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

By: | Updated:Sep 25, 2018 4:36 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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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
Top 5 Nifty 50 gainers

15:44 (IST) 25 Sep 2018
IL&FS will not be allowed to collapse, all options open: LIC chief

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
Top 10 Sensex gainers

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

The Sensex jumped nearly 375 points to an intra-day high of 36680.58 points during late-afternoon trade deals.

15:04 (IST) 25 Sep 2018
PSU bank stocks tank: Arun Jaitley to meet bank heads today

Finance Minister Arun Jaitley is scheduled to meet the heads of public sectors banks (PSBs) on Tuesday as part of the annual financial performance review exercise. Read more here

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
Oil majors help FTSE 100 rise

Britain's top share index edged up on Tuesday thanks to a surge in oil majors as crude prices hit a four-year high, while retailer Next stole the spotlight after a strong update confounded expectations. The FTSE 100 rose 0.2% by 0825 GMT, boosted by energy stocks and miners, reported Reuters. Next shares jumped 8.5% to the top of the FTSE 100 after it raised its full-year profit forecast and struck an optimistic tone on a no-deal Brexit, saying it is well prepared for the eventuality.

14:31 (IST) 25 Sep 2018
IPO watch: Flair Writing Industries files IPO papers with Sebi

Pen manufacturer Flair Writing Industries has filed its draft papers with markets regulator Sebi to raise funds through an initial public offer. The IPO comprises equity shares of face value of Rs 10 each of Flair Writing aggregating up to Rs 450 crore, according to the draft red herring prospectus (DRHP) filed with Sebi. The offer comprises a fresh issue aggregating up to Rs 330 crore and an offer for sale of up to Rs 120 crore.

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
All sectors except metal and realty in green

12:31 (IST) 25 Sep 2018
S&P BSE oil and gas index down; GAIL losses 3.69%

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

In a regulatory filing to the BSE, Canara Bank said it has floated Request for Quotes (RFQ) by inviting bids in order to Offload Unquoted Equity Shares through Swiss Challenge Method in various companies. Check Canara Bank share price here.

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

The S&P BSE midcap and smallcap indices traded with losses on Tuesday, even as the headline Sensex index surged 281 points to an intra-day high of 36,586.38 points. At 12.15 pm, the midcap index was trading lower by 37.21 points or 0.24%, while the smallcap index was down 83.16 points or 0.54%. DHFL (down 19.58%) was the top drag on the S&P BSE midcap index.

12:12 (IST) 25 Sep 2018
IPO update: Aavas Financiers Rs 1,734 cr IPO opens for subscription today

Housing finance company Aavas Financiers has opened its initial public offer for subscription today. The price band for the public issue has been fixed at Rs 818-821. Aavas Financiers aims to raise Rs 1,734.07 crore through its issue. The IPO will close on September 27.

12:05 (IST) 25 Sep 2018
Top 5 gainers on the BSE

12:04 (IST) 25 Sep 2018
Top 5 losers on the BSE

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

Oil prices hit their highest since November 2014 on Tuesday, topping four-year highs from the previous day, as looming U.S. sanctions against Iran and reluctance by the Organization of the Petroleum Exporting Countries to raise output supported markets, said a Reuters report. Brent crude futures rose to $81.62 a barrel around 0600 GMT, levels not seen since November 2014. They were still at $81.61 at 0610 GMT, up 41 cents, or 0.5 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $72.37 a barrel, up 29 cents, or 0.4 percent from their last settlement.

11:44 (IST) 25 Sep 2018
Top Sensex gainers in late-morning deals today

11:41 (IST) 25 Sep 2018
These 19 securities hit fresh 52-week highs on the NSE today

11:36 (IST) 25 Sep 2018
Most Asian currencies weaken on a firmer dollar

Almost all Asian currencies struggled on Tuesday as the dollar firmed ahead of an expected Federal Reserve rate hike, while U.S.-China trade tensions continue to cloud the global outlook. According to a Reuters report, the Fed begins its two-day policy meeting later on Tuesday where it is expected to raise interest rates for the eight time since late 2015. Markets are also betting on another rate hike before year-end, though the outlook for 2019 is less clear. The dollar index against a basket of six major currencies strengthened 0.2 percent to 94.341.

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.

Check Capacite's stock price here

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

Biocon's contract research arm Syngene International has announced the resignation of Manoj Nerurkar as Chief Operating Officer with effect from October 1, 2018. The announcement of the appointment of his successor will be made shortly, the company said in a BSE filing.

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

Shares of Dewan Housing Finance (DHFL) tanked 22% on the domestic bourses on Tuesday after the company held an analyst meet on Monday with regard to recent developments in the market. DHFL shares had surged nearly 25% on Monday after a 60% plunge on Friday.

10:38 (IST) 25 Sep 2018
Healthcare stocks gain; Auro Pharma shares up nearly 4%

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
RCom most traded stock on the NSE

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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