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CNBC-TV18 Market Highlights: Sensex ends 175 points higher, Nifty abover 12,000; Tata Motors, Yes Bank top gainers

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Indian shares ended higher on Tuesday with the Nifty above 12,000 levels led by gains in banking, metal and auto stocks. The Sensex ended 175 points higher at 40,850, while the Nifty50 index ended 43 points higher at 12,037.

CNBC-TV18 Market Highlights: Sensex ends 175 points higher, Nifty abover 12,000; Tata Motors, Yes Bank top gainers
  • Here's a roundup of all market action of the day:##Here's a roundup of all market action of the day:


    - US-China Trade Developments Help Indian Market Surge In Last Hour Of Trade


    - Sensex Gains Nearly 375 Points and Nifty 108 Points From Lows


    - Nifty Bank Up 535 Points and Midcap Index 184 Points From Lows


    - PSU Bank, IT and Metals Gain The Most Amongst Indices


    - ICICI Bank At Life Higher After Analysts Up Target After Analyst Meet


    - Metal Stocks Surge As Reports Say US-China Getting Closer To A Deal


    - L&T Stock Under Pressure As Maharashtra Government Review Infra Projects


    - Reliance Slips For Second Consecutive Day, Down 4 percent From Life High


    - Ashok Leyland Flat After Announcing 2-12 Non-working Days In December


    - Tata Motors Surges 7 percent As November JLR US Sales Improve MoM and YoY


    - Titan Maintains FY20 Jewellery Sales Growth Guidance At 20 percent, Stock Up 2 percent


    - CSB Bank Makes A Strong Debut, Up 54 percent Against The Issue price Of Rs 195/Share

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  • Closing Bell: Sensex ends higher, Nifty above 12,000 led by gains in banks, auto stocks##Closing Bell: Sensex ends higher, Nifty above 12,000 led by gains in banks, auto stocks

    Indian shares ended higher on Tuesday with the Nifty above 12,000 levels led by gains in banking, metal and auto stocks. The sentiment was also boosted as investors expected another rate cut for the sixth consecutive time in the RBI monetary policy decision due tomorrow to curb the weakening economy. The Sensex ended 175 points higher at 40,850, while the Nifty50 index ended 43 points higher at 12,037.

    Broader markets were in-line with benchmark indices with Nifty Midcap and Nifty Smallcap indices up 0.5 percent and 0.3 percent, respectively. Among stocks, Yes Bank, Tata Motors, ICICI Bank, Vedanta, and Hindalco were the top gainers on the Nifty50, while L&T, Reliance Industries, Coal India, IOC, and Bajaj Finserv led the losses.

    All sectoral indices, except Nifty Realty, ended the day in green. Major buying was seen in the metal, IT, auto, and banking sectors. Nifty PSU Bank index surged the most, up 1.9 percent followed by Nifty IT and Nifty Metal, which rose over 1.5 percent each. Nifty Bank also rose 1.1 percent, while Nifty Media added 0.9 percent. Nifty Pharma advanced 0.8 percent and Nifty Auto gained 0.4 percent for the day.

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  • 60 stocks in the Nifty Midcap 100 index gave negative returns this year
    CNBC-TV18 Market Highlights: Sensex ends 175 points higher, Nifty abover 12,000; Tata Motors, Yes Bank top gainers
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  • Here's why RBI's MPC is expected to initiate a couple more rate cuts##Here's why RBI's MPC is expected to initiate a couple more rate cuts

    Even before the Reserve Bank of India Monetary Policy Committee meeting tomorrow, we all know that a 25 bps rate cut is expected from the board given the poor state of economy and demand slowdown. But, will this rate cut suffice for the upcoming quarters? Most brokerages and analysts believe that some more rate cuts will be imminent to balance the ballooning economy. This CY19, the RBI lowered repo rate by a cumulative 135 bps so far to 5.15 percent, lowest in 9 years. If MPC cuts repo rate tomorrow then it will be the sixth cut this year so far. READ MORE

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  • No further relief to banks in Karvy case: SAT##No further relief to banks in Karvy case: SAT


    The Securities Appellate Tribunal (SAT) on Wednesday refused to grant any further relief to Bajaj Finance and other banks in the matter of Karvy Stock Broking. SAT ruled that the banks' plea to get securities already transferred by NSDL to clients' accounts is ‘untenable’.

    Earlier, Bajaj Finance, ICICI Bank, HDFC Bank and IndusInd Bank had moved SAT seeking directions against Securities & Exchange Board of India (SEBI) and National Securities Depository Ltd (NSDL) for securing shares pledged by Karvy to them. The SAT on Wednesday directed banks to approach SEBI by December 6 regarding their plea and asked SEBI to pass an order in the matter by December 12. READ MORE

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  • No further relief to Bajaj Finance & other banks in Karvy case, SAT rules##No further relief to Bajaj Finance & other banks in Karvy case, SAT rules

    The Securities Appellate Tribunal (SAT) on Wednesday refused to grant any further relief to Bajaj Finance and other banks in the matter of Karvy Stock Broking. SAT ruled that the banks' plea to get securities already transferred by NSDL to clients' accounts is ‘untenable’.

    Earlier, Bajaj Finance, ICICI Bank, HDFC Bank and IndusInd Bank had moved SAT seeking directions against Securities & Exchange Board of India (SEBI) and National Securities Depository Ltd (NSDL) for securing shares pledged by Karvy to them.

    The SAT on Wednesday directed banks to approach SEBI by December 6 regarding their plea and asked SEBI to pass an order in the matter by December 12.

    Lenders had objected to NSDL’s move as securities had been pledged by Karvy to secure loans from them.

    Following SEBI's order, NSDL has already transferred back stocks of nearly 83,000 clients which were illegally transferred by Karvy into its own account.

    On Dec 3, in an interim relief, SAT had ordered NSDL to not transfer any more shares to Karvy clients.

    Karvy has taken loans of Rs 600 crore by pledging securities of around Rs 2,300 crore of 95,000 clients with lenders, including Bajaj Finance, HDFC Bank, ICICI Bank, IndusInd Bank.

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  • Tata Motors gains 6% as JLR reports double-digit sales growth in US##Tata Motors gains 6% as JLR reports double-digit sales growth in US

    Tata Motors gained 6 percent on Wednesday after Jaguar Land Rover reported double-digit growth in overall sales in the United States. In November, Tata Motors' subsidiary Jaguar Land Rover (JLR) sold 12,472 units in the US, an increase of 6.2 percent year-on-year. On a month-on-month basis, sales increased by 19.4 percent.

    The stock rose as much as 6 percent to Rs 167.65 per share on the BSE. At 1:07 PM, the stock was trading 4.4 percent higher at Rs 165 as compared to a 0.5 percent or 192 points fall in the BSE Sensex at 40,482. Land Rover sales grew by 11.3 percent to 9,514 units, while Jaguar sales dropped 7.5 percent to 2,958 units compared to the same month last year.

    Overall US sales have also risen for the fourth consecutive month. Its sales in October stood at 10,443 units against 9,490 units in September, 8,700 units in August and 8,476 units in July.

    However, Tata Motors on Sunday reported a 25.32 percent decline in total sales to 41,124 units in November. The company had sold a total of 55,074 units in the same month last year, Tata Motors said in a statement. Total domestic sales were down 25 percent at 38,057 units as compared to 50,470 units in November last year, it added.CLSA in a recent report upgraded Tata Motors to 'buy' from 'sell' and raised its target to Rs 190 from Rs 120 per share.

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  • CPSEs and public financial institutions to be part of bond ETF, says Finance Minister##CPSEs and public financial institutions to be part of bond ETF, says Finance Minister

    Here are the key highlights from the Cabinet meeting:

    1.  Cabinet approves creating an umbrella bond exchange-traded fund (ETF)

    2.  Have seen good success rate from the two equity ETFs in 2014 & 2017

    3.  Attempting to deepen the bond market in India

    4.  Retail investors will have the option of participating in bond issues via ETF

    5.  Hope to diversify investor base and get retail investors into the bond market

    6.  Bond ETF will be listed on exchanges

    7.  Investors can avail liquidity w.r.t ETF via market makers

    8.  The market maker must have an inventory of ETF units worth Rs 1 crore

    9.  Each bond ETF unit to be priced at Rs 1,000

    10. 3 methods to buy or sell: via an exchange, to market makers, or directly from AMC

    11. CPSEs and public financial institutions to be part of bond ETF

    12. Debt ETF to include bonds of 3 and 10-year maturity as of now

    13. Debt ETF to track underlying index on risk replication basis

    14. Some state FMs met me and discussed compensation of GST

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  • ICICI Bank hits fresh record high as brokerages raise target price##ICICI Bank hits fresh record high as brokerages raise target price

    Shares of ICICI Bank touched a new 52-week high of Rs 524.70 a piece, gaining over 3 percent on Wednesday, after global brokerages maintained their bullish stance on the stock.

    The stock has surged over 45 percent so far in 2019.

    Nomura maintained ‘Buy’ call on the stock and raised the Target Price (TP) to Rs 645 from Rs 610 per share.

    The Japanese research firm believes that the bank is building sustainable income avenues and expects core Pre-Provisioning Operating Profit (PPoP) to record over 19 percent CAGR over FY 19-22.

    Nomura also expects RoE of 16-17 percent in the next 12-18 months. ICICI Bank remains its top pick, the brokerage firm said.

    Morgan Stanley maintained ‘Overweight’ call on the stock with a Target Price (TP) of Rs 775 per share as it believes that decline is credit costs should drive earnings growth of the bank.

    It said that core PPoP is likely to compound at above 20 percent for multiple years and added that the scope of a rerating over the next 12-18 months remain high.

    At 11:35 am, ICICI Bank gained 2.58 percent Rs 522.15 on the Bombay Stock Exchange.

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  • Learning to let it go: What is the right time to exit a stock?##Learning to let it go: What is the right time to exit a stock? 

    Investing in stock markets requires you to be mindful of three things; knowing the right business to invest in, investing at the right time, and knowing the right time to exit a stock.

    While there are plenty of resources that talk about the former two aspects, exiting a stock can be a slippery rope. It’s true that to make long term gains from the stock market, stock investors must invest in the right business and allow their investments to reap results. However, there are certain signs that indicate that you should exit your stock and move on. Let’s find out what they are by clicking on this link here.

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  • Edelweiss Global Investment says CNBC-TV18 that the market will get a strong leg-up once economy picks up##Edelweiss Global Investment says CNBC-TV18 that the market will get a strong leg-up once economy picks up

    Here are the key highlights from the conversation:

    1. Government is trying to address sector-specific issues

    2. Government is very proactive in terms of policy actions

    3. Economic activities have to pick up for corporate earnings to improve

    4. Corporates earnings can improve if credit issues are addressed

    5. Don't see any improvement in earnings at the current juncture

    6. Commodities have been under cyclical downtrend for many years

    7. Expect rally in commodities to benefit respective sectors

    8. Remain positive on NBFCs in the long-run

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  • Ujjivan Small Finance Bank IPO subscribed 5 times on final day, retail book 24x##Ujjivan Small Finance Bank IPO subscribed 5 times on final day, retail book 24x

    The Rs 750-crore IPO of Ujjivan Small Finance Bank, the subsidiary of listed microfinance lender Ujjivan Financial Services, has been subscribed 4.93 times on the final day of bidding on December 4.

    The strong response came in from all categories of investors. The issue received bids for 61.12 crore shares against the offer size of 12.39 crore shares, the exchange data showed.

    This is the sixth public issue where the retail demand remained strong in double digits. The portion set aside for retail investors, which is generally 10 percent of the total issue size, has subscribed 24.21 times.

    The reserved category of qualified institutional buyers saw the subscription of 85 percent and that of non-institutional investors 2.47 times.

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  • CSB Bank debuts at Rs 275, a 41% premium over issue price##CSB Bank debuts at Rs 275, a 41% premium over issue price

    Kerala-based private lender CSB Bank (formerly known as Catholic Syrian Bank) made a debut on bourses on Wednesday listing at Rs 275 per share on BSE, up 41 percent from its issue price of Rs 195. 

    CSB Bank’s Rs 410-crore IPO was subscribed 87 times last week.

    CSB Bank shares rose as much a 51.2 percent to Rs 295 per share on BSE. At 10:01 am, the stock price was trading 48 percent higher at Rs 288.40. READ MORE

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  • Max India's shares slip 4%##Max India's shares slip 4%

    Max India's share price plunged 4 percent in the early trade on December 4 after the company received IRDAI approval for divestment of its stake in Max Bupa Health Insurance Company.

    At 9:40 am, the shares were trading 2.73 percent lower to Rs 78.30 per share on the NSE while on intraday, the share price plunged 4.34 percent at Rs 77.

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  • Market opens lower, Nifty Metal falls nearly 2%##Market opens lower, Nifty Metal falls nearly 2%

    The Indian market on Wednesday opened lower following the global markets. Nifty Metal remained the top-losing index at opening due to the losses in JSW Steel and Tata Steel. 

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  • Indian Rupee opens lower, at 71.80##Indian Rupee opens lower, at 71.80

    The Indian Rupee opened lower on Wednesday after US President Donald Trump said that the trade deal with China will take place after the presidential election next year. This threw global markets into the negative zone where US markets traded lower for 3 consecutive days. 

    The Indian rupee opened at 71.80 v/s Tuesday's close of 71.67.

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  • Eris Lifesciences acquires anti-diabetes drug Zomelis from Novartis for $13 million##Eris Lifesciences acquires anti-diabetes drug Zomelis from Novartis for $13 million

    Eris Lifesciences Ltd. on Tuesday announced that it has acquired the trademark for Zomelis, an anti-diabetes drug, from Novartis AG, for a consideration of $13 million. The company will start selling the drug in the Indian market from December 10 onwards. Zomelis, the common name for which is Vildagliptin, is used to treat type 2 diabetes. This is the first innovator pharmaceutical product trademark acquired by the company. READ MORE

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  • Google co-founders step aside as Sundar Pichai takes helm of parent Alphabet##Google co-founders step aside as Sundar Pichai takes helm of parent Alphabet


    Google Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, extending a long retreat from public roles and active management by Page and Sergey Brin at the company they co-founded 21 years ago. "While it has been a tremendous privilege to be deeply involved in the day-to-day management of the company for so long, we believe it's time to assume the role of proud parents — offering advice and love, but not daily nagging!" Page and Brin wrote in a blog post on Tuesday. READ MORE

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  • CNBC-TV18's top stocks to watch out for on December 4
    CNBC-TV18 Market Highlights: Sensex ends 175 points higher, Nifty abover 12,000; Tata Motors, Yes Bank top gainers
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  • Standard Life to sell 2.23% stake in HDFC AMC via offer for sale##Standard Life to sell 2.23% stake in HDFC AMC via offer for sale

    Standard Life Investments, one of the promoters of HDFC Asset Management Co, will sell up to 4,750,000 equity shares, representing a 2.23 percent stake in HDFC AMC on December 4-5 via an offer for sale route. There will be an option to additionally sell up to 38.5 lakh equity shares, or about a 1 .81 percent stake of the fund house, HDFC AMC said in a regulatory filing.

    The shares will be sold at a price of Rs 3,170 per equity share, aiming for proceeds worth about Rs 1,505.75 crore.

    The stake sale will be conducted on the BSE and NSE on December 4 for institutional investors and December 5 for retail investors.

    On Tuesday, HDFC AMC shares settled 1.34 percent up at Rs 3,441.45 per share on the BSE, while on the NSE, the stock prices rose 1.13 percent to Rs 3,441 per share.

    Promoter Standard Life is selling the stake to achieve the minimum public shareholding in the company as prescribed under Sebi's norm.

    HDFC AMC is a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Investments. As of September 2019, Standard Life owned 29.94 percent in the mutual fund house, while HDFC held 52.76 percent.

    DSP Merrill Lynch is the broker for Standard Life.

    In July 2018, HDFC AMC had hit the capital markets to raise an estimated Rs 2,800 crore through its initial public offering.

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  • Top brokerage calls for December 4: CLSA maintains 'sell' on Lupin; Nomura raises target price for ICICI Bank##Top brokerage calls for December 4: CLSA maintains 'sell' on Lupin; Nomura raises target price for ICICI Bank

    CLSA put a 'sell' rating on Lupin and cut its target price to Rs 640 per share from Rs 650 earlier after the brokerage expects US revival hinges on selected products. Meanwhile, Morgan Stanley maintained 'overweight' on ICICI Bank saying that there's a scope of meaningful re-rating in the stock over the next 12-18 months.

    Click here for more takeaways on the brokerage calls.

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  • CSB Bank IPO: Will it be a bumper listing on December 4
    CSB with its stable and granular deposit base has professional and experienced management with strong and independent Board which infuse optimism in future prospects of bank, Astha Jain said.
    CNBC-TV18 Market Highlights: Sensex ends 175 points higher, Nifty abover 12,000; Tata Motors, Yes Bank top gainers
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  • Asian shares fall as Donald Trump raises spectre of longer trade war##Asian shares fall as Donald Trump raises spectre of longer trade war

    Asian shares extended their losses on Wednesday after US President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing market hopes for a quick preliminary agreement. Investors turned to safe-haven assets, boosting bond prices and sending gold to a one-month high, while MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent.

    Japan's Nikkei dropped 1 percent in early trade. Australia's S&P/ASX200 was down 1.6 percent, having shed almost 4% since closing on Monday. Read more here.

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  • Here is what happened in the world while you were sleeping

    Alright, let us prep you quickly with everything that you should know before the market opens.

    The Indian market is expected to open lower on Wednesday, following losses in global markets over uncertainties around US-China trade talks. At 7:01 am, the SGX Nifty was trading 52.50 points or 0.44 percent lower at 11,998.50, indicating a negative start for the Sensex and Nifty50.


    US markets: This is what happened with the US stock market: A comment by President Donald Trump that a deal to end the US-China trade war might not come until after the November 2020 election weighed on global stock markets on Tuesday, sending investors to the safety of bonds. 

    Oil: Oil steadied on Tuesday, settling narrowly mixed as expectations of output cuts from OPEC and allied producers helped prices bounce after a slide following comments from U.S. President Donald Trump that a trade deal with China may be delayed.

    To read all about it: check out this article.

    Here is a list of some of our late evening breaks you may have missed.  

    1. RBI monetary policy: Economists see another rate cut in the offing

    The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is widely expected to cut rates for the sixth consecutive time in the upcoming policy, as it looks to support weakening economic growth, according to a poll conducted by CNBC-TV18.

    You can read the full report here.

    2. Jaypee Infratech: Suraksha Realty, NBCC submit final bids

    The two-horse race to acquire debt-ridden Jaypee Infratech has reached its final lap, with both Suraksha Realty and NBCC submitting final bids to the Committee of Creditors (CoC). People aware of the development confirmed to CNBC-TV18 that both Suraksha and NBCC submitted revised offers to acquire Jaypee Infratech to the CoC.

    Click here to read more.

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  • First up, here is a quick catchup of what happened in the markets yesterday.

    The benchmark indices, the BSE Sensex and NSE Nifty50, ended Tuesday's trading session by extending losses dragged by banking, metal and auto stocks. Losses in index heavyweights like HDFC Bank, Axis Bank, L&T, and IndusInd Bank majorly contributed to the fall.

    The 30-share S&P BSE Sensex ended 127 points, or 031 percent, lower at 40,675.45. It hit an intra-day high of 40,885.03 and a low of 40,554.04. The broader NSE Nifty50 too declined 54 points, or 0.45 percent, to settle at 11,994.20.

    If you are interested, you can check out the full article here

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  • Good morning, readers! This is Mousumi Paul. I am a copy editor at CNBCTV18.com and I am very passionate about the stock market. 

    Welcome to our market blog, where we provide a rolling live news coverage of the latest events in the stock market, business and economy. We will also get you instant reactions and guests from our stellar lineup of TV guests and in-house editors, researchers and reporters.

    If you are an investor, here is wishing you a great trading day.

    If you are in need of some inspiration, here is this great quote from Warren Buffett to get you started. Good luck!

    CNBC-TV18 Market Highlights: Sensex ends 175 points higher, Nifty abover 12,000; Tata Motors, Yes Bank top gainers
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Indian shares ended higher on Tuesday with the Nifty above 12,000 levels led by gains in banking, metal and auto stocks. The Sensex ended 175 points higher at 40,850, while the Nifty50 index ended 43 points higher at 12,037.

Market Movers

CompanyPriceChange%Loss
Asian Paints3,010.80 -57.75
Bajaj Finance6,016.80 -99.20
Nestle17,436.55 -212.60
HUL2,490.25 -24.10
Kotak Mahindra1,757.10 -14.95
CompanyPriceChange%Loss
Asian Paints3,010.85 -58.70
Bajaj Finance6,017.40 -98.45
Nestle17,451.20 -191.30
HUL2,489.60 -26.50
IndusInd Bank1,000.35 -7.45
CompanyPriceChange%Loss
Asian Paints3,010.80 -57.75 -1.88
Bajaj Finance6,016.80 -99.20 -1.62
Nestle17,436.55 -212.60 -1.20
HUL2,490.25 -24.10 -0.96
Kotak Mahindra1,757.10 -14.95 -0.84
CompanyPriceChange%Loss
Asian Paints3,010.85 -58.70 -1.91
Bajaj Finance6,017.40 -98.45 -1.61
Nestle17,451.20 -191.30 -1.08
HUL2,489.60 -26.50 -1.05
IndusInd Bank1,000.35 -7.45 -0.74

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.36500.26500.36
Euro-Rupee88.50600.18800.21
Pound-Rupee103.48900.22600.22
Rupee-100 Yen0.6714-0.0002-0.04