Sensex, Nifty end 1.70% higher; Banking, auto stocks rally

File photo   -  istock.com/peshkov

Nifty Bank jumps over 3.50%

Closing Bell

The BSE benchmark Sensex climbed 645 points higher and ended above psychological 38,000 mark today led by rally in telecom, auto, banking, healthcare, finance and metal stocks.

Earlier, stock indices moved listlessly till the mid-session. Later, pick up in momentum was seen due to some sudden spurt in buying in equities coupled with short covering by traders that scaled the markets sharply higher.

The BSE benchmark Sensex gained  645.97 points and ended at 38,177.95, while the Nifty, on the NSE, rose 180.80 points to close at 11,307.20.

Heavyweights such as IndusInd Bank, Bharti Airtel, ICICI Bank, SBI, M&M, Kotak Bank, Tata Steel, HDFC Bank, Bajaj Finance and Asian Paints gained between 3 and 5.50 per cent today.

Top losers include YES Bank, Hero MotoCorp, HCL Tech, ITC, TCS and Infosys, which fell between 0.70% and 5.25%

Sobha on firm ground

Shares of Sobha gained 5.25 per cent today given the company’s quality of operations. The stock ended at Rs 455.80, up by Rs 24.45 or 5.67% on the NSE today.

The company has improved sales in a muted environment and healthy cash flows, while property demand seems to have moderated.

 

 

NIFTY BANK INDEX

Nifty Bank chart

 

3.10 pm

 

 

3.05 pm

Sobha jumps 5 per cent

Shares of Sobha gained 5.25 percent today given the company’s quality of operations.

The company has improved sales in a muted environment and healthy cash flows, while property demand seems to have moderated.

Sobha: In a favourable spot - Buy

A slew of launches and presence in luxury and affordable segments are positives

Read More  

5 stocks up for grabs

After rallying sharply in 2017, many mid-and small-cap stocks have taken a beating in 2018. But this fall has also thrown up some attractive ...

Read More  

3 pm

Nifty Midcap stocks

 

 

2.55 pm

Nifty Smallcap stocks

 

 

2.25 pm

 

2.05 pm

 

 

1.50 pm

Trading Call: Century Textiles & Industries (₹915)

 

Century Textiles to demerge cement arm by this quarter

Century Textiles and Industries expects to complete the demerger of its cement business, and its merger with UltraTech Cement, by this quarter.It ...

Read More  

1.25 pm

 

1.15 pm

 

12.45 pm

 

12.40 pm

Indian stocks on the path of a multi-year bullish phase, says AMP Capital

 

India’s stocks will make a comeback as the economic benefits of a landmark corporate-tax cut prevail against concerns over a shadow banking crisis, according to AMP Capital Investors.

READ MORE

 

12.30 pm

Rupee table

 

 

12.20 pm


Nifty 50 October Futures (11,185)

 

The Indian benchmarks are marginally up despite bearish cues across the globe. The US market declined by over 1 per cent and the Nikkei is trading 0.65 per cent lower. The Hang Seng too has dropped by .6 per cent today

READ MORE

Index Outlook: Indices are poised at key base

Both the Sensex and the Nifty extended their corrective fall last week

Read More  

12.05 pm

ADVANCES/DECLINES ON BSE

 

12 Noon

 

11.55 am

 

Indices witnessed sume sudden upmove that could be due to shortcovering by traders. Heavyweights IndusInd Bank, M&M, ICICI Bank, HDFC Bank saw spurt in their prices that aided the rallly.

The Sensex  has gained 163 points at 37,694.89, while the Nifty rose 62.25 points at 11,188.85.

 

 

11.30 am

Stocks trade listless

Benchmark indices are trading listless amid selling seen in the select PSU bank, IT and pharma stocks.

The Sensex  gained 34.32 points at 37,566.30, while the Nifty is up 15.45 points at 11,141.85.

Yes Bank, Titan Company, HCL Tech, Hero MotoCorp and Tata Motors are the top losers on the Nifty, while gainers include UltraTechCement, M&M, L&T, Cipla and Bharti Infratel.

UltraTech Cement breaks support at 4,119; may test 3,933

Shares of UltraTech Cement Ltd has fallen as much as 2.55 per cent to ₹4,052, its lowest since April 4. The stock breaks below a support at ₹4,118.7, ...

Read More  

Q1 results: UltraTech Cement net profit up 91 per cent to Rs 1,208 cr on better realisation

UltraTech Cement Ltd , an Aditya Birla Group company, has reported a 91 per cent increase in Q1 FY20 net profit at ₹1,208 crore, against ₹631 crore in ...

Read More

 

11.15 am

Effects of global slowdown more pronounced in India: IMF chief

The global economy is witnessing “synchronized slowdown”, which will result in slower growth for 90 per cent of the world this year, and the effect is even “more pronounced” in some of the largest emerging market economies like India, new IMF chief Kristalina Georgieva has warned.

READ MORE

Slowdown in economy: Analysts expect contraction in India Inc's profits

For Indian equity investors looking for an uptick in earnings growth, the wait has got longer.A slowdown in domestic growth and the lingering shadow ...

Read More

India slips 10 places to 68th on global competitiveness index

The country ranks high in terms of macroeconomic stability and market size

Read More  

11.05 am

Maruti shares in slow drive to avoid bumps

 

Shares of Maruti Suzuki was traded flat today following a report that the company has reduced its production in September.

The stock was at Rs 6,632, up by Rs 2.15 from its yesterda's closing price.

Reeling under a prolonged slowdown, Maruti Suzuki India (MSI) reduced its production by 17.48% in September, making it the eighth straight month when the country's largest car maker lowered its output. The company produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month.

 

Maruti Suzuki cuts production for 8th straight month in September

Maruti Suzuki produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month

Read More  

Maruti Suzuki sells 1,10,454 passenger vehicles in September

Maruti Suzuki India Ltd (MSIL) on Tuesday said it has sold 1,10,454 passenger vehicles in September in the domestic market, down 27 per cent ...

Read More  

10.50 am

Will the corporates show better earnings in their September quarter results

For Indian equity investors looking for an uptick in earnings growth, the wait has got longer. A slowdown in domestic growth and the lingering shadow banking crisis mean the September-quarter results season that kicks off on Thursday, READ MORE

 

Corporate tax cuts: Stocks that gain the most

Earnings growth for India Inc, which has been on first gear in recent times, is all set to receive a boost from lower tax outgo, with the reduced ...

Read More  

Corporate tax stimulus may not add up to ₹1,45,000 crore

An analysis of the tax paid by India Inc in FY19 shows that the revenue loss from the fiscal stimulus may be over-estimated

Read More

 

10.40 am

Rupee slips 20 paise to 71.22 vs USD in early trade

The Indian rupee opened on a cautious note and fell 20 paise to 71.22 against the United States (US) dollar in early trade on Wednesday tracking subdued opening in domestic equities and foreign fund outflows.

READ MORE

 

 

At the interbank foreign exchange the rupee opened at 71.19.   -  Getty Images/iStockphoto

 

10.30 am

Indiabulls Real Estate in 5% upper lock

Shares of Indiabulls Real Estate were locked in 5 per cent upper circuit at Rs 43.10 today ahead of a board meeting to consider share buyback.

There were pending buy orders of 1,69,3211 shares, with no sellers available on the BSE at 10.30 am.

Indiabulls Real has informed exchanges that the meeting of the board of directors will be held on October 11 to consider the proposal of buyback of equity shares of the company

Recently,  Indiabulls sold its stake in some of its office assets in Gurugram and central Mumbai to Blackstone for Rs 2,717 crore. the Blackstone Group is set to take full control over Indiabulls Real Estate's commercial office portfolio.

Blackstone to get full control of Indiabulls’ commercial office space post Rs 2,700-cr investment

Blackstone Group is set to take full control over Indiabulls Real Estate's commercial office portfolio after Indiabulls on Thursday sold its remaining ...

Read More

Indiabulls Housing slopes downwards

A break-out at ₹600 will bring back bullish momentum and take the stock up to ₹810

Read More  

10.20 am

Titan shares slip 5%

 

Shares of Titan Ltd fell sharply in the morning session today. The stock declined 5.25% or Rs 65.75, to Rs 1,193.25 on the NSE. Volumes traded in the counter were to the extent of 35.78 lakh shares on the NSE.

Though Titan's second quarter jewellery retail sales grow 7%, the company's revenues as per financials declined 2% YoY substantially due to the adverse impact of the hedges matured during the quarter.

Titan’s profit rises 6.17% in Q1 on growth in watches business

Titan Company Ltd posted a 6.17 per cent higher profit at ₹370.73 crore in the first quarter of the current fiscal, boosted by the performance of its ...

Read More

 

10.10 am

 

Stock Futures OI based on Oct 8, 2019 trades.   -  YES Securities

Source: YES Securities

10 am

Mid-cap Gainers on BSE

MIDCAP GAINERS ON BSE on Oct 9 at 10 a.m

 

 

 

9.55 am

MID-CAP STOCK ON THE NSE

 

Mid-cap stocks on NSE on Oct 9, 2019 at 9.55 am

 

 

9.45 am

 

9.40 am

 

9.35 am

Oil prices extend decline as prospects for US-China trade deal dim

Oil prices slipped for a third consecutive session on Wednesday as the prospect of the US and China striking a trade deal in talks this week dimmed, raising uncertainties for global economic growth and oil demand.

READ MORE

 

Oil prices drop lower, weighed down by gloom over global economy

Brent crude futures edge down 28 cents to $58.09 a barrel

Read More  

9.30 am

The BSE benchmark Sensex rebounded slightly after opening lower.

At 9.30 am, the Sensex was being quoted at  37,585.47, up 53.49 points over its previous close.

The NSE Nifty was at 11,139.25, up by 12.85 points over its previous close.

 

9.20 am

Opening Bell

Stock market indices were down marginally at open taking cues from other Asian markets. Equity indices across Asia including Nikkei, Hang Seng and Shanghai are down nearly 0.70 per cent in the morning trade.

The BSE benchmark Sensex edged lower at 37,526.39, down by 12 points from its previous close.

The NSE Nifty was at 11,118.80, down by 7.60 points from its previous close.

 

9.10 am

Day Trading Guide for October 9, 2019

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading: Find out in Portfolio for stocks such as HDFC Bank, ITC, Infosys, Nifty 50, Reliance, SBI and others

 

 

9 am

Adani Enterprises (₹135.6): Sell

Investors with a short-term perspective can sell the stock of Adani Enterprises at current levels.

READ MORE

Adani Enterprises' airport foray in focus

 Adani Enterprises has incorporated Adani Ahmedabad International Airport and Adani Jaipur International Airport on Thursday with an authorised share ...

Read More  

Adani to buy 70% stake in Krishnapatnam Port for over ₹5,500 crore

The deal will help APSEZ expedite the vision of handling 400 mt of cargo by 2025

Read More

Adani Enterprises: One-time income aids profit growth in Q1

Adani Enterprises Ltd (AEL) on Thursday posted a standalone net profit of ₹469 crore for Q1 FY20, against the net loss of ₹7 crore reported in the ...

Read More  

8.55 am

Asian stocks slide on signs of prolonged US-China stand-off

Asian stocks fell the most in a week on Wednesday as the US and China's broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.44 per cent. Chinese shares fell 0.47 per cent after briefly touching a five-week low. Australian shares were down 0.76 per cent.

READ MORE

Asia ex-Japan stocks headed for third weekly decline.   -  Getty Images/iStockphoto

 

Published on October 09, 2019