OPEN APP
Home >Market >Stock-market-news >Market wrap: Sensex, Nifty end higher in choppy trade, TCS lifts tech stocks
The BSE Sensex was trading higher on Monday on buying led by key frontline shares in IT, Teck, realty, healthcare, telecom, energy and auto sectors, despite weak Asian cues. Photo: Bloomberg
The BSE Sensex was trading higher on Monday on buying led by key frontline shares in IT, Teck, realty, healthcare, telecom, energy and auto sectors, despite weak Asian cues. Photo: Bloomberg

Market wrap: Sensex, Nifty end higher in choppy trade, TCS lifts tech stocks

The BSE Sensex closed at an over 2-month high of 34,450.77 in choppy trade on Monday on steady buying in realty, healthcare, consumer durables and IT sectors. Here are the main highlights from the markets today

MUMBAI : Mumbai: The BSE Sensex rose 35 points to close at an over two-month high of 34,450.77 in choppy trade on Monday on steady buying in realty, healthcare, consumer durables and IT sectors. The 30-share Sensex resumed higher at 34,493.69 but quickly slipped to 34,259.27 on profit booking and weak Asian cues. It bounced back to touch a high of 34,663.95 as TCS saw heavy buying, before finally ending at 34,450.77, showing a gain of 35.19 points, or 0.10%. This is its highest closing since 5 February when it had ended at 34,757.16. The broader NSE Nifty touched a high of 10,638.35 before settling at 10,584.70—up 20.65 points, or 0.20%. Intra-day, it hit a low of 10,514.95. Tata Consultancy Services (TCS) touched the $100 billion market capitalisation mark intra-day, but ended the session a tad lower. Here are the major highlights from the markets today:

23 Apr 2018, 03:36:00 PM IST

Closing bell: Sensex, Nifty end higher

The BSE Sensex closed marginally higher by 35.19 points, or 0.10%, to 34,450.77, while the NSE Nifty 50 ended the day at 10,584.70.

23 Apr 2018, 03:05:00 PM IST

Market update

The BSE Sensex is currently trading higher by 105.72 points, or 0.31%, to 34,521.30, while the NSE Nifty 50 rises 48.20 points, or 0.46%, to 10,612.25.

23 Apr 2018, 02:18:00 PM IST

Market update

The BSE Sensex is currently trading higher by 122.43 points, or 0.36%, to 34,538.01, while the NSE Nifty 50 rises 50.55 points, or 0.48%, to 10,614.60.

23 Apr 2018, 02:12:00 PM IST

Rupee weakens against dollar

The Indian rupee on Monday weakened for the sixth consecutive session, its longest losing streak since May 2016, as foreign investors continued to liquidate in local equity and debt markets. At 2.10pm, the rupee was trading at 66.36 against US dollar, down 0.37% from its Friday’s close of 66.11. The rupee opened at 66.22 and touched a low of 66.37 a dollar—a level last seen on 10 March 2017.Yields on 10-year government bond stood at 7.722% from its previous close of 7.718%. Bond yields and prices move in opposite directions.

23 Apr 2018, 01:50:00 PM IST

Market update: IT, auto, telecom stocks lead

The shares of IndusInd Bank, TCS, Infosys, Yes Bank, M&M, Adani Ports, Sun Pharma, Bharti Airtel, and Wipro, were major gainers on the BSE, while the shares of ITC, NTPC, Hero MotoCorp, ICICI Bank traded lower.

23 Apr 2018, 01:32:00 PM IST

Market update: Sensex, Nifty extend gains

The BSE Sensex is currently trading higher by 202.28 points, or 0.59%, to 34,617.86, while the NSE Nifty 50 rises 67.80 points, or 0.64%, to 10,631.85.

23 Apr 2018, 01:19:00 PM IST

Berger Paints to invest Rs 200 crore in an integrated paint plant in UP

Berger Paints on Monday said its board has approved an investment of Rs 200 crore to set up an integrated paint manufacturing plant in Uttar Pradesh. “The board of directors of the company has approved installation of an integrated paint plant with water and solvent-based decorative, industrial and protective coatings, resin, putty, emulsion and construction chemical manufacturing capabilities at an investment of about Rs 200 crore at Sandila Industrial Area in Uttar Pradesh (UP),” the company said in a BSE filing. “Subject to all required consents and approvals, the project is likely to be completed by the end of the financial year 2019-20,” it added. Shares of Berger Paints were trading 0.09% lower at Rs 268.80 on the BSE. (PTI)

23 Apr 2018, 12:49:00 PM IST

Lupin shares rise over 1%

Lupin Ltd rises 1.15% to Rs 807.50 on the BSE Sensex. The company has received US FDA nod for generic Xenazine tablets, 12.5mg and 25mg, according to Reuters.

23 Apr 2018, 12:37:00 PM IST

Mishra Dhatu Nigam shares fall over 2% on profit booking

Mishra Dhatu Nigam Ltd fell 2.3% to Rs 167 on profit booking.The stock gained for eight consecutive sessions and surged nearly 46% in that period. The stock was listed on 4 April.

23 Apr 2018, 12:28:00 PM IST

Market update: Sensex rises over 140 points

The 30-share S&P BSE Sensex is currently trading higher by 142.07 points, or 0.41%%, to 34,557.65, while the Nifty 50 of the National Stock Exchange (NSE) rises 50.65 points, or 0.48%, to 10,614.70.

23 Apr 2018, 12:23:00 PM IST

LIC Housing Finance shares rise 1.3% ahead of March quarter earnings

LIC Housing Finance Ltd rose 1.3% to Rs 547 ahead of its March quarter earnings. According to 10 Bloomberg analyst estimates, it may report a net profit of Rs 527 crore.

23 Apr 2018, 12:14:00 PM IST

Reliance Naval and Engineering shares fall over 5% after Q4 results

Reliance Naval and Engineering Ltd fell 5.2% to Rs 27 ahead of its March quarter earnings. The company today reported widening of standalone loss at Rs 408.6 crore for the quarter ended 31 March, 2018. The company was formerly known as Reliance Defence and Engineering Ltd and had posted a loss of Rs 139.92 crore in the year-ago period, it said in a BSE filing. Standalone total income in January-March 2017-18 dropped sharply to Rs 34.7 crore from Rs 250.8 crore. However, total expenses increased to Rs 249.3 crore over Rs 223 crore.

23 Apr 2018, 11:52:00 AM IST

Bhushan Steel shares fall 6%

Bhushan Steel Ltd fell 6% to Rs 33.65 after Bloomberg reported that NCLT allowed Liberty House to Bid for Bhushan Power.

23 Apr 2018, 11:28:00 AM IST

Market update: Sensex, Nifty trade higher

The 30-share S&P BSE Sensex is currently trading higher by 91.61 points, or 0.27%%, to 34,507.19, while the Nifty 50 of the National Stock Exchange (NSE) rises 37.55 points, or 0.36%, to 10,601.60.

23 Apr 2018, 11:12:00 AM IST

Asian shares mostly lower, tracking tech sell-off on Wall Street

Shares were mostly lower in Asia on Monday following Friday’s steep slide in technology shares on Wall Street. Tokyo’s Nikkei 225 fell 0.3% to 22,091.73 and South Korea’s Kospi shed 0.2% to 2,471.25. Hong Kong’s Hang Seng declined 0.4% to 30,288.71 and the Shanghai Composite index dropped 0.2% to 3,064.80. Australia’s S&P ASX 200 advanced 0.4% to 5,889.30. Shares were higher in Singapore but fell in Indonesia and Thailand. (AP)

23 Apr 2018, 11:03:00 AM IST

Currency market update

The dollar rose to 107.78 yen from 107.64 yen on Friday. The euro fell to $1.2274 from $1.2290. The pound rose to $1.4019 from $1.4001. (AP)

23 Apr 2018, 10:56:00 AM IST

Brent crude traded flat on Friday

Benchmark US crude lost 7 cents to $68.33 per barrel in electronic trading on the New York Mercantile Exchange. On Friday it gained 7 cents to settle at $68.40 per barrel. Brent crude, used to price international oils, was flat at $74.06 per barrel. It added 28 cents per barrel in London on Friday.

23 Apr 2018, 10:49:00 AM IST

Losses in technology stocks weighed on US stocks on Friday

Losses in technology, retailers, packaged foods and beverage makers weighed on US stocks on Friday, pulling the market lower for a second day in a row. The S&P 500 index fell 0.9% to 2,670.14. The Dow Jones industrial average slid 0.8% to 24,462.94. The Nasdaq composite lost 1.3% to 7,146.13 and the Russell 2000 index of smaller-company stocks gave up 0.6%, to 1,564.12. For every stock that rose on the New York Stock Exchange, two declined, though the indexes finished the week with gains. (AP)

23 Apr 2018, 10:40:00 AM IST

Market update: Sensex back in the green, Nifty rises over 45 points

The 30-share S&P BSE Sensex is currently trading higher by 137.53 points, or 0.40%, to 34,553.11, while the Nifty 50 of the National Stock Exchange (NSE) rises 45.95 points, or 0.43%, to 10,610.00.

23 Apr 2018, 10:22:00 AM IST

HDFC shares climb 1.17%

HDFC shares climbed 1.17%, to Rs 1,984, in early trade after it posted 20.3% growth in its standalone net profit at Rs 4,799.3 crore for the quarter ended on 31 March, 2018, compared to a year ago period. Standalone total income for the quarter ended 31 March, 2018 was Rs 25,549.7 crore, up from Rs 21 ,560.7 crore for the quarter ended on 31 March, 2017, HDFC said in a statement Saturday.

23 Apr 2018, 10:16:00 AM IST

TCS shares rise 2.65%, IT giant crosses $100 billion market cap

Tata Consultancy Services Ltd (TCS), nation’s largest information technology (IT) services firm, become the first Indian company to cross $100 billion market capitalisation milestone. The recent surge in TCS shares was triggered by better than expected earnings reported on Thursday after 13 quarters of under-performance. TCS announced bonus of 1:1 and recommended a final dividend of Rs 29 a share also improved sentiment.TCS shares rose 2.65% on Monday to Rs 3,496 on the BSE.

23 Apr 2018, 10:08:00 AM IST

Indian Hume Pipe Co. shares rise 6% after MP govt order

Indian Hume Pipe Co. Ltd rose 6% to Rs 364 after the company said it got Rs 578.50 crore order from Madhya Pradesh Jal Nigam Maryadit.

23 Apr 2018, 10:02:00 AM IST

Cipla’s shares falls 1%, Unichem Laboratories shares rise 8%

Cipla Ltd fell 1% to Rs 583 after the company said its Pithampur plant gets three observations from U.S. FDA.Unichem Laboratories Ltd rose 8% to Rs 280.30 after the company said U.S. FDA concludes the inspection of its Ghaziabad facility with no observations.

23 Apr 2018, 09:52:00 AM IST

Infosys shares falls over 1%

Infosys Ltd fell 1.33% to Rs 1,162.55. According to Mint report, FII’s have trimmed its holding in the company from last 12 months. At least three of the company’s long-standing foreign investors, including Oppenheimer Developing Market Fund, Abu Dhabi Investment Authority, and the government of Singapore, have pared their holdings, even as FII holding in Infosys dropped to 35.24% at the end of March 2018 as against 38.31% at the end of March 2017, according to the company’s shareholding pattern.

23 Apr 2018, 09:48:00 AM IST

ICICI Bank shares fall over 2%

ICICI Bank fell 2.2% to Rs 275.80 after a PTI report said Securities and Exchange Board of India plans to get a forensic examination done on the financial statements and disclosures made by ICICI Bank in the last few years amid a controversy over alleged conflict of interest involving the lender’s CEO Chanda Kochhar and her husband.

23 Apr 2018, 09:32:00 AM IST

Rupee falls for 6th session, down 4 paise against dollar

The Indian rupee on Monday weakened for the sixth consecutive session, its longest losing streak since May 2016, as foreign investors continued to liquidate in local equity and debt markets. At 9.15am, the home currency was trading at 66.16 against US dollar, down 0.07% from its Friday’s close of 66.11. The rupee opened and touched a low of 66.22 a dollar.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
×
Edit Profile
My Reads Redeem a Gift Card Logout