Share market highlights: Sensex ends 336 points higher, Nifty above 11,750; Tata Steel, ICICI Bank top gainers

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Updated:Apr 26, 2019 3:42:39 pm

Share market highlights: After opening higher this morning, the Sensex and Nifty. The Sensex ends 337 points higher at 39,067.33, while the Nifty closed 113 points higher at 11,754.

Kazakhstan, interest in the startups, BSE, बीएसई, startups, स्टार्टअप्स, कजाखस्तानShare market highlights: Tata Steel ended 7.1% higher at Rs 547.20.

Stock market highlights: After opening higher this morning, the Sensex and Nifty. The Sensex ends 337 points higher at 39,067.33, while the Nifty closed 113 points higher at 11,754. Tata Steel shares ended 7.1% higher at Rs 547.20, while ICICI Bank shares closed 3.1% higher at Rs 407.50, to emerge among the biggest Sensex gainers. 

Asian shares got off to a subdued start on Friday, while the dollar held near two-year highs against the euro on speculation that data later in the day will show the US economy outperforming the rest of the developed world. The euro was off 1 percent for the week at USD 1.1133 as euro zone economic figures continued to disappoint, Reuters reported. Shares of Yes Bank will assume ahead of the lender’s Q4 results scheduled to be reported today. We bring to you live updates.

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Highlights

    15:42 (IST)26 Apr 2019
    BSE live: Sensex ends 336 points higher, Nifty above 11,750; Tata Steel, ICICI Bank top gainers

    After opening higher this morning, the Sensex and Nifty. The Sensex ends 337 points higher at 39,067.33, while the Nifty closed 113 points higher at 11,754. Tata Steel shares ended 7.1% higher at Rs 547.20, while ICICI Bank shares closed 3.1% higher at Rs 407.50, to emerge among the biggest Sensex gainers.  A look at Sensex close heatmap.

    15:15 (IST)26 Apr 2019
    BSE live: Sensex reclaims 39,000, Nifty near day's high; Tata Steel, ICICI Bank shares top gainers

    After opening higher, the Sensex and Nifty extended gains in the afternoon trade on Friday. The Sensex is up about 345 points to 39,081.80, while the Nifty is trading above the 11,750-mark. Tata Steel shares are trading 6.4% higher at Rs 543, while ICICI Bank shares are up about 3.1% to Rs 407.60, to emerge among the biggest Sensex gainers. A look at LIVE Sensex heatmap.

    12:59 (IST)26 Apr 2019
    Maruti Suzuki share price slumps post Q4 results; should you buy or sell stock?

    Shares of India's largest car-maker extended losses for the second straight day after Maruti Suzuki reported a third straight quarterly decline in net profit. Maruti Suzuki shares slumped by 2.3% to hit the day's low at Rs 6,749 in the morning trade on Friday. Maruti Suzuki's Q4 net profit was dented due to adverse foreign exchange rates and rising commodity prices. Maruti Suzuki’s net profit came in at Rs 1,795.60 crore, beating analyst estimates. Maruti Suzuki's net sales came in at Rs 20,737.50 crore, up 0.7% on-year. 

    Also read: Maruti Suzuki share price slumps post Q4 results; should you buy or sell stock?

    11:56 (IST)26 Apr 2019
    Tata Steel share price jumps 7% after strong Q4 results; should you buy or sell stock?

    Shares of India’s steel giant Tata Steel jumped in trade on Friday morning, after the firm reported strong Q4 results. Tata Steel share price jumped by more than 6.8% to hit the day’s high at Rs 545.50. On a consolidated basis, Tata Steel reported overall volume growth of 28.5% to 7.52 million tonne, largely on account acquisition of Bhushan Steel. The net profit of the firm fell 84% in the latest quarter owing to a on-time gain in the previous quarter.

    Also read: Tata Steel share price jumps 7% after strong Q4 results; should you buy or sell stock?

    10:55 (IST)26 Apr 2019
    What will drive the market today: Crude oil prices, Rupee and other key things to watch out for

    Crude oil prices: Oil prices fell on Friday on account of expectations that OPEC will increase output to compensate for a reduction in supplies from Iran following the ending of sanction waivers on Iranian oil importers. Brent crude futures were at $74.09 per barrel at 6 AM, down 26 cents from their last close. US WTI crude futures were at $64.82 per barrel, down 39 cents from their previous close. The crude futures hit its  2019 highs this week after the United States decision on tightening sanctions, yesterday the oil prices exceeded $75 per barrel.

    Also read: What will drive the market today: Crude oil prices, Rupee and other key things to watch out for

    09:29 (IST)26 Apr 2019
    BSE live: Sensex up 150 points, Nifty near 11,700; Tata Steel, Axis Bank shares jump

    The Sensex and Nifty opened higher on Friday morning, tracking mixed global cues. The Sensex is up about 150 points to 38,881.64, while the Nifty is trading near the 11,700-mark. Tata Steel shares are trading 3% higher at Rs 526.35, while Axis Bank shares are up about 2%, after robust Q4 results. Yes Bank shares are trading marginally lower at Rs 237.30, ahead of Q4 earnings scheduled today.  A look at LIVE Sensex heatmap.

    09:11 (IST)26 Apr 2019
    North India biz drives Muthoot Cap profit 54% despite bumpy Q4

    Muthoot Capital Services (MCSL), the vehicle finance arm of Muthoot Pappachan Group, has clocked a 54% surge in its annual net profit for 2018-2019. This is despite the Q4 profit of the same year shrinking 15% from the Q4 profit of the previous year. MCSL’s net profit for Q4 of 2018-19 is barely Rs 18.4 crore. In the corresponding quarter of the previous year, this was Rs 21.5 crore. However, the annual profit has zoomed to Rs 82.4 crore from Rs 53.7 crore in 2017-2018. MCSL disbursed Rs 2,135.1 crore in 2018-19, 8% higher than that the Rs 1,969.6-crore disbursement in the previous year.

    Also read: North India biz drives Muthoot Cap profit 54% despite bumpy Q4

    09:03 (IST)26 Apr 2019
    Cement stocks rally as Ultratech Cement results beat estimates

    Share prices of most cement companies gained on Thursday’s trade after Ultratech Cement reported healthy 4QFY19 earnings which was led by higher volumes and lower costs. Although ACC reported disappointing results but its shares managed to close the session 0.95% higher on the Bombay Stock Exchange (BSE) at Rs 1,622.10. Ultratech Cement continued to rally for the second consecutive session, closing 5.14% higher at Rs 4,622. Since the beginning of the year, Ultratech Cement has given 15.43% in returns while ACC has yielded 7.6% in returns.

    Also read: Cement stocks rally as Ultratech Cement results beat estimates

    08:58 (IST)26 Apr 2019
    Axis Bank sees opportunities in terms of refinance transactions

    Axis Bank has already seen Rs 300 crore of its Rs 700-crore exposure to IL&FS entities turn sour and has another Rs 14-crore loan that escaped the NPA tag because of a tribunal order, chief financial officer Jairam Sridharan told reporters on Thursday. These are numbers we don’t put out in the public domain, but let me tell you that SMA 2 is at considerably low levels. Well below half a percent of our loans is SMA 2. That gives you an indication of what incipient stress is there and it is relatively low. As far as specific provisioning with respect to stressed sectors is concerned, we have not put that in the public domain.

    Also read: Axis Bank sees opportunities in terms of refinance transactions 

    08:57 (IST)26 Apr 2019
    Startup Vision 2024: Govt proposes 50,000 new businesses, Rs 1,000 crore fund, major tax sops and more

    The Indian startup ecosystem is in for a major boost by the government as the Department for Promotion of Industry and Internal Trade (DPIIT) today announced a slew of measures to enable startups’ overall growth through its ‘Startup India Vision 2024’ document. The department is looking to facilitate the launch of 50,000 new startups by 2024 and generate 20 lakh direct and indirect jobs, PTI reported citing an official. Among the other measures proposed by DPIIT included launching 500 new incubators and accelerators, 100 innovation zones in urban local bodies and making seven research parks operational to support innovative startups.

    Also read: Startup Vision 2024: Govt proposes 50,000 new businesses, Rs 1,000 crore fund, major tax sops and more

    08:45 (IST)26 Apr 2019
    Donald Trump says China’s Xi Jinping will soon come to White House

    U.S. President Donald Trump said on Thursday he would soon host Chinese leader Xi Jinping at the White House, setting the stage for a possible agreement on trade between the world’s two largest economies. The White House said on Tuesday that Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer would travel to Beijing for additional talks on a trade dispute that has led to tit-for-tat tariffs between the two countries.

    Also read: Donald Trump says China’s Xi Jinping will soon come to White House

    08:44 (IST)26 Apr 2019
    Asia shares subdued, dollar pins hopes on US GDP

    Asian shares got off to a subdued start on Friday, while the dollar held near two-year highs against the euro on speculation that data later in the day will show the U.S. economy outperforming the rest of the developed world. The euro was off 1 percent for the week at $1.1133 as euro zone economic figures continued to disappoint. Against a basket of currencies, the dollar was 0.8 percent firmer for the week so far at 98.128 having touched its highest since May 2017. The yen proved an outlier by gaining as speculators cut short positions ahead of holidays which will see most Japanese markets shut for six whole trading days.

    Also read: Asia shares subdued, dollar pins hopes on US GDP

    08:43 (IST)26 Apr 2019
    Oil prices ease on expectation that OPEC will raise output

    Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions by the United States against Tehran. Brent crude futures were at $74.09 per barrel at 0029 GMT, down 26 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $64.82 per barrel, down 39 cents, or 0.6 percent, from their previous settlement. The dip followed Brent’s rise above $75 per barrel for the first time this year on Thursday after Germany, Poland and Slovakia suspended imports of Russian oil via a major pipeline, citing poor quality. The move cut parts of Europe off from a major supply route.

    Also read: Oil prices ease on expectation that OPEC will raise output