Benchmark indices BSE Sensex and NSE’s Nifty 50 open higher on Monday, tracking gains in Asian markets. Photo: Hindustan Times
Benchmark indices BSE Sensex and NSE’s Nifty 50 open higher on Monday, tracking gains in Asian markets. Photo: Hindustan Times

Closing bell: Sensex, Nifty snap 3-day losing streak, rise 1%

The BSE Sensex closed 373.06 points up at 35,354.08, while the Nifty 50 ended 101.85 points higher at 10,628.60. Here are the highlights from the markets

OTHERS : Mumbia: Benchmark indices BSE Sensex and NSE’s Nifty 50 advanced 1% led by gains in FMCG and finance stocks. The Indian rupee strengthened for the eighth straight session to hit a fresh three-month high against the US dollar after crude oil prices dropped below $60 a barrel. In global markets, stocks advanced in Europe and Asia and U.S. futures pointed to a higher open as investors switched focus to the outlook for trade and interest rates in the wake of another miserable week in markets, Bloomberg reported. Oil prices recover after a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel. Markets are also bracing for a crucial meeting between U.S. and Chinese leaders at the end of the week. Here are the highlights from the markets:

26 Nov 2018, 03:35:00 PM IST

Closing bell: Sensex, Nifty close 1% up

The BSE Sensex closed 373.06 points, or 1.07%, up at 35,354.08, while the Nifty 50 ended 101.85 points, or 0.97%, higher at 10,628.60. The BSE Midcap index was up 0.06%, while the Smallcap fell 0.15%.Fourteen out of the 19 sectoral indices on BSE advanced led by FMCG, which rose over 2. Auto, bankex, IT and teck rose around 1%. Metal, healthcare, basic materials, telecom and oil and gas declined.Hero MotoCorp, Hindustan Unilever, Wipro, Asian Paints and Axis Bank were among the top gainers on the key indices, whereas Yes Bank, ONGC, Sun Pharma, Vedanta and Coal India among major losers.

26 Nov 2018, 03:12:00 PM IST

HEG board OKs Rs 750 crore share buyback plan

HEG said its board of directors approved a proposal to buyback upto 1,363,636 shares, or 3.41 % of the total equity share capital of the company, for an aggregate amount of upto Rs 750 crore. HEG shares traded 0.35% up at Rs 4366 per share.

26 Nov 2018, 03:03:00 PM IST

Oil India’s share buyback proposal is credit negative: Moody’s

Shares of Oil India Ltd declined as much as 2.9% to Rs 199.2 per share, their lowest in 10 days. Moody’s said on Friday that the company’s proposal last week to buy back shares worth around Rs 1,086 crore is credit negative. Moody’s expects the company’s net borrowings to increase to Rs 11,000 crore by March 2019, up from Rs 9,000 crore as of March 2018. Net borrowings increase is also driven by expectation that company will continue to pay high shareholder dividends and have higher capital spending in FY ending March 2019. Reuters

26 Nov 2018, 02:48:00 PM IST

Smaller FMCG firms race ahead, put bigger rivals on notice

26 Nov 2018, 02:25:00 PM IST

Market update: Sensex, Nifty gain nearly 1%

The BSE Sensex traded 316.62 points, or 0.91%, up at 35,297.64, while the Nifty 50 rose 78.55 points, or 0.75%, to 10,605.30. The BSE MidCap and SmallCap indices were down 0.09% and 0.22%, respectively.Among the sectoral indices on BSE, FMCG gained most at 1.85% followed by telecom, bankex and teck, which rose over 1%. On the other hand, metal fell over 2%. Healthcare, power and utilities also declined.

26 Nov 2018, 02:15:00 PM IST

Hotel Leelaventure shares up 20% on deal buzz

Hotel Leelaventure shares hit a 20% upper circuit to trade at 10.62 per share after the company said it is evaluating various offers that could add value to the company. It, however, added that it does not have any binding contract with any investor as of now. The clarification came after the Financial Express reported that Thailand-based Minor International plans to buy a majority stake in the company for $350 million..

26 Nov 2018, 01:20:00 PM IST

Alembic Pharma gets drug approval from USFDA, shares flat

Alembic Pharmaceuticals Ltd said its joint venture Aleor Dermaceuticals has received approval from the USFDA for its abbreviated new drug application Lidocaine ointment USP, 5%. The approved drug is therapeutically equivalent to the reference listed drug product Xylocaine ointment, 5%, of AstraZeneca. Alembic Pharma shares traded 0.14% up at Rs 560.75 per share.

26 Nov 2018, 12:58:00 PM IST

Timeline: The turbulent journey of Jet Airways

26 Nov 2018, 12:42:00 PM IST

Lupin gets USFDA approval for generic version of Anafranil capsules

Lupin has received approval for its Clomipramine hydrochloride capsules USP, 25 mg, 50 mg, and 75 mg from the USFDA to market a generic version of SpecGx LLC’s Anafranil capsules, 25 mg, 50 mg, and 75 mg. Lupin shares traded 0.27% down at Rs 848.50 per share.

26 Nov 2018, 12:07:00 PM IST

Market update: Sensex, Nifty erase gains, trade lower

The BSE Sensex traded 75.54 points, or 0.22%, down at 34,905.48. Intraday, the 30-share index rose to a high of 35,184.93 and hit a low of 34,896.07. The Nifty 50 fell 28.25 points, or 0.27%, to 10,498.50. The 50-share NSE Index hit a high and a low of 10,584.95 and 10,489.75, respectively.Bharti Airtel, Asian Paints, Hindustan Unilever, Axis Bank and HPCL were among the top gainers on the key indices, whereas Yes Bank, ONGC, Vedanta, Tata Steel and NTPC were major losers.

Source: NSE
Source: NSE

26 Nov 2018, 11:43:00 AM IST

Why Vodafone Idea’s sensible plea didn’t make any sense to investors

26 Nov 2018, 10:57:00 AM IST

Metal stocks trade lower as prices fall on weak demand

Shares of metal companies traded lower today, with the Nifty Metal Index down over 1%, as metal prices fell amid weak demand in China. Steel-linked metals nickel and zinc lost ground as expectations of weaker demand from Chinese mills dented prices, reported Reuters. All other base metals fell amid caution ahead of trade talks between United States President Donald Trump and Chinese President Xi Jinping later this week.Shanghai zinc hit a two-month low of 20,330 yuan a tonne, while London zinc was down 0.46% at $2,507.5 a tonne. London nickel traded 1% weaker and Shanghai nickel dipped 0.3%.

Source: NSE
Source: NSE

26 Nov 2018, 10:35:00 AM IST

Buy stocks now to profit From elections volatility, says FundsIndia

26 Nov 2018, 10:15:00 AM IST

IT stocks fall as rupee advance for 8th day

Shares of IT companies declined today as the Indian rupee advanced for the eighth session and hit a three-month high. At 10.12am, the rupee traded at 70.42 a dollar, up 1.07% from its previous close. The Nifty IT Index was down nearly 1.5%, dragged mainly by Tech Mahindra, Infosys and HCL Tech.

Source: NSE
Source: NSE

26 Nov 2018, 09:48:00 AM IST

HPCL, BPCL, IOC shares rise 4% as oil prices ease

Shares of oil marketing companies Hindustan Petroleum, Bharat Petroleum and Indian Oil rose around 4% as crude oil prices traded below $60 per barrel. BPCL shares rose as much as 3.8% to Rs 332.90 per share, HPCL gained 4.1% to Rs 253 per share and IOCL advanced 3.5% to Rs 143.15 per share. Oil prices won back some ground after hefty losses on Friday, but remained under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets. Front-month Brent crude oil futures were at $59.20 per barrel, up 40 cents, or 0.7%, from their last close.

26 Nov 2018, 09:28:00 AM IST

Bharti Airtel shares up over 3% on Africa unit IPO progress

Shares of Bharti Airtel rose as much as 3.14% to Rs 338.25 per share after Bloomberg reported that the Airtel Africa Ltd has appointed J.P. Morgan, Citigroup, BofA Merrill Lynch, Absa Group Ltd., Barclays Bank PLC., BNP Paribas, Goldman Sachs International and Standard Bank Group for its planned IPO.

26 Nov 2018, 09:20:00 AM IST

Yes Bank shares down nearly 5%

Yes Bank shares fell as much as 4.85% to Rs 186.05 after a news report that the investors debate about the fate of mutual fund holdings of the debt issued by two promoter companies after the bank’s stock price halved from its peak in August.

26 Nov 2018, 09:14:00 AM IST

Rupee trades higher against US dollar

The Indian rupee strengthened for the eighth straight session on Monday to hit a fresh three-month high against the US dollar after crude oil prices dropped below $60 a barrel, easing worries over the current account deficit and inflation. At 9.13am, the rupee was trading at 70.39 a dollar, up 0.46% from its Thursday’s close of 70.70. The currency opened at 70.52 a dollar. Markets were closed on Friday due to Guru Nanak Jayanti. The 10-year government bond yield stood at 7.681% from its previous close of 7.711%.

26 Nov 2018, 09:03:00 AM IST

Global cues, rupee, oil prices to guide market trend

26 Nov 2018, 08:55:00 AM IST

Commodity corner: Oil prices below $60 per barrel, gold rates steady

Oil prices steadied after plunging nearly 8% in the previous session, but remain under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets. Front-month Brent crude oil futures were at $59.23 per barrel at 0202 GMT, up 43 cents, or 0.7%, from their last close. U.S. WTI crude futures, were up 11 cents, or 0.2%, at $50.53 per barrel. The gains did little to make up for Friday’s selloff, which traders have already dubbed ‘Black Friday’.Gold prices were little changed on Monday with investors looking to a G20 meeting this week for signs of a thaw in the Sino-U.S. trade conflict, although a stronger dollar amid fears of a slowdown in global growth weighed on bullion. Spot gold was little changed at $1,222.36 per ounce at 0114 GMT. U.S. gold futures were flat at $1,223.3 per ounce.Metals: Steel-linked metals zinc and nickel fell by almost 1% in early trade on Monday, extending last week’s drop on expectations of lower demand from Chinese steel mills. LME zinc fell to $2,480 a tonne, the cheapest in more than a week and traded last at $2,496, still comfortably far from near two-year lows below $2,300 hit in August. LME nickel fell 0.8% to $10,825 a tonne, near a 13-month trough plumbed on Friday at $10,735. Reuters

26 Nov 2018, 08:48:00 AM IST

Asian stocks mixed as Treasuries steady near 3%

Stocks in Asia were mixed, while U.S. equity futures rose, as markets appeared to take a breather after the recent sell-off. Oil edged up after yet another plunge on Friday, while the yen dipped. Shares in Hong Kong and South Korea rose, Japanese and Chinese equities were little changed, while Australia’s fell. S&P 500 Index futures indicated traders may get some respite following the index’s slide into correction territory on Friday.Japan’s Topix index rose 0.1% as of 10:34 a.m. in Tokyo. Hong Kong’s Hang Seng Index added 0.5%. Australia’s S&P/ASX 200 Index fell 0.4%. South Korea’s Kospi index rose 0.7%. S&P 500 futures rose 0.3%. The S&P 500 fell 0.7%. The MSCI Asia Pacific Index gained 0.1%. Bloomberg

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