Share market HIGHLIGHTS: Sensex, Nifty end higher for 2-days straight; Infy, TCS gain 2%; Yes Bank slips 2.5%

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Updated: November 27, 2018 4:56:39 pm

Share market today: Buoyed by healthy buying in index heavyweights like Infosys, TCS, IndusInd Bank, Maruti Suzuki and SBI, among others, the Sensex and Nifty gained for the second consecutive day, despite weak global cues and depreciation in the rupee. Yes Bank shares closed lower by 2.5% after ratings agency Moody's downgraded the private bank and changed outlook to negative.

Stock Market Live Updates, Indian Stock markets, BSE, NSE, Stock treding, sensex, niftyShare market LIVE today: Track BSE, NSE live updates here

Share market HIGHLIGHTS: Buoyed by healthy buying in index heavyweights like Infosys, Tata Consultancy Services, IndusInd Bank, Maruti Suzuki and SBI, among others, the Sensex and Nifty gained for the second consecutive day, despite weak global cues and depreciation in the rupee. According to market observers, some caution prevailed ahead of derivatives expiry and the release of India’s gross domestic product data for the September quarter later this week. Yes Bank shares closed lower by 2.5% after ratings agency Moody’s downgraded the private bank and changed outlook to negative.

BSE Sensex closed today’s trade 159.06 points or 0.45% higher at 35,513.14 points. The NSE Nifty ended at 10,685.60 points, up 57 points or 0.54%. The benchmark domestic equity indices — which started on a tepid note — shrugged off their earlier losses and moved into the positive territory during the mid-afternoon trade session today. Gains were led by healthy buying in most banking, IT and realty stocks. However, profit booking in pharma, metals, media and FMCG indices capped gains.

Meanwhile, global stock markets fought to keep a rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week, said a Reuters report. The pan-European STOXX 600 benchmark was down 0.1%, pulling back from a one-week high hit in the previous session. Japan’s Nikkei managed to add 0.65% and Chinese blue chips rose 0.4%. Oil prices slipped, weighed down by record Saudi Arabian production even as OPEC’s top producer pushes for supply cuts ahead of the group’s meeting in Austria next week.

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

Highlights

    16:56 (IST)27 Nov 2018
    Stocks Recommendations : Epic Research

    Stocks recommendations by Mustafa Nadeem, CEO, Epic Research:

    ESCORTS - Stock outperformed well good volumes and closed near today's high and it has shown the strength on the daily chart. The RSI is also indicating buying on the daily chart. We recommend buying from the current level for the target of 700 with the stop loss of 684.

    BAJAJFINSV - Stock is in an uptrend and it has given closing above the 200 EMA on the daily chart with good volumes. The RSI is also showing reversal on the daily chart. We recommend buying from the current level for the target of 6000 with the stop loss of 5800.

    IRBINFRA - Stock outperformed well with good volume and it has given the long consolidation breakout on a closing basis with volume breakout. The RSI has also indicated good strength on the daily chart. We recommend buying from the current level for the target of 155 with the stop loss of 148.

    Disclaimer: Stock recommendations are the brokerage firms’ own and do not represent those of www.financialexpress.com. Please consult your financial adviser before taking any position in the stock (s) mentioned.

    16:21 (IST)27 Nov 2018
    Market View: Sectoral performance on NSE was mixed

    Stock markets in India started the trading week on a positive note and continued to trade in the green on the second trading day of the week, as well. The benchmark Sensex held firmly above the 35500 mark while the Nifty held strong above 10600 levels. Despite paring gains after hitting an intra-day high in mid-afternoon trade, both the benchmark indices closed with gains of over 0.50%. While markets traded in the positive zone, investors were a bit cautious ahead of the expiry of futures and options (F&O) contracts on Thursday (29th November 2018) and the release of India's gross domestic product data for the September quarter on Friday (30th November 2018). Sectoral performance on the National Stock Exchange (NSE) was mixed. While the healthcare, metals and media indices traded in the red, sharp gains were seen in the PSU banking and information technology indices.

    -- Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund

    15:43 (IST)27 Nov 2018
    Check top 5 Nifty gainers and losers today

    The NSE Nifty 50 closed Tuesday's trade at 10,685.60 points, down 57 points or 0.54%. Barring the Nifty pharma, media, metals and FMCG indices, all other sectoral indices closed in the green. Check out the top five Nifty gainers and losers:

     

    15:36 (IST)27 Nov 2018
    CLOSING BELL: Sensex ends 159 points higher, Nifty closes above 10,650

    The BSE Sensex closed Tuesday's trade 159.06 points or 0.45% higher at 35,513.14 points. The NSE Nifty 50 closed firmly above the 10,650 level. Check out the top Sensex gainers and losers in trade today:

    15:18 (IST)27 Nov 2018
    BREAKING: Moody's downgrades YES BANK, shares slip 4%

    Ratings agency Moody's has downgraded Yes Bank and changed outlook to negative. Following the report, Yes Bank shares slipped 3.43% to Rs 181.50 per share on the BSE.

    Read more: Huge setback for Yes Bank! Moody’s downgrades rating; shares fall 4%

    14:34 (IST)27 Nov 2018
    Crude slips below $60 per barrel

    Crude extended decline in the late afternoon trade deals today. Around 2.30 pm, Brent crude traded at $59.87 per barrel, down 1.01%. Oil prices slipped on Tuesday, weighed down by record Saudi Arabian production even as OPEC's top producer pushes for supply cuts ahead of the group's meeting in Austria next week.

    Read here: Crude oil falls below $60 per barrel on record Saudi output

    14:18 (IST)27 Nov 2018
    Indian stocks in Morgan Stanley’s Focus List

    After witnessing a huge foreign money outflow in 2018, emerging markets that includes India are expected to outperform in 2019. Morgan Stanley in its Global Strategy Outlook report for 2019 has upgraded emerging markets stocks from “underweight” to “overweight” for the next year while maintaining that the bear market is almost over for emerging markets. On the other hand, the investment bank downgraded US equities to underweight and is targeting S&P 500 at 2,750 by end-2019. The report has included four Indian stocks in Morgan Stanley Asia Pacific ex-Japan Focus List.

    Find out these stocks here: Buy emerging markets, says Morgan Stanley; these four Indian stocks on focus

    14:05 (IST)27 Nov 2018
    Sun Pharma shares slump 7% after early rise

    Sun Pharma shares slumped over 7% today, after an initial rise of 2%, after the drug major on Monday said the company along with its subsidiary has entered into settlements with certain plaintiffs in the Modafinil antitrust litigation pending in the US District Court for the Eastern District of Pennsylvania. The company, however, did not disclose the details of the settlement, saying the terms are confidential.

    13:54 (IST)27 Nov 2018
    Lupin gets 1 observation from USFDA for Tarapur facility

    Drug firm Lupin Tuesday said it has received an observation in the establishment inspection report (EIR) given by the US health regulator for its Tarapur facility in Maharashtra. The inspection, conducted by the United States Food and Drug Administration (USFDA) between August 27 and August 31, concluded with an inspectional observation, Lupin said in a statement. Lupin shares were trading 0.85% higher at Rs 852 per share on the BSE.

    13:50 (IST)27 Nov 2018
    Sensex jumps over 100 points; Infosys, RIL top gainers

    The BSE Sensex gained over 100 points during the mid-morning trade deals led by gains in blue-chip stocks like Reliance, Infosys, HDFC, NTPC, TCS, SBI and LT among others.

    13:01 (IST)27 Nov 2018
    NSE live! Nifty slips below 10,600-mark

    The NSE Nifty 50 slipped below the 10,600-mark to trade at 10,599.45 points, down 29.15 points or 0.27%. Heavy selling pressure in metals, pharma, media, FMCG and auto stocks pulled the index below the psychologically important mark. Check out the top gainers and losers:

    12:57 (IST)27 Nov 2018
    What crude oil at $50 a barrel means for India and the world economy

    Energy importers like India and South Africa will benefit; oil producers such as Russia and Saudi Arabia will hurt. Central banks under pressure to raise interest rates will get a reprieve; those looking to revive prices, such as the Bank of Japan, face another headwind, said a Bloomberg report. Ultimately, much depends on how world oil demand shapes up as it gets battered by a stronger dollar and global trade spats, and how the biggest producers react.

    Read the full story here: What crude oil at $50 a barrel means for India and the world economy

    12:40 (IST)27 Nov 2018
    Alibaba beats Facebook once again in market cap

    Facebook Inc. crises this year have weighed heavily on the social-media giant, dragging shares down more than 37% from their July peak and erasing nearly $240 billion in value. The fall has allowed Chinese internet behemoth Alibaba Group Holding Ltd. to once again overtake Facebook in market capitalization.

    View the chart here: Alibaba beats Facebook once again in market cap after latest PR crisis: See chart

    12:33 (IST)27 Nov 2018
    CPSE ETF fourth tranche opens tomorrow for retail investors: Should you invest?

    The subscriptions for the fourth tranche of CPSE ETFs opens tomorrow for retail investors. Notably, the government is looking to raise up to Rs 8,000 crore, with a green-shoe option to retain either Rs 4,000 crore or Rs 6,000 crore from the fund offer this time around. The CPSE ETF is part of the Modi government’s mega disinvestment drive through which it has already garnered Rs 11,500 crore in the earlier three tranches of the ETF. Inorder to woo investors, a discount of 3.5-4% on the issue price is being provided.

    Read here: CPSE ETF fourth tranche opens tomorrow for retail investors: Should you invest?

    12:20 (IST)27 Nov 2018
    IT stocks gain as rupee falls

    The Nifty IT index traded with gains on the back of a depreciating rupee. The rupee depreciated by 15 paise to 71.02 against the US dollar in early trade Tuesday at the interbank foreign exchange.

    12:11 (IST)27 Nov 2018
    Oil slips on record Saudi output; markets eye G20 and OPEC meetings

    Oil slipped on Tuesday, pulled down by record Saudi Arabian production even as OPEC's top producer pushes for supply cuts ahead of the group's meeting in Austria next week, according to a Reuters report. International Brent crude oil futures briefly dipped below $60 per barrel before rising back to $60.33 at 0520 GMT, down 15 cents, or 0.3%, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $51.33 per barrel, down 30 cents, or 0.6%. Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, pumping 11.1 million to 11.3 million barrels per day (bpd) during the month. Oil prices have lost almost a third of their value since early October, weighed down by an emerging supply overhang and widespread financial market weakness.

    12:10 (IST)27 Nov 2018
    Gold prices up by Rs 46 in futures trade on steady demand

    Gold prices edged up by Rs 46 to Rs 30,593 per 10 grams at the futures market on Tuesday as participants widened their bets even as metal weakened overseas. At the Multi Commodity Exchange, gold to be delivered in December up by Rs 46, or 0.15% to trade at Rs 30,593 per 10 grams in a business turnover of 89 lots.

    Read here: Gold prices up by Rs 46 in futures trade on steady demand

    12:08 (IST)27 Nov 2018
    Japanese stocks track Wall Street higher

    Japanese stocks advanced on Tuesday, lifted by a rally on Wall Street and as a weaker yen supported exporters, although fresh concerns about U.S.-China trade tensions limited broader gains, said a Reuters report. The Nikkei share average ended the day 0.64% higher at 21,952.40. The index brushed a two-week peak and posted its third session of gains. The broader Topix added 0.73% to 1,644.16. The gains by Japanese stocks were relatively modest compared with the overnight rally on Wall Street, where the Dow climbed 1.46% and the Nasdaq added 2%.

    11:48 (IST)27 Nov 2018
    Nifty top gainers and losers

    The NSE Nifty traded rangebound during the late morning trade deals tracking weak global cues and depreciation in the rupee. Around 11.40 am, the Nifty was trading at 10,614.90 points, down 13.70 points or 0.13%. Check out the top 5 Nifty gainers and losers:

     

    11:15 (IST)27 Nov 2018
    Nifty Pharma index in red; Sun Pharma tanks 6%

    The Nifty pharma index traded with losses today, with almost all pharma stocks trading in the red. Sun Pharma shares plunged over 6% in trade today. Check all other stocks here:

    10:56 (IST)27 Nov 2018
    China's yuan edges lower as Trump comments dash hopes of trade truce

    The yuan edged lower against the dollar on Tuesday on growing doubts over whether the leaders of China and the United States will be able to reach an agreement later this week to de-escalate their bitter trade dispute, said a Reuters report. In an interview with the Wall Street Journal, U.S. President Donald Trump said he expects to move ahead with raising tariffs on $200 billion in Chinese imports to 25% from 10%. Trump also said it was "highly unlikely" he would accept China's request to hold off on the increase, which is set for January 1.

    10:43 (IST)27 Nov 2018
    IFCI sees best day in nearly a month

    Shares of non-banking financial company IFCI jumped over 7% to Rs 14.6, marking its biggest daily percentage gain in nearly a month. The stock hit its highest level in over two weeks. The stock surged after IFCI received Rs 492 crore due to resolution of Binani Cement, said a Reuters report.

    10:31 (IST)27 Nov 2018
    JSW Steel shares crack nearly 5%

    JSW Steel shares cracked nearly 5% to a low of Rs 303.15 per share on the NSE in morning trade. Most metals stocks traded with losses today. The Nifty metal index was the top sectoral loser, while JSW Steel was the top loser on the Nifty. 

    10:26 (IST)27 Nov 2018
    China stocks eke out gains on bargain hunting; Hong Kong down

    Chinese stocks rose on Tuesday morning as investors bought oversold shares after three days of losses, but uncertainty is capping gains ahead of a highly anticipated meeting between the Chinese and U.S. presidents at the G20 summit this week, said a Reuters report. At the midday break, the Shanghai Composite index was up 10.93 points, or 0.4%, at 2,586.74. China's blue-chip CSI300 index was up 0.43%, with its financial sector sub-index 0.45% higher, the consumer staples sector up 0.19%, the real estate index down 0.07% and the healthcare sub-index up 0.12%. But despite the gains on Tuesday, expectations for a de-escalation in trade tensions between the U.S. and China dimmed after U.S. President Donald Trump said he expected to move ahead with raising tariffs on $200 billion worth of Chinese imports to 25%, from 10% at present, the report added. He also repeated a threat to put tariffs on all remaining imports from China.

    10:08 (IST)27 Nov 2018
    BSE live! Sensex extends losses; Sun Pharma down 3%

    The BSE Sensex extended losses after a tepid start today tracking mixed global cues, weak rupee and heavy selling pressure in most metals, FMCG, auto, media and private banks stocks. Around 10.06 am, the Sensex traded 52.73 points or 0.15% lower at 35,301.35 points. Check out the top Sensex losers and gainers:

    10:01 (IST)27 Nov 2018
    Metals stocks crack in early trade

    Most metals stocks traded with losses in early morning trade today. The Nifty metal index was the top sectoral index loser. JSW Steel slipped over 3% in trade. Check all other stocks here:

    09:55 (IST)27 Nov 2018
    Rupee sheds 15 paise against US dollar in early trade

    The rupee depreciated by 15 paise to 71.02 against the US dollar in early trade Tuesday at the interbank foreign exchange. According to a PTI report, the currency fell after US President Donald Trump suggested a tariff hike on Chinese goods. The domestic unit opened weak in line with other Asian currencies after Trump on Monday said for any trade deal China has to treat his country "fairly". At the interbank forex market, the rupee opened lower at 70.91 and declined further to quote at 71.02, showing a fall of 15 paise over its previous close. The rupee Monday fell by 18 paise to close at 70.87 against the US dollar.

    Read here: Rupee sheds 15 paise against US dollar in early trade

    09:46 (IST)27 Nov 2018
    Lupin gains 1% after USFDA nod for antidepressant drug

    Shares of drug firm Lupin rose 1% to a high of Rs 853.70 per share on the BSE in early morning trade today. The drug firm on Monday said it has received approvals from the US health regulator for its Clomipramine Hydrochloride capsules, and Potassium Chloride for oral solution. The company has received approval from the United States Food and Drug Administration (USFDA) to market its generic Clomipramine Hydrochloride capsules USP in the strengths of 25 mg, 50 mg, and 75 mg, Lupin said in a filing to BSE.

    09:43 (IST)27 Nov 2018
    Wall Street on Monday: US Stocks bounces back on holiday retail hopes

    Wall Street bounced back on Monday, lifted by expectations that retailers raked in online sales during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework spending plans that have fueled tensions with the European Union, said a Reuters report. Oil prices also recovered after its own “black” Friday, adding to risk-on sentiment, and the pound rose after Britain’s Brexit agreement won approval from European leaders. The Dow Jones Industrial Average rose 354.29 points, or 1.46%, to 24,640.24, the S&P 500 gained 40.89 points, or 1.55%, to 2,673.45 and the Nasdaq Composite added 142.87 points, or 2.06%, to 7,081.85.

    Read here: Wall Street bounces back on holiday retail hopes

    09:41 (IST)27 Nov 2018
    Jet Airways down over 3% as lay-offs continue

    Jet Airways shares fell over 3% to a low of Rs 292.50 per share on the BSE in early morning trade today. The crisis-hit airline continues to use layoffs in small chunks as one of the means to reduce cost with the carrier handing over pink slips to around 16 more employees, PTI reported on Monday quoting sources. The fired employees were working as ground staff in Jet Airway's Kochi and Hyderabad offices, as per the source. Late last month, the airline had laid off 20employees, including some senior-level executives from the in-flight services department. Prior to that, it reportedly had asked 15 managerial level employees from various departments including engineering, security and sales, to leave the company.

    09:36 (IST)27 Nov 2018
    PSU banks stocks in green

    The Nifty PSU Bank index traded with gains today, with shares of Union Bank, Oriental Bank of Commerce, Canara Bank and Bank of India gaining up to 2% in early trade. IDBI Bank was the only PSU bank stock in red.

    09:33 (IST)27 Nov 2018
    NSE live! Check out the most active stocks today

    The NSE Nifty, which started on a tepid note today, currently traded at 10,612.70, down 15.90 points or 0.15% from its Monday's close. Yes Bank emerged as the most active stock by volume in the first 15 minutes of trade today. Check out the other most active securities:

    09:30 (IST)27 Nov 2018
    Yes Bank shares jump 3%

    Yes Bank shares jumped over 3% to a high of Rs 194 per share on the BSE in early morning trade today. According to a PTI report on Monday, entities linked to one of the promoters of Yes Bank have paid Rs 400 crore to two mutual funds from whom they had raised funds by pledging shares. The entities are understood to be linked to the close family members of Rana Kapoor, the chief executive and one of the promoters of the bank. The Kapoor family paid Rs 200 crore each to Reliance Mutual Fund and Franklin Templeton Mutual Fund, the report said quoting sources, adding this was a prepayment of the due amount.

    09:24 (IST)27 Nov 2018
    Sun Pharma shares rise 2%

    Shares of Sun Pharmaceuticals gained over 2% in opening trade on Tuesday. The drug major on Monday said the company along with its subsidiary has entered into settlements with certain plaintiffs in the Modafinil antitrust litigation pending in the US District Court for the Eastern District of Pennsylvania. The company, however, did not disclose the details of the settlement, saying the terms are confidential.

    09:22 (IST)27 Nov 2018
    OPENING BELL: Sensex, Nifty start on tepid note

    Sensex and Nifty started on a flat note today tracking mixed global cues. Shares of Infosys, Yes Bank, Sun Pharma and Coal India gained up to 2% in opening trade.

    09:14 (IST)27 Nov 2018
    Asian stocks mixed after Donald Trump issues tariff threat

    Asian share markets struggled to extend a global rebound on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region, said a Reuters report. Japan’s Nikkei managed to eke out a 0.1% gain, and Chinese blue-chips added 0.6%. Other bourses were mixed with MSCI’s broadest index of Asia-Pacific shares outside Japan easing 0.1%. E-Mini futures for the S&P 500 also retreated 0.4%, after rising sharply overnight.

    Read here: Asian stocks mixed after Donald Trump issues tariff threat, oil slips anew

    09:13 (IST)27 Nov 2018
    PRE-OPEN SESSION: Sensex, rupee opens on a flat note

    The BSE Sensex rose over 40 points during the pre-open session today, with Yes Bank shares surging over 3%. The rupee opened at 70.87 per US dollar against the US dollar from its yesterday's close at 70.8675 against the greenback.

    09:09 (IST)27 Nov 2018
    Viewpoint: Markets to consolidate gains

    U.S. stocks closed higher Monday as retail shares rallied on expectations of strong sales as shoppers went hunting for deals on Cyber Monday. Stable oil prices and global equities gains also soothed sentiment after a bruising week of losses.

    U.S.-China trade tensions continued to loom over the market ahead of the Group of 20 summit beginning Friday when President Donald Trump and Chinese President Xi Jinping are expected to meet and discuss trade issues.

    After dillydallying near the previous close, FMCG stocks and rate sensitive stocks like Banks, Automobiles took lead and helped Nifty hit a century yesterday. Today we expect markets to digest yesterday’s gains and consolidate. Derivatives contracts for the November series will expire this Thursday and rollovers will drive prices from here on. 10750 is hurdle for this series while support has moved up to 10550.

    -- HDFC Securities

    Share market on Monday: 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.
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