Nifty ends above 11,450, Sensex gains 70 points; OMCs gain

CNBC

Market close: The last hour buying helped the market to end higher on Monday with Nifty finished above 11,450 level.

At the close, the Sensex was up 70.75 points at 38095.07, while Nifty was up 35.30 points at 11462.20. About 1132 shares have advanced, 1545 shares declined, and 173 shares are unchanged. 
HPCL, IOC, Bajaj Finance, BPCL and JSW Steel were the top gainers on the Nifty, while losers include Maruti Suzuki, Hero Motocorp, Wipro, Bharti Airtel and HCL Tech.
Among the sectors, IT and auto index remained under pressure throughout the day as they slipped 1 percent each, while some buying was seen in the metal, energy, FMCG and bank names.  
NLC India declares dividend: Board of directors of the company declared an interim dividend of 45.30 percent (Rs 4.53 per equity share) for the financial year 2018-19. 
Essar Steel case: NCLAT directs for implementation of Arcelor resolution plan. NCLAT granted conditional nod to Arcelor's Rs 42,000 crore bid for company, reported CNBC-TV18.
Transwarranty Finance approves to issue of NCDs: The debenture issue committee approved the issue and allotment of secured and unsecured redeemable non-convertible debentures (NCDs) amounting to Rs 34,00,000 on private placement basis. 
Hindustan Aeronautics declares dividend: The board of directors of the company at its meeting held on March 18 has declared first interim dividend of Rs 19.80 per equity share of Rs 10 each fully paid up (198 percent) for the financial year 2018-19. 
Rupee Update: The Indian rupee has extended its gains and trading at highest levels since August 2, 2018. It is trading higher by 54 paise at 68.55 per dollar against Friday's close 69.09.
Rupee gained around 8 percent from the record low of 74.48 per dollar.   
SBI board meet on March 22: A meeting of the central board of the bank is scheduled to be held on March 22, 2019 to consider the extension of approval accorded by Central Board for raising Equity Capital of up to Rs 20,000 crore from the market till March 31, 2020.
Market Update: Benchmark indices erased all its day's gain and trading flat with Nifty slipped below 11,450 level.
At 13:07 hrs IST, the Sensex is up 8.41 points at 38,032.73, while Nifty is up 11.30 points at 11,438.20. About 967 shares have advanced, 1455 shares declined, and 146 shares are unchanged. 
Market Update: Sensex is up 81 points or 0.21 percent at 38,105.32, and the Nifty up 24.90 points or 0.22 percent at 11,451.80. About 956 shares have advanced, 1,248 shares declined, and 135 shares are unchanged. 
Energy stocks IOC, BPCL and HPCL are the biggest index gainers at this hour. Auto stocks Maruti Suzuki and Hero Motocorp are the biggest index losers.   
Rupee Update: Indian rupee is at day's high, rising 37 paise against the dollar. It is trading at 68.72, up 0.55 pecent.    
Buzzing: The share price of Grasim Industries fell nearly 3 percent on the back of notice from the Income Tax department.
The company received an order issued by the Deputy Commissioner of Income Tax (DCIT) raising a demand of Rs 5,872.13 crore on account of dividend distribution tax (including interest).
Ashoka Buildcon gets order: The company has received Letter of Intent (Lol) from Jharkhand Bijli Vitran Nigam for the Project viz. Rural Electrification Works of Package-4 (Comprising Ranchi, Khunti, Gumla, Simdega & Lohardaga District) in Jharkhand State under Jharkhand Sampurna Bijli Achchhadan Yojana (JSBAY) Phase-II.
Mindtree to consider buyback: Shares of Mindtree gained more than 2 percent in the early trade on March 18 as company board is scheduled to consider the buyback proposal on March 20.
Market Opens: It is a positive start for the market on the first day of the truncated week with Nifty opened above 11,500 level.
The Sensex is up 288.20 points at 38312.52, while Nifty is up 75.40 points at 11502.30. About 753 shares have advanced, 248 shares declined, and 58 shares are unchanged.
Mindtree, IOC, Kotak Mahindra, Bharti Infratel, Axis Bank, Asian Paints, Power Grid, TCS, M&M are among major gainers, while losers are Maruti Suzuki, Grasim, Vedanta, NTPC and Wipro
Among the sectors, auto, metal and pharma are under pressure, while Nifty Bank gained 1 percent followed by energy, FMCG and Infra.
Rupee Opens: The Indian rupee gained in the early trade on Monday. It opened higher by 18 paise at 68.91 per dollar against Friday's close 69.09.
Market at pre-open: Benchmark indices firm in the pre-opening trading with Nifty above 11,450 level.
The Sensex is up 56.94 points at 38081.26, while Nifty is up 49.90 points at 11476.80.
Dish TV and MindTree gained in the pre-opening session, while Jet Airways and Grasim Industries fell 10 percent each.
Crude Update: Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts led by producer group OPEC and US sanctions against Iran and Venezuela.
Asian markets trade firm: Asian share markets crept ahead on Monday while bonds were in demand globally on speculation the US Federal Reserve will sound decidedly dovish at its policy meeting this week.
SGX Nifty: Trends on SGX Nifty indicate a positive start for the broader indices in India, a gain of 26.50 points or 0.23 percent. Nifty futures were trading around 11,500.50-level on the Singaporean Exchange.