Nifty ends below 11,800, Sensex up 369 points; SpiceJet gains 11%


Market close: It is strong close for the benchmark indices on Tuesday with Nifty closed near to 11,800.

The Sensex was up 369.80 points at 39275.64, while Nifty was up 96.80 points at 11787.20. About 1258 shares have advanced, 1276 shares declined, and 159 shares are unchanged. 
Sensex and Nifty touched record highs of 39,364.34 and 11,810.95 respectively in today's trading session.
ICICI Bank, IndusInd Bank, Titan Company, ONGC and Adani Ports were among major gainers on the Nifty, while losers were Wipro, Cipla, GAIL, Tata Motors and Infosys.
Except PSU bank and IT, other sectoral indices are ended in green led by infra, metal, FMCG and energy.
Nifty Bank ended 1.4 percent higher at 30529.80.
Lupin receives USFDA approval: Company has received approval for its Fluoxetine Tablets USP, 10 mg and 20 mg, from the United States Food and Drug Administration (FDA) to market a generic version of Eli Lilly and Company’s (Eli Lilly) Prozac Tablets, 10 mg and 20 mg.    
Market Update: Benchmark indices continue to trade higher on Tuesday with Nifty inching towards 11,800 level.
The Sensex is up 374.24 points at 39,280.08, while Nifty is up 98.20 points at 11,788.60. About 1191 shares have advanced, 1158 shares declined, and 124 shares are unchanged. 
JSPL posts highest ever domestic steel production & sales: Jindal Steel and Power (JSPL) reported its highest ever domestic quarterly steel production and sales in Q4 FY 2018-19. The company registered a record crude steel production of 1.51 million tonnes and robust sales of 1.45 million tonnes during the quarter January– March 2019. 
The quarterly steel production saw a 23% growth during Q4 FY 2019, while the quarterly steel sales record a rise of 21% on a quarter-on-quarter basis.  
Market Update: Sensex and Nifty are at record highs. Sensex is up 350.33 points or 0.90 percent at 39,256.17, and the Nifty is up 91.00 points or 0.78 percent at 11,781.40. About 1,142 shares have advanced, 809 have shares declined, and 89 shares are unchanged.   
Market Update: Nifty50 touched a record high in today's trading as it crossed its earlier high of 11761.
At 09:58 hrs IST, the Sensex is up 285.22 points or 0.73% at 39191.06, and the Nifty up 78.30 points or 0.67% at 11768.70.
Buzzing: Shares Deepak Fertilisers and Petrochemicals Corporation gained 7 percent as company announced the commercial production of Nitric Acid complex at Dahej, Gujarat.
The new facility, with project cost of approximately Rs. 550 crore, has production capacities of 92 KTPA for Concentrated Nitric Acid (CNA) and 149 KTPA for Diluted Nitric Acid (DNA).
Market Opens: Indian indices opened higher on Tuesday with Nifty above 11,700 level.
At 09:17 hrs IST, the Sensex is up 173.03 points or 0.44% at 39078.87, and the Nifty up 51.50 points or 0.44% at 11741.90. About 546 shares have advanced, 156 shares declined, and 30 shares are unchanged. 
Dr Reddy's Lab, Vedanta, Cola India, ICICI Bank, IOC, Asian Paints, Wipro, Hero Moto, JSW Steel , Bharti Airtel, SBI are the major gainers on the indices in the morning trade, while on the other hand Infosys, Tata Motors, HUL and Tata Steel are trading lower.
All the sectoral indices are trading in green led by metal, pharma, energy, auto, infra, bank and IT.
Market at pre-open: Benchmark indices are trading higher in the pre-opening with Nifty above 11,700 level.
At 09:02 hrs IST, the Sensex is up 136.84 points or 0.35% at 39042.68, and the Nifty up 42.10 points or 0.36% at 11732.50.
Rail Vikas Nigam, Tata Motors, SpiceJet, Wipro are trading higher in the pre-opening session, while Jet Airways is trading lower.
Brokerages View: Source CNBC-TV18:
Macquarie on Reliance Industries
Maintain neutral call, target at Rs 1,290 per share
For Q4, expect EPS of Rs 16 (-8% QoQ, +1% YoY) 
Post results, expect consensus to raise FY1-2 EPS estimates
Macquarie on Dr Reddy’s Lab
Maintain neutral call, target at Rs 2,648 per share
Resolution in less than 3 months for Bachupally unit 3 ahead of expectation 
Outstanding warning letter for Srikakulam is only troublesome point
Goldman Sachs on ICICI Bank
Reiterate buy call, target at Rs 492 per share
Strong deposit franchise, lower cost of funds put company at an advantage
Expect company to deliver ROAs/ROEs of 1.8%/17% over FY20-21
Wall Street ends lower: Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm.
SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 17 points or 0.14 percent. Nifty futures were trading around 11,754-level on the Singaporean Exchange.
Asian markets trade mixed: Asian stocks hovered below a nine-month peak on Tuesday after disappointing bank earnings dented Wall Street, though recent signs the global economy is likely to avoid a sharper downturn helped limit the losses.