Sensex today ended 196 points higher at 36,063
 Sensex today ended 196 points higher at 36,063

Sensex rises nearly 200 points; midcap, smallcap stocks surge

  • The broader benchmark Nifty settled above 10,850
  • Banking, metal, auto and IT stocks led the gains

Indian markets closed higher today as investors stepped up purchases amid signs that tensions with Pakistan were cooling. Pakistan had on Thursday said that it will release captured Indian Air Force (IAF) pilot Abhinandan Varthaman as a gesture of "peace". Markets had taken a beating earlier this week, falling for three sessions, amid heightened tension between the two neighbours.

The Sensex today ended 196 points higher at 36,063 while broader Nifty settled 0.66% higher 10,863, driven by gains in banking stocks.

The broader markets continued their outperformance for third straight session with BSE midcap and smallcap ending with gains of 1.3% and 2.1%. 

"The Indian equity benchmark indices registered healthy gains led by signs of de-escalation of geopolitical tensions between India-Pakistan and supportive global cues," said Jayant Manglik, president of retail distribution at Religare Broking.

"We expect markets to remain volatile in the near term. Signs of de-escalation of tensions between India and Pakistan is encouraging for Indian markets. However, any negative news on this front going forward would keep the markets volatile. Globally, progress on US-China trade war, crude oil and currency movement would be actively tracked by the investors," he added.

Among the sectors, broad-based buying was witnessed across all sectors with metals, capital goods and banking ending as top gainers.

Among the Sensex stocks, IndusInd Bank, Yes Bank, Vedanta, Hero MotoCorp, Coal India and Maruti rose between 1.5% and 3%. Among the major losers, Bharti Airtel lost 3.5%, Asian Paints 1.2% and Bajaj Auto 1.16%. 

01 Mar 2019, 03:01:12 PM IST

Maruti Suzuki shares up 1.5%

Shares of the automaker were up 1.5% at 6,948 after the carmaker said that domestic sales were up marginally at 1,39,100 units last month as against 1,37,900 units in the year ago month. But total sales of Maruti Suzuki declined marginally to 1,48,682 units in February as compared to 1,49,824 units in the same month last year.

01 Mar 2019, 02:51:56 PM IST

Yes Bank shares extend gains,

Yes Bank today Ravneet Gill has taken charge as its MD and CEO with immediate effect for a tenure of three years. "Ravneet Gill has joined Yes Bank as MD & CEO today. His tenure as approved by RBI is 3 years from the date of his joining, i.e. March 1, 2019 to February 28, 2022," Yes Bank said in a regulatory filing. Shares were up around 3% at 237.55 in afternoon tra

01 Mar 2019, 11:20:37 AM IST

Motherson Sumi Systems shares flat

Motherson Sumi Systems on Thursday announced acquisition of Bombardier’s UK rolling stock electrical component and systems business. Shares were flat at 161.50 in noon trade.

01 Mar 2019, 10:36:40 AM IST

Yes Bank shares up 2%

Shares of Yes Bank were up 2% at 235.65 in early noon trade. Deutsche Bank AG veteran Ravneet Gill takes over as the CEO of the private lender today, Bloomberg reported.  

01 Mar 2019, 10:16:20 AM IST

Nalco shares rise after dividend announcement

The board of Nalco today approved an interim dividend of 4.50 per share (90% on face value of 5 each) for the financial year 2018-19. The board also fixed 12 March 2019 as the record date for dividend payment. 

01 Mar 2019, 10:00:22 AM IST

SBI Life shares rebound

Shares of SBI Life Insurance rebounded strongly after falling as much 12% post a bulk deal. SBI Life Insurance shares were up 5% in 611.45.

01 Mar 2019, 09:34:07 AM IST

Jet Airways shares rise 5%

Jet Airways India Ltd rose 5% to 233.40 after Mint, citing a person familiar with the matter, reported that its founder Naresh Goyal has agreed to step down from the airline’s board as its chairman as part of a plan to secure a rescue deal for the cash-strapped company.

01 Mar 2019, 09:32:43 AM IST

SBI Life Insurance slumps 12% after huge block deal

SBI Life Insurance Co Ltd fell 12% to 510 on BSE after a huge block deal. Around 8.85 crore shares or 7.9% stake of the company changed hands in 35 block deals. But shares later recouped some of the losses and were down about 5%.

01 Mar 2019, 09:08:19 AM IST

Naresh Goyal agrees to step down as Jet chairman

Jet Airways (India) Ltd’s founder Naresh Goyal has agreed to step down from the airline’s board as its chairman as part of a plan to secure a rescue deal for the cash-strapped company, Mint reported a person familiar with the matter said.

01 Mar 2019, 09:05:46 AM IST

Bharti Airtel to raise ₹32,000 crore

The board of Bharti Airtel Ltd, the country’s second largest telecom operator, on Thursday approved the raising of 32,000 crore through a rights issue to shareholders and by selling foreign currency denominated bonds to pare debt and expand its network.

01 Mar 2019, 09:01:32 AM IST

Oil rises on OPEC supply cuts, but surging US output and economic slowdown weigh


Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging US supply and a global economic slowdown prevented crude from climbing further.

U.S. West Texas Intermediate (WTI) crude oil futures were at $57.45 per barrel at 0116 GMT, up 23 cents, or 0.4 percent, from their last settlement.

International Brent crude futures were at $66.55 per barrel, up 24 cents, or 0.4 percent.

Traders said oil markets were currently tightening.

Close