• Rajasthan

    Cong 101
    BJP 74
    RLM 0
    OTH 24
  • Madhya Pradesh

    BJP 115
    Cong 105
    BSP 4
    OTH 6
  • Chhattisgarh

    Cong 60
    BJP 23
    JCC 5
    OTH 2
  • Telangana

    TRS-AIMIM 85
    TDP-Cong 23
    BJP 3
    OTH 8
  • Mizoram

    MNF 24
    Cong 6
    BJP 1
    OTH 9

* Total Tally Reflects Leads + Wins

Share market HIGHLIGHTS: Sensex ends 47 points higher, Nifty below 10,900; Yes Bank up 5%; Sun Pharma tanks 7%

By: | Updated:Dec 03, 2018 3:57 pm

Share market HIGHLIGHTS: Extending gains for the sixth consecutive session, Sensex and Nifty closed Monday's trade in the positive territory led by gains in most metals, pharma, PSU banks, IT and FMCG stocks. However, a weak rupee, along with heavy selling pressure in pharma, media and auto stocks, trimmed gains of the headline indices.

Share Market Live, Stock Market Live, Nifty Live, NSE live, BSE live, Live Market Update, Market Today, Indian Share Market Live, Indian Stock Market LiveShare market LIVE today: Track BSE, NSE live updates here

Share market HIGHLIGHTS: Extending gains for the sixth consecutive session, Sensex and Nifty — the benchmark equity indices closed Monday’s trade in the positive territory led by gains in most metals, pharma, PSU banks, IT and FMCG stocks. According to market observers, optimism ruled the domestic markets tracking euphoria in other Asian stocks after US President Donald Trump and his Chinese counterpart Xi Jinping agreed to a truce and halted their tariff war at the G20 meet. However, a weak rupee, along with heavy selling pressure in pharma, media and auto stocks, trimmed gains of the headline indices.

The BSE Sensex closed Monday’s trade 46.70 points or 0.13% higher at 36,241 points. The NSE Nifty was just shy of the 10,900 mark and closed 7 points or 0.06% up at 10,883.75 points. Yes Bank was the top Sensex gainer, while Sun Pharma was the top drag, down 7%. On the NSE, Indiabulls Housing Finance was the top Nifty gainer. The headline indices had opened Monday’s trade in the positive territory on Monday tracking positive global cues.

Asian shares rallied after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets, reported Reuters. Trade-exposed currencies led the early gains, with the Australian dollar notching a four-month peak, while the dollar dropped to one-month lows against the yuan.

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Share Market HIGHLIGHTS: Sensex, Nifty, Indian Rupee vs US Dollar, Latest Stock Market News, NSE, BSE

15:44 (IST) 03 Dec 2018
Check out top Nifty gainers and losers

The NSE Nifty was just shy of the 10,900 mark and closed 7 points or 0.06% up at 10,883.75 points. Indiabulls Housing Finance was the top Nifty gainer, up over 9%, while Sun Pharma was the top drag, down 7%. Check top 5 Nifty gainers and losers here.

15:38 (IST) 03 Dec 2018
CLOSING BELL: Sensex ends 47 pts higher, Nifty below 10,900; Yes Bank up 5%; Sun Pharma tanks 7%

The BSE Sensex gained for the sixth consecutive day and closed Monday's trade 46.70 points or 0.13% higher at 36,241 points. The NSE Nifty was just shy of the 10,900 mark and closed 7 points or 0.06% up at 10,883.75 points. Yes Bank was the top Sensex gainer, while Sun Pharma was the top drag, down 7%.

 

15:11 (IST) 03 Dec 2018
Yes Bank appoints T. S. Vijayan as Independent Director

Yes Bank on Monday said it has appointed T. S. Vijayan as an Independent Director for a period of 5 years. "We would like to inform that the Board of Directors of the Bank on December 3, 2018 have approved the appointment of Mr. T. S. Vijayan (DIN: 00043959) as an Additional Director (Independent) of the Bank with immediate effect and his appointment as Independent Director for a period of 5 years, is subject to the approval of shareholders in the next General Meeting of the Bank," the bank said in a regulatory filing to the BSE. Yes Bank shares were trading 4.89% higher at Rs 177.95 per share.

14:53 (IST) 03 Dec 2018
Nifty trade in narrow range; Sun Pharma, M&M top losers

The NSE Nifty traded in a narrow range during the late-afternoon trade deals today as heavy selling pressure in pharma, media, banking and media stocks wiped off most of the gains. Sun Pharma and M&M were the top losers on the Nifty. Check out the top 10 Nifty losers in trade here:

14:38 (IST) 03 Dec 2018
Oil surges 5% on trade truce and expected supply cuts

Oil prices jumped by more than 5% on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to agree to cut supply, Reuters reported. U.S. light crude oil rose $2.92 a barrel to a high of $53.85, up 5.7%, before easing slightly to around $53.50 by 0830 GMT. Brent crude rose 5.3% or $3.14 to a high of $62.60 and was last trading around $63.15. China and the United States agreed during a weekend meeting in Argentina of the Group of 20 leading economies not to impose additional trade tariffs for at least 90 days while they hold talks to resolve existing disputes.

14:33 (IST) 03 Dec 2018
Viewpoint on rupee

The rupee has declined today on account of sharp rebound in the crude oil prices in the international market. Further India's GDP and fiscal deficit data disappointed the market. Hence the rupee is under pressure. Focus will now shift to the RBI and OPEC meetings. The RBI is likely to keep interest rate unchanged in the policy meet. But it's guidance will be important.

-- Rushabh Maru, Research Analyst , Anand Rathi Shares and Stock Brokers

14:22 (IST) 03 Dec 2018
HUL to buy GSK’s India biz for EUR 3.3 billion, GSK shares rise over 2%

Hindustan Unilever has finally and officially emerged as the winner to bad GSK Consumer’s India business, including the popular Horlicks and other brands, after months of negotiations and a race against other global FMCG majors. HUL board has approved the scheme of amalgamation with GSK Consumer India, under which the two companies will merge. HUL will get to acquire GSK Consumer’s Horlicks and other brands for as much as EUR 3.3 billion.

At the time of reporting, GlaxoSmithKline Consumer Healthcare stocks traded 2.41% higher at Rs 7,445 per share on the BSE. HUL shares were trading 1.28% higher at Rs 1,776 per share.

Also read: It’s final! Horlicks goes to Unilever; HUL to buy GSK’s India biz for EUR 3.3 billion

13:46 (IST) 03 Dec 2018
Here’s why you must convert your physical shares now

The final date to get physical shares converted to demat is just around the corner, and shareholders may not be able to sell their physical shares if they miss the dematerialisation deadline. As the deadline to dematerialise physical shares draws closer, Anita Gandhi, Whole Time Director at Arihant Capital Markets, asserts that the holders of physical shares will not be able to sell the securities unless they are converted to demat form. According to Gandhi, unless there is extension or any other directive issued by the Sebi for that purpose, the physical shares may become illiquid. “One has to move to the demat regime. There is no alternative unless the date is extended,” Gandhi told FE Online.

Read here: Deadline to transfer physical shares to demat draws closer! Here’s why you must convert your shares now

12:36 (IST) 03 Dec 2018
Rupee extends weakness, falls 65 paise against USD

Rupee extended weakness, slipping 65 paise to 70.24 against the US dollar, during the early afternoon trade deals today on the back of a rally in crude oil prices and weakness in the equity markets. In early morning trade, the rupee depreciated by 50 paise to 70.08 against the US dollar at the interbank foreign exchange amid strengthening of the US dollar against some currencies overseas. Besides increased demand of the US currency from importers, the dollar's strength against some currencies overseas weighed on the rupee but a higher opening of the domestic equity markets, capped the losses, PTI reported quoting forex traders.

12:31 (IST) 03 Dec 2018
RCom share price soars 18%

Shares of Anil Ambani-led Reliance Communications rocketed on Monday morning as the firm submitted corporate guarantee through Reliance Realty for deal with Mukesh Ambani’s Reliance Jio. On Friday, the Supreme Court cleared the sale of spectrum by Reliance Communications to billionaire Mukesh Ambani-controlled Reliance Jio. Reliance Communications share price zoomed by more than 17.8% to hit the day’s high at Rs 16.80 on NSE.

Read here: RCom share price soars 18% as firm submits Rs 1,400 crore as guarantee for deal with Mukesh Ambani’s Jio

11:52 (IST) 03 Dec 2018
Hindustan Petroleum, OIL shares slip as crude prices rise

Shares of oil marketing companies like Hindustan Petroleum, OIL, Reliance Industries, BPCL, IGL and IOC traded lower on Monday after oil soared more than 5% as U.S. and Chinese leaders brokered a truce in their trade conflict.

11:46 (IST) 03 Dec 2018
Global markets UPDATE: Asian shares, oil soar on Sino-U.S. trade truce

Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets and battered oil prices, said a Reuters report. Trade-exposed currencies led the early gains, with the Australian dollar notching a four-month peak, while the dollar dropped to one-month lows against the yuan. E-Mini futures for the S&P 500 climbed as much as 1.9%. MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1.8%. China's CSI300 index of Shanghai and Shenzhen shares rose 2.6%. In Japan, the Nikkei gained 1.3% to a six-week high.

11:14 (IST) 03 Dec 2018
Gold rises as US-China trade truce weighs on dollar

Gold prices gained early on Monday on a weaker dollar as a trade ceasefire between the United States and China revived investor demand for riskier assets, Reuters reported. Washington and Beijing agreed to halt additional tariffs in a deal that keeps their trade war from escalating as the two sides try again to bridge their differences with fresh talks aimed at reaching an agreement within 90 days. Spot gold was up 0.3% at $1,225.67 per ounce at 0407 GMT, while U.S. gold futures were up 0.4% at $1,230.4 per ounce.

11:12 (IST) 03 Dec 2018
Sensex off day's high; check top gainers and losers

The BSE Sensex fell nearly 170 points from its day’s high during the late-morning trade deals today as pharma, auto and PSU banks stocks witnessed selling pressure. Vedanta was the top Sensex gainer, up nearly 4%, while Sun Pharma was the top loser.

11:04 (IST) 03 Dec 2018
India's manufacturing sector activity hits 11-month high in Nov: PMI

The country's manufacturing sector activity improved in November and touched an 11-month high as new order flows encouraged companies to lift production amid strong demand conditions, a monthly survey said on Monday. The Nikkei India Manufacturing Purchasing Managers' Index strengthened from 53.1 in October to 54.0 in November, signalling the strongest improvement in the health of the sector in almost one year. This is the 16th consecutive month that the manufacturing PMI remained above the 50-point mark.

10:59 (IST) 03 Dec 2018
Sun Pharma shares crash as much as 11% on reports SEBI may reopen insider trading case

Shares of Sun Pharmaceutical Industries Limited plunged as much as 11% to Rs 441.95 on BSE in the early morning trade on Monday, following media reports that the Securities and Exchange Board of India (SEBI) has decided to start a probe against the drug major on the basis of a whistle-blower complaint. This is Sun Pharma’s biggest daily loss since May 2017. The stock hit an over six-month low and is the top decliner on the NSE. In a letter sent to the capital markets regulator SEBI, a whistleblower alleged that Sun Pharmaceutical Industries founder and managing director Dilip Shanghvi and his brother-in-law Sudhir Valia were engaged in financial irregularities with Dharmesh Doshi, a key figure from the 2001 Ketan Parekh scam, PTI reported.

Read here: Sun Pharma shares crash as much as 11% on reports SEBI may reopen insider trading case

10:19 (IST) 03 Dec 2018
Outlook on Indian banks stable: Moody's

Moody's Investors Service on Monday said it has a stable outlook on the Indian banking system for the next 12-18 months as economic growth prospects remain healthy amid weak, but stabilising, asset quality. The stable outlook is based on six parameters — operating environment, asset quality, capital, funding and liquidity, profitability and efficiency, and government support — all of which Moody's believe are stable, said a PTI report. The environment will stay stable, supported by robust economic growth, Moody's said in a statement. The agency expects the real gross domestic product (GDP) in India to grow 7.2% in the year ending March 2019 and 7.4% in the following year, driven by investment growth and strong consumption.

10:09 (IST) 03 Dec 2018
Tata Motors shares jump 2%

Tata Motors shares jumped over 2% to a high of Rs 175.60 per share on the BSE today. Tata Motors witnessed 4% decline in sales at 50,470 units in November 2018 as against 52,464 units over last year, due to low consumer sentiments as a result of liquidity crisis in the industry, higher interest rates and rising fuel costs.

10:03 (IST) 03 Dec 2018
Oil surges on U.S.-China trade truce, plans to cut output

Oil prices surged on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut, said a Reuters report. U.S. West Texas Intermediate (WTI) crude futures were at $53.63 per barrel at 0358 GMT, up $2.73 per barrel, or 5.4% from their last close. U.S. crude prices were further pushed up by an announcement from Canada that Alberta province will force producers to cut output by 8.7%, or 325,000 barrels per day (bpd), to deal with a pipeline bottleneck that has led to crude building up in storage. Most of Alberta's oil is exported to the United States.

09:59 (IST) 03 Dec 2018
Rupee falls 50 paise to 70.08 against US dollar in early trade

The rupee depreciated by 50 paise to 70.08 against the US dollar in early trade today at the interbank foreign exchange amid strengthening of the US dollar against some currencies overseas. Besides increased demand of the US currency from importers, the dollar's strength against some currencies overseas weighed on the rupee but a higher opening of the domestic equity markets, capped the losses, PTI reported quoting forex traders. The rupee opened lower at 69.87 against the dollar then dropped further to quote at 70.08, down 50 paise over its previous close. The rupee had strengthened by 27 paise to close at a four-month high of 69.58 against the US currency on Friday.

Read here: Rupee back to 70 per dollar, falls 50 paise against USD

09:56 (IST) 03 Dec 2018
Jet Airways shares open 3% up

Shares of Jet Airways opened over 3% higher at Rs 316 per share from its previous close on the BSE and touched an intraday low of Rs 306.40 in the early morning trade. According to media reports, the Naresh Goyal-controlled airline has decided to stop flying on seven Gulf routes from this month as it struggles to raise capital to stay afloat. The full-service carrier has decided to stop operating as many as 40 flights per week to Muscat, Doha, Dubai and Abu Dhabi from various cities, PTI reported citing sources.

Read the full story here: Jet Airways to stop flying on seven Gulf routes amid financial woes; shares up

09:50 (IST) 03 Dec 2018
Share market outlook: RBI policy, G20 meet outcome to steer Sensex, Nifty

Next week, investors and traders will have to keep an eye out for a couple of events, both on the global and domestic level, said market experts. Crucial events for the markets include outcome of US-China meet during the G20 summit and the upcoming OPEC meet on the global front. On the domestic side, traders will keep a close watch on the monetary policy meet of the Reserve Bank of India, Nikkei Manufacturing and Services PMI Data, as well the impact of the Q3 GDP data along with fiscal deficit released after market hours on Friday.

Read the full story here: Share market outlook: RBI policy, G20 meet outcome to steer Sensex, Nifty; check top stock picks for next week

09:39 (IST) 03 Dec 2018
Nifty PSU Bank index in red; stocks mixed

The Nifty PSU Bank index slipped into the red during early morning trade session today, with a majority of the stocks trading with losses. SBI shares slipped 0.14%, while Vijaya Bank gained 0.61%.

 

09:35 (IST) 03 Dec 2018
Viewpoint: U.S. China Smoke The Trade Peace Pipe

At the end of a high-stakes meeting between Donald Trump and Xi Jinping in Argentina on Saturday, China pledged to purchase more goods from the U.S. and open its market, while Washington said it would postpone plans to raise tariffs on Chinese goods. This is on expected lines. Coming on the heels of the US-Canada-Mexico pact that was signed on Friday to replace the Nafta and change in the hawkish stance of the U.S. Fed, this signals a risk-on in the markets. As a result, commodities, including Crude will do well. Oil marketing companies could see some profit booking. President Trump declared Wednesday a national day of mourning in honour of former President George Herbert Walker Bush. The NYSE and the Nasdaq markets will be closed Wednesday to mourn the death of Bush Sr.

India's gross domestic product (GDP) grew 7.1 % in July-September, down from 8.2 % in the previous quarter as high fuel prices, a sliding rupee and relatively weaker rural demand seem to have applied the brakes on the economy. Goods and Services (GST) collection in November dropped to Rs 97,637 crore, lower than Rs 1 lakh crore collected previous month. These Poor local cues will cap the gains for our market which will open with flourish on buoyant international cues. Mid cap and small cap stocks are set to show some sign of life today.

-- HDFC Securities

09:34 (IST) 03 Dec 2018
Sensex, Nifty trim some gains; Sun Pharma top loser

The BSE Sensex and NSE Nifty trimmed some of their opening gains on the ba ck of heavy selling pressure in pharma and auto stocks. Around 9.30 am, the Sensex traded 128.92 points or 0.36% higher at 36,323.22 points. The Nifty traded at 10,907.10 points, up 30.35 points or 0.28%. Sun Pharma was the top loser on the domestic bourses, down nearly 10% during the early morning trade session.

09:31 (IST) 03 Dec 2018
RCom most traded stock by volume

The NSE Nifty took cues from the global markets and opened in the positive territory on Monday. RCom was the most traded stock by volume on the NSE during the first 15 minutes of trade today. Check out all other stocks here:

09:28 (IST) 03 Dec 2018
Nifty technical outlook: Support shifted upward to 10,700-10,775

Support for the Nifty is now shifted upward to 10,700-10,775 range, according to a technical analyst. It would be advisable to remain long in Nifty for the upside target of 11,089, keeping SL at 10,700 on closing basis. As far as Bank Nifty is concerned, it has retraced more than 61.8% of the entire fall seen from 28,388 (August 2018 top) to 24,240 (October 2018 bottom). This development negates the chances of resuming downtrend, which initially started in August 2018.

Read the full technical outlook here

09:26 (IST) 03 Dec 2018
Sun Pharma shares dive nearly 10%

Shares of Sun Pharma dived nearly 10% to a low of Rs 443.10 per share on the BSE after reports that an insider trading case against the drug firm is likely to be opened by Sebi. Markets regulator Sebi is likely to reopen an insider trading case against Sun Pharmaceutical Industries as well as probe alleged lapses by some of its promoters and other entities in raising funds overseas, PTI reported quoting sources. The development comes after a whistleblower reportedly approached Sebi with a document alleging various irregularities by the company, its promoter Dilip Shanghvi and others, they added.

09:23 (IST) 03 Dec 2018
OPENING BELL: Sensex opens over 200 pts higher, Nifty firm above 10,900; Sun Pharma sinks 9%

Sensex and Nifty — the benchmark indices of the domestic equity markets — opened in the positive territory on Monday tracking positive global cues. The BSE Sensex jumped over 200 points, while the NSE Nifty 50 traded firmly above the 10,900 level in opening trade today.

Share market last week: Sensex and Nifty gave up their morning gains to end Friday's trade marginally higher. According to market observers, weakness in the rupee and selling pressure in FMCG, metals and financials stocks, capped morning gains. In addition, caution ahead of the two-day G20 Summit, along with the release of domestic gross domestic product (GDP) data later in the evening, too kept investors on tenterhooks. However, healthy buying in IT, pharma, realty and auto stocks aided the headline indices to end with marginal gains.
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