Nifty ends above 11,650, Sensex gains 238 points; Asian Paints slips 3%

CNBC

Market Close: Benchmark indices ended higher on Tuesday with Nifty above 11,650 level supported by auto and banking stocks.

At close, the Sensex was up 238.69 points at 38939.22, while Nifty was up 67.50 points at 11,672. About 1152 shares have advanced, 1370 shares declined, and 148 shares are unchanged. 
Yes Bank, Wipro, Tata Motors, ICICI Bank and Bajaj Auto were the top gainers on the Nifty, while losers include Indiabulls Housing, Asian Paints, Infosys, Bharti Airtel and Titan.
Except infra all other sectoral indices ended in green led by PSU Bank, metal, auto, pharma, energy, IT and FMCG.
GSFC plant shutdown: The annual shutdown of Ammonia - IV plant of Baroda Unit will start from April 13, 2019 for a period of 50 days i.e. till June 1, 2019. Due to this, Urea-II plant will also undergo shutdown due to non-availability of C02 gas which is by product of Ammonia-IV plant. Few other connected plants like Caprolactam-I, AS-II and SA-II will also be stopped for planned maintenance. 
Buzzing: Firstsource Solutions gained more than 4 percent after billionaire investor Rakesh Jhunjhunwala increased his stake in the company from 2.89 percent to 3.26 percent.
Buzzing: Shares of Voltas gained over 1 percent after company entered in to distribution agreement with a Japanese textile machines manufacturer.
Gold Update: Gold inched higher on Tuesday, trading just below a more than one-week peak hit in the previous session, as Asian equities eased and the dollar weakened following somber US economic data.
Market Opens: Indian indices are trading flat with negative bias with Nifty opened below 11,600 level.
At 09:17 hrs IST, the Sensex is down 78.46 points at 38,622.07, while Nifty is down 25.50 points at 11579. About 346 shares have advanced, 341 shares declined, and 28 shares are unchanged. 
Bharti Airtel, Zee Entertainment, HCL Tech, Wipro, HUL, Britannia Industries are trading with marginal gains, while lowers are Dhanlaxmi Bank, Asian Paints, BPCL, Sun Pharma, Gail, Kotak Mahindra Bank, Tata Motors HCPL and IOC.
Among sectors, auto, bank, energy and pharma are witnessing some selling pressure, while buying seen in the metal and FMCG stocks.
Rupee Opens: The Indian rupee opened marginally higher at 69.59 per dollar on Tuesday versus previous close 69.67.
Market at pre-open: Benchmark indices are trading flat in the pre-opening session. 
At 09:02 hrs IST, the Sensex is up 44.78 points at 38745.31, while Nifty is up 3 points at 11607.50
Crude Update: Oil prices on Tuesday reached their highest since November as concerns over exports from war-torn Libya stoked tightness in the market, with global supply already hit by OPEC-led production cuts and US sanctions on Iran and Venezuela.
US markets end mixed: The S&P 500 and the Nasdaq edged into positive territory on Monday, with gains held in check by falling industrials as investors braced for what analysts now expect to be the first quarter of contracting earnings since 2016.
SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 2 points or 0.02 percent. Nifty futures were trading around 11,685-level on the Singaporean Exchange.
Asian market trade mixed: Asian shares got off to a subdued start on Tuesday as investors braced for key events later in the week, including the kick-off of the US earnings season and a crucial Brexit summit, while broader concerns over slowing global growth checked sentiment.