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Closing Bell: Sensex rises 130 points, Nifty above 10,800 led by ICICI Bank, SBI, Axis Bank, but HDFC twins, Kotak Bank, HUL cap gains

Closing Bell: Sensex rises 130 points, Nifty above 10,800 led by ICICI Bank, SBI, Axis Bank, but HDFC twins, Kotak Bank, HUL cap gains

Closing Bell: Sensex rises 130 points, Nifty above 10,800 led by ICICI Bank, SBI, Axis Bank, but HDFC twins, Kotak Bank, HUL cap gains
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Indian shares ended higher after a largely choppy first session tracking weak Asian cues on Tuesday. The Sensex ended below 36,000, rising 130 points, while the Nifty settled above 10,800, up by 30 points. While HDFC twins, Kotak Bank and Hindustan Unilever capped gains, ICICI Bank, SBI, Axis Bank, ITC and Sun Pharma led the charge for the bulls. Broader markets under-performed with the Nifty MidCap ending marginally low in the red. Here are the main highlights from the stock markets today:

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Sensex heatmap at close: Sun Pharma, ICICI Bank top gainers, Kotak Bank, NTPC top losers##Sensex heatmap at close: Sun Pharma, ICICI Bank top gainers, Kotak Bank, NTPC top losers

Closing Bell: Sensex rises 130 points, Nifty above 10,800 led by ICICI Bank, SBI, Axis Bank, but HDFC twins, Kotak Bank, HUL cap gains
Jan 8, 2019 3:46 PM

Closing Bell: Sensex, Nifty end higher led by financials, midcaps underperform##Closing Bell: Sensex, Nifty end higher led by financials, midcaps underperform


The Sensex ended 130 points higher, or 0.36 percent, at 35,980.93, while the Nifty settled at 10,802, up by 30.35 points, or 0.28 percent. Broader markets underperformed with the Nifty MidCap slipping by 0.13 percent. The BSE MidCap dipped 0.16 percent.  Among index gainers, Sun Pharma surged 4 percent, ICICI Bank up by 3.4 percent, SBI, 3 percent, Yes Bank 2.8 percent, Tata Motors 2.6 percent. ZEEL shares sank 2.44 percent, UPL 1.51 percent, Kotak Mahindra Bank 1.42 percent, NTPC and BPCL over a percent. Hindustan Unilever, HDFC and Bajaj Finance slipped between 0.73 percent and 0.81 percent.

Jan 8, 2019 3:45 PM

Bharat Dynamics jumps 15% on Rs 760 crore order win##Bharat Dynamics jumps 15% on Rs 760 crore order win

Shares of Bharat Dynamics recovered and gained as much as 15 percent to hit a one-month high of Rs 320.10 after the company bagged orders worth Rs 760 crore from the Indian Army. The order is for production and supply of anti-tank guided missiles and launchers. At 3.22 pm, shares of the company were up 4.9 percent higher at Rs 292.25. 

Jan 8, 2019 3:34 PM

Nifty PSU Bank index hits 3-month high as SBI surges##Nifty PSU Bank index hits 3-month high as SBI surges
 


The Nifty PSU Bank index surged 2.6 percent to hit an over three-month high of 3191.65 points, aided by shares of State Bank of India that also hit their three-month high of Rs 305.30. Shares of Canara Bank and Syndicate Bank hit their respective three-month highs, while Oriental Bank of Commerce hit an eight-month high, and few more state-owned bank shares are seen hitting monthly highs. 

Jan 8, 2019 3:16 PM

Asian shares end mixed ahead of US-China trade talk outcome##Asian shares end mixed ahead of US-China trade talk outcome


Key Asian indices ended mixed ahead of the outcome of the two-day meeting between the US and China on trade disputes. US Commerce Secretary Wilbur Ross stated that Beijing and Washington could reach a "reasonable settlement". Shares of Nissan recovered and gained 0.2 percent as the automaker's former chairman Carlos Ghosn denied wrongdoing in his first public appearance in seven weeks at a Tokyo court following his arrest on account of alleged financial misconduct. South Korea's Kospi was a major loser, down 0.5 percent, while Japan's Nikkei 225, up 0.8 percent, was among the major gainers.

Jan 8, 2019 2:53 PM

Eicher snaps 4-day losing streak on value buying##Eicher snaps 4-day losing streak on value buying

Shares of Eicher Motors snapped a four-day long losing streak as value investors are buying the stock following a sharp correction in recent sessions. The stock tanked 14% in the previous four sessions and hit a four-year low along the way as investors were concerned over demand for its flagship motorcycle brand Royal Enfield. However, with valuations of the company having corrected heavily in the past few weeks, some investors are looking to add the portfolio on hope that the company will soon be able to mend its business strategy. Shares of the company, at 2:15 PM, were trading with 3.08 percent gain in the NSE. (Cogencis)

Jan 8, 2019 2:17 PM

Zydus Cadila receives final approval from USFDA, Sensex, Nifty edge up##Zydus Cadila receives final approval from USFDA, Sensex, Nifty edge up

Zydus Cadila has received the final approval from the USFDA to market Aripiprazole Tablets USP (US RLD-Abilify) in the strengths of2 mg, 5 mg, 10 mg, 15 mg, 20 mg, and 30 mg. Shares of Cadila Healthcare ltd traded marginally higher by 0.40 percent at Rs 350.30. Meanwhile, the benchmark Nifty traded higher by 15.60 points, or 0.14 percent, at 10,787.40 at 1.56 pm. The Sensex  is up by 55.55 points, or 0.15 percent, to trade at 35,905.71.

Jan 8, 2019 1:56 PM

Tata Elxsi Q3 net profit falls around 20% quarter-on-quarter##Tata Elxsi Q3 net profit falls around 20% quarter-on-quarter

Jan 8, 2019 1:03 PM

Monsanto surges 13% as Supreme Court clears GM cotton seed patent##Monsanto surges 13% as Supreme Court clears GM cotton seed patent


Shares of Monsanto India rallied 13.4 percent to a three-month high of Rs 2,917 as the company won a legal battle in the Supreme Court for a patent on genetically modified cotton seeds. The apex court reversed the Delhi High Court's ruling that the company could not enforce the patent for its Bt cotton seeds in India. The US-based agricultural business giant was acquired by Bayer AG last year and is the world's biggest fibre producer. So far, 65,225 shares of the company have been traded on the NSE, eight times the six-month daily average volume of 7,786 shares. At 12.56 pm, shares of Monsanto were up 3.82 percent at Rs 2,670.

Jan 8, 2019 12:57 PM

Market update: Sensex, Nifty trade flat, HDFC twins, Kotak Bank, HUL drag##Market update: Sensex, Nifty trade flat, HDFC twins, Kotak Bank, HUL drag

The Sensex traded flat at 35,832, marginally down by over 17 points, or 0.05 percent at 12.10 pm, while the Nifty tested 10,750 range, trading lower by more than 12 points, or 0.12 percent, at 10,759. Broader markets indices too were tepid with the Nifty MidCap dipping by 0.24 percent, while the BSE MidCap slipped by 0.26 percent. Only 12 sectors advanced led by Nifty Pharma, which rose 1.13 percent, while Nifty Media, BSE Capital Goods, BSE Oil & Gas, Nifty Energy were among the weakest of 31 declining sectors. Among index gainers, Eicher Motors, Sun Pharma, Tata Motors, ICICI Bank, Indiabulls Housing Finance, Yes Bank and Bharti Airtel shares gained between 1.31 percent and 3.37 percent. Among index losers, shares of UPL, Adani Ports, Zee Entertainment, Kotak Mahindra, Power Grid, Hindustan Unilever, HDFC Bank and M&M, declined between 0.63 percent and 1.59 percent. Asian markets trade largely lower except Japan's Nikkei which surged 0.82 percent at 12.25 pm IST. Hong Kong's Hang Seng was mildly lower, while Kospi declined 0.58 percent.

Jan 8, 2019 12:31 PM

Kaveri Seed sinks as Monsanto wins patent case in Supreme Court##Kaveri Seed sinks as Monsanto wins patent case in Supreme Court


Shares of Kaveri Seed Co sank nearly 4 percent after the Supreme Court of India quashed the order of Delhi High Court and cleared the company's patent for genetically modified cotton seed. The move will have an adverse impact on Kaveri Seed as Monsanto's genetically modified cotton seed are a direct rival to Kaveri Seed's products. In April, the Delhi High Court had held that Monsanto's patent on Bolgard II, held through its Indian arm Mahyco-Monsanto Biotech, would not be enforceable in India. So far, 641,032 shares of the company changed hands on the National Stock Exchange, which was slightly higher than the three-month average daily volume of 498,812 shares. At 11.53 am, shares of Kaveri Seed traded down 1.7 percent at Rs 536.80.

Jan 8, 2019 12:00 PM

Insecticides India up on product patent for 20 years##Insecticides India up on product patent for 20 years

Shares of Insecticides India rose as much as 3 percent, as the company received a patent from the government for an insecticidal combination of Diafenthiuron and Acetamiprid in wettable powder form, for 20 years effective from July 23, 2013. Diafenthiuron and Acetamiprid are insecticides used to prevent and kill pests in plants and crops. It has also become common in household pest control to combat bed bugs. At 11.40 am, shares of the company were 2.38 percent higher at Rs 575.95. So far, in the last 90 days, the stock has gained 37.6 percent.

Jan 8, 2019 11:39 AM

Tata Motors extends gains as JLR UK December sales up 7% YoY##Tata Motors extends gains as JLR UK December sales up 7% YoY

Shares of Tata Motors extended gains and traded 3 percent higher as arm Jaguar Land Rover reported a nearly 7 percent year-on-year rise in sales in the UK for December. JLR's UK December sales stood at 6,625 units as against 6,195 units in December 2017. Sales of Jaguar in December were at 2,304 units in UK as compared to 2,099 units a year ago. Shares of the company traded 2.25 percent higher at Rs 179.30. 

Jan 8, 2019 11:05 AM

Supreme Court sets aside CVC order relieving CBI Director, Alok Verma of active duty##Supreme Court sets aside CVC order relieving CBI Director, Alok Verma of active duty

Jan 8, 2019 10:48 AM

Aurobindo Pharma, Sun Pharma gain##Aurobindo Pharma, Sun Pharma gain

Share price of Aurobindo Pharma and Sun Pharmaceutical Industries gained more than 2 percent intraday Tuesday after brokerage house CLSA has upgraded Aurobindo Pharma to outperform, while maintained buy on Sun Pharma.

Jan 8, 2019 10:43 AM

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