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Closing Bell: Sensex near 36,500, Nifty ends above 10,950 led by HDFC, ITC, Axis Bank, ICICI Bank, SBI, Asian Paints, Infosys, HDFC Bank cap gains

Closing Bell: Sensex near 36,500, Nifty ends above 10,950 led by HDFC, ITC, Axis Bank, ICICI Bank, SBI, Asian Paints, Infosys, HDFC Bank cap gains

Closing Bell: Sensex near 36,500, Nifty ends above 10,950 led by HDFC, ITC, Axis Bank, ICICI Bank, SBI, Asian Paints, Infosys, HDFC Bank cap gains
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Summary

Indian shares ended higher after a largely rangebound trade, buoyed by sustained buying in most sectors barring IT and metals. Benchmark indexes started mildly higher on Wednesday, tracking positive global cues as crude oil prices plunged. The Sensex settled near 36,500, jumping more than 135 points, while the Nifty50 ended above 10,950 mark. Broader markets outperformed frontline indexes, with the Nifty MidCap surging more than 1.25 percent. Infosys and HDFC Bank capped gains, while support came from HDFC, ITC, Axis Bank, ICICI Bank, SBI. Here are the main highlights from the stock markets today:

Live Updates

Sensex heatmap at close: Asian Paints, Axis Bank gain over 3%, Sun Pharma down 2%##Sensex heatmap at close: Asian Paints, Axis Bank gain over 3%, Sun Pharma down 2%

Closing Bell: Sensex near 36,500, Nifty ends above 10,950 led by HDFC, ITC, Axis Bank, ICICI Bank, SBI, Asian Paints, Infosys, HDFC Bank cap gains
Dec 19, 2018 3:51 PM

Closing Bell: Sensex, Nifty settle higher, Indiabulls Housing Fin gains 8%##Closing Bell: Sensex, Nifty settle higher, Indiabulls Housing Fin gains 8%

The Sensex gained 137 points, or 0.38 percent, to end at 36,484, while the Nifty settled at 10,967, rising 58 points, or 0.54 percent. Midcaps outperform frontline indexes with the Nifty MidCap settling 1.29 percent higher. The BSE MidCap also ended 1.5 percent up. Indiabulls Housing Finance, Bajaj Finserv, Axis Bank, Bharti Infratel, Asian Paints, SBI, Maruti Suzuki, Bharti Airtel, rose by up to 8.12 percent. HCL Technologies, Sun Pharma, Infosys, IndusInd Bank, Tata Consultancy Services, Vedanta, dipping by up to 2.85 percent.

Dec 19, 2018 3:49 PM

Quick Heal Technologies hits over 12%, gains 26% in last 7 days##Quick Heal Technologies hits over 12%, gains 26% in last 7 days


Shares of Quick Heal Technologies surged more than 12 percent to hit an intra-day high of Rs 235.40 on Wednesday, outperforming the sector by nearly 10 percent. The smallcap IT share has gained more than 26 percent for the last 7 days. At 2:41 pm, Quick Heal Tech shares were trading at Rs 227.20, higher by 8.22 percent on the NSE. As many as 12,79,629 shares traded on the 50-share NSE index.

Dec 19, 2018 3:19 PM

Tata Tele Mah up as NCLT OKs merger with Bharti Airtel##Tata Tele Mah up as NCLT OKs merger with Bharti Airtel


Shares of Tata Teleservices Maharashtra surged 19 percent today to hit a one-month high of Rs 4.60 after National Company Law Tribunal approved its merger with Bharti Airtel. So far today, nearly 7 million shares of the company have changed hands on the NSE, higher than the daily average of 1.9 million shares. At 2.25 am, shares of the company were 10.4 percent higher at Rs 4.25. 

Dec 19, 2018 2:37 PM

Mishra Dhatu up 6% as Rs 6 billion order finalised##Mishra Dhatu up 6% as Rs 6 billion order finalised

Shares of Mishra Dhatu Nigam were up 6 percent at a one-month high of Rs 128.15, as the company is set to sign an order worth Rs 6 billion. On NSE, 531,454 shares of the company have been traded so far, above the one-month, three-month, and six-month daily average volumes. At 2.12 pm, shares of Mishra Dhatu Nigam were up 2.32 percent at Rs 123.90. Meanwhile, the Nifty50 was trading higher by 60 points, or 0.55 percent, at 10,969, while the Sensex surged 170 points, or 0.47 percent, to 36,517.

Dec 19, 2018 2:13 PM

Piramal Enterprises up, to mull raising Rs 30 billion##Piramal Enterprises up, to mull raising Rs 30 billion


Shares of Piramal Enterprises gained nearly 6 percent ahead of the company's board meeting on Friday to consider raising up to Rs 30 billion through non-convertible debentures. The issue has a base size of Rs 10 billion and greenshoe option of Rs 20 billion. So far today, 551,231 shares of the company changed hands on NSE, three-fold of the daily average volume of 156,081 shares. At 1.16 pm, shares of the company traded up 3.84 percent at Rs 2,262.85.  

Dec 19, 2018 1:16 PM

Market trading at the high point of the day##Market trading at the high point of the day

Dec 19, 2018 12:56 PM

Crude is the biggest tailwind for Indian equities, says Saurabh Mukherjea##Crude is the biggest tailwind for Indian equities, says Saurabh Mukherjea


Crude is the biggest tailwind for Indian equity market, according to Saurabh Mukherjea, founder of Marcellus Investment Managers. US oil prices rose on Wednesday to claw back part of their more than 5 percent losses from the previous session, with worries about oversupply and a slowing global economy keeping markets under pressure.

More details here

Dec 19, 2018 12:43 PM

Reliance Naval down as Bombay high court rejects plea on vessel deal##Reliance Naval down as Bombay high court rejects plea on vessel deal


Shares of Reliance Naval and Engineering fell 6% today after Bombay High Court rejected the company's plea with respect to termination of contract for offshore vessels by Oil & Natural Gas Corp. In 2009, ONGC had awarded the contract for construction of 12 offshore vessels to Pipavav Shipyard, which was to be completed by December 2011. Pipavav Shipyard was later taken over by Reliance Naval and on request by the latter, ONGC had extended the contract completion period several times, with the last extension being up to May 31, 2018. Shares of the company were 4.6 percent lower at Rs 14.45. 

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Dec 19, 2018 12:39 PM

Market update: Sensex, Nifty sustain gains, IT shares under pressure as rupee gains##Market update: Sensex, Nifty sustain gains, IT shares under pressure as rupee gains

The 30-share BSE Sensex traded nearly 85 points higher at 36,431 at 11.55 am, while the Nifty50 was trading at 10,949, rising 40.50 points, or 0.37 percent. Broader markets outperformed frontline indices with the Nifty MidCap trading higher by 1.15 percent. The BSE MidCap jumped 1.26 percent. As many as 38 sectoral indices advanced led by BSE Realty, Nifty Realty, Nifty PSU Bank, BSE Basic Metal and Nifty FMCG. BSE Realty rose by 2.26 percent. Trading lower by 1.59 percent, Nifty IT was the weakest among 5 declining sectors. BSE IT, BSE Teck, Nifty Media and Nifty Metal were other laggards. Top index gainers included Indiabulls Housing Finance, Bajaj Finserv, Bajaj Finance, Asian Paints, UltraTech Cement, Asian Paints, Axis Bank, SBI, Maruti Suzuki and M&M, rising by up to 6.8 percent. Shares of HCL Technologies, Infosys, Tech Mahindra, Sun Pharma, Tata Consultancy Services, Vedanta and Kotak Mahindra Bank, dipped by up to 2.43 percent.

Dec 19, 2018 12:10 PM

Karnataka Bank hits 1-month high on Paisabazaar tie-up##Karnataka Bank hits 1-month high on Paisabazaar tie-up

Shares of Karnataka Bank rose 2 percent to a one-month high of Rs 112 after the company announced a strategic partnership with Paisabazaar.com for financial products. Through this partnership, consumers will be able to choose and apply for a home loan from Karnataka Bank directly through the Paisabazaar platform. At 11.43 am, Karnataka Bank shares were up 0.86 percent at Rs 111.10. So far in 2018, the stock has fallen 27 percent. Meanwhile, the Nifty traded at 10,948, up by nearly 40 points, or 0.36 percent. The Sensex was higher by 95 points, or 0.26 percent, to 36,442.

Dec 19, 2018 11:44 AM

MIRC Electronics up on buzz Rakesh Jhunjhunwala may buy stake##MIRC Electronics up on buzz Rakesh Jhunjhunwala may buy stake


Shares of MIRC Electronics surged 13 percent to a three-month high of Rs 31.45 on buzz that marquee investor Rakesh Jhunjhunwala may acquire stake in the company. The stock rose 20 percent on Tuesday after Jhunjhunwala attended the company's investor meet, which led to speculation of buy stake. So far today, 2.05 million shares of the company have changed hands on NSE, against the daily average of 499,644 shares. At 11.12 am, shares of the company were up 4.32 percent at Rs 29.

Dec 19, 2018 11:18 AM

IOC, BPCL, HPCL up 1% each as crude oil prices fall 7%##IOC, BPCL, HPCL up 1% each as crude oil prices fall 7%

Shares of state-owned oil refiners extended their gains from the previous session as global crude oil prices fell 7 percent to their 14-month lows on Tuesday.

Dec 19, 2018 10:48 AM

J Kumar Infraprojects soars 11% on order win from NHAI, Sensex, Nifty edge higher##J Kumar Infraprojects soars 11% on order win from NHAI, Sensex, Nifty edge higher


Shares of J. Kumar Infraprojects surged over 11 percent to hit their one-month high of Rs 152.10 after the company said it has received an engineering, procurement and construction order worth Rs 13.49 billion in Delhi from the National Highways Authority of India. The project is for construction of the Dwarka Expressway from the Shiv Murti intersection of National Highway-8 till the railway underbridge near Dwarka Sector-21. So far today, nearly 1 million shares of the company have changed hands on NSE, much higher than its six-month daily average of 130,656 shares. Meanwhile, benchmark indexes extended gains. The Sensex traded at 36,474, higher by 127 points, or 0.35 percent at 10.16 am, while the Nifty was trading at 10,956, up by 47 points, or 0.44 percent.

Dec 19, 2018 10:20 AM

Commercial Engineers hits 5% upper cap on railway order##Commercial Engineers hits 5% upper cap on railway order

Shares of Commercial Engineers & Body Builders Co. hit their 5% upper circuit at 24.85 rupees, which is also their 52-week high, after the company said it has received a contract worth Rs 1.52 billion from the railway ministry. The company has received the order to supply wagons to carry coal, steel, and stones, among others. So far in 2018, the stock has gained as much as 29%. (Cogencis)

Dec 19, 2018 9:55 AM

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