Market wrap: Sensex closes over 200 points up, Nifty above 10,3226 min read . Updated: 11 Dec 2017, 07:28 PM IST
BSE Sensex gained over 200 points on Monday, while the Nifty closed above 10,322 points. Here are the latest updates and developments from the markets
MUMBAI : Mumbai: Benchmark BSE Sensex closed 200 points higher at 33,455, while the NSE Nifty50 closed above 10,322. In early trade on Monday, Sensex advanced by 195 points on continuous buying by domestic institutional investors amid strong global leads. The NSE Nifty also went past the 10,300-mark. Domestic institutional investors (DIIs) bought shares worth Rs1,243 crore on Friday, as per provisional data. A firming trend in Asia as investors cheered more records on Wall Street and strong US jobs data influenced sentiment, brokers said. Optimistic buying by participants ahead of industrial production and inflation numbers to be released later this week too supported the rally.Here are the latest updates and developments from the markets:
BSE Sensex rises 205.49 points to close at 33,455.79, while the Nifty50 was up 56.60 points to 10,322.25.
BSE Sensex trades higher by 179.36 points, or 0.54%, to 33,429.66, while the Nifty 50 rises 49.90 points, or 0.49%, to 10,315.55.
Gail to import 5 MT LNG from US in FY’19
GAIL India Ltd will import about 5 million tonnes (MT) of LNG from the US next fiscal, replacing the volumes the state-owned utility buys from the spot market, a senior company official said. GAIL has contracted 5.8 MT per annum of liquefied natural gas (LNG) from the US, some of which it has swapped—either by exchanging the gas with someone having it nearer to India or by time-swapping it.Gail India’s shares were trading lower by 1.40% at Rs481.15 on BSE Sensex on Monday at 3.04pm.
BSE Sensex trades higher by 137.51 points, or 0.41%, to 33,387.81, while the Nifty 50 rises 33.95 points, or 0.33%, to 10,299.60.
Unitech shares rise by 1.18% after Supreme Court decision
Unitech Ltd moved the Supreme Court on Monday against an order of the NCLT allowing the government to take control of the real estate company. A bench headed by chief justice Dipak Misra said that the matter would be heard on Tuesday. Read moreEarlier, shares of Unitech surged as much as 20% in morning trade today after the NCLT authorised the government to appoint its 10 nominees on the board of the realty firm. Unitech’s share was trading 1.18% up at Rs8.47 on BSE at 2.02pm today.Also read | Unitech: The fall of a real estate giant
BSE Sensex trades higher by 135.49 points, or 0.41%, to 33,385.79, while the Nifty 50 rises 32.55 points, or 0.32%, to 10,298.20.
Colgate Palmolive to pay Rs 4 per share as dividend for FY’18
FMCG firm Colgate Palmolive India on Monday said it has declared an interim dividend of Rs4 per equity share for 2017-18, which will see a total payout of Rs131 crore, including dividend distribution tax. The company said in a regulatory filing that its board has declared an interim dividend of Rs4 per equity share, with face value Rs1 each, for the financial year ending 31 March 2018. It will be on the paid up equity share capital of Rs27.20 crore involving a total payout of Rs131 crore, including dividend distribution tax, it added. The record date for payment of the dividend is 19 December 2017. Colgate Palmolive India stock was trading 1.21% up at Rs1,082.65 on BSE at 1.42pm today. (PTI)
BSE Sensex, Nifty50 trade higher
BSE Sensex trades higher by 86.93 points, or 0.26%, to 33,337.23, while the Nifty 50 rises 24.50 points, or 0.24%, to 10,290.15.
Asian shares advance following encouraging US jobs report
Share prices were higher in Asia on Monday, lifted by encouraging employment data from the U.S. that took the Standard & Poor’s 500 index to its third straight weekly gain on Friday despite weakness earlier in the week.Japan’s Nikkei 225 stock index climbed 0.6% to 22,983.73 and Hong Kong’s Hang Seng index gained 1.0% to 28,923.94. The S&P ASX 200 in Australia edged 0.1% higher to 6,030.01 and the Shanghai Composite index added 0.9% to 3,318.87. South Korea’s Kospi picked up 0.3% at 2,471.49. India’s Sensex rose 0.2% to 33,329.96 and shares in Southeast Asia also were higher.US shares climbed after the jobs report showed that employers added 228,000 jobs last month and the unemployment rate remained at a low 4.1% in the latest evidence that the US economy continues to improve, in sync with the rest of the world. The S&P 500 rose 0.6% to 2,651.50, another record. The Dow Jones industrial average gained 0.5% to 24,329.16 and the Nasdaq composite added 0.4% to 6,840.08. (AP)
Oil prices fall in US markets
The price of oil fell back, with benchmark US crude losing 11 cents to settle at $57.25 per barrel in electronic trading on the New York Mercantile Exchange. It gained 67 cents to $57.06 per barrel on Friday. Brent crude, the international standard, lost 8 cents to $63.32 per barrel. It rose $1.20 to $63.40 per barrel on Friday. That helped energy stocks in the S&P 500 rise 0.9%. (AP)
Bitcoin future gains on debut on Chicago Board Options Exchange
The first-ever bitcoin future jumped as the increasingly popular virtual currency made its debut on the Chicago Board Options Exchange. The futures contract that expires in January surged more than $3,000 to $18,500 in during Asian trading hours after it was launched on the Chicago Board Options Exchange. The price of an actual bitcoin has soared since beginning the year below $1,000. As of 12.30pm was at $16,660.43 on the private exchange Coindesk. (AP)
BSE Sensex trades higher by 105.09 points, or 0.32%, to 33,355.39, while the Nifty 50 rises 26.95 points, or 0.26%, to 10,292.60.
AU Small Finance Bank shares rise 5%
AU Small Finance Bank Ltd rose 5% to Rs723.25. The stock gained over 100% from its offer price. It listed on 7 July and its offer price was at Rs358 a share.
Videocon shares hit 5% lower circuit
After hitting 5% upper circuit for 11 consecutive sessions, Videocon Industries hits 5% lower circuit. In last 11 sessions the stock surged over 70% while so far this year it fell 80%.
BSE Sensex trades higher by 116.67 points, or 0.35%, to 33,366.97, while the Nifty 50 rises 34.95 points, or 0.34%, to 10,300.60.
BSE Sensex trades higher by 164.18 points, or 0.49%, to 33,414.48, while the Nifty 50 rises 47.35 points, or 0.46%, to 10,313.00.
Bharti Airtel shares rise 1.5%
Bharti Airtel Ltd rises 1.5% to Rs534 after the company said it will provide mobile connectivity in 2,100 uncovered villages and on national highways in north-eastern states in next 18 months.
IL&FS Engineering and Construction shares up 5%
IL& FS Engineering and Construction Co Ltd rises 5% to Rs54 after the company said it got order worth Rs215.79 crore from Gail India.
Max India falls 5%
Max India Ltd falls 5% to Rs128.65 after the Delhi government on Friday cancelled the licence of Max Hospital, Shalimar Bagh, for alleged medical negligence including the twins case in which one of the babies was found alive after being declared dead by the doctors.
Ultratech Cement shares rise 2%
Ultratech Cement Ltd rises 2% to Rs4,225.85 after the company said it will set up 3.5 mtpa integrated cement plant at Pali, Rajasthan with investment of Rs1,850 crore.
SBI shares higher by 1.4%, Goldman Sachs upgrades stock to ‘buy’
State Bank of India rises 1.4% to Rs317.40 after brokerage firm Goldman Sachs upgraded the stock to “buy” with target price at Rs396 a share.
Jet Airways shares rise 2%
Jet Airways India Ltd rise 2% to Rs678.40 after Brokerage firm Edelweiss upgraded the stock to “buy” from “hold” and increased its target price to Rs822 against Rs548 a share.
BSE Sensex trades higher by 162.18 points, or 0.49%, to 33,412.48, while the Nifty 50 rises 43.75 points, or 0.43%, to 10,309.40.
Unitech shares hit 20% upper circuit
Unitech Ltd hit 20% upper circuit for the second session after the ministry of corporate affairs (MCA) on Friday sought to take control of the company over allegations of fund diversion. Following an MCA petition, the National Company Law Tribunal (NCLT) dismissed its board, and allowed the government to name 10 directors to its board.
Arvind shares rise 3%
Arvind Ltd rises 3% to Rs444.40 after brokerage Edelweiss maintained its “buy” rating on the stock and kept its target price at Rs493 a share.
Rupee rises against US dollar
The rupee opened at 64.46 a dollar. At 9.15am, the home currency was trading at 64.40 a dollar, up 0.09% from its Friday’s close of 64.46. Read more
Asian currencies trade higher
Asian currencies were trading higher. Philippines peso was up 0.41%, Malaysian ringgit 0.17%, Singapore dollar 0.12%, China offshore 0.09%, China renminbi 0.08% and Thai baht rose 0.05%. However, Japanese yen was down 0.07%.Japan’s Nikkei gained 0.04% and Shanghai Composite rose 0.40% in early trading today, while Hong Kong’s Hang Seng was up 0.51%. The US Dow Jones Industrial Average ended 0.49% higher on Friday.
Sensex, Nifty trade higher
BSE Sensex trades higher by 127.04 points, or 0.38%, to 33,377.37, while the Nifty 50 rises 36.75 points, or 0.31%, to 10,297.55.