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Closing Bell: Market ends with minor gain; Eicher Motors, Hindalco among the top gainers


This blog will keep you updated with the latest trends in the market.

Closing Bell: Market ends with minor gain; Eicher Motors, Hindalco among the top gainers
  • Market ends with minor gain; Eicher Motors, Hindalco among the top gainers. ## Market ends with minor gain; Eicher Motors, Hindalco among the top gainers.

    Indian market closed marginally higher amidst volatility with Sensex & Nifty posting gains for 7th day in a row. Nifty failed to hold on to 10,500, closed with minor gains of 22 points at 10,481. Sensex advanced 92 points to closes at 34,193. In broader markets, Nifty bank underperformed, closed flat at 25,201. Nifty Midcap Index wrapped the trade with a gain of 105 points at 19,676. IT sector helped Nifty hold on to gains ahead of earnings while FMCG & Capital Goods dragged.

    Amongst large cap stocks, Reliance, Infosys & Kotak Mahindra Bank contributed the most to upside while Maruti, Axis Bank & BPCL dragged. From the space of midcaps, TVS Motors, JSPL & Indian Hotels were the noteworthy gaining contributors. Volatility in market could be gauged by market breadth as declines overtook advances by the close of the trade. NSE Advance-Decline ratio at 1:1 against the opening of 2:1. It means, NSE closed with 1 stock advancing against one stock declining.

    From the space of derivatives, Nifty 10,700 Call added a little over 14 lakh shares in the open interest with premium slipping to 16.70 from 17.50. Nifty 10,500 Put added 13 lakh shares in open interest with premium slipping to 94 from yesterday’s level of 121. Nifty April Futures premium improved to 15 points against Thursday’s level of 6.35.

    On global front, Asian stocks too closed largely with gains as trade & geopolitical worries ebb. Nikkei 225 rose 0.55% to close at 21,779. South Korea's Kospi edged up by 0.51% to 2,455. Shanghai Composite closed 0.6% lower

  • Tata Steel Q4 India production at 3.07.

  • Market recovers from lows.

  • Market off the day's high. ## Market off the day's high.

    The market is off the day's high with the Nifty trading below 10,500 levels. Infosys gains ahead of Q4 earnings. TCS is the biggest gainer in the Nifty 50 stocks. The Nifty IT index is up 1.5%.

  • Nitin Gadkari talks about the need for cleaner fuel.

  • Unsure about Fortis restructuring, says Sunil Munjal.

  • Binani Ind withdraws the application from Supreme Court.

  • Benchmark indices continue to go up. ## Benchmark indices continue to go up.

    The market continued to go higher with the Sensex rising 188 points at 34285.28 and the Nifty gaining 48 points at 10508.45.

  • Key observations of Supreme Court on Binani Cement case.

  • Dalmiya Bharat lawyer terms resolution as professional.

  • Reliance Infra bags Mumbai Metro order.

  •  Supreme Court refuses to allow out of court settlement. ## Supreme Court refuses to allow out of court settlement.

    In a major blow to Binani Cements, the Supreme Court has refused to allow the company to withdraw plea seeking out of court settlement.Credit exposure with various lending banks will be massive and multiple non-performing assets (NPAs) will be created, Binani Industries said in a statement issued on Monday.

    "The total amount due to operational creditor has been wrongly verified by the Resolution Professionals (RP) as Rs. 503.37 crore of which Dalmia's offer to pay 151 crore is unfair and arbitrary and not in line with the basic values of IBC Code," Hitesh Bindal, aggrieved operational creditor of Binani operational creditors’ forum (BOCF) said in a statement.

  • Infosys up ahead of earnings.

  • Premier Explosives ties up with Nexter.

  • Output of most commodities to double in the next 1 year, says Anil Agarwal. ## Output of most commodities to double in the next 1 year, says Anil Agarwal.

    Anil Agarwal, Chairman of Vedanta, expects output of most commodities to double in the next one year. He plans to invest Rs 50,000 crore to increase capacities in the next three years. He also believes the bid for Essar Steel to be in the range of Rs 35,000 crore to  Rs 40,000 crore.

    "Overseas Investors expects another five year term for Narendra Modi government," says Anil Agarwal.

  • SAIL sees a sharp surge in trade.

  • NBCC bags order worth Rs 300 crore in Odisha.

  • Revenue growth of 20% is expected in FY19, says Om Metals Infra.

  • Ashok Leyland bags order from Defence Ministry.

  • Watch out for top Pharma stocks.

  • Benchmark indices continues to trade higher. ## Benchmark indices continues to trade higher.

    The market continues to go up with BSE Sensex at 34260 points and NSE Nifty at 10500 points following positive lead from Wall Street and macro data. Nifty Midcap Index goes up by half a percent.

  • IDBI Federal Life deal to conclude by Q2FY19, says IDBI Bank. ## IDBI Federal Life deal to conclude by Q2FY19, says IDBI Bank.

    IDBI Bank said that the process of divestment of stake in IDBI Federal Life is underway. It will be able to raise Rs 3,500 crore to 4,000 crore through the sale of non-core assets in FY19. It also hopes to conclude IDBI Federal Life deal by Q2FY19.

  • Here are the buzzing stocks to watch out for.

  • Tata Power & Tata Motors should do better, says N Chandrasekaran.

  • Sun Pharma down by 0.56%.

  • The market opens higher as trade tensions ease. ## The market opens higher as trade tensions ease.

    Benchmark indices open higher with BSE Sensex gaining by more than 100 points and NSE Nifty up by more than 40 points. Vedanta, Hindalco are among the top index gainers. Globally US stocks climbed as the US President Donald Trump suggested that a military strike may not be imminent. Asian shares also traded higher.

  • Markets pre-open.

    The benchmark indices have opened higher with BSE Sensex up by 100 points and NSE Nifty by 40 points. HCL Tech, Fortis, Kwality are among the top stocks today.

  • Rupee opens at 65.30 as against the dollar.

  • N. Chandrasekaran, Chairman, Tata Sons discusses the future ahead for India.

  • Reliance Ind executes agreement acquire 72.7% in Embibe.