The benchmark 30-share S&P BSE Sensex and the broader NSE Nifty 50 moved higher on Friday on positive global cues. Photo: Reuters
The benchmark 30-share S&P BSE Sensex and the broader NSE Nifty 50 moved higher on Friday on positive global cues. Photo: Reuters

Market wrap: Sensex, Nifty end higher, Bandhan Bank shares rise, Maruti falls

The BSE Sensex and NSE Nifty 50 closed higher on Friday on positive global cues. Here are the main highlights from the markets today

MUMBAI : Mumbai: The benchmark Sensex spurted by over 200 points for the second straight day today on across-the-board buying by participants as Asian markets cheered a historic summit between North and South Korea. The 30-share Sensex rallied over 256 points to end at a near 3-month high of 34,969.70, while the broader Nifty advanced 74.50 points to 10,692.30 as the May derivatives series got off to a strong start. The key indices gained for the fifth week in a row—their longest winning streak in a year. The Sensex surged 554.12 points, or 1.61%, while the Nifty gained 128.25 points, or 1.21%, during this week. Here are the main highlights from the markets today:

27 Apr 2018, 05:35:00 PM IST

Closing bell: Sensex ends below 35,000

The Sensex rallies 256.10 points, or 0.74%, to close at 34,969.70, while the Nifty 50 ended 74.50 points, or 0.70%, higher at 10,692.30.

27 Apr 2018, 02:45:00 PM IST

Market update: Sensex trades below 35,000

The Sensex is currently trading higher by 243.24 points, or 0.70%, to 34,956.84, while the Nifty 50 rises 72.05 points, or 0.68%, to 10,689.85.

27 Apr 2018, 02:36:00 PM IST

Maruti Suzuki India shares fall despite 10% rise in net profit

India’s top selling car maker Maruti Suzuki India Ltd posted a 10% rise in net profit for the fourth quarter on Friday, buoyed by strong sales volume growth. Profit for the January-March quarter rose to Rs1,882 crore from Rs1,711 crore a year earlier. Maruti Suzuki India shares were trading 1.99% down at Rs8,769.35 in the afternoon on BSE.

27 Apr 2018, 02:05:00 PM IST

Rupee trades flat against US dollar

The Indian rupee on Friday was trading little changed against US dollar as traders avoided taking long positions ahead of the long weekend. Money markets are closed on 30 April and 1 May due to Budha Jayanti and Maharashtra Day respectively. At 2pm, the home currency was trading at 66.78 against US dollar, down 0.04% from its Thursday’s close of 66.76. The rupee opened at 66.81 and touched a low of 66.84 a dollar.Yields on 10-year government bond stood at 7.761% from its previous close of 7.756%. Bond yields and prices move in opposite directions.

27 Apr 2018, 01:25:00 PM IST

Market update: Sensex crosses 35,000 mark, Nifty tops 10,700

The Sensex is currently trading higher by 294.97 points, or 0.85%, to 35,008.57, while the Nifty 50 rises 85.55 points, or 0.81%, to 10,703.35.

27 Apr 2018, 01:03:00 PM IST

Bandhan Bank shares rise 4%

At 1pm, Bandhan Bank shares were trading at Rs514.10 on BSE, up 4% from its previous close after the bank reported a 20.3% jump in its March quarter net profit due to higher net interest income and other income. Net profit for the quarter stood at Rs387.86 crore against Rs322.41 crore a year ago. Read more

27 Apr 2018, 12:42:00 PM IST

Shriram Asset Management shares fall by nearly 5%

Shriram Asset Management Co. Ltd losses widen in March quarter results. The company posted losses of Rs64 lakh in March against Rs47 lakh a year ago. Shriram Asset Management Co.’s shares were trading lower by 4.92% at Rs 83.05 on the BSE. (Reuters)

27 Apr 2018, 12:33:00 PM IST

Market update: Sensex rises over 230 points

The Sensex is currently trading higher by 234.98 points, or 0.68%, to 34,948.58, while the Nifty 50 rises 71.40 points, or 0.67%, to 10,689.20.

27 Apr 2018, 11:30:00 AM IST

Market update: Sensex, Nifty pare early gains

The Sensex is currently trading higher by 265.70 points, or 0.77%, to 34,979.30, while the Nifty 50 rises 72.80 points, or 0.69%, to 10,690.60.

27 Apr 2018, 11:22:00 AM IST

Nifty PSU bank index climbs over 5%

The Nifty PSU bank index climbed over 5%, its biggest intraday percentage gain since 5 April. It had lost 5.8% this month as of Thursday’s close. IT stocks, however, lost ground, with the Nifty IT index down 1.5%. (Reuters)

27 Apr 2018, 10:30:00 AM IST

Market update: Sensex, Nifty trade higher

The Sensex is currently trading higher by 260.05 points, or 0.75%, to 34,956.53, while the Nifty 50 rises 65.60 points, or 0.62%, to 10,683.40.

27 Apr 2018, 10:06:00 AM IST

Realty, Energy indices rise nearly 8%, IT, Teck indices fall

Seventeen of the 19 sector gauges compiled by BSE Ltd gained, paced by the S&P BSE Realty and BSE Energy indices which rose 1.8% each. BSE IT Index and BSE Teck indices fell 0.7% and 0.5% respectively.

27 Apr 2018, 09:57:00 AM IST

Banks stocks gain: ICICI advances nearly 3.5%, SBI 4%

After falling 3% in opening trade, Axis Bank rebounded and surged nearly 5% as it said asset quality is expected to normalize in 2018-19. The bank reported its first ever loss since listing to Rs2,189 crore in March quarter as it made higher provisions for its bad loans. Other banks gains too. ICICI Bank Ltd advanced 3.4%, State Bank of India added 4%, Yes Bank 1%, Punjab National Bank 1.4%.

27 Apr 2018, 09:52:00 AM IST

Brent crude shed 22 cents to $73.66 per barrel

Benchmark US crude fell 22 cents to $67.87 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 14 cents on Thursday to close at $68.19. Brent crude, used to price international oils, shed 22 cents to $73.66 per barrel in London. It jumped 65 cents the previous session to $73.88. (AP)

27 Apr 2018, 09:48:00 AM IST

Asian stocks follow Wall Street higher after strong results

Asian stock markets followed Wall Street higher on Friday after reports of strong U.S. earnings, as investors watched the inter-Korean summit. The Shanghai Composite Index sank 0.7% to 3,052.32, but Tokyo’s Nikkei 225 rose 0.5% to 22,441.28. Hong Kong’s Hang Seng advanced 0.1% to 30,042.83 and Seoul’s Kospi added 0.5% to 2,486.82. Sydney’s S&P-ASX 200 climbed 0.3% to 5,930.50. Benchmarks in New Zealand, Taiwan and Southeast Asia also rose. (AP)

27 Apr 2018, 09:42:00 AM IST

Market update: Sensex, Nifty trade higher

The 30-share S&P BSE Sensex is currently trading higher by 260.05 points, or 0.75%, to 34,973.65, while the Nifty 50 of the National Stock Exchange (NSE) rises 76.25 points, or 0.72%, to 10,694.05.

27 Apr 2018, 09:38:00 AM IST

Axis Bank shares rise 4%

Axis Bank rose 4% to Rs512.75. The bank posted a shock loss of Rs2,189 crore in the January-March quarter, its first quarterly loss ever, as the private sector lender made heavy provisions against bad loans. The bank, though, said asset quality is expected to normalize in 2018-19.

27 Apr 2018, 09:34:00 AM IST

Yes Banks shares gain nearly 5%

Yes Bank extended its gains, with gaining nearly 4.6% to Rs365 after better then expected earnings. The bank 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 Rs1,179.44 crore against Rs914.12 crore a year ago. According to 21 Bloomberg analysts’ estimates, the bank was expected to post a profit of Rs1,085.40 crore.

27 Apr 2018, 09:29:00 PM IST

Reliance Industries shares rise over 2% ahead of Q4 results

Reliance Industries Ltd rose 2.3% to Rs997.45 ahead of its March quarter earnings. According to 7 Bloomberg analyst estimates, the company may report a revenue of Rs1.16 trillion, while profit will be at Rs93.47 billion.

27 Apr 2018, 09:23:00 AM IST

Maruti Suzuki India shares rise 1% ahead of Q4 results

Maruti Suzuki India Ltd rose 1% to Rs9,013 ahead of its March quarter earnings. According to 28 Bloomberg analyst estimates, the company may report a revenue of Rs2,0975.40 crore while profit will be at Rs2,085.50 crore.

27 Apr 2018, 09:18:00 AM IST

Rupee opens flat against US dollar

The Indian rupee on Friday opened weaker, but soon pared its losses and traded little changed against US dollar as traders avoided taking long positions ahead of the long weekend. Money markets are closed on 30 April and 1 May due to Budha Jayanti and Maharashtra Day respectively. The rupee opened at 66.81 and touched a low of 66.84 a dollar. At 9.15am, the home currency was trading at 66.78 against US dollar, down 0.04% from its Thursday’s close of 66.76.Yields on 10-year government bond stood at 7.744% from its previous close of 7.756%. Bond yields and prices move in opposite directions.

Close