Sensex ends 481 points higher, Nifty at 11,300; Bharti Airtel top gainer
12 March 2019
Market at close: Bulls took charge on the Dalal Street as benchmark indices rose for the two consecutive days.
The Sensex was up 481.56 points at 37535.66, while Nifty was up 133.20 points at 11301.20. About 1595 shares have advanced, 1088 shares declined, and 147 shares are unchanged.
Bharti Airtel, ICICI Bank, IndusInd Bank, L&T and Adani Ports were the top gainers on the Nifty, while losers were Eicher Motors, Bajaj Finance, ONGC, Bharti Infratel and Infosys.
Among the sectors, infra, energy, bank, FMCG, metal and pharma witnessed buying interest, while IT and PSU bank index closed marginally lower.
BSE midcap index rose 0.6 percent, while BSE Smallcap index ended 1 percent higher.
BGR Energy wins 2 orders: Electrical Projects Division (EPD) and Environmental Engineering Division (EED) of the company have secured two orders for an aggregate value of Rs 324.46 crore.
Sharon Bio Medicine locked at upper circuit: Maharashtra Pollution Control Board (MPCB) withdrew the closure notice received for the company's API plant at Taloja, Maharashtra.
JSW Steel gains: India Ratings and Research (Ind-Ra) has upgraded the long term issuer rating to IND AA from IND AA-. Outlook remains stable.
Indian Hume Pipe gets 2 LoA: The company has received two Letters of Acceptance aggregating to Rs 551.40 crore (including GST) from Water Resources Investigation Division, Palanpur, Gujarat.
Market Update: The benchmark indices are trading higher in the afternoon session.
The Sensex is up 391.51 points at 37445.61, while Nifty is up 114.20 points at 11282.20. About 1538 shares have advanced, 924 shares declined, and 132 shares are unchanged.
Bharti Airtel, L&T, IndusInd Bank, Adani Ports and ICICI Bank are the top gainers on the Nifty.
Buzzing: Shares of Deep Industries gained 9 percent after company received a letter of award of contract from ONGC, for charter hiring of 1 numbers of 1000 HP Mobile Drilling Rig for Ahmedabad Asset for a period of 3 years, as per company release on BSE.
Buzzing: Nifty Bank has crossed all-time closing high of 28,320 hit on August 9, 2018. The index is 60 points away from intraday record high.
Buzzing: Welspun Corp shares rallied 7 percent in morning Tuesday on bagging additional pipe orders from global clients.
PSP Projects bags order: Share price of PSP Projects added nearly 6 percent in the early trade on Tuesday after company received work orders worth Rs 602 crore.
Market Opens: Indian indices continued its upward momentum on the second day on Tuesday with Nifty opened above 11,200 level.
The Sensex is up 291.67 points at 37345.77, while Nifty is up 80.50 points at 11248.50. About 759 shares have advanced, 129 shares declined, and 24 shares are unchanged.
RIL, Tata Motors, IOC, Bajaj Finserv, HDFC, Dabur, Ashok Leyland, Union Bank, IOB, Coal India, HDFC Bank, Gail, Grasim Industries are among major gainers on the indices, while losers are Bharti Airtel, Bharti Infratel and HDFC Standard Life.
All the sectoral indices are trading higher led by energy, infra and metal.
Rupee Opens: The Indian rupee opened higher by 13 paise at 69.75 per dollar on Tuesday versus Monday's close 69.88.
Market at pre-open: Benchmark indices are trading higher in the pre-opening session with Nifty at around 11,230 level.
The Sensex is up 167.02 points at 37221.12, while Nifty up 62.10 points at 11230.10.
Tata Motors, HCL Tech, JSW Steel, Vedanta, Indiabulls Housing, Bajaj Finance, Hero Moto are among major gainers in the pre-opening trade.
Crude Update: Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC.
Asian markets trade higher?:The pound jumped on Tuesday and Asian shares rose after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a divorce agreement.
SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 49.50 points or 0.44 percent. Nifty futures were trading around 11,262-level on the Singaporean Exchange.
Wall Street ends higher: US stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing's shares limited the Dow's advance after a deadly airline crash in Ethiopia.