Home > Markets > Live Blog > Sensex rallies near 1,000 points, Nifty holds 9,800; Tata Motors soars 20%
Benchmark indices BSE Sensex and NSE’s Nifty 50 traded higher on Monday, following positive cues from global markets. Photo: Mint
Benchmark indices BSE Sensex and NSE’s Nifty 50 traded higher on Monday, following positive cues from global markets. Photo: Mint

Sensex rallies near 1,000 points, Nifty holds 9,800; Tata Motors soars 20%

  • Nifty Metal, Auto end firm. Nifty Bank up over 2%
  • BSE MidCap, BSE SmallCap gain 1-1.5%

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30 Apr 2020, 03:35:08 PM IST

Market closing bell

Indian equity market surged for the fourth straight session and ended the week on a positive note, primarily driven by auto and metal stocks that gained due to hopes of improvement in demand as major world economies started resuming business activities and lifting restrictions imposed in the wake of the coronavirus pandemic. Heavyweight Reliance Industries also contributed to today's rally, closing 2.6% higher.

This week Sensex has gained nearly 2,400 points, with the index advancing 997.46 points, or 3.1%, to close at 33,717.62, while Nifty 50 settled 306.55 points, or 3.2%, higher at 9,859.90. Markets are shut on 1 May (Friday) due to Maharashtra Day.

Tata Motors was the best Nifty performer today, with the stock climbing nearly 20%, followed by UPL, ONGC and Vedanta.

30 Apr 2020, 03:22:30 PM IST

Nifty Metal, IT, Auto best performers

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30 Apr 2020, 03:19:48 PM IST

Future Lifestyle appoints Vishnuprasad M as MD

The fashion retail company has appointed chief executive officer (CEO) Vishnuprasad M as managing director of the company, effective 30 April till 19 December, 2021, subject to the approval of the shareholders. The stock advanced 4% to 155.80 on the BSE.

30 Apr 2020, 03:14:50 PM IST

VE Commercial Vehicles to resume operations

VE Commercial Vehicles, an Eicher Motors and Volvo Group joint venture, has received required government permissions to restart manufacturing operations in Madhya Pradesh. The company can restart operations with 25-30% workforce only.

30 Apr 2020, 02:59:13 PM IST

BSE SmallCap rises over 1%

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30 Apr 2020, 02:57:16 PM IST

JSW Energy, Bharat Forge lead BSE Midcap

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30 Apr 2020, 02:53:49 PM IST

Most Sensex constituents in the green

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30 Apr 2020, 02:52:20 PM IST

Rupee appreciates further

The Indian rupee ended 57 paise higher at 75.10 against the US dollar, compared with Wednesday's close of 75.67.

30 Apr 2020, 02:23:36 PM IST

Cadila to divest 49% stake in Windlas Healthcare

The pharmaceutical company's board has approved the sale of 2.3 crore equity shares, or 49% stake, of Rs10 each fully paid‐up, of Windlas Healthcare to Windlas Biotech. Shares of Cadila Healthcare were down a marginal 0.5% at 324.90 on the BSE.

30 Apr 2020, 02:12:31 PM IST

French, Spanish GDP suffer record contractions

The French and Spanish economies plunged into record contractions and German unemployment climbed more than expected amid virus shutdowns that are pushing Europe into its deepest recession of the postwar era. France shrank 5.8%, the most since 1949 and Spain suffered a 5.2% drop in GDP. The figures highlight the dramatic effect of government-ordered shutdowns as just two weeks of closures and restrictions were sufficient to snuff out growth for the entire quarter. (Bloomberg)

30 Apr 2020, 01:37:30 PM IST

Nifty Pharma falls led by Lupin, Sun Pharma

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30 Apr 2020, 01:34:37 PM IST

Just Dial approves share buyback

The company has approved the proposal to buyback up to 3.1 million equity shares at a maximum price of 700 per share, for an aggregate amount of up to 220 crore. The stock traded 6.2% higher at 414.00 on the BSE.

30 Apr 2020, 01:28:22 PM IST

RBI extends SLF-MF benefits to all banks

The Reserve Bank of India (RBI) has extended regulatory benefits to all banks under its special liquidity facility (SLF) for mutual funds, till further notice. "Based on requests received from banks, it has now been decided that the regulatory benefits announced under the SLF-MF scheme will be extended to all banks, irrespective of whether they avail funding from the Reserve Bank or deploy their own resources under the above-mentioned scheme," RBI said.

30 Apr 2020, 01:15:56 PM IST

Nifty top gainers, laggards

Tata Motors, Hindalco, Hero MotoCorp, HCL Technologies and Vedanta were the top gainers on Nifty 50, while Sun Pharmaceutical, Hindustan Uniliver, Asian Paints, Cipla and BPCL fell the most.

30 Apr 2020, 01:13:03 PM IST

Nifty Metal adds over 4%

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30 Apr 2020, 12:50:39 PM IST

Nifty Auto jumps on China demand hopes

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30 Apr 2020, 12:49:14 PM IST

Tata Steel allots NCDs worth ₹1000 crore

The steel major has approved the allotment of unsecured redeemable non-convertible debentures worth 1,000 crore on private placement basis. The stock climbed 4.7% to 295.85 on the BSE.

30 Apr 2020, 12:44:46 PM IST

India's gold demand falls 36% Jan-Mar

Gold demand in India declined 36% in the January-March quarter of this year to 101.9 tonne due to volatile prices, economic uncertainties and coronavirus-induced nationwide lockdown towards the end of the quarter, according to a report. (PTI)

30 Apr 2020, 12:17:50 PM IST

Crude oil update

Oil advanced for a second day on signs that fuel consumption has started recovering in the world’s biggest economies, while global production cuts also begin to offset the demand destruction caused by the coronavirus outbreak. West Intermediate Texas (WTI) for June delivery rose 10% to $16.56 a barrel on the New York Mercantile Exchange as of 7:39 a.m. in London after jumping 22% on Wednesday. (Bloomberg)

30 Apr 2020, 12:10:44 PM IST

RIL Q4: ARPU dilution from Jiophone key concern

Reliance Industries will see its fiscal 2020 March quarter earnings take a hit, especially those of its petrochem and retail business, but the profitability of its telecom venture--Reliance Jio Infocomm--will likely be the least hurt. As the company announces Q4 results later today, Jio's average revenue per user (ARPU) impact over the past quarter will be keenly watched.

30 Apr 2020, 11:50:07 AM IST

KEC International restarts operations

The engineering procurement and construction company has partially resumed operations/despatches at all five factories in the country. Shares of the company rose 3.9% to 194.05 on the BSE.

30 Apr 2020, 11:39:34 AM IST

Nifty Bank gains nearly 4%

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30 Apr 2020, 11:13:45 AM IST

Must reopen economy quickly: Raghuram Rajan

Former Reserve Bank of India (RBI) governor Raghuram Rajan, in a conversation with Congress' Rahul Gandhi, on Thursday, said India needs to open up its economy in a measured way but as quickly as possible in order to save jobs. In a video conference, Rajan told Gandhi that the country also needs to spend 65,000 crore to support the poor--hit the hardest by the covid-19 pandemic-- and suggested empowering local bodies was key to ensuring good governance.

30 Apr 2020, 11:09:57 AM IST

Most BSE SmallCap stocks edge higher

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30 Apr 2020, 11:08:53 AM IST

BSE MidCap up about 2%

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30 Apr 2020, 10:54:14 AM IST

Reliance Industries rallies over 3%

Shares of the Mukesh Ambani-led conglomerate surged 3.2% to 1471.20 on the BSE ahead of the release of the company's March quarter earnings.

30 Apr 2020, 10:45:56 AM IST

Motherson Sumi surges over 10%

Shares of Motherson Sumi Systems jumped 10.6% to 90.00 on. the BSE after global research firm Morgan Stanley maintained its overweight call on the stock with a target at 103 per share.

30 Apr 2020, 10:36:58 AM IST

Glenmark Pharma gets DCGI nod

The pharmaceutical company said it has received approval from the Indian drug regulator, Drug Controller General of India (DCGI), to conduct clinical trials on Favipiravir Antiviral tablets on covid-19 patients. Shares of the firm advanced 4.9% to 346.00 on the BSE.

30 Apr 2020, 10:30:57 AM IST

Rupee opens higher

The Indian rupee opened 51 paise higher at 75.16 against the US dollar compared with Wednesday's close of 75.67.

30 Apr 2020, 10:11:38 AM IST

All Nifty sectors in the green

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30 Apr 2020, 10:09:45 AM IST

HUL, Sun Pharma only laggards on Sensex

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30 Apr 2020, 10:05:25 AM IST

Market opening bell

India equities rose for the fourth straight day, tracking the rally in global markets, where investors pinned their hopes to a potential covid-19 treatment. At home, auto, metal and bank stocks drove the bechmark Sensex and Nifty higher. Tata Motors was the top performer at open, rallying more than 10%. While Sensex gained 651.07 points, or 2%, to 33,371.23, the Nifty 50 index firmed up 185.45 points, or 1.9%, to 9,738.80.

30 Apr 2020, 09:16:49 AM IST

Lupin receives USFDA EIR for Pithampura plant

The pharmaceutical major has received Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for its Pithampur Unit-1 facility. The plant was inspected during 3-11 February and was concluded with two observations. Shares of the company had ended up 3% at 880.00 on the BSE Wednesday.

30 Apr 2020, 08:59:06 AM IST

Stocks to watch today

Reliance Industries will announce it earnings for the quarter-ended March today. Hindustan Unilever, Wipro, Tata Motors, M&M Financial Services and Bharti Airtel may also be in focus.

30 Apr 2020, 08:57:02 AM IST

Crude oil prices extend rally

Oil prices continued their bull run on Thursday after US data showed improving demand and stockpiles rising less than expected, in a boost for markets ravaged by the coronavirus pandemic. The US benchmark West Texas Intermediate (WTI) rose about 12% to $16.89 a barrel in Asian trade. Brent crude, the international marker, was up more than 10% at $24.91.

30 Apr 2020, 08:49:59 AM IST

US tech firms report robust earnings

Google parent Alphabet Inc jumped 8.9% after the company reported steady advertising sales and a 13% year-on-year revenue increase. Facebook Inc rose about 8%, whiles shares of both Microsoft Corp and Tesla Inc gained nearly 2% in after-market trading following their earnings reports. (Reuters)

30 Apr 2020, 08:47:37 AM IST

Dow Jones, S&P 500 near all-time highs

The Dow Jones Industrial Average rose 532.31 points, or 2.21%, to 24,633.86, the S&P 500 gained 76.12 points, or 2.66%, to 2,939.51 and the Nasdaq Composite added 306.98 points, or 3.57%, to 8,914.71.

30 Apr 2020, 08:35:53 AM IST

US stocks rocket on hopes of covid-19 drug

Key Wall Street stocks surged on Wednesday due to hopes of an effective covid-19 treatment, helping investors shrug off bleak GDP data and words of warning from the US Federal Reserve Chair Jerome Powell. Big tech companies provided the biggest lift to the S&P 500 and the Nasdaq, and pushed all three major US stock averages closer to their all-time highs reached in February. The US Fed left key interest rates near zero at the conclusion of its two-day monetary policy meeting, with Powell warning that the country's economy will drop at an "unprecedented rate" in the current quarter.

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