Nifty ends above 11,150, Sensex gains 382 points; metal stocks outperform
11 March 2019
Market at close: Indices ended on strong note on Monday as bulls took charge of the Dalal Street with Sensex closed above 37,000, while Nifty finished above 11,150 mark.
The Sensex was up 382.67 points at 37054.10, while Nifty was up 132.60 points at 11168. About 1735 shares have advanced, 911 shares declined, and 163 shares are unchanged.
Bharti Airtel, HPCL, BPCL, Eicher Motors and Bharti Infratel were the top gainers on the Nifty, while losers include NTPC, Zee Entertainment, TCS, Tech Mahindra and HCL Tech.
Except IT index, all other sectoral indices ended in green led by auto, energy, infra, metal, PSU bank, pharma and FMCG.
NBCC secures new orders: NBCC (India) has secured new works from Raipur SMART City Limited (RSCL) for various infrastructure projects.
Godfrey Phillips gains: Shares touched 52-week high of Rs 1,042.50, rising 9 percent intraday Monday after company clarified on the news report about violation of the Foreign Direct Investment (FDI) laws by the company.
Buzzing: Jet Airways shares gained 3 percent after a media report claimed that the company received fresh credit from Punjab National Bank. Also sources said Etihad Airways board of directors will discuss revival plan for the company.
Buzzing: Shares of Ashoka Buildcon have surged 6 percent after the company's subsidiary received LoA from NHAI.
Buzzing: GMR Infrastructure shares gained 1.5 percent after company's subsidiary GMR Airports (GAL) received the formal letter of award (LoA) from MIHAN India, the concessioning authority for the Nagpur Airport.
Market Updates: The benchmark indices extended the morning gains with Sensex inching towards 37,000, while Nifty trading at 2019 high.
Also, Nifty Bank has touched 28,000 for the first time since September 3, 2018.
HPCL, BPCL, Bharti Infratel, Coal India and Eicher Motors are the top gainers on the Nifty.
Dilip Buildcon declares as lowest bidder: Shares of Dilip Buildcon rose 6 percent in the early trade on Monday after company declared as lowest bidder for the project in the state of Maharashtra.
The company has been declared L-1 bidder for the EPC project in the state of Maharashtra, valued at Rs 480.06 crore by the National Highways Authority of India (NHAI).
Market opens: It is a positive start for the indices on Monday with Nifty inching towards 11,100 mark.
The Sensex is up 212.54 points at 36883.97, while Nifty up 68.90 points at 11104.30. About 739 shares have advanced, 208 shares declined, and 53 shares are unchanged.
Sadbhav Infra, GMR Infra, Jet Airways, Dilip Buildcon, SBI, ONGC, IOC, Titan, Dr Reddy’s Lab, Bharti Infratel, JSW Steel, Hero Moto, are some of the gainers on the indices, while lowers are Kotak Mahindra Bank, CG Power, Reliance Infra, TCS, Nalco and REC.
All the sectoral indices are trading in green.
Rupee Opens: The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 70.01 per dollar versus previous close 70.15.
Market at pre-open: Benchmark indices are flat in the pre-opening trade with positive bias Nifty around 11,100 level.
The Sensex is up 32.77 points at 36704.20, while Nifty is up 44.70 points at 11080.10.
Titan, L&T, SBI, are among major gainers in the pre-opening session.
Asian markets trade lower: Asian shares pulled back on Monday after US employment data raised doubts about the strength of the global economy while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound.
Crude Update: Oil prices rose on Monday, lifted by Saudi oil minister Khalid al-Falih saying an end to OPEC-led supply cuts was unlikely before June and a report of falling US drilling activity.
SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 15 points or 0.14 percent. Nifty futures were trading around 11,043-level on the Singaporean Exchange.