Share Market Highlights: Sensex jumps to record high, Nifty closes above 11000 level on RIL, HDFC rally

By: | Updated:Jul 12, 2018 4:33 pm

Share Market Highlights: The domestic equity markets surged to record high on Thursday, with Sensex climbing 282.48 points to close at a new peak of 36,548.41 while Nifty up 74.90 points to 11,023.20.

Share Market Highlights: The domestic equity markets surged to record high on Thursday.

Share Market Highlights: The domestic equity markets surged to record high on Thursday, with Sensex climbing 282.48 points to close at a new peak of 36,548.41 while Nifty up 74.90 points to 11,023.20. Nifty is less than 2% from record high. Shares of Reliance Industries Limited (RIL) emerged as the winner among Sensex and Nifty today with its share price rising nearly 4% as it also became the second company after TCS to touch $100 billion market cap. HDFC ended the day nearly 2% up at rs 1961.75.

On Wednesday, Indian equity markets ended on a flatter note on  with Sensex and Nifty just managing to close in green while mid-cap stocks, auto shares, PSU bankers and metals finished with moderate to heavy losses.

 

Live Blog

Share market Highlights: Check top gainers, losers

16:28 (IST) 12 Jul 2018
Expert take

“Increased crude oil prices can stoke inflation, which in turn can increase the cost of capital. Hence, these are real risks which we should be aware of. However, according to us these are also transient factors which keep changing with regular frequency and hence should not be used as primary tools to make investment decisions. As investors, we should focus on longer term structural value drivers which determine a company’s earnings multiple and hence are more important."

-  Vinay Paharia, CIO, Union AMC

15:36 (IST) 12 Jul 2018
Closing Bell!

BSE Sensex jumps 282 points to settle at record closing high as Nifty50 tops 11,000. Shares of RIL surge 4%, Vedanta drops 3%. Nifty is less than 2% from record high. Reliance market cap  today came back at over $100 billion after a gap of 10 years.

15:24 (IST) 12 Jul 2018
Karnataka Bank Q1 results

Karnataka Bank reports Q1 earnings with net profit at Rs 163.2 cr Vs Rs 133.8 cr (YoY). Karnataka Bank Q1 provision coverage ratio  isat 57.21% Vs 41.1% (QoQ); NII up 10.4% at Rs 468.6 cr Vs Rs 424.4 cr (YoY).

15:22 (IST) 12 Jul 2018
Cipla's subsidiary to buy South Africa's Mirren South African Rand for nearly 228 crore

Drug major Cipla's subsidiary has signed an agreement to fully acquire South Africa's Mirren (Pty) Ltd for a cash consideration of South African Rand 450 million (approx Rs 228 crore). Cipla said the acquisition of Mirren, which specialises in over the counter (OTC) pharmaceutical products, will strengthen its market position and help it to accelerate growth within OTC space.

15:10 (IST) 12 Jul 2018
Mutual fund inflow rises 43% to Rs 1.4 lakh crore in Q1

Investors have pumped Rs 1.4 lakh crore into mutual fund (MF) schemes in April-June quarter this fiscal, a surge of 43 per cent from the year-ago period, driven by strong participation from retail investors.  According to Association of Mutual Funds of India (Amfi) data, the inflow has also helped in pushing the assets base of the 42-player MF industry to Rs 23.40 lakh crore at the end of June this year, an increase of 20 per cent from Rs 20.40 lakh crore in June-end 2017.

15:00 (IST) 12 Jul 2018
BSE Sensex Heatmap

14:58 (IST) 12 Jul 2018
Sebi tweaks stress test methodology for commodity derivatives

Markets regulator Sebi has modified the methodology for daily stress testing for commodity derivatives as part of strengthening the risk management system. Clearing corporations carry out stress tests to evaluate risks and possible impact on the settlement guarantee fund in various scenarios for commodity derivatives segment, PTI reported.

14:53 (IST) 12 Jul 2018
Global stocks, commodities recover after latest trade war jolt

Stocks and commodities recovered slightly on Thursday as markets tried to consolidate from the previous session's steep losses when fears of an escalation in the U.S.-China trade war jolted investor sentiment. Spreadbetters expected European stocks to open higher, with Britain's FTSE gaining 0.3 percent, Germany's DAX adding 0.35 percent and France's CAC 0.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent.

14:45 (IST) 12 Jul 2018
Copper futures rise 0.56% on overseas cues

Copper prices went up by 0.56 percent to Rs 422.50 per kg in futures trade today as speculators built up of fresh positions amid positive global cues. Besides, uptick in demand from consuming industries at the domestic spot market fuelled the uptrend. At the Multi Commodity Exchange, copper for delivery in August rose by Rs 2.35, or 0.56 per cent, to Rs 422.50 per kg in a business turnover of 1,200 lots. Likewise, the metal for delivery in November gained Rs 2.25, or 0.53 per cent, to Rs 429.85 per kg in 13 lots.

14:31 (IST) 12 Jul 2018
Copper picks up from near from 1-year low; nickel surges

London copper shrugged off an early dip to trade higher on Thursday, while nickel jumped by as much as 3.8 percent as base metals staged a fragile recovery from the recent trade war-driven sell-off. Heavy losses in the previous session had pushed London Metal Exchange (LME) copper to its weakest in an almost a year as trade tensions between the United States and China undermined confidence in demand for metals, Reuters reported.

14:27 (IST) 12 Jul 2018
Coal India stake sale

Finance Ministry official says government aims to sell atleast 1.5% stake in Coal India, 7-10% in NLC India by August 31. The government may likley raise total Rs 3,300-3,600 crore from stake sales in Coal India, NLC, CNBC TV18 reported citing NewsRise .

14:25 (IST) 12 Jul 2018
Dr Reddy's rises on US drug hopes; UK rival Indivior cuts guidance

Dr Reddy's Laboratories Ltd rise as much as 3.8 pct to 2,387.65 rupees, its highest in 3 weeks. Rival British drugmaker Indivior lowered its full-year sales forecast saying it was losing sales of its opioid addiction drug Suboxone to a copycat launched last month by Dr Reddy's and U.S. firm Mylan NV. Suboxone, which Indivior launched in the United States in February, contributes 80 percent to its total revenue

14:08 (IST) 12 Jul 2018
Bearish bets on Asian currencies recede slightly, but caution prevails

Investors trimmed their bearish positions on emerging Asian currencies over the past two weeks, a Reuters poll showed, although escalating Sino-U.S. tensions worsened the mid-term outlook for regional units. Risky asset classes such as regional equities and currencies were battered over the past few months amid a deepening dispute on trade the United States and China., Reuters reported.

13:56 (IST) 12 Jul 2018
Dollar near 1 1/2-week highs as US price data eyed

The dollar held at a nine-day high on Thursday, bolstered by concern U.S. inflation pressures will pick up, although worries about an escalation in trade conflict capped gains. The conventional wisdom is that any escalation in trade conflict between the United States and its trading partners will feed through to inflation and prompt the U.S. Federal Reserve to raise interest rates at least twice more this year. But market watchers fear the dollar may have peaked for now, Reuters reported.

13:48 (IST) 12 Jul 2018
Gold prices edge up amid trade war worries

Gold prices edged up on Thursday, snapping two sessions of declines amid worries over the intensifying trade war between the United States and China. Spot gold was up 0.2 percent at $1,244 an ounce at 0650 GMT. In the previous session, it slipped 1 percent to hit its lowest in over a week at $1,240.89. U.S. gold futures for August delivery were little changed at $1,244 an ounce, Reuters reported.

13:43 (IST) 12 Jul 2018
China's yuan weakens on trade war fears, stocks rebound

China's yuan fell against the dollar on Thursday, knocked lower by the worsening Sino-U.S. trade dispute and after the central bank set its lowest daily fixing for the currency in nearly a year, although stocks clawed back heavy losses. The onshore yuan was changing hands at 6.6769 as of 0715 GMT, a hair weaker than Wednesday's late onshore close of 6.6750, but regaining ground after crossing the key 6.7 to the dollar level in the morning session to touch 6.7051.

13:41 (IST) 12 Jul 2018
China's centrally-owned state firms are actively coping with trade war, says regulator

China's centrally-owned state firms are actively coping with the impact from a trade war with the United States, the state assets regulator said on Thursday. Centrally-owned state firms have signed debt-to-equity swaps agreements worth 500 billion yuan ($75.02 billion), the State Assets Supervision and Administration Commission (SASAC) said.

13:41 (IST) 12 Jul 2018
German bond yield curve near flattest in a year before ECB minutes

Euro zone government bond yields stayed off recent lows on Thursday as investors awaited publication of European Central Bank minutes that could provide clues on how the bank intends to tighten policy in 2019. While the ECB is set to end its 2.6 trillion euro bond-buying scheme at the end of 2018, bets on when it will raise interest rates and how it will manage the reinvestments of its maturing debt have moved markets in recent weeks.

13:10 (IST) 12 Jul 2018
NSE 50 Gainers/Losers

12:51 (IST) 12 Jul 2018
Australian shares rebound

Aussie shares gain on banks and health care stocks Australian shares bounced back on Thursday, in line with broader Asia, with banks and healthcare stocks leading the gains. The S&P/ASX 200 index rose 0.9 percent or 52.70 points to 6,268.30 at the close of trade. The benchmark had dipped 0.8 percent on Wednesday, after Washington's threat to impose tariffs on a further $200 billion of Chinese imports rang alarm bells across financial markets.

12:43 (IST) 12 Jul 2018
Banking, pharma, metal stocks rally

In the mid-session, RIL, HDFC and HDFC Bank collectively contributed nearly 300 points to the gains on Sensex. Heavy buying was seen on banking, pharma and metals counters. Top gainers were Reliance Industries (up 5.18%), Yes Bank (4.43%), L&T (1.98 per cent), SBI (1.89%), HUL (1.88%), HDFC (1.73%) and HDFC Bank (1.35%).

12:39 (IST) 12 Jul 2018
Stock market mid-session

The BSE Sensex soared over 400 points to hit its record high after Reliance Industries (RIL) reclaimed USD 100 billion (approx Rs 6,86,604 crore) market capitalisation as its shares a hit 52-week high today. At 1200 hrs, the 30-share index rallied 413.89 points, or 1.14 per cent, higher to 36,679.82, surpassing its previous high of 36,444 recorded on January 29, 2018.  The broader Nifty-50 index is also trading above the key 11,000-level at 11,071.50, a gain of 123.20 points, or 1.13 per cent.

12:36 (IST) 12 Jul 2018
BSE Sensex Heatmap

12:11 (IST) 12 Jul 2018
Asian currencies tentative as trade worries linger

Asian currencies were treading water on Thursday, as a cautious backdrop left investors uncertain about their bets a day after the latest U.S. trade tariff threat had spread fresh tumult in financial markets. The dollar index against a basket of six major currencies was steady as U.S. inflation data reaffirmed expectations that the Federal Reserve will hike rates two more times this year, Reuters reported.

11:56 (IST) 12 Jul 2018
Sensex, Nifty on uptrend: Sensex up 300 points, Nifty rises 100 points

Sensex climbed over 360 points to a high of 36627.07 points during late-afternoon trade deals on Thursday. On the NSE, the Nifty rose over a 100 points to a high of 11,060.55 points on Thursday. Reliance Industries and Yes Bank gained over 3% each on the BSE Sensex. Other top gainers on the BSE were SBI, Coal India, LT, IndusInd Bank, HUL, Tata Steel and HDFC twins.

11:52 (IST) 12 Jul 2018
RIL touches $100 billion mark

RIL becomes second Indian company after TCS to touch $100 billion mark.  RIL shares ares trading at Rs 1084.65 up  5%  to record levels on BSE today. Earlier today,  RIL shares climbed as much as 2.26 %, the biggest contributor to the Nifty rally.

11:29 (IST) 12 Jul 2018
Dr Reddy's rises on US drug hopes

Dr.Reddy's Laboratories Ltd rise as much as 3.8 pct to 2,387.65 rupees, its highest in 3 weeks. Rival British drugmaker Indivior lowered its full-year sales forecast saying it was losing sales of its opioid addiction drug Suboxone to a copycat launched last month by Dr Reddy's and U.S. firm Mylan NV. Suboxone, which Indivior launched in the United States in February, contributes 80 percent to its total revenue , Reuters reported.

11:24 (IST) 12 Jul 2018
Infosys Q1 earnings on Friday

IT major Infosys will announced its financial results for the quarter to June on Friday. Brokerage firm Phillip Capital says Infosys will  maintain revenue growth guidance for FY19 at 6-8% constant currency growth.

11:08 (IST) 12 Jul 2018
How will China react to US' latest tariff hike?

Focus turned to what the next steps in the tit-for-tat trade conflict might be. China has accused the United States of bullying and warned it could hit back, although the form of retaliation was not clear. "The retaliatory options available to China include boycotting American goods, sharply devaluing the yuan, and selling off U.S. Treasury holdings," Xiao Minjie, senior economist at SMBC Nikko Securities in Tokyo, wrote in a note. "But we believe none of these moves are realistic or productive... the wisest move in our view is for China to accelerate the opening of its market rather than continue to trade blows with the United States."

11:06 (IST) 12 Jul 2018
HSBC bullish on Indian consumer firms

HSBC says FY19 growth outlook 'strong' for most Indian consumer firm. It says prices for wheat, sugar, milk, palm, tea and coffee still remain quite benign, and hence, commodity tailwinds should continue for Britannia Industries Ltd, ITC Ltd , Dabur India Ltd, Hindustan Unilever Ltd and Nestle India Ltd. It also adds Marico Ltd is only player facing significant headwinds due to copra prices, which are expected to ease in the second half of the year.

11:01 (IST) 12 Jul 2018
Asian markets consolidate after previous day's big tumble; Spreadbetters see European stocks opening higher

Stocks and commodities recovered slightly on Thursday as markets tried to consolidate from the previous session's steep losses when fears of an escalation in the U.S.-China trade war jolted investor sentiment. Spreadbetters expected European stocks to open higher, with Britain's FTSE gaining 0.3 percent, Germany's DAX adding 0.35 percent and France's CAC 0.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent.Hong Kong's Hang Seng rose 1.0.percent and the Shanghai Composite Index bounced 2.2 percent. Australian stocks rose 1 percent, South Korea's KOSPI added 0.6 percent and Japan's Nikkei gained 1.3 percent.

11:00 (IST) 12 Jul 2018
Rupee's broader trend still negative - Tradebulls

"Indian Rupee opened strongly today but the broader trend still is negative. It has resistance today coming around 68.90 and support emerging near 68.60. DXY yesterday was oscillating between 93.30-94.20 which is the reason behind our restricted currency movement yesterday. Since past 2 trading session, INR is facing stiff resistance near 69 which might hint at RBI intervening around that level. We reiterate our view that as long as INR Fut is trading above 68.50, we don’t see any significant appreciating coming in rupee. On the higher side above 69, we expect the moves till 69.20. Intraday 68.72 will emerge as strong support for the currency."

-  Bhavik Patel – Sr. Technical Analyst, Tradebulls Securities

10:53 (IST) 12 Jul 2018
Nifty50 Gainer/Losers

10:50 (IST) 12 Jul 2018
Most active securities on NSE

10:44 (IST) 12 Jul 2018
Foreign funds buy shares

Foreign funds bought shares worth a net of Rs 636.27 crore, while DIIs made purchases worth a net of Rs 15.33 crore on yesterday, provisional data showed. An appreciating rupee, heavy buying by domestic institutional investors (DIIs) and encouraging start to the earnings season are contributing to the uptrend in market, brokers said.

10:31 (IST) 12 Jul 2018
Buzzing stocks: Adani Power, IDBI Bank

Adani Power emerged as the most traded stock on NSE in morning trade today with over 1.88 crore shares changing hands. For IDBI Bank 0.90 crore and Indian Oil Corporation 0.75 crore were the next in line.

10:30 (IST) 12 Jul 2018
OMCs, airline stocks jump on lower crude oil prices

Shares of oil marketing companies, airlines jump after crude oil prices posted their biggest one-day drop in two year. Shares of Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd and Indian Oil Corp Ltd gain over 4% each and were the top pct gainers on the broader index. Interglobe Aviation Ltd, which owns country's biggest carrier IndiGo, and Jet Airways (India) Ltd trade 4% higher, while SpiceJet Ltd gains over 3%.

10:19 (IST) 12 Jul 2018
Banks lead the rally

Both public and private sector banks are leading the rally today.  SBI, Yes bank, induInd Bank, HDFC Bank, Axis Bank are trading over 1% in the morning trade today.  State Bank of India (SBI) is leading the pack with its shares trading at Rs 263.50  up 1.72% today.

10:09 (IST) 12 Jul 2018
TCS in red after stellar performance yeaterday

Shares of TCS are trading in red down by -0.04% at Rs 1976.80. On Wednesday, TCS share price surged 6.29% to hit an all-time high of Rs 1,995 before closing at a fresh record closing high of Rs 1,979.6, up by 5.47% on BSE. The stock of TCS rallied even higher on NSE with the share price rising Rs 1,998, up by 6.55% before concluding up 5.06% at Rs 1,970. 

10:02 (IST) 12 Jul 2018
Asian stocks edge higher

Most Southeast Asian stock markets edged higher on Thursday, with the Philippines touching a near one-month high and Indonesia extending gains for a fourth session, as broader Asian peers recovered slightly from the previous session's steep losses. Asian shares outside Japan rose 0.3 percent, erasing early losses, as negative sentiment over mounting U.S.-China trade tensions eased.

09:57 (IST) 12 Jul 2018
IIP numbers to be out today

IIP for May will be announced today. IIP was recorded at 4.9% in April.  PMI moderated to 51.2 in May 2018 from 51.6 in April the index of core infrastructure industries too witnessed a slowdown to 3.6 per cent YoY in May, down from 4.6 per cent in the previous month. IIP indicates the production climate of the country.While the Nikkei Manufacturing PMI moderated to 51.2 in May 2018 from 51.6 in April the index of core infrastructure industries too witnessed a slowdown to 3.6 per cent YoY in May, down from 4.6 per cent in the previous month.

09:47 (IST) 12 Jul 2018
Sun Pharma's ongoing patent infringement lawsuit

The pharmaceutical company’s arm DUSA has filed trade secret misappropriation and tortious interference claims in an ongoing patent infringement lawsuit against Biofrontera.

09:30 (IST) 12 Jul 2018
BSE Sensex Heatmap

09:20 (IST) 12 Jul 2018
Sensex opens at record high, Nifty reclaims 11,000 mark

Nifty crosses 11,000 mark in opening trade on Thursday to hit a high 11,015.45. BSE Sensex hits record high, crosses earlier level of 36,444 hit on January 29.

09:13 (IST) 12 Jul 2018
Pre-open session

Sensex is up 100 points in the opening trade today while Nifty50 is testing 10,950 levels. On Wednesday, BSE Sensex closed higher by 26.31 points, or 0.07%, to 36,265.93, while the Nifty 50 edged up 1.05 points, or 0.01%, to close at 10,948.30.

09:09 (IST) 12 Jul 2018
Foreign exchange market opens

Rupee opens flat at 68.76. The Indian rupee closed at 68.77 on Wednesday largely on concerns of rising crude oil prices. 7.17%, 2028 bond yield opened at 7.81% vs previous close of 7.87%.

08:56 (IST) 12 Jul 2018
HCL Technologies to consider buy-back proposal today

HCL Technologies to consider a proposal for buy-back on July 12. HCL completed a buyback in 2017. HCL repurchased shares worth Rs 3,500 crore in 2017. The company has a cash and cash equivalents of Rs 9,770.35 crore as on March 2018, data sourced from Bloomberg revealed.

08:47 (IST) 12 Jul 2018
Karnataka Bank, Cyient to announce Q1 earnings today

IT firm Cyient and PSU bank Karnataka Bank will announce their Q1 results today. Crown Tours, Talwalkars Lifestyles and Inditalia Refcon will also announce their June earnings today.

Share Market Highlights: Sensex jumped 282.48 points on Thursday to close at a new peak of 36,548.41 while Nifty ended up 74.90 pts to 11,023.20. The surge was led by RIL and HDFC shares which ended the day up by 4% and 2% respectively. On Wednesday, Indian equity markets ended on a flatter note on  with Sensex and Nifty just managing to close in green.
Switch to Hindi Edition