Share market HIGHLIGHTS: Sensex, Nifty end higher; Yes Bank biggest loser

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Updated:Jun 18, 2019 3:50:41 pm

The Indian headline indices-Sensex and Nifty ended higher on Tuesday, snapping a four-day losing streak. While the Sensex ended 85.55 above at 39,034.15 level, Nifty closed at 11,691.05, up 19.35 points from the last settlement.

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 LiveStock Market Live: Sensex, Nifty to open flat tracking mixed Asian shares

The Indian headline indices-Sensex and Nifty ended higher on Tuesday, snapping a four-day losing streak. While the Sensex ended 85.55 above at 39,034.15 level, Nifty closed at 11,691.05, up 19.35 points from the last settlement. Both the leading indices had opened higher in the early morning ahead of US Federal Reserve monetary policy to be announced tomorrow.

On BSE, the major gainers are Vedanta, Coal India, ICICI Bank and Power Grid while the losers are Yes Bank, Maruti and Asian Paints. Jet Airways shares tanked 50 per cent on BSE to end at Rs 40.45 per share. The shares of the airline had opened lower in the morning after reports that the lenders’ consortium decided to send the debt-ridden airline under the insolvency and bankruptcy code or IBC for the speedy recovery of Rs 8,000 crore dues.

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Highlights

    15:23 (IST)18 Jun 2019
    BSE Heatmap

    15:21 (IST)18 Jun 2019
    Crude oil prices slip for second consecutive day on global growth concerns

    Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China trade war, although losses were limited by tensions in the Middle East after last week’s tanker attacks. Brent crude futures were trading down 40 cents, or 0.7%, at $60.54 a barrel by 0701 GMT. They fell 1.7% in the previous session on concerns about slowing global growth. U.S. West Texas Intermediate (WTI) crude futures were down 28 cents, or 0.5%, at $51.65. They dropped 1.1% on Monday. The New York Federal Reserve said on Monday that its gauge of business growth in New York state posted a record fall this month to its weakest level in more than 2-1/2 years, suggesting an abrupt contraction in regional activity. (Reuters)

    Read more: Crude oil prices slip for second consecutive day on global growth concerns

    14:13 (IST)18 Jun 2019
    HDFC FMP investors may be repaid in full, but is similar solace in offing for others too?

    HDFC FMP mutual fund investors may breathe easy with the AMC deciding to repay them by taking Essel Group securities loss on its own books, but the fate of other similar mutual fund investors still remains uncertain. HDFC Asset Management Company’s Fixed Maturity Plan debt funds mature in September, but it was feared that investors may not get their money back in full, owing to the failure of Essel Group securities held by these funds. However, HDFC AMC has offered an exit route to its FMP investors by providing Rs 500 crore liquidity support via transfer of their exposures to Essel group firms on to its own books.

    Read more: HDFC FMP investors may be repaid in full, but is similar solace in offing for others too?

    14:06 (IST)18 Jun 2019
    Hong Kong stocks end firmer, Fed jitters cap gains

    Hong Kong stocks closed higher on Tuesday, extending a rally from the previous session, aided by strong inflows from the mainland even as the protests subsided. The Hang Seng index ended up 1.0% at 27,498.77 points, while the China Enterprises Index closed 0.8% firmer at 10,507.65 points.  Hong Kong leader Carrie Lam said on Tuesday said she had heard the people "loud and clear" and apologised again for recent upheaval after some of the most violent protests in the city against an extradition bill that she had promoted.  Mainland investors via the Stock Connect linking Shanghai, Shenzhen and Hong Kong bought about 3 billion yuan ($433.01 million) worth of Hong Kong shares on Tuesday, marking their 17th straight session of net buying via the scheme, according to Refinitiv data. (Reuters)

    13:56 (IST)18 Jun 2019
    HDFC AMC shares fall nearly 7% after fund house takes Essel Group’s exposures on its books

    Shares of HDFC Asset Management Company fell nearly 7 per cent Tuesday as the firm decided to provide liquidity to certain fixed maturity plan schemes of HDFC MF to deal with cash crunch. In a BSE filing on Monday, HDFC AMC said it has decided to provide a liquidity arrangement to certain fixed maturity plan schemes of HDFC MF to deal with the illiquidity faced by such FMP schemes due to their exposure to NCDs issued by Essel Group firms. The NCDs were issued by Edisons Infrapower & Multiventures and Sprit Infrapower & Multiventures.

    Read more: HDFC AMC shares fall nearly 7% after fund house takes Essel Group’s exposures on its books

    13:38 (IST)18 Jun 2019
    Star Cement consider buyback

    Star Cement will consider buyback in its board meeting to be held on June 21, the company informed the exchanges today. 

    12:14 (IST)18 Jun 2019
    Majority of the FMCG stocks trade in red

    12:06 (IST)18 Jun 2019
    GST Council meet on June 21

    GST Council is scheduled to meet on June 21 for its 35th meeting and may mull interest waiver demand on delayed advance user charges. The Council to discuss Electronic invoicing system to avoid tax evasion, CNBC TV 18 reported.

    12:01 (IST)18 Jun 2019
    PSU Banks gain

    11:35 (IST)18 Jun 2019
    Top gainers on NSE

    11:22 (IST)18 Jun 2019
    Trouble brewing in Indian alternative investment funds as they become $40 billion time-bomb

    Even as the fate of India’s shadow banks swings precariously between unexpected defaults and sudden downgrades, there’s trouble brewing in another unlit corner of finance. Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March. Since September, when the surprise bankruptcy of infrastructure financier IL&FS Group triggered a refinancing squeeze for property developers, investors have committed an additional $9 billion to these so-called alternative investment funds. (Bloomberg)

    Read more: Trouble brewing in Indian alternative investment funds as they become $40 billion time-bomb

    11:14 (IST)18 Jun 2019
    Jet Airways shares fall

    Shares of debt-laden airline Jet Airways continue to be low after reports that the SBI has approached NCLT to file IBC proceeding against the airline for the speedy recovery of dues.

    11:06 (IST)18 Jun 2019
    Rupee trades higher

    The Indian currency Rupee is trading higher on Tuesday by 10 paise at 69.80 per dollar against the previous close of 69.90 per dollar.

    10:47 (IST)18 Jun 2019
    Asian markets mostly rise as Fed meeting looms

    Asian markets mostly rose Tuesday but gains were limited with investors treading uneasily as they await the conclusion of a crucial Federal Reserve meeting this week. While geopolitical tensions and the China-US trade war continue to make waves, the key focus, for now, is what the US central bank plans to do with monetary policy as the tariffs stand-off shows signs of impacting the world's top economy. (AFP)

    10:41 (IST)18 Jun 2019
    Dabur India shares slump as brokerage firm downgrades

    Dabur India shares fell by 5 per cent on Tuesday morning after the brokerage firm Goldman Sachs downgraded its rating to sell with a target price of Rs 334 on account of heightened competition. A slowdown in the rural and agricultural sector is also posing a challenge for the company. 

    10:30 (IST)18 Jun 2019
    HDFC AMC falls 6 per cent

    The shares of HDFC AMC fell over 6 per cent after the company offered an exit to investors of some fixed maturity plans by transferring Rs 5,00 crore of their exposure to debt-laden Essel Group firms on to its books.

    09:38 (IST)18 Jun 2019
    BSE Heatmap

    09:20 (IST)18 Jun 2019
    Gold holds steady ahead of Fed meeting

    Gold held steady in early Asian trade on Tuesday as investors awaited the start of a two-day monetary policy meeting of the U.S. Federal Reserve for clues on interest rates.

    Read more: Gold holds steady ahead of Fed meeting

    09:17 (IST)18 Jun 2019
    Rupee opens higher at 69.83 per dollar against the previous close of 69.90 per dollar

    The Indian rupee opened stronger at 69.83 per dollar on Tuesday against the previous close 69.90.