Sensex gains 177 points; Tata Steel jumps 3%

05 Apr 2019

Market Close: Benchmark indices ended near day's high level on Friday with Nifty ended above 11,650 level.

At the end the Sensex was up 177.51 points at 38862.23, while Nifty was up 68 points at 11666. About 1500 shares have advanced, 1049 shares declined, and 165 shares are unchanged.

Tata Steel, UltraTech Cement, Eicher Motors, Bajaj Finance and Vedanta were among major gainers on the Nifty, while losers were Power Grid Corp, Britannia Industries, SBI, Zee Entertainment and Hero Motocorp

On the sectoral front, FMCG and PSU bank witnessed some selling pressure, while IT, metal, infra, energy and auto ended higher.

Buzzing: Adhunik Metaliks gained 5 percent after lenders of the company issued shares and debentures worth Rs 40 crore to UK-based company Liberty House.

Buzzing: Shares of JSW Steel rallied more than 2 percent following reports that the company is set to raise USD 500 million by selling dollar bonds, effectively ending the year-long wait for securing debt funds overseas.

Buzzing: Shares of ABB India gained more than 3 percent intraday on April 5 after the automation company introduced low-voltage digital switchgear condition monitoring.

TCS bags order: TCS BaNCS for Custody has been selected by Chinatrust Commercial Bank (CBC) Taiwan to transform operations and enhance customer experience.

Jyothy Labs Jumps 5%

FMCG company Jyothy Laboratories shares gained 5.5 percent in morning on April 5 after global brokerage firm Macquarie has initiated coverage on the stock with an outperform rating.

The brokerage set target price for stock at Rs 250 per share, implying 36 percent potential upside from current levels.

Macquarie said it likes company's diverse product portfolio with a presence in mainstay categories.

Gold Update: Gold was little changed on Friday, having slid to its lowest level in 10-weeks in the previous session as the dollar strengthened ahead of the US nonfarm payrolls data due later in the day.

Buzzing: Shares of pharma major Cipla rose 2 percent in the early trade on Friday after it received establishment inspection report (EIR) from USFDA.

Crude Update: Oil prices fell on Friday, with Brent slipping away from the USD 70 mark after briefly rising above that level in the previous session, as traders fretted about progress in US-China talks to end a trade war.

Market Opens: Indian indices opened higher on Friday with Nifty trading above 11,600 level.

At 09:17 hrs IST, the Sensex is up 112.68 points at 38797.40, while Nifty is up 36.90 points at 11634.90. About 544 shares have advanced, 199 shares declined, and 43 shares are unchanged.

Yes Bank, Cipla, Titan, IndusInd Bank, M&M, Hero Moto, Vedanta, Zee Entertainment, Sun Pharma, IOC, are among major gainers, losers are Adani Ports, Britannia, Cola India, Bharti Airtel.

All the sectoral indices are trading in green led by metal, IT, auto and bank.

Rupee Opens: The Indian rupee opened higher by 9 paise at 69.07 per dollar on Friday against previous close 69.16.

Market at pre-open: Benchmark indices are trading higher in the pre-opening with Nifty around 11,650 level.

At 09:05 hrs IST, the Sensex is up 187.28 points or 0.48% at 38872.00, and the Nifty up 51.70 points or 0.45% at 11649.70.

Titan Company, Vedanta are among major gainers in the pre-opening session.

Wall Street ends higher: The benchmark S&P 500 stock index edged higher, nearing a six-month high on Thursday, with losses in technology stocks countered by gains in Boeing Co and Facebook Inc as investors waited for more clarity on the US-China trade talks.

SGX Nifty: Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 12.50 points or 0.11 percent. Nifty futures were trading around 11,697.50-level on the Singaporean Exchange.

Asia trade mixed: Asian share markets consolidated weekly gains on Friday as Sino-US talks dragged on with no concrete conclusions, while caution ahead of US payrolls and a holiday in China and Hong Kong dampened volatility.

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