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  1. Share Market Today: Sensex gains 196 points, Nifty reclaims 11,000; Jhunjhunwala’s Federal Bank gains 19%

Share Market Today: Sensex gains 196 points, Nifty reclaims 11,000; Jhunjhunwala’s Federal Bank gains 19%

Share Market Today: Indian stock markets closed higher on Tuesday with Sensex gaining nearly 200 points and Nifty 50 reclaiming 11,000-level following the sharp uptick in shares of heavyweight companies RIL, ICICI Bank, SBI and Axis Bank.

By: | Updated:Jul 17, 2018 4:31 pm
Share Market Today: A man walking past outside the Bombay Stock Exchange building.

Share Market Today: Indian stock markets closed higher on Tuesday with Sensex gaining nearly 200 points and Nifty 50 reclaiming 11,000-level following the sharp uptick in shares of heavyweight companies RIL, ICICI Bank, SBI and Axis Bank. Shares of Anil Ambani’s telecom company RCom (Reliance Communications) surged more than 14% intraday in the late trade while the stock of mid-sized private sector lender Federal Bank gained 19% after the Kochi-based bank posted a rise of 25% in the net profit for the period of April-June of the fiscal year 2018-2019. The domestic markets traded in a positive territory for most of the day after opening slightly higher on Monday. Meanwhile, regional Asian peers ended in the deep red with China and Hong Kong markets leading the losses.

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15:59 (IST) 17 Jul 2018
Market close!

The Sensex today rebounded by over 196 points to close at 36,519.96 as oil, metal and PSU stocks rallied after a sharp drop in global crude oil prices.Sentiment got a boost after crude oil prices in global markets dropped by over 4 per cent yesterday owing to oversupply fears, helping the rupee to strengthen against the dollar, a PTI report citing unidentified brokers. Investors were also awaiting US Federal Reserve Chairman Jerome Powell's first congressional testimony for hints on the pace of interest rate hikes, they added.

14:48 (IST) 17 Jul 2018
Sensex rallies over 200 points!

14:28 (IST) 17 Jul 2018
Sensex jumps 180 points, Nifty reclaims 11,000

Indian equity markets edged higher in the late afternoon deals with BSE Sensex rising 180 points and NSE Nifty reclaiming 11,000-mark following a sustained uptick in the shares of ICICI Bank, Reliance Industries, Axis Bank, State Bank of India, Mahindra & Mahindra. BSE Sensex surged nearly 180 points to a day's top of 36,503.66 while NSE Nifty added 67.55 points to a day's high of 11,004.4. 

14:22 (IST) 17 Jul 2018
China, Hong Kong market bleed

Hong Kong stocks ended lower on Tuesday, dragged by energy firms following a sharp decline in crude oil prices, a Reuters report said. The Hang Seng index fell 1.3% to end at 28,181.68 points, while the China Enterprises Index lost 1.1% to finish at 10,591.72 points.

14:19 (IST) 17 Jul 2018
NBCC stock gains 3%

Shares of the state-run NBCC rose more than 3% after the company got in-principle approval from the commerce ministry to design and construct 'India Pavilion' at World Expo 2020 to be held in Dubai at a cost of Rs 400 crore.

14:16 (IST) 17 Jul 2018
Sugar stocks fall

Most of the stocks of sugar companies extended losses on Monday following the drop in sugar prices due to lower demand. Shares of Shree Renuka fell 4%, Balrampur Chini fell 3%, Dhampur Sugar fell 2.5%, Dwarikesh Sugar fell 1.58%, Rana Sugar fell 4.32%. Sugar prices went down by Rs 80 per quintal at the wholesale market in the national capital today mainly dragged by ample stocks and limited offtake by stockists and bulk consumers, PTI reported. Ample stock positions following consistent supplies from mills amid selective buying by stockists and bulk consumers such as soft-drinks and ice-cream makers pulled down sweetener's prices, the report added. 

13:08 (IST) 17 Jul 2018
Federal Bank gains 13%

Shares of The Federal Bank rose nearly 13% to a day's high of Rs 83.9 after the Kochi-based mid-sized lender posted a 25% rise in its first-quarter profit on the back of higher interest income. Federal Bank's net profit zoomed 25% to Rs 263 crore for the three months ended 30 June 2018. 

13:04 (IST) 17 Jul 2018
Mid-cap stocks bottom is very-very near! Will happen in next few sessions, says Sandip Sabharwal

The performance of Indian stock markets has been relatively well in the current year 2018, given that, we consider large-cap stocks and headline indices Sensex and Nifty only. Sandip Sabharwal of asksandipsabharwal.com has said the midcap stocks bottom is very-very near and it may happen over next few sessions. 

12:12 (IST) 17 Jul 2018
HUL share price sees biggest intraday fall in 11 weeks after FMCG giant's Q1 FY19 results miss estimates

HUL share price today saw the biggest intraday fall in nearly 11 weeks after the FMCG giant's Q1 FY19 results missed the street estimates despite a surge of 19% in Q1 net profit. The stock of HUL (Hindustan Unilever Ltd) was the biggest loser among the components of BSE Sensex and NSE Nifty on Tuesday. HUL shares fell nearly 4% to a day's low of Rs 1,683.25 on NSE today while the stock tumbled 3.92% to a day's bottom of Rs 1,685.05 on BSE. Interestingly, shares of the Mumbai-based consumer goods manufacturer HUL hit an-all time high of Rs 1,780 today only on NSE.

12:03 (IST) 17 Jul 2018
Asian stock market falls

Asian markets were mostly lower on Tuesday following a mixed day on Wall Street, as tensions over US tariffs overshadowed data suggesting global growth is still on track, AP reported. Japan's Nikkei gained 0.4% to 22,697.36, South Korea's Kospi lost 0.2% to 2,296.36, Hong Kong's Hang Seng lost 1.3% to 28,166.16 and China's Shanghai Composite index shed 1% to 2,785.63.

11:34 (IST) 17 Jul 2018
Victim of US-China trade war: Vietnam

Vietnam's smoking hot economy and raging stock market have become Asia's earliest casualties in US President Donald Trump's trade war with China, as the export-reliant nation counts both among its top trading partners, Reuters said in a report. The Vietnamese stock market, Asia's top performer with 48% gains in 2017, is down by 25% from its record high in April as investors grow more nervous about the broader impact of trade tariffs on the global supply chain and its economy, the report added. 

11:27 (IST) 17 Jul 2018
RCom rallies 5%

Shares of ADAG's telecom company Reliance Communication (RCom) rallied more than 5% in the mid-morning session to Rs 12.68. Shares of Adani Enterprises, Allahabad Bank and Union Bank of India also gained over 5%.

10:31 (IST) 17 Jul 2018
Why Brent crude oil prices fell 4% to 3-month low

Crude oil prices slumped more than 4% on Monday, with Brent reaching a three-month low. Here's why

10:15 (IST) 17 Jul 2018
ICICI Bank rallies after postponing AGM by a month

10:13 (IST) 17 Jul 2018
HUL shares fall 3%

Shares of FMCG giant HUL (Hindustan Unilever Ltd) dropped more than 2% in the morning deals on Tuesday after the Mumbai-based company reported its financial results for the quarter ended 30 June 2018. The stock of HUL shed 3% to a day's bottom of 1,701.3 today. 

10:08 (IST) 17 Jul 2018
Q1 FY19 earnings today!

Shares of major companies such as Zee Entertainment, Ashok Leyland, Federal Bank, ICICI Lombard General Insurance, Rallis India, 8K Miles, Muthoot Capital Services, Sintex Industries, Tata Sponge Iron will be in a close watch ahead of their respective Q1 FY19 earnings. 

09:55 (IST) 17 Jul 2018
LIC-IDBI Bank deal!

In the meeting held on Monday, LIC board finally approved a plan to hike its shareholding in IDBI Bank to 51%. The insurance behemoth at present holds nearly 7.5% shares in the public sector bank. A preferential allotment of shares is one such option that the IDBI Bank may come up with to raise the required capital from LIC, Economic Affairs Secretary Subhash Chandra Garg said. 

09:53 (IST) 17 Jul 2018
Brent crude oil prices recoil from 3-month lows

Brent crude prices rose from a three-month low on Tuesday after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days, Reuters reported. 

09:48 (IST) 17 Jul 2018
Top Gainers: ICICI Bank, Tata Motors, Sun Pharma, Vedanta, Reliance Industries, Bharti Airtel, Yes Bank

09:38 (IST) 17 Jul 2018
Rupee gains 21 paise vs US dollar

The Indian rupee on Tuesday got stronger by 21 paise to 68.36 against the US dollar in the morning session at the interbank forex market. 

09:26 (IST) 17 Jul 2018
Opening bell!

Indian stock markets extended gains after opening marginally higher. The sentiments were subdued following a dull stock market activity in regional Asian markets. BSE Sensex was trading 0.21% higher at 36,400.35 while NSE Nifty was trading up 0.25% at 10,964.05. 

The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong US earnings season, Reuters said in a report. The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a strong US earnings season.

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