Sensex up 341 points; IT stocks led gainers

25 Feb 2019

Market at close: Bulls took the control on the Dalal Street on Monday with the Nifty and Sensex finished nearly 1 percent higher.

The Sensex was up 341.90 points at 36213.38, while Nifty was up 88.40 points at 10,880.10. About 1515 shares have advanced, 1072 shares declined, and 147 shares are unchanged.

TCS, Grasim Industries, Yes Bank, Infosys and UltraTech Cement were among top gainers on the Nifty, while losers were Adani Ports, Bharti Infratel, BPCL, HPCL and Zee Entertainment.

Among the sectors, except infra, energy and PSU banks all other sectoral indices ended in green led by IT index (up 2%) followed by auto, pharma, metal and FMCG.

Market Update: Benchmark indices extended its gain with Nifty trading above its 200-DMA, while Sensex rose 350 points.

At 15:13 hrs IST, the Sensex is up 356.02 points or 0.99% at 36227.50, and the Nifty up 91.60 points or 0.85% at 10883.30. About 1499 shares have advanced, 973 shares declined, and 138 shares are unchanged.

Tata Elxsi collaborates with NOS: Tata Elxsi and NOS announce the launch of the Digital Operations Transformation Toolbox (DOTT 2.0) for communication and entertainment service providers

HG Infra declared lowest bidder: HG Infra has been declared, L-1 for new HAM project under NHAI for Construction of proposed Narnaul Bypass (design length 24.0 km)-Ateli Mandi to Narnaul section of NH-11 from km 43.445 to km 56.900 (design length 14.0 km) as an Economic Corridor-Feeder route in the state of Haryana on Hybrid Annuity Mode.

Adani Ports Plunges Over 8%

Adani Ports and Special Economic Zone shares fell more than 8 percent intraday after its subsidiary Adani Logistics is set to acquire Adani Agri Logistics (AALL) from Adani Enterprises.

The acquisition will be an all cash deal and is expected to be completed by March 2019, the company said in its filing.

"AALL is a subsidiary of Adani Enterprises and the transaction is proposed at an enterprise value of Rs 1,662 crore. After acquisition, the combined business EBITDA (earnings before interest, tax, depreciation and amortisation) will immediately double to around Rs 200 crore," it added.

RPP Infra Projects bags order: The company has secured a LoA (Letter of Acceptance) worth Rs 106.7 crore from the Tamil Nadu Slum Clearance Board for construction of 972 tenements at Moorthingar Street in Chennai.

Adani Enterprises Wins Bids For 5 Airports

Adani Enterprises shares rallied 2.7 percent intraday after a media report indicated that company won bids for five airports.

Sources told CNBC-TV18 that Adani Group's flagship company has won bids for Ahmedabad, Jaipur, Lucknow, Mangalore & Thiruvananthapuram airports.

Bids for Guwahati airport is likely to open on February 26, the report said.

Market Update: The Sensex is up 90.22 points or 0.25% at 35961.70, and the Nifty up 12.30 points or 0.11% at 10804.00. About 1181 shares have advanced, 788 shares declined, and 120 shares are unchanged.

Jubilant Life Sciences to BSE: We wish to inform you that our material wholly-owned subsidiary, Jubilant Pharma Limited ('JPL') has, at its meeting held on February 25 approved the proposal to launch an offering of unsecured bonds (Notes) outside India, under Regulation S of the US Securities Act of 1933, as amended. The Notes are proposed to be (i) issued to institutional investors outside India and (ii) listed and quoted on the Official List of the Singapore Exchange Securities Trading Limited. The issuance of the Notes by JPL will not be a public offering in India.

Buzzing: Shares of Sharon Bio Medicine locked at 5 percent upper circuit on Monday despite USFDA inspected company's API facility at Taloja.

The company's API facility located at Taloja, Maharashtra received 4 Form 483 observations after the inspection completed by USFDA.

Crude Update: Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth.

Market Update: After a positive start benchmark indices erased some of its morning gains with Nifty trading below 10,800 mark.

The Sensex is up 37.92 points at 35909.40, while Nifty is down 0.30 points at 10791.40. About 921 shares have advanced, 597 shares declined, and 102 shares are unchanged.

Buzzing: Shares of Wipro touched 52-week high of Rs 383.35, rising over 1 percent in the early trade on Monday on shareholders’ approval for bonus shares.

Market Opens: It is positive start for the benchmark indices on Monday with Sensex is trading around 36,000 level.

At 09:18 hrs IST, the Sensex is up 124.38 points at 35995.86, while Nifty up 27.00 points at 10818.70. About 600 shares have advanced, 226 shares declined, and 43 shares are unchanged.

Indiabulls Housing, JSW Steel, Yes Bank, Maruti Suzuki, Hero Moto, Tech Mahindra, Tata Steel, DLF, Sobha, Oberoi realty, Sunteck Realty, GVK Power, Reliance Capital, Godrej Properties are among major gainers on the indices, while losers are Adani Port, Mindtree, Jet Airways, IIFL Holding and Motilal Oswal.

Rupee Opens: The Indian rupee gained in the early trade on Monday. It opened higher by 12 paise at 71.02 per dollar versus previous close 71.14.

Market at pre-open: Benchmark indices are trading higher in pre-opening session.

At 09:03 hrs IST, the Sensex is up 145.01 points at 36016.49, while Nifty is up 24.60 points at 10816.30.

Real estate stocks are trading higher post GST Council slashed tax rate on under-construction residential properties

Indiabulls Housing, HUL, Oberoi Realty, DLF, Godrej Properties are trading higher in the pre-opening session, while Jet Airways, Motilal Oswal and Sobha are trading lower.

Gold Update: Gold prices edged up on Monday as the dollar eased after US President Donald Trump said he would delay an increase in tariffs on Chinese goods as trade talks between the two nations were making progress, while palladium hit a record-high.

Asian markets trade firm: Asian shares scaled a 5-month peak on Monday after US President Donald Trump confirmed he would delay a planned increase on Chinese imports as talks between the two sides were making “substantial progress”.

SGX Nifty: Trends on SGX Nifty indicate a flat to positive opening for the broader index in India, a gain of 16 points or 0.15 percent. Nifty futures were trading around 10,823-level on the Singaporean Exchange.