Share market HIGHLIGHTS: Fantastic Monday! Sensex ends 373 pts higher, Nifty up 1%; Hero MotoCorp jumps 6%

By: | Updated:Nov 26, 2018 4:27 pm

Stock market today: Amid positive global cues, rupee appreciation and a slide in crude oil prices, Sensex and Nifty closed Monday's trade on a bullish note. The BSE Sensex closed higher by 373 points or 1.07% from its Thursday's close, while the Nifty 50 ended trade 101.85 points or nearly 1% higher at 10,628.60 points.

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Share market HIGHLIGHTS: Amid positive global cues, rupee appreciation and a slide in crude oil prices, Sensex and Nifty closed Monday’s trade on a bullish note. The BSE Sensex closed at 35,354.08 points, up 373.06 points or 1.07% from its Thursday’s close. On the National Stock Exchange, the Nifty 50 ended trade 101.85 points or nearly 1% higher at 10,628.60 points.

While the headline Sensex ended with gains of over 1%, the broader markets underperformed with the S&P BSE mid-cap index closing just 0.06% higher, while the small-cap index ended 0.15% lower at 14,329.08 points. HDFC Bank, HUL, ITC, TCS, Axis Bank, ICICI Bank, Reliance Industries, Hero MotoCorp, IndusInd Bank and Maruti Suzuki were the top Sensex contributors today.

On the NSE, the Nifty FMCG and banking indices were the top sectoral gainers, while the Nifty metals and pharma were the top losers. The Nifty banking index closed higher by 1.41%. Hero MotoCorp, Wipro, HUL, Axis Bank and Asian Paints were the top Nifty gainers, while ONGC, Sun Pharma, Yes Bank, Vedanta and Coal India were the top losers.

Asian stocks and U.S. equity futures posted modest gains on Monday on hopes of solid U.S. holiday sales, though risk appetite was tempered as plunging oil prices fanned worries about the global economic outlook, said a Reuters report. Oil prices bounced slightly after having dived 8% on Friday for their biggest weekly losses in almost three years as signs of slowing demand and rising US production intensified fears of a supply glut.

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16:19 (IST)26 Nov 2018
Global Markets UPDATE: Europe rallies on Italy hopes, oil bounces after 'black' Friday

European stocks, Italian bonds and the euro rallied on Monday on signs that Rome was preparing to rework the spending plans that have left it facing formal European Union disciplinary action, reported Reuters. A bounce in oil prices after their 'black' Friday, the survival chances of Britain's newly-sealed Brexit agreement and renewed Russia and Ukraine tensions were keeping traders busy too, but it was Italy that stole the show. Deputy Prime Minister Matteo Salvini had hinted on Sunday at the possibility of tweaking the country's budget deficit goal, saying "no one is stuck" to the 2.4% target and the signs of a shift continued on Monday. Italy's banks index duly leapt 5.3% which put it on track for its strongest day since June, while shorter-term Italian borrowing costs fell sharply in the bond markets to their lowest since September.

16:09 (IST)26 Nov 2018
IndiGo ends over 2% higher after company clarifies on paid web check-in

Shares of low-cost carrier IndiGo ended 2.37% higher at Rs 1,049.80 per share on the BSE. After a row over IndiGo’s revised web-check in policy, India’s largest airline has clarified that passengers can still pre-book free seats on web check-in, subject to availability. IndiGo said in a statement that there has been no change in its web check-in policy, countering its own customer care’s claim on Twitter that the policy had been revised from 14 November 2018.

Read the full story here: IndiGo clarifies on paid web check-in: You can still pre-book free seats; here’s what the airline says

15:52 (IST)26 Nov 2018
Metals, pharma top sectoral losers

The NSE Nifty 50 closed Monday's trade with gains of nearly 1%. The Nifty FMCG and banking indices were the top sectoral gainers, while the Nifty metals and pharma were the top losers.

15:49 (IST)26 Nov 2018
Mid-caps, small-caps underperform Sensex

The BSE Sensex closed Monday's trade 373.06 points or 1.07% higher at 35,354.08 points amid positive global cues, rupee appreciation and a slide in crude oil prices. However, the broader markets underperformed the headline index. The S&P BSE mid-cap index closed just 0.06% higher, while the small-cap index ended 0.15% lower at 14,329.08 points.

15:45 (IST)26 Nov 2018
Nifty closes with nearly 1% gains! Check top Nifty gainers and losers

Amid positive global cues, rupee appreciation and a slide in crude oil prices, the NSE Nifty 50 closed Monday's trade on a bullish note. The index closed trade higher by 101.85 points or nearly 1% at 10,628.60points. Check out the top 5 Nifty gainers and losers:

15:37 (IST)26 Nov 2018
CLOSING BELL: Sensex ends 373 pts higher, Nifty up 1%; Hero MotoCorp jumps 6%

Snapping a three-day losing streak, the BSE Sensex closed Monday's trade up 373 points, while the NSE Nifty 50 ended firmly above the 10,600-mark. Hero MotoCorp ended with gains of 6%, while ONGC remained the top loser.

15:29 (IST)26 Nov 2018
FTSE joins European bounce as Brexit outlook keeps sterling in check

Britain's top share index joined. a European rally on Monday as gains in sterling were curbed by uncertainty over next month's vote in parliament over the Brexit deal that won backing on Sunday in Brussels, said a Reuters report. The exporter-heavy FTSE 100, which makes around 70% of its income abroad and tends to benefit from a weaker pound, rose 1.1%, while the more domestically focused FTSE 250 index added 1.2%.

15:26 (IST)26 Nov 2018
Sensex surges 400 points!

The BSE Sensex jumped over 400 points to a day's high of 35,397.24 points, led by healthy buying in bluechip stocks like Hero MotoCorp, HUL, Wipro, Axis Bank, Asian Paints, HDFC Bank, IndusInd Bank, Bajaj Auto, ITC and Maruti Suzuki. 

15:21 (IST)26 Nov 2018
Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in December

The government will infuse Rs 42,000 crore in the state-owned banks by March-end and the next tranche would be released as early as next month, PTI reported citing a senior finance ministry official. The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to improve their financial health. "We will infuse the next tranche of recapitalisation by mid-December. Close to Rs 42,000 crore remain to be infused as capital in public sector banks in the current financial year," the official said. He said that large PSBs such as State Bank of India and Punjab National Bank (PNB) may not need more capital infusion in the current financial year ending March 2019.

14:17 (IST)26 Nov 2018
CPSE ETF 4th tranche opens this week

The subscriptions for the fourth tranche of CPSE ETFs will kick-off this week on BSE’s Internet-based book building system (iBBS) platform, an online mechanism for investment. “The subscription CPSE ETF FFO-3 will commence from Wednesday, November 28, till Friday November 30, on BiMF (BSE iBBS Platform for Mutual Fund) module on iBBS platform of BSE,” the exchange said in a circular. CPSE ETF is a passive investment fund that was created to help the government in its disinvestment program of divesting stake in select Central Public Sector Enterprises (CPSE) through Exchange Traded Funds (ETF). The fund invests in the Nifty CPSE Index stocks – that includes eleven PSU companies selected on the basis of established track record, government holding, market capitalisation, dividend history, sector representation, etc. – in the same proportion and weightage as of the index.

Find out more about the Mega PSU disinvestment here: CPSE ETF 4th tranche opens this week; 5 key things to know about the FPO

14:14 (IST)26 Nov 2018
Italian stocks, banks surge on reports govt to tweak deficit plan

Italian stocks jumped on Monday on accumulating signs of a climbdown from the Italian government whose budget deficit plans had set it on course for disciplinary action from the European Union, said a Reuters report. The pan-European STOXX 600 climbed 1.1%, leading euro zone stocks jumped 1.3%, and Italy's FTSE MIB led the way by far with a 3% gain. Italy's banks index jumped 5.3%, on track for its strongest day since June.

14:01 (IST)26 Nov 2018
Sensex jumps over 250 points!

The BSE Sensex jumped over 250 points to a day's high of 35,238.57 points, led by healthy buying in bluechip stocks like HUL, Asian Paints,Bharti Airtel, IndusInd Bank, Hero MotoCorp, HDFC Bank and Wipro.

13:56 (IST)26 Nov 2018
China stocks extend losses as risk aversion deepens

China stocks shed early gains to end lower on Monday as investors weighed the confluence of risks in the upcoming U.S.-China trade talks, Chinese economy and global oil prices, Reuters reported. Financials were the outliers, anchoring the market and steadying the major indices. At close, the Shanghai Composite index was down 0.1% at 2,575.81. The blue-chip CSI300 index was also down 0.1%. Both indices had traded higher in the morning session, but ended weaker for a third consecutive day.

13:35 (IST)26 Nov 2018
FMCG stocks gain; Dabur up 4%

Shares of fast-moving consumer goods (FMCG) companies gained on Monday, with shares of Dabur, HUL and Colgate Palmolive gaining up to 4%. Check all FMCF stocks here:

13:32 (IST)26 Nov 2018
Oil prices claw back some losses after 'Black Friday' plunge

Oil prices on Monday clawed back some losses from a nearly 8% plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets, said a Reuters report. Front-month Brent crude oil futures had risen by 96 cents, or 1.6%, to $59.76 per barrel by 0745 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 62 cents, or 1.2%, at $51.04 per barrel. The gains partly made up for Friday's selloff, which traders have already dubbed 'Black Friday'. Reacting to Friday's falls in Brent and WTI, China's Shanghai crude futures on Monday fell by 5%, hitting their daily downside-limit.

13:31 (IST)26 Nov 2018
Metals crack; Jindal Steel & Power plunges nearly 7%

The Nifty metal index traded with losses today, with shares of Jindal Steel & Power slumping nearly 7% on the index. Check all metal stocks here:

13:27 (IST)26 Nov 2018
BSE live! Check top Sensex gainers and losers

The domestic stock market recovered from day’s low during the mid-afternoon trade session today, with the BSE Sensex gaining over 140 points or 0.40% to trade at 35,121.43 points. Check out the top Sensex gainers and losers here:

13:10 (IST)26 Nov 2018
Buy now to gain from stock market volatility in 2019 elections

Now is the time for equity investors to bet on India’s election results, even though the polls aren’t likely till May, according to FundsIndia. Investing five to six months before the elections in 2009 and 2014 earned an average three to six percent more than the Indian benchmark return in the five-year period to the next vote, said Vidya Bala, head of mutual fund research at the online retail investment platform with assets equivalent to $775 million under management. “Elections are a season of volatility and it is good to capture this period,” she said, adding that by the time the results are out, most of the uncertainty is priced in and the equity market moves on from the verdict.

Read full story here: Buy now to gain from stock market volatility in 2019 elections; this online investment platform explains why

12:43 (IST)26 Nov 2018
Paint stocks gain on lower oil prices

Shares of most paint manufacturing companies gained in trade today as oil prices remained under pressure. Shares of Kansai Nerolac Paints, Shalimar Paints, Berger Paints and Asian Paints gained up to 4% on the BSE. Oil prices on Monday clawed back some losses from a nearly 8% plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial markets in past weeks, said a Reuters report.

12:38 (IST)26 Nov 2018
Viewpoint: Rupee appreciation golden opportunity for importers

'The recent strong appreciation in the rupee is a golden opportunity for the importers. Given the volatility and uncertainty in the global financial markets, importers are rushing to hedge their exposure for the next 2-3 months. Hence there is strong dollar buying in the market by importers today. We are also seeing some month-end dollar demand. The near-term range for spot is 70.20 and 71.50.'

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

12:36 (IST)26 Nov 2018
Global Markets Update: Shares tick up on US holiday sales hopes, but oil rout checks enthusiasm

Asian stocks and US equity futures posted modest gains on Monday on hopes of solid U.S. holiday sales, though risk appetite was tempered as plunging oil prices fanned worries about the global economic outlook, said a Reuters report. Investors were also cautious before U.S. and Chinese leaders meet for crucial talks at the end of the week as trade tensions between the economic superpowers showed no signs of easing. European shares are seen opening higher, with spread-betters picking Britain's FTSE, France's CAC and Germany's DAX to rise 0.4-0.5%. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.6%, led by gains in Hong Kong and Taiwan, while Japan's Nikkei advanced 0.8%. In China, the Shanghai composite index eased 0.3%. US stock futures tacked on 0.6% in Asian trade, on hopes of brisk spending by U.S. consumers on so-called Black Friday and Cyber Monday sales.

11:54 (IST)26 Nov 2018
BSE live! Infosys, Yes Bank among top index drags

The BSE Sensex gave up all morning gains to trade in the negative territory led by heavy selling pressure in most IT, metals, pharma, realty, auto and PSU banks stocks. Infosys, ONGC, Yes Bank, TCS and Sun Pharma were among the top index drags while HDFC Bank contributed the most.

11:49 (IST)26 Nov 2018
Bharti Airtel sets Africa IPO in motion, appoints these 8 global bankers; shares jump 3%

Telecom major Bharti Airtel’s Africa business arm has announced the appointment of eight global banks including J P Morgan, Citigroup and Goldman Sachs to work on its intended IPO. “Airtel Africa announced the appointment of global banks for an intended IPO on an international stock exchange. The banks appointed are JP Morgan, Citigroup, BofA Merrill Lynch, Absa Group Limited, Barclays Bank PLC, BNP Paribas, Goldman Sachs International and Standard Bank Group,” Bharti Airtel said in a statement. On the back of the news, shares of the Sunil Bharti Mittal-led firm rose 3% to emerge as the top gainer in the Sensex this morning.

Read full story here: Bharti Airtel sets Africa IPO in motion, appoints these 8 global bankers; shares jump 3%

11:17 (IST)26 Nov 2018
NSE live! Check top 5 Nifty gainers and losers

The NSE Nifty gave up all its gains to trade on a flat-to-negative note during the late morning deals. Check out the top 5 gainers and losers on the Nifty here:

11:10 (IST)26 Nov 2018
Metals stocks lose sheen

The Nifty metal index dropped over 1% in trade today, with most stocks trading in the red.

10:50 (IST)26 Nov 2018
Viewpoint: Rupee to remain strong against US dollar

"Dollar Index (DXY) is trading in bull trend as it is above 50, 100 and 200 day moving average. Early Monday action saw a continued rise in DXY lifting to 97 levels. Indian Rupee though is expected to open strong as on Friday, we saw crude oil prices crashing by more than 5%. This is helping Indian rupee as our import bill will have a cushion and weak crude oil prices are attracting fresh foreign inflows. Technical level for USDINR is 70.50-70.20. We expect the rupee to test this support and remain strong against Dollar. Any reversal in price action is only expected above 71.20/dollar."

-- Bhavik Patel, Senior Technical Analyst, Tradebulls Securities

10:49 (IST)26 Nov 2018
China, HK stocks rise; caution persists ahead of G20 meeting

China stocks edged up on Monday, after stock exchanges published draft rules that facilitate share buybacks by listed firms, but the mood was cautious amid worries about economic growth and ahead of a meeting between U.S. and Chinese leaders this week, said a Reuters report. Hong Kong equities posted solid gains, helped by sharp rebounds in financial and property shares. The CSI300 index rose 0.5% to 3,158.54 points at the end of the morning session, while the Shanghai Composite Index gained 0.3% to 2,586.96 points. In Hong Kong, the Hang Seng index added 1.7% to 26,367.11 points, while the Hong Kong China Enterprises Index gained 1.3% to 10,524.29. According to the report, attention is also fixated on the G20 summit in Argentina at the end of this month, where U.S. President Donald Trump and his Chinese counterpart Xi Jinping are expected to hold high-stakes talks amid the Sino-U.S. trade war.

10:46 (IST)26 Nov 2018
Wipro, Adani Ports to move out of Sensex from Dec 24

Information technology major Wipro and Adani Ports and Special Economic Zones Ltd will be dropped from the Sensex, effective December 24. In their places, HCL Technologies and Bajaj Finance will enter the index, according to information available with the BSE website. Besides, Power Finance Corporation will move out from the BSE 100 index, while Edelweiss Financial Services will be included in the index. Bharti Infratel, Lupin and Hindustan Petroleum Corporation will be excluded from the Sensex 50 index and these firms will be replaced by Bajaj Finserv, Britannia Industries and JSW Steel.

Shares of Wipro were trading  0.93% lower at Rs 304.60 per share. Adani Ports shares were down 1.47%. and HCL Tech shares slipped 1.26%. On the other hand, Bajaj Finance shares were trading 0.54% higher.

10:12 (IST)26 Nov 2018
IT stocks fall as rupee strengthens

The Nifty IT index traded in the red on Monday on the back of a strong rupee. Rising for the eighth straight day, the rupee climbed 39 paise to 70.30 against the US dollar in early trade Monday, as global crude prices slipped below the $60 per barrel mark.

10:10 (IST)26 Nov 2018
Dollar firmer as global growth concerns support flight-to-safety bid

The dollar held broad gains on Monday as investors sought shelter in the world's most liquid currency on fears of a slowdown in global economic growth and as U.S.-Sino trade tensions sapped risk appetite, said a Reuters report. The greenback, considered a safe haven currency, advanced as last week's capitulation in oil prices raised investor concerns that the global economic recovery was losing steam. The British pound changed hands at $1.2804, declining 0.05% versus the dollar.

10:04 (IST)26 Nov 2018
NSE Live! Most PSU banks stocks in green

The NIFTy PSU Bank index traded in the postive territory today, with most stocks in the green. SBI shares traded with gains of nearly 1% in opening trade. However, shares of Vijaya Bank, Bank of India, Central Bank of India and PNB traded with losses.

10:00 (IST)26 Nov 2018
Rupee rises 39 paise to 70.30 against US dollar in early trade

Rising for the eighth straight day, the rupee climbed 39 paise to 70.30 against the US dollar in early trade Monday, as global crude prices slipped below the $60 per barrel mark. Weakness in the greenback against some currencies overseas and a higher opening of domestic equities supported the rupee, PTI reported quoting traders. At the interbank forex market, the rupee opened higher at 70.48 and rose further to quote at 70.30, showing a rise of 39 paise over its previous close. The rupee had rallied 77 paise to end at 70.69 against the US dollar Thursday, in lock-step with softening crude oil prices and foreign capital inflows. The forex market was closed Friday on account of Gurunanak Jayanti.

09:50 (IST)26 Nov 2018
Bharti Airtel shares jump 3%

Shares of Bharti Airtel rose over 3% to a high of Rs 338.25 per share on the BSE in opening trade today. Bharti Airtel shares rose after the telecom operator on Thursday said it has completed the tender offer made for buying back debt worth $ 1.5 billion and investors have tendered bonds worth over USD 994 million. Valid tenders were received with respect to $99,48,85,000 principal amount of the notes when the offer ended on November 21, the company said in a regulatory filing. Bharti Airtel International (Netherlands) B V commenced cash purchase of $1.5 billion, 5.125 per cent Guaranteed Senior Notes due in 2023.

09:43 (IST)26 Nov 2018
Sensex slips from day's high; Nifty falls below 10,550

After opening on a strong note, the benchmark BSE Sensex slipped from its day's high to trade on a flat note at 35,004.32 points, up 23.30 points or 0.07%. Heavy selling pressure was witnessed in bluechip stocks like Yes Bank, Adani Ports, Infosys, ONGC, Vedanta, Sun Pharma, Kotak Bank, Tata Motors and TCS. The NSE Nifty 50 fell below the 10,550-mark.

09:39 (IST)26 Nov 2018
Sensex, Nifty to remain volatile this week

The week may continue to remain volatile for the share market on account of global growth concerns, along with the release of domestic gross domestic product (GDP) data, November derivatives expiry and the upcoming state elections, said market observers. According to Mustafa Nadeem, CEO, Epic Research, the major event for the Indian equity market next week would be the GDP data that is eyed at the end of this month, along with futures and options expiry. “The numbers would certainly give a medium-term directional view for broader indices and decide the breadth for coming months. That said, we have elections in major states and a lot would depend on the outcome of it,” Nadeem said.

Read full story here: Share market outlook -- GDP data, F&O expiry to guide Sensex, Nifty ahead; check top stock picks for this week

09:33 (IST)26 Nov 2018
NSE live! Check out the most traded stocks today

The NSE Nifty opened firmly above the 10,550-mark today tracking positive Asian markets and a higher opening of the rupee against the US dollar. Yes Bank was the most traded stock by volume in the first 15 minutes of trading today. Check out the other stocks here:

09:20 (IST)26 Nov 2018
OPENING BELL: Sensex opens 200 points higher, Nifty above 10,550

The BSE Sensex jumped over 200 points to a high of 35,184.93 points in opening trade today. The NSE Nifty 50 opened firmly above the 10,550-mark. Bharti Airtel, Axis Bank, Asian Paints, IndusInd Bank, SBI, HDFC Bank were among the top gainers in morning trade today.

09:16 (IST)26 Nov 2018
Crude oil prices stabilise after ‘Black Friday’ plunge

Oil prices steadied on Monday after plunging nearly 8% in the previous session, but remain under pressure with Brent crude below $60 per barrel amid weak fundamentals and struggling financial markets. Front-month Brent crude oil futures were at $59.23 per barrel at 0202 GMT, up 43 cents, or 0.7%, from their last close. U.S. West Texas Intermediate (WTI) crude futures, were up 11 cents, or 0.2%, at $50.53 per barrel. The gains did little to make up for Friday’s selloff, which traders have already dubbed ‘Black Friday’. Reacting to Friday’s falls in Brent and WTI, China’s Shanghai crude futures on Monday fell by 5%, hitting their daily downside-limit.

Read here: Crude oil prices stabilise after ‘Black Friday’ plunge

09:14 (IST)26 Nov 2018
Asian shares tick up but oil rout dampens sentiment

Asian shares edged higher on Monday, though investors were cautious as plunging oil prices fanned worries about a dimming outlook for the global economy. Markets are also bracing for a crucial meeting between U.S. and Chinese leaders at the end of the week as trade tensions between the economic superpowers showed no signs of easing. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.4%, led by gains in Taiwan shares following local elections, while Japan’s Nikkei advanced 0.6%. In China, the Shanghai composite index ticked up 0.3%.

Read the full story here: Asian shares tick up but oil rout dampens sentiment

09:13 (IST)26 Nov 2018
Viewpoint: Plunge in crude to buoy bulls

Crude oil registered the worst day in about three years, slid 7.7% on Friday to settle at $50.4 a barrel, a seventh straight weekly fall, as investors increasingly focused on supply worries ahead of an important OPEC gathering. The fall in energy prices will help bulls hoist the index on the open. This severe fall in crude oil prices are going to catapult bullish sentiments in an otherwise dull market.

International markets will focus on the G20 meeting in Buenos Aires next week for cues on the ongoing US-China trade spat.

Oil marketing, paint and tyre companies will be in limelight today. Bajaj Auto should be kept on radar for a possible inclusion of quadricycle as 'non-transport' passenger vehicles.

HCL Technologies, Bajaj Finance to replace Wipro, Adani Ports in the BSE Sensex effective December 24, 2018.

Derivative expiry of November contracts this Thursday will drive individual stock prices. Though markets have corrected sharply in last two sessions, we feel markets are unlikely to fall precipitously this series. 10,450 may act as a floor for this series.

-- HDFC Securities

Share market on Thursday: The Indian stock market extended losses for the third consecutive session today, with the Sensex closing 218.78 points or 0.62% lower at 34,981.02 points. The NSE Nifty closed below the 10,550-mark. All sectoral indices on the National Stock Exchange — barring the media index — slipped into the negative territory. M&M was the top loser on both the headline indices. The stock market was closed on Friday on account of Guru Nanak Jayanti.
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