Markets Live: Sensex closes at 35,807, up 157 points

Sensex settles at 35,807, up 157 points

The Sensex closed Thursday's session at 35,807, up 157 points or 0.44 per cent higher than its overnight close of 35,649.

The Nifty also settled at 10,779, representing a gain of 49.95 points or 0.47 per cent on its Wednesday close.

The top gainers on the Sensex were Infosys, Reliance Industries, HUL, ONGC and PowerGrid, while the laggards were Bharti Airtle, Bajaj Auto, Hero MotoCorp, Tata Motors, Tata Steel, and Maruti.

The domestic markets rode up on positive cues from Wall Street as US stocks recovered from heavy losses after the White House assured that US President Trump had no intention of firing the Fed chairman.

‘161 IPOs garner $5.52 bn till November in 2018’

Indian stock exchanges ranked second globally in terms of the number of initial public offerings (IPOs), raising $5.52 billion from 161 offerings till November this year, according to a report. Read more

CAGR for IT services industry set lower

Representative image

Investment information and credit rating agency ICRA has forecast a lower compounded annual growth rate of 9-12 per cent for the Indian IT services industry during 2018-21, way lower than the 17.1 per cent it registered during 2013-17. Read more

Sensex holds firm

The Sensex continued to trade firm in the afternoon session on Thursday, holding gains of 238 points at 35,888. This was 0.67 per cent higher than its Wednesday close at 35,649.

The Nifty also traded in positive territory, inching up to 10,812, gaining 83 points or 0.77 per cent higher.

The top gainers on the Sensex were Infosys, Reliance Industries, TCS, ITC, and HCL Tech, while the losers were Bharti Airtle, Bajaj Auto, Hero MotoCorp, PowerGrid, Coal India and Kotak Bank.

Reports attributed the firm trend to the rally on Wall Street, with the Dow Jones index recording a dramatic 1,000-point surge.

Depositors of co-op bank allowed to withdraw up to Rs 5,000

RBI is introducing the new look notes since November 2016 under Mahatma Gandhi (New) series. File Photo

The Reserve Bank of India has modified its directive in the case of the Mumbai-based The City Co-operative Bank, allowing its depositors to withdraw a sum not exceeding Rs 5,000 of the total balance in every savings bank or current account or any other deposit account, against Rs 1,000 earlier. For more

Nifty call: Buy on declines with stop-loss at 10,770

The Nifty December futures contract began the expiry day with a gap-up open at 10,801. Following an initial decline to 10,777, the contract resumed its up-move and extended its rally to 10,834 levels which is the intra-day high as of now. For more

Sensex maintains firm trend

The Sensex was trading firm at 35,871 at mid-session on Thursday. It was up 231 points or 0.65 per cent on its previous close. The Nifty also traded in positive territory, quoting at 10,798, up 68 points or 0.64 per cent higher.

The top gainers on the Sensex were Reliance Industries, Infosys, YES Bank, HCL Tech and IndusInd Bank, while the losers were Bharti Airtle, Coal India, Bajaj Auto, PowerGrid and Kotak Bank.

Top gainers and losers on Sensex

Reports attributed the firm trend in the domestic market to a dramatic 1,000-point rally on Wall Street.

Nikkei rallies on Wall Street rebound

Japan's Nikkei share average rallied on Thursday, pulling away from a 20-month low, after Wall Street rebounded sharply from deep losses suffered earlier this week. The Nikkei ended the day up 3.88 per cent at 20,077.62, posting its biggest one-day percentage gain since November 2016. For more

Asian currencies subdued

Bubbling trade concerns push yuan to 11-month low.

Most emerging Asian currencies slipped on Thursday, as the dollar retained the strength it gained overnight after a dramatic Wall Street rally. Strong holiday sales data and Washington's efforts to assuage investor concerns led to a buying spree, with the Dow Jones Industrial Average soaring more than 1,000 points for the first time, following an earlier rout. For more

L&T Construction bags orders in Andhra, MP

The construction arm of infrastructure major Larsen and Toubro (L&T) has bagged orders worth nearly Rs 2,360 Crore for rural development projects, the company said in the statement. For more

Airtel may shed up to 70 mn customers

Bharti Airtel will lose 50-70 million customers as it ends its ‘lifetime free incoming’ plan and asks customers to maintain a minimum balance of ₹35. For more

Piramal Capital and Housing parent child joint home loan product

Piramal Capital and Housing Finance Ltd. (PCHFL), a wholly owned subsidiary of Piramal Enterprises Ltd, announced the launch of their new home loan product – ‘AdvantAGE’ earlier this week. For more

Govt tightens e-comm policy

Plugging some of the loopholes in the Foreign Direct Investment (FDI) norms on e-commerce, the Centre has come up with a review policy explicitly stating who can sell on an e-commerce platform, and the distance that e-tailers have to maintain with their vendors. The norms will come into effect from February 1, 2019. For more

Sensex, Nifty extend gains

The Sensex extended its gains to trade at 35,991 at 11 am. The represented a gain of 344 points or 0.97 per cent on its overnight close. The Nifty was also trading firm at 10,827, up 94 poins or 0.88 per cent higher.

The top gainers on the Sensex were TCS, Infosys, Reliance, IndusInd Bank and YES Bank. The laggards on the index were PowerGrid, Coal India, NTPC, Bharti Airtel and Kotak Bank.

Sensex gainers, losers

The domestic markets marched up on positive cues from Wall Street as US stocks recovered from heavy losses after the White House assured that US President Trump had no intention of firing the Fed chairman.

Reversing Wednesday's firm trend, the rupee lost 19 paise in the morning session on Thursday.

Re falls 19 paise

The rupee weakened by 19 paise to 70.25 against the US dollar in early trade on Thursday due to fresh buying of the American currency by importers and banks. Read more

Sensex, Nifty trade firm

The Sensex traded firm in early trading on Thursday. At 10.15 am it was trading at 35,854 points, up 202 points or 0.57 per cent higher. The Nifty was quoting at 10,781.95 points, up 52 points or 0.49 per cent higher.

The domestic markets marched up on positive cues from Wall Street as US stocks recovered from heavy losses after the White House assured that US President Trump had no intention of firing the Fed chairman.

PTI adds: The 30-share index had broken its three-day falling streak in the previous session on Monday, by ending 179.79 points, or 0.51 per cent, higher at 35,649.94.

The gains on Dalal Street were led by IT, metal, auto and financial stocks.

Top gainers include TCS, Reliance, Infosys, HDFC Bank, ITC, ICICI Bank, IndusInd Bank, Axis Bank, HUL and SBI, rising up to 2 per cent.

On the other hand, Bharti Airtel, PowerGrid, NTPC, Asian Paints and Hero MotoCorp were the top losers, falling up to 1 per cent.

Global investor sentiment was boosted after White House economic advisor Kevin Hassett, in a television interview, assured that US President Donald Trump had no intention of firing the chairman of the Federal Reserve Jerome Powell.

Hassett also downplayed jitters over the economic outlook, following plummeting stock market prices.

Dow Jones Industrial Average index had plunged 653.17 points, or 2.91 per cent, to 21,792.20 in its previous session Monday on reports that US President Donald Trump was weighing options to fire Federal Reserve Chairman .

The rupee, meanwhile, weakened against the US dollar, and was trading at 70.27 a dollar, down 0.27 per cent from its previous close.

Brent crude, the international benchmark, was down 1.18 per cent at USD 54.64 per barrel.

On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 80.28 crore Wednesday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 137.63 crore, provisional data available with BSE showed.

Elsewhere in Asia, Japan’s Nikkei rallied 3.84 per cent, Hong Kong’s Hang Seng was up 0.60 per cent, Kospi gained 0.16 per cent and Shanghai Composite Index rose 0.56 per cent in early trade.

Attach properties of accused brokers too, NSEL tells court

NSEL, the now defunct commodity spot exchange, has put leading brokerage houses in the dock. The exchange has moved the Bombay High Court seeking attachment of the property of top brokers named as accused in the ₹5,600-crore scam. For more

Anand Rathi Wealth puts off IPO plans

Anand Rathi Wealth Services has decided to withdraw its plans to launch an initial public offer due to difficult market condition. For more

Dollar holds firm

The dollar held on to most of its overnight gains on Thursday as investors cheered signs of easing U.S.-Sino trade tensions and stronger-than-expected U.S. economic data, sending Wall Street stocks surging and Treasury yields up. For more

Selan Exploration: Buyback meet eyed

The board of Selan Exploration Technology will meet on Thursday to consider: Interim dividend for the financial year 2018-19, and buyback of equity shares. The issue size and the price at which the shares would be bought back would be keenly followed by shareholders. Besides, the mode of buyback (whether through open market purchase or tender offer on proportionate basis) and promoters’ interest (to participate or not), will also be watched closely.

Coal India shares to turn ex-dividend

Shares of Coal India will turn ex-dividend on Friday. The PSU major has declared an interim dividend of ₹7.25 a share for financial year 2018-19. Investors who wish to receive the dividend need to buy the company’s shares by Thursday, as the company has fixed December 31 as the record date for payment of dividend. The payment will be made from January 5, 2019. As of September end, 5.8 lakh retail investors held 10.13 crore shares or 1.55 per cent stake in the company.

Company news: Career Point

Career Point  on Wednesday announced signing of a deal with Mumbai-based Plancess Edusolutions Pvt Ltd. “The management of Career Point and Plancess have agreed and entered into confidential, exclusive and irrevocable agreements to execute the transaction,” it said in a statement. Both the companies together will obtain all applicable regulatory approvals and in due course Career Point will have an exclusive licence agreement to sell Plancess eLeaming products, it said in the statement. Shares of Career Point were trading at Rs 80.35 on the BSE on Thursday , up +0.85   or 1.07 per cent higher. The shares closed at ₹80.35, up 1.07 per cent, on the BSE on Wednesday.

Company news: Alphageo India

Alphageo India  has received notification of award of contract from ONGC (Jorhat) for an estimated contract value of ₹14.45 crore (exclusive of taxes). It may be recalled that last week the company had announced bagging contracts worth ₹45.88 crore from the Geological Survey of India for conducting airborne geophysical surveys over two identified blocks in and around Obvious Geological Potential Areas of India. Shares of Alphageo were trading at 465.25  on the BSE on Thursday, up 5 points or +1.09 per cent higher.  The shares closed the previous session 1.37 per cent higher at ₹460.25 on the BSE.

Sensex up over 250 points

At 9: 45 am the Sensex was trading at 35,905 points, up 255 points or 0.72 per cent. The NSE Nifty was up 65 points or 0.61 per cent at 10,795 points.

2018: FPIs weren’t keen to drive auto stocks

Automobile and auto component stocks had a bumpy ride in 2018 as muted sales growth and impending regulatory changes made the sector less attractive to foreign portfolio investors as well as domestic investors. For more

Tata Power: Will stake sale by LIC have impact?

In a disclosure to the exchanges on Wednesday, Tata Power Co said that Life Insurance Corporation has reduced its stake in the company by 2.02 per cent. Following the sale, the holding of LIC has come down to 10.61 per cent from 12.63 per cent. It would be interesting to know the name of the buyer. For more

Oil prices fall after jump the day before

Oil fell on Thursday after soaring 8 per cent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. For more

Japan stocks surge

Japan's Nikkei share average rallied on Thursday, pulling away from a 20-month trough, after spectacular rebound on Wall Street after a dismal start to the week. For more

Opening bell

The Sensex opened Thursday's session at 35,952 points, up 302.75 points or 0.85 per cent. The NSE Nifty was up 86 points or 0.81 per cent higher at 10,816 points.

Dow notches record point surge

The Dow Jones Industrial Average surged more than 1,000 points for the first time on Wednesday, leading a broad Wall Street rebound after a report that holiday sales were the strongest in years helped mollify concerns about the health of the economy. For more

Day trading guide for Thursday, December 27, 2018

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹2120 • HDFC Bank

₹644 • Infosys

₹276 • ITC

₹146 • ONGC

₹1096 • Reliance Ind.

₹293 • SBI

₹1889 • TCS

10748 • Nifty 50 Futures

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2. For more

Today's Pick: CanFin Homes (₹289.2): Buy

Investors with a short-term perspective can buy the stock of CanFin Homes at current levels. On Wednesday, the stock gained 4.5 per cent accompanied by above average volume and surpassed the key resistance at ₹280. For more

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