Share market Highlights: Sensex ends 194 points higher, Nifty above 10,700; Yes Bank, Bharti Airtel rally

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Updated:Jan 04, 2019 4:33:23 pm

Share market Highlights: The domestic stock markets ended higher, after the Sensex and Nifty saw a highly volatile session on Friday. The Sensex ended 181.39 points higher to 35,695.10, while the broader Nifty ended above the 10,700-mark.

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 Highlights: Bharti Airtel share price gained by more than 2.15% to Rs 320.35.

Share market Highlights: The domestic stock markets ended higher, after the Sensex and Nifty saw a highly volatile session on Friday. The Sensex ended 181.39 points higher to 35,695.10, while the broader Nifty ended above the 10,700-mark. Yes Bank shares ended 3.34% higher at Rs 190.05. Bharti Airtel share prices gained by more than 2.8% to close at Rs 322. The rally in the index was mainly led by financials and auto stocks.

The stock market is now off highs, and Sensex has slipped more than 176 points from the day’s highs. Sensex is up about 20 points to 35,530.34, while the broader Nifty 50 is trading below the 10,700-mark.  IT majors TCS, Infosys and Tech Mahindra are among the biggest losers in the Sensex, tanking up to 3.5%.

In a major volatile session, the Sensex has again turned green, after tanking more than 130 points to hit the day’s low. Sensex is now up 81 points to 35,594.15, while the Nifty is trading near the 10,700-mark.Tata Motors shares gained more than 2.2% to hit the day’s high at Rs 169.90, after JLR’s US sales were up 23.6% on-year to 14,079 units. Bharti Airtel share price gained by more than 2.15% to Rs 320.35.

Financial markets were on edge on Friday as weak U.S. economic data added to fears of a global slowdown and pushed investors to bet the Federal Reserve could reverse policy and start cutting interest rates before the end of this year. But nerves were soothed somewhat by news that the United States and China would hold vice-ministerial level talks next week on their trade dispute, with the Chinese blue-chip index turning 0.4 percent higher, Reuters reported. We bring to you LIVE updates.

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

Highlights

    15:50 (IST)04 Jan 2019
    SEBI releases new rules for changes in issue size; key things to know

    Markets regulator Sebi has come out with new norms, that entails filing of fresh offer documents in those cases where there has been a change in issue size. Under the new rules, filing of a fresh offer document is required in case of any increase or decrease in the estimated issue (new) size by more than 20 per cent, Sebi said in a notification dated December 31. At present, such requirement is both for fresh issues and offer for sale (OFS.)

    Read full story here: SEBI releases new rules for changes in issue size; key things to know

    15:39 (IST)04 Jan 2019
    BSE Live: Sensex ends 194 points higher, Nifty above 10,700; Yes Bank, Bharti Airtel rally

    The domestic stock markets ended higher, after the Sensex and Nifty saw a highly volatile session on Friday. The Sensex ended 181.39 points higher to 35,695.10, while the broader Nifty ended above the 10,700-mark. Yes Bank shares ended 3.34% higher at Rs 190.05. Bharti Airtel share prices gained by more than 2.8% to close at Rs 322. The rally in the index was mainly led by financials and auto stocks. A look at live heatmap.

    15:16 (IST)04 Jan 2019
    PSU bank employees won’t lose jobs due to merger, says Arun Jaitley

    Finance Minister Arun Jaitley on Friday said in Lok Sabha that there would be no loss of jobs due to merger of public sector banks. Earlier this week, the Cabinet approved merger of Vijaya Bank and Dena Bank with Bank of Baroda. Jaitley said that there would be no job losses due to merger of the banks and that the move would create a bigger entity like the State Bank of India (SBI). The cost of lending could also become cheaper, he added. During the Question Hour, the minister said that out of the 21 public sector banks, 11 are under PAC (Prompt Corrective Action) framework. PAC is initiated against banks that have high levels of non-performing assets (NPAs).

    Also read: PSU bank employees won’t lose jobs due to merger, says Arun Jaitley

    14:48 (IST)04 Jan 2019
    ICICI, Small Business FinCredit India to offer loan against property to MSMEs; all you need to know

    Private section lender ICICI Ltd Friday said that it has signed an agreement with Small Business FinCredit India to jointly provide funds to micro, small and medium enterprises (MSMEs), which are going through a liquidity crunch in the wake of GST implementation and demonetisation. The agreement has been signed in line with the RBI’s circular in September last year, in which the central bank issued norms for co-origination of priority sector loans by NBFCs and banks, with a view to increase the flow of capital to the sector at competitive rates.

    Also read: ICICI, Small Business FinCredit India to offer loan against property to MSMEs; all you need to know

    14:19 (IST)04 Jan 2019
    BSE Live: Sensex off day's highs, Nifty below 10,700; TCS, Infosys among top losers

    The stock market is now off highs, and Sensex has slipped more than 176 points from the day's highs. Sensex is up about 20 points to 35,530.34, while the broader Nifty 50 is trading below the 10,700-mark. A look at live Sensex heat map.

    13:07 (IST)04 Jan 2019
    Warren Buffett lost $4 billion in a day on Apple stock; why legendary investor may not be worried

    Even as the shares of technology giant Apple Inc plunged on Thursday, costing billionaire Warren Buffett’s Berkshire Hathaway a loss of more than $4 billion in a day, the legendary investor may not be too worried. Notably, while Warren Buffett holds more than 252.5 million shares of Apple, making Berkshire the company’s second-largest investor, has always maintained that he would like to see a decline in stock prices to add to his stake. Interestingly, Apple alone makes up about 25.7% of Berkshire’s total portfolio and is by far Buffett’s largest holding. “We would love to see Apple go down in price,” Warren Buffett said in May this year.

    Read full story here: Warren Buffett lost $4 billion in a day on Apple stock; why legendary investor may not be worried

    11:51 (IST)04 Jan 2019
    BSE Live: Sensex back in green, Nifty nears 10,700; Tata Motors, Bharti Airtel gains 3%

    In a major volatile session, the Sensex has again turned green, after tanking more than 130 points to hit the day's low. Sensex is now up 81 points to 35,594.15, while the Nifty is trading near the 10,700-mark. IT majors, TCS, Infosys and Tech Mahindra are all trading with losses, plunging up to 3.5%. A look at Sensex heatmap.

    11:21 (IST)04 Jan 2019
    Budget Glossary: Here are 10 most important budget terms you should know

    Union Budget is the most comprehensive report of the government’s finances in which revenues from all sources and outlays for all activities are consolidated for a particular financial year, which runs from April 1 to March 31. The budget is expected to be presented on February 1, 2019, by Finance Minister Arun Jaitley in the Parliament. This will be Jaitely’s sixth consecutive Budget and his last before the upcoming general elections, scheduled to be held in March-April this year. 

    Here are the top 10 budget terms you should know.

    Annual Financial Statement

    The annual financial statement is the most important document in the budget. Under Article 112 of the Constitution, the government has to present a statement of estimated revenue and expenditure for every fiscal.

    Read full story here: Budget Glossary: Here are 10 most important budget terms you should know

    10:59 (IST)04 Jan 2019
    NSE Live: TCS, Infosys under pressure, slump up to 3%

    Shares of IT majors TCS and Infosys slumped in trade on Friday morning, amid a larger sell-off in the stock markets. TCS share price tanked by more than 3% to hit intra-day low of Rs 1,841 on NSE, while Infosys share price tanked by more than 2.7% to Rs 651 on NSE. The two IT behemoths energed among the biggest losers in the Sensex. HCL Tech shares are also trading under pressure, about 1.8% lower to Rs 931.  Notably, these stocks are also the top 5 losers n the broader Nifty 50. A look at top 5 gainers and losers.

    10:34 (IST)04 Jan 2019
    BSE Live: Sensex down 100 points, Nifty below 10,650

    After opening higher on Friday, the Sensex and Nifty turned choppy in the morning trade. The Sensex is down 100 points to 35,413.36, while the Nifty is trading below the 10,650-mark. Tata Motors shares gained more than 2.2% to hit the day's high at Rs 169.90, after JLR's US sales were up 23.6% on-year to 14,079 units. Bharti Airtel share price gained by more than 2.15% to Rs 320.35. A look at live Sensex heatmap.

    10:09 (IST)04 Jan 2019
    Rupee jumps 31 paise against US dollar in early morning trade; 10-year govt bond yields fall

    Indian rupee jumped as much as 31 paise against the US dollar in early morning trading on Friday, amid fall in crude oil prices and weaker US currency. The domestic currency today opened at 69.96 per US dollar, up about 21 paise from its previous close of 70.17 per US dollar. At 9:40 AM (IST), the Indian currency was trading at 69.90 per US dollar, after touching an intraday high of 69.86 per US dollar and an intraday low of 69.98 per US dollar, according to data available with the Bloomberg website. On the other hand, the 10-year gilt yield was trading at 7.406% from its previous close of 7.427%. Bond yields and prices move in opposite directions.

    Read full story here: Rupee jumps 31 paise against US dollar in early morning trade; 10-year govt bond yields fall

    09:55 (IST)04 Jan 2019
    Bharti AIrtel, Infratel zoom up to 4%

    Bharti twins, Bharti Airtel as well as Bharti Infratel gained in trade on Friday morning. Bharti Airtel share price zoomed by more than 2.3% to hit the day's high at Rs 319.90, while Bharti Infratel share price zoomed by more than 3.6% to Rs 281.40. Telecom operator Bharti Airtel added more than 1 lakh new users in November after two months of decline, according to the industry data. Vodafone Idea, however, continued to lose customers for the third consecutive month in November after completion of their merger, PTI reported.

    09:23 (IST)04 Jan 2019
    BSE Live: Sensex up 120 points, Nifty above 10,700; Tata Motors zooms 2.5%

    The domestic stock markets opened higher on Friday, tracking positive global cues. The Sensex is up about 120 points to 35,634.15, while the Nifty is trading above the 10,700-mark. Tata Motors shares gained more than 2.2% to hit the day's high at Rs 169.90, after JLR's US sales were up 23.6% on-year to 14,079 units. A look at LIVE Sensex heat map.

    09:13 (IST)04 Jan 2019
    Gold climbs to over 6-month peak on global slowdown fears

    Gold prices rose to a fresh 6-1/2 month high on Friday as tumbling share markets on the back of weak U.S. data fanned fears of a global economic slowdown, putting the safe haven metal on track for a third weekly gain.  Spot gold gained 0.3 percent to $1,297.20 per ounce by 0112 GMT, having earlier touched its highest since mid-June at $1,298.34. The metal has risen more than 1 percent so far this week.

    Also read: Gold climbs to over 6-month peak on global slowdown fears

    09:09 (IST)04 Jan 2019
    RBI’s new year giveaway may hurt credit culture, Fitch Unit Says

    Indian central bank’s decision to allow a one-time restructuring of some loans to small businesses is bound to foster indiscipline among borrowers. That’s the view of India Ratings and Research Pvt., a Fitch group company, on the relaxation extended to the so-called micro, small and medium enterprises. “This dispensation may encourage some of the MSME borrowers, which are otherwise operating satisfactorily, to opt for the scheme and impair the credit discipline,” according to Karan Gupta, associate director at India Ratings.

    Also read: RBI’s new year giveaway may hurt credit culture, Fitch Unit Says

    09:08 (IST)04 Jan 2019
    Financial markets now wagering on Fed rate cut, China-US trade talks calm nerves

    Financial markets were on edge on Friday as weak U.S. economic data added to fears of a global slowdown and pushed investors to bet the Federal Reserve could reverse policy and start cutting interest rates before the end of this year. But nerves were soothed somewhat by news that the United States and China would hold vice-ministerial level talks next week on their trade dispute, with the Chinese blue-chip index turning 0.4 percent higher. U.S. stock futures, which had slipped in early Asian trade, also reversed early losses. E-Minis for the S&P 500 edged up 0.1 percent while Nasdaq futures climbed 0.2 percent. Japanese shares skidded on their first trading day of the year on Friday, with the Nikkei spiralling about 3.6 percent lower on growth worries and a sharp jump in the yen.

    Also read: Financial markets now wagering on Fed rate cut, China-US trade talks calm nerves

    09:07 (IST)04 Jan 2019
    Crude oil slips on global manufacturing downturn, although OPEC cuts offer support

    Oil prices fell on Friday after the United States followed most other major economies into a manufacturing downturn, although supply cuts by producer club OPEC kept declines in check. International Brent crude futures were down 39 cents, or 0.7 percent, at 0155 GMT at $55.56 a barrel. U.S. West Texas Intermediate (WTI) crude oil futures were at $46.93 per barrel, down 16 cents, or 0.3 percent. Data for December from the Institute for Supply Management (ISM) on Thursday showed the broadest U.S. slowdown in growth for more than a decade, as the trade conflict with China, falling equity prices and increasing uncertainty started to take a toll on the world’s biggest economy.

    Also read: Crude oil slips on global manufacturing downturn, although OPEC cuts offer support

    09:06 (IST)04 Jan 2019
    Japanese Yen strengthens marginally against US dollar, but mood sours on global growth worry

    The safe-haven yen strengthened marginally versus the dollar on Friday as broader market sentiment remained weak on rising concerns over a sharp slowdown in global growth. Weaker-than-expected U.S. factory activity and fears of a slowdown in China from a bruising trade war have heightened investor expectations the Federal Reserve will not raise rates in 2019, and possibly even cut them in 2020.  Global equities have had a weak start to the new year and U.S. bond yields have fallen sharply on rising bets economic activity could brake sharply across the world this year. “The biggest beneficiary in such a gloomy scenario would be the yen,” said Ray Attrill, head of currency strategy at NAB.

    Also read: Japanese Yen strengthens marginally against US dollar, but mood sours on global growth worry

    Share market on Thursday: The domestic stock markets–Sensex and Nifty– ended lower on Thursday afternoon, as beluechip heavyweights including RIL and TCS dragged the index. The Sensex closed 377.81 points down to 35,513.71, while the Nifty 50 closed below the 10,700-mark. RIL share price plunged by more than 1.4% to Rs 1,090.10, while TCS shares ended 1.15% lower at Rs 1,919 on BSE. M&M shares plunged by more than 1.9% to hit the day’s low at Rs 727.15. ONGC share price tanked by 3.16% to Rs 142.40 on NSE. Shares of Bank of Baroda rallied more than 3% to Rs 123.40 on NSE after the Union Cabinet on Wednesday approved the proposal to merge Bank of Baroda (BoB), Vijaya Bank and Dena Bank. Vijaya Bank shares plunged by nearly 7.5% to hit the day’s low at Rs 51.05. Dena Bank shares plunged by 20% to Rs 14.40 in the morning trade.