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Closing Session
The BSE benchmark Sensex settled 147 points higher on Friday, tracking gains in index-heavyweights HDFC Bank and Infosys ahead of the earnings season.
After rallying 323 points during the day, the 30-share BSE index pared some gains to end 147.37 points, or 0.36 per cent, higher at 41,599.72.
The broader Nifty scaled its life-time (intra-day) high of 12,311.20, before ending 40.90 points, or 0.33 per cent, higher at 12,256.80.
Infosys was the top gainer in the Sensex pack, rising 1.47 per cent, ahead of its quarterly results, scheduled for release after market hours.
Other gainers included Ultratech Cement, Maruti, Kotak Bank, Asian Paints and HUL.
ICICI Bank, IndusInd Bank, Titan and Bharti Airtel were among the losers, shedding up to 1.11 per cent.
According to traders, focus has now shifted to quarterly earnings and the Union Budget. Investors are expecting measures from the government to revive the economy which has led to broad-based participation in equities.
Further, easing geopolitical tensions have also kept market mood upbeat, they said.
Brent crude oil futures slipped 0.31 per cent to USD 65.17 per barrel.
The rupee appreciated 18 paise to 71.03 per US dollar (intra-day).
Bourses in Hong Kong, Tokyo and Seoul ended up to 0.91 per cent higher, while Shanghai closed with losses.
European markets started on a tepid note.
Nifty 50 chart
Nifty Sectoral Indices
SC stays NCLAT order restoring Cyrus Mistry as Executive Chairman of Tata Group
The Supreme Court on Friday stayed an earlier appellate tribunal order that reinstated Cyrus Mistry, who was ousted as executive chairman of Tata Sons, following a boardroom coup.
Passenger vehicle sales decline 1.24 per cent in December
Domestic passenger vehicle sales declined 1.24 per cent to 2,35,786 units in December, from 2,38,753 units in the year-ago period.
The domestic car sales were down 8.4 per cent to 1,42,126 units as against 1,55,159 units in December 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Sensex, Nifty pare gains
The benchmark BSE Sensex pared its gains in the afternoon trading session due to profit taking coupled with fresh selling from investors.
After riding 323 points higher to 41,775.11, the Sensex gave up the gains due to profit taking from investors and traders
The 30-share index was quoted at 41,580.49, up by 128.14 points. It ended yesterday at 41,452.35.
The NSE Nifty too was quoted higher by 43.00 points, or 0.35 per cent, to 12,258.90.
NIFTY SECTORAL INDICES
NIFTY SECTORAL INDICES
Nifty chart
BSE GROUP A Gainers
Nifty Index at 2.15 pm
Sensex stocks
2.05 pm
NIFTY METAL INDEX
NIFTY METAL Index
NIFTY MEDIA INDEX
NIFTY MEDIA INDEX
Nifty Bank Index
Nifty Bank index
Shriram Transport Finance raises around ₹3,556 cr via bond issue
Shriram Transport Finance Company on Friday said it has raised $500 million (approximately ₹3,556 crore) through bond issue.
The proceeds from the bond would be used to generate employment, the company said in a regulatory filing.
Shriram Transport Finance Company (STFC) said it has “successfully priced a $500 million fixed rate senior secured 144A/Reg S bond for a 3.5 year tenor at 5.100 per cent“.
Focus on YES Bank’s fund raising plans
The board of YES Bank will meet on Friday to consider fund-raising plans. The boards of two other companies too will meet — Ashapura Minechem (convertible warrants) and Emami Realty (non-convertible debentures). Shareholders of YES Bank will closely monitor the mode, quantum and price of the issue.
Sterlite Technologies shares rise 3.50% on stake buy in Israel-based ASOCS
Sterlite Technologies Ltd shares went up 3.50% today after the company has informed that its subsidiary has entered into definitive agreements to acquire 12.8 per cent stake in Israel-based ASOCS.
US House votes to rein in Trump's war powers as US-Iran tensions stay high
The US House of Representatives voted on Thursday to stop President Donald Trump from further military action against Iran as West Asia remained tense after the US killing of a top Iranian commander and Iran's retaliatory missile strikes.
The resolution passed 224-194 along party lines in the Democratic-controlled House with nearly all Republicans opposed.
Coffee Day Enterprises shares tumble on bank loan default
Shares of Coffee Day Enterprises tumbled 5% today on the bourses after it defaulted on payment of loans taken from banks and others.
In a notice to stock exchanges, the coffee chain said it had defaulted on loans worth ₹280 crore taken from banks and financial institutions.
Initiate rupee longs with stop-loss at 71.5
Continuing with the bullish momentum, the rupee (INR) gained against the dollar (USD) on Thursday. Compared to the previous day’s close of 71.7, the domestic currency closed at 71.21 yesterday. Thus, it has closed above the important level of 71.4.
Rupee gains 7 paise amid easing oil prices in opening trade
The rupee rose 7 paise to 71.14 against the US dollar in opening trade on Friday, buoyed by sliding oil prices and a firm trend at global markets.
At the interbank foreign exchange market, the rupee opened marginally lower at 71.25 but soon stabilised to trade at 71.14.
NIFTY SECTORAL INDICES
NIFTY SECTORAL INDICES
Opening Session
Domestic equity benchmark BSE Sensex continued it upward journey today and rose over 140 points initially and the Nifty too rose 32 points in the first fifteen minutes of trade today, driven by gains in IT, private banks, auto, healthcare stocks, amid positive domestic and global cues. However, Oil & Gas sectoral index is now being traded in the negative zone.
After opening firm at 41,568.20, the 30-share index rose to a high of 41,647.60. The Sensex was now quoted at 41,525.29, up by 72.94 points. It ended yesterday at 41,452.35.
The broader Nifty rose 20.05 points, or 0.16 per cent, to 12,235.95.
Global markets at record high as techs lead relief rally
The global markets hit a record high on Friday as a relief over de-escalation of U.S.-Iranian tensions quickly prompted investors to bet on faster global growth, especially in the technology sector.
USD INR JAN FUTURES
USD/INR JAN FUTURES
Day Trading Guide For January-10
₹727 • Infosys
Bharat Forge (₹507.2)
Investors with a short-term perspective can buy the stock of Bharat Forge at current levels. Breaking above a key resistance at ₹500, the stock jumped almost 5 per cent accompanied by above average volume on Thursday.
The BSE benchmark Sensex advanced 112 points at the pre-open session on Friday as US markets rallied overnight. Asian markets were trading higher today.
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