Share market highlights: Sensex ends near fresh record high, Nifty above 11,700; Tata Motors, Bharti Airtel jump

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Updated:Apr 02, 2019 3:58:14 pm

Share market highlights: The Sensex surged to fresh record high on Tuesday, but pared gains in the afternoon trade. The Sensex closed at 39,056.65, while the Nifty ended above the 11,700-mark.

Small Cap Stocks, Small Cap, Stock Market, BSE Small Cap, स्मालकैप शेयरों में निवेश, स्मालकैप, Invest In Stocks, ReturnShare market highlights: Intra-day, Sensex zoomed 250 points to hit fresh record high of 39,121.69.

Stock market highlights: The Sensex surged to fresh record high on Tuesday, but pared gains in the afternoon trade. The Sensex closed at 39,056.65, while the Nifty ended above the 11,700-mark. Intra-day, Sensex zoomed 250 points to hit fresh record high of 39,121.69. Tata Motors shares gained nearly 6% to close at Rs 198.40. Bharti Airtel shares gained by more than 5% to close at Rs 357.55, to emerge among the biggest Sensex gainers. 

Asia shares extended their rally on Tuesday as factory activity surveys from China and the United States boosted investor confidence, triggering the largest one-day sell-off in the US Treasury market in nearly three months. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent to a seven-month high after rallying more than one per cent in the previous session, Reuters reported. We bring to you LIVE updates.

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    15:43 (IST)02 Apr 2019
    BSE live: Sensex ends near fresh record high, Nifty above 11,700; Tata Motors, Bharti Airtel jump

    The Sensex surged to fresh record high on Tuesday, but pared gains in the afternoon trade. The Sensex closed at 39,056.65, while the Nifty ended above the 11,700-mark. Intra-day, Sensex zoomed 250 points to hit fresh record high of 39,121.69. Tata Motors shares gained nearly 6% to close at Rs 198.40.  A look at LIVE Sensex heatmap.

    14:23 (IST)02 Apr 2019
    Share market LIVE: Sensex off highs, Nifty below 11,700; Tata Motors, Bharti Airtel jump up to 7%

    The Sensex and Nifty are off day's high on Tuesday afternoon. The Sensex is up about 55 points to 38,926.53, while the Nifty is trading below 11,700-mark. Tata Motors shares are trading 6.4% higher at Rs 199.10, while Bharti Airtel shares are up 4.61% to Rs 355.95.  A look at LIVE Sensex heatmap.

    13:52 (IST)02 Apr 2019
    Sensex past 39,000

    BSE Sensex once again passed 39,000-mark in the intraday trade today as it trades at 39,000.39, up 128.52 points, or 0.33 per cent.

    13:21 (IST)02 Apr 2019
    Sensex journey from 100 to 39,000 in just 40 years; ten landmarks

    The Sensex has scaled yet another high crossing the 39,000-mark on its 40th birthday, continuing its robust growth over the years. Notably, the 30-share index came into being on April 1, 1979 with a base value of 100. The growth over the last 40 years represents a 16% CAGR return to the shareholders. After taking into account the dividends, the value of Sensex stands at a whopping 56,000. “If we take dividends in to account, on total return basis, it would be close to 56,000. Congratulations India for the stupendous growth,” Ashish Chauhan, CEO of BSE said in a tweet. We take a closer look at the journey, ans the top 10 landmarks of Sensex in the last 40 years.

    Also read: Sensex journey from 100 to 39,000 in just 40 years; ten landmarks

    11:14 (IST)02 Apr 2019
    Supreme Court blow to IBC: RBI’s 12 Feb circular declared invalid

    In a potential big setback to the much celebrated Insolvency and Bankruptcy Code, which is bringing defaulter corporate promoters to task and cleaning up banks’ massive NPAs, the Supreme Court has declared the RBI’s 12 February circular as unconstitutional. RBI’s 12 February circular had ruled that banks and lenders refer any loan account over Rs 2,000 crore under IBC if it is not resolved within 180 days of default.

    Also read: Supreme Court blow to IBC: RBI’s 12 Feb circular declared invalid

    10:35 (IST)02 Apr 2019
    Rupee slips 22 paise against US dollar in early trade

    The Indian rupee weakened by 22 paise to trade at 69.36 to the US dollar in early trade on Tuesday owing to increased demand for the greenback from importers and banks. At the interbank foreign exchange market, the rupee opened lower at 69.32 and weakened further to 69.37 to the US dollar. However, it recovered partially to quote at 69.36 against the dollar at 0912 hours. The Indian unit had appreciated by 16 paise on Friday to close at 69.14.

    Also read: Rupee slips 22 paise against US dollar in early trade

    09:59 (IST)02 Apr 2019
    SBI does well to challenge the NCLAT in Essar Steel case

    State Bank of India has done well to approach the Supreme Court to challenge the National Company Law Appellate Tribunal (NCLAT) asking the Committee of Creditors (CoC) to reconsider its decision in the Essar Steel matter so as to ensure that operational creditors—like Standard Chartered—get a higher amount than what the CoC has agreed to.

    Also read: SBI does well to challenge the NCLAT in Essar Steel case

    09:27 (IST)02 Apr 2019
    BSE live: Sensex jumps 80 points, Nifty nears 11,700; Bharti Airtel, Eicher Motors top gainers

    The Sensex and Nifty opened higher on Tuesday morning, tracking mixed global cues. The Sensex is up about 70 points to 38,942.47, while the Nifty is trading near the 11,700-mark. Eicher Motors shares gained by more than 2% to hit the day's high at Rs 20,617.35, while Bharti Airtel shares zoomed by more than 2% to Rs 347.10 on BSE. Yesterday, the Sensex clocked its record high of 39,115.57, while the Nifty surged past the 11,700-mark for the first time since September 3rd. A look at LIVE Sensex heatmap.

    09:15 (IST)02 Apr 2019
    Poll: RBI to cut rates again before vote; BJP victory best for economy

    The Reserve Bank of India will cut rates for a second consecutive time when its three-day policy meeting ends on Thursday, shortly before the first phase of the national election begins, a Reuters poll found. Those expectations for another rate cut have strengthened over the past month after Shaktikanta Das was appointed as the new RBI Governor in December. Lending rates were lowered and the policy stance shifted at his first meeting in February.

    Also read: Poll: RBI to cut rates again before vote; BJP victory best for economy

    09:07 (IST)02 Apr 2019
    Reliance Securities says Nifty momentum remains strong

    "NIFTY (11669) near-term momentum remains positive despite couple of indecisive patterns. BANKNIFTY (30327) formed a “Bearish Engulfing pattern”, it has to close with a gain to negate this pattern. The market breadth of Indian equities was positive for the third day in a row. FIIs resumed their purchases after a day’s pause (26 days of buying out of 27 sessions), while the DIIs resumed their selling. The market internals of global equities is above equilibrium across timeframes. 2% (previous 2%) of the global equities scaled to 52-week highs, while 2% (previous 3%) of them hit fresh 52-week lows," Reliance Securities said in a report. 

    09:00 (IST)02 Apr 2019
    Embassy Office Parks REIT expects 54% growth in net operating income

    The Embassy Office Parks REIT expects a 54% growth in its net operating income (NOI) in the next three years – till financial year 2020-2021. Speaking to media at an event post- REIT listing in Mumbai, Michael Holland, CEO, Embassy Office Parks, said that of the portfolio on offer in the REIT about 2.7 million square feet is under construction, and most of it will be completed in the next two and a half years. “All of this construction is within the Parks and is in addition to the about 25 million square feet (sq ft) that is operational,” he said, adding that it gives good headroom for the growth in REIT’s NOI.

    Also read: Embassy Office Parks REIT expects 54% growth in net operating income

    08:58 (IST)02 Apr 2019
    Power producers point out RBI’s inconsistency on resolution norms, SC judgement today

    With the Supreme Court’s verdict on the maintainability of RBI’s February 12 circular slated to be pronounced on Tuesday, independent power producers, in their supplemental submission to the apex court, have highlighted “inconsistencies” in the RBI’s stance on inter-creditor agreement (ICA). The industry also reiterated how payment indiscipline and preferential treatment to PSUs are causing stress in the sector. The SC had reserved the order on March 14 and had asked the parties to submit their additional inputs within March 25.

    Also read: Power producers point out RBI’s inconsistency on resolution norms, SC judgement today

    08:56 (IST)02 Apr 2019
    Gold near 3-week lows as dollar, equities rise

    Gold inched up on Tuesday, but was trading near a more than three-week low touched in the previous session as the U.S. dollar strengthened and equities rose.  Spot gold gained 0.1 percent to $1,288.30 per ounce by 0057 GMT, after touching its lowest since March 8 at $1,286.25 in the previous session.U.S. gold futures were down about 0.1 percent at $1,293.40 an ounce.

    Also read: Gold near 3-week lows as dollar, equities rise

    08:41 (IST)02 Apr 2019
    GST collection back above Rs 1 lakh crore in March; hits new record high as return filings increase

    GST collections scaled record high of Rs 1.06 lakh crore in March, up from Rs 97,247 crore in the previous month, as compliance improved amid increased number of returns filed. “Total gross GST revenue collected in March, 2019 is Rs 1,06,577 crore of which Central GST is Rs 20,353 crore, State GST is Rs 27,520 crore, Integrated GST is Rs 50,418 crore and cess is Rs 8,286 crore,” an official statement said.

    Also read: GST collection back above Rs 1 lakh crore in March; hits new record high as return filings increase

    08:40 (IST)02 Apr 2019
    Recap: Is Sensex, Nifty rally here to stay? What investors must watch out for

    After the Sensex hit an all-time high this morning and with the Nifty nearing its record high mark, experts caution that the rally could be losing steam in the coming days. “I feel that the signs of exhaustion have started to show up on the Index. The up-moves over past few days have come with bearish divergences on the lead indicators which are clear signs of exhaustion. Even if the up-moves continue, we may see momentum being lost over coming days. There are high probabilities that the markets show some corrective tendencies from current levels,” Milan Vaishnav, consulting technical analyst told Financial Express Online. 

    Also read: Is Sensex, Nifty rally here to stay? What investors must watch out for

    08:39 (IST)02 Apr 2019
    Reliance Industries shares hit fresh record high; Mukesh Ambani-firm nears Rs 9 lakh crore m-cap

    Shares of billionaire Mukesh Ambani-led Reliance Industries touched a fresh record high on Monday, propelling the firm’s market capitalisation to reach near the Rs 9 lakh crore mark. Reliance Industries shares jumped by more than 3.18% to hit the day’s high at Rs 1,406.05. At the day’s close Reliance Industries market capitalisation stood at Rs 8.82 lakh crore, making it India’s most valuable firm by mcap. RIL shares closed 2.1% higher at Rs 1,391.55. IT giant TCS comes at a distant second with its market capitalisation at Rs 7.62 lakh crore. Interestingly, the rally in the shares has also helped the Sensex to hit a fresh record high, and surge past the crucial 39,000-mark. According to data from BSE, RIL emerged as the top contributor to Sensex rally, with the firm’s shares accounting for 90 point gain in the index.

    Also read: Reliance Industries shares hit fresh record high; Mukesh Ambani-firm nears Rs 9 lakh crore m-cap

    Share market on Monday: The Sensex pared gains in the late afternoon on Monday, after surging to record highs in the morning. The Sensex closed 278 points below its intra-day high of 39,115.57, while the Nifty closed near the 11,650-mark. Earlier, the Nifty surged past 11,700-mark for the first time since September 3, 2018. Meanwhile, India’s first REIT–Embassy Office Parks shares closed 4.45% higher at Rs 313.35 on its listing day. Tata Motors shares gained by more than 7.5% to Rs 187.30 on NSE.
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