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Closing Bell: Sensex rises 100 points, Nifty closes above 11,500 ahead of key inflation numbers; ITC, Maruti Suzuki gain

Closing Bell: Sensex rises 100 points, Nifty closes above 11,500 ahead of key inflation numbers; ITC, Maruti Suzuki gain

Closing Bell: Sensex rises 100 points, Nifty closes above 11,500 ahead of key inflation numbers; ITC, Maruti Suzuki gain
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Summary

The Indian market picked up in trade on Friday amid volatility, negative sentiment in the global markets and ahead of the kickstart in March-quarter earnings and the government releasing key inflation numbers. The BSE Sensex closed 160 points higher or 0.41 percent at 38,787, and the Nifty 50 gained 46.75 points or 0.40 points to 11,643.

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Apr 12, 2019 3:35 PM

Closing Bell: Sensex gains 100 points, Nifty closes above 11,500 ahead of key inflation numbers##Closing Bell: Sensex gains 100 points, Nifty closes above 11,500 ahead of key inflation numbers

The Indian market picked up in trade on Friday amid volatility, negative sentiment in the global markets and ahead of the kickstart in March-quarter earnings and the government releasing key inflation numbers. The BSE Sensex closed 160 points higher or 0.41 percent at 38,787, and the Nifty 50 gained 46.75 points or 0.40 points to 11,643.

GAIL, ITC, Maruti Suzuki, Cipla, and Zee Entertainment were the top Nifty gainers while Indiabulls Housing Finance, IOC, Bajaj Finance, Larsen and Toubro, Bharti Airtel were the top Nifty losers.

Apr 12, 2019 3:33 PM

Jet Airways Pilots Protest: Shares of Jet Airways has fallen 0.10% towards the market close.

Apr 12, 2019 3:17 PM

DHFL shares down over 3 percent##DHFL shares down over 3 percent

DHFL shares fell as much as 3.5 percent to Rs 166.50 per share. Brickwork revised its rating on the firm's NCD, FD, others to BWR AA- from BWR AA

Apr 12, 2019 2:36 PM

Sensex, Nifty trade higher led by auto, FMCG stocks##Sensex, Nifty trade higher led by auto, FMCG stocks

Indian shares traded marginally higher in the afternoon trade on Friday amid volatile trades, tracking negative sentiment in the global markets ahead of March-quarter earnings. At 1.55 PM, the BSE Sensex was up 88.29 points or 0.23 percent at 38,695.30, and the Nifty 50 gained 24.80 points or 0.21 points to 11,621.50.

The Nifty MidCap and SmallCap indices were up 0.2 percent and 0.44 percent, respectively. Most sectoral indices traded higher led by FMCG, which rose over 1 percent followed by auto, media and pharma. Metal, telecom and capital goods were in negative territory.

ITC, Maruti Suzuki, HeroMotoCorp, GAIL and Cipla led gains on the key indices, whereas Indian Oil, Bharti Airtel, Indiabulls Housing Finance, L&T and Hindalco were major losers.

Apr 12, 2019 2:14 PM

PC Jeweller shares up nearly 20% after block deals##PC Jeweller shares up nearly 20% after block deals

Apr 12, 2019 1:25 PM

Macquarie's view on stock market after 2019 Lok Sabha elections##Macquarie's view on stock market after 2019 Lok Sabha elections

Indian could witness a rise in foreign capital inflows after the Lok Sabha elections, while domestic investors are likely to stay cautious, said Inderjeet Bhatia, head of research at Macquarie.

“We don’t believe that a lot of the foreign institutional investors (FII) money has come only because of the election expectation. India has gone up or attracted foreign money because of the global trade in which risky assets got money," he added. Read More

Apr 12, 2019 12:59 PM

Adani Ports, Adani Transmission gain after promoters release pledged shares##Adani Ports, Adani Transmission gain after promoters release pledged shares

Promoters released 26.8 lakh pledged shares of Adani Enterprises from April 5-10, 87.3 lakh shares of Adani Ports and 3.12 crore shares of Adani Transmission. Adani Enterprises shares traded flat, Adani Ports rose 2 percent and Adani Transmission gained 2.5 percent

Apr 12, 2019 12:34 PM

Lupin shares up nearly 3% on new product launch in US market##Lupin shares up nearly 3% on new product launch in US market

Lupin shares rose 2.8 percent to Rs 832 per share. The company on Friday said it has launched testosterone gel, used for treating low or no testosterone in men due to certain medical conditions, in the US market. Lupin's testosterone gel, 1.62 percent (20.25 mg/1.25 g pump actuation), is the generic equivalent of AbbVie Inc's AndroGel, 1.62 percent.

According to IQVIA MAT December 2018 data, Lupin said AndroGel had annual sales of around $893 million in the US market.

Apr 12, 2019 12:09 PM

Retail inflation, IIP data to be released today##Retail inflation, IIP data to be released today

The government will release CPI inflation and IIP data today after 5.30 PM today.

In a poll conducted by CNBC-TV18, March retail inflation is expected to harden to 2.99 percent on month compared to 2.56 percent in February.

Analysts on an average expect the February Index of Industrial Production (IIP) or factory output data to rise to 2.35 percent as compared to 1.7 percent in January.

Read more: March CPI, February IIP data today: Here's what to expect

Apr 12, 2019 12:00 PM

Rupee extends losses against US dollar##Rupee extends losses against US dollar

Apr 12, 2019 11:26 AM

Lemon Tree Hotels shares gain after CLSA maintains 'buy'##Lemon Tree Hotels shares gain after CLSA maintains 'buy'

Shares of Lemon Tree Hotels gained 3.4 percent to Rs 80.55 per share. CLSA has maintained a “buy” rating on the stock in a recent report, saying “Key acquisition, new management contract opportunities to help gain scale.

 The brokerage has given a price target of Rs 89 per share. It said the company is gaining scale with the recently announced intention to acquire ‘Keys’ hotels, which will add 26% to owned room count and 55% to managed room count.

Apr 12, 2019 11:05 AM

Cipla launches Niveoli inhaler in India, shares up over 1%##Cipla launches Niveoli inhaler in India, shares up over 1%

Cipla shares advanced 1.3 percent to Rs 551.95 after the company said it has launched its proprietary inhaler Niveoli in India. Niveoli is an extra-fine particle beclomethasone-formoterol combination hydrofluoroalkane inhaler used to treat asthma and chronic obstructive pulmonary disorder in adults.

Apr 12, 2019 10:46 AM

Jet Airways shares down over 1 percent after international operations suspended##Jet Airways shares down over 1 percent after international operations suspended

Jet Airways shares fell 1.5 percent to Rs 257 per share after the airline on Thursday said it has suspended international operations until further notice, sources told CNBC-TV18.

The government rules stipulate an airline must have at least 20 planes for operating international operations. Of the 14 aircraft that it is operating as of Thursday, eight are wide-body B777s (seven) and an A330-- generally used for long-haul international operations. The remaining six planes are three B737s, which are largely used for flying on domestic routes besides on short-haul international routes and the rest three are regional ATRs.

Read more: Passengers stranded at airports as Jet Airways cancels flights without notice 

Apr 12, 2019 10:12 AM

Infosys, TCS shares up 1% ahead of Q4 earnings##Infosys, TCS shares up 1% ahead of Q4 earnings

Shares of TCS and Infosys advanced around 1 percent in the opening trade ahead of fourth-quarter earnings due later in the day today. TCS shares rose 9.6 percent to Rs 2,039 and Infosys shares jumped 1.19 percent to Rs 751.55 per share.

Closing Bell: Sensex rises 100 points, Nifty closes above 11,500 ahead of key inflation numbers; ITC, Maruti Suzuki gain
Apr 12, 2019 9:49 AM