BSE Sensex and NSE’s Nifty 50 closed higher on Thursday. Photo: Mint
BSE Sensex and NSE’s Nifty 50 closed higher on Thursday. Photo: Mint

Closing bell: Sensex gains 95 points, Nifty above 10,550, metal stocks shine

BSE Sensex closed higher by 95.61 points at 34,427.29, while the Nifty 50 ended 39.10 points up at 10,565.30. Here are the highlights from the markets

Mumbai: Benchmark indices BSE Sensex and NSE Nifty gained on Thursday, tracking strong Asian cues supported by a rally in oil prices and easing global trade concerns. Investors sentiment was optimistic ahead of quarterly earnings of some key companies, including TCS, which will release its results later in the day. Asian stocks climbed to the highest in a month and measures of volatility continued to decline amid optimism that global growth can weather any impact from trade tensions. Traders are cautious ahead of the release of Reserve Bank of India’s latest policy meeting minutes later in the day. Here are the highlights from the markets:
19 Apr 2018, 03:33:00 PM IST

Closing bell

BSE Sensex closed higher by 95.61 points, or 0.28%, to 34,427.29, while the Nifty 50 rose 39.10 points, or 0.37%, to close at 10,565.30. Among the sectoral indices on BSE, metal gained most at 4.46% followed by basic materials 2.76% and capital goods 1.06%, while oil and gas fell 1.31%, consumer durables 0.86% and energy 0.59%. BSE MidCap and SmallCap ended up 0.63% and 0.60%,respectively. Tata Steel, Yes Bank, Bharti Airtel and L&T were top gainers, whereas Axis Bank, Coal India, Kotak Bank and Sun Pharma were major losers.

19 Apr 2018, 03:03:00 PM IST

Market update

BSE Sensex traded higher by 51.44 points, or 0.15%, to 34,383.12, while the Nifty 50 rose 26.50 points, or 0.25%, to 10,552.70.

19 Apr 2018, 09:27:00 AM IST

Honeywell Automation expanding Pune facility

Honeywell Automation India Ltd shares rose 2.25% to Rs18,555 after the company announced the expansion of its Fulgaon manufacturing facility in Pune to meet the growing demand for automation solutions and factory instrumentation more effectively.

19 Apr 2018, 02:53:00 PM IST

Rupee hits 7-month low against US dollar, bond yield rises 11 bps

The Indian rupee on Thursday weakened for a fourth consecutive session to hit a fresh seven-month low against the US dollar, while 10-year bond yield surged nearly 11 basis points after international crude oil prices surged.The rupee was trading at 65.76 against US dollar, down 0.15% from its Wednesday’s close of 65.66. The rupee opened at 65.84 a dollar and touched a low of 65.85 a dollar—a level last seen on 28 September 2017. Yields on 10-year government bond stood at 7.642%—a level last seen on 26 March, up 11 basis points from its previous close of 7.535%.

19 Apr 2018, 01:50:00 PM IST

RIL, BP sanction satellite cluster project in Block KG D6

Reliance Industries Ltd said that it and BP Plc have sanctioned the satellite cluster project in Block KG D6. RIL shares were up 0.32% to Rs940.

19 Apr 2018, 01:45:00 PM IST

European shares trade higher

Europe’s main stock markets climbed modestly at the start of trading on Thursday, with dealers awaiting key retail sales data in Britain. London’s benchmark FTSE 100 index climbed 0.2% to 7,331.65 points. In the eurozone, Frankfurt’s DAX 30 edged up a handful of points to 12,595.61 and the Paris CAC 40 gained 0.2% to 5,389.82 points. (AFP)

19 Apr 2018, 12:55:00 PM IST

Sensex, Nifty hold gains

BSE Sensex traded higher by 90.41 points, or 0.26%, to 34,422.09, while the Nifty 50 rose 33.95 points, or 0.32%, to 10,560.15.

19 Apr 2018, 12:53:00 PM IST

Reliance Infra receives Rs774 crore contract from Rail Vikas Nigam

Reliance Infrastructure Ltd said it has bagged an EPC contract from Rail Vikas Nigam Ltd for railway project worth Rs774 crore. Shares rose 0.56% to Rs462.

19 Apr 2018, 12:50:00 PM IST

Allied Digital shares rise 10%

Allied Digital Services Ltd shares jumped 9.95% to Rs23.20 after the company said its board of directors approved formation of an overseas subsidiary of the company.

19 Apr 2018, 12:45:00 PM IST

Vascon Engineers gets Rs119 crore order

Vascon Engineers Ltd shares rose 2.80% to Rs34.85 after the company said it has received an order amounting to Rs119 crore.

19 Apr 2018, 12:37:00 PM IST

Metal shares trade higher led by Hindalco, Hindustan Copper

India’s metal index surged as much as 3.6% to highest since 6 March. Hindustan Copper Ltd, Hindalco Industries Ltd and National Aluminium Co. Ltd rose in 4.7-10.7% range. Hindalco shares gained 5.8% to its highest since 16 February; Hindustan Copper stock was up as much as 13.2%. As of Wednesday’s close, Nifty Metal index fell 4.8 pct this year, while NSE index held flat.Aluminium prices surged 5% to highest in almost 7 years on Thursday. LME aluminium climbed as far as $2,664.50 a tonne, highest since August 2011. US sanctions on Rusal, alumina output curtailment at Alunorte refinery in Brazil, should support higher aluminium prices in the near term. (Reuters)

19 Apr 2018, 11:27:00 AM IST

Market update

BSE Sensex traded higher by 74.45 points, or 0.22%, to 34,406.13, while the Nifty 50 rose 29.90 points, or 0.28%, to 10,556.10. Among the sectoral indices on BSE, metal gained 3.43%, basic materials 2.27% and IT 0.93%, while oil and gas was down 0.93%, consumer durables 0.86% and energy 0.22%. BSE MidCap and SmallCap gained 0.25% and 0.39%, respectively.

19 Apr 2018, 11:23:00 AM IST

Indusind Bank shares gain ahead of March-quarter earnings

Indusind Bank rose 1.1% to Rs1864 ahead of its March quarter earnings. According to 23 Bloomberg analysts estimate, the bank may report a net profit of Rs974.50 crore.

19 Apr 2018, 11:20:00 AM IST

UltraTech Cement commissions greenfield plant in MP

UltraTech Cement Ltd shares rose 3.42% to Rs4,134.20 after it commissioned a greenfield clinker capacity of 2.5 mtpa at Manawar in Madhya Pradesh.

19 Apr 2018, 11:17:00 AM IST

Govt invites EoI for disinvestment of Hindustan Fluoro Carbons

Hindustan Organic Chemicals Ltd shares jumped 4.41% to Rs27.20 after the government invited expression of interest for strategic disinvestment of Hindustan Fluoro Carbons by Hindustan Organic Chemicals. (Reuters)

19 Apr 2018, 11:15:00 AM IST

ZydusCadila gets USFDA approval to market sodium topical solution

Cadila Healthcare Ltd said unit ZydusCadila has received the final approval from the USFDA to market diclofenac sodium topical solution, a nonsteroidalanti-inflammatory drug indicated for the treatment of signs and symptoms of osteoarthritis of knees. Shares were trading flat at Rs385.60

19 Apr 2018, 10:23:00 AM IST

Midhani shares gain 83% since stocks market debut

Mishra Dhatu Nigam Ltd shares surged 9% to Rs161. The stock has gained for eight consecutive sessions and advanced nearly 84% in this period. The stock listed on 4 April and since then it gained 83%.

19 Apr 2018, 10:20:00 AM IST

Mindtree shares rise after net profit surges 88%

Mindtree Ltd shares rose 3% to Rs892 after the company said its net profit surged 88% from a year ago to Rs182.20 crore. Revenue rose 11.1% to Rs1,464 crore.

19 Apr 2018, 10:17:00 AM IST

TCS shares trade higher ahead of earnings

Tata Consultancy Services Ltd shares were trading 0.78% higher at Rs3184 ahead of March-quarter earnings today. It has touched a high of Rs3187.25 in the morning trade.

19 Apr 2018, 09:37:00 AM IST

HDFC Life shares rise after quarterly profit jumps 40%

HDFC Standard Life Insurance Co. Ltd shares rose 2.5% to Rs504.55 after its net profit jumped 40.4% in March quarter to Rs346.84 crore from Rs247.04 crore a year ago.

19 Apr 2018, 09:35:00 AM IST

Oil marketing companies shares fall as oil prices rise

Shares of oil marketing companies fell after crude oil price surged. Bharat Petroleum Corp Ltd fell 3.1%, Hindustan Petroleum Corp Ltd 2.7%, Indian Oil Corp Ltd 1.9%

19 Apr 2018, 09:33:00 AM IST

Fortis Healthcare shares rise after Hero Group offers to invest

Fortis Healthcare Ltd shares rose 2.2% to Rs148 after the company got a new offer from Hero Group. According to the offer, Munjals and Burmans seek to invest Rs1,500 crore directly into the company.

19 Apr 2018, 09:30:00 AM IST

India’s fiscal outlook poised for a reset: IMF

The International Monetary Fund (IMF) said that India’s combined gross debt, including that of the central and state governments, is set to decline by almost nine percentage points to 61.4% of gross domestic product (GDP) by 2023-24.

19 Apr 2018, 09:27:00 AM IST

Rupee weakens for fourth session against US dollar as oil prices surge

The Indian rupee weakened for a fourth consecutive session to hit a fresh seven-month low against the US dollar after international crude oil prices surged. The home currency was trading at 65.82 against US dollar, down 0.24% from its Wednesday’s close of 65.66. The rupee opened at 65.84 a dollar and touched a low of 65.85 a dollar—a level last seen on 28 September 2017. Yields on 10-year government bond stood at 7.602% from its previous close of 7.535%.

19 Apr 2018, 09:23:00 AM IST

Market update

BSE Sensex traded higher by 108.86 points, or 0.32%, to 34,440.54, while the Nifty 50 rose 37.45 points, or 0.36%, to 10,563.65.

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