pre-open: Indian indices are trading firm in the pre-opening session with Nifty above 10,750.
At 09:01 hrs IST, the Sensex is up 109.50 points or 0.31% at 35865.76, and the Nifty up 16.50 points or 0.15% at 10752.
SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 24.50 points or 0.23 percent. Nifty futures were trading around 10,742.50-level on the Singaporean Exchange.
Asia shares trade steady?: Asian shares held near 4-1/2-month highs on Thursday after US Federal Reserve minutes affirmed it would be "patient" on interest rate rises and risk assets got a lift from hopes of further progress in US-China trade talks.
Wall Street ends higher: US stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the US central bank would be "patient" with respect to further interest rate hikes.