Sensex ends higher, Nifty holds 11,500; PNB gains 3%


Market Close: Benchmark indices ended mixed after they remained range bound throughout Wednesday. 

The Sensex was up 23.28 points at 38386.75, while Nifty was down 11.40 points at 11521. About 1104 shares have advanced, 1532 shares declined, and 173 shares are unchanged. 
Indiabulls Housing, Hindalco Industries, Infosys, Dr Reddy’s Labs and Wipro were among major gainers, while losers include HPCL, Zee Entertainment, BPCL, NTPC and ONGC on the Nifty.
Except bank, pharma and IT all other sectoral indices are ended in red led by auto, metal, energy, FMCG and infra. 
Market Check: The benchmark indices are trading near day's high level.
The Sensex is up 104.36 points at 38467.83, while Nifty is up 6.10 points at 11538.50. About 993 shares have advanced, 1470 shares declined, and 154 shares are unchanged. 
Indiabulls Housing, Infosys, Hindalco Industries, Wipro and HDFC are the top gainers on the Nifty.  
Buzzing: Datamatics Global Services is trading 2.5 percent up after the company acquired an additional 10 percent stake in a subsidiary company. 
Buzzing: Real estate major DLF is trading up about 25 after it said it has entered into a Joint Venture (JV) with Hines that will invest Rs 1,900 crore to develop 2.9 million square feet of commercial space in Udyog Vihar, Gurugram.
Buzzing: Dilip Buildcon is down over 3 percent, prompting the BSE to ask for a clarification from the company. The exchange has sought similar clarifications from Quadrant Televentures, Pro Fin Capital Services and Amrit Corp on significant price movement. 
Crude Update: Oil prices dipped on Wednesday, retreating from a four-month high as economic growth concerns dampened the outlook for fuel consumption.
Jet Airways in focus: Lenders to the airline will look for equity infusion from a new investor to replace Etihad, reported CNBC-TV18, quoting sources. The new investor is likely to be an investment fund.
Banks may initiate talks with few investment funds that conducted due diligence on the company. Also lenders are looking at option of asking Etihad, Naresh Goyal to pledge their shares.
Market Opens: It is a flat start for the Indian indices with Nifty below 11,500 level.
The Sensex is up 9.74 points at 38373.21, while Nifty is up 0.90 points at 11533.30. About 391 shares have advanced, 235 shares declined, and 41 shares are unchanged. 
Vedanta, Infosys, L&T, TCS and Axis Bank are the top gainers on the Sensex.
Rupee Opens: The Indian rupee opened lower by 8 paise at 69.05 per dollar on Wednesday versus Tuesday's close 68.97.
Wall Street ends flat: The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve's expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing US-China trade negotiations.
SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 9.5 points or 0.08 percent. Nifty futures were trading around 11,566.50-level on the Singaporean Exchange.
Asian markets trade mixed: Asian shares got off to a cautious start on Wednesday, holding close to six-month highs on hopes the US Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year.