Sensex ends 216 points higher, Nifty at 11,340; Bharti Airtel slips 4%
13 March 2019
Market at close: It is strong closing for Indian indices for the third consecutive day with Nifty finished at 11,340 level.
At the close, Sensex was up 216.51 points at 37752.17, while Nifty was up 40.50 points at 11341.70. About 1058 shares have advanced, 1641 shares declined, and 155 shares are unchanged.
IndusInd Bank, Yes Bank, Bajaj Finance, HDFC Bank and HPCL were the top gainers on the Nifty, while losers include Bharti Airtel, IOC, Vedanta, Zee Entertainment and Sun Pharma.
Among the sectors, except energy and PSU bank all other indices are ended in red led by metal, pharma and infra.
Bank Nifty touched 28,900 for the first time, while Smallcap and midcap index ended 0.3 percent lower.
Unichem Lab gets USFDA approval: The company has received ANDA approval for its Allopurinol Tablets, USP 100 mg and 300 mg from the United States Food and Drug Administration (USFDA) to market a generic version of ZYLOPRIM (allopurinol) Tablet.
Buzzing: Share price of Hindustan Fluorocarbons gained 5 percent after company board in its meeting held on March 11 approved the valuation report and sale of the 66 Acres 13 Gunthas of vacant surplus land of the company subject to the approval of the shareholders, Govt of India and Govt of Telangana/TSIIC.
Market Update: The Sensex is up 117.96 points or 0.31 percent at 37,653.62, and the Nifty up 15.70 points or 0.14 percent at 11,316.90. About 963 shares have advanced, 1,317 shares declined, and 110 shares are unchanged.
Nifty Realty is the biggest sectoral gainer and Nifty Media is the biggest loser at this hour.
SpiceJet to BSE: Consequent to the regulatory directive on the Boeing 737 Max, SpiceJet has already initiated grounding of its Max fleet. In order to cause least inconvenience to its passengers and also bring these aircraft to its maintenance base we expect to complete this exercise on or before 4 pm today.
SpiceJet has canceled 14 flights for today and will be operating additional flights from tomorrow. Of the 76 planes in our fleet, 64 aircraft are in operations.
Market Opens: It is a flat start for the Indian indices on Wednesday with Nifty below 11,300 level.
The Sensex is down 26.84 points at 37508.82, while Nifty is down 15.20 points at 11286. About 585 shares have advanced, 486 shares declined, and 33 shares are unchanged.
Interglobe Aviation, Apollo Tyres, Nestle, Eicher Motors, RIL, Wipro, ITC, HUL, Infosys are among major gainers on the indices, while losers are IOC, HPCL, Vedanta, JSW Steel, Kotak Mahindra Bank, ICICI Bank, Tata Motors, Allahabad Bank, Oil India and ONGC.
On the sectoral front, auto, bank, infra and metal indices are witnessing selling pressure, while FMCG ad IT indices are trading with marginal gains.
Market at pre-open: Benchmark indices are trading higher in the pre-opening, with Nifty around 11,330 level.
The Sensex is up 103.20 points at 37638.86, and the Nifty up 30.10 points at 11331.30.
JSW Steel and Vedanta are trading lower in the pre-opening session, Asian Paints, DLF are trading higher.
Crude Update: Oil prices edged higher on Wednesday, supported by planned cuts to Saudi exports and a reduced forecast for US crude output.
SGX Nifty: Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 18.50 points or 0.16 percent. Nifty futures were trading around 11,313.50-level on the Singaporean Exchange.
US markets end mixed: The S&P 500 and Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve's dovish stance on rate hikes, but the Dow ended down as Boeing's shares sank for a second day after one of its planes crashed in Ethiopia.
Asia trades lower: Asian share markets got off to a subdued start on Wednesday after a mixed finish on Wall Street, while a frazzled pound awaited its fate ahead of yet another make-or-break parliamentary vote on Brexit.