Share market HIGHLIGHTS: Sensex ends 23 pts up, Nifty below 10,900; Yes Bank gains 6%, Tata Motors down 3%

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Updated:Nov 30, 2018 4:17:45 pm

Share market HIGHLIGHTS: 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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Share market LIVE today: Sensex and Nifty — the benchmark indices of the domestic equity markets — gave up their morning gains to end Friday’s trade marginally higher. The BSE Sensex, which surged over 200 points to a high of 36,389.22 points in the morning hours, closed trade 23.89 points or 0.07% higher at 36,194.30 points. The other headline index, NSE Nifty 50 — which had reclaimed the 10,900-mark in morning trade — closed below that level at 10,876.75 points, up just 18.05 points or 0.17%.

According to market observers, weakness in the rupee and selling pressure in FMCG, metals and financials stocks, capped the morning gains of the equity indices. 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. The broader markets outperformed the benchmark indices, with the BSE midcap index closing with 0.56% and the small index with 0.52% gains.

Among stocks, Vodafone Idea shares slumped over 6% in trade today after ratings agency CRISIL downgraded the ratings of its debt instruments. RCom shares jumped 15% after media reports said the Supreme Court has asked the government to clear RCom’s spectrum sale to Reliance Jio Infocomm. Shares of non-banking financial companies (NBFCs) gained after RBI relaxed rules to sell or securitise their loan books, in a bid to ease persistent stress in the sector. Shares of Tata Motors slipped nearly 4% today after its subsidiary JLR on Thursday said it will reduce workforce at its UK plant.

Emerging market shares fell on Friday, backtracking from an upward trend for the past month as investors took a cautious stance ahead of high-stakes US-China trade talks over the weekend, with most currencies weakening against a firmer dollar, said a Reuters report. Chinese stocks bucked the broader trend, shrugging off data that showed growth in the country’s manufacturing sector stalled for the first time in more than two years, but in thin trading ahead of the G20 Summit.

Oil toiled at a more than one-year low after its worst month in a decade on Friday, while most major markets were keeping moves tight ahead of a weekend meeting between U.S. and Chinese presidents Donald Trump and Xi Jinping, said a separate report by Reuters. Europe’s main share indexes in London, Frankfurt and Paris all started their day lower after the latest batch of disappointing Chinese data had made for another twitchy Asian session overnight.

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

16:00 (IST)30 Nov 2018
Viewpoint: Geojit Financial Services

"Market ended with a positive note after witnessing a roller coaster effect ahead of G20 meet and expectation of oil production cut in the upcoming OPEC meet. On the other hand, FIIs turned positive to domestic market as fall in oil prices to bearish territory and appreciation in rupee will stimulate economic growth."

-- Vinod Nair, Head of Research, Geojit Financial Services

15:49 (IST)30 Nov 2018
NSE live! Yes Bank top Nifty gainer, HPCL top loser

The NSE Nifty had on Friday reclaimed the 10,900 mark during morning trade deals. However, the index gave up its earlier gains on the back of heavy selling in banking, metals and FMCG stocks and ended the day's trade at 10,876.75 points, up just 18.05 points or 0.17%. Yes Bank was the top gainer in today's trade, up over 6%. Check out the other Nifty gainers and losers here:

15:39 (IST)30 Nov 2018
CLOSING BELL: Sensex ends 23 pts up, Nifty below 10,900; Yes Bank gains 6%, Tata Motors down 3%

The BSE Sensex closed Thursday's trade 23.89 points or 0.07% higher at 36,194.30 points. The NSE Nifty ended at 10,876.75 points, up 18.05 points or 0.17%. Check out the top Sensex gainers and losers here:

 

15:33 (IST)30 Nov 2018
Top Sensex contributors today

The BSE Sensex surged over 200 points to a high of 36,389.22 points in today's trade. However, the index gave up its gains and turned rangebound during the afternoon trade deals as banking, metals and FMCG stocks struggled. Check out the top Sensex contributors and drags in today's trade:

15:22 (IST)30 Nov 2018
Inox Leisure allots shares worth Rs 160 cr to promoter

Multiplex operator Inox Leisure has said its board has approved the allotment of 64 lakh equity shares worth Rs 160 crore to its promotor Gujarat Fluorochemicals. "The board of directors of the company...approved the allotment of 64,00,000 equity shares of face value Rs 10 each to Gujarat Fluorochemicals Ltd, the holding company, (promoter) at the issue price of Rs 250 per equity share, including a premium of Rs 240 per equity share, aggregating to Rs 1,60 crore," Inox Leisure said in a BSE filing. Pursuant to this allotment, the percentage shareholding of Gujarat Fluorochemicals in Inox Leisure increased from 48.09 per cent to 51.32%, the company added. Shares of Inox Leisure traded 2.47% higher at Rs 217.50 per share on the BSE.

15:15 (IST)30 Nov 2018
Vodafone Idea shares slip further, slumps 6% after Crisil downgrades ratings

Vodafone Idea shares slumped over 6% in trade today after ratings agency CRISIL downgraded the ratings of its debt instruments. Shares of Vodafone Idea slipped 6.1% to a low of Rs 35.45 per share on the BSE. Vodafone Idea on Thursday said CRISIL has downgraded the rating on non-convertible debentures of Rs 6,000 crore and has re-affirmed its rating on commercial paper of Rs 2000 crore of erstwhile Vodafone Mobile Services.

15:09 (IST)30 Nov 2018
Stock brokers angry on online brokerage 5paisa.com’s latest ad campaign

Online discount brokerage 5paisa.com’s latest advertisement campaign ‘broker hatao, brokerage bachao’ has raised eyebrows among the country’s stock brokers as the community claims it to be incorrect “legally and factually”. In a letter addressed to the exchanges and SEBI, stockbrokers industry body Association of National Exchanges Members of India (ANMI), has alleged that the ad campaign propagates misconception that offline brokers are not required to carry out trades.

Read the full story here: Stock brokers angry on online brokerage 5paisa.com’s latest ad campaign; here’s why

13:35 (IST)30 Nov 2018
Oil India falls most in 8 weeks

Shares of state-run oil and gas explorer Oil India Ltd (OIL) fell nearly 7% to Rs 188.1, marking their lowest since October 9. The company had earlier this month said it will buy back shares worth about Rs 1,086 crore, and set December 3 as the record date to determine the entitlement and shareholders eligible to participate in the buyback, said a Reuters report. According to Fitch Ratings, the buyback will drive up Oil India's net debt levels in addition to its need to fund its negative free cash flows due to its plans for higher capex and dividends. The stock witnessed the sharpest intraday percentage fall since October 5.  Last week, Moody's had said the buyback proposal was credit negative, the report added.

12:37 (IST)30 Nov 2018
RCom shares surge 15%

RCom shares jumped 15% after media reports said the Supreme Court has asked the government to clear RCom’s spectrum sale to Reliance Jio Infocomm.  Shares of Reliance Communications Ltd surged 14.9% to Rs 14.65 per share on the NSE, marking its biggest intraday gain since November 1. According to media reports, the Supreme Court has asked the Department of Telecom (DoT) to clear RCom's spectrum sale to Reliance Jio Infocomm Ltd on corporate guarantee of Rs 1,400 crore. The court has also asked the DoT to give no objection certificate for takeover within a week of receiving the guarantee, the report added. The stock had lost 64.7% this year as of last close.

12:13 (IST)30 Nov 2018
Top 10 Nifty gainers at this hour

The NSE Nifty traded well above the 10,900-mark in morning trade today. However, profit booking in most banking and metal stocks trimmed some gains of the index. Here are the top 10 stocks which were the gainers on the Nifty at this hour:

12:09 (IST)30 Nov 2018
Private banks in red; ICICI Bank drops 1.5%

Private banks stocks traded in the negative territory on Friday, even as the headline Nifty traded with gains. ICICI Bank, Kotak Bank, IndusInd Bank, IDFC BAnk, Axis Bank, HDFC Bank and Federal Bank stocks traded with losses. However, these three private banks stocks traded with gains of up to 5%. Check out here:

12:01 (IST)30 Nov 2018
CPSE ETF fourth tranche subscription ends today

The subscriptions for the fourth tranche of CPSE ETF which opened on November 28th, ends today for retail investors. After seeing a robust demand, with anchor investors lapping up the issue by bidding for Rs 13,300 crore or 5.5 times the portion reserved for them. Notably, the ongoing FPO saw bids worth over Rs 3,000 crore from investors on Wednesday, with 95% subscription by retirement funds and insurance companies. According to a PTI report, the government is likely to retain Rs 17,000 crore from the ongoing CPSE ETF follow on offer, as against the original offer size of Rs 14,000 crore.

Read full story here: CPSE ETF fourth tranche subscription ends today: Should you invest?

11:56 (IST)30 Nov 2018
Sensex trims gains; most banking stocks in red

The BSE Sensex trimmed early morning gains and traded 65.18 points or 0.18% higher at 36,235.59 points. Heavy selling pressure in bluechips like Tata Motors, NTPC, ICICI Bank, Vedanta, ONGC, IndusInd Bank and Coal India put pressure on the Sensex. Check out the top Sensex gainers and losers at this hour:

11:31 (IST)30 Nov 2018
Oil prices creep up on expected OPEC cuts

Oil prices firmed on Friday on expectations that OPEC and Russia will agree some form of production cuts next week, although swelling U.S. supplies kept markets in check, said a Reuters report. International Brent crude oil futures were at $59.65 per barrel at 0533 GMT, up 14 cents, or 0.2%, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up just 3 cents at $51.48 per barrel. Despite the firmer prices, crude oil has lost almost a third in value since early October because of an emerging supply glut following a global surge in production, including from the United States, Russia and by the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC).

11:26 (IST)30 Nov 2018
Financials top laggards on the NSE

The Nifty banking, financial services and private banks indices were the top losers in today's trade. Meanwhile, the BSE Sensex traded with appreciable gains during the late-morning trade deals today. The NSE Nifty 50 tested the 10,900-mark.

11:06 (IST)30 Nov 2018
Pakistani rupee plunges nearly 6% in likely devaluation: Report

The Pakistani rupee plunged nearly 6% on Friday in what dealers suspected was the sixth currency devaluation by the central bank in the past 12 months, said a Reuters report. The rupee was trading at about 143 per dollar by 9:40 a.m. (0440 GMT) after closing at 134 on Thursday, two market participants said. Both agreed that the move was probably a decision by the central bank to devalue further, with the government engaged in on-going talks for a bail-out from the International Monetary Fund.

11:03 (IST)30 Nov 2018
Sensex set for best month since July: Report

India’s stocks headed for their best month in four on signs that foreign buying is increasing as the local currency strengthened while the price of crude oil slipped into bear territory. The benchmark S&P BSE Sensex rose 5.6% in November, the steepest monthly gain since July. It climbed 0.5% to 36,360.93 at 9:35 in Mumbai on Friday. The NSE Nifty 50 Index rose 5% this month. Overseas investors bought net Indian shares worth $720.1 million through Nov. 28 after three months of net selling, according to data compiled by Bloomberg.

Read here: Sensex set for best month since July as foreign investor buying rises

11:02 (IST)30 Nov 2018
CPSE ETF fourth tranche subscription ends today: Should you invest?

The subscriptions for the fourth tranche of CPSE ETF which opened on November 28th, ends today for retail investors. After seeing a robust demand, with anchor investors lapping up the issue by bidding for Rs 13,300 crore or 5.5 times the portion reserved for them. Notably, the ongoing FPO saw bids worth over Rs 3,000 crore from investors on Wednesday, with 95% subscription by retirement funds and insurance companies. According to a PTI report, the government is likely to retain Rs 17,000 crore from the ongoing CPSE ETF follow on offer, as against the original offer size of Rs 14,000 crore. We take a look at whether you should invest in CPSE ETF.

Also read: CPSE ETF fourth tranche subscription ends today: Should you invest?

10:44 (IST)30 Nov 2018
Yes Bank extends gains; up nearly 7%

Shares of India’s major private sector lender Yes Bank snapped a 5-day losing streak, and rallied as much as 7% after the firm clarified that reports about Rana Kapoor eyeing Chairman seat has been taken out of context. Yes Bank share price rallied more than 6.7% to intra-day high of Rs 171.35. Yes Bank shares had tanked as much as 9% to a fresh 33-month low on Thursday, after ICRA, CARE downgraded ratings on the lender’s debt instruments. However, shares of the bank soon staged a smart recovery of nearly 13% from its day’s low at Rs 147 per share on the BSE.

Read the full story here: Yes Bank share price rallies 6.5% after firm clarifies on reports of Rana Kapoor eyeing chairman post

10:41 (IST)30 Nov 2018
Gold prices range-bound ahead of Trump-Xi meet at G20 summit

Gold prices held range-bound on Friday as the dollar trod water after U.S. President Donald Trump sent mixed signals about the prospects for a trade deal with Beijing, while palladium notched a record high, said a Reuters report. Spot gold was little changed at $1,224.10 per ounce, as of 0357 GMT. U.S. gold futures were flat at $1,230.5 an ounce. Donald Trump and Chinese leader Xi Jinping are expected to discuss trade on the sidelines of the G20 summit in Argentina on Saturday, where global trade tensions are expected to dominate the agenda. However, Trump sent mixed signals on Thursday about the trade deal, saying an agreement was close but he was not sure he wanted one, just as he left for Argentina for a meeting with President Xi.

10:40 (IST)30 Nov 2018
Metals crack in trade; Vedanta drops over 1%

The Nifty metal index traded with losses of over 1% today, with most metal stocks like JSW Steel, Welspun Corp Limited, Nalco, Jindal Steel, Hindalco, Coal India and Vedanta shares falling over 1%. Shares of Steel Authority of India Limited traded with gains of 1%.

10:27 (IST)30 Nov 2018
NBFCs rise as RBI eases asset securitisation norms

Shares of non-banking financial companies (NBFCs) gained after RBI relaxed rules to sell or securitise their loan books, in a bid to ease persistent stress in the sector. NBFCs can now securitise loans of more than five-year maturity after holding those for 6 months on their books, the Reserve Bank of India said on Thursday. Dewan Housing Finance Corp Ltd shares rose 7.4% to Rs 214.8, while Indiabulls Housing Finance Ltd gained 3.4% to Rs 725. Bajaj Finance Ltd's shares rose 2.3% to Rs 2,564.40, their highest since September 19.

10:23 (IST)30 Nov 2018
PSU banks trade mixed

PSU banks stocks traded on a mixed note today. Central Bank of India, SBI, Bank of Baroda and Oriental Bank of Commerce shares traded with gains, while PNB, Syndicate Bank, Canara Bank and IDBI Bank shares traded lower.

10:18 (IST)30 Nov 2018
Asian shares wobble before Trump-Xi meeting

Asian shares wavered on Friday as investors were on edge before a crucial weekend meeting between the Chinese and U.S. presidents that could determine the course of a heated trade war over the next year, according to a Reuters report. MSCI's broadest index of Asia-Pacific shares outside Japan wobbled between positive and negative territory in early trade, as more evidence of a slowdown in China dampened sentiment. It was last up less than 0.1% and has risen 2.7% for the week so far, largely reflecting a rebound from a recent steep sell-off. In Japan, the Nikkei was up 0.4%, while Korean shares dropped 0.2% after the country's central bank lifted its policy interest rate in a widely expected decision.

10:05 (IST)30 Nov 2018
Dollar treads water ahead of Trump-Xi meet at G20 summit

The dollar trod water in nervous trade on Friday ahead of a meeting of U.S. and Chinese leaders that might, or might not, lead to a truce in the Sino-U.S. trade war, which would boost emerging market currencies at the expense of safe havens, Reuters reported. The greenback has been under pressure this week on growing expectations that the Federal Reserve would slow down its pace of monetary tightening, a view reinforced by comments on Wednesday from Chairman Jerome Powell. Despite the dovish comments from Fed officials, there was no large scale dollar sell-off, partly due to the strength of the U.S. economy, weakening growth elsewhere, and dollar's own status as a safe haven amid the Sino-U.S. trade war. It held steady Asian trade, with an index measuring its value versus six peers up marginally at 96.72.

09:59 (IST)30 Nov 2018
Rupee rises 21 paise to 3-month high of 69.64 against US dollar

Rising for the fourth straight day, the rupee climbed 21 paise to a three month high of 69.64 against the US dollar in early trade Friday, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities. Increased selling of the American currency by exporters and banks and sustained foreign fund inflows also supported the domestic currency, PTI reported quoting forex traders. At the interbank forex market, the rupee opened higher at 69.68 and rose further to quote at 69.64, showing a rise of 21 paise over its previous close. On Thursday the rupee had vaulted 77 paise to a three-month high of 69.85 per US dollar.

09:55 (IST)30 Nov 2018
Tata Motors slips nearly 4%

Shares of Tata  Motors slipped nearly 4% today after its subsidiary JLR on Thursday said it will reduce workforce at its UK plant. Tata Motors shares slipped by 3.84% to a low of Rs 170.50 per share on the BSE. Britain's biggest carmaker Jaguar Land Rover on Thursday said it will reduce the workforce at its plant in Wolverhampton, central England, by about 500 in a temporary move, said a Reuters report. The company said in response to adjustments in vehicle production schedules, the Engine Manufacturing Centre will take a temporary pause in production. Maintenance and salaried staff will continue as normal. Those affected will continue to receive full pay for the period.

09:47 (IST)30 Nov 2018
Indiabulls Housing Finance shares jump over 3%

Shares of Indiabulls Housing Finance jumped over 3% in trade today after the company on Thursday said it has raised Rs 200 crore through non-convertible debentures. The shares of the company rose 3.38% to a high of Rs 725 per share on the NSE. According to a regulatory filing, Indiabulls Housing Finance is in the process of issuing secured, redeemable, non-convertible debentures of face value Rs 10 lakh each aggregating Rs 20,000 crore, on a private placement basis. The bonds will mature in three years on December 29, 2021.

09:45 (IST)30 Nov 2018
Vodafone Idea shares slip 2.5% after Crisil downgrades ratings

Vodafone Idea shares slip 2.5% in trade today after ratings agency CRISIL downgraded the ratings of its debt instruments. Shares of Vodafone Idea slipped 2.5% to a low of Rs 36.80 per share on the BSE during early morning trade deals. Vodafone Idea on Thursday said CRISIL has downgraded the rating on non-convertible debentures of Rs 6,000 crore and has re-affirmed its rating on commercial paper of Rs 2000 crore of erstwhile Vodafone Mobile Services

09:40 (IST)30 Nov 2018
NSE live! Check out the most traded stocks

The NSE Nifty reclaimed the 10,900 mark in trade today buoyed by an appreciating rupee and healthy buying in index heavyweights. Yes Bank was the most traded stock by volume in the first 15 minutes of trade today. Check out the other most traded stocks today:

09:37 (IST)30 Nov 2018
Yes Bank shares snap 5-day fall; surge nearly 6%

Shares of the private sector lender Yes Bank snapped a 5-day falling streak and surged nearly 6% to a high of Rs 169.95 per share on the BSE during early morning trade today. Yes Bank shares had tanked as much as 9% to a fresh 33-month low on Thursday, after ICRA, CARE downgraded ratings on the lender’s debt instruments. However, shares of the bank soon staged a smart recovery of nearly 13% from its day’s low at Rs 147 per share on the BSE.

09:23 (IST)30 Nov 2018
NSE Live! Nifty reclaims 10,900; check top gainers and losers

The  NSE Nifty reclaimed the 10,900 mark in trade today.  Around 9.22 am, the Nifty rose by 50.40 points or 0.46% at 10,909.10 points. Check out the top gainers and losers here:

 

09:21 (IST)30 Nov 2018
OPENING BELL: Sensex jumps 130 pts, Nifty nears 10,900; Tata Motors slips 3%, Yes Bank up 2%

BSE Sensex jumped over 100 points in opening trade today. The NSE Nifty 50, too, opened in the positive territory and hovered near the 10,900-mark. Tata Motors shares slipped 3% in early morning trade, while Yes Bank shares rose over 2%.

Share market on Thursday: The BSE Sensex continued its winning streak for the fourth consecutive day and ended Thursday’s trade 453.46 points or 1.27% higher at 36,170.41 points. The NSE Nifty 50 closed 129.85 points or 1.21% higher at 10,858.70 points. The benchmark indices continued to gain for the fourth consecutive session today on the back of positive global cues, coupled with an appreciating rupee on the back of sliding crude oil prices, and healthy buying in financials stocks. The rupee appreciated past the 70/$ mark for the first time today in over three-months.
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