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CNBC-TV18 Market Highlights: Sensex ends 246 points higher, Nifty above 11,300, auto, metal, IT support indices, energy, banks cap gains

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CNBC-TV18 Market LIVE: Indian benchmark equity indices, the BSE Sensex and NSE Nifty50, ended Friday's volatile trade with gains led by metals, auto and IT shares amid firm global sentiments. Private banks and energy shares weighed on indices. The Sensex closed 246 points higher at 38127, while the Nifty settled a little over the 11,300 mark. Here are the main highlights from the stock markets today:

CNBC-TV18 Market Highlights: Sensex ends 246 points higher, Nifty above 11,300, auto, metal, IT support indices, energy, banks cap gains
  • Sensex heatmap at close: Infosys, Vedanta, Tata Motors lead gainers, Yes Bank top loser##Sensex heatmap at close: Infosys, Vedanta, Tata Motors lead gainers, Yes Bank top loser

    CNBC-TV18 Market Highlights: Sensex ends 246 points higher, Nifty above 11,300, auto, metal, IT support indices, energy, banks cap gains
  • Closing Bell: Sensex, Nifty end volatile trade with gains, metal, auto, IT shares support indices##Closing Bell: Sensex, Nifty end volatile trade with gains, metal, auto, IT shares support indices

    The BSE Sensex surged 246 points, or 0.65 percent, to settle Friday's trade at 38,127. The Nifty50 rose 70.55 points, or 0.63 percent, at 11,305. The Nifty MidCap 100 index settled marginally higher, rising 0.12 percent. The Nifty Bank also ended positive, up by 0.10 percent. IT, auto and pharma advanced among notable sectoral gainers, oil & gas, energy and media declined. Cipla, Infosys, Vedanta, Tata Motors and ONGC rose between 3 and 5 percent. Indian Oil Corp, Yes Bank, GAIL, M&M and Reliance Industries fell by up to 3.3 percent. 

  • Forbes India Rich List 2019: Mukesh Ambani tops list for 12th year in a row, Gautam Adani jumps to No. 2
    Reliance Chairman and Managing Director Mukesh Ambani has once again topped the Forbes India Rich List 2019 for the 12th year in a row, followed by Gautam Adani on the second spot in the list.
    CNBC-TV18 Market Highlights: Sensex ends 246 points higher, Nifty above 11,300, auto, metal, IT support indices, energy, banks cap gains
  • Specialty chemicals gave double-digit returns in the last 5 years: Here are the top bets from Emkay Research##Specialty chemicals gave double-digit returns in the last 5 years: Here are the top bets from Emkay Research

    One of the sectors that continued to give returns over the years is specialty chemicals business. Known to be a safe sector as its demand is expected to increase in future, it has delivered double-digit returns in the last five years. However, with the auto sector slowdown and overall economic crisis, specialty chemical stocks have also started to feel the heat. Emkay, in its recent research report said, “The automotive slowdown is likely to impact refrigerant gas, soda ash and technical textile businesses in the chemical space.” READ MORE

  • ONGC surges 3.5 percent as global crude oil prices rise##ONGC surges 3.5 percent as global crude oil prices rise

    Oil & Natural Gas Corp shares rose 3.5 percent to Rs 129.90 due to a jump in global crude oil prices. Prices of Brent Crude gained for the third straight trading session today, rising as much as 2.6 percent, triggered by news of an explosion at an Iranian tanker near Saudi Arabian port of Jeddah, increasing concern about security of the oil infrastructure in the West Asia. At 3.03 pm, shares of ONGC were up 2.7 percent at Rs 128.90, with nearly 10.7 million shares traded on the National Stock Exchange, against a daily average of 6.3 million shares. So far in 2019, shares of ONGC have declined over 14 percent.

  • Motilal Oswal lists top 5 FMCG stocks to bet on amidst industry growth woes

    The Nifty FMCG index has risen 4.5 percent in the last one month and around 11 percent in the last one year, outperforming the Nifty index.
    CNBC-TV18 Market Highlights: Sensex ends 246 points higher, Nifty above 11,300, auto, metal, IT support indices, energy, banks cap gains
  • Here’s a quick wrap-up of what has so far happened in the markets today##Here’s a quick wrap-up of what has so far happened in the markets today


     


    -Benchmark equity indices were near their day's high as positive cues from European markets coupled with firm cues from other Asian markets early today aided sentiment.

    -The gains in the benchmark indices were led by shares of index majors Infosys, Hindustan Unilever and metal companies.

    -The Nifty 50 index was up 0.49 percent at 11,290 points, while the BSE-Sensex was at 38,072 points, up 0.53 percent at 2.46 pm.

    -Shares of Cipla recovered sharply and rose over 3 percent after brokerage firm Edelweiss Securities said the observations received by the company's Goa unit may not be as serious as market is perceiving them to be.

  • Nifty50 sectoral indices update: Nifty Metal rises 2.01%##Nifty50 sectoral indices update: Nifty Metal rises 2.01%

    CNBC-TV18 Market Highlights: Sensex ends 246 points higher, Nifty above 11,300, auto, metal, IT support indices, energy, banks cap gains
  • International Energy Agency cuts oil demand growth##International Energy Agency cuts oil demand growth estimates 

    International Energy Agency sees demand for OPEC crude falling in 2020 to 29 mbpd. It also cut oil demand estimates for 2019 and 2020 by 1 and 1.2 mbpd. Saudi's crude supply fell 7.7 lakh bpd  to 9.02 mbpd, lowest since 2011. Global oil supply fell 1.5 mpbd to 99.3 mbpd after Saudi oil attacks.

  • Aurobindo Pharma's promoter creates pledge on 8 lakh shares from October 7-9##Aurobindo Pharma's promoter creates pledge on 8 lakh shares from October 7-9

  • RBL Bank tanks 14% on worries over asset quality##RBL Bank tanks 14% on worries over asset quality


    Shares of RBL Bank tanked 14 percent to a record low of Rs 248.10 due to worries that the company will have to make aggressive provisions because of slippages. On Thursday, shares of RBL Bank had closed nearly 7 percent lower due to worries over its exposure to Indiabulls Housing Finance, after the Reserve Bank of India rejected the housing finance company's planned merger with Lakshmi Vilas Bank.  RBL Bank will announce its July-September earnings on October 22, and the stock is likely to see continued selling pressure until then. At 12.24 pm, shares of RBL Bank were down 9.2 percent at Rs 262, with nearly 19 million shares traded on the NSE, against a daily average of 2.5 million shares. So far in 2019, shares of RBL Bank are down 54 percent. 

  • Titan: Rakesh Jhunjhunwala sells 49 lakh shares in July-September quarter##Titan: Rakesh Jhunjhunwala sells 49 lakh shares in July-September quarter

  • Indiabulls Ventures rises 9% as buyback at 50% premium##Indiabulls Ventures rises 9% as buyback at 50% premium

    Shares of Indiabulls Ventures recovered and rose as much as 9 percent today after the company said it would buy back shares at Rs 150 apiece, a premium of 50 percent to Thursday's closing price. The company said it would buy back 66.67 million shares for Rs 1000 crore in total through the tender offer route. So far today, 2.48 million shares of the company changed hands on the NSE, higher than six-month average daily trading volume of 1.76 million shares. Shares of the company were up 8 percent at Rs 107.40.   

  • Indiabulls Housing falls 26% in 2 days after RBI rejects merger with Lakshmi Vilas Bank##Indiabulls Housing falls 26% in 2 days after RBI rejects merger with Lakshmi Vilas Bank


    Shares of Indiabulls Housing Finance fell over 9 percent on Friday after the Reserve Bank of India (RBI) rejected their proposed merger with Lakshmi Vilas Bank. The stock has tumbled over 26 percent since the announcement yesterday. The stock of the NBFC shed as much as 9.4 percent to reach its 52-week low of Rs 176.60 per share on BSE in intraday today. At 11:45 AM, the stock was trading 7 percent lower at Rs 181.20 as compared to a 0.07 percent or 26 points rise in BSE Sensex at 37,907. READ MORE

  • Indiabulls Ventures climbs 8% after board clears share buyback##Indiabulls Ventures climbs 8% after board clears share buyback

    Indiabulls Ventures rallied 8 percent in early trade after the board approved a buyback of 6.67 crore shares at Rs 150 per share at a meeting on October 11.

    "The board approved a buyback of up to 6,66,66,666 fully paid-up equity shares having face value Rs 2 each of the company, representing 12.61 percent of its total existing fully paid-up equity at Rs 150 per share, through the tender offer route," Indiabulls Ventures said in its BSE filing.

  • Here's a quick wrap-up of what has so far happened in the markets today##Here's a quick wrap-up of what has so far happened in the markets today

    -Indian shares rose on Friday's early trade, in line with their Asian peers, after U.S. President Donald Trump said he would meet with China’s top trade negotiator, boosting investors’ risk appetite.

    -Among stocks, miner Vedanta Ltd rose 4.04 percent to top the Nifty gainers list, while steelmakers Tata Steel and JSW Steel were both up about 3% each.

    -Bandhan Bank and Gruh Finance surged 20 percent each. The two lenders are set to merge next week.

    -Tata Consultancy Services was the top loser for the day after its September-quarter profit missed estimates. The stock fell 3 percent and dragged the Nifty IT index down as much as 1.4 percent during the session.

    -TCS’ rival Infosys is set to report its quarterly earnings later in the day and jumped 4 percent intra-day.

    -Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out Rs 263.11 crore on Thursday, while domestic institutional investors bought shares worth Rs 502.67 crore, data available with stock exchange showed.

  • Infosys gains 4% intra-day ahead of Q2 results amid weakness in TCS##Infosys gains 4% intra-day ahead of Q2 results amid weakness in TCS

    nfosys shares jumped almost 4 percent intra-day, touching the day's high at Rs 813.5 per share in early trade on Friday ahead of its July-September quarter results. India's second largest IT firm is due to release its second-quarter earnings on Friday and is expected to report dollar revenue growth of around 2.8 percent. In the constant currency term, Infosys is likely to see growth of 3.5 percent aided by the acquisition. READ MORE

  • Cipla at 5-year low on worry over US FDA action on Goa facility##Cipla at 5-year low on worry over US FDA action on Goa facility


    Shares of Cipla fell as much as 7 percent to hit their five-year low of Rs 389.6 after reports suggested that the observations received by the company's Goa facility from the US Food and Drug Administration may be serious in nature. The company, on September 28, said it had received 12 observations from the US drug regulator in a Form 483 format following an inspection of the facility on September 16-27. So far, 7.2 million shares changed hands on the NSE, which was over three-times the three-month average daily volume of 2.4 million shares. 

  • TCS Q2 Earnings: Here are the key takeaways

    TCS misses the mark in Q2, $ Revenue is up 0.6% vs expectations of 1.8-1.9% growth while Constant Currency growth is down to single digits after four quarters of double-digit growth.
    CNBC-TV18 Market Highlights: Sensex ends 246 points higher, Nifty above 11,300, auto, metal, IT support indices, energy, banks cap gains
  • Indiabulls Ventures approves buyback of Rs 1,000 crore; buyback will be done via 'tender offer' route##Indiabulls Ventures approves buyback of Rs 1,000 crore; buyback will be done via 'tender offer' route

  • Infosys gains 4% ahead of Q2 results amid weakness in TCS##Infosys gains 4% ahead of Q2 results amid weakness in TCS

    Infosys shares jumped almost 4 percent intra-day, touching the day's high at Rs 813.5 in early trade on Friday. India's second largest IT firm is due to release its second-quarter earnings on Friday and is expected to report dollar revenue growth of around 2.8 percent. In the constant currency term, Infosys is likely to see growth of 3.5 percent aided by the acquisition.

  • Infosys shares up 3.5% ahead of Q2 results today##Infosys shares up 3.5% ahead of Q2 results today


    Infosys shares surged 3.51 percent on Friday, quoting at Rs 810.40 apiece ahead of its second quarter results later in the day. India's second largest IT company is expected to report dollar revenue growth of around 2.8 percent. In the constant currency term, Infosys is likely to see growth of 3.5 percent aided by the acquisition. Margins are expected to expand by about 100 bps on lower expenses related to wage hike and visa cost. For Infosys, there is a partial element of wage hike this quarter and that could push up profits by about 5.5 percent. READ MORE

  • Bandhan Bank shares surge on addition in MSCI index, Gruh Finance up 20%##Bandhan Bank shares surge on addition in MSCI index, Gruh Finance up 20%


    Bandhan Bank shares jumped over 20 percent on Friday following news that the stock will be added to the MSCI Index. The stock jumped as much as 19.99 percent to Rs 607.95 per share on the NSE in intraday trade. Gruh Finance shares jumped also jumped 19.9 percent to Rs 327.40 per share. According to a note on the MSCI, Bandhan Bank will be added to the MSCI index, effective October 16, following the bank's acquisition of Gruh Finance. “We expect the stock to be included in the index with the weight of approximately 50 basis points, which could bring flow of US$180 million,” said Motilal Oswal in a note. READ MORE

  • TCS shares fall over lower-than-expected Q2 earnings; brokerages cut TP##TCS shares fall over lower-than-expected Q2 earnings; brokerages cut TP


    Shares of Tata Consultancy Services (TCS) fell nearly 4 percent on Friday after the company's September-quarter results failed to meet Street estimates, with most brokerages cutting their price targets for the stock. TCS shares fell as much as 3.7 percent to Rs 1,929 per share on the BSE. At 9:34 AM, TCS' stock price was trading 3 percent lower at Rs 1,942, while the benchmark Sensex was up  0.7 percent or 284 points at 38,165. The IT major reported a 1.8 percent year-on-year jump in Q2 net profit at Rs 8,042 crore. Revenue grew 5.8 percent to Rs 38,977 crore in the July-September quarter. READ MORE

  • Here's a list of brokerage calls for TCS and IndusInd Bank post their Q2 results on Thursday##Here's a list of brokerage calls for TCS and IndusInd Bank post their Q2 results on Thursday

  • Opening Bell: Sensex, Nifty edge higher on positive global cues, TCS dips 3%, Bandhan Bank at 20% upper circuit##Opening Bell: Sensex, Nifty edge higher on positive global cues, TCS dips 3%, Bandhan Bank at 20% upper circuit

    The benchmark 30-share BSE Sensex gained over 280 points, or 0.74 percent, to 38,160.80 in initial trade. The broader 50-share NSE Nifty50 also gained 78 points, or 0.69 percent, to 11,312.50. Broader market indices were also positive but the Nifty MidCap 100 index lagged behind its frontline peer, rising just 0.46 percent. The banking guage Nifty Bank outperformed, rising almost 1.5 percent. Apart from bank, finance, FMCG, auto and metal advanced among sectoral gauges, while IT, pharma, teck, telecom and energy declined. Shares of Tata Consultancy Services (TCS) fell 3 percent on weak second quarter earnings. READ MORE

  • Indian rupee opens stronger at 70.83 against the US dollar##Indian rupee opens stronger at 70.83 against the US dollar

    The Indian rupee strengthened against the US dollar on Friday in line with positive sentiment in the global stock markets. The rupee opened at 70.8363 per dollar, up 23 paise from its previous close of 71.0663. At 9.05 AM, the rupee was trading at 70.8450, up 0.31 percent against the US dollar. In early trade, the rupee hit a high and a low of 70.8475 and 70.8075, respectively. READ MORE

  • TCS Q2 net profit grows 1.8% YoY to Rs 8,042 crore, misses estimates##TCS Q2 net profit grows 1.8% YoY to Rs 8,042 crore, misses estimates


    IT major Tata Consultancy Services Ltd (TCS) on Thursday reported a 1.8 percent year-on-year (YoY) jump in net profit at Rs 8,042 crore for the second quarter ended September 2019. CNBC-TV18 poll had predicted a profit of Rs 8,322 crore for the quarter under review. In the corresponding quarter last year, the company posted a net profit of Rs 7,901 crore. READ MORE

  • There was need for the govt to announce other measures to stimulate demand, says Bibek Debroy##There was need for the govt to announce other measures to stimulate demand, says Bibek Debroy

  • Top brokerage calls for October 11: Analysts cut target price for TCS, IndusInd Bank post earnings##Top brokerage calls for October 11: Analysts cut target price for TCS, IndusInd Bank post earnings

    Citi on TCS: The brokerage maintained a' sell' call on the stock with a target at Rs 1,870 per share. The firm reported a sluggish Q2 with revenue and margin coming in below estimates, the brokerage said, adding that management comments suggested limited visibility in the near term.

    Credit Suisse on TCS: The brokerage maintained a 'neutral' rating on the stock but cut its target price to Rs 1,930 per share from Rs 2,070 earlier. According to the brokerage, the company failed to recoup margin sequentially in Q2 after a wage hike in Q1. It added that the company is a high-quality franchise but not immune to an uncertain environment.

    Click or tap here for more brokerage calls for today

CNBC-TV18 Market LIVE: Indian benchmark equity indices, the BSE Sensex and NSE Nifty50, ended Friday's volatile trade with gains led by metals, auto and IT shares amid firm global sentiments. Private banks and energy shares weighed on indices. The Sensex closed 246 points higher at 38127, while the Nifty settled a little over the 11,300 mark. Here are the main highlights from the stock markets today: