Share market highlights: Sensex snaps 5-day losing streak, closes 347 points higher; Nifty ends at 11,067

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Updated:Sep 25, 2018 4:36:46 pm

Share market today: Sensex and Nifty snapped a 5-day losing streak and closed Tuesday's volatile trade session on a higher note. Index heavyweights HDFC-twins, Kotak Bank, Infosys, Axis Bank, HUL, Maruti Suzuki and ITC were the top contributors to the Sensex index.

stock market, sensex, nifty, सेंसेक्स, निफ्टी, BSE, NSE, crude, rupee, trade war, global tension, पेट्रोल, डीजलStock market highlights: Sensex and Nifty snapped a 5-day losing streak and closed Tuesday’s volatile trade session on a higher note

Sensex and Nifty snapped a 5-day losing streak and closed Tuesday’s volatile trade session on a higher note. Index heavyweights like HDFC-twins, Kotak Bank, Infosys, Axis Bank, HUL, Maruti Suzuki and ITC were the top contributors to the Sensex index.

The BSE Sensex index shuttled between 36,705.79 and 36,064.10 points to finally end the day 347.04 points or 0.96% higher at 36,652.06 points. The Nifty 50 index of the NSE settled at 11,067.45 points, up 100.05 points or 0.91%.

Among the most noticeable movements in the market was the sudden plunge in the stock of Yes Bank, which fell to below Rs 200, down 9% from the previous close. However, the shares recovered to finally close the day 2.83% lower. DHFL shares, which slumped nearly 34% during afternoon deals, recovered nearly 16% from its day’s low to finally close trade down 23.49% at Rs 300.70.

Initially, the share market had opened on a lower note tracking weak global cues and a lower opening of the Indian rupee. Asian stocks struggled on Tuesday as a fresh round of U.S.-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth, said a Reuters report.

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Share Market Highlights: Sensex, Nifty, Indian Rupee vs US Dollar, Latest Stock Market News, NSE, BSE Updates


    16:35 (IST)25 Sep 2018

    'It was a volatile day on the bourses as sharp swings in the markets kept investors on edge and precluded the emergence of a clear trend. Benchmark indices opened the day lower and oscillated around the flat line through the day to finally close with gains of over 1%. Global sentiment was muted as well as investors turned cautious after the latest round of US-China tariffs revived fears that the trade dispute would negatively impact global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases. Barring the realty index, all other sectoral indices on the National Stock Exchange (NSE) closed the day in the green.'

    -Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund

    15:45 (IST)25 Sep 2018
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    15:44 (IST)25 Sep 2018
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    State-owned insurer LIC Tuesday said it will not allow debt-ridden IL&FS to collapse and explore options to revive it. The Life Insurance Corporation (LIC) has the largest shareholding in IL&FS. IL&FS Financial Services, a group company of IL&FS defaulted on one of its commercial paper (CP) issuances due for repayment on Monday. This was the third default by the company. LIC Chairman V K Sharma, after a meeting at the finance ministry, assured that efforts are being made to keep IL&FS afloat, PTI reported.

    15:43 (IST)25 Sep 2018
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    15:31 (IST)25 Sep 2018
    CLOSING BELL: Sensex snaps 6-day losing streak, closes 347 points higher; Nifty ends at 11,067

    15:25 (IST)25 Sep 2018
    Sterling rises for second day on hopes for Brexit deal

    Sterling rose for a second day on Tuesday as risk appetite improved and expectations of a Brexit deal grew, prompting investors to buy the pound after a selloff last week, said a Reuters report. In early London trading, sterling rose a quarter of a percent to $1.3153 as traders covered some of their short positions.

    15:24 (IST)25 Sep 2018
    Check gold, silver prices in Delhi today

    In the national capital, gold of 99.9 per cent and 99.5 per cent purity shot up by Rs 175 each to Rs 31,725 and Rs 31,575 per 10 gram, respectively. Sovereign, however, remained flat at Rs 24,500 per piece of eight gram, said a PTI report. Silver ready also strengthened by Rs 190 to Rs 38,290 per kg and weekly-based delivery by Rs 200 to Rs 37,725 per kg. Silver coins, however, remained unaltered at Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.

    15:12 (IST)25 Sep 2018
    Sensex jumps 375 points

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    15:04 (IST)25 Sep 2018
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    14:51 (IST)25 Sep 2018
    Share markets recover from lows; Indiabulls Housing Finance cracks 12%

    Share markets turned extremely volatile during late afternoon deals on Tuesday, with realty, auto, media, PSU banks and metals sectors adding to the losses of Sensex and Nifty. However, the key indices managed to hold on to gains on the back of good buying activity in index heavyweights. Around 2.45 pm, the Sensex traded 131.08 points or 0.36% higher at 36,436.10 points. Indiabulls Housing Finance stock cracked nearly 12% on the BSE.

    14:32 (IST)25 Sep 2018
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    14:31 (IST)25 Sep 2018
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    14:28 (IST)25 Sep 2018
    Bloodbath continues in DHFL shares, now down 34%

    DHFL shares continued to plunge in late afternoon deals on Tuesday, slumping nearly 34% to an intra-day low of Rs 260.10 per share on the BSE. Around 2.25 pm, shares of DHFL traded at Rs 280, down 28.75%. DHFL shares had surged nearly 25% on Monday after a 60% plunge on Friday.

    13:30 (IST)25 Sep 2018
    Yes Bank shares suddenly tumble; now trading at 2-year low

    Yes Bank shares have suddenly plunged deep into red in the afternoon trade, falling as much as 9% from yesterday's close, against mostly trading in the green since morning. Yes Bank stock is trading at over 2-year low of near Rs 205 per share. The board is to meet today to primarily decide on a successor for CEO Rana Kapoor, who was asked by the RBI to step down.

    13:16 (IST)25 Sep 2018
    GTL Group shares crack 5% on bankruptcy action

    Telecom infrastructure player GTL Group shares cracked up to 5% after Canara Bank moved the National Company Law Tribunal (NCLT) after the company defaulted on its debt repayment. While GTL has defaulted on Rs 459 crore loans from the bank, GTL Infrastructure owes Rs 541 crore to the lender. GTL shares were trading down around 2%, while GTL Infra was trading down at 5%. 

    13:00 (IST)25 Sep 2018
    Usha Martin buy to diversify Tata Steel's product range, says report

    Tata Steel's acquisition of Usha Martin's speciality steel business will improve the share of long steel products in its business at no additional leverage, says a report. Tata Steel, which has a capacity of 27.5 million tonne, has a disproportionate skew towards flat steel products now while Usha Martin has an integrated steel-making business with predominantly long steel products which get better margins. 'At the proposed transaction value of Rs 4,300-4,700 crore, we do not expect the acquisition to have a material negative impact on Tata Steel's financial profile or leverage. We expect the company to pay in cash for the acquisition, which is through a slump sale. The acquisition will also improve its product portfolio,' PTI reported quoting a note from S&P.

    12:57 (IST)25 Sep 2018
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    12:31 (IST)25 Sep 2018
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    12:28 (IST)25 Sep 2018
    Canara Bank floats Request For Quotes to offload unquoted equity shares in various companies

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    12:17 (IST)25 Sep 2018
    Broader markets underperform headline indices

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    12:12 (IST)25 Sep 2018
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    11:55 (IST)25 Sep 2018
    Oil hits 4-yr high as OPEC, Russia resist output rise to offset US sanctions against Iran

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    11:44 (IST)25 Sep 2018
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    11:36 (IST)25 Sep 2018
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    11:22 (IST)25 Sep 2018
    Capacit'e Infraprojects bags orders worth Rs 675 crore

    Capacit'e Infraprojects has bagged orders worth Rs 675 crore from two different clients. "Capacit'e Infraprojects has received order from Piramal Realty and Radius Group for a total contract value of Rs 674.75 crore," the company said in a BSE filing. The company said the it has received an order worth Rs 560.90 crore from Piramal Realty and an order worth Rs 113.852 crore from Radius Group.

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    11:18 (IST)25 Sep 2018
    Asian stocks struggle as US-China trade row revives growth concerns

    Asia stocks struggled on Tuesday as a fresh round of U.S.-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth, according to a Reuters report. MSCI's broadest index of Asia-Pacific shares outside Japan edged down 0.15 percent. But Japan's Nikkei bucked the trend and edged up nearly 0.2 percent. The Shanghai Composite Index dropped 0.7 percent and Australian stocks eased 0.1 percent. Hong Kong markets were closed for a holiday.

    11:09 (IST)25 Sep 2018
    Syngene International COO Manoj Nerurkar resigns

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    11:06 (IST)25 Sep 2018
    Rupee recovers from day's low

    The Indian rupee recovered 18 paise from it's day low during mid-morning trade deals to 72.7813 per US dollar. In early morning trade, the rupee had weakened by 33 paise to 72.96 against the dollar.

    11:01 (IST)25 Sep 2018
    Sensex breaks 6-day losing streak, gains 200 points; Nifty reclaims 11,000-mark

    10:41 (IST)25 Sep 2018
    DHFL shares crack 22% in early trade

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    10:38 (IST)25 Sep 2018
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    10:32 (IST)25 Sep 2018
    Nifty reclaims 11,000!

    The Nifty 50 index of the National Stock Exchange reclaimed the 11,000-mark during mid-morning deals on Tuesday. The Nifty rose 42 points to an intra-day high of 11,009.50 points.

    10:09 (IST)25 Sep 2018
    Sensex, Nifty recoups losses; off day's lows

    10:04 (IST)25 Sep 2018
    Yes Bank shares rise 3% ahead of board meet

    Private sector lender Yes Bank's shares rose over 3% on Tuesday ahead of its board meet scheduled for later during the day. The bank's board is scheduled to meet later in the day to decide the future course of action after the central bank last week curtailed CEO and MD Rana Kapoor's term until Jan 31, 2019 Bank and its MD and CEO will be fully guided by its board, RBI and other relevant stakeholders, Yes Bank said in a statement.

    Read more about Yes Bank's board meet here

    09:59 (IST)25 Sep 2018
    NBFC stocks continue to decline; DHFL down 12.60%

    NBFC stocks continued to decline on Tuesday over liquidity concerns. DHFL shares declined for the third consecutive day and fell 12.60% during morning deals on the NSE. Indiabulls Housing Finance was down 5.49%.

    09:46 (IST)25 Sep 2018
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    09:42 (IST)25 Sep 2018
    Rupee plunges over 30 paise

    Continuing its slide, the rupee weakened by 33 paise to 72.96 against the US dollar Tuesday, hurt by increased demand for the American currency from importers as global crude oil prices hit four-year high. Besides sustained demand of the US currency from importers and dollar's strength against some currencies overseas ahead of US Federal Reserve's meet, a lower opening in the domestic equity markets too weighed on the domestic unit, PTI reported traders as saying.

    The BSE Sensex closed Monday’s trade at over a two-month low of 36,305.02 points, down 536.58 points or 1.46%, while Nifty closed 168.20 points, or 1.51% lower at 10,974.90 points.
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