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Closing Bell: Sensex, Nifty end with modest gains ahead of Union budget, Yes Bank dips 3.5%, Titan down 2.6%, UPL up 7.6%

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Closing Bell: Sensex, Nifty end with modest gains ahead of Union budget, Yes Bank dips 3.5%, Titan down 2.6%, UPL up 7.6%

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Indian benchmark indices, BSE Sensex and NSE Nifty50, ended Thursday’s trade with modest gains amid largely positive global cues. Trade sentiment remained cautious a day ahead of the Union budget and on the day of the presentation of the Economic Survey in Parliament. Here are the main highlights and developments from the stock markets today:

Closing Bell: Sensex, Nifty end with modest gains ahead of Union budget, Yes Bank dips 3.5%, Titan down 2.6%, UPL up 7.6%
  • Sensex heatmap at close: Bharti Airtel, Tata Motors top gainers, Yes Bank falls 3.5%##Sensex heatmap at close: Bharti Airtel, Tata Motors top gainers, Yes Bank falls 3.5%

    Closing Bell: Sensex, Nifty end with modest gains ahead of Union budget, Yes Bank dips 3.5%, Titan down 2.6%, UPL up 7.6%
  • Closing Bell: Sensex, Nifty end with mild gains ahead of Union budget##Closing Bell: Sensex, Nifty end with mild gains ahead of Union budget


    Benchmark indices ended with marginal gains in a volatile trade on Thursday ahead of Union Budget to be presented on July 5. The Sensex settled 68.81 points up at 39,908.06, higher by just 0.17 percent, while Nifty was up 21.20 points at 11,938, rising 0.25 percent. Broader markets ended lower with the Nifty MidCap down mildly by 0.03 percent. Among sectors, except metal and pharma all other indices ended higher led by the PSU bank, auto, FMCG, energy, IT, and infra. UPL, Bharti Airtel, UltraTech Cement, Britannia Industries and Tata Motors were among major gainers on the Nifty, while losers were Yes Bank, Tata Steel, Titan Company, Zee Entertainment and JSW Steel. 

  • Key Asian indices end mixed on US Fed rate cut hope##Key Asian indices end mixed on US Fed rate cut hope


    Asian indices ended on a mixed note as hope of an interest rate cut from the US Federal Reserve partially offset concern over whether the US and China would reach a durable trade deal. Investors also remained on the sidelines ahead of the US Independence Day holiday today. South Korea's Kospi ended higher by 0.61 percent, Japan's Nikkei 0.3 percent and Hong Kong's Hang Seng dipped 0.21 percent. 

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


    -Benchmark indices edge up with the Nifty is trading around 11,950. The economic survey, prepared by chief economic adviser Krishnamurthy Subramanian, which was tabled in the Parliament by finance minister Nirmala Sitharaman today, has predicted 7 percent GDP growth in the financial year 2020.

    -Broader markets have also erased gains with the Nifty MidCap trading marginally lower.

    - BSE Consumer Durables, Metal, Nifty Pharma are among the worst performing sectors, while BSE Telecom trades higher by over 2 percent. Nifty PSU Banks also doing well on hopes of recapitalisation in the Union budget.

    -IndiaMART InterMesh has made a strong entry to the exchanges on Thursday, listing at a 23 percent premium to its issue price.

    -Shares of Titan Company declined over a 1 percent in early trade on July 4 after foreign brokerage house Morgan Stanley downgraded the stock to the equal-weight from overweight.

  • Budget 2019: Govt likely to stick to 3.4 percent fiscal deficit target, says Motilal Oswal##Budget 2019: Govt likely to stick to 3.4 percent fiscal deficit target, says Motilal Oswal

    Manish Sonthalia, head equities- PMS at Motilal Oswal Asset Management Company, spoke to CNBC-TV18 about market fundamentals and shared budget expectations. On the Union Budget, he said, "If there was some help coming in for agri space then that would translate into consumption. Addressing rural distress is more important now that we may be looking at the monsoon deficit situation, so any kind of support would relieve the pain for the rural sector." READ MORE

  • Nifty could rise 12-15% over the medium term, says Sampath Reddy of Bajaj Allianz Life Insurance##Nifty could rise 12-15% over the medium term, says Sampath Reddy of Bajaj Allianz Life Insurance

    Sampath Reddy, chief investment officer of Bajaj Allianz Life Insurance expects corporate earnings growth to pick up going forward, and Nifty to deliver 12-15 percent returns in the medium term. Here are edited excerpts of a telephonic interview with Reddy

  • Quess Corp slumps 12% to hit over 2-year low##Quess Corp slumps 12% to hit over 2-year low

    Shares of Quess Corp slumped nearly 12 percent, hitting over two-year low of Rs 460.80. The stock has lost 16 percent in the last six months. So far today, 1.1 million shares of the company have changed hands on the National Stock Exchange, more than five times the daily average volume of 198,446 shares.

  • UPL up 6% as sentiment improves with monsoon progress##UPL up 6% as sentiment improves with monsoon progress

    Shares of agrochemicals maker UPL Ltd surged nearly 6 percent to a high of Rs 690 with investors' sentiment for the company improving due to the progress of monsoon rains.  So far in 2019, shares of UPL have gained nearly 36 percent.

  • SBI hits lifetime high, gains 9% in 11 sessions on recapitalisation hopes##SBI hits lifetime high, gains 9% in 11 sessions on recapitalisation hopes

    State Bank of India shares hit their lifetime high of Rs 370.90 on Tuesday, riding on the bank’s recent uptrend amid hopes of recapitalisation of public sector banks in the Union budget. The stock has gained 9 percent in the past 11 sessions and closed on a higher note in 10 of those sessions. Shares of the public sector bank outperformed the Nifty 50 index in the past 30 days as it rose 4.7 percent during the period while the 50-stock index fell 0.6 percent. 

  • Economic Survey 2019 LIVE: GDP growth likely at 7% in FY20, fiscal deficit at 5.8% in FY19
    Economic Survey 2019 Live Updates: Ahead of Modi government's maiden Budget in the second term, an economic survey projecting the state of health of the country's economy and outlining the challenges will be tabled in Parliament at 12 noon on Thursday.
    Closing Bell: Sensex, Nifty end with modest gains ahead of Union budget, Yes Bank dips 3.5%, Titan down 2.6%, UPL up 7.6%
  • Kolte Patil Developers surges as realty firm signs 3 new projects in Pune##Kolte Patil Developers surges as realty firm signs 3 new projects in Pune

    Shares of Kolte-Patil Developers traded 5.7 percent higher at Rs 231.70 on NSE at 12.20 pm. The gains as the realty firm disclosed in an exchange filing that it has signed three new projects in Pune under the development management model. The projects are located at Wagholi, Kiwale and Ravet in Pune with a saleable potential of 1.2 million square feet, comprising over 1,250 units to be developed. 

  • Economic Survey 2019: GDP growth predicted at 7% for FY20##Economic Survey 2019: GDP growth predicted at 7% for FY20


    The economic survey, prepared by chief economic adviser Krishnamurthy Subramanian, which was tabled in the Parliament by finance minister Nirmala Sitharaman today, has predicted 7 percent GDP growth in the financial year 2020. The economic survey report mentioned stable macroeconomic conditions as the reason behind the higher growth forecast for this fiscal. Huge political mandate augurs well for growth prospects, it noted. READ MORE

  • Nifty PSU Bank surges as recapitalisation hopes rise##Nifty PSU Bank surges as recapitalisation hopes rise

    Closing Bell: Sensex, Nifty end with modest gains ahead of Union budget, Yes Bank dips 3.5%, Titan down 2.6%, UPL up 7.6%
  • Axis Bank gains after CLSA maintains buy rating##Axis Bank gains after CLSA maintains buy rating

    Axis Bank shares gained nearly a percent intraday on July 4 after CLSA maintained buy call on the stock saying profit was expected to turn around in FY20. The research house raised price target to Rs 1,000 from Rs 890 earlier, implying 24 percent potential upside. It sees an earnings recovery in FY20 as credit costs normalise. Axis Bank shares have rallied almost 60 percent in last one year. 

  • Another hope-rally in midcaps but how different is this?

    Get latest Market online at cnbctv18.com
    Closing Bell: Sensex, Nifty end with modest gains ahead of Union budget, Yes Bank dips 3.5%, Titan down 2.6%, UPL up 7.6%
  • Tata Steel falls 2.5% as stock trades ex-dividend##Tata Steel falls 2.5% as stock trades ex-dividend

    Shares of Tata Steel fell 2.5 percent as the stock traded ex-dividend. The company will pay dividend of Rs 13 per share.  This is the highest quantum of dividend payout by the company in 12 years, according to Cogenics. The stock has snapped a three-day rising streak, during which it had gained 1.2 percent. At 10.46 am, shares of the company were flat, down 0.06 percent at Rs 497. 

  • Cox & Kings locked at 5% lower circuit, Cummins India falls on Nomura downgrade##Cox & Kings locked at 5% lower circuit, Cummins India falls on Nomura downgrade


    Share price of Cox & Kings locked at 5 percent lower circuit as company defaulted on payment of interest on NCD due on June 30. It has touched a 52-week low of Rs 29.80. Meanwhile, Cummins India shares fell 2.7 percent on July 4 as Nomura downgraded the stock to reduce from neutral.

  • Dinesh Agarwal, Founder & MD of IndiaMart InterMesh, says will continue to improve cash flow from operations##Dinesh Agarwal, Founder & MD of IndiaMart InterMesh, says will continue to improve cash flow from operations

  • IndiaMART shares rise 23% on stock market debut##IndiaMART shares rise 23% on stock market debut


    IndiaMART’s shares opened at Rs 1,201 per share on the NSE, up 23.4 percent from the issue price of Rs 973. Intraday, the stock rose as much as 26.4 percent from its issue price to Rs 1,230 per share. READ MORE

  • Mcleod Russel hits 5% lower circuit as ICRA cuts debt rating to junk##Mcleod Russel hits 5% lower circuit as ICRA cuts debt rating to junk

    Shares of Mcleod Russel India were down almost 5 percent, hitting lower circuit at Rs 13.60 as investors were concerned about the company's ability to raise debt after ratings agency ICRA downgraded the company's long-term debt rating to "D", which is junk, from "B-". 

  • Titan shares fall over 1% on Morgan Stanley rating downgrade, Sensex, Nifty edge up##Titan shares fall over 1% on Morgan Stanley rating downgrade, Sensex, Nifty edge up


    Shares of Titan Company declined over a 1 percent in early trade on July 4 after foreign brokerage house Morgan Stanley downgraded the stock to the equal-weight from overweight. Titan quoted at Rs 1312.65 apiece on BSE, down by 1.15 percent  at 9.51 am. Meanwhile, the 30-share benchmark BSE index traded 131 points higher at 39,969. The broader 50-share NSE index surged 42 points to trade at 11,959.

  • Market higher for fourth consecutive day, Sensex approaches 40,000, Nifty above 11,930##Market higher for fourth consecutive day, Sensex approaches 40,000, Nifty above 11,930

  • Opening Bell: Sensex, Nifty start with modest gains, midcaps outperform##Opening Bell: Sensex, Nifty start with modest gains, midcaps outperform


    Benchmark equity indices, BSE Sensex and NSE Nifty50, started mildly higher by 0.1 percent in initial tick. The BSE Sensex edged up by 78.40 points, or 0.20 percent, to trade at 39,917, while the Nifty was also up by 14.50 points, or 0.12 percent, to trade at 11.931.30. The Nifty MidCap was higher by 0.17 percent, while Bank Nifty was also higher by 0.27 percent. Among Nifty losers, Titan, JSW Steel, Bharti Infratel, Bajaj Auto and Hindalco dipped by up to a percent, while Indiabulls Housing Finance, NGC, UPL, Eicher Motors and Dr Reddy's gained by up to 1.7 percent.

    Read full report here

  • Rupee opens higher at 68.82 against the US dollar##Rupee opens higher at 68.82 against the US dollar


    The Indian rupee gained in the early trade on Thursday. The home currency opened higher by 9 paise at 68.82 per dollar versus its Wednesday's close at 68.91.

  • Top brokerage calls for July 4: Nomura cuts price target for Torrent Pharma, Maruti Suzuki; CLSA remains bullish on realty sector
    Indian benchmark indices are set for a positive start on Wednesday ahead of the Union Budget tomorrow. US stocks closed at a record high in the previous session.
    Closing Bell: Sensex, Nifty end with modest gains ahead of Union budget, Yes Bank dips 3.5%, Titan down 2.6%, UPL up 7.6%
  • Here's what market expert Mitessh Thakkar of mitesshthakkar.com is recommending today##Here's what market expert Mitessh Thakkar of mitesshthakkar.com is recommending today


    Sell GAIL India with a stop loss of Rs 310.5 and target of Rs 295.

    Buy ITC with a stop loss of Rs 273 and target of Rs 283.

    Buy Petronet LNG with a stop loss of Rs 244 and target of Rs 260.

  • Here's what market expert Sudarshan Sukhani of s2analytics.com is recommending today##Here's what market expert Sudarshan Sukhani of s2analytics.com is recommending today


    Buy Axis Bank with stop loss at Rs 798 and target of Rs 820.

    Buy Bata India with stop loss at Rs 1445 and target of Rs 1489.

    Buy Canara Bank with stop loss at Rs 283 and target of Rs 294.

    Buy Larsen & Toubro with stop loss at Rs 1560 and target of Rs 1600.

    Sell Pidilite Industries with stop loss at Rs 1235 and target of Rs 1200.

  • Here's what market expert Ashwani Gujral of ashwanigujral.com is recommending today##Here's what market expert Ashwani Gujral of ashwanigujral.com is recommending today


    Buy Rural Electrification Corporation with a stop loss of Rs 163, target of Rs 177.

    Buy Canara Bank with a stop loss of Rs 284, target of Rs 297.

    Buy Petronet LNG with a stop loss of Rs 244, target of Rs 260.

    Buy Ashok Leyland with a stop loss of Rs 85, target of Rs 93.

    Buy Bank of Baroda with a stop loss of Rs 122, target of Rs 134.

  • IndiaMART to list on exchanges today##IndiaMART to list on exchanges today

    India's largest online B2B marketplace for business product and services, IndiaMART lists on the exchanges today. CNBC-TV18’s Reema Tendulkar shares more details on the listing. The issue price for IndiaMART has been fixed at the upper end of the price band at Rs 973. It was a Rs 475 crore issue and it saw very strong demand. The total issue was subscribed 36 times with the qualified institutional buyer (QIB) portion at 31 times, high net-worth individuals (HNI) at 62 times while the retail investors oversubscribed it by nearly 14 times. READ MORE

  • Govt needs to boost infra spending by 30-40%, Mark Mobius of Mobius Capital Partners##Govt needs to boost infra spending by 30-40%, Mark Mobius of Mobius Capital Partners

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