Share market highlights: Sensex ends above 39000, Nifty above 11,700; IndusInd Bank, Yes Bank jump

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Updated:Apr 24, 2019 3:41:31 pm

Share market highlights: The Sensex and Nifty extended gains in the afternoon trade on Wednesday, after US markets reached record closing highs yesterday. The Sensex closed 490 points higher at 39,054, while the Nifty is closed above the 11,700-mark.

Kazakhstan, interest in the startups, BSE, बीएसई, startups, स्टार्टअप्स, कजाखस्तानShare market highlights:  IndusInd Bank closed 3% higher at Rs 1,705.

Stock market highlights: The Sensex and Nifty extended gains in the afternoon trade on Wednesday, after Nasdaq and S&P 500 indexes reach record closing highs on Wall Street. The Sensex closed 490 points higher at 39,054, while the Nifty is closed above the 11,700-mark. IndusInd Bank closed 3% higher at Rs 1,705, while Yes Bank shares ended 2.4% higher at Rs 238.50. Tata Motors, Maruti Suzuki shares emerged as top Sensex losers, shedding up to 3%. 

Equity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent in early trade in Asia. The gains followed a strong performance on Wall Street, driven by robust results from Coca-Cola, Twitter, United Technologies and Lockheed Martin, Reuters reported. 

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15:41 (IST)24 Apr 2019
BSE live: Sensex ends above 39000, Nifty above 11,700; IndusInd Bank, Yes Bank jump

The Sensex and Nifty extended gains in the afternoon trade on Wednesday, after Nasdaq and S&P 500 indexes reach record closing highs on Wall Street. The Sensex closed 490 points higher at 39,054, while the Nifty is closed above the 11,700-mark. IndusInd Bank closed 3% higher at Rs 1,705, while Yes Bank shares ended 2.4% higher at Rs 238.50. Tata Motors, Maruti Suzuki shares emerged as top Sensex losers, shedding up to 3%.  A look at LIVE Sensex heatmap.

15:19 (IST)24 Apr 2019
BSE live: Sensex reclaims 39000, Nifty above 11,700; HCL Tech, Yes Bank jump 4%

The Sensex and Nifty extended gains in the afternoon trade on Wednesday, after Nasdaq and S&P 500 indexes reach record closing highs on Wall Street. The Sensex is up 522 points to 39,088, while the Nifty is trading above the 11,700-mark. HCL Tech shares are 3.5% higher at Rs 11,41.45, while Yes Bank shares are higher by nearly 3%.  A look at LIVE Sensex heatmap.

10:46 (IST)24 Apr 2019
Neogen Chemicals IPO for Rs 132 crore kicks off: 4 key things to know

The initial public offer (IPO) of specialty chemicals maker Neogen Chemicals for Rs 132 crore opens for subscription today. The public offer by Mumbai-based Neogen Chemicals will remain open till 26th April. Neogen Chemicals in the leading manufacturer of bromine specialty chemicals in India, and started operations in 1991, at Mahape, Navi Mumbai.  Over the last many years, it has broadened the number of its products 198, comprising 181 organic and 17 inorganic chemicals. Even as investors maybe mulling whether to invest in the issue, we take a look at 5 key details.

09:24 (IST)24 Apr 2019
BSE live: Sensex up 130 points, Nifty near 11,600; IndusInd Bank, IOC shares gain

The Sensex and Nifty opened higher on Wednesday morning, after Nasdaq and S&P 500 indexes reach record closing highs on Wall Street. The Sensex is up 130 points to 38,692.47, while the Nifty is trading near the 11,600-mark. IndusInd Bank shares are trading 1.3% higher at Rs 1,675.50, while IOC shares are up 3% to Rs 168.65, to emerge among the biggest Sensex gainers. A look at LIVE Sensex heatmap.

09:07 (IST)24 Apr 2019
Donald Trump meets Twitter CEO Jack Dorsey after fuming over discrimination

Twitter Inc. Chief Executive Officer Jack Dorsey met with Donald Trump at the White House Tuesday, the same day the president tweeted that Congress should “get involved” in a battle against “discriminatory” practices by the social media company. Trump tweeted that he had a “great meeting” with Dorsey and that he wants to keep an “open dialogue” with the tech executive. “Thank you for the time,” Dorsey said in a tweeted response. “Twitter is here to serve the entire public conversation, and we intend to make it healthier and more civil. Thanks for the discussion about that.”

Also read: Donald Trump meets Twitter CEO Jack Dorsey after fuming over discrimination

09:05 (IST)24 Apr 2019
Loans to MSMEs grew 21% y-o-y in Q3FY19: Study

Loans to micro, small and medium enterprises (MSMEs) grew 21% year-on-year (y-o-y) in the quarter ended December 2018, according to a study by TransUnion Cibil, which also showed private banks and non-banking finance companies (NBFCs) gaining market share over public sector banks (PSBs). Most of the growth in Q3FY19 came from private banks and NBFCs, with their market shares in MSME loans rising 400 bps and 300 bps y-o-y, respectively. PSBs have been consistently losing their dominance in the market as their share came down to 39% in Q3FY19 from 58% in Q3FY14. 

Also read: Loans to MSMEs grew 21% y-o-y in Q3FY19: Study

08:54 (IST)24 Apr 2019
RBI may slam brakes on interest rate cut spree after Donald Trump’s Iran oil blow

The Donald Trump administration has ended the 6-month exemption given to several countries from unilateral US sanctions on Iranian oil exports. This may prevent the RBImonetary policy committee (MPC) from announcing a further rate cut in its upcoming meeting in June, said a report. The rise in crude oil prices due to imposition of US sanctions would also require RBI to monitor the prices closely and if the crude oil price remains around $75/barrel for another month, the MPC may postpone a rate cut in the June bi-monthly committee meetings, said India Ratings in a report.

Also read: RBI may slam brakes on interest rate cut spree after Donald Trump’s Iran oil blow

08:52 (IST)24 Apr 2019
Recap: Bitcoin price breaches $5,600, hits highest in six months; other cryptocurrencies gain too

Bitcoin soared to its highest in six months with the surge in other smaller cryptocurrencies also on account of technical forces and no apparent news playing as a catalyst behind the rally, Reuters said Tuesday. The original and biggest virtual coin Bitcoin rose by around 4.5 percent in early trading to hit  its peak at $5,600 since November 18. Other major cryptocurrencies like ethereum and Ripple’s XRP which got pulled by rally in Bitcoin also gained.

Also read: Bitcoin price breaches $5,600, hits highest in six months; other cryptocurrencies gain too

08:46 (IST)24 Apr 2019
ICICI Securities announces dividend of Rs 5.70 per share

ICICI Securities announced a dividend of Rs 5.70 per share on Tuesday for the financial year ending March 2019. The decision would be subject to the approval of the shareholders of the company at the upcoming annual general meeting (AGM). The investment services arm of the ICICI group reported a profit of Rs 1213.6 crore in Q4FY19 as against Rs 1,474.6 crore in the corresponding period of last year. The revenue from operations fell to Rs 4,077.3 crore as against Rs 5,079.7 crore in the same period of the previous year.

Also read: ICICI Securities announces dividend of Rs 5.70 per share

08:40 (IST)24 Apr 2019
Asian shares up after Nasdaq, S&P 500 hit record highs

Equity markets in Asia rose on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indexes reach record closing highs on Wall Street overnight, while oil retreated from its near six-month highs. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trade in Asia. The gains followed a strong performance on Wall Street, driven by robust results from Coca-Cola, Twitter, United Technologies and Lockheed Martin.

Also read: Asian shares up after Nasdaq, S&P 500 hit record highs

08:39 (IST)24 Apr 2019
Crude prices: Oil sets new high as ‘non-committal’ Saudis sow doubt

Oil climbed to the highest settlement price in almost six months as Saudi Arabia was said to be tentative about raising output to mute the impacts of American sanctions against Iran, one of OPEC’s largest producers. Brent crude futures climbed 0.6 percent on Tuesday, a day after the U.S. pledged to drive Iranian oil exports to “zero.” The Saudis are holding off on any significant supply shifts until they see actual declines in Iranian output, according to people familiar with policy deliberations in Riyadh.

Also read: Crude prices: Oil sets new high as ‘non-committal’ Saudis sow doubt

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