Share Market highlights: Sensex ends 83 points up, Nifty above 10,800; Tata Steel, Bajaj Finance top gainers

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Updated:Sep 18, 2019 3:42:33 pm

Share Market highlights: The headline indices Sensex and Nifty receded from highs on Wednesday afternoon.

sensex, bse, nseThe Sensex was up 180 points to 36,659, while the Nifty was trading near the 10,900-mark.

Share Market highlights: The headline indices Sensex and Nifty receded from highs on Wednesday afternoon. The Sensex closed 83 points up at 36,563.88, while the Nifty closed near the 10,850-mark at 3.30 pm. Tata Steel, VEDL shares were the biggest gainers, jumping up to 2.5%. Oil prices extended their losses from the previous session on Wednesday, after Saudi Arabia’s energy minister said the Kingdom will restore lost oil production by the end of the month. But investors remained cautious of potential tension in the Middle East after the United States said it believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran. Iran has denied involvement in the strikes, Reuters reported. We bring to you highlights.

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Highlights

    15:42 (IST)18 Sep 2019
    BSE live: Sensex ends 83 points up, Nifty above 10,800; Tata Steel, Bajaj Finance top gainers

    The headline indices Sensex and Nifty receded from highs on Wednesday afternoon. The Sensex closed 83 points up at 36,563.88, while the Nifty closed near the 10,850-mark at 3.30 pm. Tata Steel, VEDL shares were the biggest gainers, jumping up to 2.5%. A look at LIVE Sensex heatmap.

    15:15 (IST)18 Sep 2019
    ITC, Godfrey Phillips shares rise after FM announces e-cigarettes ban

    Shares of tobacco majors ITC, Godfrey Phillips rose as much as 5% after FM announced e-cigarettes ban.  ITC shares are higher by 2% to Rs 241.30 

    Check live stock price: ITC

    14:08 (IST)18 Sep 2019
    Credit profile of Indian IT services companies to remain stable: ICRA

    The profitability of IT services companies declined during the first quarter of the current financial year, on account of higher employee expenses especially onsite led by fresh hiring, sub-contracting cost and cross currency movements, rating agency ICRA sid. Employee expense increased to 61.7 per cent in Q1FY2020 from 59.8 per cent in Q1 FY2019 for ICRA’s sample of 13 companies.

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    13:55 (IST)18 Sep 2019
    Bajaj Finance share price surges after Rs 8,500 crore QIP approval; key things

    Shares of Bajaj Finance surged in trade on Wednesday morning, after the firm said that it has received board approval for its proposed QIP (qualified institutional placement) to raise up to Rs 8,500 crore. Bajaj Finance share price surged more than 3% to hit the day’s high at Rs 3,464 on BSE. Bajaj Finance said that it will raise up to Rs 8,500 crore through qualified institutional placement (QIP) by issuing equity shares. The board approval is subject to shareholders’ nod to be sought through a postal ballot, the firm added.

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    11:23 (IST)18 Sep 2019
    BSE live: Sensex off highs, Nifty above 10,800; Tata Steel, Bajaj Finance top gainers

    The headline indices Sensex and Nifty receded from highs in the late morning trade on Wednesday. The Sensex was up 29 points to 36,510, while the Nifty was trading near the 10,800-mark at 11.10 am. Tata Motors, Bajaj Finance shares were the biggest gainers, jumping up to 2.5%. A look at LIVE Sensex heatmap.

    11:05 (IST)18 Sep 2019
    Bajaj Finance share price surges after Rs 8,500 crore QIP approval; key things

    Shares of Bajaj Finance surged in trade on Wednesday morning, after the firm said that it has received board approval for its proposed QIP (qualified institutional placement) to raise up to Rs 8,500 crore. Bajaj Finance share price surged more than 3% to hit the day's high at Rs 3,464 on BSE. Bajaj Finance said that it will raise up to Rs 8,500 crore through qualified institutional placement (QIP) by issuing equity shares. The board approval is subject to shareholders' nod to be sought through a postal ballot, the firm added.

    Track live stock price: Bajaj Finance

    10:16 (IST)18 Sep 2019
    Attacks on Saudi Arabia’s oil facilities have global consequences, says US official

    The attacks on Saudi Arabia’s oil facilities have global consequences and the UN must play its part to address threats to international peace, a senior Trump administration official has said, as US Secretary of State Mike Pompeo left for Jeddah for talks with the top Saudi leadership. Saudi Arabia, a key American ally, leads a military coalition that has been battling the Iran-aligned Huthi rebels in Yemen since 2015. The Huthis claimed responsibility for Saturday’s two attacks on Saudi Arabian facilities, which halved oil output in Saudi Arabia, the world’s top crude exporter.

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    09:53 (IST)18 Sep 2019
    GST rebates, stamp duty cut needed for realty sector, says Niranjan Hiranandani

    Amid slowdown that is impacting all sectors in the country, Niranjan Hiranandani, president, NAREDCO (National Real Estate Development Council), and managing director at Hiranandani Group, tells FE’s Mitali Salian and Shubhra Tandon that stress in real estate is much deeper than what meets the eye given the large unorganised nature of the business.

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    09:52 (IST)18 Sep 2019
    Oil extends losses after Saudi Arabia to restore output by end-September

    Oil prices extended their losses from the previous session on Wednesday, after Saudi Arabia’s energy minister said the Kingdom will restore lost oil production by the end of the month. But investors remained cautious of potential tension in the Middle East after the United States said it believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran. Iran has denied involvement in the strikes.

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    09:52 (IST)18 Sep 2019
    Gold prices steady amid cautious mood, focus shifts to Fed

    Gold prices were little changed on Wednesday as investors maintained a cautious stance ahead of the conclusion of U.S. Federal Reserve’s two-day meeting, where policymakers are expected to cut interest rates. Spot gold was steady at $1,501.91 per ounce, as of 0100 GMT.  U.S. gold futures were down 0.3% at $1,508.8 per ounce.

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    09:22 (IST)18 Sep 2019
    BSE live: Sensex extends gains, Nifty near 10,900; Bajaj Finance, Yes Bank top gainers

    The headline indices Sensex and Nifty opened higher on Wednesday morning, tracking mixed global cues. The Sensex was up 180 points to 36,659, while the Nifty was trading near the 10,900-mark at 9.20 am. Yes Bank, Bajaj Finance shares were the biggest gainers, jumping up to 2.5%. A look at LIVE Sensex heatmap.

    09:12 (IST)18 Sep 2019
    Oil on boil: Markets crash for second successive day

    Stocks crashed for the second straight session on Tuesday and the rupee lost ground with investors apprehensive high crude oil prices could further stall the economy; India’s GDP growth slowed to a 25-quarter low of 5% y-o-y in Q1FY20. Foreign portfolio investors continued to pare their holdings, selling close to $113 million worth of equities. In September so far, they have sold $636.59 million. India has witnessed the highest foreign outflow at $4.8 billion among emerging markets since July, followed by an outflow of $1.7 billion from Taiwan.

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    08:57 (IST)18 Sep 2019
    CG Power probe: Sebi bans Gautam Thapar from markets

    The Securities and Exchange Board of India (Sebi) in an order on Tuesday restrained Gautam Thapar, VR Venkatesh, Madhav Acharya and B Hariharan from accessing the securities market, prohibiting them from buying, selling or otherwise dealing in securities in any manner. The markets regulator has also restrained them from being associated with any intermediary registered with the Sebi or any listed entity or its material unlisted subsidiary, till further orders. The order also stated that BSE shall appoint an independent auditor/audit firm for conducting a detailed forensic audit of the books of accounts of CG Power from the financial year 2015-16 onwards till date.

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    08:55 (IST)18 Sep 2019
    Global markets: Oil recedes on Saudi supply reassurance, investor focus shifts to Fed

    Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities although caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges. U.S. Treasury yields slipped ahead of an expected interest rate cut by the Federal Reserve at its two-day policy meeting on Wednesday.

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    08:47 (IST)18 Sep 2019
    Bajaj Finance gets board mod for Rs 8,500 crore QIP

    Bajaj Finance on Tuesday received board approval to raise Rs 8,500 crore through a qualified institutional placement (QIP), the company informed the stock exchanges. “Further, for the purpose of giving effect to the above, the Board of Directors has also authorised a Special Committee of the Board to decide, inter alia, the terms and conditions of the proposed QIP, and an Allotment Committee, inter alia, for allotment of Equity Shares and/or Eligible Securities, pursuant to the QIP,” Bajaj Finance said.

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    08:46 (IST)18 Sep 2019
    PSU disinvestment: Open to closure of MMTC, STC and PEC, says Piyush Goyal

    The government is considering the closure or merger of three state-owned trading agencies — State Trading Corporation (STC), MMTC and PEC — as the purpose of their existence has eroded gradually, commerce and industry minister Piyush Goyal said on Tuesday. The news of potential closure spooked investors and shares of STC and MMTC tanked by close to 20% on the BSE on Tuesday, when the Sensex dropped 1.7%. “Slowly the original purpose of these PSUs has come to an end. They are no longer the canalising agencies. It’s not the business of the government to remain in such businesses. 

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    08:45 (IST)18 Sep 2019
    Coffee Day sells GV Techpark for Rs 2,700 crore to pare debt

    Coffee Day Enterprises (CDEL) announced on Tuesday that it has signed definitive agreements with entities belonging to private equity firm Blackstone and Salarpuria Sattva Group for investment into GV Techpark, a wholly-owned subsidiary of Tanglin Development (TDL), at an enterprise value of Rs 2,700 crore. “The due diligence was completed on Monday night. Blackstone will own 80% of the asset while Salarpuria will own 20%,” said a source aware of the matter.

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