Share Market HIGHLIGHTS: Sensex gains 311 points, Nifty ends around 11,800; Reliance, Axis Bank major gainers

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Updated:Jun 25, 2019 3:46:02 pm

The Indian headline indices- Sensex and Nifty ended higher on Tuesday. Both the indices had a weak start tracking subdued Asian markets

Share Market Live, Stock Market Live, Nifty Live, NSE live, BSE live, Live Market Update, Market Today, स्टॉक मार्केट, शेयर बाजार, Indian Share Market Live, Indian Stock Market LiveSensex, Nifty trade lower amid weak global cues

The Indian headline indices- Sensex and Nifty ended higher on Tuesday. Both the indices had a weak start tracking subdued Asian markets. While the Sensex ended at a level of  39,434, up 311 points from the last close, the broader Nifty is at 11,796, higher by 96.80 points from the previous settlement. The investors are waiting for the US-China trade talks to be held at the G20 summit this week. The crude oil prices were firm on Tuesday, supported by rising geopolitical tensions between the US and Iran. However, the demand concerns with regard to crude oil are putting pressure on crude oil prices. The oil prices edged lower on Tuesday due to global growth concerns.

The major gainers on BSE are  NTPC, Reliance, Tata Steel, Power Grid, Axis Bank and M&M, while the leading losers are Yes Bank, Asian Paints, L&T, Tech Mahindra and IndusInd Bank.

 

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15:10 (IST)25 Jun 2019
Andhra Bank to raise Rs 2,000 crore via equity in FY20

Andhra Bank in its board meeting held on June 24 approved raising equity capital for up to Rs 2,000 Crore during FY 2019-20 by the way of FPO/QIP or any other approved means.

14:39 (IST)25 Jun 2019
BSE Heatmap

13:23 (IST)25 Jun 2019
Nifty IT drag

12:41 (IST)25 Jun 2019
most of the sectoral indices turn green

11:17 (IST)25 Jun 2019
BSE Heatmap

10:45 (IST)25 Jun 2019
China shares fall as trade concerns break bull run

China stocks fell on Tuesday after a long streak of gains as worries mounted that the United States and China would make little headway in trade talks this week, while economic concerns hit banking shares. ** At the midday break, the Shanghai Composite index was down 1.82% at 2,953.38 points. (Reuters)

10:43 (IST)25 Jun 2019
Trump to meet Modi, Xi on sidelines of G-20 summit in Japan

US President Donald Trump will hold a number of meetings with world leaders, including Prime Minister Narendra Modi and Chinese President Xi Jinping, on the sidelines of G-20 meeting in Japan this week and is expected to discuss several issues, including trade.Trump is scheduled to leave for Japan on June 27 to attend the two-day summit meeting of G-20 leaders in Osaka on June 28 and 29."We anticipate that he will conduct a number of meetings with world leaders,” a senior administration official told reporters during a conference call on Monday.  (PTI)

10:39 (IST)25 Jun 2019
Oil Cos shares edge higher on easing crude oil prices

The shares of oil marketing companies edged higher after the crude oil prices eased. Shares of IOC, HPCL and BPCL are trading in green.

10:33 (IST)25 Jun 2019
Rupee trades higher, gains 10 paise

The Indian currency rupee gained 10 paise to 69.25 against the US dollar, on account of easing crude oil prices and weakening of the US dollar in the overseas market. It had opened marginally up in the early morning at 69.32 per dollar against the last close of 69.35 per dollar.

10:29 (IST)25 Jun 2019
Indiabulls Housing Finance gains 1.17 per cent

Shares of Indiabulls Housing Finance gained 1.17 in the intraday trading on Tuesday. The company's shares had opened lower today morning. 

10:24 (IST)25 Jun 2019
IT stocks under pressure

10:15 (IST)25 Jun 2019
Number of wilful defaulters in nationalised banks up 60 per cent to 8,582 in 5 years

The number of wilful defaulters in nationalised banks has increased by over 60 per cent to 8,582 in five years to March 2019, the government said Monday. By the end of 2014-15 fiscal, the figure stood at 5,349, Finance Minister Nirmala Sitharaman said in a written reply in Lok Sabha. A wilful defaulter is an entity or a person that has not paid the loan back despite the ability to repay it.

(PTI)

10:06 (IST)25 Jun 2019
Most of the Asia Stocks edge lower ahead of US-China meet

Most Southeast Asian stock markets slipped on Tuesday as investors refrained from taking any fresh positions ahead of key trade talks between presidents of the United States and China on the sidelines of a G20 summit this week. U.S. President Donald Trump views the meeting with Chinese President Xi Jinping as a chance to see where Beijing stands on the trade war and is "comfortable with any outcome" from the talks, a senior U.S. official said on Monday. "The most likely outcome is that both Trump and Xi will shake hands and agree to get back to the negotiation table, with no clear timeline or commitment for a trade 'deal'," Mizuho Bank said in a note. (Reuters)

10:04 (IST)25 Jun 2019
Dollar slips on Fed prospects; safe-haven Swiss franc, gold shine

The dollar hit a multi-month low against the euro and the yen on Tuesday on the prospects of monetary easing by the Federal Reserve while the safe-haven Swiss franc and gold rose on Middle East tensions. The euro hit a three-month high of $1.14105, having gained 2.0% from a two-week low of $1.1181 touched a week ago as the dollar has lost steam. It last stood at $1.1406, up slightly on the day.The U.S. currency slipped 0.35% to 106.93 yen, its lowest since its flash crash in early January.

(Reuters)

10:02 (IST)25 Jun 2019
India's SBI Life Insurance drops on promoter's plan to sell shares at discount

India's SBI Life Insurance fell around 5 per cent on promoter LIC's plan to sell shares at a discount. On BSE, the company's shares were trading at Rs 682.45, down 4 per cent from the previous close. 

09:55 (IST)25 Jun 2019
Court issues non-bailable warrants to father-son duo in Indiabulls Housing Finance case

Indiabulls Housing Finance today said that the court has issued non-bailable warrants to Kislay Panday and Mani Ram Panday in case related to Vikash Shekhar.

09:37 (IST)25 Jun 2019
Eris Lifesciences gains 5 per cent

Eris Lifesciences gained more than 5 per cent after as the company board plans to buy back of shares.

09:34 (IST)25 Jun 2019
Promoters sell 10% stake in Emami for Rs 1,230 crore

FMCG conglomerate Emami Group has raised Rs1,230 crore through a stake sale, mainly to be used for reducing debt at the promoters level. The company divested 10% stake to marquee institutional investors on the floor of the stock exchange.

Read more: Promoters sell 10% stake in Emami for Rs 1,230 crore

09:30 (IST)25 Jun 2019
Former IL&FS top brass drew hefty pay as firm’s financial health suffered

The former top management of IL&FS Financial Services (IFIN), a wholly-owned subsidiary of IL&FS, continued to draw hefty salaries and commissions between the financial years 2014 and 2018, even as the company came under increasing financial stress, according to the probe report by Serious Fraud Investigation Office (SFIO).

Read more: Former IL&FS top brass drew hefty pay as firm’s financial health suffered

09:28 (IST)25 Jun 2019
Most of the sectoral indices in red

Most of the sectoral indices are trading in red except auto, realty and pharma. Take a close look

09:24 (IST)25 Jun 2019
BSE Heatmap

09:04 (IST)25 Jun 2019
Rupee opens marginally up at 69.32 per dollar

Rupee opened marginally up at 69.32 per dollar against the previous close of 69.35 per dollar amid global growth concerns due to US-China trade conflict and geopolitical tensions in the Middle East.

08:59 (IST)25 Jun 2019
Rupee outlook by expert

Rupee ended with gains on buying by nationalised banks likely on behalf of oil importers. Oil importers rushed to shore up reserves as crude oil prices remain elevated and importers fear further rise in oil prices after the OPEC meet scheduled later this week. oil importers rushed to shore up reserves as crude oil prices remain elevated and importers fear further rise in oil prices after the OPEC meet scheduled later this week. The greenback plunged on increased bets on a possible Fed rate cut in the upcoming July policy after dovish comments from Fed members.

Minneapolis Fed president Neel Kashkari called for a 50 basis point rate cut, saying that he had advocated for such a move at the central bank's June 18-19 meeting, where officials ended leaving rates unchanged. Comments from other policymakers speaking on Friday also reinforced expectations that the Fed is on course to reduce rates, perhaps as soon as in its July 30-31 meeting. India’s trade deficit widened to $15.36 billion in May from a year ago, the trade ministry said in a statement. Trade deficit stood at $14.62 billion in May 2018. Merchandise exports grew nearly 4% to $29.99 billion last month compared with a year earlier, while imports were up 4.3% at $45.35 billion, data showed. Technically now USDINR is getting support at 69.6375 and below same could see a test of 69.5375 level, And resistance is now likely to be seen at 69.9, a move above could see prices testing 70.0625. (Kedia Advisory)

08:56 (IST)25 Jun 2019
Rupee, bonds firm even after Viral Acharya’s exit

The money markets on Monday remained unruffled by the early departure of Viral Acharya, deputy governor of the Reserve Bank of India (RBI), who will relinquish his position six months ahead of the stipulated term. The rupee was stable, putting on value against the dollar while the benchmark yield staying flat.

The rupee on Monday appreciated by 22 paisa against the greenback to close at Rs 69.35—a near two-week high. Foreign portfolio investors (FPIs) have invested nearly $1.2 billion in the debt markets in June on the back of an outflow of $537 million in May. They have pulled out $161 million from the equity markets so far in June.

Read more: Rupee, bonds firm even after Viral Acharya’s exit

08:48 (IST)25 Jun 2019
Core inflation expected to stay low for next 3-4 months; here is what analyst says

Headline inflation for May ’19 came in at 3.05% (I-Sec est: 3.07%, Consensus: 3.1%). Although this is sharply lower than 4.87% 12 months ago, in sequential terms inflation increased from 2.99% in Apr 19. This is the fourth consecutive month-on-month increase in inflation, taking the 3mma inflation to 2.97%. As expected, rising food prices accounted for the entire sequential increase in CPI. Food and beverages inflation inched up to 2% (1.35% in Apr), contributing 93bps to headline inflation. In line with past few months, three items viz. vegetables, pulses and sugar accounted for most of the increase in food inflation. Out of the 65bps sequential rise in food inflation in May ‘19, vegetables, pulses and sugar contributed 34bps, 15 bps and 5 bps respectively. But falling prices of ‘miscellaneous’ items cushioned the impact of rising food prices to some extent.

Read more: Core inflation expected to stay low for next 3-4 months; here is what analyst says

08:46 (IST)25 Jun 2019
Oil prices steady, US-Iran tensions remain in focus

Oil prices were steady on Tuesday, supported by worries over conflict between Iran and the United States but pressured by concerns about a potential decline in demand for crude. Benchmark Brent crude futures were up 3 cents at $64.89 a barrel by 0034 GMT. They rose 0.5% on Monday. U.S. crude futures were down 3 cents at $57.87 a barrel. The U.S. benchmark declined 0.8% in the previous session.

Read more: Oil prices steady, US-Iran tensions remain in focus

08:45 (IST)25 Jun 2019
Gold rises to near 6-year high on dollar weakness, US-Iran tensions

Gold prices rose to their highest level in nearly six-years on Tuesday as the dollar sat near multi-month lows and the announcement of fresh U.S. sanctions on Iran boosted interest in the safe-haven metal. (Reuters)

Read more: Gold rises to near 6-year high on dollar weakness, US-Iran tensions

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