Equities end in green on late buying spree; Sensex closes 172 points higher

Closing Bell

Stock markets witnessed late surge in buying especially in Energy, IT and Realty stocks, which rose over 1 per cent today.

Earlier, equities were seen mixed and moved narrowly due to alternative buying and selling by traders. Traders were cautious to make fresh commitments ahead of the week-end US-China trade tariff deadline.  However, stronger rupee against the weak dollar gave the much needed support for equities.

PSU Bank, FMCG, Pharma and Media stocks, which traded in the red for most of the day's trading session recovered and moved into positive territory on the back of short covering in late deals.

Almost all sectors ended positively, with the exception to PSU Bank and Metals, as they ended lower by up to 0.25%.

The BSE benchmark Sensex ended higher by 172.69 points or 0.43%, at 40,412.57, and the Nifty, on the NSE, too was up 53.35 points and ended at 11,910.15.

On the BSE, out of the 2,672 stocks traded, the number of advancers was at 1,014 and the decliners were higher to 1,467.

On Tuesday, foreign institutional investors (FIIs) emerged as net sellers in the capital market, offloading Rs 366.79 crore, while domestic institutional investors bought shares worth Rs 338.40 crore, data available with stock exchange showed.

 

 

NIFTY CHART

NIFTY CHART

 

NIFTY IT INDEX

NIFTY IT INDEX

 

NIFTY REALTY INDEX

NIFTY REALTY INDEX

 

 

3 pm

Rupee rises 14 paise to 70.78 against US dollar

 

The rupee rose 14 paise higher at 70.78 against the US dollar on Wednesday amid softening crude oil prices and weakening of the greenback vis-a-vis major global currencies.

At the forex market, the rupee opened at 70.87 against the US dollar.

During the day, the domestic unit fluctuated between a high of 70.74 and a low of 70.91, before being quoated at 70.78 against the US dollar.

Daily Rupee call: Buy rupee on declines with tight stop-loss

The rupee (INR) has breached the critical resistance at 71 and closed the session at 70.92 against the dollar (USD), increasing the chances for ...

Read More  

2.35 pm

NIFTY BANK CHART

 

2.30 pm

NIFTY CHART

Nifty chart

 

2.25 pm

 

2.05 pm

NIFTY BANK STOCKS

 

 

2 pm

Ujjivan Small Finance Bank to make stock market debut on Thursday

Ujjivan Small Finance Bank, which recently concluded its Rs 750-crore initial public offering, will make the stock market debut on Thursday.

The shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), the microfinance lender said.

READ MORE

Ujjivan SFB IPO subscribed 170 times

Ujjivan Small Finance Bank’s (USFB) IPO got a thumping response, receiving subscription of about 170 times of the total issue size of ₹442 crore.This ...

Read More  

1.55 pm

 

1.50 pm

 

 

1.45 pm

 

1.30 pm

Nifty 50 December Futures (11,913)

The Sensex and the Nifty began the session on a positive note amid mixed global cues. The US markets ended last session on flat note and the Asian markets are mixed in today's session. The Nikkei 225 has slipped 18 points or 23,391 levels and Hang Seng index has gained 207 points or 26,644 levels. After an initial rally, the domestic benchmark indices started to decline from the intra-day high on the back of selling interest.

READ MORE

 

12.45 pm

Weak movement seen in PSU Bank index

PSU Bank index fell nearly 1 per cent today after the largest public sector bank SBI reported about Rs 12,000 crore divergence in their non-performing assets (NPA) for the fiscal 2018-19.

At 12.40 pm, the Nifty PSU Bank index declined 16.55 points or 0.68% to 2,402.25 on the NSE.

State Bank of India stock was down 0.30 per cent at Rs 312.55 on the NSE.

READ MORE

 

12.35 pm

Sensex stocks

Sensex stocks

 

 

11.50 am

How an upper-mid class family can meet its goals

Regular investments, emergency reserves, adequate insurance and plugging gaps can do the trick. READ MORE

 

 

11.40 am

Yes Bank scrip down 11 per cent

 

With full clarity yet to emerge on its capital raising plans, the scrip of private sector lender Yes Bank was down over 11 per cent in intraday trade on BSE on Wednesday.

The scrip was trading at Rs 44.75 apiece on BSE in intraday trade.

READ MORE

Yes Bank: RBI needs to look at all options

Yes Bank Ltd’s latest $2 billion rescue plan was perfect except for one minor detail: Most suitors for the beleaguered Indian lender are not the kind ...

Read More  

11.25 am

Buy rupee on declines with tight stop-loss

 

The rupee (INR) has breached the critical resistance at 71 and closed the session at 70.92 against the dollar (USD), increasing the chances for further appreciation. Thus, month-to-date, the local currency has gained a little over one per cent against the dollar.

READ MORE

 

11.15 am

PC Jeweller share plunges on CARE downgrade

PC Jeweller share price touched its 52-week low of Rs 21.05, down 8.5 percent in early trade after CARE Ratings downgraded the medium-term instrument of the company.

At 11.10 am, the stock of PC Jeweller was quoted lower by 6% to Rs 21.40. Volumes traded on the counter was 8.85 lakh shares on the BSE.

READ MORE

Downgrade by Crisil may impact PC Jeweller

 Shares of PC Jeweller may come under pressure as rating agency Crisil has downgraded its long-term and short-term ratings to the bank loan to Crisil ...

Read More  

PC Jeweller posts ₹376.8 cr net loss in Q4

P C Jeweller has posted a net loss of ₹376.8 crore on a standalone basis during the fourth quarter of last fiscal on account of loss in export ...

Read More  

 

10.50 am

BSE FMCG stocks

 

 

10.40 am

IPCA Laboratories advances 3% on strong fundamentals

Shares of Ipca Laboratories rose today after fall from a month high of Rs 1,161, as seen on charts, on November 18 this year. The stock gained nearly 3% to Rs 1,093.50 on the BSE with volumes of 1,726 shares traded ast at 10.35 am today

Ipca Laboratories has reported a 63.27 per cent rise in consolidated net profit at Rs 193.54 crore in the second quarter ended September 30, 2019. Sequentially, the company EPS has increased to Rs 15.51 in the September quarter of 2019 against Rs 10.45 in June quarter of 2019.

Broker call: Ipca Laboratories (Buy)

Emkay GlobalIpca Laboratories (Buy)CMP: ₹1,121.9Target: ₹1,200Ipca Laboratories is engaged in pharmaceuticals business. The company is a manufacturer ...

Read More

Ipca Laboratories Q2 net up 63.27% at Rs 193.54 cr

Ipca Laboratories on Thursday reported a 63.27 per cent rise in consolidated net profit at Rs 193.54 crore in the second quarter ended September 30.

Read More  

10.20 am

IDBI Bank shares rise on stake sale move in arms

IDBI Bank shares rose nearly 2 per cent today following its announcement the bank would sell up to 49% stake in subsidiaries IDBI Capital Market Securities and IDBI Intech Ltd.

The Board of Directors of IDBI Bank Ltd, at its meeting held  on December 10, has given in-principle approval to divest/dilute IDBI Bank''s stake in its subsidiaries, IDBI Capital Market Securities Limited (ICMS) and IDBI Intech Limited (IIL) to the extent of 49% equity to the prospective investors and retaining controlling stake with the Bank.

IDBI Bank to dilute stake in 2 arms

The board of directors of IDBI Bank has given the in-principle approval to divest/dilute the bank’s stake in its subsidiaries – IDBI Capital Market ...

Read More  

 

10.05 am

Information technology shares rally

The S&P BSE IT Sector index rose 90.25 points or 0.62% at 14,933.16.

Among the components of the S&P BSE IT Sector index, Hinduja Global Solutions Ltd (up 2.89%), Trigyn Technologies Ltd (up 2.78%),63 Moons Technologies Ltd (up 2.28%),NELCO Ltd (up 2.27%),NIIT Technologies Ltd (up 1.86%), were the top gainers. Among the other gainers were Tata Consultancy Services Ltd rose (0.95%) today.

 

BSE IT stocks

 

 

9.55 am

SBI’s bad loans up by ₹11,932 crore in FY19

The Reserve Bank of India’s final Risk Assessment Report (RAR) of the SBI has said that the bank’s gross and net NPAs should be higher by ₹11,932 crore each at ₹1,84,682 crore and ₹77,827 crore, respectively, as at March-end 2019.

READ MORE

 

9.55 am

MCX commodities as on Dec 11, 2019, at 9.48 am

 

 

9.45 am

Rupee up 9 paise against dollar

The Indian rupee opened higher at 70.87 against the dollar on Wednesday versus previous close 70.92. At 9.45 am, the domestic currency was quoted higher at 70.83.

On December 10, the rupee ended 12 paise higher at 70.92 against the US dollar amid softening crude oil prices and weakening of the greenback vis-a-vis major global currencies.

Daily Rupee call: Wait for a pullback to buy the rupee

The rupee (INR) appreciated on Monday as it closed at 71.05 versus the previous close of 71.2 against the dollar (USD). It is currently facing an ...

Read More  

9.30 am

Opening Bell

Indian shares rose marginally today in cautious trade, while other Asian markets were mixed.

The BSE benchmark Sensex gained 70.64 points to 40,310.52, while the Nifty, on the NSE, was up 11.30 points to 11,868.10.

Out of the 30 stocks, on the Sensex, the number of advancers was 18 against the decliners at 12.

Sensex stocks

 

Sensex stocks

 

 

9.25 am

BSE online platform attracts over a quarter of mutual fund inflows

 

Investors in India are now routing more inflows to mutual funds via the online platform. This is evident from the fact that the BSE StAR MF, an online mutual fund distribution platform, has managed to achieve 26 per cent of net inflow to mutual funds for the current fiscal period up to November 2019.

READ MORE

Equity inflows into mutual funds dip to 41-month low

Exit load triggers outflow, but analysts see investors flocking back

Read More  

9.20 am

Nifty 50 December Futures (11,935)

Nifty Call: Short below 11,930 with stop-loss at 11,980

Though there are considerable signs of a downtrend, the futures contract is trading near a support level. Unless it breaks below 11,930 decisively, further decline from current level is less likely.

(This report is based on yesterday's movement)

READ MORE

 

9.15 am

NSE suspends trading in Manpasand Beverages

The National Stock Exchange has suspended trading in Manpasand Beverages from Wednesday. In a circular on Tuesday, the NSE said that the company has failed to meet the listing regulations by not disclosing March and June quarter results.

READ MORE

Manpasand Beverages CMD willing to step down: Company

The company’s independent directors Chirag Doshi, Bharat Vyas and Milind Babar, along with director Dhruv Agrawal tendered their resignation last ...

Read More  

 

9.10 am

Apollo Tyres (₹162.5)

The stock of Apollo Tyres tumbled 4.4 per cent with good volume on Tuesday, breaching its 21-day moving average and a key support around ₹165.

READ MORE

Apollo Tyres net dives 43% on slowdown

Hit by weak performance in the domestic market, Apollo Tyres reported a consolidated net profit of ₹83 crore for the second quarter ended September ...

Read More  

9 am

Asian shares edge lower as investors await tariff deadline

 

Asian equity markets were a tad lower on Tuesday as investors refrained from making major bets before December 15, when the next round of United States (US) tariffs on Chinese imports is due to take effect.

READ MORE

Published on December 11, 2019