Closing bell: Sensex, Nifty end flat; Bharti Airtel, Yes Bank top gainers
6 min read.Updated: 14 Dec 2018, 04:04 PM ISTLivemint
The BSE Sensex closed 33.29 points, or 0.09%, up at 35,962.93 and the Nifty 50 ended 13.90 points, or 0.13%, higher at 10,805.45. Here are the latest updates from the markets
Mumbai: Indian shares ended marginally higher today after a volatile session, continuing their winning streak for a fourth day, amid negative cues from the global markets ahead of a RBI board meeting—the first with Shaktikanta Das as the head of RBI. Negative cues from global markets and profit booking by investors after a three-day rally kept the Sensex and the Nifty 50 in pressure. But gains in telecom, oil, power and energy sectors helped end the key indices in green. Banking, pharma and capital goods sectors led losses.The BSE Sensex closed 33.29 points, or 0.09%, up at 35,962.93 and the Nifty 50 ended 13.90 points, or 0.13%, higher at 10,805.45. The BSE midcap and smallcap indices rose 0.19% and 0.03%, respectively. Among the sectoral indices on BSE, telecom, oil and gas, utilities and energy gained, whereas healthcare, capital goods, consumer durables and industrials declined.Bharti Airtel, Yes Bank, ONGC, BPCL, Infosys, Indian Oil and Coal India were among the major gainers on the key indices, whereas HDFC, HCl Tech, Wipro, LT, Titan, Bajaj Auto and Sun Pharma were among the top losers.Asian stocks fell with US futures as caution returned to global markets as data showed continued weakness in China’s economy. Shares in Hong Kong and Japan bore the brunt of declines as equities fell across the region. Oil prices eased after rising over 2 percent the day before, but were supported by hopes the market will tighten more quickly than expected. Here are the latest updates from the markets:
14 Dec 2018, 03:37:00 PM IST
Closing bell: Sensex, Nifty end marginally higher
The BSE Sensex closed 33.29 points, or 0.09%, up at 35,962.93 and the Nifty 50 ended 13.90 points, or 0.13%, higher at 10,805.45.
14 Dec 2018, 03:34:00 PM IST
Nifty sectoral indices
14 Dec 2018, 03:04:00 PM IST
Gayatri Projects gets Rs 493 crore order
Gayatri Projects Ltd said it has received a new order worth Rs 493 crore. Shares traded 2.9% down at Rs 165.20 per share.
14 Dec 2018, 08:43:00 AM IST
ONGC shares rise 5% on share buyback plan
ONGC shares jumped as much as 4.9% to Rs 150.30 per share after the company said its board of directors will meet on December 20 to consider and approve a share buyback proposal.
14 Dec 2018, 02:10:00 PM IST
Market update: Sensex, Nifty trade flat
14 Dec 2018, 01:40:00 PM IST
Motherson Sumi shares up on Leoni deal buzz
Motherson Sumi Systems Ltd shares rose as much as 11.12% to Rs 179.30 per share. The Economic Times reported that the company in engaged in merger talks with Germnay’s Leoni. However, the company said it has nothing to disclose in this regard.
14 Dec 2018, 01:15:00 PM IST
Oil prices fall on China economy worries
Oil prices dipped on Friday amid concerns over slowing economic growth in China and as investors cashed in on gains of over 2 percent from the previous session, although supply cuts agreed last week by major crude producers offered some support. International benchmark Brent crude oil futures were at $60.97 per barrel, down 48 cents, or 0.8 percent, from their last close. Brent is set for a drop of around 1 percent this week. US WTI crude futures were at $52.21 per barrel, down 37 cents, or 0.7 percent, from their settlement.
14 Dec 2018, 12:50:00 PM IST
WPI inflation falls to 4.64% in November on softening food prices
Inflation based on wholesale prices fell to a three-month low of 4.64 per cent in November, as prices of food articles, especially vegetables, softened. The Wholesale Price Index (WPI)-based inflation stood was 5.28 per cent in October and 4.02 per cent in November last year. According to the government data released Friday, food articles witnessed softening of prices with deflation at 3.31 per cent in November, against 1.49 per cent in October. Vegetables, too, became cheaper with deflation at 26.98 per cent in November, compared to 18.65 per cent in the previous month. Read more
14 Dec 2018, 12:27:00 PM IST
Fortis Healthcare shares plunge 14% after SC stops sale
Fortis Healthcare shares slumped as much as 14.28% to Rs 130.20 per share after the Supreme Court today put the sale of Fortis to IHH on hold, reported BloombergQuint.
14 Dec 2018, 11:50:00 AM IST
Bharti Airtel, Vodafone Idea jump after TDSAT sets aside Trai’s pricing order
Shares of Bharti Airtel rose as much as 10% and rival Vodafone Idea Ltd gained as much as 8% after the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on December 13 set aside Telecom Regulatory Authority of India’s (TRAI) rule on predatory pricing for lack of transparency in the guidelines over determining market share and rates of services. Read more
14 Dec 2018, 11:17:00 AM IST
Yes Bank set to name Brahm Dutt interim chair
Yes Bank shares rose as much as 2.9% to Rs 177.70 per share. The bank is likely to name independent director Brahm Dutt as the bank’s non-executive interim chairman after former finance secretary Ashok Chawla resigned from the position last month, Mint reported, citing two people with direct knowledge of the development. Read more
14 Dec 2018, 10:27:00 AM IST
IGL, MGL shares are low on fuel
Analysts say the reason markets aren't enthused is that valuations of these stocks were not cheap to begin withhttps://t.co/4854Ve6uIp
Infosys said it has formed a joint venture with Hitachi Ltd, Panasonic Corporation and Pasona Inc. in order to boost its presence in Japan. Infosys will acquire 81% of the shareholding in Hitachi Procurement Service, Hitachi’s subsidiary that currently handles indirect materials purchasing functions for the Hitachi Group. Hitachi, Panasonic and Pasona will be minority shareholders of the entity. Infosys shares traded 0.93% up at Rs 702.95 per share.
14 Dec 2018, 09:25:00 AM IST
Yes Bank shares fall over 3%
Yes Bank shares fell as much as 3.66% to Rs 168.30 per share after the bank said that it is yet to select a candidate to succeed its CEO Rana Kapoor and will submit a name to the central bank only after 9 January.
14 Dec 2018, 09:20:00 AM IST
Indian Oil shares up over 3% on share buyback
Shares of Indian Oil Corp. Ltd rose as much as 3.5% to Rs 142 per share after the company said its board had approved the buyback of 3.06% of equity shares for Rs 4,435 crore. The board approved the buyback of up to 29.76 crore equity shares, or 3.06%, at Rs 149 per share, IOC said in a regulatory filing. The buyback price is 8.6% premium to Thursday’s closing price of IOC stocks on the BSE. IOC closed 0.5% higher at Rs 137.20 on the exchange. The government, which holds a 54.06% stake in the company, is expected to participate in the share buyback.
14 Dec 2018, 09:12:00 AM IST
Rupee weakens against dollar
The Indian rupee weakened marginally against the US dollar, tracking losses in its Asian peers. At 9.08am, the rupee was trading at 71.79 a dollar, down 0.15% from its Thursday’s close of 71.69. The currency opened at 71.75 a dollar. The 10-year government bond yield stood at 7.409% from its previous close of 7.408%. So far this year, the rupee has declined 11%, while foreign investors have sold $4.60 billion and $7.48 billion in the equity and debt markets, respectively.
Oil prices eased after rising over 2 percent the day before, but were supported by hopes the market will tighten more quickly than some had expected in the wake of supply cuts from major producers. US WTI crude futures were at $52.42 per barrel, down 0.3 percent from their last settlement. US crude prices climbed 2.8 percent in the previous session, buoyed after data showed inventory declines in the United States. International benchmark Brent crude oil futures were at $61.06 per barrel at 0135 GMT, down 39 cents, or 0.6 percent, from their last close.Gold prices steadied on Friday, after slipping to a week-low in the previous session, supported by the uncertainty around the Federal Reserve’s next year’s policy outlook, while the dollar strengthened on expectations of a rate hike next week. Spot gold was steady at $1,242.11 per ounce, as of 0133 GMT. Prices fell to their lowest level since Dec. 7 at $1,239.83 on Thursday. U.S. gold futures were down 0.1 percent at $1,246.4 per ounce. Reuters
14 Dec 2018, 08:51:00 AM IST
Stock market traders fall for the ‘buy rural’ narrative, once again
Asian stocks fell with U.S. equity futures as caution returned to global markets, with shares extending losses as data showed continued weakness in China’s economy. The yuan dropped with the Aussie, while the yen edged higher with Treasuries. Shares in Hong Kong and Japan bore the brunt of declines as equities fell across the region. Futures on the S&P 500 Index sank and the yuan dipped as a slew of Chinese economic data reinforced worries about the country’s slowdown.Japan’s Topix index slid 1.6 percent as of 11:09 a.m. in Tokyo. Australia’s S&P/ASX 200 Index fell 1.3 percent. Hong Kong’s Hang Seng slid 1.7 percent. Shanghai Composite lost 0.6 percent. South Korea’s Kospi slid 1.5 percent. Futures on the S&P 500 dropped 0.7 percent. The S&P 500 Index closed little changed on Thursday. Bloomberg