The BSE Sensex was trading flat in early trade on Thursday. Photo: Mint
The BSE Sensex was trading flat in early trade on Thursday. Photo: Mint

Market wrap: Sensex vaults over 200 points, Nifty tops 10,600 at end, Yes Bank top performer

The BSE Sensex and NSE Nifty 50 marked their highest close since 5 February on Thursday. Here are the main highlights from the markets today

MUMBAI : Mumbai: The benchmark BSE Sensex vaulted over 212 points on Thursday, riding on a stellar show by Yes Bank, as investors piled into consumption, IT and banking counters amid encouraging earnings. Yes Bank was the top performer in the 30-share Sensex pack, surging 8.26%, after the private lender reported a 29% jump in its net profit (standalone) at Rs1,179.40 crore for the March quarter. Covering up of pending short positions by speculators on expiry of the April derivatives contracts added to the momentum, brokers said. The BSE Sensex took off on a positive note at 34,532.95 and advanced to the day’s high of 34,747.97 before ending at 34,713.60, up 212.33 points, or 0.6%. This is its highest closing since 5 February, when it had finished at 34,757.16. The 50-issue NSE Nifty ended at 10,617.80, up 47.25 points, or 0.45%, after shuttling between 10,628.40 and 10,559.65. Globally, there was a mixed trend in Asia and a higher opening in Europe as robust corporate earnings helped Wall Street calm concerns over the surge in US bond yields. Here are the main highlights from the markets today:

26 Apr 2018, 05:20:00 PM IST

Market highlights: Sensex top gainers, losers, sectoral indices

Sensex gainers included HUL 2.17%, TCS 2.09%, ITC 1.61%, Kotak Bank 1.41%, Adani Ports 1.38%, Infosys 1.27%, IndusInd Bank 1.11%, Hero MotoCorp 1.02%, ONGC 0.89%, HDFC Bank 0.68%, M&M 0.63%, Tata Motors 0.50%, RIL 0.48%, HDFC 0.36%, Maruti Suzuki 0.29% and NTPC 0.26%. However, Wipro shed 2% after disappointing Q4 numbers. Other losers were Bharti Airtel, falling 2.61%, followed by Dr Reddy’s 2.09%, SBI 1.71%, Tata Steel 1.22%, L&T 0.94%, Coal India 0.62%, Bajaj Auto 0.48%, Asian Paints 0.46% and Sun Pharma 0.34%. Among BSE sectoral indices, FMCG rose 1.25%, IT 1.17%, banking 0.86%, teck 0.59%, consumer durables 0.43%, auto 0.33%, metal 0.12% and oil and gas 0.07%. On the other hand, realty fell 0.77%, capital goods 0.51%, PSU 0.36%, healthcare 0.15% and infrastructure 0.13%. The S&P BSE Small-Cap index rose 0.25%, while the Mid-Cap index lost 0.02%.

26 Apr 2018, 03:31:00 PM IST

Closing bell: Sensex rises over 200 points, Nifty extends gains

The BSE Sensex jumps 212.33 points, or 0.62%, to end at 34,713.60, while the NSE Nifty 50 closed higher by 47.25 points, or 0.45%, to 10,617. Both the indexes marked their higher close since 5 February.

26 Apr 2018, 02:20:00 PM IST

Market update: Sensex, Nifty trade flat

The BSE Sensex is trading higher by 83.60 points, or 0.24%, to 34,584.87, while the NSE Nifty 50 edges up by 4.70 points, or 0.04%, to 10,575.25.

26 Apr 2018, 02:15:00 PM IST

Yes Bank shares rise nearly 4%, Q4 results show 29% jump in profit

Yes Bank Ltd on Thursday reported a 29% jump in its March quarter net profit due to higher net interest income and other income. Net profit for the quarter stood at Rs1179.44 crore against Rs914.12 crore a year ago. According to 21 Bloomberg analysts’ estimates, the bank was expected to post a profit of Rs1085.40 crore.Yes Bank shares were trading at Rs337.50 on BSE, up 3.8% from its previous close while India’s benchmark Sensex Index gained 0.27% to 34,593.67 points.ALSO READ | Yes Bank Q4 profit rises 29% to Rs1,179.44 crore

26 Apr 2018, 01:52:00 PM IST

Rupee strengthens against US dollar

The Indian rupee on Thursday strengthened against US dollar tracking gains in local equity markets. At 1.50pm, the rupee was trading at 66.80 against US dollar, up 0.14% from its Wednesday’s close of 66.90. The rupee opened and touched a low of at 66.94 a dollar.Yields on 10-year government bond stood at 7.744% from its previous close of 7.738%. Bond yields and prices move in opposite directions.

26 Apr 2018, 01:15:00 PM IST

Market update: Sensex, Nifty trade higher

The BSE Sensex is trading higher by 66.59 points, or 0.19%, to 34,567.86, while the NSE Nifty 50 edges up by 4.15 points, or 0.04%, to 10,574.70.

26 Apr 2018, 12:05:00 PM IST

Market update: Sensex, Nifty trade flat

The BSE Sensex is higher by 24.81 points, or 0.07%, to 34,526.08, while the NSE Nifty 50 trades lower by 3.10 points, or 0.03%, to 10,567.45.

26 Apr 2018, 11:54:00 AM IST

Oil marketing companies shares fall

Oil marketing companies fell. Hindustan Petroleum Corp. ltd fell 1.6%, Bharat Petroleum Corp. Ltd 1.7%, Indian Oil Corp. Ltd 0.5%.

26 Apr 2018, 11:43:00 AM IST

Emami shares rise 7%

Emami Ltd rose 7% to Rs1,203 after the company said its board will meet on 3 May to consider issue of bonus shares.

26 Apr 2018, 11:31:00 AM IST

PC Jewellers shares decline 15%

PC Jewellers ltd declined 15% to Rs208. The stock slumped 31% in last five trading sessions.

26 Apr 2018, 11:12:00 AM IST

Jindal Stainless shares fall 8%

Jindal Stainless fell 8% to Rs94 after the company said its net profit declined 29% in March quarter to Rs115 crore.

26 Apr 2018, 11:07:00 AM IST

Market update:

The BSE Sensex edges higher by 70.88 points, or 0.21%, to 34,572.15, while the NSE Nifty 50 trades higher by 9.05 points, or 0.09%, to 10,579.60.

26 Apr 2018, 11:02:00 AM IST

Reliance Naval declines to record low, shares fall 15%

Reliance Naval declined 15% to Rs19.40. Recently, auditors of the company raised doubts about the Anil Ambani-led company’s ability to continue as concerns mount. In its notes to the company’s 2017-18 earnings statement, auditors Pathak HD & Associates listed cash losses, erosion of net worth, loans being called back by secured lenders, current liabilities being substantially higher than assets and winding up petitions being filed by few operating creditors to raise its doubts.

26 Apr 2018, 10:14:00 AM IST

Market update

The BSE Sensex edges higher by 67.46 points, or 0.20%, to 34,568.73, while the NSE Nifty 50 trades higher by 15.40 points, or 0.15%, to 10,585.95.

26 Apr 2018, 10:07:00 AM IST

Indiabulls Real Estate shares rise 4% after 21-fold jump in net profit

Indiabulls Real Estate Ltd rose 4% to Rs212 after reported nearly 21-fold jump in consolidated net profit to Rs1,648.3 crore for the quarter ended March. Its net profit stood at Rs79.8 crore in the year-ago period.

26 Apr 2018, 09:57:00 AM IST

Axis Bank falls ahead of March results today

Axis Bank fell 0.5% to Rs496 ahead of its March quarter earnings due later today. According to 15 Bloomberg analyst estimates, the bank may report a net profit of Rs662.30 crore.

26 Apr 2018, 09:52:00 AM IST

Brent crude rises to $74.42 a barrel

Oil futures extended gains. Benchmark US crude oil rose 30 cents to $68.35 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 35 cents to settle at $68.05 a barrel on Wednesday. Brent crude, used to price international oils, rose 42 cents to $74.42 a barrel in London. (AP)

26 Apr 2018, 09:46:00 AM IST

US markets had mixed finish

Major US benchmarks had a mixed finish. The S&P 500 index added 0.2% to 2,639.40. The Dow rose 0.2% to 24,083.83. The Nasdaq composite dipped 0.1% to 7,003.74. (AP)

26 Apr 2018, 09:41:00 AM IST

Asian markets mixed as investors consider latest earnings

Asian stock markets were mixed on Thursday as investors digested the latest quarterly corporate earnings. Japan’s benchmark Nikkei 225 index climbed 0.5% to 22,315.79 and South Korea’s Kospi jumped 1.3% to 2,481.70. Hong Kong’s Hang Seng lost 0.7% to 30,108.64 and the Shanghai Composite in mainland China lost 0.9% to 3,089.21. Australia’s S&P/ASX 200 dipped 0.1% to 5,218.70. Markets in Southeast Asia were lower. (AP)

26 Apr 2018, 09:33:00 AM IST

Wipro falls over 4%

Wipro Ltd fell 4.5% to Rs277 after the company said it does not expect any revenue growth in the current quarter, dashing hopes that India’s third largest information technology outsourcing company will turn the corner soon. Net profit declined 8.6% to $277 million from $303 million in the preceding quarter, on account of the company making a one-time provision for two clients, including British contractor Carillion Plc. and telecom operator Aircel, going bankrupt.

26 Apr 2018, 09:29:00 AM IST

Yes Bank rises 0.5% ahead of Q4 results today

Yes Bank rose 0.5% to Rs326.75 ahead of its March quarter earnings due later today. According to 21 Bloomberg analyst estimates, the bank may report a net profit of Rs1085.40 crore.

26 Apr 2018, 09:28:00 AM IST

Market update: Sensex, Nifty trade flat

The BSE Sensex is currently trading higher by 39.31 points, or 0.11%, to 34,540.58, while the NSE Nifty 50 edged up by 17.30 points, or 0.16%, to 10,587.85.

26 Apr 2018, 09:20:00 AM IST

Rupee opens flat in early trade against US dollar

The Indian rupee on Thursday was trading little changed against US dollar in opening trade tracking mixed Asian currencies. At 9.15am, the home currency was trading at 66.91 against US dollar, down 0.02% from its Wednesday’s close of 66.90. The rupee opened and touched a low of at 66.94 a dollar. Yields on 10-year government bond stood at 7.75% from its previous close of 7.738%. Bond yields and prices move in opposite directions.

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