Share market today: Sensex closes flat, retreats from fresh high; Nifty holds 11k; Infosys up 2% ahead of Q1 results

By: | Updated:Jul 13, 2018 4:24 pm

Share market today: Sensex closed Friday's trade lower by 6.78 points or 0.02% at 36,541.63 points after it hit a fresh intra-day high of 36,740.07 points. Nifty closed at 11,018.90 points, down 4.30 points or 0.04%. The indices erased their entire gains as investors booked profits amid mixed global cues and disappointing macroeconomic data released on Thursday.

sensex, it shares, pharma shares, mumbai share market, bombay share market news in hindi, nifty, national stock exchange, business news in hindiShare market today: Sensex surged 191 points to a fresh intra-day high of 36,740.07 points.

Share market today: After five consecutive sessions of closing with gains, the benchmark Sensex closed Friday’s trade lower by 6.78 points or 0.02% at 36,541.63 points. The Sensex hit a fresh intra-day high of 36,740.07 points but soon retreated to close lower as investors booked profits amid mixed global cues and disappointing macroeconomic data released on Thursday.

The Nifty slipped below the 11,000 mark on an intra-day basis to a low of 10,999.75. However, the index closed above the 11k mark at 11,018.90 points, down 4.30 points or 0.04%. Most banking stocks slipped in Friday’s trade as an uptick in June retail inflation increased chances of a rate hike by the RBI in coming months.

Shares of Reliance Industries, Infosys, Bajaj Auto, Asian Paints, Coal India, HDFC, Kotak Bank, HDFC Bank, Maruti and Tata Consultancy Services closed with gains in the range of 0.50-1.50% on the Sensex. ONGC, Axis Bank and ITC stocks lost over 2% on the BSE, while SBI, ICICI Bank,Tata Motors (DVR), Hero MotoCorp, Bharti Airtel and M&M shares lost over 1% each.

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Share market updates: Check Sensex, Nifty levels, top gainers, losers here

16:24 (IST) 13 Jul 2018
Infosys Q1 2019 results announced: Net profit up 3.5% y-o-y, revenue up 12%

Infosys Q1 results: 5 key takeaways:

  • Net Profit came in at Rs 3,612 crore, implying a rise of 3.5% year-on-year, including the impact of Rs 270 crore on account of reduction in the fair value of Assets held for sale.
  • Infosys reported total revenues of Rs 19,128 crore, implying 12% rise year-on-year.
  • Basic EPS at Rs 16.62 for the quarter ended June 30, 2018, including impact of `1.24 on account of reduction in the fair value of Assets held for sale.
  • FY 19 revenue guidance in constant currency retained at 6%-8%; FY 19 operating margin guidance retained at 22%-24%.
  • Infosys noted in the release that large deal wins crossed $1 billion, of which over 40% was from Financial Services
16:20 (IST) 13 Jul 2018
Mukesh Ambani Asia's richest person

Mukesh Ambani overtook Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries Ltd. to disrupt the e-commerce space in India. The chairman of India’s refining-to-telecoms conglomerate, Ambani was estimated to be worth $44.3 billion on Friday with Reliance Industries Ltd. rising 1.6 percent to a record 1,099.8 rupees, according to Bloomberg Billionaires Index. Ma’s wealth stood at $44 billion at close of trade on Thursday in the U.S., where the company is listed.

Mukesh Ambani topples Jack Ma to become Asia’s richest person as RIL shares surge to new all time high

16:04 (IST) 13 Jul 2018
Top 5 gainers/losers on BSE Sensex

Top 5 Sensex gainers: RIL (up 1.34% at Rs 1096.75), Infosys (up 1.12% at Rs 1309.10), Bajaj Auto (up 1.02% at Rs 3,133.45), Asian Paints (up 0.98% at Rs 1370.55) and Coal India (up 0.96% at Rs 267.75).

Top 5 Sensex losers: ONGC (down 2.80% at Rs 154.60), Axis Bank (down 2.48% at Rs 523.90), ITC (down 2.29% at Rs 270.40), SBI (down 1.96% at Rs 257.60) and ICICI Bank (down 1.60% at Rs 268.05).

15:57 (IST) 13 Jul 2018
After an indecisive day, benchmark indices closed near flat line: BNP Paribas Mutual Fund

'It was a volatile day on the bourses as stocks oscillated between the positive and negative zones through the day, reacting to conflicting cues in terms of positive global stocks and lacklustre macro-economic data. After an indecisive day, benchmark indices finally closed the day near the flat line. On the macro front, data revealed that India's factory output growth slowed to a seven-month low in May while retail inflation quickened to a five-month high in June. India's industrial production (base year 2011-12=100) grew at 3.2% in May 2018 over May 2017, while showing moderation in growth from a revised 4.8% increase in the previous month. Additionally, the all-India general CPI inflation increased 5% in June 2018 (new base 2012=100), compared with 4.87% in May 2018. Interestingly, sectoral performance on the National Stock Exchange (NSE) was skewed to the negative. Barring the IT index, which closed almost flat, all other sectoral indices on NSE closed the day in the red.'

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

15:53 (IST) 13 Jul 2018
Sensex settles in red after 5 sessions of gains, Nifty closes above 11k

After five consecutive sessions of closing with gains, the benchmark Sensex closed Friday's trade lower by 6.78 points or 0.02% lower at 36,541.63 points. The Sensex hit a fresh intra-day high of 36,740.07 points but soon retreated to close lower as investors booked profits amid mixed global cues and disappointing macroeconomic data released on Thursday. The Nifty slipped below the 11,000 mark on an intra-day basis to a low of 10,999.75. However, the index closed above the 11k mark at 11,018.90 points, down 4.30 points or 0.04%.

Most banking stocks slipped in Friday's trade as an uptick in June retail inflation increased chances of a rate hike by the RBI in coming months. Shares of Infosys, Reliance Industries, Tata Consultancy Services and the HDFC twins cumulatively added almost 150 points to the Sensex index.

15:36 (IST) 13 Jul 2018
CLOSING BELL: Sensex, Nifty closes flat; Infosys shares up 2% ahead of Q1 results

Sensex fell from its fresh intra-day high of 36,740.07 points and closed flat at 36,541.63. Nifty closed at 11,018.90 points, down 4.30 points or 0.04%.  

15:11 (IST) 13 Jul 2018
Sensex slips into red as investors book profits, Nifty tests 11,000

Sensex heatmap: ONGC, Axis Bank, ITC, SBI and ICICI Bank shares plunge deep in red. RIL, Coal India shares up.

Caption
15:08 (IST) 13 Jul 2018
DBS says RBI likely to raise interest rates in August

The Reserve Bank of India is expected to go for further rate hikes this fiscal, with the next increase in key policy rates likely in the August policy review meet, says a DBS research note. PTI reported the global financial services major as saying that upside risks to inflation and a need to maintain financial markets' stability will keep monetary policy on a tightening bias. "We expect 50 bps more hikes in 2018-19, with the next likely in August," Radhika Rao, an economist with DBS said in a research note.

15:04 (IST) 13 Jul 2018
Oil falls towards $73 per barrel as supply concerns ease

Oil prices fell more than 1% on Friday -- set for a second straight week of decline -- as Libyan ports reopen and amid hopes that Iran will still export some crude despite U.S. sanctions, said a Reuters report. Brent crude was down $1, or 1.3%, at $73.45 a barrel by 0840 GMT, heading for a weekly fall of around 4 percent. U.S. benchmark West Texas Intermediate crude lost 22 cents to $70.11, set for a weekly decline of around 5%.

14:55 (IST) 13 Jul 2018
PVR, Inox shares tumble on Maharashtra minister’s food order

Shares of India’s largest multiplex PVR crashed more than 12% while share prices of Inox Leisure and Mukta Arts slid up to 14% after Maharashtra minister raised a voice to act against multiplexes if they don’t allow people to carry their own food inside the cinema halls, TV channels reported. Following the stern warning of action against the multiplex operators, shares of PVR, Inox Leisure and Mukta Arts cracked saw steep declines. The stock of PVR tumbled 12.4% to a day’s low of Rs 1,224, shares of Inox Leisure slipped 14.03% to a day’s bottom of Rs 217 (52-week low share price: Rs 213.3) and stock of Mukta Arts fell 5.86% to a day’s bottom of Rs 41 (52-week low share price: Rs 40.75) on BSE today.

Read full story here: PVR share price crashes 12%, Inox Leisure, Mukta Arts drop up to 14% on Maharashtra minister’s food order

14:45 (IST) 13 Jul 2018
Infosys Q1 results: stock gains almost 3% ahead of results, adds Rs 8k cr in m-cap

Infosys Q1 Results 2019: Infosys share price today gained nearly 3% in the mid-morning deals -- following which India's second-largest IT company added over Rs 8,000 crore in the stock market value -- ahead of Q1 FY19 results due later in evening today after stock market closing. With such an appreciation in the share prices of Infosys, the Bengaluru-based IT giant Infosys is just Rs 10,000 crore away from hitting Rs 3 lakh crore in market capitalisation on Indian stock exchanges.

Read more: Infosys adds Rs 8,000 crore in m-cap, nears Rs 3 lakh-crore mark, shares rally 3% ahead of Q1 results 2019

14:42 (IST) 13 Jul 2018
Bank stocks slip on rate-hike concerns

Most Indian banking stocks slipped in Friday's trade as an uptick in June retail inflation increased chances of a rate hike by The RBI in coming months. Annual retail inflation (CPI) accelerated to a 5-month high in June, driven by higher fuel prices and a depreciating rupee.

13:38 (IST) 13 Jul 2018
Trending stocks on the BSE today

13:31 (IST) 13 Jul 2018
European shares open higher, set for second week of gains

European shares opened higher on Friday, set for the second week of gains as fears of a full-blown trade war were kept in check and optimism about the next season of corporate earnings continued to grow. The STOXX 600 was up 0.5 percent by 0732 GMT with a broad range of sectors, from industrials to technology or financials, adding points to the pan-European index.

13:26 (IST) 13 Jul 2018
This mid-cap bank share below Rs 50 may double your money

Most of mid-caps have seen considerable value erosion in the recent past. The Nifty Midcap 50 has slid 12% and Nifty 500 has declined by nearly 3% in the last six months. But a mid-cap private bank share may double your money and interestingly, this share is available for below Rs 50. Shares of Srinagar-based The Jammu & Kashmir Bank Ltd have dropped about 15% in the last one month to Rs 49.65 from a share price level of Rs 59 as on 13 June 2018. The domestic research and brokerage firm Motilal Oswal Securities has given a ‘buy’ with a target price of Rs 100 which implies a potential upside of 100% from the current market price.

Read more: 100% gains in stock market! This mid-cap bank share may double your money, available for below Rs 50

13:05 (IST) 13 Jul 2018
Vinay Paharia, CIO of Union AMC shares his outlook on stock market

While Sensex and Nifty soar to all-time highs, continuing to cheer upbeat earnings outlook, muted crude oil prices and a rally in global stocks, the broader markets have refused to participate in the rally given interest rate fears, political uncertainties, and macro concerns. Vinay Paharia, CIO of Union AMC sounds a note of caution, pointing out that valuations in the stock market remain elevated. With the Nifty trading at a trailing PE multiple of 22x, valuations are expensive, Paharia says, adding that he remains ‘cautiously optimistic’ in the near-to-medium term.

Read full interview here: As Sensex hits all-time highs, this fund manager shares which sectors to buy stocks in, which ones to avoid

12:28 (IST) 13 Jul 2018
Reliance Industries m-cap breaches Rs 7 lakh-cr in morning deals

The market valuation of Reliance Industries today surged past Rs 7 lakh crore mark in the morning trade, making it the second company after TCS to achieve this milestone, reported PTI. RIL's rose to Rs 7,01,404 crore (over $102 billion) during the early trade on BSE. The m-cap has been calculated at the stock's 52-week high price of Rs 1,107.25. Earlier, Reliance Industries had breached this mark in intra-day trade on October 18, 2007. The US dollar was quoted at Rs 39.59 at that time.

Check RIL share price here

12:25 (IST) 13 Jul 2018
IT stocks lead upward rally, banking stocks bleed

12:10 (IST) 13 Jul 2018
Most Asian currencies traded firm

Most emerging Asian currencies edged up on Friday, shrugging off better-than-expected Chinese trade data as markets took a breather from a volatile week of Sino-U.S. trade tensions, Reuters said in a report. Despite China's trade surplus coming in at its highest ever for any single month, according to Reuters data going back to 2008, the Chinese yuan cooled after earlier advances. The region's worst performer this year, the Indian rupee , strengthened 0.2% to 68.42 to the dollar, marking an end to a week which saw oil prices ease as well as weaker-than-expected inflation growth.

12:07 (IST) 13 Jul 2018
IDBI Bank shares plunge 7% as officers threaten to go on strike

Shares of IDBI Bank plunged by 7.19% to a low of Rs 52.25 on the BSE after a section of IDBI Bank officers threatened to go on a six-day strike from Monday in protest against the proposed acquisition by LIC and wage-related issues, among others. Wage revision for IDBI Bank employees are pending since November, 2012.

Check IDBI Bank share price

12:01 (IST) 13 Jul 2018
Reliance Industries shares: Should you buy?

Billionaire Mukesh Ambani-led Reliance Industries’ share price is trading near all-time levels, up by more than 2.3% on Friday. Notably, the recent rally in the shares of Reliance Industries led to the firm achieving another milestone yesterday, topping the $100 billion mark in market capitalisation. Despite such a huge rally, global research and brokerage firm Goldman Sachs sees more than 25% upside on the shares. The firm has a Buy call on the stock with a target price of Rs 1,340 per share.

Read more: Reliance Industries shares surge to fresh all-time high; should you buy or sell stock?

11:55 (IST) 13 Jul 2018
93 securities hit fresh 52-week lows on NSE, 19 hit fresh 52-week highs

Andhra Bank,  Bank of India, BHEL, Dena Bank,  Kwality limited, Syndicate Bank, Tata Power Company Limited, Union Bank of India and Vedanta Limited shares were among stocks that hit fresh 52-week lows on the NSE on Friday.

These stocks hit new 52-week highs:

11:49 (IST) 13 Jul 2018
SEBI bars stock brokers from accepting direct cash payments

Sebi has barred stock brokers from directly accepting cash from their clients as it looks to promote digital payments, reports PTI. Besides, stockbrokers are not permitted to receive cash deposits in their bank accounts from clients. “In view of the various modes of payment through electronic means available today, it is directed that stockbrokers shall not accept cash from their clients either directly or by way of cash deposit to the bank account of a stockbroker,” the regulator said in a circular.

Read here: Investors beware! Stockbrokers can’t take cash, bank deposits from clients as SEBI pushes ‘Digital India’

11:46 (IST) 13 Jul 2018
What fuelled Sensex's surge to its fresh high?

Sensex hits new all-time high: 5 factors driving Indian stock market rally

The S&P BSE Sensex index hit fresh all-time high in the early morning deals on Friday surging above yesterday’s record closing peak following the positive global cues and expectations of better-than-expected Q1 results for the financial year 2018-2019. The benchmark Sensex jumped 191.66 points to hit a fresh all-time high of 36,740.07 on Friday as shares of blue-chip companies Reliance Industries, Infosys, TCS and HDFC Bank surged 1%. BSE Sensex has taken more than 5 months to break the previous record highs set in January this year.

11:28 (IST) 13 Jul 2018
Larsen & Toubro wins orders worth Rs 3,000 cr

The construction arm of Larsen & Toubro has won orders worth Rs 3,000 crore. In a regulatory filing to the BSE, the company said that the order has been received from the Andhra Pradesh Capital Region Development Authority (APCRDA) for the engineering, procurement and construction of Head of Department (HoD) office buildings at Amaravati, Andhra Pradesh.

11:21 (IST) 13 Jul 2018
Top Nifty 50 losers

11:20 (IST) 13 Jul 2018
Top Nifty 50 gainers

11:17 (IST) 13 Jul 2018
BSE Sensex top 5 gainers and losers

Top 5 gainers on the BSE Sensex: Wipro (+1.81%), Infosys (+1.80%), Reliance Industries (+1.25%), Coal India (+1.11%) and HDFC Bank (+1.03%).

Top 5 losers on the BSE Sensex: Axis Bank ( -2.41%), SBI (-1.83%), ONGC (-1.73%), ICICI Bank (-1.56%) and Yes Bank ( -1.48%).

11:10 (IST) 13 Jul 2018
Wipro shares up over 3%, gains most in six-months

Shares of Wipro Ltd edged higher by 3.7% to a high of Rs 289.80 on the National Stock Exchange on Friday, gaining the most on an intra-day basis since January 16, 2018. On the BSE, the stock rose by 3.63% to a high of  Rs 289.65 per share.

11:03 (IST) 13 Jul 2018
HCL Technologies drops 2.75% after share buyback approval

Shares of HCL Technologies Ltd slipped by 2.75% to a low of Rs 977.60 on the BSE on Friday after its board approved buyback offer. Shares of the software services exporter fell by 2.4% to Rs 982 on the NSE, the biggest intra-day percentage loss since May 28. HCLT on Thursday approved buyback of up to 36.4 mln shares at a price of Rs 1,100 per share.

10:56 (IST) 13 Jul 2018
Nifty IT index in green

Even as the Nifty gave up all its morning gains and trade in the red, the Nifty IT index traded with gains of 0.18% led by an upward rally in Wipro, Infosys, KPIT Technologies, Tata Consultancy Services and Oracle Financial Services Software shares. Wipro shares traded with gains of 1.61 %. Infosys shares edged higher by 1.39%. Infosys is slated to announce its quarterly results later in the day.

10:35 (IST) 13 Jul 2018
Sensex trims gains; banks stocks weigh heavy

Heavy selling pressure in banking stocks trimmed gains of the BSE Sensex index in late-morning deals on Friday. Shares of SBI traded 1.75% lower on the Sensex index. Yes Bank (down 1.35%), Axis Bank (down 1.28%) and ICICI Bank (down 1.25%) shares followed the downward trend.

10:20 (IST) 13 Jul 2018
Fortis Healthcare stocks surge 4%

Shares of Fortis Healthcare surged by 4.04% to a high of Rs 147.90 on the BSE in early trade on Friday after Malaysia's IHH Healthcare won the bid to acquire the hospital business. Cash-strapped Fortis Healthcare on Thursday said its board has unanimously accepted a binding offer from Malaysia's IHH Healthcare Berhad to invest Rs 4,000 crore in it by way of preferential allotment at Rs 170 per share, PTI reported.

10:09 (IST) 13 Jul 2018
BSE mid-caps, small-caps underperform

The BSE mid-cap and small-cap indices underperformed the headline Sensex index in early trade. The S&P BSE mid-cap index traded 23.84 points or 0.15% lower on Friday led by losses in IDBI Bank stock, which plunged by 6.57%.  The S&P BSE small-cap index was down 49.35 points or 0.30%. Karnataka Bank shares dipped by 5.11% on the BSE small-cap index.

10:01 (IST) 13 Jul 2018
PSU banks trade in red; SBI down 1.71%, IDBI Bank plunges 6.32%

PSU banks traded in the red on Friday, with the NSE PSU Bank index down 1.96%. Shares of SBI and PNB traded lower by 1.71% each, while shares of Union Bank, Oriental Bank of Commerce, Andhra Bank, Bank of Baroda, Canara Bank and Bank of India traded with losses of over 2%. IDBI Bank shares plunged 6.32% on the NSE.

09:56 (IST) 13 Jul 2018
These stocks hit fresh 52-week highs on the BSE today

09:38 (IST) 13 Jul 2018
Rupee trades at 3-week high

Rising for the third straight session, the Indian rupee appreciated by 23 paise to trade at a three-week high of 68.32 against the US dollar today amid easing food prices, and continued selling of the greenback by banks and exporters, PTI reported.

09:36 (IST) 13 Jul 2018
Infosys, RIL, HCL Technologies, IDBI Bank shares to be in focus today
09:36 (IST) 13 Jul 2018
Q1 results today: Infosys rallys ahead of Q1 results

Shares of Infosys rose 1.92% to a high of Rs 1319.45 on the BSE ahead of its quarterly results announcement later today. Other companies which will come out with their Q1 results today are: Bajaj Corp, Calsoft Pvt Ltd, 3i Infotech, Amal Ltd.

Check Infosys share price here

09:32 (IST) 13 Jul 2018
Most traded stocks on the NSE: Reliance Industries, Infosys, HCL Tech lead

09:29 (IST) 13 Jul 2018
Tech stocks rally, SBI drops over 1%

09:22 (IST) 13 Jul 2018
Share market opens: Sensex opens over 100 points higher, Nifty rises 30 points

Sensex of the BSE surged over 100 points to a high of 36671.25 points in opening trade on Friday. The Nifty of the National Stock Exchange hit a high of 11,056.95 points in early trade. Infosys shares climbed 1.63% on the BSE ahead of the Q1 earnings announcement later today. Reliance Industries shares trade 1.09% higher on the BSE.

09:17 (IST) 13 Jul 2018
Rupee opens at 68.37

Indian rupee opens 20 paise higher at 68.37 against the US dollar. It closed at 68.57 against the greenback on Thursday.

09:13 (IST) 13 Jul 2018
Pre-open session: Sensex up 150 points, Nifty above 11,050

The Sensex rose above 150 points in the pre-open session. The  Nifty50 settled at 11,056.90 points.

09:10 (IST) 13 Jul 2018
We expect Nifty to pause at ~11,200 : Kotak Securities

“The last five hundred points rally in Nifty (on Thursday) has been led by eight stocks (TCS, Reliance Ind., HDFC twins, Kotak Mahindra Bank, Infosys, HUL & Maruti Suzuki). These stocks account for ~44% of Nifty-50 market cap and are up by 10% on an average since 23rd May when Nifty was below 10,500 level. The currency depreciation has helped IT stocks deliver handsome returns in the last one month. Valuations are rich hence upside could be limited. One a one year forward Nifty EPS of ~Rs.576 it trades at 19x, which is quite rich and one standard deviation above the 10 year average. We expect Nifty to pause at ~11,200 which was the previous peak."

-Rusmik Oza Senior Vice President (Head of PCG Research), Kotak Securities Ltd

09:07 (IST) 13 Jul 2018
Oil prices edge lower

Oil prices edged lower on Friday and were set for a second weekly fall, as the market shrugged off a warning that spare capacity may be stretched as OPEC and Russia increase production, according to a Reuters report. Brent crude eased 20 cents, or 0.3%, to $74.25 by 0059 GMT. On Thursday it gained $1.05 a barrel, rebounding from a session low of $72.67. It is heading for a weekly fall of nearly 4%.

09:03 (IST) 13 Jul 2018
Asian shares rise tracking gains on Wall Street

Asian shares were higher on Friday following gains on Wall Street overnight, as concerns over an escalating U.S. trade war with China took a breather, Reuters reported. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2% after U.S. stocks ended the day higher. Australian shares also gained 0.2% while Japan's Nikkei stock index was 1.2% higher.

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