Share Market today: Sensex ends 114 pts up; Nifty settles tad below 10,700; Infosys, RIL, TCS shares up 1%

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Updated:Jul 03, 2018 5:02:55 pm

Stock market today: Sensex closed Tuesday's trade 114.19 points or 0.32% higher at 35,378.60 points. The Nifty of the National Stock Exchange settled a tad below the 10,700 mark at 10,699.90 points, up 42.60 points or 0.40% from its previous close. Shares of Infosys, ONGC, Reliance Industries, Sun Pharma, Maruti Suzuki, TCS, Hero MotoCorp and Kotak Bank gained on the BSE Sensex index.

The BSE SME Platform, BSE SME, Edelweiss SME Lending-BSE MSME Day, Indian SME, SME, platform, BSE, MSME, Thakur, panelShare Market live today: Indian stock markets opened on a flat-to-negative note on Tuesday

Strong buying in blue-chips Infosys, ONGC, Reliance Industries, Sun Pharma, Maruti Suzuki, TCS, Hero MotoCorp and Kotak Bank among others gave a boost to the BSE Sensex index which closed Tuesday’s trade 114.19 points or 0.32% higher at 35,378.60 points. The Sensex rose 180 points to a high of 35,445.21 points during intra-day trade. Shares of Vedanta Ltd closed with losses of 3.25%.

The Nifty of the National Stock Exchange settled a tad below the 10,700 mark at 10,699.90 points, up 42.60 points or 0.40% from its previous close. The Nifty scaled an intra-day high of 10,713.30 points. The Bank Nifty closed flat, down 0.10%.

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17:02 (IST)03 Jul 2018
Appreciation in rupee over dollar and a positive rebound in global market provided some stability in domestic market - Geojit Financial Services

"Appreciation in rupee over dollar and a positive rebound in global market provided some stability in domestic market. Pharma & IT stocks outperformed owing to the advantage of favorable exchange rate and improving outlook. However, global trade tensions may influence investors to retain a cautious approach to the market in the near term."

- Vinod Nair, Head of Research, Geojit Financial Services

16:23 (IST)03 Jul 2018
Sensex settles 114 points higher on strong buying in blue chip stocks

Strong buying in blue-chips Infosys, ONGC, Reliance Industries, Sun Pharma, Maruti Suzuki, TCS, Hero MotoCorp and Kotak Bank among others gave a boost to the BSE Sensex index which closed Tuesday’s trade 114.19 points or 0.32% higher at 35,378.60 points. The Sensex rose 180 points to a high of 35,445.21 points during intra-day trade. Shares of Vedanta Ltd closed with losses of 3.25%.

The Nifty of the National Stock Exchange settled a tad below the 10,700 mark at 10,699.90 points, up 42.60 points or 0.40% from its previous close. The Nifty scaled an intra-day high of 10,713.30 points. The Bank Nifty closed flat, down 0.10%.

16:01 (IST)03 Jul 2018
Fortis Healthcare shares surge nearly 10% IHH Healthcare's fresh binding offerd

Fortis Healthcare shares jump nearly 10% after IHH submits fresh bid

The shares of Fortis Healthcare jumped nearly after Malaysia’s IHH Healthcare Berhad on Tuesday made a fresh binding offer to the company’s board. The offer is valid till July 16, 2018, IHH Healthcare Berhad said in a regulatory filing.

15:41 (IST)03 Jul 2018
"Markets are stuck in a small range and we think this rangebound activity might continue for some more time lacking larger cues." - Zerodha

"Markets opened the day flat and a rally which soon ensued too the indices higher throughout the session to close at the highest point for the day. Nifty closed with gains of over half a percent, while the bank nifty did not fare as well and closed flat for the session. Pharma and IT were the best-performing stocks for the session whereas ICICI and HDFC Bank were some of the worst performers. Fiis continue to be net sellers for the year. Markets are stuck in a small range and we think this rangebound activity might continue for some more time lacking larger cues. We maintain a bearish outlook at the current juncture and would not advocate entering fresh longs at this point."

-Nikhil Kamath, Co-Founder, Zerodha

15:40 (IST)03 Jul 2018
Closing bell: Sensex closes 114 points higher, Nifty settles at 10,699.90

At 3.30 p.m., the BSE Sensex closed 114.19 points or 0.32% higher at 35,378.60 points. The NSE Nifty rose 42.60 points or 0.40% to close at 10,699.90 points.  Maruti, Infosys, Sun Pharma, ONGC, Kotak Bank, ITC, Tata Motors, Tata Steel, RIL, TCS were the top Sensex gainers.

15:18 (IST)03 Jul 2018
Gold prices in New Delhi today: gold falls Rs 40 per 10 gms

Gold prices went down by Rs 40 to Rs 31,360 per ten grams on weak trend overseas amid fall in demand from local jewellers, PTI reported. Silver followed suit and shed Rs 50 to Rs 40,300 per kg due to reduced offtake by industrial units and coin makers.

15:01 (IST)03 Jul 2018
Nifty at 11,380 by December, but BJP’s loss in 2019 elections will hurt valuations - Nomura

Nifty at 11,380 by December, but BJP’s loss in 2019 elections will hurt valuations, says Nomura

The stock market is expected to remain volatile in the run-up to the general elections due next year and this political uncertainty will limit valuations in the near term as well, says a Nomura report. The Japanese financial services major, has a Nifty target of 11,380 for December this year. “Our Nifty target of 11,380 is based on a forward multiple of 16x December 2018F earnings,” the report said, adding that sector-wise, it is overweight on financials (particularly retail private banks and insurance), autos, oil and gas, infrastructure /construction and healthcare.

13:30 (IST)03 Jul 2018
Flemingo Travel Retail gets Sebi's nod to float Rs 2,600-cr IPO

Leading duty-free and travel retail operator Flemingo Travel Retail has received capital markets regulator Sebi's go ahead to garner Rs 2,600 crore through an initial share-sale. With this, the total number of companies getting clearance from the Sebi to float initial public offer (IPO) this year has reached 29 so far.

13:21 (IST)03 Jul 2018
US crude hits highest since late 2014

Oil prices rose on Tuesday after Libya declared force majeure on some of its supplies, while an ongoing Canadian outage lifted US crude to levels not seen since late 2014, Reuters reported. US WTI crude futures were at $74.73 at 0724 GMT, up 79 cents, or 1.1%, from their last settlement. They earlier marked their strongest since November 2014 at $74.84 a barrel. Traders said this was largely due to an expected fall in North American fuel inventories following the 350,000 barrel per day (bpd) Syncrude outage in Canada.

13:17 (IST)03 Jul 2018
Nikkei hits near 3-month lows on growing Sino-U.S. trade war fears

Japanese shares slipped to near three-month lows on Tuesday in choppy trade, Reuters reported. The Nikkei index fell on growing worries that the new tariffs the US and China have threatened to impose on each other will kick in at the end of this week. The Nikkei average ended down 0.12% at 21,785.54. At one point it dropped as much as 1.1% to 21,574, its lowest level since mid-April.

13:01 (IST)03 Jul 2018
BSE to delist 222 companies from July 4

BSE to delist 222 companies from July 4; find out which firms will not trade on BSE anymore

BSE will delist as many as 222 companies from tomorrow as trading in their shares has remained suspended for over six months. The move comes at a time when authorities are clamping down on shell companies -- listed as well as unlisted -- for being allegedly used as conduits for illicit fund flows, PTI reported. 

12:43 (IST)03 Jul 2018
SEBI slaps Rs 1.6 crore fine on 2 firms for stock market trading fraud

Brokers beware! SEBI penalises 2 firms for stock market trading fraud, slaps Rs 1.6 crore fine

Markets regulator Sebi has slapped penalties totalling Rs 1.6 crore on two entities for indulging in fraudulent trading in shares of Kavveri Telecom Products Ltd (KTP). The Securities and Exchange Board of India (Sebi) in an order said it has levied a fine of Rs 90 lakh on Antala Real Broking & Impex Private Ltd and a penalty of Rs 70 lakh on Vishu Enterprises. The regulator had conducted a probe into trading of shares of Kavveri Telecom Products Ltd for the period from June to December 2010.

12:26 (IST)03 Jul 2018
Vedanta shares tank 4% on falling metal prices

Vedanta Ltd's shares retreated from their two-and-a-half week highs, dropping as much as 4% to a low of Rs 230. On the BSE, the shares plunged 3.6% to a low of Rs 230.20. Vedanta shares emerged as the top percentage losers on India's bourses. The copper to aluminium producer posts its biggest intraday pct loss since June 19 after LME copper prices hit a 7-month low overnight. Aluminium prices also hit a near-three month low on Monday night.

11:56 (IST)03 Jul 2018
Gold futures slip 0.13% to Rs 30,551 on global cues

Gold prices fell by 0.13% to Rs 30,551 per ten grams in futures trading today as speculators trimmed positions tracking a weak global trend, reported PTI. At the MCX, gold for delivery in October fell by Rs 40 or 0.13% to Rs 30,551 per ten grams in a business turnover of 20 lots. The yellow metal for delivery in August shed Rs 21, or 0.07 per cent, to Rs 30,268 per ten grams in 962 lots. Globally, gold fell 0.18 per cent to USD 1,239.30 an ounce in Singapore.

11:52 (IST)03 Jul 2018
This is why rupee plunged to new 5-year low against US dollar

Rupee tanks to new 5-year low against US dollar: 5 key reasons

The Indian rupee extended losses in the early morning deals on Tuesday after opening flat and fell to a new 5-year low against the US dollar on the foreign exchange market after crude oil prices reversed the fall. The rupee shed as much as 17 paise vs US dollar to a new 5-year low of 68.9662 (rupee to dollar rate today), Bloomberg data showed. The domestic currency (rupee) has been reeling under pressure since February this year due to several factors including weaker macro data, LTCG tax on equities, trade wars between US and China and capital outflows.

11:36 (IST)03 Jul 2018
Sensex surges 165 points, Nifty reclaims 10,700

The BSE Sensex surged by 165 points to an intra-day high of 35430.15 points driven by healthy gains in ONGC, Hero MotoCorp, RIL, Tata Motors, Bajaj Auto, Axis Bank, TCS and Infosys stocks. The NSE Nifty rose 50 points to hit a high of 10,708.05 points. ONGC, Cipla, Tata Motors, BPCL, RIL, Hindalco, Hero MotoCorp shares were the top gainers on the National Stock Exchange.

11:31 (IST)03 Jul 2018
Oil and gas stocks gain; ONGC, RIL shares surge

The S&P BSE oil and gas index was up almost 1% on Tuesday with shares of ONGC, RIL, IGL, OIL trading with gains. Shares of ONGC surged by 2.41%, RIL shares rose 1.51%, IGL was up 1.25%. BPCL stocks rose 1.19%, OIL up 0.94% and Hindustan Petroleum was up 0.89%.

11:15 (IST)03 Jul 2018
Hero MotoCorp rises 2% on strong June sales numbers

Hero MotoCorp shares rose by 2% to Rs 3,484.95 on the NSE today after strong sales numbers announced on Monday. The shares of the company posted their biggest intra-day percentage gain since June 12. In a regulatory filing to the BSE, the automaker on Monday said that it posted record sales in the month of June at 704,562 units of motorcycles and scooters. "This translates into a growth of 13% over the corresponding month of the previous fiscal (June 2017) when the company had sold 624,185 units," it said.

10:56 (IST)03 Jul 2018
Check out Sensex top 5 gainers and losers

Top 5 gainers on the BSE Sensex: ONGC (up 3.05%), Hero MotoCorp (up 1.62%), Reliance Industries (up 1.45%),Bajaj Auto (up 1.19%) and TCS (up 0.98%).

Top 5 losers: Vedanta (down 3.16%), Power Grid (down 1.75%), Tata Steel (down 1.02%), ICICI Bank (down 1.01%)and HDFC (down 0.68%).

10:51 (IST)03 Jul 2018
PSU banks trade with losses, IDBI Bank shares tank over 6%

The Nifty PSU bank index traded 1.05% lower on Tuesday, with shares of IDBI Bank plunging almost 6.52%. The shares of PSU banks traded with losses after the government on Monday announced a banks-led, five-pronged, comprehensive plan — Sashakt — for the resolution of stressed assets with public-sector banks (PSBs), including creation of one or more widely held asset management companies for loans above Rs 500 crore. Shares of SBI traded 0.71% down, PNB shares traded 2.11% down, Bank of Baroda shares traded 1.10% lower.

10:35 (IST)03 Jul 2018
Manappuram Finance to acquire 85% stake in ISFC for Rs 212 crore

Non-banking financial company Manappuram Finance has entered into an agreement to acquire 85.39% stake in Indian School Finance (ISFC) for over Rs 212 crore. ISFC, which lends to educational institutions, including private schools, vocational colleges and institutes, coaching centres to build infrastructure, had assets under Management (AUM) of Rs 522.59 crore in FY 2018.  In a regulatory filing, the company said that it has also entered into a transfer restrictions agreement with ISFC and certain continuing shareholders of the target entity. 

10:27 (IST)03 Jul 2018
These stocks hit fresh 52-week highs/lows on the Sensex today

Hindustan Unilever (HUL) and Infosys shares hit new 52-week highs on the BSE Sensex index during mid-day trade on Tuesday, while shares of Power Grid recorded a fresh 52-week low of Rs 181.80. HUL scaled a fresh high of Rs 1,655.20 and Infosys of Rs 1345.70 per share.

10:21 (IST)03 Jul 2018
These stocks hit fresh 52-week highs on the NSE today

10:19 (IST)03 Jul 2018
NCC shares hits over 1-week high on bagging orders worth Rs 2,060.96 cr

NCC Limited's shares rose 4.5% to a high of Rs 101.35 on the NSE after the construction company said it has received four new orders totalling to Rs 2,060.96 crore in June. The level is the highest in over a week. In a regulatory filing to the BSE on Monday, the company informed that three orders out of four totalling to Rs 1,997.51 crore pertain to buildings division and one order of Rs 63.45 crore pertains to water and environment division. "All these orders are received from various central and state government agencies and do not include any internal orders," it said.

09:48 (IST)03 Jul 2018
Rupee trades 10 paise lower at 68.90 against US dollar

The Indian rupee traded 10 paise lower at 68.90 against the US dollar from its Monday's close at 68.80.

'Today USDINR is likely to remain in the range of 68.48 (stretched 68.17) to 68.96 (stretched 69.12). EUR has regained from yesterday’s fall (related to coalition row), but Dollar Index is still steady just about 95 level, presently at 94.91. Primarily due to continued trade frictions & fears, as the deadline of 6th July looms - wherein U.S. tariffs on Chinese exports are due to take effect. Asian markets are seriously down, especially HangSeng which is down by 945 points (though HongKong markets were closed yesterday) and Nikkei down by 128 points. Deep declines are seen in Chinese Yuan - which has fallen to 6.70 now, fearing the tariff deadline. Brent Crude has receded slightly - now at $ 77.89 per barrel. In all, global markets are nervous and the same will be reflected in Indian markets as well. SGX Nifty Fut is currently flat, and USDINR NDF 68.86 - flirting yet again near all-time lows.'

- Hiren Sharma, Founder and Managing Partner at Portia Advisory Services LLP

09:42 (IST)03 Jul 2018
Asian shares tumble to 9-month low on growing trade war fears

Chinese stocks went into a tailspin on Tuesday as turbulence gripped equity markets in Asia, which sank to nine-month lows, Reuters reported. Investors feared that the Sino-U.S. trade row could derail a rare period of synchronized global growth. The Asia Pacific MSCI index ex-Japan tumbled 1.4% to its lowest since September 29, while Japan's Nikkei average was down 0.86% to a nearly three-month low. Chinese stocks were hit the most, with Hong Kong's Hang Seng index diving 3.3% to its lowest level in ten months, the Shanghai Composite Index shedding 1.9% to hit a fresh 28 month low.

09:39 (IST)03 Jul 2018
Check out the most traded securities (by value) on The NSE

09:37 (IST)03 Jul 2018
Vedanta shares tank 3%

09:33 (IST)03 Jul 2018
Apple, Microsoft, Facebook gain 1% each on Wall Street

Wall Street ended higher on Monday after a choppy session, with gains in Apple and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners. Microsoft Inc, Facebook Inc and Apple Inc each rose 1 percent or more, pushing the S&P 500 information technology index up 0.99 percent, bringing gains for the year-to-date to 11 percent as investors bet on strong earnings from Silicon Valley in the approaching quarterly reporting season.

09:21 (IST)03 Jul 2018
Share market opens: Sensex falls 33 points in opening trade, Nifty down 18 points

Sensex of the BSE fell 33.43 points to a low of  35215.58 points in opening trade on Tuesday. The Nifty of the National Stock Exchange fell 18.85 points to hit an intra-day low of 10,638.45 points. Shares of Vedanta tanked 2.64% on the Sensex index. 

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